Journals Higher Education



Published: 03 January 2019

656 Pages

7-1/2 x 9-1/4 inches

ISBN: 9780190857462

Also Available As:


Bookseller Code (04)

Real Econometrics

The Right Tools to Answer Important Questions

Second Edition

Michael Bailey

  • A lively and engaging narrative presents complicated topics in an informal and fun yet authoritative tone
  • A focus on the techniques economists use most often enables students to explore meaningful analysis much earlier than in other texts
  • A single unified framework, centered on the standard regression model, allows the narrative to build logically from one concept to the next
  • Examples and case studies demonstrate the application of econometric tools in concrete ways including the relationship between height and wages, education and economic growth, country music and suicides, crime and terror alerts, and alcohol use and grades
  • "Remember This" boxes at the end of each section summarize key points to help students keep track of the material that they just learned
  • A guide to computing at the end of every chapter with sample code for Stata and R
  • A wide variety of data-based exercises for each chapter--a total of 58 problems with 43 different data sets--gives students multiple opportunities to analyze real data sets on interesting topics

New to this Edition:

  • New sections, including one on time-series concepts
  • A revised appendix reviewing the basics of probability and statistics
  • New conceptual exercises to balance the majority mathematical problems
  • Additional code and guidance for R software

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