Econometrics is a division of economics that uses the linear regression model, along with other mathematical formulas, to provide statistical analysis of many different economic policies and methods. Econometrics is necessary to help determine whether or not intended policies will actually develop as intended in the real world.

Available at universities around the world, a PhD degree is an excellent choice for students who wish to pursue a career in academia or research. This type of degree is the highest qualification available in many fields and requires a great deal of study to obtain.