Introductory Econometrics: A Modern Approach [Hardcover]

Jeffrey Wooldridge (Author)

Book Description

ISBN-10: 0324113641 | ISBN-13: 978-0324113648 | Publication Date: July 11, 2002 | Edition: 2

Econometrics has moved from a specialized mathematical description of economics to an applied interpretation based on empirical research techniques - and the modern approach of this innovative book is proof. Introductory Econometrics bridges the gap between the mechanics of econometrics and modern applications of econometrics by employing a systematic approach motivated by the major problems currently facing applied researchers. Offering a solid foundation for social science research, the book provides important knowledge used for empirical work and carrying out research projects in a variety of fields.

Editorial Reviews

Review

The approach taken by the author is very refreshing, and I agree that his approach is more consistent with my common econometric practice.

This book helps minimize my effort in motivation and applications. I love the data availability and connectivity it provides. I am also less reluctant to teach undergraduate and early masters level courses given that this text can do a great deal of "handholding" of students on my behalf.

About the Author

Jeffrey M. Wooldridge is University Distinguished Professor of Economics at Michigan State University, where he has taught since 1991. From 1986 to 1991, he was Assistant Professor of Economics at the Massachusetts Institute of Technology. Dr. Wooldridge has published more than three dozen articles in internationally recognized journals, as well as several book chapters. He is also the author of Econometric Analysis of Cross Section and Panel Data. His awards include an Alfred P. Sloan Research Fellowship, the Multa Scripsit award from ECONOMETRIC THEORY, the Sir Richard Stone prize from the JOURNAL OF APPLIED ECONOMETRICS, and three graduate teacher-of-the-year awards from MIT. A fellow of the ECONOMETRIC SOCIETY and of the JOURNAL OF ECONOMETRICS, Dr. Wooldridge has been editor of the JOURNAL OF BUSINESS AND ECONOMIC STATISTICS and econometrics co-editor of ECONOMICS LETTERS, and he has served on the editorial boards of the JOURNAL OF ECONOMETRICS and the REVIEW OF ECONOMICS AND STATISTICS. Dr. Wooldridge received his bachelor of arts, with majors in computer science and economics, from the University of California, Berkeley, in 1982, and received his doctorate in economics in 1986 from the University of California, San Diego.

Product Details

• Hardcover: 896 pages
• Publisher: South-Western College Pub; 2 edition (July 11, 2002)
• Language: English
• ISBN-10: 0324113641
• ISBN-13: 978-0324113648
• Product Dimensions: 9.4 x 7.5 x 1.5 inches
• Shipping Weight: 3.4 pounds
• Average Customer Review: 4.9 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #474,327 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

24 of 32 people found the following review helpful:

4.0 out of 5 stars Did the trick ..., September 28, 2003

By 

Streakblondie "streakblondie" (Lower Hutt, Wellington New Zealand) - See all my reviews

This review is from: Introductory Econometrics: A Modern Approach (Hardcover)

As an undergraduate student, studying econometrics I advise that this book is a very (very) basic introduction to econometrics (one-step up from basic statistics, probabilities, etc).

One minus of the book, is that it lacks detailed examples of some of the key concepts (which is defintiely a must when you are learning something new) .... the concepts are detailed enough but it is always helpful to have a real world example of the concept.

Also, some of the chapters can induce learning overload and require intense concentration ... which I found to be quite annoying (as you do when you are a student). If the chapters were broken up a bit more, it would be a far easier read (see my recommendation below concerning an easier read).

However, the appendices are most excellent for review of key prior mathmatical knowledge (probabilities,statistics, etc) ... but you will likely need to know your "stuff" before you attempt to read this book (which is logical really).

If you are interested in econometrics but not so good with maths, I recommend purchasing Schaum's outlines: an introduction to mathematical economics by Edward T Dowling, as this is a most excellent, informative book with hundreds of worked through examples.

Additionally, I have also recently read "Learning and practising econometrics" by William E Griffiths et al, and this is a far easier read than Woolridges book ... but maybe that is because I have already read Woolridges book (just a thought).

At any rate whilst using this book, I passed my basic econometrics 200 level course, with a pleasing grade. So all in all, the book did do the trick!

Good luck, Kristina

8 of 10 people found the following review helpful:

5.0 out of 5 stars commment, September 11, 2003

By A Customer

This review is from: Introductory Econometrics: A Modern Approach (Hardcover)

I love this book even as a graduate student. It covers all the major issues in the fields and explains it more easily to understand than the graduate texts. I borrowed a copy and then decided to buy one.

5 of 6 people found the following review helpful:

5.0 out of 5 stars Great for Self-studying, December 3, 2006

By 

John Humble (Washington D.C.) - See all my reviews

Amazon Verified Purchase

This review is from: Introductory Econometrics: A Modern Approach (Hardcover)

This books is excellent read. It builds good intuition, and is well suited for self-studying. It is also not too mathematical, no matrix notation, good for undergraduate students or as a review for graduate students. I can truly recommmend it.