Product Description

Blending traditional topics with newer techniques and trends, this book aims to provide a balanced and comprehensive study of current econometric theory and practice. It covers recent developments such as co-integration and offers explanations of the derivation of econometric methods and practice.

Product Details

• Amazon Sales Rank: #198383 in Books
• Published on: 1997-07-01
• Original language: English
• Binding: Paperback
• 531 pages

From the Publisher
An innovative feature of this book is the detailed descriptions of several pieces of applied econometric research. These applications use real-life data contained on the data disk which accompanies the text, giving students a hands-on experience working with data sets.

This book provides a compact, thirteen-chapter presentation.

Coverage includes clear explanations of the derivation of econometric methods and practices. The authors then go on to show how, in practice, these methods apply to estimation and testing of economic models.

Applications are built upon US economic data, all of which is contained on the data disk packaged with the text.

Customer Reviews

down to the core on every topic - must have
I wish I had had this book when I was doing my undergrad.... plowing through Greene was a nightmare.

This is not a piece of cake but it is well explained and doesn't loose you along the way by jumping to far to soon. I found it by chance (due to my dissatisfaction with Greene - that seems to be the standard for everything for some strange reason) and finished recommending it to all my fellow students in my masters. At the end of the course the professor found it to be very useful and recommended it too.

So basically it covers everything in a first course of a masters and gives pretty good insight for a second or third. Obviously it can't be specific in everything, so basically it makes sure you have the basics right. For Time Series you would have to turn to Hamilton, but the basics are here so you could already start doing your first regressions relying only on Johnston (univariate and multivariate). Likewise Panel Data would require to be complemented. It has a comprehensive coverage of what you need from matrix algebra (that you will need if you plan to go further than e-metrics 101, here chapter 3 onwards) and statistics. You would need a previous course of statistics and maths as it only explains enough for you to remember the stuff. It also brings datasets to replicate the tables.

They also take time to explain how to read the correlograms and other output of programs that I have hardly seen in other books.

Another great thing about this book is that the layout is really good (not like hamilton that barely has the chapter headings in a bigger font and greene that is full of mini charts and boxes that makes you wonder where an earth does the bit you were reading continue)

It's cheap, short and packed with good stuff.

Clear, concise, practical and does not sacrifice rigour.
Excellent introduction to econometric ideas. Especially regressions. A good companion to more detailed time series texts such as Hamilton. Mathematical results are clearly motivated and derived. Intuition developed through simple numerical examples.

More than expected
Much better than Greene's. Easier to read. Much more intution without lacking technicality

A must to read