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Econometrics : Modern Introduction - 06 edition

Econometrics : Modern Introduction (ISBN10: 0321113616; ISBN13: 9780321113610)
ISBN13: 978-0321113610
ISBN10: 0321113616

Summary: Econometrics: A Modern Introduction conditions students to think like econometricians right from the start by opening with a unique Monte Carlo exercise, and connects econometrics to economic theory through a series of exemplary econometric analyses presented throughout the text.


  • Students learn to critically evaluate economic conclusions through the use of original data and compe morelling topics such as discrimination, demand for cocaine, capital punishment, and infant mortality. Because many students do not understand sampling distributions, Econometrics: A Modern Introduction begins with a Monte Carlo exercise that compares students' own estimators of the slope of a line through the origin. The exercise conditions students to think like econometricians right from the start by focusing their attention on how estimators perform across repeated samples.
  • Regression's Greatest Hits features, which present a series of exemplary econometric analyses, help students make a clear connection between econometrics and economics. Early Hits help students make the leap from the theoretical economics they have studied to the econometrically convenient linear forms in which econometricians usually cast economic theories. Later Hits illustrate how newly introduced techniques have been used to obtain practical, profound, or amusing results, and show students how important economic knowledge is grounded in econometric research.
  • Econometrics: A Modern Introduction keeps economic behavior in the foreground by focusing on real-life applications as it uses theory to quantify economic relationships.
  • Econometrics: A Modern Introduction can be used with both introductory and advanced students possessing the prerequisite economic and statistic theoretical background.
  • A Monte Carlo simulation tutorial on the textbook Web site takes students through the choices they must make to build their Monte Carlo models, and then presents them with the Monte Carlo results.
  • Econometrics: A Modern Introduction returns to Monte Carlo analyses to introduce heteroskedasticity, errors in variables, and consistency. Programs for these exercises are also on the Web site. less

Edition/Copyright: 06
Cover: Hardback
Publisher: Addison-Wesley Longman, Inc.
Published: 07/29/2005
International: No

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