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Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMICS (PhD) | |
| Code | İKT831 |
| Name | Advanced Econometrics |
| Term | 2024-2025 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HASAN ALTAN ÇABUK |
| Course Instructor |
Prof. Dr. MEHMET ÖZMEN
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
In this course, it is aimed to model economic relationships by using econometric methods, make applications via the computer program and interpret the models.
Course Content
In this course, the topics of DF and ADF unit root tests, Engle-Granger and Johansen cointegration tests, estimation of VEC model, estimation of ARIMA models, estimation of VAR model will be covered.
Course Precondition
There are no prerequisites for the course.
Resources
Gujarati, D. N. & Porter, D. C. (2012). Temel ekonometri (Ü. Şenesen and G. Günlük Şenesen, Trans.). İstanbul: Literatür Publishing.
Notes
Wooldridge, J. M. (2019). Ekonometriye giriş-Modern yaklaşım (E. Ç. Akay, Trans.). Nobel Publishing.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explaining econometric concepts |
| LO02 | Creating economic models with economics background |
| LO03 | Modelling problems using the knowledge of mathematics, statistics and econometrics |
| LO04 | Following current developments as being aware of the necessity of lifelong learning, being in progress continuously |
| LO05 | Following current issues, interpreting data on economic and social events |
| LO06 | Using information technologies and at least one computer programming language related to econometrics, statistics and operations research fields |
| LO07 | Explaining the difference between integration and cointegration |
| LO08 | Applying the key econometric techniques regarding the macroeconomic and financial data |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains the importance of demand and supply and the conditions of the market economy to work better | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Conducts new research that contributes to science. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Specifies the role of the price advantage in market economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Applies the methods of economic analysis. | 5 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Has the knowledge of quantitative and qualitative techniques used in Economics. | 4 |
| PLO09 | Yetkinlikler - Alana Özgü Yetkinlik | Builds, decodes and interprets models by using quantitative and qualitative techniques | |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Takes responsibility individually and / or in a team,leads a team and works effectively | 4 |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. | |
| PLO13 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. | |
| PLO15 | Beceriler - Bilişsel, Uygulamalı | Publishes original studies in the field of economics in scientific journals. | |
| PLO16 | Beceriler - Bilişsel, Uygulamalı | Knows where and how to find all scientific resources and data with information technologies to do research. | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Understands the necessity and importance of research in social sciences. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Estimation of AR model | Gujarati & Porter (2012) - Temel ekonometri (Chapter 22) | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 2 | Estimation of MA model | Gujarati & Porter (2012) - Temel ekonometri (Chapter 22) | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 3 | Estimation of ARMA model | Gujarati & Porter (2012) - Temel ekonometri (Chapter 22) | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Deney / Laboratuvar |
| 4 | Estimation of ARIMA model | Gujarati & Porter (2012) - Temel ekonometri (Chapter 22) | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Deney / Laboratuvar |
| 5 | Estimation of VAR model | Gujarati & Porter (2012) - Temel ekonometri (Chapter 22) | Öğretim Yöntemleri: Anlatım, Tartışma, Deney / Laboratuvar |
| 6 | Estimation of ARCH model | Gujarati & Porter (2012) - Temel ekonometri (Chapter 22) | Öğretim Yöntemleri: Anlatım, Deney / Laboratuvar, Tartışma |
| 7 | Review before the midterm exam | Gujarati & Porter (2012) - Temel ekonometri (Chapter 22) | Öğretim Yöntemleri: Soru-Cevap, Tartışma, Grup Çalışması |
| 8 | Mid-Term Exam | Studying the course content | Ölçme Yöntemleri: Yazılı Sınav, Ödev, Proje / Tasarım |
| 9 | DF unit root test | Gujarati & Porter (2012) - Temel ekonometri (Chapter 21) | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 10 | ADF unit root test | Gujarati & Porter (2012) - Temel ekonometri (Chapter 21) | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Deney / Laboratuvar |
| 11 | ADF unit root test-2 | Gujarati & Porter (2012) - Temel ekonometri (Chapter 21) | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Grup Çalışması |
| 12 | Engle-Granger cointegration test | Gujarati & Porter (2012) - Temel ekonometri (Chapter 21) | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Deney / Laboratuvar |
| 13 | Engle-Granger cointegration test-1 | Gujarati & Porter (2012) - Temel ekonometri (Chapter 21) | Öğretim Yöntemleri: Anlatım, Grup Çalışması, Deney / Laboratuvar |
| 14 | Johansen cointegration test | Gujarati & Porter (2012) - Temel ekonometri (Chapter 21) | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Deney / Laboratuvar, Soru-Cevap |
| 15 | Johansen cointegration test-1 | Gujarati & Porter (2012) - Temel ekonometri (Chapter 21) | Öğretim Yöntemleri: Alıştırma ve Uygulama, Grup Çalışması, Tartışma |
| 16 | Final Exam | Studying the whole course content | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Final Exam | Studying the whole course content | Ölçme Yöntemleri: Yazılı Sınav |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 8 | 112 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 4 | 8 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 212 | ||
| Total Workload / 25 (h) | 8,48 | ||
| ECTS | 8 ECTS | ||