Principles of Econometrics

Format: Paperback / softback
Length: 904 pages
Publication date: 23 February 2018
Publisher: John Wiley & Sons Inc

Principles of Econometrics, Fifth Edition, is a comprehensive introductory book designed for undergraduate students in economics and finance, as well as first-year graduate students pursuing diverse fields such as economics, finance, accounting, marketing, public policy, sociology, law, and political science. By delving into the realm of econometrics, students will acquire a solid foundation in basic econometrics, enabling them to employ modeling, estimation, inference, and forecasting techniques to address real-world economic challenges. Moreover, readers will gain a profound understanding of econometrics that empowers them to critically evaluate the findings of economic research and modeling, serving as a solid basis for further exploration of the field.

The Fifth Edition of this esteemed econometrics text has undergone significant revisions, aimed at both reorganizing the content and providing ample opportunities for students to apply the knowledge gained through chapter-end exercises. These revisions ensure that students have a thorough grasp of the key concepts and methodologies in econometrics, equipping them with the skills necessary to excel in their academic and professional pursuits.

The book is organized into nine chapters, each covering a distinct aspect of econometrics. The first chapter provides an overview of the field, introducing the basic concepts, assumptions, and tools used in econometric analysis. Subsequent chapters delve into more advanced topics, such as linear regression models, time series analysis, panel data analysis, and Bayesian inference. Each chapter is accompanied by detailed explanations, examples, and exercises, allowing students to practice and reinforce their understanding of the material.

One of the notable features of this edition is the emphasis on practical applications. The book includes numerous real-world examples and case studies, drawn from various industries and sectors, to illustrate the practical implications of econometric techniques. These examples help students connect the theoretical concepts with real-world situations, enhancing their ability to apply econometrics in practical settings.

Furthermore, the Fifth Edition incorporates recent developments and advancements in the field. It discusses the use of machine learning algorithms, big data analysis, and other cutting-edge tools in econometrics, providing students with the skills and knowledge required to tackle complex economic problems in the modern world.

In conclusion, Principles of Econometrics, Fifth Edition, is an essential resource for undergraduate students in economics and finance, as well as first-year graduate students pursuing diverse fields. With its comprehensive coverage, practical applications, and emphasis on recent developments, the book equips students with the tools and knowledge necessary to excel in econometrics and contribute to the field of economics. Whether students are aspiring economists, finance professionals, or researchers, this text serves as a valuable guide to understanding and applying econometric techniques in real-world situations.

Weight: 1618g
Dimension: 205 x 257 x 40 (mm)
ISBN-13: 9781119510567
Edition number: 5th Edition