Introduction to Estimating Economic Models | 1:a upplagan

Thebook's comprehensive coverage onthe application of econometric methods to empirical analysis of economic issues is impressive. Ituncoversthe missing link between textbooks on economic theory and econometrics and highlightsthe powerful connection between economic theory and empirical analysis perfectly through exampleson rigorous experimental design. The use ofdata sets for estimation derived with the Monte Carlo method helps facilitate theunderstanding ofthe role of hypothesis testing applied to economic models. Topics covered in the book are: consumer behavior, producer behavior, market equilibrium, macroeconomic models, qualitative-response models, panel data analysis and time-series analysis. Key econometric models are introduced, specified, estimated and evaluated.The treatment onmethods of estimation in econometrics and the discipline of hypothesis testing makes it a must-have forgraduate students of economics and econometricsand aids theirunderstanding on how to estimate economic models and evaluate the results in terms of policy implications.