TÜRKÇE
ENGLISH
Information
| Code | EKMS301 |
| Name | Economics Statistics |
| Term | 2022-2023 Academic Year |
| Semester | 5. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. MEHMET ÖZMEN |
| Course Instructor |
Prof. Dr. MEHMET ÖZMEN
(A Group)
(Ins. in Charge)
Prof. Dr. MEHMET ÖZMEN (B Group) (Ins. in Charge) |
Course Goal / Objective
In this course, it has been aimed to analyze series -which will be collected on the basis of the Turkish economy from the databases related to economic researches- with appropriate statistical methods and show the place of the statistic in the field of economics practically.
Course Content
Data sources; Central Bank of the Republic of Turkey and OECD leading indicators; trend analysis; index types (foreign trade indices, price indices, consumer confidence indices, sectoral confidence indices); various statistics (construction permit statistics, housing sales and price statistics etc.); data reading; inflation calculation; structural properties of gross domestic product; economic fluctuations; Kitchin, Kuznets, Kondratieff cycles; fiscal and monetary statistics; risk measurement are basic issues.
Course Precondition
None
Resources
Clayton, G., Giesbrecht, M. G., and Guo, F. (2010). A guide to everyday economic statistics. Seventh Edition, McGraw-Hill Higher Education.
Notes
Yamarone, R. (2012). The trader's guide to key economic indicators. John Wiley & Sons.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Describing the statistical methods which are appropriate to the data collected |
| LO02 | Associating economic data with human behaviors and basics of economic structure |
| LO03 | Distinguishing the usage areas of economic and social statistics |
| LO04 | Applying probability models that are widely used in economics and appropriate statistical analyses accurately |
| LO05 | Calculating descriptive statistics |
| LO06 | Interpreting the economic conjuncture correctly |
| LO07 | Computing economic statistics and indexes |
| LO08 | Using graphical and numerical methods to display descriptive statistics |
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 | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | 3 |
| 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 | 3 |
| 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 | 5 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | 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 | 5 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | It develops traditional approaches, practices and methods into new working methods when it deems necessary | 4 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | 4 |
| 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 | 3 |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in its field. | 5 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | 1 |
| 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 | Types of data in economic researches, indicators, variables and graph types, basic statistical concepts | Reading | Öğretim Yöntemleri: Anlatım |
| 2 | Data reading methods with practical, theoretical and accounting approaches | Readings and application | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 3 | The concept of index, index types (simple and composite indices; Laspeyres, Paasche and Fisher indices); index weighing and commenting | Readings and Application | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 4 | Data set and methods of tracking economy in terms of consumption based on employment, consumer loans, consumer confidence index and consumption expenditures | Readings and Application | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 5 | Methods of tracking economic developments in terms of demand-supply production; Sectoral expectation-confidence indices | Readings and application | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 6 | Interpretations of inflation and price indices; Some structural features of national income | Readings and application | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 7 | Fluctuations in the economy (Kitchin cycles, Juglar curves, Kuznets and Kondratieff cycles); Leading, coincident and lagging indicators | Readings and application | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Alıştırma ve Uygulama |
| 8 | Midterm Exam | Studying the course content | Ölçme Yöntemleri: Yazılı Sınav, Ödev, Proje / Tasarım |
| 9 | Foreign trade and industry statistics applied in Turkey; Financial and monetary statistics | Readings and application | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 10 | Risk concept and measurement; Interpretation of financial statements | Readings and application | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 11 | Stock Exchange and development indices | Readings and application | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 12 | Monitoring of the economy and prices; Consumer prices I-Index | Readings and application | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 13 | Exchange rate market and outsourcing; OECD and Central Bank leading indicators indices | Readings and application | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 14 | Economic applications of regression and trend analysis | Readings, problem set and application | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Alıştırma ve Uygulama |
| 15 | Some analyzes of time series methods | Readings, problem set and application | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, 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 | ||