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Information
| Code | ECMS412 |
| Name | Econometrics II |
| Term | 2024-2025 Academic Year |
| Semester | 8. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Yrd.Doç.Dr. CEVAT BİLGİN |
| Course Instructor |
1 2 |
Course Goal / Objective
Providing theoretical equipment in analyzing economics relations. For this aim, understanding econometric definitions and concepts, doing statistical analysis and explaiing these.
Course Content
The problems of multicollinearity, heteroskedasticity and autocorrelation, econometric modelling, simultaneous equations models
Course Precondition
There are no prerequisites for the course
Resources
Carter Hill, William Griffiths, and George Judge, Undergraduate Econometrics, 2nd Edition, John Wiley and Sons, 2001.
Notes
Lecture Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Defining the problem of multicollinearity. |
| LO02 | Detecting the multicollinearity problem. |
| LO03 | Applying the remedial measures to the multicollinearity problem. |
| LO04 | Defining the problem of heteroskedasticity. |
| LO05 | Detecting the heteroskedasticity problem. |
| LO06 | Applying the remedial measures to the heteroskedasticity problem. |
| LO07 | Defining the problem of autocorrelation |
| LO08 | Detecting the autocorrelation problem. |
| LO09 | Applying the remedial measures to the autocorrelation problem. |
| LO10 | Imposing the econometric model identification tests. |
| LO11 | Explaining simultaneous equations models |
| LO12 | Applying proper estimation methods to the simultaneous equations models |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | 5 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 5 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | 5 |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The problem of multicollinearity and practical consequences of the problem | Reading the textbook | Öğretim Yöntemleri: Anlatım |
| 2 | The tests for detecting multicollinearity | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 3 | Remedial measures for multicollieanirity | Reading the textbook | Öğretim Yöntemleri: Anlatım |
| 4 | The problem of heteroskedasticity and practical consequences of the problem | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 5 | The tests for detecting heteroskedasticity | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 6 | Remedial measures for heteroskedasticty | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 7 | The problem of autocorrelation and practical consequences of the problem | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 8 | Midterm Exam | Studying the course content | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | The tests for detecting autocorrelation | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 10 | Remedial measures for autocorrelation | Reading the textbook | Öğretim Yöntemleri: Anlatım |
| 11 | Model specification errors in econometric modelling | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 12 | Tests for specification erros | Reading the textbook | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 13 | The structure and content of simultaneous equations models | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 14 | The identification problem in simultaneous equations models | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 15 | Estimation methods in simultaneous equations models | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 16 | Final Exam | Studying the whole course content | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Final Exam | Studying the whole course content | 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 | ||