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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 Applied Econometrics certification course is a 12-week duration programme. The certification course covers an extensive curriculum that covers instrumental variable (IV) estimation and two-stage least squares, simultaneous equations models, and others. The prerequisite for this course is the students must know inferential statistics and basic econometrics.

This certification course can be pursued by anyone interested in data analysis. The Applied Econometrics certification by NPTEL is supported by banking, analytics, audit firms, and other industries. With the leading experts in the field, the students will gain hands-on training experience in data analysis and can apply it in real-world situations.

Also Read: Online Economics Courses & Certifications

The Highlights

Video Course
12 Weeks Course
Completion Certification

Programme Offerings

assignments
Transcripts

Courses and Certificate Fees

Fees Informations	Certificate Availability	Certificate Providing Authority
INR 1000	yes	IIT Madras

Eligibility Criteria

Academic Qualifications

The students must know Inferential statistics and Basic econometrics to join the Applied Econometrics certification course.

Certification Qualifying Details

Upon the completion of the Applied Econometrics certification course, the students must write the exam and qualify with the required marks to receive the certification.

What you will learn

Knowledge of EconometricsKnowledge of Economics

After completing the Applied Econometrics certification syllabus the students will gain in-depth knowledge of applied econometrics and measure economic relationships using real-life examples. They will also learn to formulate an econometric model to analyse the data and pool cross-sections across time: simple panel data models and advanced panel data models (static).

Upon completion of the Applied Econometrics training, the students will be able to establish any cause-effect relationship in their preferred areas of interest such as economics, finance, management, engineering and science. With the leading industry experts support, the students will gain expertise in econometrics.

Who it is for

AccountantBusiness AnalystMarket Research AnalystOperations Analyst

The Applied Econometrics online course is designed for students and working professionals to develop their skills and knowledge. This course is also beneficial for:

Admission Details

To enroll for the Applied Econometrics classes, follow these steps:

Step 1: Browse the link mentioned below:

https://nptel.ac.in/courses/110106165

Step 2: Students can "Login In" and Sign In with a Google account or create a separate account.

Step 3: Fill out the registration form with the necessary details, submit it and join the course.

The Syllabus

Omitted variable bias
Statistical inference with IV estimator
IV estimation of the Multiple Regression Model
Two stage least squares with single and multiple endogenous explanatory variables
Examples and estimation using the statistical software STATA

The nature of simultaneous equation models
Identifying and estimation of a structural equation using reduced form
Systems with more than two equations
Examples and estimation using the statistical software STATA

Pooling Independent Cross Sections across Time
Policy analysis with pooled cross sections
Two-period panel data analysis
Policy analysis
Examples and estimation using the statistical software STATA

Fixed effects estimation
The dummy variable estimation (LSDV)
Random effects model
Random effects or fixed effects model?
Examples and estimation using the statistical software STATA

Dynamic panel data (DPD) setup
Correlation lagged dependent variable and the error term (Nickell bias)
Anderson and Hsiao estimation
Arellano and Bond estimation
System Vs Difference GMM estimation
Examples and estimation using the statistical software STATA

Distributed Lag models
Testing for unit roots
Cointegration and error correction models
Examples and estimation using the statistical software STATA

Panel unit root test
Panel cointegration
Panel vector error correction model
Examples and estimation using statistical software STATA

The linear probability model
The Probit and Logit model
Multinomial logit, conditional and mixed logit models
Ordered-response models
Estimation of logit and probit using panel data
Censored and truncated variables
The Tobit model
Heckman’s selection model

Evaluation process

The students must score a minimum of 25 percent in assignments and 75 percent in the written exam out of a total of 100. The examination fee is Rs 1000.

Instructors

IIT Madras Frequently Asked Questions (FAQ's)

1: What is the duration of the Applied Econometrics training?

The certification course spans 12 weeks, providing students with an extensive understanding of applied econometrics and its practical applications in real-life scenarios.

2: What is the Applied Econometrics online course curriculum?

The comprehensive curriculum covers various topics such as business fundamentals, development strategies, industry structure and company analysis, market and competitor analysis, and connecting with customers and business and market segments.

3: Who is the intended audience for the Applied Econometrics certification course?

The course is designed for anyone interested in data analysis, including students, professionals, and individuals looking to enhance their skills in applied econometrics. It receives industry support from banking, analytics, and audit firms.

4: Does the Applied Econometrics online course provide study material?

Yes, the course website offers students access to transcripts, videos, and assignments to facilitate a deeper understanding of the subject matter.

5: What is the minimum score required for candidates to pass the NPTEL Online Certification?

Candidates must achieve a minimum of 10 out of 25 percent in the assignment and 30 out of 75 percent in the final proctored examination to successfully pass the NPTEL Online Certification.