An Introduction to Classical Econometric Theory
Average customer rating: 4 out of 5 stars
  • Another excellent econometric textbook
  • nice
  • The book is OK, but not good really
  • Simply the Best
  • Econometrics finally makes sense!
An Introduction to Classical Econometric Theory
Paul A. Ruud
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Hardcover

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ASIN: 0195111648

Book Description

In An Introduction to Classical Econometric Theory Paul A. Ruud shows the practical value of an intuitive approach to econometrics. Students learn not only why but how things work. Through geometry, seemingly distinct ideas are presented as the result of one common principle, making econometrics more than mere recipes or special tricks. In doing this, the author relies on such concepts as the linear vector space, orthogonality, and distance. Parts I and II introduce the ordinary least squares fitting method and the classical linear regression model, separately rather than simultaneously as in other texts. Part III contains generalizations of the classical linear regression model and Part IV develops the latent variable models that distinguish econometrics from statistics. To motivate formal results in a chapter, the author begins with substantive empirical examples. Main results are followed by illustrative special cases; technical proofs appear toward the end of each chapter. Intended for a graduate audience, An Introduction to Classical Econometric Theory fills the gap between introductory and more advanced texts. It is the most conceptually complete text for graduate econometrics courses and will play a vital role in graduate instruction.

Customer Reviews:

5 out of 5 stars Another excellent econometric textbook.......2007-07-23

This is another good, modern textbook on parametric, cross-sectional econometrics (don't look for non/semi-parametric or time-series econometrics in here). It is, I think, in the same league as Wooldridge, which is however less technical and spends more time describing empirical applications. I think Ruud is a very nice addition to an econometric shelf. The notation is good, and the math/stat appendix is one of the best I have ever seen (the section on multivariate differentiation in particular is outstanding and very useful). Overall, if you want to have 3 *relatively* basic books on parametric cross-section econometrics, I think this is a good companion to Wooldridge and Cameron and Trivedi (a nice compendium of applied tools, which also includes some non-parametrics, for which the best introduction is likely Pagan and Ullah). If time-series is important to you, Hayashi is a good choice. As you may have guessed, I am not a big fan of Greene, which I do own but never look at.

2 out of 5 stars nice.......2006-02-04

here we have just another big graduate textbook. the style reminds me of simon/blume (brrrr): a lot of material, reader likes it, solves the excercises (ahh I'm doing econometrics) and is left without a clue. at least for me ;) I think most of the 1000 pages is quite useless. too many distracting pictures and the proofs are either 'technical' (i.e. boring and dispensable) or very intuitive. most of the details you forget anyway. hopefully, since i find all the padding very confusing. don't get me wrong, intuition is very good but the term is short and the next one is probably harder => buy a maths book instead!

1 out of 5 stars The book is OK, but not good really.......2001-09-01

I gave it a one-star to balance those biased 5 stars. The first part of the book is pretty good, intuitively explains what an OLS regression is really like geometrically. The second part of the book is just horrible. The author just goes on and on and on without being able to clearly explain the theories. The book is used in my program for one year and then stopped. Now we use Yamashi's book, which is much better.

5 out of 5 stars Simply the Best.......2001-01-19

I have just completed reading Professor Ruud's textbook from cover to cover. It is the clearest, most insightful graduate-level econometrics book I have read. Whereas many texts seem to be compendiums of theorems and proofs with little in the way of explanation, Ruud takes the time to explain things thoroughly. At over 800 pages, however, Ruud's book is never verbose. A good explanation takes time, but Ruud never takes more time than is needed. Yet, in addition to all concepts being thoroughly explained, they are introduced with practical examples, and--what is most amazing--the proofs are built up systematically in such a way that you can actually read though them and be enlightened rather than convinced.

Previous econometrics texts have a "Losing sight of the forest for the trees" sort of feel to them. Ruud's text, however, works like the old drill Seargent in the Kipling poem who explained his teaching method as "Firsts I tells 'em what I'ms goings to tells em; then I tells 'em; and then I tells 'em what's I tolds 'em." Ruud does this by first building up the fundamental concept of matrix projection. Then he demonstrates how that can be used to explain Ordinary Least Squares regression. Then he adds onto that all the common assumptions: independent, identically distributed errors; normality of the errors, etc. He builds things up one assumption at a time. And all the while he tells you what he's doing and why the content of each chapter matters and how it is related to what has come before and to what will come afterwards.

