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Book Description
From the Publisher
The importance of econometrics extends far beyond the discipline of economics. Read the first page Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most helpful customer reviews
5.0 out of 5 stars
undergraduate econometrics,
By
This review is from: Undergraduate Econometrics (Hardcover)
Book was better than described, and the service I received was outstanding. Book is not the best for examples but it works.
5.0 out of 5 stars
Very good for learning,
By The Blue Man (Oxford, OXON England) - See all my reviews
This review is from: Undergraduate Econometrics (Hardcover)
This book is a shortened version of "Learning and Practising Econometrics (1993)", which itself is a shortened version of "The Theory and Practice of Econometrics (1982)". Hill's "Undergraduate Econometrics" instills understanding by slowly going through derivations and principles, while at the same time motivating econometric analysis by referring to economic situations where it can be used. Much better than Gujarati (which tends to be a "cookery book" rather than giving an integrated treatment). The book both motivates the student and takes them through the steps and methods they will need to adopt in further econometric studies, and always provides a good reference (often to one of the parent books mentioned above) when it omits proofs and other details. The only weakness of the book reveals what is (to my mind) an unhealthy preoccupation with estimation issues, as opposed to those of data quality. As people like Granger have consistently pointed out, the real issues in 21st century econometrics have to do with what sort of data we have, and what methods are most appropriate in different situations. Despite this, Hill et al almost exclusively dwell on the identically and independently distributed (iid) specification. However, I should point out in the book's defence that this preoccupation is shared by most other introductory (and graduate) textbooks on econometrics. The book's good points far outweigh these weaknesses. Finally, the second edition has some updates, and discusses such developments as time series econometrics. "Undergraduate Econometrics" should definitely be purchased by anyone wishing to learn about modern empirical methods.
4.0 out of 5 stars
Excellent intuition BUT A POOR BRIDGE TO THE DREADFUL GREENE,
By A Customer
This review is from: Undergraduate Econometrics (Hardcover)
This book is the best book to use for the very first course in econometrics. It takes you by the hand to teach you all you need in terms of the basics.I only give it 4 stars for two reasons. First, while this book is non-mathematical (and I agree with that) it should have nonetheless appendices that make use of matrices and differential calculus. Second, this book is extremely expensive. This book can easily earn 5 stars if in the next edition it contains appendices that will create a bridge towards intermediate econometrics. A more reasonable price would also be welcomed. Overall, this is the best book to use for a very first course in econometrics. BUT BEWARE: THIS BOOK IS A POOR BRIDGE TO THE DREADFUL GREENE!!!!THE BEST BRIDGE IS "LEARNING AND PRACTICING ECONOMETRICS" BY THE SAME AUTHOURS OF "UNDERGRADUATE ECOMETRICS" I.E. HILL, GRIFFITHS, AND JUDGE. By the way, for those that are looking for a good substitue to "Undergraduate Econometrics", you have "Basic Econometrics" by Gujarati. Thank you,
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