Learn Econometrics Online: 7 Best Econometrics Online Courses & Certifications [Updated March 2023]

About the course 

Speaking of the best econometrics courses, right at the top of our list is a Coursera course, which has a rating of 4.6. More than 1.3 lac students have enrolled for this course. 

Do you wish to learn to analyze and solve economic and business questions via the use of data analysis tools? If yes, this course by the Erasmus University Rotterdam is one of the best econometrics courses for you. 

In this course, you will learn the right way to translate the data into models to enable decision making and forecasts. 

Now, before taking up this course for an econometrics certificate online, we understand that you may have some apprehensions regarding the kind of assistance you will get. So, will you have the teaching assistance to guide you through the course? Well, yes. The Ph.D. students and staff of the Econometric Institute will offer the requisite guidance in Jan and Feb every year. On the other hand, for the rest of the months, you will get only elementary guidance. However, you can connect with your fellow learners who have joined this course to learn econometrics online. It will give you a platform to discuss exercises and topics. 

Further, upon successful completion, you will be lauded with a shareable econometrics certificate online. This certificate can be shared online on social media platforms, such as LinkedIn, or download and print the certificate and include it in your CV. Either way, the certificate does better your chances of landing a job. It is an online self-paced course. So, you can start and complete your schedule with flexible deadlines. This course takes about sixty-six hours to complete. The course is available in English, but you can get the subtitles in Spanish, English, Russian, Portuguese (Brazilian), and French. 

What will you learn? 

The course begins with introductory lectures on multiple and simple regression. It is further followed by special interest topics that can enable you to deal with binary choice data, endogenous variables, time-series data, and model specification. You can learn all these vital econometrics topics by watching the videos that have in-video quizzes and making the most of several post-video training exercises. 

What do you need?

To undertake this econometrics certificate online, you need to fulfill some prerequisites. Firstly, the course is ideal for advanced undergraduate students from the fields of engineering, finance, economics, business, and data analysis. Additionally, it is also suitable for students who are already employed in this field. 

For undertaking this course to learn econometrics online, you will require some fundamental knowledge of statistics, probability, and matrices that are reviewed further in the Building Blocks module. If you seek a MOOC on econometrics that is more of introductory nature and needs little to no mathematics background, this is not the best online econometrics course. In this case, however, we would recommend you to undertake the Enjoyable Econometrics course, which is also a Coursera course offered by the Erasmus University Rotterdam. We will discuss that later in this article.

Will you get a certificate?

As it is one of our top preferred econometrics online courses, there is a lot more to it than just learning. You can be eligible to receive certification from the Erasmus University Rotterdam. However, to avail this, you will be asked to make six Test Exercises, that is, one for every module, along with a case project. Additionally, you will be performing some peer-reviewing activities of three of your fellow learners enrolled in this course. Hence, you will get your econometrics certificate online if you pass all seven assignments. 

Learning Outcomes

Being recognized as one of the best online econometrics course, there are certain learner career outcomes associated with the course:  

• Thirty-one percent of people who completed the course were able to start a new career. 
• Twenty-nine percent of people who completed this course received a tangible benefit from the course. 
• Twenty-one percent of people who completed this course received a promotion or pay hike. 

About the course 

Next in line for the best econometrics courses is a reputed course by Udemy. The course has a rating of 4.3 and is one of the bestselling econometrics online courses.

As one of the top econometrics online courses, it will help you understand the primary Econometric theories. It will also provide you with an intuitive framework to develop your knowledge. For most people understanding econometrics can feel a bit challenging. However, enrolling in this course will help you have a solid foundation, which can help you prepare for the specific College or University’s Econometrics exam.

Most of the best econometrics courses start at more than 50 USD per hour. However, this is not the case with this Udemy. This course is available at 74 USD and spans over four hours. In addition to the video content, it also offers additional value by providing you with unlimited access to the material. More so, since it is a 100% online course, you can pause, fast forward, or rewind the content to ensure better retention. 

Your educator’s aim through this course is to provide you with a complete understanding of the vital Econometrics theories. So, after you have signed up for the course once, please do not hesitate. You can reach out to the educator if you feel that many topics need more clarity.  

