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Information
| Code | EKMZ401 |
| Name | Econometrics III |
| Term | 2023-2024 Academic Year |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 3 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. SEDA ŞENGÜL |
| Course Instructor |
Prof. Dr. SEDA ŞENGÜL
(A Group)
(Ins. in Charge)
Prof. Dr. SEDA ŞENGÜL (B Group) (Ins. in Charge) |
Course Goal / Objective
The aim of this course is to provide students with the basic concepts of econometrics and to strengthen econometric background. This course also aims to equip students with skills to carry out independent applied research and be able to apply certain econometric methods to economic problems.
Course Content
This course, which is the continuation of econometrics I and econometrics II, will focus on topics such as simultaneous equations estimation methods, dynamic models, discrete choice models, limited dependent variable models, panel data analysis, time series analysis.
Course Precondition
No prerequisites are required.
Resources
Damodar N. Gujarati "Introduction to Econometrics"
Notes
Lectures
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | The basic subjects of econometrics are well known |
| LO02 | The student is able to estimate and interpret econometric models. |
| LO03 | The student gaines skills to carry out independent applied research as well as to develop new econometric methods |
| LO04 | The student can identify any econometric problems and to develop the solutions. |
| LO05 | The student can produce solutions to any econometric problems in an econometric model. |
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 | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | 4 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 3 |
| 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 | 4 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Interprets the results analyzed with the model | 3 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | 3 |
| 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 | 5 |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in its field. | 3 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | 4 |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | 3 |
| 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 | |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Model specification, model specifation error and types of model specification error | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 2 | Tests of model specification error , errors of measurement and model selection criteria. | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 3 | Dynamanic models: Estimation of Distributed -Lag models. The Koyck Approach, Adaptive expectation, Partial adjustment | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 4 | Estimation of Autoregressive models: Almon approach, polinominal spline distrubuted lags, exogeneity tests, the wu-hausman test | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 5 | Simultaneous equation models:specifation and identification in Simultaneous equation models | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 6 | Estimation and inference in simultaneous equation models: indirect least squares, generalized least squares, the two-stage least squares estimator, the limited information maximum likelihood, the full information maximum likelihood | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 7 | Maximum likelihood (ML): properties of ML estimators. ML estimation of linear model, | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 8 | Mid-Term Exam | Students prepare for mid-term exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | aximum likelihood (ML): likelihood ratio test, wald test, lagrange multiplier tests | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 10 | Discrete choice models: Linear probability model, probit and logit models | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 11 | Limited dependent variables: truncating, censoring, and sample selection | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 12 | Tobit model, Heckman model | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 13 | Panel data analysis: general terms of panel data, advantages of panel data, pooled least squares | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 14 | panel data analysis fixed effects models and random effects models | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 15 | Time series modeling: ARMA processes, testing and estimation for stationarity, forecast | Students will be prepared by studying relevant subjects from source books according to the weekly program. | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 16 | Term Exams | Students prepare for final exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Students prepare for final exam | 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 | 2 | 28 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 6 | 6 |
| Final Exam | 1 | 10 | 10 |
| Total Workload (Hour) | 86 | ||
| Total Workload / 25 (h) | 3,44 | ||
| ECTS | 3 ECTS | ||