"Haavelmo's 1944 monograph, The Probability Approach in Econometrics, is widely acclaimed as the manifesto of econometrics. This book challenges Haavelmo's probability approach, shows how its use is delivering defective and inefficient results, and argues for a paradigm shift in econometrics...

Chapter 1 The Nature of EconometricsChapter 2 Simple Regression AnalysisChapter 3 Residual StatisticsChapter 4 Hypothesis TestingChapter 5 Multivariate RegressionChapter 6 Alternate Functional FormsChapter 7 Dichotomous VariablesChapter 8 The Classical Linear Regression ModelChapter 9...

1. Introduction -- 2. Fundamental functions and series -- 3. Exponential and logarithmic functions -- 4. Limits and derivatives -- 5. Optimization of univariate functions -- 6. Matrix algebra -- 7. Further topics in matrix algebra -- 8. Optimization of bivariate and multivariate functions -- 9....

unit 1. Single-equation regression models -- unit 2. Simultaneous equation regression models -- unit 3. Qualitative variables in econometric models : panel data regression models -- unit 4. Time series econometrics -- unit 5. Aspects of financial time series econometrics.

This book has grown out of half a century of experience of teaching undergraduate econometrics at the Econometric Institute in Rotterdam. It combines a solid exposition of econometric methods with the application-oriented approach that is characteristic of the Rotterdam tradition in...