Introductory Econometrics A Modern Approach review

Introductory Econometrics A Modern Approach

Introductory Econometrics A Modernn Approach 5th Edition is currently the best Econometrics book on the market. The writer devotes coverage to topics and techniques relevant to the current state of practice in econometrics. The book is ideal for Economics students. The best in this book is the data analysis examples in the text. The examples are fantastic and therefore they are easy to understand and learn. Many students favorite the Econometrics course.
Introductory Econometrics A Modern Approach

Introductory Econometrics A Modern Approach by Wooldridge


Where can I get Introductory Econometrics ?

The answer is very easy. You can buy it or rent on Amazon for about $75.

For more buy/rent options please hit the buy button below, it will redirect you to the Amazon store.



Introductory Econometrics Details

  • Hardcover: 912 pages
  • Publisher: Cengage Learning; 5 edition (September 26, 2012)
  • Language: English
  • ISBN-10: 1111531048
  • ISBN-13: 978-1111531041
  • Product Dimensions: 1.5 x 7.3 x 9.1 inches
  • Shipping Weight: 3.2 pounds


What is Econometrics ?

Imagine that you are hired by your state government to evaluate the effectiveness of a publicity founded job training program. Suppose this program teaches workers various ways to use computers in the manufacturing process. The twenty week program offers course during non working hours. Any hourly manufacturing worker may participate, You are to determine what effect the training program has on each worker’s subsequent hourly wage.

Now, suppose you work for an investment bank. You are to study returns on different investment strategies, involving short-term U.S. treasury bills to decide whether they comply with implied economic theories.

The task of answering such questions may seem danuting at first. At this point, you may only have a vague idea of the kind of data you would need to collect. By the end of this introductory econometrics course, you should know how to use econometrics methods to formally evaluate a job training program or to test a simle economic theory.

Econometrics is based upon the development of statistical methods for estimating economic relationships, testing, economic theories, and evaluating and implementing government and business policy. The most common application of econometrics is the forecasting of such important macroeconomic variables as interest rates, inflation rates and gross domestic product. Whereas forecasts of economic indicators are highly visible and often widely published, econometric methods can be used in economic areas that have nothing to do with macroeconomic forecasting.

Naturally, econometricians have borrowed from mathematical statisticians whenever possible. The method of mutliple regression analysis is the mainstay in both fielsd, but its focus and interpretation can fiffer markedly. In addition, economists have devised new techniques to deal with the complexities of economic data and to test the predictions of economic theories.


About Jeffrey Wooldridge

Jeffrey M. Wooldridge is a University Distinguished Professor of Economics at Michigan State University. He is also the author of ECONOMETRIC ANALYSIS OF CROSS SECTION AND PANEL DATA. His work has earned numerous awards, including the Alfred P. Sloan Research Fellowship, the Multa Scripsit award from Econometric Theory, the Sir Richard Stone prize from the Journal of Applied Econometrics, and three graduate teacher-of-the-year awards from MIT.


Wooldridge has also served on the editorial boards of the Journal of Econometrics and the Review of Economics and Statistics. He received his B.A. with majors in computer science and economics from the University of California, Berkeley, and received his Ph.D. in economics from the University of California, San Diego.


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