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Old 08-11-2008, 09:17 PM   #11 (permalink)
andrem
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Gujarati is way better in some topics. I worked with both in my first econometrics undergrad course and Woodrigde is good in the beggining but gets very confusing in some more advanced topics. I'll search my books and post some thoughts about each part, since I took notes on it.
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Old 08-11-2008, 10:46 PM   #12 (permalink)
EnLaPlaya
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I spent some time with both of them and I´d say that you can´t go wrong by choosing either one. I myself would pick Gujarati (I really don´t know how guys here came to hate it), as Wooldridge is perhaps too elementary (uses too little math/stat in explaining the concepts which might make them to be understood too little) and somewhat less structured. Some advanced topics (such as the panel data mentioned above) might be covered better in Wooldridge (I only studied classical linear regression model from these books, so I don´t know), on the other hand I guess your test will be more focused on basics.
If you can, get both of them or at least have a look at them and then choose one according to your liking.
In the end, my opinion is that it never hurts to study from 2-3 textbooks at once (given that you have enough time), as exposure to various explanations of the same topic usually makes you understand that topic better.
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Old 08-12-2008, 02:06 PM   #13 (permalink)
eminkadtan
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Thanks a lot a lot for your all recommendations.
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