Basic Econometrics

Rating:
Summary: Still the best
Review: Gujarati`s Basic Econometrics is old (1995, 3th edition), but still the best introductory/intermediate text you can get for your money. Comprehensive, easy to understand, ideal for undergraduate students who needs not only a textbook, but a referencebook too.
Perhaps not the newest, but I am planning to use it as basic textbook for an undergraduate econometrics course. I could find another book, but this is the only one that, I am sure, my students will be able to understand without any problem.

Rating:
Summary: BEST INTRODUCTION YOU CAN FIND
Review: Hi everyone:
If you've never done econometrics, and you're about to take your first course in econometrics, make sure you have this book. With this book you will have a competitive advantage over your classmates because you will not only know the what and the how, but also the why. In short you'll become a shrewd econometrician.
NB: This book is excellent but only as an introduction. If you've already taken econometrics, then you might wanna get the more advanced Greene.

Thank you,

Rating:
Summary: A good, but quite old, introduction to econometrics book
Review: I used this book during my first 2 courses of econometrics during the college. Yoo'll know, after reading the first chapters, everything about the basic tool in the field, ols (this could be seen as a problem, because you spend too much time studying too many details; an economist doesn't necessarily need such knowledge and an amateur econometrist should rather begin with a more concise manual). It's an "easy-to-read" book. Every standard student (like myself) should be able to understand everything even if he is going on his own. The problem with this book is that Gujarati wrote it 15 years ago (aprox.); the way of teaching econometrics has evolved, Gujarati's not. It's true; the recent re-editions of the book include several modern topics, such as time series and an introduction to unit roots. But the way regression problems (autocorrelation, heterocedasticity, etcetera) are treated isn't perfectly actualized. A much more modern approach and, as far as I know equally simple, can be found in Johnston and Dinardo's Econometric Methods. Gujarati's is a good idea for those wishing to learn econometrics, but there are better options, such as the one I already mentioned, the Greene and the Hill/Griffiths/Judge's. This book is much better than Maddala's. In conclusion I can say this book is a good option for undergraduate students, but not the best one.