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

Updated on Sep 23, 2024 11:33 IST

Econometrics is a sub field of Economics. It is studies as one of the major subjects in many Economic courses.

The duration of an Econometrics Course may vary depending on the academic level. The candidates who have completed 12th standard can enroll themselves in Econometrics UG Courses like BA and BSc and the candidates who have completed graduation can apply for Econometrics PG Courses like MA and MSc.

Some of the popular colleges that offer Econometrics courses are University of Madras, Pandit S. N., Shukla University and Indian Academy Degree College.

The Econometrics course fee ranges from INR 2,640 to INR 3.51 Lakh.

Econometrics Course Highlights

Candidates can refer to the table below to have a quick glance at the important details of Econometrics course:

Econometrics Course Highlights

Course Name - Field

ECONOMICS - Econometrics

Eligibility

  • UG: 12th pass
  • PG: graduate in any discipline
  • PhD: master’s degree holder

Duration

  • UG: 3 years
  • PG: 2 years
  • PhD: 3-6 years

Fee Range

INR 2,640 – INR 3.51 Lakh

Top Colleges

Salary Range

INR 7.4 LPA (Economist)

Job Scope

Accountant, Auditor, Data analyst

Entrance Exams

Top Recruiters

KPMG,Ministry of Finance, The Economist, RBI

 

Q:   What is econometrics?

A:

Econometrics involves the use of statistical instruments to create theories, evaluate hypotheses and predict patterns in economics. It is a branch of economics.

In Econometrics topics such as regression, simultaneous equations models, statistical inference and evaluation of government policies and programs are covered.

Econometrics course is available in different academic levels in India as well as abroad.

Q:   What is economics all about?

A:
Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: goods are scarce and that society must use its resources efficiently.

Econometrics Course Eligibility Criteria

Candidates can refer to the table below to check the eligibility criteria for each course level of Econometrics Course:

Econometrics Course Eligibility Criteria

UG

  • Should have completed class 12th from a recognized board or equivalent.
  • For some courses, the candidate should have studied Mathematics and Economics as subjects.

PG

  • Graduate from any field preferably Economics

PhD

  • Should have completed PG

Q:   I belong to arts stream and I have not studied Maths or Accountancy. Can I apply for BA Economics?

A:
No, Arts students are not eligible to pursue BA Economics unless hey have studied Economics and Mathematics as subjects in Class 12. Since you have mentioned that you have not studied Mathematics in Class 12 , you cannot apply for BA Economics.
However there are some private colleges that have relaxed admission criteria where students like you can be eligible to apply. You can also pursue BA Economics through distance colleges such as IGNOU. Hope this helps. All the best

Q:   What is the eligibility criteria to get admission for MA economics?

A:

To be eligible for MA Economics you should have completed either BA Economics or BSc Economics. Apart from that you should have scored at least 50% or 5.5 CGPA in your graduation. Youb need not worry about age limit as most colleges do not prescribe minimum or maximum age bar for the course. You can apply for the course after you have completed the graduation or when you are in your final year. 

Types of Econometrics courses

Econometrics is a part of Economics. Through the study of Economics, one gets an opportunity to know about the Indian economy and its financial institutions. This topic helps to understand the mechanism behind the financial institution. Courses related to this subject introduce an understanding of macroeconomics and microeconomics and development in various fields etc.

