Synopses & Reviews
Introductory Econometrics: Intuition, Proof, and Practice attempts to distill econometrics into a form that preserves its essence, but that is acceptableand even appealingto the student's intellectual palate. This book insists on rigor when it is essential, but it emphasizes intuition and seizes upon entertainment wherever possible.
Introductory Econometrics is motivated by three beliefs. First, students are, perhaps despite themselves, interested in questions that only econometrics can answer. Second, through these answers, they can come to understand, appreciate, and even enjoy the enterprise of econometrics. Third, this text, which presents select innovations in presentation and practice, can provoke readers' interest and encourage the responsible and insightful application of econometric techniques.
In particular, author Jeffrey S. Zax gives readers many opportunities to practice proofswhich are challenging, but which he has found to improve student comprehension. Learning from proofs gives readers an organic understanding of the message behind the numbers, a message that will benefit them as they come across statistics in their daily lives.
An ideal core text for foundational econometrics courses, this book is appropriate for any student with a solid understanding of basic algebraand a willingness to use that tool to investigate complicated issues.
Review
"I like the emphasis on intuition. Particular strengths of this work include: accessible definitions, unique demonstrations of core ideas, novel examples to illustrate technical concepts, and a strong presentation of asymptotic theory and instrumental variables using simulations in place of formal derivations."
Jeff Desimone, University of Texas at Arlington and NBER
Synopsis
Introductory Econometrics attempts to distill econometrics into a form that preserves its essence, but that is acceptableand even appealingto the student's intellectual palate. Using select innovations in presentation and practice, this text aims to engage readers, familiarize them with basic econometrics, and encourage the responsible and insightful application of economic tools.
About the Author
Jeffrey Zax is Professor of Economics at the University of Colorado at Boulder. His research interests include labor economics, public economics, and urban economics. Zax regularly teaches the Econometrics course. He was twice awarded the Stanford Calderwood Teaching Excellence Award.