Quantitative Economics Courses in India is a highly specialized study discipline taught in the postgraduate level. With the growth of economics as a subject with an analytical approach the study of quantitative economics became necessary as a focused stream. Also termed as econometrics it deals with different mathematical and statistical models in studying economic concepts.
Studies in quantitative economics have become particularly important in setting up economic models for either resource utilization, revenue maximization and similar such results. Quantitative economics professionals are in great demand in larger scale manufacturing units, business conglomerates, multinational corporations, and advisory bodies.
In an environment of global competition it has become imperative for all business organizations to add enough value to goods and services produced thereby making them market leaders. Econometric models are becoming gradually important in this scenario of global existence. Apart from business houses, quantitative economics has critical applications in economic research functions. Scholars with the aids of econometric processes always seek solutions to economic problems.
In a developing economy as India, quantitative economic specialists are always in great demand specially by research academies and planning commission. During an economic take-off phase, a well thought of econometric solution might prove beneficial for the entire economy.
Quantitative Economic Institutes in India
Quantitative economics being a focused study course is taught and researched in the post graduate level or doctoral levels. The notable institutes conducting study or research programs in quantitative economics are:
Indian Statistical Institute,
Headquarters: 203, B.T. Road, Kolkata – 700108, Tel.: 033-25752001;
Branches:
i) 7, S.J.S. Sasanwal Marg, New Delhi -110016, Tel.: 011-41493900;
ii) 8th Mile, Mysore Road, R.V. College Post, Bangalore- 560059, Tel.: 080-28483002
Website: http://www.isical.ac.in/
Course: M.S. in Quantitative Economics
Duration: Two years
Indian Econometric Society, Institute of Economic Growth, Delhi University Campus, New Delhi - 110 007; Website: http://www.tiesindia.net/index.htm
Course: Workshop on Applied Econometrics
Scopes in Quantitative Economics in India and Abroad
Quantitative economics jobs are among the most focused of all professions. Quantitative financial economics has widespread application in multinational corporations and large scale manufacturing houses. Likewise, financial economics has applications in profit making organizations and developmental agencies. Candidates undergoing quantitative economics courses in India are offered assignments in educational and research institutes across countries.
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