Principles of Econometrics, Fifth Edition, is an introductory book for undergraduate students in economics and finance, as well as first-year graduate students in a variety of fields that include economics, finance, accounting, marketing, public policy, sociology, law, and political science. Students will gain a working knowledge of basic econometrics so they can apply modeling, estimation, inference, and forecasting techniques when working with real-world economic problems. Readers will also gain an understanding of econometrics that allows them to critically evaluate the results of others’ economic research and modeling, and that will serve as a foundation for further study of the field.
This new edition of the highly-regarded econometrics text includes major revisions that both reorganize the content and present students with plentiful opportunities to practice what they have read in the form of chapter-end exercises.
New to this Edition:
- An in-depth discussion of data types, along with tips on writing econometrics research papers that will help students develop ideas as the course develops
- A new section on large sample tests, including an explanation of the use of control variables and the difference between causal and predictive models
- An extensive section on treatment effects and causal modeling in Rubin’s potential outcomes framework
- Complete solutions manual for professors is available online in both Microsoft Word and PDF formats
- New examples and exercises use real data to make the material more relevant
- Chapters are focused on core material and exercises, while more advanced content is presented in the appendices
- Between 25 and 30 new exercises have been added to each chapter to help students apply what they’ve learned
- Reorganization of chapters follows a natural progression that is conducive to undergraduate and graduate-level instruction