ECONOMICS AND FINANCE | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ECO1164 | Research Methods and Statistics II | Spring | 3 | 0 | 3 | 8 |
Language of instruction: | English |
Type of course: | Must Course |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Hybrid |
Course Coordinator : | Dr. Öğr. Üyesi AYSE ERTUĞRUL BAYKAN |
Course Objectives: | To apply and interpret the results of a variety of statistical techniques from both descriptive and inferential statistics; to understand the fundamental concepts in statistics. |
The students who have succeeded in this course; 1. Classifying data regarding their types. 2. Reading and interpreting data from different sources. 3. Visualizing descriptive statistics from the raw data by using tables and graphs, and how to interpret these summary tables and graphs. 4. Calculating the numerical descriptive statistics from the raw data, and how to interpret these summary measures. 5. Basics about probability. 6. Random variables and basics about probability distribution of these random variables. 7. How to sample data, how these samples are distributed and what are the summary statistics of these sample distributions. 8. Tabular, graphical, and numerical description of data in R; using tools in R related with probability and probability distribution functions. |
1-How to use statistics in economics, business and finance 2-Tables and graphs for numerical data 3-What should be considered to prepare a good graphics 4-Descriptive numerical statistics 5-Data standardization and box diagram 6-Basic probability 7-Probability distribution and expected value calculations 8-Binomial and Poisson distribution 9-Normal distribution and uniform distribution" |
Week | Subject | Related Preparation |
1) | Introduction | |
2) | Descriptive statistics | |
3) | Sampling and Sampling Methods | |
4) | Basic Probability | |
5) | Basic Probability | |
6) | Discrete Probability Distributions | |
7) | Discrete Probability Distributions | |
8) | Continuous Probability Distributions | |
9) | Continuous Probability Distributions | |
10) | Sampling Distributions | |
11) | Sampling Distributions | |
12) | Introduction to Selected Statistical Software | |
13) | Statistical Applications | |
14) | Statistical Applications |
Course Notes / Textbooks: | |
References: | Basic Business Statistics, Student Value Edition, Mark L. Berenson, David M. Levine, Kathryn A. Szabat, 13th Edition, Pearson Essentials of Contemporary Business Statistics, Willliams/Sweeney/Anderson, 5th Editon, Cengage Learning Basic Statistics for Business & Economics , Lind/Marchal/Wathen, 8th Edition, McGraw Hill Statistics for Business & Economics, 8th Edition, Newbold/Carlson/Thorne, Pearson |
Semester Requirements | Number of Activities | Level of Contribution |
Homework Assignments | 2 | % 30 |
Project | 1 | % 30 |
Final | 1 | % 40 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 30 | |
PERCENTAGE OF FINAL WORK | % 70 | |
Total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 14 | 3 | 42 |
Study Hours Out of Class | 14 | 3 | 42 |
Presentations / Seminar | 1 | 40 | 40 |
Homework Assignments | 2 | 25 | 50 |
Midterms | 1 | 9 | 9 |
Final | 1 | 10 | 10 |
Total Workload | 193 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. | 5 |
2) | Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. | 2 |
3) | Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. | 1 |
4) | Analyze the interventions of politics to the economics and vice versa. | 1 |
5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | 1 |
6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | 3 |
7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | 4 |
8) | Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. | 5 |
9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | 5 |
10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. | 3 |