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Introduction to Estimating Economic Models (Routledge Advanced Texts in Economics and Finance)

By: Atsushi Maki (Author)

Manufacture on Demand

Ksh 48,150.00

Format: Hardback or Cased Book

ISBN-10: 041558986X

ISBN-13: 9780415589864

Collection / Series: Routledge Advanced Texts in Economics and Finance

Collection Type: Publisher collection

Publisher: Taylor & Francis Ltd

Imprint: Routledge

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Dec 1st, 2010

Publication Status: Active

Product extent: 224 Pages

Weight: 570.00 grams

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For beginning econometrics students or practitioners, the book illustrates the application of econometric methods to empirical analysis of economic issues perfectly. Its comprehensive treatment uncovers the missing link between economic theory and econometrics.

The book''s comprehensive coverage on the application of econometric methods to empirical analysis of economic issues is impressive. It uncovers the missing link between textbooks on economic theory and econometrics and highlights the powerful connection between economic theory and empirical analysis perfectly through examples on rigorous experimental design.  The use of data sets for estimation derived with the Monte Carlo method helps facilitate the understanding of the 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 on methods of estimation in econometrics and the discipline of hypothesis testing makes it a must-have for graduate students of economics and econometrics and aids their understanding on how to estimate economic models and evaluate the results in terms of policy implications.

 


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