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Information
| Code | ECMZ302 |
| Name | Econometrics II |
| Term | 2024-2025 Academic Year |
| Semester | 6. 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 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
Successful completion of Mathematics I-II, Introduction to Economics I-II and Statistics I-II.
Resources
Carter Hill, William Griffiths, and George Judge, Undergraduate Econometrics, 2nd Edition, John Wiley and Sons, 2001. Carter Hill, William Griffiths, and Guay C. Lim, Principles of Econometrics, 4rth Edition, John Wiley and Sons, 2011. Damodar N. Gujarati, Basic Econometrics, 4th edition, McGraw-Hill, 2003. Ercan Uygur, Ekonometri: Yöntem ve Uygulama, İmaj Yayınevi, Ankara, 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 basic concepts and theorems in the fields of Econometrics, Statistics and Operations research | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | 5 |
| 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 | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Has the ability to analyze/interpret at the conceptual level to develop solutions to problems | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data | 3 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Interprets the results analyzed with the model | 5 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | |
| 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 | |
| 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 follows the current developments in the field / constantly renews itself | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | |
| 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 | 5 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies 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, Alıştırma ve Uygulama |
| 4 | The problem of heteroskedasticity and practical consequences of the problem | Reading the textbook | Öğretim Yöntemleri: Anlatım |
| 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 |
| 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, Alıştırma ve Uygulama |
| 11 | Model specification errors in econometric modelling | Reading the textbook | Öğretim Yöntemleri: Anlatım |
| 12 | Tests for specification erros | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 13 | The structure and content of simultaneous equations models | Reading the textbook | Öğretim Yöntemleri: Anlatım |
| 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 | 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 | ||