Course Information

Course Information
Course Title Code Language Type Semester L+U Hour Credits ECTS
Econometrics I ECON301 Turkish Compulsory 5. Semester 3 + 0 3.0 5.0
Prerequisite Courses
Course Level Undergraduate
Mode of delivery Face to face.
Course Coordinator Doç. Dr. Ömer LİMANLI
Instructor(s)
Goals This course provides an introduction to econometric methods with an emphasis on the application of regression analysis to real-world economic problems. The course begins with the foundations of econometric reasoning and the simple regression model, then progresses to the multiple regression framework, covering estimation, inference, and the asymptotic properties of Ordinary Least Squares (OLS). Building on this foundation, the course addresses advanced topics including the use of dummy variables to capture qualitative information, the detection and treatment of heteroskedasticity, and key specification and data issues that arise in applied work. Throughout the course, students develop the ability to formulate testable economic hypotheses, estimate appropriate econometric models, evaluate the validity of underlying assumptions, and interpret empirical results within an economic context. By the end of the course, students are expected to acquire a solid command of cross-sectional regression analysis and to be prepared for more advanced econometric techniques covered in subsequent courses.
Course Content The course content consists of an analysis of simple and multiple regression analysis from various perspectives.
Learning Outcomes
# Öğrenme Kazanımı
1 Explain the fundamental concepts, goals, and assumptions underlying econometric analysis and the role of econometrics in empirical economic research.
2 Estimate simple and multiple linear regression models using Ordinary Least Squares (OLS) and interpret the estimated coefficients in an economic context.
3 Conduct hypothesis testing and construct confidence intervals for regression parameters using both exact and asymptotic inference procedures.
4 Assess the validity of the Classical Linear Model assumptions and diagnose potential violations such as heteroskedasticity, multicollinearity, and specification errors.
5 Apply appropriate remedial techniques when classical assumptions are violated, including heteroskedasticity-robust standard errors and model respecification strategies.
6 Incorporate qualitative information into regression models using dummy variables and interpret the resulting coefficients correctly.
7 Analyze real-world economic data using econometric software and communicate empirical findings in a structured and coherent manner.
Lesson Plan (Weekly Topics)
Week Topics/Applications Method
1. Week Introduction to Econometrics Preparation, After Class Study
2. Week Simple Regression Preparation, After Class Study
3. Week Simple Regression (Continued) Preparation, After Class Study
4. Week Multiple Regression - Estimation Preparation, After Class Study
5. Week Multiple Regression - Estimation (Continued) Preparation, After Class Study
6. Week Multiple Regression - Inference Preparation, After Class Study
7. Week Multiple Regression - Inference (Continued) Preparation, After Class Study
8. Week Multiple Regression - Asymptotic Properties of the OLS Preparation, After Class Study
9. Week Multiple Regression - Advanced Topics Preparation, After Class Study
10. Week Multiple Regression - Advanced Topics (Continued) Preparation, After Class Study
11. Week Dummy Variables Preparation, After Class Study
12. Week Heteroskedasticity Preparation, After Class Study
13. Week More on Specification and Data Issues Preparation, After Class Study
14. Week More on Specification and Data Issues (Continued) Preparation, After Class Study
*Midterm and final exam dates are not specified in the 14-week course operation plan. Midterm and final exam dates are held on the dates specified in the academic calendar with the decision of the University Senate.
The Matrix for Course & Program Learning Outcomes
No Program Requirements Level of Contribution
1 2 3 4 5
1 Know the basic concepts of economics at an advanced level; can abstract the economic decision-making units in households, firms, government agencies, and predict the results of their decision-making mechanisms in different market and competition conditions.
2 Understand the objectives of economies such as growth, employment, productivity, sustainability; may propose solutions to problems such as unemployment, contraction, inflation, high interest rates and similar problems.
3 Capable to make sense of the international interactions of national economies with an international economic perspective.
4 Have knowledge about the historical development of the world economy and its current structure, understand the working process of different economic systems.
5 Can combine economic theory with mathematical, statistical and econometric skills to analyze concrete situations; are experienced in economic data collection and analysis methods by utilyzing technology.
6 Analyze the different sectors of the economy such as agriculture, industry and services through the Production Factors such as Labor, Capital, Natural Resource, Information and Entrepreneurship and evaluate the country economies.
7 Know the current status, historical background, the strengths and weaknesses of Turkish economy in macro and micro scale; can propose solutions, make theoretical and applied studies in this direction as individuals and teams.
8 Know the relations of economics as a social science with other sciences especially with politics, business administration, law, history, mathematics and engineering; reflect the theoretical knowledge in practice and have collaborative working culture.
9 Have the consciousness of lifelong learning, use the education to keep knowledge updated and contribute to the business life.
10 Have the cultural consciousness, know their own history, develop awareness of working with different cultures, respect individual, social and cultural rights.
11 Behave in accordance with ethical values in their works, have the ability of questioning, free thinking with no prejudices.
12 Have the consciousness of fulfilling the given tasks at the right time. In this process, utilize in maximum written, visual, audio sources and information-communication technologies.
13 Have the experience and ability to explain what they learn in written, oral and visual manner.
14 Use the Turkish and English language properly and effectively, and pursue professional readings in double language.
Relations with Education Attainment Program Course Competencies
Program Requirements DK1 DK2 DK3 DK4 DK5 DK6 DK7
PY1 3 3 2 2 2 3 3
PY2 2 2 1 1 2 2 2
PY3 1 1 1 1 1 1 1
PY4 1 1 1 1 1 1 1
PY5 4 5 5 5 5 5 5
PY6 1 2 1 1 1 2 2
PY7 1 2 1 1 1 2 2
PY8 3 3 3 3 3 3 3
PY9 2 2 2 3 3 2 3
PY10 1 1 1 1 1 1 1
PY11 2 2 2 3 2 2 3
PY12 1 3 3 3 3 3 4
PY13 2 3 3 3 3 3 4
PY14 2 2 2 2 2 2 3
Recommended Sources
Ders Kitabı veya Notu Ders Kitabı veya Ders Notu bulunmamaktadır.
Diğer Kaynaklar
  • Wooldridge, Jeffrey M. 2019. Introduction to Econometrics: A Modern Approach, Volume 1. Translated from the 4th Edition—Revised 2nd Edition. NOBEL Academic Publishing.
ECTS credits and course workload
ECTS credits and course workload Quantity Duration (Hour) Total Workload (Hour)
Ders İçi
Class Hours 14 3 42
Ders Dışı
Preparation, After Class Study 14 3 42
Research 13 3 39
Interview 1 2 2
Sınavlar
Midterm 1 1 1
Final 1 1.5 1.5
Total Workload 127.5
*AKTS = (Total Workload) / 25,5 ECTS Credit of the Course 5.0