ECTS - Applied Econometrics
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 Lecturer(s) |
|
| 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;
|
| 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 | Have advanced level of knowledge about the field of Public Finance-Tax in order to gain practical gains. | |||||
| 2 | He/she can identify the issues related to Finance-Tax area by considering them within the framework of a method and report and evaluate them from an analytical point of view. | |||||
| 3 | Able to understand, interpret and analyze economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law | |||||
| 4 | Develops policies and strategies for the solution of problems by establishing the cause-effect relationship related to financial and economic problems through theoretical information and current discussions, by making financial analyzes. | |||||
| 5 | By establishing the relationship of public financial management and budget theory with public policies, he/she makes strong budget analysis, develops analyzes on public finance and establishes the policy implementation relationship. | |||||
| 6 | Understanding tax theory, learning the legal background, following the developments and gaining a professional competence in tax matters effectively develop it. | |||||
| 7 | Have knowledge of accounting systems in private and public institutions and businesses, analyze and interpret the financial and financial structure of businesses with the knowledge and competence gained. | |||||
| 8 | Gain knowledge of macroeconomic structure and growth theory, including theoretical and country examples, and evaluate economic developments from a theoretical perspective. | |||||
| 9 | Can use foreign language in financial and economic fields, follow international literature, communicate on professional issues. | |||||
| 10 | By using information technologies, digital developments and common software, it benefits from technological developments in studies specific to its field. | |||||
| 11 | It uses qualitative and quantitative methods necessary for the analysis of economic, financial, social and institutional events. | |||||
| 12 | While fulfilling its academic and professional responsibilities, the United Nations develops an approach that respects sustainable development goals, fundamental freedoms, disadvantaged groups, the environment, cultural and moral values. | |||||
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 | ||