What is econometrics?
Econometrics is one of the branches of economics, which studies economic relationships with mathematical and statistical methods. Econometrics is often taught as a part of Economics curriculum, or as a separate study program.
Econometrics is divided into applied and theoretical econometrics. The aim of theoretical econometrics is statistical properties of assessments and tests, while applied econometrics works with the application of econometric methods for the evaluation of economic theories.
Econometrics (along with macro- and microeconomics) is also a part of economics theory.
Econometrics program structure
Undergraduate study programs in Econometrics usually include several core courses in econometrics, economics, mathematics and statistics. Usually students should also choose from a variety of other optional modules, such as microeconomics, macroeconomics, investments. Study program usually consists of lectures, seminars and workshops. Students are also required to complete one or several internships in business or finance organizations. Some universities encourage students to spend a year studying or training abroad. An undergraduate study program in Econometrics (whether it is BA or BSc) usually can be completed by passing final exams and/or submitting a dissertation.
Entry requirements for Econometrics applicants
Those who wish to apply for one of the Econometrics or related undergraduate study program need to hold excellent grades in Mathematics. Some universities also require high grades in Social Studies or English language, but high grades in Mathematics are the most important criteria for applying for Econometrics degree program.
Applicants whose native language is not English need to demonstrate their language fluency since almost all study programs in Econometrics you can find on our website are taught in English. Usually TOEFL, IELTS or other equivalent language tests results are accepted.
Students applying for study programs in Econometrics in Foreign universities should aso meet specific country requirements for international students.
According to the QS Top Universities Ranking by Subject, the world’s best university hosting Economics and Econometrics study programs is Massachussetts Institute of Technology in USA. Some information about this university, for example, entry requirements for international applicants or study programs can be found on the university’s profile on our website. The list of other world leading universities hosting Economics and Econometrics undergraduate and graduate study programs include Harvard University, Stanford University, University of California - Berkeley, London School of Economics and Political Science,Princeton University, University of Chicago, University of Oxford, Yale University. Most of the world's best universities specializing in Economics and Econometrics are located in USA and UK. Some special information about application to these (and many other) countries can be found on our website.