Designed to promote students' understanding of econometrics and to build a more operational knowledge of economics through a meaningful combination of words, symbols and ideas. Each chapter commences in the way economists begin new empirical projectswith a question and an economic modelthen proceeds to develop a statistical model, select an estimator and outline inference procedures. Contains a copious amount of problems, experimental exercises and case studies.
For a one- or two-quarter/semester course for undergraduates or graduates who have had basic courses in statistics and mathematics and introductory and/or intermediate courses in economics, this textbook integrates, at an elementary level, economic and statistical models and econometric methods, in a way that puts some economics into econometrics and that parallels the process followed in empirical economic research. Annotation c. Book News, Inc., Portland, OR (booknews.com)