Economics and Finance (English)
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General Introduction Information of the Course

Course Code: ECON302
Ders İsmi: Econometrics II
Ders Yarıyılı: Spring
Ders Kredileri:
Theoretical Practical Credit ECTS
3 1 4 6
Language of instruction: EN
Ders Koşulu:
Ders İş Deneyimini Gerektiriyor mu?: No
Type of course: Necessary
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator : Dr.Öğr.Üyesi Buket ALKAN
Course Lecturer(s):



Course Assistants:

Course Objectives and Content

Course Objectives: This course focuses on understanding and solving problems that may arise in multiple linear regression analysis, recognizing time series and understanding time series regression, simultaneous equation systems.
Course Content: Multicollinearity
Series correlation
Time series
Simultaneous equation systems

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
1) Understanding Linear Regression Models
2) Regression Models-Multicollinearity, Heteroscedasticty and Autocorrelation
3) Time Series
4) Simultaneous Equation Systems
Competence to Work Independently and Take Responsibility

Course Weekly Plan

Week Subject Related Preparation
1) Review of Linear Regression Model Assupmtions Introductory Econometrics-A Modern Approach, Jeffrey M. Wooldridge, 2012, Michigan State University. Chapter 2
2) Multicollinearity Problem Introduction to Econometrics-James Stock and Mark Watson
3) Heteroskedasticity Problem Introduction to Econometrics-James Stock and Mark Watson
4) Testing for Heteroskedasticity Introduction to Econometrics-James Stock and Mark Watson
5) More on Specification and Data Issues Introduction to Econometrics-James Stock and Mark Watson
6) Time Series Characteristics Introduction to Econometrics-James Stock and Mark Watson
7) Regression Analysis with Time Series Data Introduction to Econometrics-James Stock and Mark Watson
8) Midterm Exam
9) Stationary and Weakly Dependent Time Series Introduction to Econometrics-James Stock and Mark Watson
10) Serial Correlation and Heteroskedasticity in Time Series Regressions Introduction to Econometrics-James Stock and Mark Watson
11) Cointegration Introduction to Econometrics-James Stock and Mark Watson
12) VAR Models Introduction to Econometrics-James Stock and Mark Watson
13) VAR Models Introduction to Econometrics-James Stock and Mark Watson
14) Additional Topics in Time Series Introduction to Econometrics-James Stock and Mark Watson
15) Introducion of the Project Homework
16) Final Exam

Sources

Course Notes / Textbooks: Introductory Econometrics-A Modern Approach, Jeffrey M. Wooldridge, 2012, Michigan State University.
References: Gujarati, D.N. (2009) Basic Econometrics. Tata McGraw-Hill Education, New Delhi

Relationship Between Course and Program Learning Outcomes

Course Learning Outcomes

1

2

3

4
Program Outcomes
1) Defines the relationships of production, consumption, and distribution in economics; examines complex economic systems to identify trends, causal relationships, and the potential impacts of fiscal and monetary policies.
2) Follows current developments, proposes innovative solutions to economic and financial challenges by gathering information from multiple sources and contributes to decision-making processes.
3) Prepares comprehensive economic and financial plans by considering market conditions, organizational goals, and regulations and laws.
4) Designs and conducts empirical research using appropriate mathematical, statistical, and econometric tools, as well as data analysis software and financial modeling tools; processes, analyzes, and interprets economic and financial data.
5) Explains the functioning of the global economy; analyzes the international economic environment by evaluating international trade, capital flows, and exchange rate dynamics.
6) Effectively communicates economy and finance research through written, verbal, and digital communication tools in English.
7) Exhibits strategic thinking skills in economic and financial contexts; actively participates in collaborative projects and provides leadership.
8) Critically evaluates current economic issues and policy debates using evidence-based arguments.
9) Understands the relationship of the economy with nature and society, respects cultural and individual diversity, and makes conscious decisions on environmental sustainability and ethical responsibility.
10) Explains the structure and historical development of the Turkish economy; analyzes its position in the global economy.
11) Explains the historical background and philosophical foundations of economic theories; relates these theories to current economic events.

Relationship Between Course and Learning Outcome

No Effect 1 Lowest 2 Low 3 Medium 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Defines the relationships of production, consumption, and distribution in economics; examines complex economic systems to identify trends, causal relationships, and the potential impacts of fiscal and monetary policies.
2) Follows current developments, proposes innovative solutions to economic and financial challenges by gathering information from multiple sources and contributes to decision-making processes.
3) Prepares comprehensive economic and financial plans by considering market conditions, organizational goals, and regulations and laws.
4) Designs and conducts empirical research using appropriate mathematical, statistical, and econometric tools, as well as data analysis software and financial modeling tools; processes, analyzes, and interprets economic and financial data.
5) Explains the functioning of the global economy; analyzes the international economic environment by evaluating international trade, capital flows, and exchange rate dynamics.
6) Effectively communicates economy and finance research through written, verbal, and digital communication tools in English.
7) Exhibits strategic thinking skills in economic and financial contexts; actively participates in collaborative projects and provides leadership.
8) Critically evaluates current economic issues and policy debates using evidence-based arguments.
9) Understands the relationship of the economy with nature and society, respects cultural and individual diversity, and makes conscious decisions on environmental sustainability and ethical responsibility.
10) Explains the structure and historical development of the Turkish economy; analyzes its position in the global economy.
11) Explains the historical background and philosophical foundations of economic theories; relates these theories to current economic events.

Learning Activities and Teaching Methods

Anlatım
Individual study and homework
Course
Okuma
Homework
Problem Çözme

Assessment and Evaluation Methods and Criteria

Yazılı Sınav (Açık uçlu sorular, çoktan seçmeli, doğru yanlış, eşleştirme, boşluk doldurma, sıralama)
Homework
Uygulama

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Homework Assignments 1 % 20
Midterms 1 % 40
Final 1 % 40
total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
total % 100

Workload and ECTS Credit Calculation

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 4 56
Study Hours Out of Class 14 1 14
Homework Assignments 1 20 20
Midterms 1 30 30
Final 1 30 30
Total Workload 150