Understanding Modern Econometrics
نویسنده
چکیده
Econometrics has become an integral part of training in modern economics and business. Together with microeconomics and macroeconomics, econometrics has been taught as one of the three core courses in most undergraduate and graduate economic programs in North America. In China, the importance of econometrics has been increasingly recognized and econometric tools and methods have been widely employed in empirical studies on Chinese economy. However, there is a substantial gap between Chinese econometrics and modern econometrics. There still exists conceptual misunderstanding of econometrics among Chinese economic profession, and there exist some problems in Chinese econometric teaching and research. This paper discusses the philosophy and methodology of econometrics, the roles and limitations of econometrics, and the di¤erences between econometrics and mathematical economics as well as mathematical statistics. A variety of illustrative econometric examples are given, which cover various elds of economics and nance The paper also suggests how to improve and strengthen econometric teaching and research in China.
منابع مشابه
Lecture Notes on ADVANCED ECONOMETRICS
Econometrics has become an integral part of training in modern economics and business. Together with microeconomics and macroeconomics, econometrics has been taught as one of the three core courses in most undergraduate and graduate economic programs in North America. In China, the importance of econometrics has been increasingly recognized and econometric tools and methods have been widely emp...
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