Econometrics and Quantitative Economics
Studying with a focus on quantitative
economics and econometrics equips students with the knowledge and skills
necessary to examine economic problems, investigate relevant theories, and make
informed forecasts by employing appropriate statistical methods and
mathematical models. The course emphasizes the cultivation of analytical
abilities and includes a mix of economic theory, mathematical instruments, and
practical applications. The key results from mathematical models of economic
behavior are derived using calculus and linear algebra techniques. Economic classes help students make sense of
the interplay among private enterprises, families, and governments by
emphasizing the practical implications of theoretical concepts. Statistics and
econometrics courses aim to teach students how to use data in the context of
conducting empirical tests of the theories they are learning. Since modern
economics places a premium on technical and mathematical methods and arguments,
this concentration is ideal for those interested in pursuing advanced degrees
in the discipline or entering professions that need a high level of analytical
thinking.