An Introduction To Applied Econometrics

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9780312235130: An Introduction To Applied Econometrics

Covering the essential elements of the subject of econometrics, the author also introduces and explains techniques that are now widely used in applied work, although rarely introduced in detail in non-specialist texts, such as integrated time series, cointegration, simulation analysis, Johansen's Approach to multivariate co-integration and ARCH. The author explains the central distinction between stationary and nonstationary time series, which is of crucial importance in many areas of analysis, especially in macroeconomics and financial economics.

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About the Author:

KERRY PATTERSON is Professor of Econometrics at the University of Reading. He was previously Economist and Consultant Senior Economic Adviser at the Bank of England.

Review:

...I believe this is the kind of book that could be adopted by all undergraduates that are taking courses involving econometrics....No text other than this one gives such comprehensive coverage. This text has an excellent chance of filling a gap in the market and quickly establishing itself as a main player.' - Steve Leybourne, Professor of Econometrics, University of Nottingham

'An Introduction to Applied Econometrics is terrific.' - Tamer Kulaksizoglu

'This is a book with a strong applied focus and stress on accessibility...Patterson shows a helpful ability to explain things simply without compromising accuracy...the text is replete with references to actual data and a hefty section is given over to detailed exploration of four macroeconomic applications. The laudable aim is to bring the advances of the past 20 years in time series econometrics to the attention of the prospective applied economist, and this is an aim that it deserves to achieve.' - Ian Preston, Times Higher Educational Supplement

'...a godsend! a portable supervisor...this has filled a much needed void.' - student, Bristol University

'I've finally found the book I need, like a long lost friend.' - Harry Kerwin, student at the University of Malta

'It is an impressive book and I plan to use it in a course in Applied Econometrics.' - Professor D.N. Gujarati, Professor of Econometrics, West Point Military Academy

'It is well written and very user friendly. Many people attempting to come to terms with econometrics find the extensive use of matrix algebra in so called 'introductory texts' very difficult so that to find modern econometrics taught in such an accessible format should make your text a winner.' - Dr John C.B. Cooper, Glasgow Caledonian University

'...Patterson writes in a persuasive, clear and authoritative style which will appeal widely to students. A particular strength of the book is its clear exposition of the most modern of techniques, backed up with solid and relatively practical discussions of applications...I would personally adopt this book.' - David Sapsford, Professor of Econometrics, Lancaster University

Praise for the textbook website to accompany this text:'Great, a free economics website with class!' - Liam Daley, Student, Cambridge University

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