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[Keyword: Development] AND [All Books] (44)	27 Mar 2025	Run
Keyword: Econometrics (2)	27 Mar 2025	Run
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chapterFree Access
Chapter 1: Introduction to Econometrics
Foundations of Modern Econometrics17 Jul 2020
Preview Abstract
Econometrics has become an integral part of training in modern economics and business. Together with microeconomics and macroeconomics, econometrics has been taught as one of the three core courses in most undergraduate and graduate economic programs in the world. This chapter discusses the philosophy and methodology of econometrics in economic research, the roles and limitations of econometrics, and the differences between econometrics and mathematical economics as well as mathematical statistics. A variety of illustrative econometric examples are given, which cover various fields of economics and finance.
chapterFree Access
Chapter 1: Introduction to Probability and Statistics
Probability and Statistics for Economists26 Oct 2017
Preview Abstract
Probability perhaps has become the best analytic tool to describe any system involving uncertainties, and statistics provides a mathematical foundation to model situations involving uncertainty. As the beginning of this book, this chapter will introduce two fundamental axioms behind modern econometrics, emphasizes the important role of statistics in economics and also discusses the limitation of statistical analysis in economics.