Econometrics Course: Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope
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
- Econometrics Course Eligibility Criteria
- Types of Econometrics courses
- Econometrics Online Course
- Econometrics Course Entrance Exams 2024
- Econometrics Syllabus
- Top Econometrics Colleges
- Econometrics Courses in IIT
- 8.1 Top Econometrics Course Government Colleges
- 8.2 Top Econometrics Course Private Colleges
- Econometrics Course Career Scope: Job Profiles, Salary and Top Recruiters
- 9.1 Econometrics Course Job Profiles
- 9.2 Econometrics Course Top Recruiters
- Econometric FAQs: 2024
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 |
|
Duration |
|
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?
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?
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 |
|
PG |
|
PhD |
|
Q: I belong to arts stream and I have not studied Maths or Accountancy. Can I apply for BA Economics?
Q: What is the eligibility criteria to get admission for MA economics?
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 |
---|---|---|---|
Coursera |
66 HOURS |
Free |
|
IIIT Delhi |
12 weeks |
Free |
|
Coursera |
30 HOURS |
Free |
|
Coursera |
27 HOURS |
Free |
|
Coursera |
2 HOURS |
Free |
Q: What is BA Economics?
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)?
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 |
---|---|---|
27 Apr '24 - 14 May '24 |
||
15 May '24 - 31 May '24 |
||
Jul '24 |
||
Mar '25 (Tentative) |
||
University Grants Commission National Eligibility Test (UGC NET) |
10 Jun '24 |
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?
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?
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?
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) |
---|---|
3 K |
|
- |
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) |
---|---|
10.53 K |
|
- |
Q: Which colleges offer B.A Economics course with low fee?
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) |
---|---|
540 | |
540 | |
540 | |
540 | |
540 | |
540 | |
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?
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:
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.
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.
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.
Alumni Network: DSE has a strong alumni network, and alumni often play an essential role in assisting current students during the placement process.
Internships: The school also encourages students to undertake internships, which can enhance their profiles and increase their chances of getting placed in desirable companies.
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
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?
Q: What do you mean by an accountant?
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?
Q: Where can I get admission for B.Sc. econometrics course?
Popular Econometrics UG Courses
UG Courses
- B.A.
2 Colleges
News & Updates
Student Forum
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 |
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Are there any good books on Econometrics?