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Econometrics is an academic discipline that deals with the application of statistical methods to data in order to estimate economic models. Economists use it to verify or disprove theories, analyze the impacts of certain policies and events on the economy, and formulate effective economic models.

Econometrics is a degree that combines disciplines like statistics, computer science, and economics. It uses statistical theory and mathematical statistics to evaluate and develop econometric models and methods to solve economic questions. Without evidence, economic theories are abstract. Econometrics, therefore, provides a set of tools to confront the theories with real-world data. Data is collected through observations using statistical methods and techniques.

The main goal of Econometrics is to test a hypothesis and to generate economic forecasts. The study curriculum covers topics like microeconomics, macroeconomics, mathematical and statistical methods, data analysis, economic theory, database, and many more.

A degree in Econometrics not only provides students with a thorough understanding of econometrics theory and empirical research but also helps them build their skills in computer literacy, numeracy, information technology, written and oral communication, and presentation. It also develops their power of inquiry, critical analysis, logical thinking, and problem-solving.

Many firms, statistical offices, and international governmental organizations use econometric models and methods on a daily basis. It is vital for making decisions related to economics and business in the present day. Econometrics skills are valuable, and graduates can pursue several successful careers.


Study level:


Various Universities and Colleges offer econometrics courses at different study levels offer econometrics courses:

Bachelor of Science (B.Sc.) in Econometrics and Operations Research
Bachelor of Science in Econometrics and Economics
Bachelor of Science in Applied Economics
Bachelor of Commerce (B. Com) in Economics and Econometrics
Bachelor of Arts (B.A.) in Economics
Bachelor in Computer Science with Econometrics
Bachelor Degree in Economic Analytics
Bachelor of Commerce in Econometrics
Master of Science (M.Sc.) in Econometrics and Operations Research
Master Degree in Applied Econometrics and Forecasting
Master of Science in Econometrics and Management Science
Master Degree in Applied Economic Sciences
Master of Science in Econometrics, Operations Research, and Actuarial Studies
Master of Arts (M.A.) in Economics
Master of Commerce (M.Com.) in Econometrics
Master of Science in Probability, Mathematical Statistics, and Econometrics
Master of Science in Quantitative Economics
Master of Science in Computer Science and Econometrics
Doctor of Philosophy (Ph.D.) in Econometrics
Doctor of Philosophy (Ph.D.) in Economics
Doctor of Philosophy (Ph.D.) in Applied Statistics and Empirical Methods
Doctor of Philosophy (Ph.D.) in Development Economics


Students pursuing a degree in Econometrics can choose a field of specialization to gain an in-depth understanding of the subject. These are:

Throwing Caps

Students can choose to specialize in areas like:

Microeconomic Analysis
Macroeconomic Analysis
Nature and Scope of Econometrics
Linear Regression Models
Statistical Inference

Specification Analysis
Multivariate Statistics and Data Visualisation
Time Series Econometrics
Applied Micro-econometrics
Applied Macro-econometrics



Knowledge and skills in Econometrics are valuable for government, international economic organizations, and other private sector organizations as well. Graduates have various career opportunities in fields like finance, trade, insurance, and marketing.


    Job titles include:

    Quantitative Analyst
    Global Economist
    Economic Developer


    Financial Assistant
    Financial Research Analyst
    Computer Programmer
    Risk Analyst
    Software Developer
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