Economics

Economics is the study related to the production, distribution, and consumption of goods and services through statistical data, modelling, and economic theories. Economists seek to understand, assess and explain the mechanisms of markets and economics to increase efficiency and productivity. An Econometrics degree enables students to gain skills to use statistical methods to analyse economic data. They learn to analyse the relations between economic phenomena and make predictions and decisions. The study helps develop effective economic models, leading to problem-solving, to test new theories and analyses of data. Econometrics is based on quantitative analysis of various economic phenomena. It includes Algebra, Micro & Macroeconomics, Finance, Markets, and Operations Research.