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Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. | |
| Code | EKMS401 |
| Name | Econometric Models I |
| Term | 2017-2018 Academic Year |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. SEDA ŞENGÜL |
| Course Instructor |
Prof. Dr. SEDA ŞENGÜL
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
By the end of the course, students are expected to be completely mastered all aspects of the Least Squares Estimation and be familiar and able to use the methods Maximum Likelihood and Generalized Method of Moments
Course Content
This course is the first part of a two semester sequence designed to provide students with the applications of economic theory and econometric methods. To this end an overview of econometric methods and their applications believed to be the most useful will be presented. We will discuss how to use economic theory and data to estimate key parameters, test economic hypotheses, and predict economic outcomes
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Economic infrastructure and economic models are created. |
| LO02 | Traditional approaches, applications and methods are examined. |
| LO03 | The maximum likelihood method is examined. |
| LO04 | Econometric techniques are applied to test economic theories. |
| LO05 | Knowledge on relevant issues and problems in economics is developed. |
| LO06 | Describes the knowledge of statistics, operations research and mathematics |
| LO07 | Identify post-estimation problems of an econometric model. |
| LO08 | analyzes and interprets the econometric model. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the basic concepts and theorems in the fields of Econometrics, Statistics and Operations research | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | 5 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Analyzes/interprets at the conceptual level to develop solutions to problems | 4 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data from reliable data sources for the purpose of study | 3 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Interprets the results analyzed with the model | 2 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field of research | 4 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Adapts traditional approaches, practices and methods to a new study when necessary | 5 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | In addition to herself/himself professional development, constantly improves in scientific, cultural, artistic and social fields in line with interests and abilities | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in its field. | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on current economic and social issues | |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Subject Matters and Methodology | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 2 | Least Squares Estimation | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 3 | Least Squares Estimation | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 4 | Methods of Maximum Likelihood Estimation | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 5 | Methods of Maximum Likelihood Estimation | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 6 | Statistical Inference Using the Maximum Likelihood Approach | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 7 | Statistical Inference Using the Maximum Likelihood Approach | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 8 | Midterm Exam | ||
| 9 | Methods of Moments | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 10 | Methods of Moments | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 11 | Methods of Moments | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 12 | Generalized Methods of Moments | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 13 | Generalized Methods of Moments | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 14 | Other Estimation Techniques | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 15 | Other Estimation Techniques | Students will be prepared by studying relevant subjects from source books according to the weekly program. | |
| 16 | Final Exam | ||
| 17 | Final Exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 50 | 20 |
| 1. Homework | 7 | 2.8 |
| 2. Homework | 8 | 3.2 |
| 1. Project / Design | 35 | 14 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||