ECONOMETRICS

Course Description

Econometrics is important in economics for several reasons. Most importantly, it helps economists test theories or hypotheses, whether existing or new. On top of that, they can convert data into a specific model to make decisions that support empirical data. Econometrics allows economists to convert economic theories into quantifiable metrics. Econometrics is also crucial for establishing trends between datasets. Based on these trends, economists can also forecast future financial or economic trends. It also helps them get a specific pattern or result from cluttered data. Usually, economists can use pre-packaged software that allows for straightforward analysis. Last but not least the identification and estimation of linear and nonlinear regression models and inference and hypothesis testing are the most important subjects of this study.

ECONOMETRICS

Evaluation Tools (Active Term)

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Course outcomes

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Course Syllabus

Reference Books & Course Materials

1. 01 R. Carter Hill, William E. Griffiths and Guay C. Lim, Principles of Econometrics, 5th edition, 2018.

Learning Outcomes

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Program Outcomes

1. To be able to interpret and evaluate the discussions on the theoretical aspects of International Banking and Finance.
2. To be able to identify regional and global problems that directly or indirectly affect financial issues, to develop solutions and strategies based on evidence and research.
3. To be able to define, evaluate and interpret the classical and current theories of international banking and finance policies and strategies, differences and relationships between them.
4. To have social, scientific and ethical values in the collection, interpretation, announcement and application of data in the field of international banking and finance and to assimilate these values.
5. To be able to follow, understand, interpret and analyze the changing trends in banking and financial activities in the world at an advanced level, and apply innovation and innovative working principles.
6. To be able to set goals and take initiatives to achieve them, to be creative and open to criticism and to have professional competencies at an advanced level.
7. To have an advanced level of foreign language to follow and use the information in the field and to communicate with colleagues.
8. To have advanced computer software and hardware knowledge required by the field of International Banking and Finance, and to be able to use information and communication technologies at an advanced level.
9. To be able to use theoretical and practical knowledge gained in the field of International Banking and Finance at an advanced level.
10. To be able to benefit from other fields that form the basis of financial policies and to understand the interaction between these disciplines.
11. To be able to examine the basic problems in the field of International Banking and Finance with scientific methods, to interpret and evaluate the data.
12. To be able to take responsibility individually and as a team member to solve complex problems encountered in practice related to International Banking and Finance, and to produce solutions.
13. To be able to critically evaluate the knowledge and skills acquired in the fields of International Banking and Finance, to determine learning needs and to carry the learning process to an advanced level.
14. To inform experts or non-experts on financial issues, to share their ideas and problems and solution methods by supporting them with quantitative and qualitative data.

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