Basic Econometrics:Gujarati and Porter’s Basic Econometrics provides an elementary but comprehensive introduction to econometrics without resorting to matrix algebra, calculus, or statistics beyond the elementary level.
by Damodar Gujarati
Price: N28900
Product Code: 1334568535
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Number of Pages: 944
Binding: Hard Cover
Publisher: McGraw-Hill/Irwin
ISBN: 0073375772
ISSN: 978-0073375779
Availability: To be delivered within 6 to 22 working days
Summary: I used this book during my first 2 courses of econometrics during the college. Yoo'll know, after reading the first chapters, everything about the basic tool in the field, ols (this could be seen as a problem, because you spend too much time studying too many details; an economist doesn't necessarily need such knowledge and an amateur econometrist should rather begin with a more concise manual). It's an "easy-to-read" book. Every standard student (like myself) should be able to understand everything even if he is going on his own. The problem with this book is that Gujarati wrote it 15 years ago (aprox.); the way of teaching econometrics has evolved, Gujarati's not. It's true; the recent re-editions of the book include several modern topics, such as time series and an introduction to unit roots. But the way regression problems (autocorrelation, heterocedasticity, etcetera) are treated isn't perfectly actualized. A much more modern approach and, as far as I know equally simple, can be found in Johnston and Dinardo's Econometric Methods. Gujarati's is a good idea for those wishing to learn econometrics, but there are better options, such as the one I already mentioned, the Greene and the Hill/Griffiths/Judge's. This book is much better than Maddala's. In conclusion I can say this book is a good option for undergraduate students, but not the best one.