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Introductory Econometrics: A Modern Approach
Gain an understanding of how econometrics can answer today's questions in business, policy evaluation and forecasting with Wooldridge's INTRODUCTORY ECONOMETRICS: A MODERN APPROACH, 7E. Unlike traditional texts, this book's practical, yet professional, approach demonstrates how econometrics has moved beyond a set of abstract tools to become genuinely useful for answering questions across a variety of disciplines. The author has organized the book's presentation around the type of data being analyzed with a systematic approach that only introduces assumptions as they are needed. This makes the material easier to understand and, ultimately, leads to better econometric practices. Packed with relevant applications, the text incorporates more than 100 data sets in different formats. Updates introduce the latest developments in the field, including the recent advances in the so-called "causal effects" or "treatment effects," to provide a complete understanding of the impact and importance of econometrics today.
816 pages, Hardcover
First published January 1, 1999
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Displaying 1 - 28 of 28 reviews
June 11, 2019
Perfect introduction to econometrics. Very well written. It covers all relevant topics for an empirical research. You start as a novice and at the end you can perform serious research and understand the papers based on econometric approach. Few sub-chapters and may be chapters 17 and 18 are hard to follow but otherwise you can have a fun reading the textbook. I would highlight chapter 8 on heteroskedasticity, chapters 13 and 14 on pooled crossed section and panel data, or chapter 15 on Insturmetal variables. You can read them as a novel. You will want to read them through before going to bed and you will be tempted to start some empirical project asap.
September 2, 2018
Having already read Stock and Watson's econometrics book, I do say that I found Wooldridge's simultaneously (1) more technical and challenging and (2) ultimately more useful, especially when working with the provided datasets (if you have R, go ahead and install the 'wooldridge' package when reading this book). Both books covered the same material more-or-less, but I guess it is a question of where your interests and prior knowledge of applied probability and statistics are at before taking a course in econometrics.
May 31, 2012
Simply the best undergraduate econometrics textbook available. Formal treatment, complete coverage of most important topics, and some extra math for those inclined (in the appendices).
December 18, 2017
Dense and unapproachable in subject matter, sure, but also in style and presentation, which rendered this book impossible to learn from. Thanks, internet, for providing this information in clearer and cheaper fashion.
December 12, 2017
This has been a widely used econometric textbook for a good reason. Econometrics can be a rather daunting subject to learn, but the author does a great job breaking down the seemingly complex formulae in a clear and succinct way coupled with well-chosen examples that help readers think through the underlying notions. I would no doubt strongly recommend this book to anyone who wants an accessible introduction to the subject.
May 25, 2023
One entire reading of this textbook equips you with the fundamentals of econometric modelling at the undergraduate level, to which you could begin simple empirical projects with OLS, panel data regressions, time series regressions and more.
Wooldridge goes into the details of modelling and the implications of the formulae to a deeper level than Stock&Watson, with concepts slightly above the bachelor level kept to the chapter appendixes. Many details mentioned in the book are necessary for a full-term course in econometrics, but it sheds light on the complexities of the statistics used that perhaps will not be approached unless in a grad-school class.
If you want a firm and structured understanding of fundamental econometrics, I recommend none other than Wooldridge's rendition of his most excellently elaborated field.
Wooldridge goes into the details of modelling and the implications of the formulae to a deeper level than Stock&Watson, with concepts slightly above the bachelor level kept to the chapter appendixes. Many details mentioned in the book are necessary for a full-term course in econometrics, but it sheds light on the complexities of the statistics used that perhaps will not be approached unless in a grad-school class.
If you want a firm and structured understanding of fundamental econometrics, I recommend none other than Wooldridge's rendition of his most excellently elaborated field.
July 6, 2019
A great book for learning regression analysis, even for those whose topic is not related to economy (like me).
I only read a section here and a few pages there, but this book helped me out a lot.
It answered a lot of specific questions I had about dummy variables, dealing with heteroskedasticity and others. Some tests are explained in a nice step-by-step manner so that they are easily implementable if no code is available for the platform of your choice.
I can absolutely recommend it.
I only read a section here and a few pages there, but this book helped me out a lot.
It answered a lot of specific questions I had about dummy variables, dealing with heteroskedasticity and others. Some tests are explained in a nice step-by-step manner so that they are easily implementable if no code is available for the platform of your choice.
I can absolutely recommend it.
April 18, 2020
Thoroughly enjoyed this textbook, which I read instead of going to lectures/ watching videos.
December 24, 2018
Now, THIS is the real textbook. Author really know what's up. I personally think it is well written in format (at least compared to PMBOK). Author provide the fundamental logic or assumption clearly for every approach. Don't understand the theoretical mathematics equation? Fine, juts look at the example and you will get better understanding. Framework for each chapter is also explained flawlessly. Of course for some reason people felt that content is definitely a bit dense. But hey, it's just like the other textbook. Other think is that, a basic knowledge of statistic would be advantageous before start reading this book since I think that statistic in the appendix is not sufficient to help someone new into this.
I'm interested in knowing more about econometrics.
I'm interested in knowing more about econometrics.
April 20, 2020
The whole book is written in a clear and lucid language. Previously, I read Gujrati's book and became frustrated with econometrics. I got A in my graduate Econometrics course at USF using this book. Many of my confusions was cleared. Certainly , this is good for undegrad and masters, not suitable for PhD( as PhD requires more rigorous texts). Btw, plenty of examples to count.
November 16, 2022
I like that Wooldridge has uploaded all his datasets on the wooldridge R package. This makes it easy to load the datasets and follow along to try out coding the various computer questions he has at the end of each chapter.
June 4, 2018
Must've read this mess three times now. Can't say that I had a good time. Nor that it was as straightforward as it could've been.
August 3, 2020
Knowledgeble!!!
An important and valuable text book for those who want to learn the basics about Econometrics.
Recommended for every economist.
An important and valuable text book for those who want to learn the basics about Econometrics.
Recommended for every economist.
February 26, 2021
This is my first review, only because I believe this book deserves every bit of acclaim. Very very good book! Anyone who wants to "understand" econometrics, go for this book.
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March 31, 2021To be honest, I didn't read all that much of this one. Hence no rating given. This is just for 'records', lol.
April 10, 2021
This book is good for starters. Not so mathematical but more on intuition. If you've finished this already, it's time to level up haha!
September 26, 2021
This is truly an incredible book - especially the way how chapters are organized and presented. The narrative followed in this book makes everyone understands econometrics.
April 13, 2024
I found this book boring even by the standards of econometrics textbooks. Quite possibly I’m the problem
September 26, 2012
I use this book instead of the required text my lecturer suggested, but it gives me more than I hope. Difficult definitions, formula, models are explained in detailed and clearly although Woolridge cancelled mostly rigorious proofs. However, my course focuses on practicing (applied econ) so it's still ok. :-)
The appendix is pretty helpful to review statistical problems in comparison with its length.
The appendix is pretty helpful to review statistical problems in comparison with its length.
April 10, 2007
OK, I didn't actually read this one... :)
September 30, 2010
this book most help to study, and give me more trick... ^_^
August 27, 2012
Legible, but rough on the eyes...
May 28, 2013
Awesome!
No need to look further, this is exactly what you need to make sense out of econometrics!
No need to look further, this is exactly what you need to make sense out of econometrics!
December 15, 2015
This book was very confusing. I think some more illustrations and charts would have helped make some of the theoretical stuff easier to understand.
October 2, 2019
Very clear
November 16, 2023
Đọc điên đầu, quắn quéo não.
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September 13, 2007god I hate this book
Displaying 1 - 28 of 28 reviews