Learn econometrics through worked examples

Author: (White) Bai Shatieting Ye, translated by Qu Qiang
Publisher:
Publish Date: 2002-09-01
Features: This book concisely introduces the basic methods of econometrics and aims to enable readers to fully master them through practical examples. The author primarily intended the book for economics and business administration students who are beginners in econometrics, as well as for practical economic workers. As long as readers have a general grasp of high school-level mathematics, that is sufficient. No prior knowledge of statistics is required. Moreover, the scope of this book is not limited to "narrow econometrics"; it also includes "descriptive statistics" (chapters 1 and 2) and "input-output analysis" (chapter 9), which are frequently used in practical economic analysis. Therefore, it can also be considered an introductory textbook for "broad econometrics" (also known as "quantitative economic analysis"). Econometrics holds an extremely important position in applied economics courses, and it is undoubtedly clear to readers that no emphasis is needed from the author on this point. In recent years, econometric methods have been widely used in economic papers, reports, and white papers. Whether reading or writing such materials, knowledge of econometrics is indispensable.
Additionally, people often perceive econometrics as "difficult" or "hard to grasp." Why is this? The author believes that the reason for this perception lies in the significant gap between the theoretical study of econometrics and its practical application.
To bridge this gap, this book summarizes the basic methods of learning econometrics by solving examples drawn from real-life economic situations. Econometrics is a discipline that combines economic theory and statistics, as well as a highly practical field. Therefore, learning econometrics, just like learning statistics, requires continuously mastering "computational skills" and "application skills" (such as identifying what kind of problem to address, choosing the appropriate method, and how to apply it) through the analysis and application of examples in textbooks and economic data. Achieving true understanding, or what is known as "unity of knowledge and action," is extremely important. This book includes over 70 solved examples with detailed explanations (a small number of more complex examples are marked with an asterisk). Through studying this book, readers are expected to find it helpful in mastering practical econometrics.