Stock & Watson - Introduction to Econometrics 3e
English | Size: 35.97 MB
From Goodreads: An approach to modern econometrics theory and practice through engaging applications.
Grasp the relevance of econometrics with Introduction to Econometrics--the text that connects modern theory and practice with engaging applications.
The third edition builds on the philosophy that applications should drive the theory, not the other way around, while maintaining a focus on currency.
From the Preface: Econometrics can be a fun course for both teacherr and student. The real world of economicss, business, and government is a complicated and messy place, full of competing ideas and questions that demand answers. Is it more efffective to tackle drunk driving by passing tough laws or by increasing the tax on alcohol? Can you make money in the stock market by buying when prices are historically low, relative to earnings, or should you just sit tight, as the random walk theory of stock prices suggests? Can we improve elementary education by reducing class sizes, or should we simply have our children listen to Mozart for 10 minutes a day? Econometrics helps us sort out sound ideas from crazy ones and find quantitative answers to important quantitative questions. Econometrics opens a window on our complicated world that lets us see the relationships on which people, businesses, and governments base their decisions.
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