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Information
| Code | ECMS401 |
| Name | Econometric Models I |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
Course Goal
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
Resources
Cameron, A. C., & Trivedi, P. K. (2010). Microeconometrics using stata (Vol. 2). College Station, TX: Stata press. Gujarathi, D. M. (2022). Gujarati: Basic Econometrics. McGraw-hill.
Notes
Related Lecture Note
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Students completely master the OLS method. |
| LO02 | Learn the Maximum Likelihood Method and Generalized Method of Moments |
| LO03 | Students make statistical inferences of the models they estimate |
| LO04 | Learns the necessary software for the estimation of the relevant models. |
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 | |
| 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 | |
| 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 | Bilgi - Kuramsal, Olgusal | Interprets the results analyzed with the model | 4 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | 3 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | It develops traditional approaches, practices and methods into new working methods when it deems necessary | 3 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| 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 | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it follows the current developments in the field / constantly renews itself | 4 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | 3 |
| 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 | 4 |
| 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 | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 2 | Least Squares Estimation 1 | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 3 | Least Squares Estimation 2 | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 4 | Method of Maximum Likelihood Estimation 1 | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 5 | Method of Maximum Likelihood Estimation 2 | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 6 | Statistical Inference Using the Maximum Likelihood Approach 1 | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 7 | Statistical Inference Using the Maximum Likelihood Approach 2 | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Method of Moments 1 | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 10 | Method of Moments 2 | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 11 | Statistical Inference Using the Method of Moments | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 12 | Generalized Method of Moments 1 | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 13 | Generalized Method of Moments 2 | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 14 | Other Estimation Techniques1 | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 15 | Other Estimation Techniques 2 | Readings and problem set | Öğretim Yöntemleri: Problem Çözme |
| 16 | General application | problem set | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 17 | Term Exams | 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 | ||