TÜRKÇE
ENGLISH
Information
Course Goal / Objective
By the end of the course, students are expected to be completely mastered all aspects of the Least Squares Estimation and be familiar and able to use the methods Maximum Likelihood and Generalized Method of Moments
Course Content
This course is the first part of a two semester sequence designed to provide students with the applications of economic theory and econometric methods. To this end an overview of econometric methods and their applications believed to be the most useful will be presented. We will discuss how to use economic theory and data to estimate key parameters, test economic hypotheses, and predict economic outcomes
Course Precondition
No prerequisites are required.
Resources
Jeffrey M. Wooldridge "Introduction to Econometrics"
Notes
Lectures
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Economic infrastructure and economic models are created. |
| LO02 | Traditional approaches, applications and methods are examined. |
| LO03 | The maximum likelihood method is examined. |
| LO04 | Econometric techniques are applied to test economic theories. |
| LO05 | Knowledge on relevant issues and problems in economics is developed. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the basic concepts and theorems in the fields of Econometrics, Statistics and Operations research | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | 5 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Has the ability to analyze/interpret at the conceptual level to develop solutions to problems | 4 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data | 3 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Interprets the results analyzed with the model | 2 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | 4 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | It develops traditional approaches, practices and methods into new working methods when it deems necessary | 5 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | 4 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | In addition to herself/himself professional development, constantly improves in scientific, cultural, artistic and social fields in line with interests and abilities | 4 |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in its field. | 3 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | 4 |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | 3 |
| PLO16 | 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 | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on current economic and social issues | |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Subject Matters and Methodology | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 2 | Least Squares Estimation | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 3 | Least Squares Estimation (Second lesson) | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 4 | Methods of Maximum Likelihood Estimation | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 5 | Methods of Maximum Likelihood Estimation (second lesson) | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 6 | Statistical Inference Using the Maximum Likelihood Approach | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 7 | Statistical Inference Using the Maximum Likelihood Approach (second lesson) | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 8 | Mid-Term Exam | Students are prepared for the midterm exam. | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Moments Estimator | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 10 | Expected value and Methods of Moments | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 11 | Statistical Inference Using Methods of Moments | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 12 | Statistical Inference Using Generalized Methods of Moments (second Lesson) | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 13 | Generalized Methods of Moments | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 14 | Other Estimation Techniques | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 15 | Other Estimation Techniques (application) | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 16 | Term Exams | Students are prepared for the final exam. | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Students are prepared for the 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 | 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 | ||