Also known as: Quantitative Economics, Applied Economics (Quantitative)
A program that focuses on the systematic study of mathematical and statistical analysis of economic phenomena and problems. Includes instruction in economic statistics, optimization theory, cost/benefit analysis, price theory, economic modeling, and economic forecasting and evaluation.
Graduates often work as data scientists, economists, quantitative analysts, and consultants in financial institutions, government agencies, and research firms. They apply their skills to forecast market trends, assess policy impacts, and optimize business strategies.
Impact of AI on this Study
AI significantly impacts econometrics by providing advanced tools for big data analysis, machine learning models for forecasting, and automated algorithms for pattern detection. This enhances the precision and scope of economic analysis and prediction.