Elements of Econometrics: Second Edition / Edition 2

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This classic text has proven its worth in university classrooms and as a tool kit in research--selling over 40,000 copies in the United States and abroad in its first edition alone. Users have included undergraduate and graduate students of economics and business, and students and researchers in political science, sociology, and other fields where regression models and their extensions are relevant. The book has also served as a handy reference in the "real world" for people who need a clear and accurate explanation of techniques that are used in empirical research.

Throughout the book the emphasis is on simplification whenever possible, assuming the readers know college algebra and basic calculus. Jan Kmenta explains all methods within the simplest framework, and generalizations are presented as logical extensions of simple cases. And while a relatively high degree of rigor is preserved, every conflict between rigor and clarity is resolved in favor of the latter. Apart from its clear exposition, the book's strength lies in emphasizing the basic ideas rather than just presenting formulas to learn and rules to apply.

The book consists of two parts, which could be considered jointly or separately. Part one covers the basic elements of the theory of statistics and provides readers with a good understanding of the process of scientific generalization from incomplete information. Part two contains a thorough exposition of all basic econometric methods and includes some of the more recent developments in several areas.

As a textbook, Elements of Econometrics is intended for upper-level undergraduate and master's degree courses and may usefully serve as a supplement for traditional Ph.D. courses in econometrics. Researchers in the social sciences will find it an invaluable reference tool.

A solutions manual is also available for teachers who adopt the text for coursework.

Jan Kmenta is Professor Emeritus of Economics and Statistics, University of Michigan.

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Product Details

  • ISBN-13: 9780472108862
  • Publisher: University of Michigan Press
  • Publication date: 11/1/1997
  • Edition description: New Edition
  • Edition number: 2
  • Pages: 800
  • Product dimensions: 6.20 (w) x 8.90 (h) x 1.90 (d)

Table of Contents

1 Introduction to Statistical Inference 3
2 Experimental Derivation of Sampling Distributions 19
3 Probability and Probability Distributions 32
4 Theoretical Derivation of Sampling Distributions 77
5 Test of Hypotheses 110
6 Estimation 155
7 Simple Regression 203
8 Violations of Basic Assumptions 260
9 Estimation with Deficient Data 346
10 Multiple Regression 392
11 Formulation and Estimation of Special Models 460
12 Generalized Linear Regression Model and Its Applications 607
13 Simultaneous Equation Systems 651
App. A Algebra of Summations 735
App. B Elements of Matrix Algebra 738
App. C Asymptotic Distributions in Regression Models with Stochastic Explanatory Variables 749
App. D Statistical Tables 758
App. E The Greek Alphabet 771
Index 773
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Sort by: Showing all of 2 Customer Reviews
  • Anonymous

    Posted July 29, 2013

    Great. How do I buy it? Don't you have two click shopping?

    Great. How do I buy it? Don't you have two click shopping?

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  • Posted November 5, 2009

    more from this reviewer

    The Masterwork in Econometrics

    I had the pleasure of studying with Professor Kmenta at the University of Michigan. Kmenta would begin his graduate course in econometrics with a set of definitions:

    * An Economic Historian goes into a dark room looking for a black cat.
    * An Economic Theorist goes into a dark room looking for a black cat that is not there.
    * An Econometrician goes into a dark room looking for a black cat that is not there and declares: "I found it!"

    The rest of the course (and the three that followed) was devoted to an arduous study of the theory and practice that would keep us from making any such a mistake. With humor Kmenta could shoulder the futility of his quest, but he could not abide those who mistook shortcuts for progress.
    See http://tinyurl.com/ydeld8e

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