Do you want to stay up-to-date on the latest research and developments in the world of econometrics, economics, macroeconomics, statistics, university, microeconomics, research, business, and finance? If so, then you've come to the right place! In this article, we'll discuss the best YouTube channels to help you stay informed and explore the world of economics. Read on to find out which YouTube channels you should be following to learn more and keep up with the ever-evolving world of economics.
Econometrics, Causality, and Coding with Dr. HK
Econometrics, Causality, and Coding with Dr. HK is an educational YouTube channel that provides in-depth knowledge on topics related to econometrics, causality, and coding. From understanding the basics to solving complex problems, this channel is a great resource for those looking to enhance their knowledge about these subjects.
ECOHOLICS - Largest Platform for Economics
Think Econ is a YouTube channel dedicated to making complex economic and econometric concepts easy to understand. They offer videos like What is Economics?, 60 Second Economics, and Economics Explained to introduce econ concepts to new learners. They also provide resources about related topics like opportunity cost, economic degrees, careers and jobs in economics. Learning econ has never been this easy!
Ben Lambert's YouTube channel focuses on the field of econometrics, providing comprehensive educational resources to viewers interested in the subject. He covers a wide range of topics in his videos from basic concepts such as regression analysis to complex techniques such as ARIMA models. His in-depth explanations and clear delivery make his channel a great resource for anyone looking to gain a deeper understanding of econometrics.
Mark Thoma's YouTube channel is a great resource for anyone interested in learning about econometrics, economics, monetary theory, and economic policy. It features lectures and videos covering a wide range of topics in the field. The channel is easily accessible and completely free for anyone to view.
Economics and Mathematics by Habtamu
Habtamu's Economics and Mathematics YouTube channel covers a comprehensive range of topics, from introduction to economics and econometrics to linear algebra, calculus, microeconomics, macroeconomics and econometrics for finance. An ideal starting place to gain a deeper understanding of economics and mathematics.
The YouTube channel youtube-economist is a great resource for anyone looking to understand the principles of econometrics, data science, and economics. The channel features engaging and informative videos that explore topics such as macroeconomics, international trade, and money and banking. With its easy explanations, helpful tutorials, and entertaining visuals, this channel is perfect for anyone curious about economics and econometrics.
Chris Brooks is a YouTube channel dedicated to advancing econometrics, quantitative methods, and regression models through research projects and doctoral research. He covers a variety of topics in both finance and accounting, showing viewers how to approach research projects and answer research questions. He utilizes all the available research methods, offering insight into research topics in finance and accounting.
Research Made Easy with Himmy Khan
Himayatullah Khan's Research Made Easy with Himmy Khan YouTube channel provides viewers with educational resources to understand the principles of economics and econometrics, as well as analyzes time series, cross sectional data, and panel data. His videos are highly informative and entertaining, offering viewers a comprehensive insight into applied economics and the tools used to apply economic theories. Through this channel, viewers get a unique chance to learn everything they need to know about economics and econometrics from Khan's in-depth lectures and highly detailed explanations.
TJ Academy YouTube channel offers top-notch lectures by a PhD-level teacher on exciting topics, such as econometrics, economics and marketing for DFCCIL, HSC Economics, Bachelor of Economics and LSE economics. It is an ideal platform for economics majors, HSC students and smart economics enthusiasts. The lecturer covers important concepts clearly and in-depth so that viewers can benefit from the wisdom of an highly educated teacher.
The Matt Birch YouTube channel provides an extensive range of educational material from basic microeconoomics and macroeconomics to more advanced topics such as econometrics and industrial organization. Matt also provides content on intermediate and advanced concepts such as calculus and econ that are wrapped in a unique, fun style known as econswag.
Gumilang Aryo Sahadewo
Gumilang Aryo Sahadewo's YouTube channel provides educational content about econometrics, the mathematical study of economics and business, at Universitas Gadjah Mada's Faculty of Economics and Business (FEB UGM). Here, viewers can learn about the application of econometrics within the economics and businessfield of study offered at UGM.
Andrei Galanchuk's YouTube channel is a great resource for those interested in gaining deeper knowledge of econometrics. His videos offer an insightful and comprehensive exploration of the subject, making him an ideal teacher and mentor for those seeking to understand the complexities of econometrics.
Analytics University is a YouTube channel focusing on econometrics, data science, machine learning, artificial intelligence, credit risk, R programming, operation research, analytics, and statistics. It provides a wide range of tutorials and discussions to help university students understand the latest industry insights about analytics.
