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COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
EKNM 405ECONOMETRIC MODELS3 + 05th Semester5

COURSE DESCRIPTION
Course Level Bachelor's Degree
Course Type Elective
Course Objective The aim of this study is to introduce different econometric models to students
Course Content Dynamic econometric models, Koyck and Almon models, Simultaneous equation models, identification problem, Exogeneity test, Recursive model, Overidentified models , instrumental variable method, two stage OLS, Three Stage OLS , SUR, Simulation
Prerequisites No the prerequisite of lesson.
Corequisite No the corequisite of lesson.
Mode of Delivery Face to Face

COURSE LEARNING OUTCOMES
1Estimate Dynamic models
2Estimate simultaneous equation models
3Making simulation
4Using model for policy purposes

COURSE'S CONTRIBUTION TO PROGRAM
PO 01PO 02PO 03PO 04PO 05PO 06PO 07PO 08PO 09PO 10PO 11PO 12
LO 001555555555555
LO 002555555555555
LO 003555555544444
LO 00455555555555 
Sub Total202020202020201919191914
Contribution555555555554

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
ActivitiesQuantityDuration (Hour)Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)13452
Hours for off-the-classroom study (Pre-study, practice)13452
Mid-terms11313
Final examination11313
Total Work Load

ECTS Credit of the Course






130

5
COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2019-2020 Fall1AYGÜL ANAVATAN


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Course Details
Course Code Course Title L+P Hour Course Code Language Of Instruction Course Semester
EKNM 405 ECONOMETRIC MODELS 3 + 0 1 Turkish 2019-2020 Fall
Course Coordinator  E-Mail  Phone Number  Course Location Attendance
Assoc. Prof. Dr. AYGÜL ANAVATAN aanavatan@pau.edu.tr İİBF C0103 %60
Goals The aim of this study is to introduce different econometric models to students
Content Dynamic econometric models, Koyck and Almon models, Simultaneous equation models, identification problem, Exogeneity test, Recursive model, Overidentified models , instrumental variable method, two stage OLS, Three Stage OLS , SUR, Simulation
Topics
WeeksTopics
1 Dynamic Econometric Models - The Role of “Time,’’ or “Lag,’’ in Economics - The Reasons for Lags
2 Dynamic Econometric Models (cont) - Estimation of Distributed-Lag Models - The Koyck Approach to Distributed-Lag Models
3 Dynamic Econometric Models (cont) - Rationalization of the Koyck Model: The Adaptive Expectations Model - Another Rationalization of the Koyck Model: The Stock Adjustment, or Partial Adjustment, Model - Combination of Adaptive Expectations and Partial Adjustment Models - Estimation of Autoregressive Models
4 Dynamic Econometric Models (cont) -The Method of Instrumental Variables (IV) - Detecting Autocorrelation in Autoregressive Models: Durbin h Test - A Numerical Example: The Demand for Money in Canada, 1979–I to 1988–IV - Illustrative Examples
5 Dynamic Econometric Models (cont) - The Almon Approach to Distributed-Lag Models: The Almon or Polynomial Distributed Lag (PDL)
6 Dynamic Econometric Models (cont) - Causality in Economics: The Granger Causality Test Simultaneous-Equation Models - The Nature of Simultaneous-Equation Models
7 Simultaneous-Equation Models (cont) - Examples of Simultaneous-Equation Models - The Simultaneous-Equation Bias: Inconsistency of OLS Estimators
8 Midterm
9 Simultaneous-Equation Models (cont) - The Simultaneous-Equation Bias: A Numerical Example - The Identification Problem
10 - Rules for Identification
11 - A Test of Simultaneity - Tests for Exogeneity Simultaneous-Equation Methods - Approaches to Estimation - Recursive Models and Ordinary Least Squares
12 Simultaneous-Equation Methods (cont) - Estimation of a Just Identified Equation: The Method of Indirect Least Squares (ILS) - Estimation of an Overidentified Equation: The Method of Two-Stage Least Squares (2SLS)
13 Simultaneous-Equation Methods (cont) - 2SLS: A Numerical Example
14 Simultaneous-Equation Methods (cont) - Illustrative Examples
Materials
Materials are not specified.
Resources
ResourcesResources Language
Gujarati, N. D., & Porter, C. D. (2012). Temel Ekonometri, 5. baskı, Çev. Ümit Şenesen Gülay Günlük Şenesen, 951.Türkçe
Gujarati, N. D., & Porter, C. D. (2012). Temel Ekonometri, 5. baskı, Çev. Ümit Şenesen Gülay Günlük Şenesen, 951.Türkçe
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam60Final Exam
Midterm Exam40Midterm Exam
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes