Econometrics is the combined study of economics and statistics and is an ‘applied’ unit. It is increasingly becoming a core element in finance degrees at upper levels. This first local adaptation of Wooldridge’s text offers a version of Introductory Econometrics with a structural redesign that will better suit the market along with Asia-Pacific examples and data. Two new chapters at the start of the book have been developed from material originally in Wooldridge’s appendix section to serve as a clear introduction to the subject and as a revision tool that bridges students’ transition from basic statistics into econometrics. This adaptation includes data sets from Australian and New Zealand, as well as from the Asia-Pacific region to suit the significant portion of finance students who are from Asia and the likelihood that many graduates will find employment overseas.
Part 1: Introduction and review
1. The Nature of Econometrics
2. Basic Mathematical tools
3. Statistical Principles
Part 2: Regression analysis with cross-sectional data
4. The simple regression model
5. Multiple regression model: estimation
6. Multiple regression analysis: inference
7. Model specification
8. Specification
9. Heteroskedasticity
Part 3: Regression analysis with time series data
10. Basic regression analysis with time series data
11. Serial Correlation and Heteroskedasticity in Time Series Regressions
12. Spurious Correlation and Non-stationary time series
Appendices: A-D/E? Solutions and tables + Savin & White tables.
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Jeffrey M. Wooldridge
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 an assistant professor of economics at the Massachusetts Institute of Technology. He 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. He has published more than 60 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, second edition. His awards include an Alfred P. Sloan Research Fellowship, the Plura 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. He is a fellow of the Econometric Society and of the Journal of Econometrics. He is past editor of the Journal of Business and Economic Statistics, and past econometrics coeditor of Economics Letters. He has served on the editorial boards of Econometric Theory, the Journal of Economic Literature, the Journal of Econometrics, the Review of Economics and Statistics, and the Stata Journal. He has also acted as an occasional econometrics consultant for Arthur Andersen, Charles River Associates, the Washington State Institute for Public Policy, Stratus Consulting, and Industrial Economics, Incorporated.
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Mokhtarul Wadud
Dr Mokhtarul Wadud is a Senior lecturer, School of Accounting and Finance at Deakin University, Geelong. He has many years’ teaching experience with previous full-time academic positions at Monash University and University of Rajshahi (Bangladesh), and is widely published in various international journals in the areas of productivity, efficiency and empirical econometric modelling. Mokhtarul’s PhD was awarded by Uni of Wollongong in 2001; in 2005 he attained a Grad Cert of Higher Education from Deakin. His teaching interests include Business and Financial Forecasting, Analytical Methods in Economics, Finance Microeconomics and Public Finance and Economics. Research interests include Productivity and Efficiency Analysis, Energy and Resource Economics, International Trade Empirics, Time Series Econometric Modelling and Forecasting, and Poverty and Social Development.
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Jenny Lye
Associate Professor Jenny Lye holds the rank of Reader/Associate Professor in the Department of Economics at the University of Melbourne. She has an extensive international publication record in the areas of theoretical and applied econometrics and statistics. Her recent research also includes publications in the statistical analysis of issues in tertiary education. Jenny’s current teaching includes Introductory Econometrics and the Economics Research report. Jenny’s qualifications are Doctor of Philosophy, University of Canterbury, (1991) Master of Arts, University of Canterbury (1986), Bachelor of Arts, University of Canterbury (1985). Research interests include Applied Econometrics (Range of Equilibria), Applied Econometrics (Quantitative analysis of teaching and learning in higher education in economics and commerce), Theoretical Econometrics (Fieller, Nonlinearities), Applied Econometrics (health, wages, economics of happiness). Jenny is a member of The Economic Society of Australia.
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Streamlined for an introductory single-semester unit, keeping the information concise and relevant for students and lecturers.
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Re-organised material to better suit local students, along with Asia-Pacific examples and data.
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Running case with data-sets for Asia-Pacific context – Pokies – to give students a greater sense of context.
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EViews and other data set formats give the book an applied and practical focus.
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Opening chapters offer background material on introductory mathematics, probability and statistics, providing context for students who have not previously been introduced to this material, or as a brief review for those who have.
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A distinctive feature is the inclusion of a section in Chapter 1 on the importance of computer generated graphs. These visualization techniques have become important tools in the preliminary analysis of data.
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The Durbin-Watson critical value table has been added in the appendix
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Each chapter includes computer exercises based on data sets from Australasia, allowing students to examine and replicate econometric analyses drawn from recently published research.
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End-of-chapter problems and computer exercises are oriented toward empirical work, rather than complicated derivations, so that students can reason carefully based on what they have learned.
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A set of brand new locally-focused multiple choice questions accompanies every chapter.
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The extensive glossary at the end of each chapter with short definitions and descriptions is a helpful refresher for students studying for exams or reading empirical research that uses econometric methods
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End of book Appendices extend on chapter theory, provide statistical tables and provide solutions to end of chapter Problems.
Artwork from Wooldridge Introductory Econometrics: Asia Pacific Edition
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Data Sets for Wooldridge Introductory Econometrics: Asia Pacific Edition (Instructors Only)
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Instructor's Manual for Wooldridge Introductory Econometrics: Asia Pacific Edition
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Introductory Econometrics: Asia Pacific Edition Printed Access Card for 12 Months
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PowerPoint Slides for Wooldridge Introductory Econometrics: Asia Pacific Edition
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Search Me! Economics
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Test Bank for Wooldridge Introductory Econometrics: Asia Pacific Edition
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