Introduction to Econometrics Addison-Wesley Series in Economics: Amazon.co.uk: James H. Stock, Mark W. Watson: Books

Product Description

Designed for a first course in introductory econometrics, Introduction to Econometrics, reflects modern theory and practice, with interesting applications that motivate and match up with the theory to ensure students grasp the relevance of econometrics. Authors James H. Stock and Mark W. Watson integrate real-world questions and data into the development of the theory, with serious treatment of the substantive findings of the resulting empirical analysis.

From the Back Cover

Introduction to Econometrics JAMES H. STOCK (Harvard University) & MARK W. WATSON (Princeton University)

“Econometrics opens a window on our complicated world that lets us see the relationship on which people, businesses, and governments base their decisions.” —From the Preface

In this new textbook by distinguished econometricians James H. Stock and Mark W. Watson, real-world questions and data from actual empirical studies “open a window” through which the vitality and relevance of econometrics come into clear focus. The breadth 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.

REVIEWER PRAISE FOR INTRODUCTION TO ECONOMETRICS:

“Stock and Watson have managed to bridge the gap between statistical technique and economic interpretation in a clean, clear, and concise manner.” —Òscar Jordà, University of California Davis

“The quality of the presentation is excellent - clear and understandable...This is, in my opinion, the best treatment I have ever seen to motivate the usefulness and relevance of the tools presented.” —Pierre Perron, Boston University

“The authors are very effective in providing intuitive explanations, emphasizing conceptual approaches to technical material...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, Boulder

“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 examples, developing them in detail, and using well-motivated and important econometric issues for this development.” —Mico Mrkaic, Duke University

--This text refers to an out of print or unavailable edition of this title.

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3 of 3 people found the following review helpful

Stock and Watson Minus 1 Jan 2006

By bm1729

Format:Paperback

This is a very good book. It consistently reviews econometrics without assuming homoscedasticity. It states theorems very accurately throughout, once in simple form, then more generally, and finally, in some cases, using matrix algebra.

But it fails in two ways, most surprising given these authors' pedigrees: first, the book gets to time-series very late and and achieves very little in time-series. Second, the exercises are such that a student can study the book without doing a single piece of applied econometrics.

A better book (at a slightly higher level) is Jeffrey M. Wooldridge's Introductory Econometrics.

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1 of 1 people found the following review helpful

Very good introduction to econometrics 7 May 2009

By expert chess player

Excellent introduction to all modern econometric topics.
For an econometric book, mathematics are kept to a minimum, except for the last two chapters. The authors have succeeded to provide good verbal explanations on the background and purpose of various econometric techniques. This is probably the best introduction available, with Menno Verbeek's book coming as a close second.
Two critical remarks: (1) The chapter on binary dependent variables might have been expanded, and coverage of other types of limited dependent variables would be welcome. (2) Sadly there are no answers provided for the excercises.

Fairly good introduction to Econometrics 29 May 2006

By S. Manoukian

This is a good starter for anyone wishing to fully understand some initial concepts of Econometrics before trying to tackle more advanced issues. Stock & Watson's book should only be used at the undergraduate level since it lacks in applied Econometrics. I really enjoyed the chapters on Regressions since they provided me with the necessary background to proceed to the graduate level.