Econometrics and Quantitative Economics
The Econometrics and Quantitative Economics program offers a rigorous and analytically focused academic path for students who want to understand how mathematical models, statistical methods, and economic theory work together to explain real world market behavior and policy outcomes. The curriculum combines microeconomic and macroeconomic foundations with applied statistical techniques, allowing learners to examine how economic data reflects patterns in production, consumption, labor, finance, and decision making. Through work with empirical research, quantitative modeling, and computational tools, students build the ability to evaluate economic relationships with methodical precision, analytical clarity, data driven reasoning, and structured interpretation, preparing them to navigate complex economic questions with confidence.
The program also emphasizes applied econometric practice, giving learners opportunities to engage with data analysis, forecasting, policy evaluation, and model building across a variety of economic contexts. Coursework encourages students to explore long term economic trends, interpret the effects of institutional structures, and investigate the impact of global economic forces through systematic research and comparative analysis. By integrating quantitative coursework with economic theory, students develop the capacity for statistical modeling, evidence based evaluation, computational analysis, and critical economic insight, enabling them to understand and assess the dynamics that influence both private sector decision making and public sector policy formation.
Key information
Key Facts
- Program Title: Econometrics and Quantitative Economics
- Degree Type: Bachelor of Science
- Duration: 4 years
- Mode of Study: Full-time, On Campus
- Application Deadline: 05 January 2026
- Location: University of Illinois Urbana-Champaign, United States
- Field of Study: Economics
- Language of Instruction: English
Program Structure
Year 1 - Foundations of Economic and Quantitative Analysis
• Introduction to Microeconomics
• Introduction to Macroeconomics
• Fundamentals of Statistics
• Mathematical Methods for Economics
Year 2 - Intermediate Theory and Applied Methods
• Intermediate Microeconomic Theory
• Intermediate Macroeconomic Theory
• Applied Econometrics
• Quantitative Research Methods
Year 3 - Data Interpretation and Economic Modeling
• Advanced Econometric Techniques
• Economic Data Analysis
• Computational Economics
• Economic Forecasting and Modeling
Year 4 - Advanced Applications and Capstone Research
• Advanced Topics in Quantitative Economics
• Policy Evaluation and Economic Strategy
• Independent Research Project
• Senior Capstone Thesis
Career Opportunities
Graduates of this program develop strong quantitative, analytical, and research oriented skills that prepare them for careers in finance, consulting, economic analysis, research institutions, government agencies, policy organizations, and private sector strategic planning. Many find roles where the ability to work with economic modeling, statistical analysis, data interpretation, and policy evaluation is central to organizational decision making. Opportunities also extend to banking, market research, risk assessment, corporate analytics, and think tanks that rely on rigorous economic insight and methodological accuracy. The program additionally supports students pursuing graduate study in economics, public policy, business analytics, finance, or related quantitative fields, offering a solid academic foundation for long term professional and academic advancement.
Why Choose This Program
Students choose this program because it offers a comprehensive and data driven approach to understanding economic behavior, combining advanced quantitative coursework with deep theoretical exploration to create a powerful analytical skill set. The curriculum encourages learners to examine how data reveals economic patterns, how models explain market forces, and how evidence based reasoning guides effective policy decisions. Opportunities for independent research, specialized electives, and applied modeling help students develop quantitative expertise, economic insight, analytical discipline, and long term professional capability, making the program an ideal choice for those seeking a strong, research focused foundation in modern economics.
Contact Information
For further information, please contact the graduate admissions office at:
Phone: 217-333-0035
Email: grad@illinois.edu
Address: The Graduate College, 507 East Green Street, Suite 101, MC-434, Champaign, IL 61820, United States
