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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The objective of econometrics is to measure economic relations. Therefore, the Introduction to Econometrics certification course by Swayam aims to use financial data, mathematical models, and statistical tools to bring empirical evidence to various economic theories. The course is equipped with theory concepts as well as practical training, allowing candidates to apply and practice problems and solutions.
The Introduction to Econometrics certification syllabus covers numerous technical concepts like classic linear regression model, multiple linear regression model, application of F statistics, dummy variable models, qualitative response models, and the like. The course deals not only in economics but also in social science and pure science.
Besides, the Introduction to Econometrics online course is taught by eminent Prof. Sabuj Kumar Mandal from the prestigious IIT Madras. This 12-week, AICTE approved course helps students get a broad overview of econometrics, data analysis, humanities, and social sciences and prepares them to explore the field further.
The Highlights
- Undergraduate level
- AICTE approved, FDP course
- E-certificate on completion
- Elective course
- Final assessment
- Weekly assignments
- 12-week course
- Free course
- 100% online course
Programme Offerings
- Final Assessment
- Undergraduate level
- 100% online course
- AICTE approved
- FDP course
- free course
- E-certificate on completion
- 12-week study
- elective course
- Weekly Assignments
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 1000 | yes | IIT Madras (IITM) |
- The Introduction to Econometrics online course is a free course but to avail a certificate, candidates must pay a fee of Rs 1,000.
The Introduction to Econometrics fee structure
Course option | Fee |
Introduction to Econometrics (Audit only) | Free |
Introduction to Econometrics (With certificate) | Rs 1,000 |
Eligibility Criteria
Anyone who wants to join the Introduction to Econometrics online program should know inferential statistics as it’s a prerequisite to the course.
Certificate Qualifying Details
All candidates must attempt all the weekly assignments and the final examination to be eligible for the certificate.
What you will learn
Once candidates finish the Introduction to Econometrics Certification syllabus, they will learn the following:
- All about econometric analysis
- Understanding regression analysis
- How to perform hypothesis testing
- How to apply F statistics
- All about the linear regression model
- Understanding dummy variable models
- All about Heteroskedasticity
- Understanding quantitative response models
Who it is for
The Introduction to Econometrics certification course is for anyone interested in data analytics or who wants to pursue a career in econometrics such as students, professionals, or researchers.
Admission Details
The Introduction to Econometrics Certification program by Swayam requires candidates to register on the platform as given below:
- Visit Swayam’s official website: https://swayam.gov.in/
- On the search bar, type the course name, “Introduction to Econometrics” and click on it below.
- On the course page, click on the “Join” button to the top left, to get directed to the account creation page.
- Here, to create an account, candidates need to login on to the platform with their existing email IDs or create a new one.
- A verification mail will be sent upon successful registration. Once verification is done, candidates can start to learn the course.
Application Details
Interested learners of Introduction to Econometrics training must register for the course on the Swayam platform by creating a new account by giving their name, email id, and password. Alternatively, they can sign up using their existing Google, Microsoft, or Facebook IDs. Candidates do not need to fill any application form.
The Syllabus
- Introduction to Econometrics
- Econometric Analysis
- Steps involved in Econometric Analysis
- Introduction to the classical linear regression model
- The two-variable classical linear regression model
- Assumptions of Classical Linear Regression Model
- Classical linear regression model assumptions
- Properties of ordinary least square estimators
- Estimation of the regression model
- Regression analysis: Objective
- Statistical Analysis
- Interpretation of results
- Hypothesis testing-Types of Hypothesis
- Test statistic
- Critical Region
- Hypothesis testing: Level of significance and confidence interval approach
- Goodness of Fit(R^2): Concepts of Explained Sum of Squares (ESS)
- Residual Sum of Squares
- Total Sum of Squares
- Multiple Linear Regression Model: Interpretation of the model
- Statistical Analysis
- Interpretation of the results
- Model misspecification: R^2 vs Adjusted R^2
- F statistics
- Application of F statistics
- Overall significance of the model
- Equality between two regression coefficients
- Testing the validity of linear restricted and Unrestricted models
- Application of F statistics: Testing structural break in Time Series data
- Chow test
- Limitations of chow test
- Dummy Variable models: Introduction
- Different types- ANOVA, ANCOVA
- Dummy variable models continued
- Application of Difference-In-Difference for impact evaluation
- Statistical Analysis of the Dummy variable models
- Dummy variable model for testing seasonal fluctuation: Introduction, Analysis, Dummy variable trap
- Relaxing the assumptions of Classical Linear Regression Model: Multicollinearity-Introduction-Consequences-Detection-Remedial measures
- Autocorrelation-Introduction-Consequences-Detection-Remedial measures
- Heteroskedasticity: Introduction- Consequences-Detection-Remedial measures
- Qualitative Response Models: Linear Probability Model, Logit Model
- Qualitative Response Models: Probit model
- Alternative measures of Goodness of Fit (R^2) in Qualitative response models
- Logit vs Probit model selection
- Limited dependent variable model/ Tobit Model
Evaluation process
The precondition to the certificate eligibility is candidates must score a passing percentage of 40% in the weekly assessments and an average of 40% in the final evaluation. Students won’t receive a certificate if they fail to meet these criteria.
Instructors
IIT Madras (IITM) Frequently Asked Questions (FAQ's)
Yes. The course is AICTE approved.
The course is categorized under elective type.
Yes. The Introduction to Econometrics online course is for students who have a basic understanding of Inferential statistics.
For the final examination, all candidates must secure an average of 75% as a passing criterion.
Yes. The Introduction to Econometrics course can be audited for free.