Quantitative Methods (ECON 505)

2021 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
10.00
Mustafa Oğuz Afacan mafacan@sabanciuniv.edu,
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English
Doctoral, Master
--
Formal lecture
Communicative,Discussion based learning
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CONTENT

The course introduces students to research methods, analysis and design and aims to expose them to ethical considerations in research and publishing. Topics included are linear algebra; probability theory, random variables distributions, hypothesis testing, asymptotic distribution theory, estimation.

OBJECTIVE

Economics 505 introduces students to basic mathematical tools and statistical concepts. Special emphasis will be on tools that are essential for economic statistics and econometrics. The course is designed for first year graduate students in economics, and serves to meet the departmental quantitative methods requirement.

LEARNING OUTCOME

On completion of the course, students are expected to
a) Apply the concepts of Probability Theory in practical problems,
b) analyze the main principles of statistical reasoning using the concepts from probability theory,
c) describe the basic foundations of econometric theory and methodology,
d) use basic econometric concepts like hypothesis testing and regression analysis.

ASSESSMENT METHODS and CRITERIA

  Percentage (%)
Final 40
Exam 40
Assignment 20

RECOMENDED or REQUIRED READINGS

Readings

Recommended texts:
Alpha C. Chiang, Fundamental Methods of Mathematical Economics, 3rd Ed. McGraw Hill, 1984.
Phoebus J. DhrymesMathematics for Econometrics,Springer Verlag, 2000.
Otto Bretscher, Linear Algebra with Applications, 2nd Ed., Prentice Hall, c2001.
Aris Spanos,Probability Theory and Statistical Inference, Cambridge University Press, 2000.
William Greene, Econometric Analysis, 5th Edition, Prentice Hall, 2002.