Econometrics  book cover
1st Edition


ISBN 9780415407090
Published October 28, 2004 by Routledge
276 Pages

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Book Description

Originally published in 1951, this volume reprints the classic work written by one of the leading global econometricians.
Econometrics is structured as followed:
Part 1 explains the relationship of Econometrics to Economics and Statistics.
Part 2 outlines the process of formulating economic hypotheses mathematically and of subjecting them to a statistical test.
Part 3 deals with the various component equations of the economic system - the psychic reactions, technical relations and reactions of business life and describes the process of setting up an economic model of the system as a whole.
Part 4 llustrates the use of econometric methods for policy purposes.

Table of Contents

Part 1: Introduction  1. The Relationship of Econometrics to Economics and Statistics  Part 2: The Working Methods of Econometrics  2. Mathematical Formulation  3. Statistical Testing  Part 3: Results of Econometric Research  4. The Psychic Reactions  5. The Technical Relations  6. Reactions of Business Life  7. The Functioning of Economic Systems  Part 4: Economic Policy  8. The Use of Economic Research for the Purpose of Economic Policy

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'Valuable as a means of getting the main ideas and the logical structure of the subject into the mind of a beginner.' - C.F. Carter, The Economic Journal