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Basic Econometrics, by Damodar N. Gujarati
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This is a thorough revision of the best-selling undergraduate Econometrics text.Accessible, complete, and student-oriented, Basic Econometrics is appropriate for first courses in Econometrics at all four-year colleges and universities.In addition to a first-rate text, students have access to the SHAZY student version of SHAZAM, an inexpensive version of a widely used econometrics package, as well as data sets (free on adoption to instructors) for problem and example material in the text.
- Sales Rank: #350288 in Books
- Published on: 2010-04-01
- Format: International Edition
- Original language: English
- Number of items: 1
- Dimensions: 1.20" h x 7.80" w x 9.90" l, 3.60 pounds
- Binding: Paperback
- 800 pages
About the Author
After teaching for more than 28 years at the City University of New York, He is currently a professor of Economics in the Department of Social Sciences at the U.S. Military Academy at West Point, New York. Dr. Gujarati received his M.Com. degree from the University of Bombay in 1960, his M.B.A. degree from the University of Chicago in 1963, and his Ph.D. degree from the University of Chicago in 1965. Dr. Gujarati has published extensively in recognized national and international journals, such as the Review of Economics and Statistics, the Economic Journal, the Journal of Financial and Quantitative Analysis, the Journal of Business, the American Statistician, and the Journal of Industrial and Labor Relations.
Most helpful customer reviews
2 of 3 people found the following review helpful.
Mediocre
By Matthew Bombyk
Although I don't have anything to compare it to, the book has several serious shortcomings.
First, the organization is poor. There are often appendices at the end of chapters, as well as at the end of the book, and the references to these can get very confusing. Also, the problems at the end of each chapter take up way too much space. The general rule is to put an entire table of data on the page for each problem, which often takes up an entire page or two, despite the fact that these data are also included electronically, and presumably if you are doing data analysis you will want to use the electronic version rather than hand-entering massive tables. So you often have chapters with 20+ pages of problems in between, few of which are very helpful, and they just get in the way.
Second, the problems seem pointless. The data often are not well explained, and the problems simply ask you to apply such-and-such test to the data, without really any background for interesting interpretation or useful insights. Clearly not much effort was put into these. As a whole the book was heavy on statistical tests and short on data analysis.
Another major problem, which might be unavoidable, is the continued use of scalar versions of linear regression models throughout the text. There is a brief review of linear algebra in the appendix, but this not taken advantage of, and so we get some extremely clumsy formulas for estimators at times, and generally an unnecessary amount of complexity that could be avoided by integration of matrix forms of the models.
Overall, there is a lack of clarity and flow. I did appreciate that the authors frequently explain concepts in several different ways, which can help in understanding. However, sometimes it's best just to get to the point, which is rare here.
Not recommended, especially for those who know basic matrix or linear algebra -- though I can't suggest any alternatives.
0 of 0 people found the following review helpful.
This may be listed as an undergrad textbook...
By ENU
...but it was invaluable for me in understanding the general principles of econometrics for my Master's level econometrics course. I consider myself to be just "okay" when it comes to statistics, and even though I had a semester of Master's level statistics prior to taking my econometrics course, I found myself as lost as ever when trying to read a higher level econometrics textbook that supposedly taught at an introductory level. Enter "Basic Econometrics", and my eyes were slowly opened to the beauty of statistics. Overall, I appreciate Gujarati's simple English approach, while remaining generally rigorous in overall coverage.
I would also recommend purchasing this international edition to save yourself some hard earned money.
0 of 0 people found the following review helpful.
Five Stars
By Aymonne
Good book :)
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