What's the Difference between Econometrics and Statistics?

Instructor: Josh Angrist, MIT

Isn’t econometrics just a fancy word for statistics? Nope. As Master Joshway explains, while there is some overlap between the two fields, they’re motivated by different central questions.

Statisticians use sampling to make statistical inferences about large populations. Econometricians, on the other hand, examine counterfactuals to make causal inferences.

Teacher Resources



Verified Available Languages

Turn captions on or off:

  1. If captions are available the (CC) icon will be visible on the player.
  2. To turn captions on, tap (CC).
  3. To turn captions off, tap (CC) again.

Select caption language: 

  1. Click the settings icon (⚙) at the bottom of the video screen.
  2. Click Subtitles/CC.
  3. Select a language.


Contribute Translations!

Join the team and help us provide world-class economics education to everyone, everywhere for free! You can also reach out to us at support@mru.org for more info.

Submit subtitles




We aim to make our content accessible to users around the world with varying needs and circumstances.

Currently we provide:

Are we missing something? Please let us know at support@mru.org