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.

Like many other EU countries, Poland offers inexpensive or even free tuition to EU students. Prospective students should apply directly to their chosen Polish institution. The University of Warsaw, for example, charges between £1,300 and £2,500 per year for its English language courses.

The MSc, or Master of Science, is an internationally recognized academic degree that indicates proficiency and knowledge of a given topic or field. Most MSc programs take about four years to finish, after which some join the workforce while others continue on in the classroom.