The modern approach of this text recognizes that econometrics has moved from a specialized mathematical description of economics to an applied interpretation based on empirical research techniques. It bridges the gap between the mechanics of econometrics and modern applications of econometrics by employing a systematic approach motivated by the major problems facing applied researchers today. Throughout the text, the emphasis on examples gives a concrete reality to economic relationships and allows treatment of interesting policy questions in a realistic and accessible framework.
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This book helps minimize my effort in motivation and applications. I love the data availability and connectivity it provides. I am also less reluctant to teach undergraduate and early masters level courses given that this text can do a great deal of "handholding" of students on my behalf.
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