Introduction to Econometrics, Brief Edition
Author: James H Stock
In keeping with their successful introductory econometrics text, Stock and Watson motivate each methodological topic with a real-world policy application that uses data, so that readers apply the theory immediately. Introduction to Econometrics, Brief, is a streamlined version of their text, including the fundamental topics, an early review of statistics and probability, the core material of regression with cross-sectional data, and a capstone chapter on conducting empirical analysis.
Introduction and Review: Economic Questions and Data; Review of Probability; Review of Statistics. Fundamentals of Regression Analysis: Linear Regression with One Regressor; Regression with a Single Regressor: Hypothesis Tests and Confidence Intervals in the Single-Regressor Model; Linear Regression with Multiple Regressors; Hypothesis Tests and Confidence Intervals in the Multiple Regressor Model; Nonlinear Regression Functions; Assessing Studies Based on Multiple Regression; Conducting a Regression Study Using Economic Data.
MARKET: For all readers interested in econometrics.
Interesting book: Executive Coaching or Cities in a World Economy
All the News That's Fit to Sell: How the Market Transforms Information into News
Author: James T Hamilton
That market forces drive the news is not news. Whether a story appears in print, on television, or on the Internet depends on who is interested, its value to advertisers, the costs of assembling the details, and competitors' products. But in All the News That's Fit to Sell, economist James Hamilton shows just how this happens. Furthermore, many complaints about journalism--media bias, soft news, and pundits as celebrities--arise from the impact of this economic logic on news judgments.
This is the first book to develop an economic theory of news, analyze evidence across a wide range of media markets on how incentives affect news content, and offer policy conclusions. Media bias, for instance, was long a staple of the news. Hamilton's analysis of newspapers from 1870 to 1900 reveals how nonpartisan reporting became the norm. A hundred years later, some partisan elements reemerged as, for example, evening news broadcasts tried to retain young female viewers with stories aimed at their (Democratic) political interests. Examination of story selection on the network evening news programs from 1969 to 1998 shows how cable competition, deregulation, and ownership changes encouraged a shift from hard news about politics toward more soft news about entertainers.
Hamilton concludes by calling for lower costs of access to government information, a greater role for nonprofits in funding journalism, the development of norms that stress hard news reporting, and the defining of digital and Internet property rights to encourage the flow of news. Ultimately, this book shows that by more fully understanding the economics behind the news, we will be better positioned to ensure that the newsserves the public good.
Library Journal
In his previous book, Channeling Violence, Hamilton (public policy, Duke Univ.) showed that the market dictates the amount of violence appearing on television. His new book discusses how economics affects the presentation of news and how market pressures have reduced the amount of hard news appearing in the media generally. He begins by offering different economic theories of news; goes on to discuss the rise of nonpartisan newspapers, which began in 1870; and then includes an analysis of the news audience, asking how much interest they actually have in hard news. The remainder of the book reviews the various methods used by audiences to access news, including newspapers, television (including cable and evening news programs), and the Internet. As Hamilton shows, news is now presented to specific audiences, depending on marketing decisions, with a resultant shift from political news to softer topics such as entertainment. He recommends ways to counteract this situation and increase the amount of hard news available to the consumer. Hamilton includes a wealth of supporting information, including many tables and graphs, 40 pages of notes, and an extensive bibliography. Recommended for academic and larger public libraries.-Joel W. Tscherne, Cleveland P.L. Copyright 2004 Reed Business Information.
Table of Contents:
| Acknowledgments | ||
| Introduction | 1 | |
| Ch. 1 | Economic Theories of News | 7 |
| Ch. 2 | A Market for Press Independence: The Evolution on Nonpartisan Newspapers in the Nineteenth Century | 37 |
| Ch. 3 | News Audiences: How Strong Are the Public's Interests in the Public Interest? | 71 |
| Ch. 4 | Information Programs on Network Television | 121 |
| Ch. 5 | What Is News on Local Television Stations and in Local Newspapers | 137 |
| Ch. 6 | The Changing Nature of the Network Evening News Programs | 160 |
| Ch. 7 | News on the Net | 190 |
| Ch. 8 | Journalists as Goods | 215 |
| Ch. 9 | Content, Consequences, and Policy Choices | 235 |
| Notes | 265 | |
| Bibliography | 307 | |
| Index | 339 |
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