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Introduction to Econometrics provides students with clear and simple mathematics notation and step-by-step explanations of mathematical proofs, to give them a thorough understanding of the subject. Extensive exercises throughout build confidence by encouraging students to apply econometric techniques.
Retaining its student-friendly approach, Introduction to Econometrics has a comprehensive revision guide to all the essential statistical concepts needed to study econometrics, additional Monte Carlo simulations, new summaries, and non-technical introductions to more advanced topics at the end of chapters.
This book is supported by online resources, which include:
For lecturers:
· Instructor's manual for the text and data sets, detailing the exercises and their solutions.
· Customizable PowerPoint slides.
For students:
· Data sets referred to in the book.
· A comprehensive study guide offers students the opportunity to gain experience with econometrics through practice with exercises.
· Software manual.
· PowerPoint slides with explanations.
List of contents
- Introduction
- Review: Random Variables, Sampling, Estimation and Inference
- 1: Simple Regression Analysis
- 2: Properties of the Regression Coefficients and Hypothesis Testing
- 3: Multiple Regression Analysis
- 4: Nonlinear Models and Transformations of Variables
- 5: Dummy Variables
- 6: Specification of Regression Variables
- 7: Heteroskedasticity
- 8: Stochastic Regressors and Measurement Errors
- 9: Simultaneous Equations Estimation
- 10: Binary Choice and Limited Dependent Variable Models, and Maximum Likelihood Estimation
- 11: Models Using Time Series Data
- 12: Autocorrelation
- 13: Introduction to Nonstationary Time Series
- 14: Introduction to Panel Data Models
About the author
Dr Christopher Dougherty is an Associate Professor in Economics at the London School of Economics.
Summary
Combining the rigour of econometric theory with an accessible style, Dougherty's step by step explanations and relevant practical exercises ensure students develop an intuitive understanding of econometrics, and gain hands-on experience of the tools used in economic and financial forecasting.
Additional text
Excellent textbook, which I have adopted as required reading for my class. The explanations are very clear, and yet it is very concise and does not overwhelm students.
