TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. (ENGLISH) | |
| Code | ECMZ302 |
| Name | Econometrics II |
| Term | 2018-2019 Academic Year |
| Semester | 6. 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 | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
| Course Instructor |
Prof. Dr. KENAN LOPCU
(Bahar)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Providing theoretical equipment in analyzing economics relations. For this aim, understanding econometric definitions and concepts, doing statistical analysis and explaiing these.
Course Content
The problems of multicollinearity, heteroskedasticity and autocorrelation, econometric modelling, simultaneous equations models
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Defining and explaining the problem of multicollinearity |
| LO02 | Detection of the problem of multicollinearity |
| LO03 | Defining and imposing the remedial measures for multicollinearity |
| LO04 | Defining and explaining the problem of heteroskedasticity |
| LO05 | Detection of the problem of heteroskedasticity |
| LO06 | Defining and imposing the remedial measures for heteroskedasticity |
| LO07 | Defining and explaining the problem of autocorrelation |
| LO08 | Detection of the problem of autocorrelation |
| LO09 | Defining and imposing the remedial measures for autocrrelation |
| LO10 | Defining model and diagnostic testing in modelling |
| LO11 | Explaining simultaneous equations models and practicing proper estimation methods |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | 5 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 2 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO04 | - | Describes the necessary concepts of Business | 0 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 5 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 5 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 4 |
| PLO08 | - | Collects, edits, and analyzes data | 4 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 1 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 0 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 0 |
| PLO12 | - | Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied | 3 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 3 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 0 |
| PLO15 | - | Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 0 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 0 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 0 |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The problem of multicollinearity and practical consequences of the problem | Reading the textbook | |
| 2 | The tests for detecting multicollinearity | Reading the textbook | |
| 3 | Remedial measures for multicollieanirity | Reading the textbook | |
| 4 | The problem of heteroskedasticity and practical consequences of the problem | Reading the textbook | |
| 5 | The tests for detecting heteroskedasticity | Reading the textbook | |
| 6 | Remedial measures for heteroskedasticty | Reading the textbook | |
| 7 | The problem of autocorrelation and practical consequences of the problem | Reading the textbook | |
| 8 | Midterm Exam | Studying the course content | |
| 9 | The tests for detecting autocorrelation | Reading the textbook | |
| 10 | Remedial measures for autocorrelation | Reading the textbook | |
| 11 | Model specification errors in econometric modelling | Reading the textbook | |
| 12 | Tests for specification erros | Reading the textbook | |
| 13 | The structure and content of simultaneous equations models | Reading the textbook | |
| 14 | The identification problem in simultaneous equations models | Reading the textbook | |
| 15 | Estimation methods in simultaneous equations models | Reading the textbook | |
| 16 | Final Exam | Studying the whole course content | |
| 17 | Final Exam | Studying the whole course content |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| 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 | ||