Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support

Using Spreadsheets to Conduct Monte Carlo Experiments for Teaching Introductory Econometrics

R. Kim Craft
Southern Economic Journal
Vol. 69, No. 3 (Jan., 2003), pp. 726-735
DOI: 10.2307/1061705
Stable URL: http://www.jstor.org/stable/1061705
Page Count: 10
  • Read Online (Free)
  • Download ($14.00)
  • Cite this Item
If you need an accessible version of this item please contact JSTOR User Support
Using Spreadsheets to Conduct Monte Carlo Experiments for Teaching Introductory Econometrics
Preview not available

Abstract

The Monte Carlo experiment can be a valuable pedagogical tool for introductory econometrics courses. In the past, however, the practicality of having students perform Monte Carlo simulations was limited because of the high opportunity cost involved in learning to program. This paper argues that spreadsheets offer a means for beginning students to conduct meaningful Monte Carlo experiments at a relatively low opportunity cost and provides instructions on how to do so with Microsoft Excel. Suggestions are offered for using spreadsheet-based Monte Carlo experiments effectively in teaching basic econometric concepts.

Page Thumbnails

  • Thumbnail: Page 
726
    726
  • Thumbnail: Page 
727
    727
  • Thumbnail: Page 
728
    728
  • Thumbnail: Page 
729
    729
  • Thumbnail: Page 
730
    730
  • Thumbnail: Page 
731
    731
  • Thumbnail: Page 
732
    732
  • Thumbnail: Page 
733
    733
  • Thumbnail: Page 
734
    734
  • Thumbnail: Page 
735
    735