But, then--in a master stroke of pedagogy--he tears it all down. He starts taking away, one at a time, all the assumptions like normality that he just spent chapters building up and shows how econometricians deal with matters when they *do* in fact remove the standard assumptions. In this way he can introduce consistent estimators, non-linear regression, latent variables, and so on as what they were historically: practical solutions needed when the assumptions of the classical model fail to hold.

By systematically showing which assumptions imply which results and then showing how to deal with things when a given assumption fails to hold, Ruud's book produces a better econometrician. Too often have previous books left previous readers unable to really understand the art of data analysis, which involves taking a data set, seeing what assumptions can be fairly made about it, and then analyzing it given those fairly made assumptions.

Professor Ruud deserves many plaudits for writing what will surely become the standard text for the next generation of graduate students.

5 out of 5 stars Econometrics finally makes sense!.......2001-01-13

Econometrics seemed to me a technically demanding subject with results that are either magic (stated without derivation) or based on some arcane mathematical tricks. But after reading Ruud's textbook, econometrics finally makes sense. It provides a great exposition of graduate econometrics with all the main results and techniques clearly spelled out. Furthermore, it actually has derivations of the results. I also really like the emphasis on the geometry behind econometrics; it provides a systematic approach and the results even become intuitive.

So, if you want more than just a recipe book and actually understand econometrics, read this book!
An Introduction to Classical Econometric Theory.: An article from: Southern Economic Journal
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    An Introduction to Classical Econometric Theory.: An article from: Southern Economic Journal
    Christopher Cornwell
    Manufacturer: Southern Economic Association
    ProductGroup: Book
    Binding: Digital

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    ASIN: B0008HW1ZM
    Release Date: 2005-07-28

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    This digital document is an article from Southern Economic Journal, published by Southern Economic Association on April 1, 2001. The length of the article is 1725 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

    Citation Details
    Title: An Introduction to Classical Econometric Theory.
    Author: Christopher Cornwell
    Publication: Southern Economic Journal (Refereed)
    Date: April 1, 2001
    Publisher: Southern Economic Association
    Volume: 67 Issue: 4 Page: 1025

    Distributed by Thomson Gale

    The New Battle over Workplace Privacy: How Far Can Management Go? What Rights Do Employees Have? Safe Practices to Minimize Conflict, Confusion, and Litigation
    Average customer rating: 4 out of 5 stars
    • Be prepared!
    The New Battle over Workplace Privacy: How Far Can Management Go? What Rights Do Employees Have? Safe Practices to Minimize Conflict, Confusion, and Litigation
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    4 out of 5 stars Be prepared!.......2006-02-16

    Employers and managers today face an increasing number of threats to the organization. Theft of business assets costs U.S. companies an estimated $40 billion a year. More than one million employees a year are victims of workplace violence. Employees who download games from the internet increase the risk of introducing viruses to company computer systems and expose their employers to charges of software piracy. However, measures that employer's have taken to address these issues, like workplace surveillance and performance monitoring, have sparked a violent debate, and several lawsuits claiming invasion of privacy, sexual harassment and discrimination. Your best defense, says William S. Hubbartt, is to be prepared. He presents guidelines for helping you to avoid battles over workplace privacy and examines some of the laws that protect employees' rights.

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    Seed Biology and the Yield of Grain Crops (Cab International Publication)
    Average customer rating: 5 out of 5 stars
    • ielts
    Seed Biology and the Yield of Grain Crops (Cab International Publication)
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    Manufacturer: CABI
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    ielt

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    Book Description

    Astronomy Across Cultures: A History of Non-Western Astronomy consists of essays dealing with the astronomical knowledge and beliefs of cultures outside the United States and Europe. In addition to articles surveying Islamic, Chinese, Native American, Aboriginal Australian, Polynesian, Egyptian and Tibetan astronomy, among others, the book includes essays on Sky Tales and Why We Tell Them and Astronomy and Prehistory, and Astronomy and Astrology. The essays address the connections between science and culture and relate astronomical practices to the cultures which produced them. Each essay is well illustrated and contains an extensive bibliography. Because the geographic range is global, the book fills a gap in both the history of science and in cultural studies. It should find a place on the bookshelves of advanced undergraduate students, graduate students, and scholars, as well as in libraries serving those groups.

