An introduction to econometric analysis -- Formulating empirical questions of interest -- The econometric framework -- Collecting relevant and useful data -- Specifying and estimating an appropriate econometric model -- Interpreting regression results -- Presentation of econometric analyses --...

In 1949, A. W. H. (Bill) Phillips and Walter Newlyn designed and built an electro-hydraulic dynamic model of the macroeconomy of a country. It was the first analog computer to solve the nonlinear coupled differential equations of mid-twentieth century economic theory and led to the use of...