TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. (ENGLISH) | |
| Code | ECMS405 |
| Name | Statistical Simulation |
| 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 | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HÜSEYİN GÜLER |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
In this course, modelling analytically difficult problems encountered in Statistics will be investigated. In addition to this, obtaining the empirical solution of the problem with a simulation by creating a virtual experiment will be emphasized.
Course Content
The definition and objective of simulation, techniques for simulation, mathematical modelling, programming in MATLAB, Monte Carlo estimation of a parameter of interest.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Determines the difference between classical sampling approaches and simulation. |
| LO02 | Generates random numbers from the uniform distribution within range (0,1) with random number generators. |
| LO03 | Determine how he/she can generate random numbers from a distribution with probability integral transformation. |
| LO04 | Models a real life phenomena with random variables. |
| LO05 | Determines how they can estimate the model parameters with simulation. |
| LO06 | Estimates the parameters of a large scale problem with simulations by using MATLAB. |
| LO07 | Masters the use of the MATLAB program. |
| LO08 | Interprets the findings obtained from the program. |
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 | 4 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 4 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Analyzes/interprets at the conceptual level to develop solutions to problems | |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data from reliable data sources for the purpose of study | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Interprets the results analyzed with the model | 3 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field of research | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Adapts traditional approaches, practices and methods to a new study when necessary | |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Uses a package program of Econometrics, Statistics, and Operation Research | 4 |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | 2 |
| 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 follows the current developments in the field / constantly renews itself | |
| 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 | Definitions and a review of probability and random variables | Lecture notes: Chapter 1 | |
| 2 | Random number generators | Lecture notes: Chapter 2, Reference book: p.123-140 and p.147-157 | |
| 3 | Simulating from some distributions | Lecture notes: Chapters 3.1 to 3.3, Reference book: Chapters 3.1, 3.5 and 3.6 | |
| 4 | Random number generators | Lecture notes: Chapter 2, Reference book: p.123-140 and p.147-157 | |
| 5 | Algorithms and MATLAB | Lecture notes: Chapter 4 | |
| 6 | Generating random numbers and simulating some distributions with MATLAB | Lecture notes: Chapter 4 | |
| 7 | Generating random numbers and simulating some distributions with MATLAB | Lecture notes: Chapters 5.1 to 5.3, Reference book: p.246-250 | |
| 8 | Midterm exam | ||
| 9 | Estimation of a parameter with simulation | Lecture notes: Chapter 5 | |
| 10 | Estimation of a parameter with simulation | Lecture notes: Chapter 5 | |
| 11 | Applications of simulation 1: Estimation of a parameter, estimation of a probability | Reference book: p.250-261 | |
| 12 | Applications of simulation 2: Estimation of a probability, hypothesis testing | Reference book: p.250-261 | |
| 13 | Applications of simulation 3: Hypothesis testing, simulating a regression equation | Lecture notes: Chapter 5 | |
| 14 | Applications of simulation 4: Simulating a regression equation, Monte Carlo Integral | Lecture notes: Chapter 5 | |
| 15 | Applications of simulation 5: Monte Carlo Integral | Lecture notes: Chapter 5 | |
| 16 | Final exam | ||
| 17 | Final exam |
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 | ||