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Information
| Code | IEM741 |
| Name | Dynamic Panel Data Models I |
| Term | 2022-2023 Academic Year |
| Semester | . Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
Course Goal / Objective
The aim of the course is to enable students to comprehend the panel unit root and panel cointegration issues and make applications related to these topics.
Course Content
This course introduces some advanced topics in panel data. After review of some fundamentals related to panel data, panel unit root and panel cointegration topics will be discussed.
Course Precondition
At least two econometrics courses at the graduate level.
Resources
Dynamic Panel Data Models, Christopher F. Baum, SAGE Publications Limited, 2020.
Notes
Lecture Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Understands the fundementals of panel data |
| LO02 | Learns how to apply panel unit root tests |
| LO03 | Learns how to apply panel cointegration tests |
| LO04 | Performs diagnostic tests in panel data analysis. |
| LO05 | Evaluates economically the results of the panel data analysis |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains contemporary concepts about Econometrics, Statistics, and Operation Research | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explains relationships between acquired knowledge about Econometrics, Statistics, and Operation Research | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains how to apply acquired knowledge in the field to Economics, Business, and other social sciences | 5 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Performs conceptual analysis to develop solutions to problems | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Interprets the results obtained from the most appropriate method to predict the model | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Synthesizes the information obtained by using different sources within the framework of academic rules in a field that does not research | 5 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Uses acquired knowledge in the field to determine the vision, aim, and goals for an organization/institution | 4 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Searches for new approaches and methods to solve problems being faced | 3 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Presents analysis results conveniently | 5 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Collects/analyzes data in a purposeful way | |
| PLO12 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Converts its findings into a master's thesis or a professional report in Turkish or a foreign language | 5 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Develops solutions for organizations using Econometrics, Statistics, and Operation Research | 3 |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Performs an individual work to solve a problem with Econometrics, Statistics, and Operation Research | 3 |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in the field of study | |
| PLO17 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research or writes a new code | 3 |
| PLO18 | 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 | |
| PLO19 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on economic and social events by following current issues | |
| PLO20 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Intorduction to fundamentals related to panel data | Related readings | Öğretim Yöntemleri: Anlatım |
| 2 | Review of fundamentals related to panel data | Related readings | Öğretim Yöntemleri: Anlatım |
| 3 | Solving examples about panel data | Related readings | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 4 | Review of fundamentals related to dynamic panel data | Related readings | Öğretim Yöntemleri: Anlatım |
| 5 | Introduction to Panel unit root approach | Related readings | Öğretim Yöntemleri: Anlatım |
| 6 | Panel unit root approaches | Related readings | Öğretim Yöntemleri: Anlatım |
| 7 | Introduction to Panel unit root tests | Related readings | Öğretim Yöntemleri: Anlatım |
| 8 | Midterm Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Panel unit root tests | Related readings | Öğretim Yöntemleri: Anlatım |
| 10 | Application of Panel cointegration tests | Related readings | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 11 | Introduction to IPS Panel unit root test | Related readings | Öğretim Yöntemleri: Anlatım |
| 12 | IPS Panel unit root test, application | Related readings | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 13 | Intorduction to LL panel unit root test | Related readings | Öğretim Yöntemleri: Anlatım |
| 14 | LL panel unit root test, application | Related readings | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 15 | Introduction to Panel cointegration approach | Related readings | Öğretim Yöntemleri: Anlatım |
| 16 | Review | Related readings | Öğretim Yöntemleri: Tartışma, Alıştırma ve Uygulama, Soru-Cevap |
| 17 | Final exam | Related readings | Ölçme Yöntemleri: Yazılı Sınav |
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 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||