The Book «Econometrics (intermediate level)» (Учебное пособие «Эконометрика (промежуточный уровень)»)

Аннотация

The major part of modern economic analysis is devoted to the problem of how different aspects of our life are related to each other and how to find an optimal model describing some economic fact. For example, which factors affect the level of wage or how the level of education influences the level of wage in future. With the use of real data and economic theory econometrics helps to reveal these relations.
The term «econometrics» was introduced by Austro-Hungarian accountant in 1910. He believed that applying mathematical methods to accounting data can give a new overview of the results. But his concept was forgotten while the term «econometrics» turned into the name of a new discipline in economic science.
At first, it is necessary to give a definition of econometrics. Econometrics is a discipline which aggregates theoretical methods and models.