ECO1164 Research Methods and Statistics IIBahçeşehir UniversityDegree Programs ECONOMICS AND FINANCEGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ECONOMICS AND FINANCE
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ECO1164 Research Methods and Statistics II Spring 3 0 3 8

Basic information

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.

Learning Outcomes

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.

Course Content

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"

Weekly Detailed Course Contents

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

Sources

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

Evaluation System

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

ECTS / Workload Table

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

Contribution of Learning Outcomes to Programme Outcomes

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