ECON484 APPLIED ECONOMETRICS II
| Course Code: | 3110484 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. HAKKI OZAN ERUYGUR |
| Offered Semester: | Spring Semesters. |
Course Objectives
The course provides an elementary but comprehensive look to the practice of modern panel data econometrics. The main topics covered include introduction to panel data, fixed and random effects estimators, Hausman test, autocorrelation and heteroscedasticity tests in panel data, robust estimation, cross-sectional dependence test, PCSE estimator, panel GLS estimator, Driscoll-Kraay standard errors, short dynamic panel estimation methods: Nickel bias and difference GMM, short dynamic panel estimation methods: system GMM, panel unit root tests, panel cointegration, dynamic heterogeneous panel methods: MG, PMG, CCEMG.
Course Content
This course concentrates on the applications of models with discrete dependent variables, models with limited dependent variables and models with duration data. Such applications may include models for binary choice, models for panel data, bivariate and multivariate Probit models, models for multiple choices and Tobit analysis of the censored regression.
Course Learning Outcomes
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | Use and develop skillfully economic concepts and theories, analyse economic behaviour and events by conceptualizing and evaluating via scientific methods (Has skills regarding theory and analysis) | ✔ | |||
| 2 | Evaluate how economic policies affect economic performance and how economic interest, relationship and interaction affect policy decisions (Knowledgeable about economic policies) | ✔ | |||
| 3 | Design and carry out studies regarding data collection, analysis and evaluation, that can be used in decision processes at every level (individual, firm, government, etc.)(Knowledgeable about quantitative and qualitative methods) | ✔ | |||
| 4 | Evaluate systematically and compare economic knowledge, phenomena and methodology; Develop critical, creative/innovative approaches to these (Critical, creative, innovative) | ✔ | |||
| 5 | Understand current economic phenomena and relevant political developments using information and data from various resources and provide multifaceted explanations (Concerned about current events) | ✔ | |||
| 6 | Follow developments in economic theory and methods; Be open to continuous learning (Open to continuous learning) | ✔ | |||
| 7 | Have skills to work independently and in a team (Individual and teamwork) | ✔ | |||
| 8 | Approach critically to economic and societal events and problems while being sensitive to social problems; Produce solutions to these problems by scientific approach; Share own thoughts (Sensitive to social problems) | ✔ | |||
| 9 | Communicate clearly, effectively and fluently (in English and Turkish) verbally and in writing, utilizing new technologies (Has effective communication skills) | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution