Econometrics II
pelekselin@gmail.com
Content
Objective
To become familiar with the basic techniques commonly used in applied microeconometrics
and to learn how to apply econometric tools to test economic theories and
quantitatively identify factors related to economic policies.
The course will focus primarily on using microeconometric methods to analyze individual-level data (microdata) and conduct empirical analyses related to specific policy questions.
Course Content
Multiple linear regression
Nonlinear regression (logistic regression, probit regression, multinomial logistic regression, ordinary logistic regression)
Panel data
Fixed-effects model
Random-effects model
Diff-in-diff regression
Course Learning Outcomes
Be able to apply basic statistical and econometric concepts and methods in a research project
Have knowledge of standard quantitative techniques and applied models used in the field of economics
Teaching and Learning Methods
Theoretical course
Application exercises
References
Wooldridge, J., Introductory Econometrics: A Modern Approach (main reference book)
Angrist, J., and J-S. Piscke. Mostly Harmless Econometrics: An Empiricist's Companion, Princeton University Press
Stock, J. H. and M. M. Watson. Introduction to Econometrics, 2007 (latest edition: 2012).
Weekly Contents
| Week | Weekly Contents |
|---|---|
| 1 | Introduction to Multiple Linear Regression |
| 2 | Omitted Variable Bias |
| 3 | Fundamentals of Mathematical Statistics |
| 4 | Incorporating Qualitative Information into Regression Analysis |
| 5 | Linear Probability Model |
| 6 | Logistic and Probit Regressions |
| 7 | Midterm Exam |
| 8 | Multinomial Logistic Regression |
| 9 | Panel Data Methods: First differencing |
| 10 | Panel Data Methods: Fixed Effects |
| 11 | Random Effects Model |
| 12 | Difference in Differences Methodology |
| 13 | Instrumental Variables |
| 14 | Revision |
Assessment System
| Activities | Number | Contribution |
|---|---|---|
| Contribution of in-term studies to overall grade | 1 | 40 |
| Contribution of final exam to overall grade | 1 | 60 |
| Total | 2 | 100 |
| Activities | Number | Contribution |
|---|---|---|
| Assignments | 0 | 0 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 40 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Make-up | 0 | 0 |
| Total | 1 | 40 |
Relation of Proficiency
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches | X | ||||
| 2 | Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields | X | ||||
| 3 | Show a sound understanding of current economic discussions and problems | X | ||||
| 4 | Have an effective and clear communication in written and oral formats in different public and professional contexts. | X | ||||
| 5 | Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history | X | ||||
| 7 | Demonstrate knowledge of standard quantitative techniques and empirical models used in economics | X | ||||
| 8 | Show ability to apply basic economic theory to an applied topic | X | ||||
| 9 | Show a basic understanding of analytical methods, both theory- and model-based | X | ||||
| 10 | Show ability to use economic concepts to discuss current economic issues | X | ||||
| 11 | Reason logically and work analytically | X | ||||
| 12 | Show awareness on social aspects of the economics in different applied and theoretical fields | |||||
| 13 | Identify appropriate economic models to analyse problems | X | ||||
| 16 | Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work | X | ||||
| 17 | Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy | |||||
ECTS
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 1 | 14 |
| Assignments | 0 | 0 | 0 |
| Presentation | 0 | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 7 | 7 |
| Project | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Other Applications | 0 | 0 | 0 |
| Final Examinations (including preparation) | 1 | 14 | 14 |
| Quiz | 0 | 0 | 0 |
| Term Paper/ Project | 0 | 0 | 0 |
| Portfolio Study | 0 | 0 | 0 |
| Reports | 0 | 0 | 0 |
| Learning Diary | 0 | 0 | 0 |
| Thesis/ Project | 0 | 0 | 0 |
| Seminar | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| Make-up | 0 | 0 | 0 |
| Yıl Sonu | 0 | 0 | 0 |
| Hazırlık Yıl Sonu | 0 | 0 | 0 |
| Hazırlık Bütünleme | 0 | 0 | 0 |
| Total Workload | 77 | ||
| Total Workload / 25 | 3.08 | ||
| Credits ECTS | 3 | ||