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Modern Econometrics for the Modern Student

Experience a first release applied econometrics product built for data, causality, and real decision-making powered by Stata, R & 糖心Vlog Connect.

Our Approach

Traditional econometrics still prioritizes proofs over practice. Learn-by-doing is at the core of this product鈥檚 pedagogy, bridging theory and practice from day one with significant attention to regression methods and the techniques specifically designed to strengthen causal inference.

A practical workflow for modern econometrics that teaches students how to turn messy, real-world data into usable statistical analysis.

This text was built to work for students and instructors alike. Three stand out: relatable economic content, modular structure, and auto-grading.

Applied Econometrics & Data Analysis bridges how econometrics is taught and how it is practiced, without sacrificing rigor.

Peer Perspectives

Meet the Author Team

Sanjiv Jaggia

Sanjiv Jaggia is a professor of economics and finance at California Polytechnic State University in San Luis Obispo. He earned his Ph.D. from Indiana University and is a Chartered Financial Analyst (CFA庐). Dr. Jaggia is an applied financial econometrician with research interests spanning multiple business disciplines. His work has been published in journals such as the Journal of Empirical Finance, Review of Economics and Statistics, Journal of Business and Economic Statistics, Journal of Econometrics, and Journal of Applied Econometrics.聽 Alongside Professor Alison Kelly, Dr. Jaggia has authored three highly acclaimed textbooks, which have collectively become the most successful books for McGraw-Hill in the fields of business statistics and business analytics.

Alison Kelly

Alison Kelly is a professor of economics at Suffolk University in Boston. Dr. Kelly holds a Ph.D. from Boston College and is a Chartered Financial Analyst (CFA庐). Dr. Kelly has published in a wide variety of academic jour颅nals such as Applied Financial Economics, The Journal of Macroeconomics, Contemporary Economic Policy, and American Journal of Agricultural Economics.聽 With Professor Sanjiv Jaggia, she has authored three successful textbooks, two in business statistics and one in business analytics.

Robert Pedace

Roberto Pedace is a professor and the Dr. Taro Yamane Chair in Economics at Scripps College in Claremont, California.聽 He holds a Ph.D. in economics from the University of California, Riverside.聽 Dr. Pedace鈥檚 research focuses on labor and personnel economics and addresses a variety of issues, including the effects of immigration on domestic labor markets, the impact of minimum wages, salary determination in professional sports, and personnel decisions in markets for movie actors.聽 His published work appears in the Southern Economic Journal, the Journal of Sports Economics, Contemporary Economic Policy, Industrial Relations, and other outlets.聽 He is also the author of Econometrics for Dummies, a trusted introduction to econometrics for students at every level.

Quick Answers Hub

Explore the Jaggia FAQ for quick, clear answers to your questions' that link to this doc.

Many econometrics courses still emphasize theory in ways that can feel disconnected from how empirical work is actually done. This book was written to close that gap. It helps students move beyond formulas and develop the ability to think like econometricians鈥攄esigning studies, evaluating evidence, and drawing meaningful conclusions from real data.

This text places real-world application at the center of learning. Instead of relying on abstract or 鈥渢oy鈥 examples, it uses diverse, real datasets and emphasizes causal reasoning, research design, and economic interpretation. It also integrates modern tools like Stata and R throughout, ensuring students gain practical, transferable skills alongside conceptual understanding.

Students will learn how to do applied econometrics the way it is practiced. They will build skills in data preparation, model selection, interpretation, and communication of results. Just as importantly, they will learn how to distinguish correlation from causation and evaluate whether results are not only statistically significant, but economically meaningful.

Yes鈥攃ausal thinking is a central theme throughout the text. In addition to core discussions of omitted variable bias and panel data models, the text includes two comprehensive chapters devoted entirely to causal inference. Students are introduced to core causal inference methods such as difference-in-differences, regression discontinuity, instrumental variables, and matching techniques, with a strong focus on assumptions, research design, and real-world application.

The book seamlessly integrates both Stata and R into examples and exercises. Students are guided through implementation using real datasets, allowing them to develop coding and data analysis skills that align with current industry and academic expectations.

The text is designed with flexibility in mind. Its modular organization allows instructors to tailor the sequence of topics based on course goals, student preparation, and time constraints. Core topics can be taught sequentially, while advanced and specialized material can be incorporated as needed.

Instructors have access to a comprehensive set of teaching resources, including slides, test banks, and auto-graded, algorithmic exercises through Connect. These resources reduce preparation time, support assessment, and provide students with immediate feedback, making it easier to manage both large and small classes.

By emphasizing real-world data, modern tools, and applied problem-solving,聽this product equips students with skills that translate directly to the workplace and graduate study. Students leave the course better prepared to conduct empirical research, interpret data-driven findings, and contribute to evidence-based decision-making.

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Applied Econometrics & Data Analysis emphasizes application from day one.

It trains students to solve real economic problems: with real data, real tools, and real consequences.