Here's a few general guidelines to help with the write-up of your empirical project. Let me stress once again that your main goal for the project is to show that you understand how to use the tools and techniques we learned in class:

**1. Introduction**

Introduce the problem and discuss the question you are trying to answer with your empirical project.

**2. Theory and Hypotheses**

Discuss the theory underlying your model and state the hypotheses you are going to test. You should also state the significance levels you will use in your tests.

**3. Empirical Model and Data**

Present the empirical model you are using to test your hypotheses. This is where specification issues should be addressed. For example, did you log your data? Did you include squared terms or interactions? Are there any important omitted variables? If so, what are the consequences? Did you use tests to see if variables you werenâ€™t sure about belong in the model? You should also discuss the data and data sources in this section.

**4. Violations of Assumptions**

At this point, you have the basic empirical model specified and you have discussed specification issues. You should now discuss potential violations of the Guass-Markov conditions. The goal is to test for heteroskedasticity or serial correlation, and then either correct your model for the problem if it exists, or describe how you would have corrected the model had you found a problem. There are direct tests for heteroskedasticity and autocorrelation, but you should also discuss any other notable violations of the assumptions that may be present in your model and how those will be handled or accounted for. For example, are measurement errors a problem? Do you need to use instrumental variables to solve any endogeneity problems?

**5. Results**

Now that you have described the specification of the model, and described how you checked and corrected for any problems that exist, you are now ready to present estimates of your final model. After presenting the final estimates, you should discuss the overall fit of the model, and interpret the coefficients. What do the coefficients tell you? This is also the section where you should present the test results for the hypotheses you are examining, and then discuss the results.

**6. Conclusion**

What did you learn? Did the data support your hypotheses? How could you improve the model? What could you do in a follow-up study to learn more about this topic?

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