    Customer Reviews:

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    The Geologic Story of the Uinta Mountains
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      The Geologic Story of the Uinta Mountains
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        THE GEOLOGIC STORY OF THE UINTA MOUNTAINS GEOLOGICAL SURVEY BULLETIN 1291
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          The Extra Meridians, Points, And More (Encyclopedia Of Dim-Mak)
          Average customer rating: 4.5 out of 5 stars
          • This is a total scam
          • GET IT!
          • A great addition to his other works
          • REQUIRED READING !!
          • One of two required DIM MAK books
          The Extra Meridians, Points, And More (Encyclopedia Of Dim-Mak)
          Erle Montaigue , and Wally Simpson
          Manufacturer: Paladin Press
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          This companion to Encyclopedia of Dim-Mak: The Main Meridians covers the 8 extraordinary meridians, the extra and new points and much more. Learn why the extra meridians and points are so significant in both the healing and martial aspects of the art.

          Customer Reviews:

          1 out of 5 stars This is a total scam.......2006-12-12

          As a trained acupuncturist who has practiced martial arts since 1982 it is my humble opinion that this is a fraudulent book, as is the other vol. It will be obvious to any acupuncturist that Mr. Montaigue, with the aid of a TCM (Traditional Chinese Medicine) practitioner (Simpson), simply made use of TCM texts and reversed the application of energetically active points to suit "his" Dim Mak model. Anyone who has been in a real fight will not harbor an illusion that they can make use of minute accupoints to defeat an opponent. This is pure fiction and displays a total lack of understanding of Qi energetics. I don't dispute that Dim Mak once existed, but those capable of using it are people who were raised in temples where life revolved around simultaneous medical & martial training for many years; an existence most westerners cannot really understand. So Earl who bounced around from place to place and one thing to another does not even remotely fit this model. In his bio, he dedicates 1-single line mentioning his "main internal martial arts master", and makes no mention of being granted a rank of sifu or receiving a place in the lineage from this "master". So what great knowledge was really passed to him?

          Ask yourself logically: How does Earl know the effects of striking all 360 + accupoints? Has he hit that many people and studied the effects? Did one of those old Chinese teachers he brags about give him such complete details? Or is it that he is just giving you the TCM obvious, like ST9? It does not take rocket science to know that striking a point where the vagus nerve & carotid artery are close will produce a negative effect. In fact, every true martial art is aware of such targets.

          While Dim Mak makes perfect sense to me in theory, I am under no illusion that it is something I will ever perform in my lifetime. I have studied with, met, and observed many Chinese "masters", and I have yet to encounter a single one who has such command of their Qi. Unless you have lived like a monk uninterrupted for some 20-years under expert guidance, it is simply not realistic in this age.

          The application of real Dim Mak is beyond any of us today. It is the equivalent of performing acupuncture treatments without using needles, but under combat stress. If you believe Earl is some high Qi master, then this book may be for you.

          More likely, your martial path will be significantly enhanced by studying the legitimate positive effects of these points through a TCM text book. After learning to heal yourself you can consider healing others. Earl's "Dim Mak" would have you take that in reverse. Focusing your Qi to harm others, or even just entertaining the thought is a dangerous act that has no place in daily training and should only be reserved for life-threatening situations.

          5 out of 5 stars GET IT! .......2006-06-16

          I cannot recommend this book highly enough - for both practitioners of the internal arts and the healing arts. I've had both volumes for years and am still regularly using them for cross-referencing, research and study. Lucky enough to have been instructed by Erle, I can assure you he is a true master in every sense of the word and the information in these volumes are worth gold.

          5 out of 5 stars A great addition to his other works.......2005-02-12

          Mr. Montaique has expanded on his other masterpiece, and well done I might add. This is the follow on to his other encyclopedia and a must have to complete the collection.

