Is there a difference between econometrics and statistics? If so, what are they?

I’ve been looking through some econometrics textbooks and the content seems pretty much similar, if not nearly identical, to textbooks I’ve used in my statistics classes.

Granted, the examples and the problems in the books are of economic nature in econometrics textbooks, but that seems to be pretty much it.

So I want to know: are statistics and econometrics basically the same thing under a different name? Or am I not understanding econometrics or statistics correctly? Is it the culture, the methods, or something else that distinguishes econometrics from statistics?

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Nevin Manimala

Nevin Manimala is interested in blogging and finding new blogs

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