An engaging and practical introduction to econometrics, Real Econometrics: The Right Tools to Answer Important Questions, offers thorough coverage of the most frequently used methods of analysis. Grounded in contemporary understandings of causal inference, the text invites students to extract meaningful information about important economic policy issues from available data. Bailey's emphasis on practical applications, combined with a lively and conversational narrative and a diverse array of examples and case studies, provides students with a solid foundation in the analytical tools they will use throughout their academic and professional careers. The second edition includes new conceptual exercises, revised appendices, and additional code and guidance for R software.
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Bailey has written an excellent and unique text that can serve students in a wide range of fields-not just economics-as well as practitioners who need a refresher or an introduction to more advanced methods. The conversational style and emphasis on motivation and intuition over mathematical detail, together with engaging examples and case studies, make this text highly accessible and a pleasure to read." (Martjin van Hasselt, University of North Carolina-Greensboro)
Real Econometrics is extremely current; accessible for undergraduate students with different backgrounds; and it includes useful code in both STATA and R." (David Vera, California State University)
This text covers the basics of the modern (reduced-form & frequentist) toolbox in the context of real-world applications. The second half of the text is a very good introduction to fixing problems identified with the OLS model identified in the first half." (James Bland, The University of Toledo)
A wonderful book for the price. Your students will be able to understand the materials and will actually use the material in this book." (Phillip Mixon, Troy University)
Real Econometrics is a user-friendly and application-oriented textbook for basic econometrics; quite comparable to Gujarati's Essential Econometrics." (Kwang Soo Cheong, Johns Hopkins University)
Michael A. Bailey is the Interim Dean of the McCourt School of Public Policy and the Colonel William J. Walsh Professor of American Government at Georgetown University. He teaches and conducts research on American politics and political economy. His work covering trade, Congress, election law and the Supreme Court, methodology, and inter-state policy competition has been published in the American Political Science Review, the American Journal of Political Science, the Journal of Politics, World Politics, the Journal of Law, Economics, and Organization, among others.
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