          Bryan Winkelman (www.senseibryan.com)- Author of "Training Manual for Isshin Ryu Karate" listed on Amazon.com

          5 out of 5 stars REQUIRED READING !!.......2002-07-13

          erle montaigue just never seems to go wrong! this book is greatly written on not only point locations, effects, applications,multiple strikes, etc. but also has an added bonus on qigong (internal) training. also shows how to discover which points are most idealy for one to study by explaining how to learn the way which YOU already naturaly react. great learning tool to add to ones training. even includes his very personal fav. points in which he trains with. great companion to the fisrt volume! highly recomended reading!!

          5 out of 5 stars One of two required DIM MAK books.......2000-11-20

          Mr. Montaigue's companion volume to the Dim Mak encyclopedia is a welcome addition to his outstanding series of Dim Mak titles. This book covers point strikes to the extraordinary meridians (covered in TCM theory), as well as additional information concerning the medical effects of point strikes to the human body. This book along with its companion "The Encyclopedia of Dim Mak" are excellent reference material for those wishing to learn more about both the damage and healing which this art can be used for.

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          • Positively Implementing Change
          • Great Companion to The 7 Powers of Questions
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          Smart Questions: The Essential Strategy for Successful Managers
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          5 out of 5 stars Questions Rule.......2004-12-12

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          5 out of 5 stars For any manager who wants to be a great coach.......2003-08-28

          As a professional personal coach who works one-on-one to help others reach greater success, I really appreciate the approach of this book. "Smart Questions" is for anyone who doesn't realize that good coaching isn't about advising. This book shows you why asking the right question is much more powerful than giving an answer or advice, especially advice that someone isn't necessarily looking for. The essence of great coaching is all about asking smart questions. The best answers almost always come from whomever you're helping, not you.

          5 out of 5 stars This is the smart choice in this category!.......2000-06-28

          The 'smart question' to ask is "Why am I looking at these types of books?" If the answer is to improve your ability to get more out of your meetings, interviews, negotiations, and communications with everyone at any level (internal and external to your organization), this is the book to buy by far. I've read many self-help communications books and this one really gets to the heart of the matter -- ask and you shall receive; ask the right question(s) and you'll get what you want/deserve. It was an easy and enjoyable read that gets you engaged from the first chapter (unlike so many other books that take 5 chapters to explain what they're to accomplish). The quizzes really provide helpful and immediate feedback. You can read from cover to cover or use as a reference. Either way, this book gives you tools to use right away. You'll carry this one around with you until you've mastered the technique.

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          ASIN: 0439490359

          Book Description

          Fifteen-year-old Chan lives on the streets. She's run away from home and has no intention to go back. She doesn't care about anyone or anything . . . until ten-year-old Elizabeth comes into her life. A rough world becomes even rougher when you have someone you care about . . . .

          Customer Reviews:

          5 out of 5 stars Captivating.......2005-03-07

          It's not easy being fifteen and living on the streets of New York. It's especially not easy when you have a little girl to take care of too. Chan thinks she has it made until young Elizabeth wanders into her life. Chan instantly takes Elizabeth under her wing, protecting her as if she was her own child. The two develop a bond like no other, relying on each other for everything, but what happens when you start to grow up? What happens when you fall in love? What happens when it is time to let go? Is there bond truly strong enough to last forever? This page turner will keep you up all night long pondering love, family, and life. This is truly a book you do not want to miss.

          5 out of 5 stars Really great!.......2005-03-05

          Although some parts of Tomorrow, Maybe are a little bit weird, it is a totally great book. it tells of a girl that ran away from home and meets elizabeth a 11 year old runaway. she learns to care for her. It's a touching book that almost made me bawl at the end! i recomend it to anyone.

          5 out of 5 stars a must read!.......2004-01-09

          This captivating novel developes the story of one girls journey as she roams the streets of New York. Chan has been on the streets for several years with no one to depend on but herself. When she meets a younger girl, Elizabeth, she decides to take her in and care for her. Elizabeth helps Chan realize that life wasn't meant to be this way, that children shouldn't be on the streets. This causes Chan to make a plan of action, to get out of New York or merely to leave the life that she and Elizabeth are leading. This is a book you won't want to put down!

