Prerequisite Courses:
Course Language:
İngilizce
Course Objectives:
In this course, a higher level of knowledge of econometrics is aimed to be taught to the students who are familiar with the basics of the classical linear regression.
Course Content:
In time series, Autoregressive (AR), Moving average (MA), Random walk (RW) and Vector autoregressive models (VAR) are discussed. Further issues of time series include Vector error correction (VEC) and Arch, Garch (ARCH; GARCH) models. To be able to conduct the empirical work, an econometric computer package will be used.
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 | Programme Learning Outcomes | Teaching Methods | Assessment Methods | |
| 1) Ability to use time series, simultaneous and panel data and time sections econometrics techniques | 3,4,6 | 1,2,3,12 | A, B | |
| 2) Ability to compare and differentiate different econometric methods | 3,4,6 | 1,2,3,12 | A, B | |
| 3) Ability to determine the model for hypothesis testing | 3,4,6 | 1,2,3,12 | A, B | |
| 4) Ability to criticize and criticize econometric models | 3,4,6 | 1,2,3,12 | A, B | |
| 5) Advanced skills in using econometrics computer package | 3,4,6 | 1,2,3,12 | A, B |
Course Flow
| COURSE CONTENT | ||
| Week | Topics | Study Materials |
| 1 | Basic Regression Analysis with Time Series Data | Wooldridge 2003 Chapter 10 |
| 2 | Basic Regression Analysis with Time Series Data | Wooldridge 2003 Chapter 10 |
| 3 | Further Issues in using OLS with Time Series Data | Wooldridge 2003 Chapter 11 |
| 4 | Autoregressive Conditional Heteroscedasticity (ARCH) | Wooldridge 2003 Chapter 12 |
| 5 | Autoregressive Conditional Heteroscedasticity (ARCH) | Wooldridge 2003 Chapter 12 |
| 6 | Pooling Cross Sections Across Time: Panel Data Methods | Wooldridge 2003 Chapter 13 |
| 7 | Midterm | |
| 8 | Instrumental Variables Estimation and Two Stage Least Squares | Wooldridge 2003 Chapter 15 |
| 9 | Instrumental Variables Estimation and Two Stage Least Squares | Wooldridge 2003 Chapter 15 |
| 10 | Simultaneous Equations Models | Wooldridge 2003 Chapter 16 |
| 11 | Logit and Probit Models for Binary Response Models | Wooldridge 2003 Chapter 17 |
| 12 | Logit and Probit Models for Binary Response Models | Wooldridge 2003 Chapter 17 |
| 13 | Advanced Time Series Topics | Wooldridge 2003 Chapter 18 |
| 14 | Review | |
| 15 | Final sınavı | All Content |
Recommended Sources
| RESOURCES | |
| TEXTBOOK | Wooldridge, J. M. (2003) Introductory Econometrics, Thomson, South-Western, 2nd edition, (Int. edition). |
| OTHER | Johnston, Jack and John DiNardo, Econometric Methods, 4th Edition, McGraw-Hill, 1997. |
Material Sharing
| DOCUMENTS | |
| DOCUMENTS | Econometrics articles and statistical programs manuals (E-Views) |
Assessment
| ASSESSMENT | ||
| IN-TERM STUDIES | NUMBER | PERCENTAGE |
| Mid-Term | 1 | 100 |
| Class Performance | 0 | 0 |
| Final Exam | 1 | 100 |
| Total | 100 | |
|
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE |
60 | |
|
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE |
40 | |
| Total | 100 | |
Course’s Contribution to Program
| COURSE'S CONTRIBUTION TO PROGRAMME | ||||||
| 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. | X | ||||
| 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
| ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION | ||||
| Activities | Quantity | Duration (Hour) | Total Workload (Hour) | |
|
Course Duration (Including the exam week: 15x Total course hours/week) |
15 | 3 | 45 | |
|
Hours for off-the-classroom study (Pre-study, practice, review/week) |
15 | 4 | 60 | |
| Homework | 0 | 0 | 0 | |
| Mid-term | 1 | 20 | 20 | |
| Final | 1 | 20 | 20 | |
| Total Work Load | 145 | |||
| Total Work Load / 25 (h) | 4.8 | |||
| ECTS Credit of the Course | 6 | |||
None