ABSTRACT
As I stated in Chapter 1, one of the biggest problems in econometrics is that students have a tendency to learn statistics and econometrics as a set of tools. Typically, they do not see the unifying themes involved in quantifying sample information to make inferences. To introduce this concept, Chapter 1 starts by reviewing how we think of science in general and economics as a science. In addition to the standard concepts of economics as a science, Chapter 1 also introduces econometrics as a policy tool and framework for economic decisions.
