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Course Code: 
ECON351
Course Period: 
Autumn
Course Type: 
Core
P: 
3
Application: 
0
Credits: 
3
ECTS: 
7
Prerequisite Courses: 
Course Language: 
İngilizce
Course Coordinator: 
Courses given by: 
Course Objectives: 

This course consists of an introduction to linear regression models and hypothesis testing procedures using least squares technique. This course covers econometric model building under certain assumptions and offers solutions in the case of violation of the assumptions. Econometric applications are usually derived from economic theories with real data sets. Practice with an appropriate econometric sofware is encouraged during computing laboratory sessions.

Course Content: 

Ordinary Least Squares, OLS assumptions, point and confidence interval estimations, hypothesis testing, parameter stability tests, extensions in multiple regression analysis, using dummy variables, multicollinearity, heteroscedasticity and serial correlations.

Course Methodology: 
1: Lecture, 2: Question-Answer, 3: Discussion, 12: Case Study
Course Evaluation Methods: 
A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Learning Outcomes

Program Learning Outcomes

Teaching Methods

Assessment Methods

Understand the meaning and usefulness of econometrics;

1,2,3,4

1,2,3

A, C

Be able to understand and apply simple and multiple regression techniques;

1,2,3,4

1,2,3

A, C

Be able to apply the techniques required to test the hypotheses advanced by economic theory;

1,2,3,4

1,2,3

A, C

Be aware of the primary sources of statistical data required for applied econometric work;

1,2,3,4

1,2,3

A, C

Learn how econometric results produced from a statistical data, how to interpret those results and how to assess their quality and validity

1,2,3,4

1,2,3

A, C

Understand the relationship between economics and econometrics and what latter can contribute to the former

1,2,3,4

1,2,3

A, C

Course Flow

Week

Topics

Study Materials

1

Introduction to econometrics

Gujarati 2009 Introduction

2

Reviewing the basics of mathematics and statistics

Gujarati 2009 Appendix

3

Introducing the econometric and economic models

Gujarati 2009 Chapter 1,2

4

Ordinary Least Square Technique and its assumptions

Gujarati 2009 Chapter 3

5

Properties of the OLS estimators

Gujarati 2009 Chapter 3,4

6

Midterm exam

 

7

Multiple regression analysis

Gujarati 2009 Chapter 4,5

8

Extensions in multiple regression analysis

Gujarati 2009 Chapter 7

9

Parameter stability tests

Gujarati 2009 Chapter 8

10

Application of dummy variables in regression analysis

Gujarati 2009 Chapter 8

11

Multicollinearity analysis

Gujarati 2009 Chapter 10

12

Heteroscedasticity analysis

Gujarati 2009 Chapter 11

13

Autocorrelation analysis

Gujarati 2009 Chapter 12

14

Review

 

Recommended Sources

Textbook

Gujarati, N. D., and  Porter, D. C., (2009), Basic Econometrics, (5th  edn.), McGraw-Hill, New York.

Additional Resources

Verbeek, M. (2008), A Guide to Modern Econometrics, (3rd  edn.), John Wiley and Sons, Chicester

Material Sharing

Documents

Readings in econometrics and econometric software guide books

Assignments

 

Exams

 

Assessment

IN-TERM STUDIES

NUMBER

PERCENTAGE

Mid-terms

1

60

Quizzes (attendance, presentation, etc.)

0

0

Assignments

1

40

 

Total

100

Contribution of Final Examination to Overall Grade

 

50

Contribution of In-Term Studies to Overall Grade

 

50

 

Total

100

Course’s Contribution to Program

No

Program Learning Outcomes

Contribution

1

2

3

4

5

1

Students can keep themselves informed and analyze the current economic development in Turkey and in the world from an international political economy perspective paying a particular attention to the interaction of the Turkish economy with the global economy.

 

X

 

 

 

2

Being aware of the development and accumulation of economic thought, students can master qualitative and quantitative knowledge and methods to test various economic theories that can be applied to the analysis of the current economic problems.

 

 

X

 

 

3

Students can use statistical and econometric analyses by learning how to use information technologies that have validity and widespread use in the field of economics.

 

X

 

 

 

4

By learning how to learn in the field of economics, students can research and work individually or as a team using the Turkish and English academic resources.

 

 

 

X

 

5

Being aware of the ethical values, students know the individual, social and ecological dimensions of the concept of social responsibility and can prove that they understand the active citizenship duty that falls upon them within this framework.

 

 

 

 

 

6

Students can clearly express, present and share their knowledge, the outcomes of their studies, their ideas and comments to people in their field or other disciplines/units using the necessary data, in national and international academic and professional environments, in Turkish or English.

 

X

 

 

 

7

Students can show that understanding the universality of social rights and the concepts of social justice, which form the basis of the modern societies, and the importance of scientific perspective, which is necessary to the social development and global competitiveness.

 

 

 

X

 

 
 

ECTS

Activities

Quantity

Duration (Hour)

Total Workload (Hour)

Course Duration (Including the Exam Week: 15 x total course hours)

15

3

45

Hours for off-the-classroom study (Pre-study, practice)

15

4

60

Mid-terms

1

20

20

Quizzes (attendance, presentation, etc.)

0

0

0

Assignments

1

15

15

Final Examination

1

30

30

Total Work Load

 

 

170

Total Work Load / 25 (s)

 

 

6,8

ECTS Credit of the Course

 

 

7

3