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.
Applied Econometrics (ECON 401)
Programs\Type | Required | Core Elective | Area Elective |
Business Analytics Minor | * | ||
Data Science and Analytics | * | ||
Economics | * | ||
Economics | * |
CONTENT
OBJECTIVE
Refer to the course content
LEARNING OUTCOMES
- 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.
PROGRAMME OUTCOMES
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. Possess sufficient knowledge of mathematics, science and program-specific engineering topics; use theoretical and applied knowledge of these areas in complex engineering problems.
2. Identify, define, formulate and solve complex engineering problems; choose and apply suitable analysis and modeling methods for this purpose.
3. Develop, choose and use modern techniques and tools that are needed for analysis and solution of complex problems faced in engineering applications; possess knowledge of standards used in engineering applications; use information technologies effectively.
4. Have the ability to design a complex system, process, instrument or a product under realistic constraints and conditions, with the goal of fulfilling specified needs; apply modern design techniques for this purpose.
5. Design and conduct experiments, collect data, analyze and interpret the results to investigate complex engineering problems or program-specific research areas.
6. Possess knowledge of business practices such as project management, risk management and change management; awareness on innovation; knowledge of sustainable development.
7. Possess knowledge of impact of engineering solutions in a global, economic, environmental, health and societal context; knowledge of contemporary issues; awareness on legal outcomes of engineering solutions; knowledge of behavior according to ethical principles, understanding of professional and ethical responsibility.
8. Have the ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions.
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
Update Date:
ASSESSMENT METHODS and CRITERIA
Percentage (%) | |
Term-Paper | 40 |
Participation | 15 |
Written Report | 30 |
Presentation | 15 |