TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. | |
| Code | EKMS301 |
| Name | Economics Statistics |
| Term | 2020-2021 Academic Year |
| Semester | 5. 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 | Uzaktan Öğretim |
| Catalog Information Coordinator | Prof. Dr. MEHMET ÖZMEN |
| Course Instructor |
Prof. Dr. MEHMET ÖZMEN
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
It has been aimed to analyze series -which will be collected on the basis of the Turkish economy from the databases related to economic researches- with appropriate statistical methods and show the place of the statistic in the field of economics practically.
Course Content
Data sources; Central Bank of the Republic of Turkey and OECD leading indicators; trend analysis; index types (foreign trade indices, price indices, consumer confidence indices, sectoral confidence indices); various statistics (construction permit statistics, housing sales and price statistics etc.); data reading; inflation calculation; structural properties of gross domestic product; economic fluctuations; Kitchin, Kuznets, Kondratieff cycles; fiscal and monetary statistics; risk measurement are basic issues.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Collecting and arranging data and determining the statistical methods which are appropriate to the data. |
| LO02 | Learning how to read economic data by associating it with human behavior and basics of economic structure and how to interpret economic conjuncture correctly. |
| LO03 | Finding out the usage areas of economic and social statistics and calculating economic statistics and indices. |
| LO04 | Handling the probability models that are broadly used in economics, applying such models and appropriate statistical analyses accurately. |
| LO05 | Utilizing from graphical and numerical methods to calculate and illustrate descriptive statistics. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | 4 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 3 |
| 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 | 4 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 4 |
| 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 | 5 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 4 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 1 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 4 |
| 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 | 3 |
| PLO15 | - | Improves himself/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 | 4 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 1 |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Types of data in economic researches, indicators, variables and graph types, basic statistical concepts | Reading | |
| 2 | Data reading methods with practical, theoretical and accounting approaches | Readings and application | |
| 3 | The concept of index, index types (simple and composite indices; Laspeyres, Paasche and Fisher indices); index weighing and commenting | Readings and application | |
| 4 | Data set and methods of tracking economy in terms of consumption based on employment, consumer loans, consumer confidence index and consumption expenditures | Readings and application | |
| 5 | Methods of tracking economic developments in terms of demand-supply production; Sectoral expectation-confidence indices | Readings and application | |
| 6 | Interpretations of inflation and price indices; Some structural features of national income | Readings and application | |
| 7 | Fluctuations in the economy (Kitchin cycles, Juglar curves, Kuznets and Kondratieff cycles); Leading, coincident and lagging indicators | Readings and application | |
| 8 | Mid-Term Exam | Studying the course content | |
| 9 | Foreign trade and industry statistics applied in Turkey; Financial and monetary statistics | Readings and application | |
| 10 | Risk concept and measurement; Interpretation of financial statements | Readings and application | |
| 11 | Stock Exchange and development indices | Readings and application | |
| 12 | Monitoring of the economy and prices; Consumer prices I-Index | Readings and application | |
| 13 | Exchange rate market and outsourcing; OECD and Central Bank leading indicators indices | Readings and application | |
| 14 | Economic applications of regression and trend analysis | Readings, problem set and application | |
| 15 | Some analyzes of time series methods | Readings, problem set and application | |
| 16 | Term Exams | Studying the whole course content | |
| 17 | Term Exams | 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 | 75 | 30 |
| 1. Homework | 25 | 10 |
| 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 | ||