Study Economics and Econometrics in Top Universities
In the undergraduate Economics and Econometrics program, students can choose from a wide range of economics and econometrics-related electives. Econometrics is the use of statistical techniques in economic models in order to estimate their parameters using data. Economists use this to assess the impact of legislation and other events on the economy, as well as to validate or reject theories.
Although controlled experimentation is used in natural sciences to determine the effect of one thing on another, economists must rely on econometrics since it is difficult to keep the economy stable while manipulating a single variable. The scientific tools of econometrics can be used to solve the problem.
Along with the several required econometrics courses and the applied economics dissertation, students will be able to select from a vast list of electives from the Schools of Economics, Finance, and Management over their three years in the program.
What is Economics?
Economics is one of the most popular fields of study in the world. Economics is a discipline that will always be in demand in the job market, and it offers a wide range of career options.
How people's actions affect the production and distribution of goods and services is the focus for the discipline of economics. Undergraduate students in the field of economics go to nations other than the usual suspects like the United States and the United Kingdom, such as:
- Bachelors in Economics in Turkey
- Bachelor’s in Economics in the Netherlands
- Bachelor’s in Economics in Ireland
- Bachelor’s in Economics in Italy
Research methods, international economics, public finance, microeconomics, macroeconomics, and banking are all included in a Bachelor of Economics degree.
What is Econometrics?
In econometrics, students can learn and practice arithmetic, statistics, and computer science. Analyzing data is taught to students in this course.
Econometrics may be used to anticipate how much money a marketing approach will bring in. Is it worth it to spend an additional dollar on a project? Economists can use econometric methods to calculate that.
To name just a few, here are some great places to study Econometrics:
- Vrije Universiteit Amsterdam, in Amsterdam, Netherlands
- Tilburg University, in Tilburg, Netherlands
What to Expect from Economics Degree?
As a subfield of social science, economics examines the full spectrum of factors that impact monetary circumstances and behavior. People and organizations use and share Earth's resources well, from production to distribution, as part of the economic analysis. All of these disciplines must be studied at both the international and the national level in order to understand the world around us better.
The two fundamental fields of economics are microeconomics and macroeconomics. Among the many topics covered by microeconomics is the behavior and interactions of individuals, families, enterprises, and customers. There are many issues that are studied in macroeconomics, but some of the most important ones are: unemployment, inflation, and GDP growth, monetary and fiscal policy.
Seminar professors frequently receive written assignments in addition to class presentations when awarding economics degrees. In some universities, grades are based on exams, assignments, or project reports.
To recap, B.A. and B.Sc. degrees are two options for students interested in economics. Mathematics, statistical theory, and methods for applying mathematics to economic theory are likely to be the focus of the second section. Of course, classes in mathematics are part of an economics bachelor's degree program. However, these are usually supplemented with courses in more subjective fields like sociology and psychology.
Students who earn a BA or B.Sc. in economics have the opportunity to apply economic theory and empirical research to policy and business/financial issues. Since statistics and information technology are key components of the job, applicants should be well-versed in both, as well as a keen interest in current events and the people around them.
Economists are commonly awarded honors degrees in conjunction with other fields such as computer science and engineering, history and law as well as sociology and management.
Job Prospects: Economics & Econometrics
Job Prospects for candidates having Economics degree:
- Financial Risk Analyst
- Investment Analyst
- Management consultant
Job Prospects for candidates having Econometrics Degree:
- Risk Management Consultant
- Financial Advisor
- Financial Controller
Top Economics & Econometrics Universities in the World
According to the QS World University Rankings 2021 (Subject Wise), here is the list of the top 10 universities in the world to study Economics and Econometrics.
- Massachusetts Institute of Technology (MIT), United States
- Harvard University, United States
- Stanford University, United States
- Princeton University, United States
- The University of California, Berkeley (UCB), United States
- London School of Economics and Political Science (LSE), United Kingdom
- The University of Chicago, United States
- Yale University, United States
- University of Oxford, United Kingdom
- The University of Cambridge, United Kingdom
Top Economics & Econometrics Universities in the United States of America and Canada
One hundred and nineteen universities in the US and Canada each offer economics programs, giving North America a record number of economics schools in the world's top 50 this year.
MIT has surpassed Harvard University in economics instruction this year, making it the best in the world. The intellectual reputation of MIT is impeccable. The Nobel Prize-winning economics research at MIT is constantly being incorporated into the university's economics curriculum.
In addition to the top 10 programs in the world, the United States has 13 programs in economics ranked among the top 50 worldwide. Notable universities include Columbia University (11) and New York University (12), as well as the University of Pennsylvania (13) and Northwestern University (13). (14th). According to our research colleagues at Elsevier, the United States is not only the world's leading economy in terms of performance, but it also leads in terms of performance with three of the top five economics research papers coming from (or in conjunction with) US institutions.
University of Toronto (22nd) and University of British Columbia (50th) are Canada's two economics-focused universities that rank in the top 50 worldwide (23rd). When faculty research productivity is measured by citations per manuscript, both institutions come out on top. It is well known across Canada that the economics department's research has affected government policy on issues such as taxes and minimum wage rates.
