Applied Econometrics: Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Applied Econometrics is a branch of Economics and Mathematics, especially statistics in describing economic systems. The study of Applied Econometrics is the application of statistical methods to economic data in order to provide empirical content to economic relationships. Applied Econometrics uses theoretical econometrics and data for assessing theories, developing econometric models, analyzing the history and forecasting. Students who opt for a course in Applied Econometrics, need to understand the methods, theories and types of models that are used to for observational data.

The topics studied in the course include analysis of matching methods, identification of average, local average and marginal treatment effects using instrumental variables, control experiments, post-estimation diagnostics, binary choice models and binary classification methods and more. The courses are generally complimented with computing exercises using real data in R or Stata.

Students who aim to take up the course, should have knowledge of quantitative research methods or introductory statistics, up to linear regression analysis.

Given below in the table are the list of similar fields available in Applied Econometrics:

Eligibility Criteria for Applied Econometrics

Given below in the table are list of Applied Econometrics courses:

Entrance Examinations for Applied Econometrics

The students keen on pursuing their career in this field need to qualify in any of the following examinations. The admission procedure varies from college to college. Some college give admission on the basis of merit, while many others consider the score of the entrance tests mentioned below: 

• National Eligibility Test (NET)
• Delhi University entrance test
• Jawaharlal Nehru University Entrance Exam
• BHU M.A. entrance exam for Economics
• Pune University Entrance
• Madras School of Economics Entrance Exam
• Mumbai University Entrance Test
• IGNOU Entrance Test

Admission Process

Chose University/College: The first step is to search for colleges or universities which are offering courses. Check the fees, the seats offered, eligibility criteria which is set for the course.

Apply for Course: Proceed to apply for admission after getting to know the university offering the programme. Fill up the details as required and pay the application fee. The application forms are available for a limited period of time so the candidate is advised to know the details way in advance.

Mode of Admission: Universities and Colleges will either conduct entrance exams for admission or offer admission through merit. For postgraduate courses, the candidate will have to appear for an entrance exam.

Results: Selected and qualified candidates make the merit list. The student has to get the desired rank and percentage, to be eligible for admission.

Counselling: The candidate will have to appear for the counselling session conducted at the university to book their seat, submit their documents and pay the fees to seal admission.

Colleges Offering Applied Econometrics

Given below in the table are the list of colleges offering Econometrics courses:

Job Profiles after Applied Econometrics

Given below in the table are the list of career opportinities available for Applied Econometrics graduates:

Top Recruiters for Applied Econometrics

The students can find work in the below-mentioned areas after completing the course in Applied Econometrics:

• Banks
• Universities/Colleges
• Financial Institutes
• Government offices
• Private companies
• Research Centres