Applied Econometrics (ECON 401)

2021 Fall
Faculty of Arts and Social Sciences
Abdurrahman Bekir Aydemir,
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Formal lecture,Seminar
Discussion based learning,Project based learning
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The purpose of this course is to provide students with state of the art econometric methods for empirical analysis of micro data (individuals, households, firms etc.). Issues related to specification, estimation and identification of different models with cross-section and panel data will be studied. The course has an emphasis both on the econometric techniques and their applications to different topics. Students are expected to read assigned papers and undertake numerous practical assignments using a modern econometric software package.


Refer to the course content


  • On completion of the module, students should be able to a) demonstrate a knowledge of the difference between correlation and causal effects,
  • b) comprehend the role of observable and unobservable factors in identification of causal parameters of interest,
  • c) identify the applied methods used for identification,
  • d) analyze problems associated with identification of causal parameters and suggest solutions.


1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 2

2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 2

3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 3

4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 4

5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 4

1. Develop knowledge of theories, concepts, and research methods in humanities and social sciences. 5

2. Assess how global, national and regional developments affect society. 5

3. Know how to access and evaluate data from various sources of information. 5

1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 5

2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 3

3. Recognize how incentives shape the behavior of individuals and organizations. 3

4. Identify "economic" problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5

5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 5


  Percentage (%)
Term-Paper 40
Participation 10
Written Report 40
Presentation 10