Top Economics & Econometrics Universities in Europe
In Europe, there are 214 of the world's best economics and econometrics schools. There are 51 of these in the United Kingdom, six of which are placed in the top fifty.
The London School of Economics and Political Science in the United Kingdom is home to the world's top-ranked European economics programme (LSE). Nearly all of the key developments in economics during the past half-century have come from members of the LSE Economics Department, which is home to 10 Nobel Prize winners.
The economics and econometrics programme at the Università Commerciale Luigi Bocconi in Italy is the best outside the United Kingdom and the United States (18th). The institution maintains close ties with major corporations, which leads to an increasing employer reputation index rating for the university. The ranking of economics schools this year features 21 Italian institutions.
Two German colleges are among the world's top 50 in economics, according to the latest rankings. With a global teaching technique and reputation for its economics courses, Universität Mannheim (joint 40th) is the most highly ranked of these institutions. About one-fifth of German research papers were published in the top ten percent of academic journals worldwide, according to Elsevier.
Top Economics & Econometrics Universities in Asia
94 of the world's top economics and econometrics universities are located in Asia.
Mainland China boasts the most, with 24 world-class institutions, including two ranked among the world's best fifty. Numerous institutions have risen in our Economics topic rankings in mainland China, which has seen an overall boost in the country's standing. There has been a noticeable increase in China's competitiveness this year, as demonstrated by our other themes. The economics program at Peking University is ranked 24th in the world, demonstrating the university's commitment to helping students acquire practical problem-solving and data analysis skills. In a tie for 25th place this year, Tsinghua University has a great employer reputation.
In terms of the number of institutions, Japan is second only to the United States in Asia with a total of 13. Overall, the University of Tokyo is the finest of the bunch, despite a two-place drop.
Top Economics & Econometrics Universities in Australia and New Zealand
Twenty-one of the world's top universities for economics and econometrics are located in Australia. In total, five of them rank in the top 50 worldwide. There are several career paths open to students who graduate from the University of Melbourne's (tied 30th) economics program with a strong foundation in problem-solving and data analysis.
With an employer reputation score of 38th, the University of Sydney (equal 38th), is one of the finest in the country. A former Prime Minister, the presidents of the World Bank and the Reserve Bank of Australia are among the school's alumni, as are a slew of other high-ranking officials in the Treasury and other policy sectors.
At the top of the country, the University of Auckland (tied 96th) offers the most prestigious economics and econometrics degrees, with a flawless score for the university's reputation as an employer.
Top Economics & Econometrics Universities in Latin America
A total of 25 courses in Latin American economics have been rated this year.
It's in Brazil, where eight of the country's top universities offer outstanding economics departments. The finest of the bunch, Fundaço Getulio Vargas, comes in at position 101-150. Because of the large number of research institutes that create a large amount of educational research, it has a high citation rate for its publications.
With five economics programs ranked, the Universidad de Los Andes Colombia (Uniandes, 151-200) has the best reputation with employers. Uniandes aims to achieve academic excellence while simultaneously promoting the growth of students' character. The school's graduates are in high demand because of this one-of-a-kind mix.
Top Economics & Econometrics Universities in Africa and the Middle East
Seven of the world's best economics and econometrics schools are located in Africa. One pair is in Egypt, the other two are in South Africa. Rankings for South African universities have improved by 50 spots this year as they move up from 351-400 in the country.
While just two Egyptian universities appear on the list this year (Cairo University and the American University of Cairo), both have seen their ranks climb by 50 spots this year. The university's four-year economics programmes aim to educate students in economics, statistics, and politics.
Eight institutions from the Middle East have been included in this year's rankings. Hebrew University and Tel Aviv University, both located in Israel, are among the world's top 200 universities.
University of Tehran (401-450) in Iran and King Abdul Aziz University (201-250) in Saudi Arabia have both ascended to the top 50 this year, as has the United Arab Emirate's University (451-450).
How We Help
Our experienced consultants will guide you throughout your journey in pursuit of higher education and admissions into your dream universities/colleges. In specific but not limited to, following areas of assistance is provided by our consultants:
- Complete Profile Evaluation
- Guidance on curriculum and subject selection for high school (A levels, IB, IGCSE etc)
- STEM Coaching - Physics, Chemistry, Biology, Business, Maths, Economics, English and many other subjects
- Preparation of different standardized tests - Undergraduate and Postgraduate
- Helping you to build your profile by guiding you on leadership skills, co-curricular activities, internship, online courses etc.
- Shortlist and finalize the best-fit college / university
- Research the right programs / courses for students
- Craft academic CV
- Brainstorm ideas for essays and personal statements
- Draft pointers for recommendation letters
- Scholarship and Financial Aid guidance
- MMI and Panel Interview Preparation
- Submission of the application form
- Follow up with the universities and updating the status of the applications
- Visa assistance and guidance
- Assistance on safe accommodation options
- Pre-Departure Guidance