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 Econometrics Book

For almost a decade, the world economy has faced at least two major economic crises. In 1998, the economics of several countries in Southeast Asia faced economic slowdownbecause of currency crisis.Ten years after the crisis, the United States and European countries is in the middle of economic crisis that start from decreasing performance of U.S. property sector.

Moreover, at the moment the world is experiencing a change in economic power. The financial crisis in the United States, causes the understanding of the importance of finding new economic centre. India and China are two countries that are considered as new economic powers. With rapid economic growth and strong government support, India and China are two countries that are considered as able to compete with developed countries and countries with strong economic tradition.

In economic prespective, changes in economic world arechallenges for economists to prove the relevance of the existing theories. Quantitative analysis is often needed, not only to interpret the existing theory but also to prove that the existing theories are still hold. The process is then developed into a branch of economics known as econometrics.

In general, econometrics can be defined as the branch of economics that analyzes quantitavely the economic phenomenon, based on theories and relevant actual conditions. In later development, econometrics is not only used to explain an economic phenomenon, but also to predict the phenomenon. In the government’s perspective, the predictions are often used as the basis for economic policy-making.

Because of the important role of econometrics, DEFINIT plans to publish an econometrics book that is informative and applicable for public. In general, the book is designed with two main objectives:

  1. Introducing econometric as simple as possible.

One maindifficultyin reading a standard econometricsbook, is the phrases and words that are difficult to understand. To overcome these difficulties, this book will use a common terms that are easy to understand. In addition, the sentenceswill be organized as simple as possible to avoid confusion.

  1. Applying econometrics in the real world

In addition to understandeconometrics, the readers are also expected to be able to applied econometrics. To achievethis objective, the book will usestudy cases from economics journals. The study case will also be completed with Indonesian economic examples and data. This in order to ensure that the reader will be understand the application of econometrics to Indonesian economy.

The book is consist of 10 chapters, with details as follows:
1. Introduction
2. Regression Analysis
3.Classical assumptions
4.Stasionarity and Cointegration
5.Time SeriesAnalysis
6.Panel Data
7.Quantitative Dependent Variable
8.Markov Switching.
9. Modeling and Specification Problem
10. Econometric Application in Empirical Studies.

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