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Information
| Unit | INSTITUTE OF NATURAL AND APPLIED SCIENCES |
| AGRICULTURAL ECONOMICS (MASTER) (WITH THESIS) | |
| Code | TE547 |
| Name | Econometrics-1 |
| Term | 2018-2019 Academic Year |
| Term | Fall |
| Duration (T+A) | 2-2 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Belirsiz |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HAYDAR ŞENGÜL |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
To gain skill in modelling an economic problem within the parameters of econometrics; to teach the ways to estimate and test the parameters of the model; to gain skill in testing research hypothesis testing via econometrics.
Course Content
Description and context of econometrics; econometric research method; determining model of economic problem, model estimation, testing coefficients, evaluating predictive power of the model, desired properties of an econometric model; linear correlation; basic linear regression model; Ordinary Least Squares (OLS) method, statistical testing for significance of estimates, multiple regression model, other extensions of linear regression model (dummy variables, estimating non-linear relations); deviations from classical regression model (multicollinearity, heteroscedasticity, autocorrelation); simultaneous equations models
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Is able to determine variables of an economic case and construct a simple modelling. |
| LO02 | Can collect and arange data forEconometirc Analysis |
| LO03 | Can estimate economic paramaters (elasticity, marginal values and trends, etc.) that will contribute to decision making |
| LO04 | Is able to examine economic policies with the help of the econometric methods. |
| LO05 | can estimate future values of economic variables with the help of simple econometric methods. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Able to further develop and deepen knowledge acquired based on the undergradute level proficiencies in the fields of farm management and agricultural policy | |
| PLO02 | - | Able to comprehend interactions among related disciplines and field of agricultural economics | |
| PLO03 | - | Able to use theoretical and practical knowledge of agricultural economics in their specialization area | |
| PLO04 | - | Able to prepare reports on developments in national economy and agricultural sector; able to critically evaluate historical and actual developments in agriculture and economy; able to observe and interpret economics related publications | |
| PLO05 | - | Able to use software widely used in agricultural economics | |
| PLO06 | - | Able to combine data of actual developments with his knowledge, data and findings obtained in various disciplines and interpret them while supporting them with qualitative and quantitative data and also forming new knowledge through synthesis | |
| PLO07 | - | Ability to take the lead in multidisciplinary teams and work in teams | |
| PLO08 | - | Able to critically evaluate specialized knowledge and abilities acquired in agricultural economics and direct his/her own learning process | |
| PLO09 | - | Constantly adapt himself to new scientific developments | |
| PLO10 | - | Able to use acquired and digested agricultural economics knowledge in multidisciplinary studies, able to explain them, to transfer them to others, able to examine conclusions critically | |
| PLO11 | - | Able to transfer research results using verbal, written and visual tools | |
| PLO12 | - | Able to collect data according to scientific methods in order to solve economic problems, able to supervise and interprete data collected while taking into consideration social, scientific and ethical values | |
| PLO13 | - | Able to develop analytical approaches in order to solve complicated problems that cannot be forecast beforehand in applications of agricultural economics and policy; able to design research process; able to produce solutions by taking on responsibility and to evaluate and justify solutions |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Definition and context of econometrics | Lecture notesand related sections of the suggested resources | |
| 2 | Econometric research method; determining econometric model of the problem | Lecture notesand related sections of the suggested resources | |
| 3 | Estimation of the model, testing coefficients of the model and assessing estimation pover of the model | Lecture notesand related sections of the suggested resources | |
| 4 | Properties ofan econometric model | Lecture notesand related sections of the suggested resources | |
| 5 | Linear Correlation | Lecture notesand related sections of the suggested resources | |
| 6 | Simple Linear Regression model | Lecture notesand related sections of the suggested resources | |
| 7 | OrdinaryLeast Square (OLS) Model | Lecture notesand related sections of the suggested resources | |
| 8 | Mid-Term Exam | Preperation for midterm exam | |
| 9 | Statistical testing of significance of the estimated parameters | Lecture notesand related sections of the suggested resources | |
| 10 | Multiple regression model | Lecture notesand related sections of the suggested resources | |
| 11 | Estimating non-linear economic relations | Lecture notesand related sections of the suggested resources | |
| 12 | Multicollinearity, heteroscedasticity | Lecture notesand related sections of the suggested resources | |
| 13 | Autocorrelation | Lecture notesand related sections of the suggested resources | |
| 14 | Simultaneous Equations Models | Lecture notesand related sections of the suggested resources | |
| 15 | Simultaneous Equations Models (Contiuned) | Lecture notesand related sections of the suggested resources | |
| 16 | Term Exams | Preperation for term exam | |
| 17 | Term Exams | Preperation for term exam |