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st: Re: elementary texts

From   Kit Baum <>
Subject   st: Re: elementary texts
Date   Sun, 20 May 2007 07:42:45 -0400

sacrificial radish

I use my own text as a recommended book in an undergraduate econometrics class at BC, as do two other instructors. We use Jeff Wooldridge's Inroductory Econometrics: A Modern Approach as the main text. I also use my text as a recommended book in first-year PhD econometrics, with Bill Greene's book as a main text. It is essential that our first year PhD students gain some hands-on experience with a stats package, as many of them are working part-time during the summer on a professor's research project. As most faculty use Stata in their research, experience with using Stata to do econometrics is very important.

If I did not use Wooldridge for undergrad econometrics, I would use Stock and Watson's text Introduction to Econometrics. Both are a cut above the rest of the pack in terms of motivating important concepts in econometrics (such as widespread reliance on robust standard errors) and drawing examples from real-world data sets (often those used in published articles). The one down side of the data sets with Bill Greene's book is that they are all small, pedagogical data sets rather than full-scale research data. All of these data sets and more can be accessed in Stata format from

There are some instructors in the UK who are relying on my text as the main book for their course. The book was not intended to replace something like Wooldridge or S&W as an introduction to the theory of econometrics, but for higher-level students who have had a prior course covering the theory of regression, it could well serve. Amazon has quite a bit of additional material regarding the book (although it is generally cheaper to buy it directly from

Kit Baum, Boston College Economics and DIW Berlin
An Introduction to Modern Econometrics Using Stata:

On May 20, 2007, at 2:33 AM, Richard wrote:

At 10:30 PM 5/19/2007, Scott Cunningham wrote:
Is Christopher Baum's book appropriate for that class?  What is the
ideal course for Baum's book, anyway?  I'm teaching masters level
econometrics in the spring 2008 for the first time and have yet to
pick a text, and was wondering whether that one might suit.
Here is the description of Kit's book, and a link to the preface is included:

I find William Greene's Econometrics text pretty hard to read, but it
is #1 in the field, isn't it? He does provide example datasets in
several formats, including Stata. I suspect it is worth looking at
even if you don't wind up using it.
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