Introductory Econometrics: Using Monte Carlo Simulation with Microsoft Excel [With CDROM]

This highly accessible and innovative text (and accompanying website: www.wabash.edu/econometrics) uses Excel (R) workbooks powered by Visual Basic macros to teach the core concepts of econometrics without advanced mathematics. It enables students to run monte Carlo simulations in which they repeatedly sample from artificial data sets in order to understand the data generating process and sampling distribution. Coverage includes omitted variables, binary response models, basic time series, and simultaneous equations. The authors teach students how to construct their own real-world data sets drawn from the internet, which they can analyze with Excel (R) or with other econometric software.

Author: Humberto Barreto, Frank Howland
Publisher: Cambridge University Press
Published: 12/26/2005
Pages: 800
Binding Type: Hardcover
Weight: 3.45lbs
Size: 10.20h x 7.30w x 2.00d
ISBN: 9780521843195

About the Author
Barreto, Humberto: - Humberto Barreto is DeVore Professor of Economics at Wabash College, Indiana. He received his Ph.D. from the University of North Carolina at Chapel Hill. Professor Barreto has lectured often on teaching economics with computer-based methods, including the National Science Foundation's Chautuqua program for short courses using simulation. He has received the Indiana Sears Roebuck Teaching Award and the Wabash College McLain-McTurnan Arnold Award for Teaching Excellence. The author of The Entrepreneur in Microeconomic Theory, Professor Barreto has served as a Fulbright Scholar in the Dominican Republic. He is the manager of electronic information for the History of Economics Society and the director of the opportunities to Learn about Business program at Wabash College.Howland, Frank: - Frank M. Howland is Associate Professor of Economics at Wabash College. He earned his PhD in Economics from Stanford University. Professor Howland was a visiting researcher at FEDEA on Madrid in 1995-6. His academic research focuses on college savings plans.