Selected Topics

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|EASTERN MEDITERRANEAN UNIVERSITY |
|Faculty of Business and Economics |
|Department of Business Administration
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Topic 2: Demand Theory

Title: Import Demand function
Aim: This study empirically investigates the determinants of quantity demand for particular imported commodity of any product and the role of the relevant factors in X economy.

Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically investigate the determinants of quantity demanded of any product.

Model:

QM=f (PM, I, PY, T, CPI, N)

The Theory says:

QM=f (PM, I, PY, T, CPI, N) -, +/-, +/-,+, +, + N/I, S/C

Data:
QM is quantity demanded of the good and service for imports, PM is price of imported the good and service, I is consumer’s income per capita, T is taste patterns of consumers, CPI is consumer price index and N is number of consumers in the market.

Topic 3: Demand Theory

Title: Tourism Demand function
Aim: This study empirically investigates the effect of world income and the relative price of tourism in X economy based on demand for export of tourism.

Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically investigate the determinants of demand for export of tourism.

Model:

Qx=f (Px/ PW, (Px/ PW )t-1 ,E, E t-1, IW , IW t-1)

The Theory says:
Qx= (Px/ PW, (Px/ PW )t-1 ,E, E t-1, IW , IW t-1) +, + , -,
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