What is Econometrics?
Econometrics is application of statistical methods to economic problems. For example, econometrics can be used to determine which factors predict whether a borrower will default on a loan and can be used to forecast trends.
What can I expect to gain with an Applied Econometrics Certificate?
A competitive edge in the marketplace. Individuals who can answer problems using data are in high demand in the job market. All courses in the Applied Econometrics Certificate focus on using data and statistics to answer questions and solve business related problems.
What types of jobs are available for someone with training in Applied Econometrics?
Econometrics skills are in high demand in both the corporate world and the public sector. In the business world, a few examples of areas in which those with econometrics training work are financial analysis, forecasting, market research, logistics, and quality control. Econometrics training is also useful for government jobs. Policy makers need hard evidence on which to base their decisions; data must be collected, analyzed, and presented in a convincing way. State and Federal Government departments, such as the Federal Reserve and the Office of the Comptroller of the Currency, regularly seek graduates with econometric skills.
The Graduate Certificate in Applied Econometrics provides students with a strong foundation in applied econometrics, a skill set that is increasingly in demand. In addition, students considering graduate study in economics have the opportunity to explore material prior to formally committing to a full graduate degree program. The certificate program requires completion of 12 graduate credit hours of coursework in econometrics (4 courses).
This 12-credit certificate program consists of:
Core Requirements (9 credit hours):
- ECON 6112 Graduate Econometrics (3)
- ECON 6217 Advanced Microeconometrics (3)
- ECON 6218 Advanced Business and Economic Forecasting (3)
Plus 1 of the following 2 elective courses (3 credit hours):
- ECON 6219 Financial Econometrics (3)
- ECON 6257 Applied Computational Economics (3)
In addition to the general requirements for admission to the Graduate School, the following are required for graduate study in Economics:
- A bachelor’s degree, or its equivalent, from a regionally accredited college or university
- GPA of at least 2.75 (based on a 4.0 scale) on all previous work completed beyond high school (secondary school).
- An online application through the Graduate School’s application system
- A statement of purpose
- Unofficial transcripts of all college course work attempted
- Official and satisfactory scores on the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS), if English is not the applicant’s native language and he or she has not earned a post-secondary degree from a U.S. institution