Some of the courses offered in Economics are given below:

Course

Duration

BA (Hons) Economics

3-Years

BA Economics + Commerce

3-Years

BSc in Economics

3-Years

MA in Economics

2-Years

MA in Applied Economics

2-Years

MSc in Agricultural Economics

2-Years

Integrated MA in Economics

5-Years

MA Economics with specialisation in Energy Economics

2-Years

BSc in Economics with Data Science

2-Years

BSc in Politics, Economics and Analytics

2-Years

PhD in Economics

2-Years

MPhil in Economics

2-Years

Econometrics Online Course

The table given below has listed some Econometrics Online Courses along with the name of the provider, the duration of the course and the course fee:

Econometrics Course Online

Offered By

Duration

Econometrics Online Course Fee

Econometrics: Methods and Applications

Coursera

66 HOURS

Free

Spatial Statistics And Spatial Econometrics

IIIT Delhi

12 weeks

Free

The Econometrics of Time Series Data

Coursera

30 HOURS

Free

Hypotheses Testing in Econometrics

Coursera

27 HOURS

Free

Enjoyable Econometrics

Coursera

2 HOURS

Free

Q:   What is BA Economics?

A:

BA Economics revolves aorund the optimal use of resources and concentrates on the major conceptual bifurcations of Economics, namely Macroeconomics and Microeconomics. It delves into the various types of financial markets, the operation of an economy, and current economic trends. Some of the common/popular BA subjects available under the Economics specialisation:

  • Econometrics
  • Introduction to Statistical Methods in Economics
  • Introductory Macroeconomics
  • Economics of Banking
  • The Economics of Labour
  • Economic Analysis of Agriculture
  • Business Economics

Q:   What is the scope or benefits in MA (Economics)?

A:
M.A. In Economics is a professional Masters Course which enhances your skill and career development in this field of study. After M.A. In Economics in India you can find jobs in these profiles: Financial Analyst, Stock Broker, Associate Researcher, Economy Analyst, Teacher, Senior Business Analyst, Senior Economist, Trade Analyst, Marketing Manager and Branch Retail Manager. Therefore, it provides wide scope for future development.

Econometrics Course Entrance Exams 2024

The candidates can find below some of the entrance exams through which Econometrics course admission is provided at various academic levels: 

Econometrics Entrance Exams

Econometrics Exam Dates

Econometrics Exam Schedule

Indraprastha University Common Entrance Test (IPU CET)

27 Apr '24 - 14 May '24

IPU CET Schedule

Common University Entrance Test (CUET)

15 May '24 - 31 May '24

CUET Schedule

Aliah University Admission Test (AUAT)

Jul '24

AUAT Schedule

Central University Entrance Test – Postgraduate (CUET PG)

Mar '25 (Tentative)

CUET PG Schedule

University Grants Commission National Eligibility Test (UGC NET)

10 Jun '24

UGC NET Schedule

Jun '24

CT SET 2024 Counselling Start

TENTATIVE

Jun '24

CT SET 2024 Result

TENTATIVE

7 Dec ' 24

SAT Test December Date

26 Nov ' 24

SAT Deadline for Changes, Regular Cancellation, a...

21 Sep ' 24

Second Phase of Counselling Begins

20 Sep ' 24

Reporting to Respective Colleges

Feb '25 - Apr '25

CUET 2025 Application Process

TENTATIVE

Apr '25

CUET UG 2025 Application Form Correction

TENTATIVE

Q:   What is CUET UG exam?

A:

Common University Entrance Test (CUET) UG is an entrance examination conducted for admission to undergraduation programs offered by various central, state, private and deemed universities. Candidates willing to take admission to undergraduation programme in streams like Science, Humanities, Commerce, Law and Management must appear for the CUET UG exam when conducted.

The entrance examination assesses candidates at various levels: Language, domain knowledge and general aptitude. CUET UG is conducted annually in computer based mode. CUET UG scores are accepted by more than 300 universities across India. 

Q:   What is the mode of the CUET PG exam?

A:

The CUET PG exam is conducted in computer-based test (CBT) mode. This means that the exam is taken on a computer, and the questions and answers are displayed on the screen. Candidates use a mouse or keyboard to select their answers.

The CUET PG exam is held in multiple sessions throughout the day, and candidates are assigned to a specific session during registration. The exam is two hours long and consists of 100 multiple-choice questions.

