Short Courses in Econometrics

More information about the Econometrics Discipline

The field of Econometrics is a part of Economics and deals with mathematical and statistical data. It contributes to economic models development, problem solving, testing theories and data analysis. Econometrics is based on quantitative analysis of various economic phenomena. This study field adds empirical content to the theories that allow them to be analyzed and evaluated. Statistical theory contributes to development of econometric models and methods that help to solve economic questions. Data is usually collected through observations and is processed using standard statistical models. Regression analysis has an important role in Econometrics field and it contributes to problem solving as statistical technique. These problems can be usually solved for business sectors, governments, consultancy companies, other non-profit sectors. Graduates can work at insurance companies, banks, marketing companies, governmental institutions or consultancy firms.