Applied Econometrics (ECON521) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Applied Econometrics ECON521 Area Elective 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language Turkish
Course Type Elective Courses
Course Level Social Sciences Master's Degree
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer, Drill and Practice, Problem Solving.
Course Coordinator
Course Lecturer(s)
  • Dr. Mustafa Can Küçüker
Course Assistants
Course Objectives The aim of this course is to introduce students to the study of econometrics, which deals with the application of statistical methods to test economic theory. Econometrics uses observational data to estimate economic relationships, test hypotheses about economic behaviour, and predict future values of economic variables. Software applications are introduced during the course in order to provide hands-on experience with data collection, analysis and interpretation.
Course Learning Outcomes The students who succeeded in this course;
  • distinguish between different types of data used in econometric analysis
  • understand the use of econometric methods in estimating causal relationships and building models in economics and related fields
  • estimate and interpret the results of empirical models
  • use econometric software in simple applications
Course Content Modeling linear regressions, bivariate and multivariate regression techniques and their applications, model specification problems, parameter estimation problems, nonlinear regression models, data handling problems, simultenaous equation models, restricted regression models, time series, nonstationary series and autocorrelation and panel data.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Review of Basic Statistics - Descriptive Statistics, Probability and Random variables; Introduction – The Methodology of Economics Gujarati, Introduction: pp. 1-13
2 The Nature of Regression Analysis – Causation, Correlation and Types of Data Gujarati, Chapter 1: pp. 15-32
3 Two Variable Regression Model: Some Basic Ideas Gujarati, Chapter 2: pp. 37-52
4 Two Variable Regression Model: The Problem of Estimation Gujarati, Chapter 3: pp. 58-105
5 Two Variable Regression Model: The Problem of Estimation; Gujarati, Chapter 3: pp. 58-105
6 The Normality Assumption: Classical Normal Linear Regression Model Gujarati, Chapter 4: pp. 107-113
7 Two-Variable Regression: Interval Estimation and Hypothesis Testing Gujarati, Chapter 5: pp. 119-133
8 Two-Variable Regression Model: Interval Estimation and Hypothesis Testing Gujarati, Chapter 5: pp. 134-150
9 MIDTERM EXAM
10 Introduction to Eviews Class Handouts
11 Extensions of the Two-Variable Regression Model: Scaling, Functional Forms Gujarati, Chapter 6: pp. 164-193
12 Multiple Regression Model: The Problem of Estimation Gujarati, Chapter 7: pp. 202-232
13 Multiple Regression Model: The Problem of Inference Gujarati, Chapter 8: pp. 248-263
14 Multiple Regression Model: The Problem of Inference Gujarati, Chapter 8: pp. 264-280
15 General Review
16 Final Exam

Sources

Course Book 1. Gujarati, Damodar N. (2003) Basic Econometrics, 4th Edition, New York and Boston: McGraw-Hill.
2. Gujarati, Damodar N. (2003) Temel Ekonometri, Literatür Kitabevi, McGraw-Hill.
Other Sources 3. Wooldridge, Jeffrey (2008) Introductory Econometrics: A Modern Approach (with Economic Applications), 4th Edition, Cengage Learning.
4. Peter J. Kennedy (1998) A Guide to Econometrics, 4th Edition, MIT Press.
5. Ramanathan, R. (2002), Introductory Econometrics with Applications, 5th edition, Orlando, FL: Harcourt College Publishers.
6. Hill, R.C., Griffiths, W.E. and G. G. Judge (2001) Undergraduate Econometrics, 2nd Edition, John Wiley and Sons, Inc.
7. Hill, R.C., Griffiths, W.E. and G. G. Judge (2000) Using Eviews For Undergraduate Econometrics, 2nd Edition, Wiley.
8. Asteriou, D. (2006) Applied Econometrics: A Modern Approach using EViews and Microfit, Palgrave-Macmillan.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 5 25
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 30
Final Exam/Final Jury 1 45
Toplam 7 100
Percentage of Semester Work
Percentage of Final Work 100
Total 100

Course Category

Core Courses X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 Can compare basic microeconomic theories and approaches and evaluate them with a critical perspective" X
2 Can compare basic macroeconomic theories and approaches and evaluate them with a critical perspective X
3 Applies mathematical modeling X
4 Analyzes economic phenomena using statistical and econometric methods X
5 Can analyze and interpret basic economic indicators X
6 Can access theoretical knowledge by conducting literature review and formulate an empirically verifiable hypothesis X
7 Can design a research project and conduct the research within the specified time frame X
8 Can develop new approaches for solving complex problems in the field of applied economics X
9 Develops and can recommend appropriate policies based on academic research results X
10 Can evaluate by combining economic knowledge with information obtained from other disciplines to solve problems X
11 Can use information technology effectively X
12 Acquires the ability to conduct independent research and learn X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class 16 4 64
Presentation/Seminar Prepration
Project
Report
Homework Assignments
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 2 2
Prepration of Final Exams/Final Jury 1 3 3
Total Workload 117