The good thing about the course is that it comes with a 30-Day Money-Back Guarantee. Further, the course comprises four hours of on-demand video and 13 downloadable resources. With the course, you get complete lifetime access, and you can view the course on your TV and mobile. Following the completion, you will be awarded a shareable certificate of completion.

What will you learn? 

There is a lot that this course can teach you. Some of the vital things that this course will teach you are: 

• Through this course, you will be able to understand the key Econometric theories and offer an intuitive framework to build on. Please bear in mind Econometrics often feels overwhelming. However, with this course, you will have a solid foundation, which will enable you to prepare for the college or the university’s econometrics exam.
• You will learn multiple and simple linear regression. 
• You will develop the requisite knowledge of Gauss Markov theory ad assumptions. 
• The course will help you master the finite sample properties of the Ordinary Least Squares Method. It also includes proof of unbiasedness.
• The course will make you competent in Hypothesis Testing. It includes the Chi-squared, Normal, t, F tests. 
• Knowledge of Heteroskedasticity and Homoskedasticity. 
• Grasp the Variable Misspecification, which includes a relevant variable, including the irrelevant variable. 

What do you need?

To learn econometrics online with this course, as much as it is ideal, you don't need to have knowledge of linear algebra and basic university statistics. 

Who is it for?

For students studying Econometrics at their college or university, and need some understanding or assistance, this is the course for you. This is also the best online econometrics course for a student who wishes to learn faster and in a more efficient manner. Regardless of everything, it is one of the bestsellers econometrics online courses and will give you a complete overview of the subject quickly. 

About the course 

At number three in line for the best econometrics courses is a Coursera course offered by the Erasmus University Rotterdam. Erasmus University Rotterdam's primary reason for drafting this course is to emphasize that the econometric methods and models can be applied to a more unconventional setting. These are mostly the settings wherein the practitioner needs to collect the data first. Such a collection can be performed by carefully combining the database, running experiments, and conducting the surveys. The by-product of collecting the data is that it helps to select amongst the potential techniques and methods, which are prevalent. 

It is a 100% online course for you to learn econometrics online. So, you can start instantly and move at your own pace and schedule. The course has flexible deadlines. This implies that you can fix and reset the deadlines as and how you like it, according to your schedule. 

What will you learn?

On enrolling in this Coursera course to learn econometrics online, you will pick on a bunch of things. These include: 

• The three basic econometrics methods. 
• Applying the different econometrics models to the day-to-day examples. 
• Interpreting and carrying out several basic analysis strategies, such as distribution, regression, and correlation. 
• Asking vital questions, which can be analyzed with certain basic tools. 

About the course 

The next best online econometrics course that we have found for you is a Udemy course. It is one of the best econometrics courses, which is quite a hit amongst the students. This is the reason why this course has a rating of 4.5 and is one of the bestsellers. 

The primary reason why we recommend this econometrics certificate online course to you is that in every section of the course, you will be learning a new technique. Your educator for the course has sub-divided the learning process into three parts. In the first part, there is an overview of the use cases. So, under this, your educator will draw examples from the business literature and his own experience, wherein you will understand how the Econometric technique is applied in a real-life situation. 

In the second part, there are intuition tutorials. In this, the educator aims to understand why this technique makes so much sense. All of the tutorials to learn econometrics online in this part are based on the business situation. 

Finally, in the last part of this econometrics certificate online course, there will be practice tutorials. Herein you will code and solve an economic or a business associated problem. You will get a minimum of one practice tutorial for every section. 

How this course stands out?

Here, we will discuss with you four reasons why this econometrics certificate online course is relevant and stands out from the other econometrics online courses. 

Complete Course Structure Comprising The Most Impactful Econometric Techniques. 

