Thank you for visiting www.mheducation.ca.

In order to view www.mheducation.ca and its affiliate sites, you will need to use a javascript enabled browser such as Firefox, Chrome and Internet Explorer. Please check your settings if you are already using one of thse.

Gujarati and Porters Basic Econometrics provides an elementary but comprehensive introduction to econometrics without resorting to matrix algebra, calculus, or statistics beyond the elementary level. With the addition of over 100 new data sets, as well as significantly updated research and examples, the Fifth Edition responds to important developments in the theory and practice of econometrics. Basic Econometrics is widely used by students of all fields as the expanded topics and concrete applications throughout the text apply to a broad range of studies.

New and Updated Data: All of the data used in the illustrative examples has been updated. Over 100 new data sets are available in the Fifth Edition. Several new examples specific to chapter content have also been updated throughout the textbook. Small tables of data are included in the book, but large sample data are posted on the book's website.

Several examples of concrete computer printouts: Several examples are supplemented by results from EViews (version 6) and STATA (version 10), as well as MINITAB (version 15).

Class Exercises: In a few chapters, new class exercises encourage students to obtain their own data and implement the various techniques discussed in the book. This edition also incorporates Monte Carlo simulations.

Extended concluding examples: In several chapters, the authors have added extended concluding examples to illustrate the various points made in the text and to make the most current material available to students.

Revitalized design: A new two-color design highlights the latest diagrams, graphs, and new data-based exercises.

Reorganization of Chapter 7: Chapter 7 now discusses not only the marginal impact of a single regressor on the dependent variable but also the impacts of simultaneous changes of all the explanatory variables on the dependent variable.

New Discussion in Chapter 12: There is new discussion of the impact of structural breaks on autocorrelation in Chapter 12.

New topics in Chapter 13: New topics included in Chapter 13 are missing data, non-normal error term, and stochastic, or random, regressors.

Several new examples in Chapter 15: Chapter 15 contains several new examples that illustrate the use of logit and probit models in various fields.

Revised discussion on panel data regression models: Chapter 16 on panel data regression models has been thoroughly revised and illustrated with several applications.

Sims and Granger causality tests: An extended discussion of Sims and Granger causality tests is now included in Chapter 17.

Stationary and non-stationary time series: Stationary and non-stationary time series, as well as some of the problems associated with various tests of stationarity, are now thoroughly discussed in Chapter 21.

New discussion in Chapter 22: Chapter 22 includes a discussion on why taking the first differences of a time series for the purpose of making it stationary may not be the appropriate strategy in some situations.

User-Friendly Approach: Basic Econometrics retains its user-friendly approach to the major topics in econometrics. The discussion is technically focused but readable with current research and data presented in a clear format. Anyone with a basic understanding of introductory statistics and college level mathematics will be able to understand the topics discussed in the text.

Appendixes: The inherently technical material still remains in the appendices of the textbook. This lessens the rigor of the textbook to allow students a more intuitive understanding of the material.

McGraw-Hill Ryerson provides centralized online access to our supplemental resources. Many of our in-class solutions are supported by superior teaching aids like presentation ready PowerPoint slides, instructor's manuals, test banks, videos, and more. Text book supplements are accessible through the online McGraw-Hill Connect™ platform. Titles currently not supported by Connect are available via text specific Online Learning Centres.

McGraw-Hill Ryerson textbooks go beyond the traditional print format to include a comprehensive digital solution for students. Our key print titles include no charge access to the eBook and corresponding online study program. The eStore provides a full selection of McGraw-Hill textbooks along with information on the specific study program provided with each textbook. In most cases, you will also have the option go digital and save by purchasing an access card for a separate eBook and online study program.