ECMS301 Economic Statistics

5 ECTS - 3-0 Duration (T+A)- 5. Semester- 3 National Credit

Information

Code ECMS301
Name Economic Statistics
Term 2023-2024 Academic Year
Semester 5. 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
Label E Elective
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. HÜSEYİN GÜLER
Course Instructor Doç. Dr. ÇİLER SİGEZE GÜNEY (A Group) (Ins. in Charge)


Course Goal / Objective

The aim of this course is 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 to show the importance of statistics 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

Horn, R. V. Statistical Indicators for the Economic and Social Sciences. Cambridge: Cambridge Univ. Pr., 1993. (A hard copy is available at the Çukurova University Library). Guide to Economic Indicators: Making Sense of Economics. London: Profile Books Ltd., 2006. (e-book can be downloaded from Çukurova University Library). Temple, P. First Steps in Economic Indicators. Harlow: Financial Times Prentice Hall, 2002.

Notes

Picker, A. D. International Economic Indicators and Central Banks. New Jersey: Wiley & Sons, 2007.


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Understands the importance of statistics for analyzing economic data
LO02 Collects economic data from reliable sources
LO03 Appropriately summarize collected economic data
LO04 Determines statistical methods which are appropriate to the economic data
LO05 Reads economic data by associating it with human behavior and basics of economic structure
LO06 Interprets economic conjuncture appropriately
LO07 Explains the usage areas of economic and social statistics
LO08 Calculates economic statistics and indices


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 4
PLO02 Bilgi - Kuramsal, Olgusal Acquires basic Mathematics, Statistics and Operation Research concepts 4
PLO03 Bilgi - Kuramsal, Olgusal Describes the necessary concepts of Business
PLO04 Beceriler - Bilişsel, Uygulamalı Equipped with the foundations of Economics, and develops Economic models 1
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
PLO07 Beceriler - Bilişsel, Uygulamalı Collects/analyses data 3
PLO08 Bilgi - Kuramsal, Olgusal Interprets the results analyzed with the model 2
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
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
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 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 4
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, Alıştırma ve Uygulama
2 Data reading methods with practical, theoretical and accounting approaches - 1 Readings and application Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
3 Data reading methods with practical, theoretical and accounting approaches - 2 Readings and application Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
4 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, Problem Çözme
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, Problem Çözme
7 Fluctuations in the economy (Kitchin cycles, Juglar curves, Kuznets and Kondratieff cycles); Leading, coincident and lagging indicators Readings and application Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
8 Mid-Term Exam Yarıyıl sonu sınavına yönelik hazırlık Ölçme Yöntemleri:
Yazılı Sınav
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, Problem Çözme
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, Örnek Olay
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, Alıştırma ve Uygulama, Problem Çözme
15 Some analyzes of time series methods Readings, problem set and application Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
16 Term Exams General review for the final exam Ölçme Yöntemleri:
Yazılı Sınav
17 Term Exams General review for the 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 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

Update Time: 10.05.2023 08:39