In this best online econometrics course, your educator has tried to include all the techniques they believe will be detrimental to your career. It includes Operations, Finance, HR, or Marketing. All the other company departments can also make the most of these casual techniques. Here is a list of techniques that are included: 

1. Difference-in-differences
2. Google's Causal Impact
3. Granger Causality
4. Propensity Score Matching
5. CHAID

Business examples to foster intuition

Every section begins with an overview of business cases and studies, wherein every econometric technique is employed. The educator will employ the examples, which have been gathered via their own professional experience and upon reading the comprehensive business literature. The objective is to provide you with the intuition of where these must be applied in the current job. Towards the end of every intuition tutorial, you will be in a position to effortlessly explain the concepts to your stakeholders, managers, and colleagues. 

Here are a few examples: 

1. Impact of M&A on organizations. 
2. Having an understanding of how the weather has an impact on the sale. 
3. Measuring the brand campaign impact. 
4. Understanding the impact of social media marketing on sales. 
5. Understanding the impact of influencer marketing on sales. 
6. Investigating and gauging customer satisfaction drivers.

Challenging problems for application

For every section, there is at least one economic or real business dataset. So, in this section, you will apply all that you have learned in this best online econometrics course. 

Here are some kinds of problems that you will work on in this section: 

1. Assessing the results by providing the employees with training. 
2. Measuring the result of the Cambridge Analytica Scandal on the stock price of Facebook. 
3. Ranking the drivers on reasons why people leave their jobs. 
4. Challenging the idea that increasing the minimum wage can lower employment. 
5. Solving the centuries-old problem - who came first - egg or chicken? 

Hands-on coding 

In this section, you and your educator will together learn to code. In every practice tutorial, you will be working right from scratch and building the code line by line. As an online student learning coding, this is certainly the best way to learn. 

Overall, it is one of the top econometrics online courses and is packed with intuition tutorials, cases, and hands-on training. More so, this course will help you learn econometrics online, along with its routine application. 

What will you learn?

If you enroll in this course to learn econometrics online, you will not regret your decision. The course has a lot for you to learn. Some of the things include: 

• The Econometric use cases in the business world
• Google's Causal Impact
• CHAID
• Regressions and t-tests
• R for Econometrics
• Granger Causality
• Python for Econometrics
• Propensity Score Matching
• Difference-in-differences

What do you need?

To take up this course, there are a few prerequisites. 

• It would be best if you were thorough with the basic high school math. 
• You should be aware of the basic statistics and know the fundamentals of mean, median, and mode. 

The educators have done their bit to ensure that your interests are guarded. We say so because the course comes with a 30-Day Money-Back Guarantee. This implies that if you are not satiated with what comes your way during this period, you can return it and get your money back. More so, the course comprises 10 hours of on-demand video, 14 articles, and 12 downloadable resources. Another one of the top things about this course wherein you learn econometrics online is that you get complete lifetime access to all the course resources. You can view the course on your TV and mobile. After you are done with the course, you will be awarded an econometrics certificate online. It is a shareable certificate. So, you can download and print the certificate and include it in your CV, or you can export the certificate and share it on your LinkedIn.

Who should take this course?

It is one of the top-ranking econometrics online courses and can be availed by: 

• Recent graduates and students who are interested in data science and econometrics. 
• Data scientists who wish to learn econometrics.
• Business analysts who wish to make a difference in the current job. 
• People who want to learn more about data science and econometrics. 
• People who wish to learn more about analytics. 

About the course 

Next in line for the top econometrics online courses is this Coursera course. 

This econometrics certificate online course will take you through variable calculus, both unconstrained and constrained optimization. The course is designed to enable the students to master optimization problems and comparative statics problems via the acquired mathematical tools. Your mentor for this best online econometrics course will provide you with home assignments on a weekly basis. These will help you gauge your understanding of all that you have learned so far. 

This course's quintessential objective is to help the students acquire knowledge in the mathematics field and get them ready to analyze the simulated and real economic situations. The students will also learn to use and apply math by employing concrete examples and exercises. 

Upon completion of this econometrics certificate online course, you will be lauded with a shareable certificate. This certificate can be printed and downloaded. So, you can include it in your CV or share it on your LinkedIn. Regardless, the certificate of this one of the reputed econometrics online courses will help you better your chances of landing a job. 

