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Introductory Econometrics: A Modern Approach

By Jeffrey M. Wooldridge

7th Edition © 2020
Discipline:Economics
Course:Econometrics
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Give students an understanding of how econometrics can answer questions in business, policy evaluation and forecasting with Wooldridge's INTRODUCTORY ECONOMETRICS: A MODERN APPROACH, 7E. Students see the importance of what they're learning as this practical, yet professional, approach demonstrates how today's empirical researchers apply econometric methods to answer questions across a variety of disciplines.

The author organizes information around the type of data being analyzed and uses a systematic approach that introduces assumptions only when needed to obtain a certain result, making it easier for students to follow. Updated applications and examples demonstrate impact on today's policy and support or disprove contemporary economic theories. More than 100 data sets are available in different formats. MindTap resources, a comprehensive Instructor's Manual, PowerPoint® and Scientific Word® slides and a Data Set Handbook are available to support your teaching.

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About this product

Give students an understanding of how econometrics can answer questions in business, policy evaluation and forecasting with Wooldridge's INTRODUCTORY ECONOMETRICS: A MODERN APPROACH, 7E. Students see the importance of what they're learning as this practical, yet professional, approach demonstrates how today's empirical researchers apply econometric methods to answer questions across a variety of disciplines.

The author organizes information around the type of data being analyzed and uses a systematic approach that introduces assumptions only when needed to obtain a certain result, making it easier for students to follow. Updated applications and examples demonstrate impact on today's policy and support or disprove contemporary economic theories. More than 100 data sets are available in different formats. MindTap resources, a comprehensive Instructor's Manual, PowerPoint® and Scientific Word® slides and a Data Set Handbook are available to support your teaching.

DATA SETS IN DIFFERENT FORMATS OFFER FLEXIBILITY. Introduce students to the information they need to complete assignments using the format you prefer. This edition's more than 100 data sets provide information in different formats: R, Stata®, Minitab®, Excel®, and EViews. Instantly access data in the format you prefer to use while teaching. All data sets are available on the book's companion website. EXPANSIVE DATA SETS OFFER VARIED OPPORTUNITY FOR HANDS-ON PRACTICE. This edition's large and varied data sets, available in different formats (R, Stata®, Minitab®, Excel®, and EViews), give your students practical experience working with statistics in an engaging assortment of real business situations. For your convenience, the more than 100 data sets are available on the book's companion website.

UPDATED DATA SET HANDBOOK MAKES USING THE DATA SETS SIMPLE AND CONVENIENT. This unique online handbook, created by the book's author and available on the book's website, lists all data sets from the latest edition of the text for quick reference. Each data set entry indicates the original source, when possible and lists where the data appears in the text. When applicable, the handbook guides you in using the data set to generate new homework exercises, exam problem or term projects. The author also provides suggestions on improving the data sets.

REVISED INSTRUCTOR'S MANUAL WITH SOLUTIONS SAVES TIME IN PREPARATION AND GRADING. The online Instructor's Manual with solutions contains answers to all exercises in this edition. Teaching tips provide suggestions for presenting each chapter's material. The Instructor's Manual also contains sources for each of the data files with suggestions for using the data to develop problem sets, exams, and term papers. The Instructor's Manual is password-protected and available for download on the book's companion website.

COMPREHENSIVE COVERAGE ENSURES UNDERSTANDING IN CRITICAL AREAS OF ECONOMETRICS. This edition continues to offer trusted, comprehensive coverage with expanded discussions of prediction after transformation, missing data, unbalanced panel data sets, weak instruments and causal effects.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Preface
Acknowledgments
About the Author
Chapter 1. The Nature of Econometrics and Economic Data*Preview this chapter
Part 1. Regression Analysis with Cross-Sectional Data
Part 2. Regression Analysis with Time Series Data
Part 3. Advanced Topics
Math Refresher A. Basic Mathematical Tools
Math Refresher B. Fundamentals of Probability
Math Refresher C. Fundamentals of Mathematical Statistics
Advanced Treatment D. Summary of Matrix Algebra
Appendix E. The Linear Regression Model in Matrix Form
Appendix F. Answers to Going Further Questions
Appendix G. Statistical Tables
Show more

Chapter 1. The Nature of Econometrics and Economic DataPreview this chapter ↗

1-1. What Is Econometrics? ↗
1-2. Steps in Empirical Economic Analysis ↗
1-3. The Structure of Economic Data
Preview this section ↗
1-3a. Cross-Sectional Data ↗
1-3b. Time Series Data ↗
1-3c. Pooled Cross Sections ↗
1-3d. Panel or Longitudinal Data ↗
1-3e. A Comment on Data Structures ↗
1-4. Causality, Ceteris Paribus, and Counterfactual Reasoning ↗
Summary ↗
Key Terms ↗
Problems ↗
Computer Exercises ↗

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