          5 out of 5 stars A Story That You Will Never Forget.......2003-07-08

          This story is about a girl named Chan who is 15 and has been homeless for 2 years after running away from home. She is always moving around from place to place. Staying with people she doesn't know if she can trust. Until she meets 11 year old Elizabeth, another run away girl who she cares for more than anything. This story is about their adventure as a team, through the rough streets of New York. I loved this book because it truly made me fall in love with the character. I loved how the plot was well planned and there was always something new and exciting coming into Chan's world.
          Maybe Tomorrow: A Hidden Child of the Holocaust
          Average customer rating: Not rated
            Maybe Tomorrow: A Hidden Child of the Holocaust
            Eric Cahn , and Marilyn Saltzman
            Manufacturer: Casan Pub. Co.
            ProductGroup: Book
            Binding: Paperback

            HolocaustHolocaust | Historical | Biographies & Memoirs | Subjects | Books
            United StatesUnited States | Americas | History | Subjects | Books | 19th Century | 20th Century | 21st Century | African Americans | Civil War | Colonial Period | General | Revolution & Founding | State & Local
            GeneralGeneral | Europe | History | Subjects | Books
            ASIN: 0964541009
            Maybe Tomorrow
            Average customer rating: 4.5 out of 5 stars
            • famous knowledge about Aboriginies
            • A real believer
            • A peak into the Aboriginal mentality
            Maybe Tomorrow
            Boori Monty Pryor
            Manufacturer: Penguin Books Australia Ltd
            ProductGroup: Book
            Binding: Paperback

            Australia & OceaniaAustralia & Oceania | History | Subjects | Books | Australia | Fiji | General | Marshall Islands | New Zealand | Papua New Guinea | Polar Regions
            ContemporaryContemporary | General | Literature & Fiction | Subjects | Books
            ASIN: 0140273972

            Customer Reviews:

            5 out of 5 stars famous knowledge about Aboriginies.......2003-02-12

            I bought that book in Australia. Monty Prior wrote his life and the hole culture of this spectacular people within 180 pages. It's a resumée of everything about this culture, we never had the chance to learn about. Just great. It's a must to have for every open human beeing. Greetings from Switzerland. Peter

            5 out of 5 stars A real believer.......2000-12-04

            Maybe Tomorrow was a fabulous book. I was into Boori magnificent tale right away. I was about to say i feel his passion, but i could never feel the amount of passion that Boori has, and spreads throught the Australian land. I knew ther were many problems with Aborigonals in Australia, but never quite so bad. I thought people just didn't have any real respect for them. which made it hard fort them to get on in life. But i never knew of any of the harsh treatments they go through. Especially abuse from Police. The way he lived his life, and told his stories made me want to read on. I'm also into Djing and Basketball like Boori which caught my attention more. The other day I was thinking how great it would be to go and visit this man and his family in the Bush. I come from the same area as him too. I would love to see the way the traditional Aborigonals go through their days, preferably without hassle of 'white Australians.' Overall, definately an insperational book, and a must read for many people. Humerous, yet serious problems in life. Well done Boori(Monty)Pryor!

            4 out of 5 stars A peak into the Aboriginal mentality.......2000-07-12

            Boori Monty Pryor's "Maybe Tomorrow" is a delightful, thought-provoking book, full of insightful stories (both humoristic and tragic) about Aboriginal and non-Aboriginals' interactions in Australia. It is easy reading, told in a vivid, story-telling language, and the stories mostly revolve around Boori's experiences with school children, when he talks to them about his Aboriginal culture, traditions, the Aboriginal situation today, etc. "Maybe Tomorrow" brings up a lot of prejudices that many non-Aboriginals unfortunately have against Aboriginals. Boori gives his side of the story in a neat, creative, non-bitter, and understandable fashion.

            I would definitely recommend "Maybe Tomorrow". It gives you a great picture of Aboriginal culture, traditions, mentality, etc. It also helps give this amazing people the respect and appreciation, they so much deserve. In addition, I think that Boori's messages not only apply to Australian Aboriginals, but may also give an idea as to why other indigenous peoples across the planet live the way they do, in their attempt to adapt to non-indigenous (or white) society.
            Golden Circle: A Tale of the Stage and the Screen and Music of Yesterday and Now and Tomorrow and Maybe the Day After Tomorrow : A Novel
            Average customer rating: 3 out of 5 stars
            • Silly and over-written, but it has a glow
            Golden Circle: A Tale of the Stage and the Screen and Music of Yesterday and Now and Tomorrow and Maybe the Day After Tomorrow : A Novel
            Jerome Lawrence
            Manufacturer: Sun and Moon Press
            ProductGroup: Book
            Binding: Hardcover

