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.

Indonesia adopted a high quality education system, which provides the education in three basic levels with the highest level being the university level. Lately the country upgraded five colleges to fully university levels with an aim of accommodating even international students who may wish to study in Indonesia. Higher education programs in Indonesia are accredited by the National Accreditation Board for Higher Education. The nation's capital city is Jakarta.

A masters is earned after students complete an undergraduate degree program. To obtain a masters, you usually need to complete 12 to 18 college courses that often involve completing comprehensive tests and/or a thesis.