Econometrics is the combined study of economics and statistics and is an ‘applied’ unit. It is increasingly becoming a core element in finance degrees at upper levels.

This first local adaptation of Wooldridge’s text offers a version of Introductory Econometrics with a structural redesign that will better suit the market along with Asia-Pacific examples and data. Two new chapters at the start of the book have been developed from material originally in Wooldridge’s appendix section to serve as a clear introduction to the subject and as a revision tool that bridges students’ transition from basic statistics into econometrics.

This adaptation includes data sets from Australian and New Zealand, as well as from the Asia-Pacific region to suit the significant portion of finance students who are from Asia and the likelihood that many graduates will find employment overseas.

Part 1: Introduction and review
1. The Nature of Econometrics
2. Basic Mathematical tools
3. Statistical Principles
Part 2: Regression analysis with cross-sectional data
4. The simple regression model
5. Multiple regression model: estimation
6. Multiple regression analysis: inference
7. Model specification
8. Specification
9. Heteroskedasticity
Part 3: Regression analysis with time series data
10. Basic regression analysis with time series data
11. Serial Correlation and Heteroskedasticity in Time Series Regressions
12. Spurious Correlation and Non-stationary time series
Appendices: A-D/E? Solutions and tables + Savin & White tables.

Econometrics is the combined study of economics and statistics and is an ‘applied’ unit. It is increasingly becoming a core element in finance degrees at upper levels. This first local adaptation of Wooldridge’s text offers a version of Introductory Econometrics with a structural redesign that will better suit the market along with Asia-Pacific examples and data. Two new chapters at the start of the book have been developed from material originally in Wooldridge’s appendix section to serve as a clear introduction to the subject and as a revision tool that bridges students’ transition from basic statistics into econometrics. This adaptation includes data sets from Australian and New Zealand, as well as from the Asia-Pacific region to suit the significant portion of finance students who are from Asia and the likelihood that many graduates will find employment overseas. Re-organised material to better suit local students, along with Asia-Pacific examples and data. Running case with data-sets for Asia-Pacific context – Pokies – to give students a greater sense of context. EViews and other data set formats give the book an applied and practical focus. Opening chapters offer background material on introductory mathematics, probability and statistics, providing context for students who have not previously been introduced to this material, or as a brief review for those who have. A distinctive feature is the inclusion of a section in Chapter 1 on the importance of computer generated graphs. These visualization techniques have become important tools in the preliminary analysis of data. The Durbin-Watson critical value table has been added in the appendix Each chapter includes computer exercises based on data sets from Australasia, allowing students to examine and replicate econometric analyses drawn from recently published research. End-of-chapter problems and computer exercises are oriented toward empirical work, rather than complicated derivations, so that students can reason carefully based on what they have learned. A set of brand new locally-focused multiple choice questions accompanies every chapter.