The University of Waterloo presented her their first ‘Distinguished Teacher Award’ in 1978. Koutsoyiannis then worked at the University of Lancaster, after returning to the UK.
After returning to Greece, she began teaching at the University of Thessaloniki and the Graduate School of Business Studies, Athens. Koutsoyiannis finished her doctoral degree from the University of Manchester, where she began teaching as well, in the early 1960s. At the end of this book, the readers are provided several examples and questions pertaining to economic applications.Īnna Koutsoyiannis was an author and microeconomist.Īpart from this book, Koutsoyiannis has written Non-Price Decisions and The Leaf Tobacco Market of Greece. Koutsoyiannis also examines the models of simultaneous relationships. 8: Koutsoyiannis, A., Theory of Econometrics: an introductory. She also guides the readers into the linear regression model’s assumptions, and the measures to take if the economic relations’ parameters are violated. This paper tries to develop econometric model to study land allocation behavior. Koutsoyiannis goes on to throw light on the simple linear regression model and the theory of correlation, while developing the procedure of variance analysis and how it can be incorporated with regression analysis. Divided into three parts, this first part gives the readers a brief introduction into the procedure that should be adopted in any applied econometric research. Koutsoyiannis has simplified the mathematical concepts pertaining to econometric models, at the same time providing a comprehensive overview of this subject. In most cases, econometrics books are highly advanced for students to comprehend, which causes them to give up studying the subject, or students end up ignoring vital concepts to make the subject easier for them to comprehend. In this second edition, Koutsoyiannis has revised several chapters and portions of the text, which is aimed towards making the text easier to understand. This book only requires the readers to have a college-level understanding of algebraic concepts, as greater emphasis is laid on the economic facets of econometrics. While reviewing the first edition of this book, Theory of Econometrics, the Journal of Economic Literature classified the book as one that focuses greatly on the exposition and simplification of mathematical representation of subjects. It is categorized as the stream of economics that provides empirical content to economic relations. This second edition of Theory of Econometrics is a book that provides the readers with key insights into the fundamentals of econometrics and its applications.Įconometrics is the process of applying statistical methods, computer science, and mathematics, to economic data.
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