Econometrics Syllabus

Candidates can refer to the table below to have a look at the main subjects that are studied in an Econometrics Course:

Econometrics Course Syllabus

Probability, Random Variables, Distributions

Estimation

Sampling Distributions, Aymptotic Distribution Theory

Hypothesis Testing

Linear Regression

Dynamic Models

Model specification

Panel data regression

Q:   Are there any good books on Econometrics?

A:

There are many good books on Econometrics. Some of these are as follows:

Econometrics Books

Authors

Essentials of Econometrics

Damodar N. Gujarati

Econometric Analysis

William H. Greene

Mostly Harmless Econometrics: An Empiricist's Companion

Joshua D. Angrist

A Guide to Modern Econometrics

Marno Verbeek

Basic Econometrics

Irwin Economics

Introductory Econometrics: A Modern Approach

Jeffrey M. Wooldridge

Using Econometrics: A Practical Guide

A. H. Studenmund

Top Econometrics Colleges

Econometrics Courses in IIT 

The Department of Humanities and Social Sciences of various IITs provide several courses in Econometrics under the discipline of Economics.  

The following Econometrics courses are available in top IITs: 

Econometrics Course 

Providing Institute 

Econometrics 

IIT Delhi 

Econometric Methods 

IIT Delhi  

Advanced Econometrics 

IIT Kharagpur 

Econometric Theory 

IIT Kanpur 

Econometrics courses are offered in several government and private institutes in India. The candidates must note that Econometrics is not a separate discipline but a branch of Economics. The colleges mentioned below offer courses that include Econometrics as a subject in their course curriculum.

Top Econometrics Course Government Colleges

The candidates can find below some of the government colleges providing Econometrics course along with the total course fee:

Econometrics Course Government Colleges

Econometrics Course Government College Fees (in INR)

University of Madras

3 K

West Bengal State University

-

Top Econometrics Course Private Colleges

The candidates can find below some of the private colleges providing Econometrics course along with the total course fee:

Econometrics Course Government Colleges

Econometrics Course Government College Fees (in INR)

Indian Academy Degree College

10.53 K

SRM Institute of Science and Technology

-

3 K
1.0
1 Course
10.53 K
4 LPA

#105 Outlook

#175 India Today

Q:   Which colleges offer B.A Economics course with low fee?

A:

There are several colleges that offer BA Economics course with an affordable fee structure. Some of these are as follows:

BA Economics Colleges

Average Salary (in INR)

Motilal Nehru College, University of Delhi

540

Hansraj College, University of Delhi

540

Rajdhani College, University of Delhi

540

Shyam Lal College, University of Delhi

540

Motilal9 Ram Sanatan Dharma College, University of Delhi

540

Motilal8 Mahavidyalaya, University of Delhi

540

Deen Dayal Upadhyaya College, University of Delhi

540

Note: The average BA Economics college fees mentioned above may vary depending on the college policies.

Q:   How are placements at Delhi School of Economics?

A:

According to my knowledge and seeing placements record of 2022, Delhi School of Economics (DSE) is one of the most prestigious institutions in India for economics and related fields. The placements at DSE have been quite impressive over the years, with many students securing lucrative job offers across various sectors. However, it's important to remember that placement outcomes can vary from year to year and depend on factors such as the overall economic situation and the job market.

Some key points about placements at Delhi School of Economics:

  1. Diverse Recruitment: DSE attracts recruiters from various sectors, including finance, consulting, analytics, research, marketing, and more. Students pursuing master's programs in Economics, Applied Economics, Business Economics, and other related courses have ample opportunities to explore different career paths.

  2. Reputed Companies: Several top-tier companies, both from India and abroad, visit the campus for placements. This includes prominent consulting firms, investment banks, multinational corporations, and research organizations.

  3. High Salary Packages: Many students have received attractive salary packages during the placement drive. However, the salary packages can vary depending on the roles and industries.

  4. Alumni Network: DSE has a strong alumni network, and alumni often play an essential role in assisting current students during the placement process.

