Econometrics comes alive with Introduction to Econometrics!
This new, much-anticipated text by James H. Stock of Harvard University, and Mark W. Watson of Princeton University, teaches students how to become sophisticated consumers of econometrics. The authors focus on empirical analysis and integrate large data sets and modern, real-world questions into the theoretical development of the text.
The intuitive approach of Introduction to Econometrics uses interesting applications to motivate theory, and theory to match the applications. Students come away with a thorough understanding of econometrics and of the relationships on which people, businesses, and governments base their decisions.
Features of Introduction to Econometrics
Reviewer Praise for Introduction to Econometrics
Features of Introduction to Econometrics:
- Real-world questions, examples, and data centrally motivate and illustrate the authors' treatment of methodology and theory.
- Theory is closely fitted to the applications--illuminating the vitality and relevance of econometrics.
- Choice of topics--including an introduction to program evaluation; panel data methods; instrumental variables regression; and regression with time series data--reflects the best of contemporary applied econometrics.
- The prose style, highly praised by the manuscript reviewers, features intuitive explanations that emphasize conceptual approaches to understanding and that facilitate students' mastery of both basic and technical topics.
- "Key Concept" boxes throughout the text highlight and reinforce the essential ideas.
- General-interest sidebars provide additional interesting real-world examples, closely tied to the central ideas.
- Parts I-IV of the textbook, which cover all the core substantive material, are accessible to students with only precalculus mathematics.
- Part V, on introductory econometric theory, is suitable for those teaching a more rigorous basic course and for those teaching mathematical sections of undergraduate courses.
- Web site features include data sets, projects, software tutorials, suggested empirical exercises of differing scopes, and more.
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Reviewer Praise for Introduction to Econometrics:
"The presentation and exposition are really high quality. I think this text reads much better than other texts I have read.
From my reading of this text, I was pleasantly surprised to see how successful the authors were at their approach. I believe it works. They have stripped the essential math down to the bare bones in a way which is correct, but not excessively burdensome on the math-challenged, and hopefully conveys the intuition."
-Bruce Hansen, University of Wisconsin, Madison
***
"I can only say that the quality of presentation is great! The authors have a very clear picture of the intended audience and structure their arguments accordingly. I have yet to see a book that gives the intended reader more intuition and rigor in the same package. It is quite easy to read the book, and its organization helps both understanding and recall of the key topics.[The examples] are the main strength of the enclosed chapters. Introductory econometrics books often make the crucial mistake of using some trivial examples that do not illustrate real problems that empirical economists encounter. This book significantly improves upon its competition by using realistic examples, develops them in detail, and uses well-motivated and important econometric issues for this development."
-Mico Mrkaic, Duke University
***
"The overall quality of the presentation is excellent. I particularly like the authors' clean and uncluttered prose style; it makes the text very readable and comprehensible. Their exposition is both accurate and concise, with the result that it is substantially more reader friendly than most available introductory textbooks."-Michael Abbott, Queen's University, Canada
***
"The main strengths are the general presentation in terms of large sample theory, and the excellent use of [examples]. Quite a few undergraduates will surely read this book and say, "Wow, econometrics is easy after all!"-Marc Henry, Columbia University
***
"I found the manuscript to be...accessible, technically sound, careful about details, good at explaining assumptions, and written in a very readable style. It does a very good job of breaking difficult material into manageable pieces and writing [for] students who are first encountering the material. However, this does not mean that the authors have dumbed down the subject; they simply do an excellent job of explaining the concepts in terms undergraduates can comprehend."-Douglas Dalenberg, University of Montana
***
"I want to express my personal gratitude to the authors for providing us with a most important, modern, and innovative text in econometrics at the undergraduate level. This book fills an important gap."This is a very competently written text, and I am positively impressed. Its main strengths are its most innovative approach to teaching undergraduate econometrics, coverage of the most recent research in econometrics at an elementary level, extremely clear exposition of the subject matter, and high accessibility to students with knowledge of no more than high school algebra."
-Sunil Sapra, California State University, Los Angeles
***
"Quality of presentation is a real strength of the book. The authors are very effective in providing intuitive explanations, emphasizing conceptual approaches to technical material. Many students who would be confused by mathematical derivations will come away with a more solid understanding of econometrics by reading this text."-Robert McNown, University of Colorado
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