            ContemporaryContemporary | General | Literature & Fiction | Subjects | Books
            Lawrence, JeromeLawrence, Jerome | ( L ) | Authors, A-Z | Literature & Fiction | Subjects | Books
            GeneralGeneral | United States | World Literature | Literature & Fiction | Subjects | Books
            ASIN: 1557130868

            Customer Reviews:

            3 out of 5 stars Silly and over-written, but it has a glow.......2002-11-03

            I was not especially surprised to find out that A Golden Circle is out of print. The writing is too exuberant for the events in the plot; the characters speak in language too elevated and gushing to be convincing; the plot is simple and predictable. However. There is beauty in this book. It glows with a larger-than-life vibrancy that may irritate you or make you smile; it infectiously sings the praises of musical theater. Don't make a huge effort to track it down--I'm sure better stories of the stage and screen abound. But if it's a rainy day, and if you come across A Golden Circle in a used-book sale as I did, it may make your day shine.
            Maybe It Will Rain Tomorrow
            Average customer rating: Not rated
              Maybe It Will Rain Tomorrow
              Jane Breskin Zalben
              Manufacturer: Scholastic Paperbacks
              ProductGroup: Book
              Binding: Paperback

              Mothers & ChildrenMothers & Children | Women's Fiction | Literature & Fiction | Subjects | Books
              ASIN: 0590328263
              Maybe Tomorrow
              Average customer rating: Not rated
                Maybe Tomorrow
                Sharlie West
                Manufacturer: Norton Publications
                ProductGroup: Book
                Binding: Paperback
                ASIN: 0843980354
                Maybe Tomorrow
                Average customer rating: Not rated
                  Maybe Tomorrow
                  Joan Weir
                  Manufacturer: Tandem Library
                  ProductGroup: Book
                  Binding: School & Library Binding

                  TeensTeens | Subjects | Books | Audiobooks | Authors, A-Z | Biographies & Memoirs | Health, Mind & Body | History & Historical Fiction | Horror | Literature & Fiction | Manga | Mysteries | Reference | Religion & Spirituality | School & Sports | Science & Technology | Science Fiction & Fantasy | Series | Social Issues
                  Native North & South AmericansNative North & South Americans | Multicultural Stories | People & Places | Children's Books | Subjects | Books
                  FictionFiction | Prejudice & Racism | Social Issues | People & Places | Children's Books | Subjects | Books
                  ASIN: 0613636295
                  Maybe Tomorrow
                  Average customer rating: Not rated
                    Maybe Tomorrow
                    William E. Larson
                    Manufacturer: Bill-Mark
                    ProductGroup: Book
                    Binding: Paperback

                    GeneralGeneral | Contemporary | Romance | Subjects | Books
                    ASIN: 1886273006
                    Maybe Tomorrow
                    Average customer rating: Not rated
                      Maybe Tomorrow
                      Pershing
                      Manufacturer: Dell Publishing
                      ProductGroup: Book
                      Binding: Paperback
                      ASIN: 0440149096
                      Maybe Tomorrow
                      Average customer rating: Not rated
                        Maybe Tomorrow
                        Sharlie West
                        Manufacturer: Tiara
                        ProductGroup: Book
                        Binding: Paperback
                        ASIN: B000V9BJ8M

                        Books:

                        1. Backfire: Carly Fiorina's High-Stakes Battle for the Soul of Hewlett-Packard
                        2. Bananas, Beaches and Bases: Making Feminist Sense of International Politics Updated Edition with a New Preface
                        3. Basic Camp Management: An Introduction to Camp Administration
                        4. Clear Leadership: How Outstanding Leaders Make Themselves Understood, Cut Through the Mush, and Help Everyone Get Real at Work
                        5. Consulting Demons: Inside the Unscrupulous World of Global Corporate Consulting
                        6. Corporate Boards that Create Value
                        7. Diversity Amid Globalization: World Regions, Environment, Development (3rd Edition)
                        8. Doing Business in the New Latin America: A Guide to Cultures, Practices, and Opportunities
                        9. Economic Apartheid in America: A Primer on Economic Inequality and Security
                        10. Economic Theory in Retrospect

                        Books Index

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