5th edition written by R. Carter Hill, William E. Griffiths, and Guay C. Lim is now available in through Wiley Direct. The book is one of the widely used introductory books for undergraduate students who are studying economics and finance. First-year students in accounting, agricultural economics, and marketing students often used the book for references. Students in public policy, sociology, law, and political science are also one the target market.
The book has been updated this year and is made available by Wiley. Students who are going to use this book are assumed to have taken courses in principles of economics as well as elementary statistics. Calculus tools are in the appendices while Matrix Algebra is not used altogether. There are supplementary resources the book’s official site that can help students absorb the lessons in chapters.
According to the book description, it aims to teach students knowledge about basic knowledge in econometrics. These basics can be used to make accurate estimations, modeling, inference, and forecasting techniques. A set of problems and activities are presented in the book, with some of the answers on exercises available in the book’s official site. Activities that are commonly encountered in the real world are tackled, so students can already gain real-world experiences even while studying. Principles of Econometrics 5th edition had major revisions and the majority of it is reorganizing of contents and chapter-end exercises.
Both the digital and printed version of the book is available at Wiley Direct. The digital version is priced at $65 which can be accessed online for one year. This is due to the Wiley Affordability Program Mission statement applied. The digital version is suited for students who are in the budget. Download within the year and the user can use it offline without limit. The purchased book can only be accessed by four devices. In addition, there is a complete solution manual for professors that are available in Microsoft Word or PDF formats. There are also new exercises that use real data to make learning the material more relevant. Meanwhile, the printed version of the textbook is priced at $200.