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Information
| Code | TEP401 |
| Name | Econometrics |
| Term | 2023-2024 Academic Year |
| Semester | 7. Semester |
| Duration (T+A) | 2-2 (T-A) (17 Week) |
| ECTS | 3 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HAYDAR ŞENGÜL |
| Course Instructor |
Arş.Gör.Dr. Burak ÖZTORNACI
(A Group)
(Ins. in Charge)
|
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
None
Resources
Damodar N. Gujarati&Dawn C. Porter. Temel Ekonometri (Çevirenler Ümit Şenesen, Gülay G. Şenesen) Literatür Yayıncılık, Ankara.
Notes
A. Koutsoyiannis, Ekonometri Kuramı, (Çevirenler Ümit Şenesen, Gülay G. Şenesen) Verso Yayıncılık, Ankara
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 for Econometirc Analysis |
| LO03 | can estimate economic paramaters (elasticity and marginal 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 | Bilgi - Kuramsal, Olgusal | is be able to explain and apply basic theories related to major science and engineering courses in order to form a foundation which enables him/her to understand advanced level subjects related to his/her profession | |
| PLO02 | Bilgi - Kuramsal, Olgusal | is able to describe, intorduce and evaluate crop and animal production techniques, tools and equipment used in this area and explain role, importance and development of agriculture in national and world economy | |
| PLO03 | Bilgi - Kuramsal, Olgusal | is able to describe characteristics and interrelations of all stages from production to consumption in agricultural sector; is able to describe basic concepts related to efficienct and sustianable use of resources; is able to explain and apply basic economic principles used for this purpose | |
| PLO04 | Bilgi - Kuramsal, Olgusal | is able to explain concepts, thought, theory and methods related to major economic, social, natural, cultural, institutional, organizational and legal factors affecting activities in agricultural sector and rural areas, also national and international forces and interaction between them, their universal and social effects | |
| PLO05 | Bilgi - Kuramsal, Olgusal | is able to apply basic principles of economics to the problemes encountered in agricultural sector | 2 |
| PLO06 | Bilgi - Kuramsal, Olgusal | is able to show and express economic and social data to be used in agricultural decision making process in tables, graphs and mathematical symbols | 3 |
| PLO07 | Bilgi - Kuramsal, Olgusal | is able to apply ecosystem, biodiversity, sustainable resource management, rural development, planning and technology use related knowledge to crop and animal production and marketing processes | |
| PLO08 | Bilgi - Kuramsal, Olgusal | determines required data related to the analysis of problems encountered in agricultural sector, critically examines and uses those data, selects a proper frame, model and method for the analysis, and evaluates results of the analysis | 5 |
| PLO09 | Bilgi - Kuramsal, Olgusal | uses basic information technologies in the analysis of economic and social data and uses software prepared for this purpose and interpretes results | 3 |
| PLO10 | Bilgi - Kuramsal, Olgusal | is able to carry studies related to his/her field independently and according to the legal procedures; is able to give consultancy, supervising, and expertise services in those fields; is able to join to team works | |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | is able to get access to actual and updated information in the field; is able to inquire knowledge obtained and use them for public benefit according to the purpose selected | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | is able to communicate with sepacialist and non-specialist people both in verbal and written form; is able to select most appropriate communications methods; is able to develop cooperation with stakeholders on producer and organization basis | |
| PLO13 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | acquires general and professional foreign language command at a sufficient level to observe professional developments and communicate with colleagues;is able to use information and communication technologies | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | is able to identify problems that can be encountered in agricultural sector; determines their context, evaluates effects of solutions, projects and policies applied in this context, produces solutions, projects and policy alternatives, foresees possible effects of alternatives suggested by himself/herself or others, selects the most appropriate alternative in terms of the goals selected, applies, direcs and monitors project | 3 |
| PLO15 | Yetkinlikler - Öğrenme Yetkinliği | is able to describe historical development of the profession, ethical principles obligatory during the performance of the profession and to be consicous of meticulous application of these principles |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Definition and context of econometrics | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Econometric research method; determining econometric model of the problem | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 3 | Estimation of the model, testing coefficients of the model and assessing estimation pover of the model | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 4 | Properties of an econometric model | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 5 | Linear Correlation | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 6 | Simple Linear Regression model | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 7 | Ordinary Least Square (OLS) Model | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 8 | Mid-Term Exam | Preperation for midterm exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Statistical testing of significance of the estimates | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Problem Çözme |
| 10 | Multiple regression model | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Tartışma, Problem Çözme |
| 11 | Estimating non-linear economic relations | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Problem Çözme |
| 12 | Multicollinearity, heteroscedasticity | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Autocorrelation | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Tartışma, Problem Çözme |
| 14 | Simultaneous Equations Models | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | Simultaneous Equations Models (Contiuned) | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Problem Çözme |
| 16 | Term Exams | Preperation for final exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Preperation for final exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 2 | 28 |
| 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 | 4 | 4 |
| Final Exam | 1 | 12 | 12 |
| Total Workload (Hour) | 86 | ||
| Total Workload / 25 (h) | 3,44 | ||
| ECTS | 3 ECTS | ||