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Bootstrapping Student Understanding of What is Going on in Econometrics

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  • Peter E. Kennedy

Abstract

Econometrics is an intellectual game played by rules based on the sampling distribution concept. Most students in econometrics classes are uncomfortable because they do not know these rules and so do not understand what is going on in econometrics. This article contains some explanations for this phenomenon and suggestions for how this problem can be addressed. Instructors are encouraged to use explain-how-to-bootstrap exercises to promote student understanding of the rules of the game.

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File URL: http://hdl.handle.net/10.1080/00220480109595177
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal The Journal of Economic Education.

Volume (Year): 32 (2001)
Issue (Month): 2 (January)
Pages: 110-123

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Handle: RePEc:taf:jeduce:v:32:y:2001:i:2:p:110-123

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Cited by:
  1. Edward M. McNertney & Robert F. Garnett, Jr., 2006. "Using a Simple Simulation Model to Help Students 'Think Like Economists' in Intermediate Macroeconomics," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 18(1), pages 34-39.
  2. William E. Becker & William H. Greene, 2001. "Teaching Statistics and Econometrics to Undergraduates," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 169-182, Fall.

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