This book is intended for a first year graduate course in econometrics. However, the first six chapters have no matrix algebra and can be used in an advanced undergraduate class. This can be supplemented by some of the material in later chapters that do not require matrix algebra, like the first part of Chapter 11 on simultaneous equations and Chapter 14 on time-series analysis. This book teaches some of the basic econometric methods and the underlying assumptions behind them. Estimation, hypotheses testing and prediction are three recurrent themes in this book. Some uses of econometric methods include (i) empirical testing of economic t- ory, whether it is the permanent income consumption theory or purchasing power parity, (ii) forecasting, whether it is GNP or unemployment in the U.S. economy or future sales in the c- puter industry. (iii) Estimation of price elasticities of demand, or returns to scale in production. More importantly, econometric methods can be used to simulate the effect of policy changes like a tax increase on gasoline consumption, or a ban on advertising on cigarette consumption.
Most propositions are proved in the text. For those who intend to write a thesis on applied topics, the empirical applications of the book are a good way to learn how to conduct empirical research.
This broadly based graduate-level textbook covers the major models and statistical tools currently used in the practice of econometrics. It examines the classical, the decision theory, and the Bayesian approaches,...
This is the first book on applied econometrics using the R system for statistical computing and graphics.
The main purpose of this volume of the Handbook of Statistics is to serve as a source, reference, and teaching supplement in econometrics, the branch of economics concerned with statistical...
The nuts and bolts — get familiar with the various characteristics of the classical linear regression model (CLRM), which is the foundation of traditional econometric analysis Form and function — discover how econometric analysis is ...
This 2002 book is an ideal practical introduction to the basics of econometrics.
Imad Moosa challenges convention with this comprehensive and compelling critique of econometrics, condemning the common practices of misapplied statistical methods in both economics and finance.
... 2010, Bunker's beer cost $3.00 per six-pack and his pretzels cost $2.00 per bag. One way to calculate Bunker's rate ... juice and tofu. In 2000, she bought 1,000 bottles of carrot juice for $2.00 per bottle and 400 pounds of tofu for ...
This book is intended for use in a rigorous introductory PhD level course in econometrics.
This is a textbook for the standard undergraduate econometrics course.