  5. Internships: The school also encourages students to undertake internships, which can enhance their profiles and increase their chances of getting placed in desirable companies.

  6. Academic Excellence: The rigorous academic programs at DSE equip students with valuable skills and knowledge that are highly valued by employers.

It's important to understand that while DSE provides excellent opportunities for placements, success in securing a job ultimately depends on the individual's skills, preparation, and interview performance. Students are encouraged to actively engage in career counseling and skill development activities throughout their academic journey to improve their chances of successful placements.

For the most current and specific information on placements at Delhi School of Economics, I recommend checking the official website or reaching out to the university's placement cell for the latest placement reports and statistics.

Popular Private Econometrics Colleges in India

3 K
1.0
1 Course
10.53 K
4 LPA

#105 Outlook

#175 India Today

Econometrics Course Career Scope: Job Profiles, Salary and Top Recruiters

Candidates who have studied Econometrics can find a wide range of job prospects across the globe. The candidates must note that the salaries of various Econometrics job profiles mentioned below may vary depending on the company.

Econometrics Course Job Profiles

The candidates can find below some of the job profiles that can be pursued by a candidate who has studied Econometrics Course along with the average yearly income:

Econometrics Course Job Profiles

Average Annual Salary

Accountant

3.2 LPA

Auditor

3.3 LPA

Data analyst

6.4 LPA

Financial analyst

5.9 LPA

Risk analyst

7.6 LPA

Econometrics Course Top Recruiters

The candidates who have studied Econometrics are sought after in both government and private sectors.  

Here are some of the top recruiters for candidates who have completed Econometrics courses:

Econometrics Top Recruiters

Deloitte

CRISIL

KPMG

Ministry of Finance

The Economist

RBI

The World Bank

SEBI

IMF

Indian Department of Economic Affairs

Q:   What is the scope of data analyst?

A:
Data analysts with the right set of skill sets and expertise are in demand in a wide range of industries, where business are realizing the potential of enabling analytics in their organization.

Q:   What do you mean by an accountant?

A:

An accountant must undertake a number of duties, including summarising the current financial situation by gathering data, creating balance sheets, profit and loss statements, and other reports. He must also provide evidence of financial transactions through auditing records. In some circumstances, accountants also perform book audits, create financial reports for taxation purposes, and maintain other financial data necessary for business operations. 

Read More: Accounting Career

Econometric FAQs: 2024

Here are some Frequently Asked Questions related to Econometrics:

Q:   Is there any degree course for econometrics? If yes then can you tell me about it?

A:
Yes there is a post graduate 2 year (MA in econometrics) course available in University of Madras and IISc Bengaluru. It is basically an economic course which is concerned with the use of mathematical methods to describe the economic systems. Eligibility to pursue this course is any degree in economics/maths/ physics/engineering with minimum 50% marks.

Q:   Where can I get admission for B.Sc. econometrics course?

A:
Hi dear, 10+2 in any stream from a recognised board Direct Admission followed by Counselling/ Entrance-based Average Course Fee-INR 50,000 to 1.0 lacs Average Starting Salary-INR 1,50,000 to INR 5,00,000 Hope so it will help you.

Popular Econometrics UG Courses

Following are the most popular Econometrics UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Econometrics PG Courses

Following are the most popular Econometrics PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

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Answered 2 months ago

There are many good books on Econometrics. Some of these are as follows:

Econometrics Books

Authors

Essentials of Econometrics

Damodar N. Gujarati

Econometric Analysis

William H. Greene

Mostly Harmless Econometrics: An Empiricist's Companion

Joshua D. Angrist

A Guide to Modern Econometrics

Marno Verbeek

Basic Econometrics

Irwin Economics

Introductory Econometrics: A Modern Approach

Jeffrey M. Wooldridge

Using Econometrics: A Practical Guide

A. H. Studenmund

K

Keerthana Sundara Vadivel

Contributor-Level 10