Introduction to Applied Econometrics

KERRY PATTERSON is Professor of Econometrics at the University of Reading. He was previously Economist and Consultant Senior Economic Adviser at the Bank of England.

• PART 1: FOUNDATIONS Economics and Quantitative EconomicsSome PreliminariesAn Introduction to Stationary and Non-Stationary Random VariablesPART 2: ESTIMATION AND SIMULATION A Review of Estimation and Model Building: The Bivariate CaseExtending Estimation and Model Building to Several RegressorsAn Introduction to Nonstationary Univariate Time Series ModelsDevelopments of Nonstationary Univariate Time Series ModelsStationarity and Nonstationarity in Single Equation Regression AnalysisEndogeneity and the Fully Modified OLS EstimatorPART 3: APPLICATIONS The Demand for MoneyThe Term Structure of Interest RatesThe Phillips CurveThe Exchange Rate and Purchasing Power ParityPART 4: EXTENSIONS Multivariate Models and CointegrationApplications of Multivariate Models Involving CointegrationAutoregressive Conditional Heteroscedasticity: Modelling Volatility.

'...I believe this is the kind of book that could be adopted by all undergraduates that are taking courses involving econometrics...No text other than this one gives such comprehensive coverage. This text has an excellent chance of filling a gap in the market and quickly establishing itself as a main player.' - Steve Leybourne, Professor of Econometrics, University of Nottingham 'An Introduction to Applied Econometrics is terrific.' - Tamer Kulaksizoglu 'This is a book with a strong applied focus and stress on accessibility...Patterson shows a helpful ability to explain things simply without compromising accuracy...the text is replete with references to actual data and a hefty section is given over to detailed exploration of four macroeconomic applications. The laudable aim is to bring the advances of the past 20 years in time series econometrics to the attention of the prospective applied economist, and this is an aim that it deserves to achieve.' - Ian Preston, Times Higher Educational Supplement '...a godsend! a portable supervisor...this has filled a much needed void.' - student, Bristol University 'I've finally found the book I need, like a long lost friend.' - Harry Kerwin, student at the University of Malta 'It is an impressive book and I plan to use it in a course in Applied Econometrics.' - Professor D.N. Gujarati, Professor of Econometrics, West Point Military Academy 'It is well written and very user friendly. Many people attempting to come to terms with econometrics find the extensive use of matrix algebra in so called 'introductory texts' very difficult so that to find modern econometrics taught in such an accessible format should make your text a winner.' - Dr John C.B. Cooper, Glasgow Caledonian University '...Patterson writes in a persuasive, clear and authoritative style which will appeal widely to students. A particular strength of the book is its clear exposition of the most modern of techniques, backed up with solid and relatively practical discussions of applications...I would personally adopt this book.' - David Sapsford, Professor of Econometrics, Lancaster University Praise for the textbook website to accompany this text: 'Great, a free economics website with class!' - Liam Daley, Student, Cambridge University