MSc Statistics And Data Science Edinburgh

Last Updated on July 30, 2023

Do you have a passion for data and statistics? Do you have an understanding of basic and advanced statistics? If so, then a postgraduate MSc Statistics and Data Science course could be the perfect fit for you. Are you interested in studying statistics and data science at university? If so, why not choose the University of Edinburgh? The University of Edinburgh is the third oldest university in the country and ranks top in Scotland. King James IV founded the university in 1582, making it one of the 28 ancient universities in Britain.

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The degree is typically studied for in the sciences and occasionally in the social sciences.

Econometrics uses statistics, mathematics, and economic theory to help create understandable economic models. Those economic models are then used to make important economic policy decisions that can impact greater areas such as finance and labor markets. 

Econometrics Degree Program

Econometrics is a part of the economics sciences discipline and deals with the analysis of mathematical and statistical data. It helps experts develop effective economic models, leading to problem solving, to test new theories and analyse data. Econometrics is based on quantitative analysis of various economic phenomena.

Bachelor’s and Master’s degrees in econometrics teach students to add empirical content to the theories that allow them to be analysed and evaluated. Statistical theory contributes to development of econometric models and methods that help to solve economic questions. Data is usually collected through observations and is processed using standard statistical models. Regression analysis has an important role in econometrics and it contributes to problem solving as statistical technique. Find plenty of Masters and Bachelors in Econometrics at universities worldwide to find out how to best make use of these techniques and analytical tools.

Econometrics helps solve problems for business sectors, governments, consultancy companies, or non-profit organisations. Graduates of econometrics degrees can work in insurance companies, banks, marketing companies, governmental institutions, consultancy firms, and more.

Econometrics Online via distance learning

Specialist, Bachelor’s, Master’s, Doctor – Econometrics.

This module is applicable to Specialist, Expert, Bachelor’s, Master’s & Ph.D. (Doctor) Degree Programs. This academic program is designed at the postgraduate level (Master’s or Doctoral). This module may also be adapted to complete the course requirements of Specialist, Expert Diploma or Bachelor’s Degree. A further option is the enrollment into each of the courses listed within this specialization module. This module may be combined or completed with other modules from this faculty. For example: Accounting , Bank Management , Finance & Economics , Financial Management .

Specialist – Expert Diploma – Econometrics Online
Tuition Fee: 1.050 Euros (1.350 US$) .1.470 Euros (1.890 US$).
Specialist – Expert Diploma Online: 15 . 21 Academic credits required for this distance learning degree program.
Composition: Econometrics via distance learning = 21 Academic credits – Select 5 courses for the online diploma of Specialist or 7 courses for the Expert Diploma from the total of courses from the specialization module.

Bachelor’s Degree – Econometrics Online
Tuition Fee: Min. 3.510 Euros (4.420 US$) .Max. 6.800 Euros (8.700 US$).
Bachelor’s Degree Online: 130 Academic credits required for this distance learning degree program.
Composition: Econometrics via distance learning = 21 Academic credits + 60 credits in General Education (may be transferred from previous education and professional experience) + Additional courses may be selected from other modules in the Faculty of Business & Media from Bircham International University if required. This selection must be approved by the Distance Learning University Education Board. For example: Finance & Economics.

Master’s Degree – Econometrics Online
Tuition Fee: Min. 4.680 Euros (6.120 US$) . Max. 7.020 Euros (9.180 US$).
Master’s Degree Online: 36 .54 Academic credits required for this distance learning degree program.
Composition: Econometrics via distance learning = 21 Academic credits + Additional courses may be selected from other modules in the Faculty of Business & Media from Bircham International University if required. This selection must be approved by the Distance Learning University Education Board. For example: Finance & Economics. + 13 Academic credits (Research methodology and final project or thesis. 

Doctor Ph.D. Degree – Econometrics Online
Tuition Fee: Min. 5.850 Euros (7.650 US$) . Max. 9.360 Euros (12.240 US$).
Doctor Ph.D. Degree Online: 45 .72 Academic credits required for this distance learning degree program.
Composition: Econometrics via distance learning = 21 Academic credits + Additional courses may be selected from other modules in the Faculty of Business & Media from Bircham International University if required. This selection must be approved by the Distance Learning University Education Board.

Econometrics Online Degree Program Edinburgh

Micro & Macro Economics
This course examines the principles and variables of microeconomics: theory of the consumer, theory of the firm, perfect and imperfect competition, welfare economics, and selected topics in general equilibrium and uncertainty. It also covers the principles and variables of macroeconomics: models of aggregate supply and demand, theories of consumption and investment, money supply and demand, inflation, rational expectations, stabilization policy, financial markets, and international finance.
Academic Supervisor: Nadège Noële Ango-Obiang

Numerical Analysis
This course studies the development and application of numerical analysis, methods, and algorithms to problems in the economics, applied sciences and engineering.
Academic Supervisor: Alfred Kenric Mulzet

Econometric Analysis
This course analuzes the static and dynamic models of economic activity at both the micro and macro levels with an emphasis on taking decisions under uncertainty. It explores the role of fiscal and monetary policies, the price level, labor employment, equilibrium analysis, efficiency, and welfare, market failures, economic growth, business cycles, and governmental policies.
Academic Supervisor: Mario V. González Fuentes

Investment Strategies
This course deals with the theory and practice of portfolio management. Topics includes alternative techniques for designing investment portfolios and the criteria for revision and performance evaluation. It also discusses portfolio insurance, the use of options and futures markets, and international topics, ethics, and social issues affected by investment strategies.
Academic Supervisor: Dimitrios Nikolaou Koumparoulis

Economic Analysis
This course examines the theory and applications of several instruments of business economic analysis: production technologies, cost and profit, perfect and imperfect competition, individual choice preferences and demand, and the market-based system (price formation, efficiency, and welfare). It considers the use of economic analysis for problem identification, problem solving, critical thinking, consultation, project management, and strategies for effectiveness.
Academic Supervisor: Mario V. González Fuentes

Applied Statistics
This course reviews the applicability and certainty of statistical tools, random variables analysis, and probability, and how they may be used in decision theory, and to estimate risk and uncertainty.
Academic Supervisor: Alex Vuginshteyn

Econometrics
This course explores the models and methods used to estimate relationships and test hypotheses pertaining to economic variables. It reviews simple and multiple regression analysis; stochastic regressors; heteroskedasticity; autocorrelation; measurement error; and simultaneous equations. It explains the use of econometric models for tests of economic theories and forecasting.

Application for Admission

Masters in Data Science, ML, AI & Business Analytics in UK |

For official admission status at Bircham distance education university; you need to send in a filled out, dated, and signed official Application for Admission. You may download this application form from the website or request it by email or mail. Please send this application and enclosed documents to our address. You may also submit this application and attached documents by email in a PDF Format.

Allow 10 business days for processing.

All applicants must:

* Fill out the application for admission
* Submit one ID-sized photo
* ID card or passport
* Date and sign the application

All Bachelor’s, Master’s, & Doctorate applicants also must:

* Attach a Curriculum Vitae (Resume)
* Submit registration Fee of 200 €uros or 250 US$ (contact BIU Office for payment details)
* Include copies of diplomas, transcripts, relevant documents
* Include any additional program proposal, scholarship request, etc. (optional).

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