What are econometrics courses?

Econometrics explores the relationship between statistical analysis and empirical content. It analyzes economic variables using mathematical models to make predictions and forecasts and to explain consistently occurring incidents. Economic models are a good match for statistical methods.

Is econometric difficult?

I find Econometrics is an interesting study because it is in-depth and challenging. You have to spend some time on the maths, but once the penny drops, it is really easy.

How tough is econometrics?

Nothing is hard if you have the right basic knowledge and love what you do. If you are good at maths especially familiar with matrices stuff, and you like statistics, then econometrics is easy, the absolute side bonus is you get to learn economics. Go for it, you will get much joy from it.

What are the best books on econometrics for beginners?

Some of the important books are listed below. Econometrics by DamodarGujrati – This is a beginner’s level book on econometrics and perhaps one of the best guide to econometrics concepts available in the market. It gives a brief recap of the concepts of statistics (in Appendix) which are widely used in Econometrics.

What is the best book to learn economics by example?

Econometrics by Example follows a unique learning-by-doing approach which doesn’t rely on complex mathematics and theory. This book is a must read for beginners to get an understanding of the practical side of Econometrics.

How can econometrics be used to study complex economic problems?

For example, econometrics can help one study how much of the gender pay gap is explained by one’s educational level and experience. However, the use of statistical techniques in econometrics to explain complex economic problems makes it difficult for a student to grasp the concepts especially if there are no guided and organized lectures.

How to clear doubts while studying econometrics?

First, the student can contact the teaching assistant of the econometrics professor and schedule doubt clearing sessions. Moreover, the student can resort to peer-to-peer learning where his/her classmates can tutor on some of the concepts which are difficult to understand.