MOG Economics is a YouTube channel dedicated to the study of econometrics. The channel provides a wide range of tutorials, tips, and other resources designed to help viewers gain a deeper understanding of economics and the economic processes of the world. The channel also examines topics such as macroeconomics, macro-finance, international economics, and money and banking. By collaborating with other experts in the field, MOG Economics seeks to share its knowledge and help others gain a better appreciation of economic principles.
Nishant Mehra's YouTube channel specializes in providing helpful insights for students preparing for entrance exams like MA Economics and Indian Economic Services (IES). He offers a range of study materials, from an overview of econometrics to CUET PG Economics Daily Questions, to help student ace their exams. Additionally, he provides solutions for past questions, as well as exam guidance and tips. His channel is essential to those aspiring to take on these competitive exams.
Common Econometric Techniques
Econometrics is a fascinating field of study that enables economists to measure and analyze the effects of certain economic actions. Common econometric techniques are Powerful tools used to analyse economic and business data.
The most commonly used econometric techniques include linear regression, instrumental variable estimation, time series analysis, panel data methods, and discrete choice models.
- Linear regression is a basic technique used to ascertain the relationship between one or more independent variables along with one dependent variable. This could be used to identify the effect of a certain factor on the stock market or a country's GDP.
- Instrumental variable estimation is a technique used to measure the effect of an independent variable on a dependent variable by accounting for the presence of confounding variables.
- Time series analysis is used to accurately measure the impact of economic variables over time. This is important for economists, as it helps to identify the trends and patterns in economic data and the potential future implications.
- Panel data methodswork similarly but measure economic variables over a period of time for a specific group of people. By comparing the effects of the same variable for different groups of people, we can gain further insight into the impact of economic decisions.
- The last technique is discrete choice models, which enables us to analyse the economic decisions of individuals or groups of people. This method incorporates variables such as preferences, probabilities, and choice sets to analyse how consumers make decisions and the impact of certain economic policies.
In conclusion, econometric techniques are essential for economists as they enable them to analyse economic data in a reliable and accurate manner. The five most commonly used econometric techniques are linear regression, instrumental variable estimation, time series analysis, panel data methods, and discrete choice models and each of these utilise statistical tools to gain valuable insights into the various economic trends and decisions.
Applications of Econometrics
Econometrics is an applied branch of economics which utilizes methods of economics, mathematics, and statistics to analyze data and make predictions. It is used to measure relationships between economic variables and identify patterns in economic data. As such, the applications of econometrics are powerful tools which can be applied to various areas of economics and finance.
- In business, econometrics is used to identify patterns in customer behavior, create sales forecasts, and value financial assets in order to maximize profits. In the area of public policy, econometrics can be used to evaluate the efficacy of new social programs, estimate the impacts of policy changes on economic growth, and identify the causes of economic recessions. It can also be used to explore data on subjects such as poverty, health care, education, and income inequality.
- In addition to these macroeconomic applications, econometrics can also be used to explore relationships between financial and economic variables in the stock market. This can help investors detect patterns in price movements, identify trends in the market, and better understand relationships between different stocks. Consequently, econometrics can provide valuable insight into the forces driving financial markets.
Ultimately, econometrics is a versatile tool that can be used to measure and analyze economic outcomes both in the macro and microeconomic fields. The application of this branch of economics has been benefiting governments, businesses, and investors alike by helping them to make better and more informed economic decisions. As such, understanding the many applications of this methodology is essential for anyone interested in economics and finance.
Exploring the Main Uses of Econometrics
Econometrics is a powerful tool used in economics and business to analyze the correlation between economic variables, such as population, production, prices, and employment. It is based on the principles of mathematics and statistics in order to develop relationships between economic and social factors. By using data from past and present, economists and business people can identify patterns and trends in economic movements. The main uses of econometrics are forecasting, decision making, and assessing economic policy.
- Forecasting involves predicting future economic outputs given a set of parameters. This means attempting to predict how market conditions, such as interest rates, consumer spending, and investment will change over time. Decision making takes this a step further and uses econometrics to assess the potential costs and benefits of different economic initiatives. For example, an analysis of a proposed new taxation policy might include various simulations of the change in demand and its effect on prices.
- Lastly, assessing economic policy utilizes data to evaluate the effectiveness of policies such as public health regulations or trade restrictions. This type of analysis is commonly used to assess the impact of government intervention in the marketplace. Rather than relying on opinion or guesswork, econometric research can provide factual evidence on the outcomes of specific policies. This helps governments and companies to make better decisions when formulating policies.
Overall, econometrics has changed the way economists and business people think about economics. Its ability to forecast, assess decision making, and evaluate economic policy provides a powerful tool to analyze the market and generate useful insights. In this way, econometrics has become an invaluable tool to the study of economics.