Free Online Econometrics Course | IIT Madras | Prof. Sabuj Kumar Mandal
Course Details
| Exam Registration | 308 |
|---|---|
| Course Status | Ongoing |
| Course Type | Elective |
| Language | English |
| Duration | 12 weeks |
| Categories | Humanities and Social Sciences, Economics, Managerial Economics |
| Credit Points | 3 |
| Level | Undergraduate |
| Start Date | 19 Jan 2026 |
| End Date | 10 Apr 2026 |
| Enrollment Ends | 02 Feb 2026 |
| Exam Registration Ends | 20 Feb 2026 |
| Exam Date | 17 Apr 2026 IST |
| NCrF Level | 4.5 — 8.0 |
Master Data Analysis with IIT Madras's Introduction to Econometrics Course
In today's data-driven world, the ability to measure, analyze, and interpret complex relationships is a superpower. Econometrics provides the essential toolkit. This free 12-week online course, offered by the prestigious Indian Institute of Technology Madras (IITM), serves as your comprehensive introduction to this vital field. Guided by the renowned Prof. Sabuj Kumar Mandal, you'll learn to transform raw data into meaningful insights and robust evidence.
Why Study Econometrics?
Econometrics is the science of applying statistical and mathematical methods to economic data to give empirical content to economic theories and hypotheses. Its utility, however, extends far beyond economics.
- High-Demand Skill: Expertise in econometrics significantly boosts job prospects in banking, analytics, audit firms, finance, and management.
- Universal Application: The techniques are used across social sciences (like sociology and political science), pure sciences, engineering, and data science.
- Evidence-Based Decisions: Move from intuition to evidence by learning to establish cause-effect relationships and test hypotheses rigorously.
Meet Your Instructor: Prof. Sabuj Kumar Mandal
Learning from an expert is crucial. Prof. Mandal brings exceptional academic and research credentials to this course:
- Associate Professor at IIT Madras's Department of Humanities and Social Sciences.
- Young Economist Award 2015 recipient from the Indian Econometric Society.
- Fulbright Nehru Academic and Professional Excellence Award 2020-21 winner for research on climate change adaptation.
- Extensive research and publications in Applied Econometrics, Environmental Economics, and Behavioral Economics.
His practical experience ensures the course content is both theoretically sound and highly applicable to real-world problems.
Who Should Enroll?
This undergraduate-level course is designed for a broad audience:
- Students of Economics, Finance, Business, and Management.
- Aspiring data analysts and researchers in any field.
- Professionals in banking, analytics, or consulting seeking to strengthen their quantitative skills.
- Prerequisite: A basic understanding of inferential statistics is recommended.
Course Structure: Your 12-Week Learning Journey
The course is meticulously structured to take you from foundational concepts to advanced applications.
| Week | Key Topics Covered |
|---|---|
| Weeks 1-3 | Introduction to Econometric Analysis, Classical Linear Regression Model (CLRM) assumptions, and Ordinary Least Squares (OLS) estimation. |
| Weeks 4-5 | Hypothesis testing, interpretation of results, and measuring model fit with R-squared. |
| Weeks 6-7 | Multiple Regression analysis, model specification, and F-statistics for testing model significance. |
| Weeks 8-10 | Dummy variable models (ANOVA, ANCOVA), Difference-in-Differences for impact evaluation, and detecting multicollinearity & autocorrelation. |
| Weeks 11-12 | Addressing heteroskedasticity and mastering Qualitative Response Models (Logit, Probit) and the Tobit model. |
Learning Outcomes & Career Benefits
Upon successful completion, you will be able to:
- Formulate and estimate econometric models for various data types.
- Test economic and business hypotheses with statistical rigor.
- Diagnose and remedy common problems in regression analysis.
- Apply models to areas like finance, marketing, policy evaluation, and scientific research.
- Enhance your analytical profile for roles in data analytics, economic research, risk management, and consulting.
Recommended Textbooks
- Basic Econometrics by Damodar N. Gujarati
- Introductory Econometrics: A Modern Approach by Jeffrey M. Wooldridge
This course is more than an academic pursuit; it's an investment in a skill set that is critical for understanding the modern world. Whether you aim to analyze market trends, evaluate a policy's impact, or predict financial risks, the tools of econometrics are indispensable. Enroll in this IIT Madras course today and take the first step towards becoming a proficient data analyst.
Enroll Now →