As it is a 100% online course, you can complete it on your schedule. So, you can reset the deadlines and finish it as convenient. It is an intermediate level course and will require an effort of 26 hours for completion. The course is in English. However, you do get subtitles in Portuguese (European), Vietnamese, German, Arabic, Chinese (Simplified), French, Korean, Turkish, Italian, English, Spanish, and Russian. 

Who is it for? 

It is an essential course for students who wish to learn econometrics online and are on the undergraduate stage for future economics. It is one of the best econometrics courses for students who want to advance their skills and knowledge in maths and economics. Upon taking this course, the students will achieve economics and learn the correct implementation of mathematical knowledge. 

What do you need? 

It is one of the reputed econometrics online courses and does have any prerequisites. So, before taking this course to learn econometrics online, you need to know the single variable calculus, along with the clarity on the foundations of linear algebra, including general theory of systems of simultaneous equations and operations on matrices. Additionally, knowledge of vector spaces will also be helpful for the students. 

About the course 

Next in our list of the top econometrics online courses is a Udemy course. It is the highest-rated course with a rating of 4.9.

Being one of the top-rated econometrics online courses, this course will help you build a solid foundation in Econometrics. So, if you are someone who is new to Econometrics and describe it as a challenging subject or tend to get lost in the mathematical notations and equations, then this is one of the best econometrics courses for you.

For anyone who wishes to master Econometrics, you will be required to understand the intuition of every concept and the logic behind every equation, and this is what your educator will take you through in this course.

Like most of Udemy’s courses, this course also comes with a 30-Day Money-Back Guarantee. The course comprises of 4.5 hours of on-demand video, 4 articles, and one downloadable resource. All of the resources included in the course comes with a full lifetime access. More so, these can be viewed on your TV and mobile. Upon completing the course, you will be lauded with a certificate of completion.

What will you learn? 

Being one of the best econometrics online courses, there is a lot for you to grasp through it.

Some of the things that you will learn are:

• Types of Data: Cross-Sectional and Time Series
• The method of Ordinary Least Squares (OLS)
• All the mathematical equations involved in Simple Linear Regression (Population side and Sample side)

 What do you need?

To learn econometrics online with this course, you will need a basic understanding of statistics.

Who should take this course?

It can be one of the preferred econometrics online courses for students who are new to Econometrics, and wish to learn more about it in a step-by-step engaging manner. Further, anyone who is struggling with this field of study, and wants to build a solid foundation on the subject will also benefit from the course.

About the course 

Last in line for the top econometrics online courses is a course by MIT Open Courseware. This course will cover a couple of key models, estimation methods, and identification employed in modern econometrics. Your educator will also take you through the leading and foundational econometrics models. It will be followed by the learning and understanding of the seeing structures. Following this, the mentor will provide you with methods of estimation, identification, and inference. 

In this course, you will be learning the modern approach of setting the problem and making a better inference and estimation than the current empirical practice. More so, you will also learn the generalized method of moments, the method of M-estimators, and the more modern versions of these methods, which deal with critical issues, such as weak biases or identification, which arise in the high dimensions. More so, your educator for this one of the top econometrics online courses will also help you learn bootstrap. 

Towards the end of the course, you will be in a position to explore a high dimensional formulation or big data wherein some penalisation via ridge or lasso methods is required for saying anything useful. Overall, with this course, you will get quite a lot of hands-on experience with the employment of the methods on the real data sets. 

Syllabus 

Here is a list of the contents (in the order followed) that will be tackled in this course. 

1. Review of regression and partially out. Simultaneous inference
2. Linear Structural Equations Models (SEM), Wright's IV Principle, linear GMM
3. Nonlinear SEMs, Hansen's Euler Equations, nonlinear GMM
4. Bootstrap and simulation. Inference using BS
5. Binary choice models, distributional regression, and M-estimators
6. Linear and nonlinear panel models, basic principles
7. GMM and M estimators in high dimensions. Bias correction
8. Program evaluation and Treatment Effect Models (TEMs)
9. Modern principles for estimation of high-dimensional models
10. Post-selection and post-regularization inference in SEMs and TEMs