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 |
ECO2062 | Applied Statistics | Spring Fall |
3 | 0 | 3 | 6 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | English |
Type of course: | Non-Departmental Elective |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Hybrid |
Course Coordinator : | Dr. Öğr. Üyesi SERKAN YEŞİLYURT |
Course Lecturer(s): |
Dr. Öğr. Üyesi AYSE ERTUĞRUL BAYKAN Prof. Dr. İPEK ALTINBAŞAK FARİNA |
Recommended Optional Program Components: | None |
Course Objectives: | To apply and interpret the results of a variety of statistical techniques from both descriptive and inferential statistics |
The students who have succeeded in this course; 1. The concept of the sampling distribution and to compute probabilities related to the sample mean and the sample proportion 2. To construct and interpret confidence interval estimates for the mean and the proportion 3. The basic principles of hypothesis testing and how to use hypothesis testing to test a mean or proportion 4. How to use hypothesis testing for comparing the difference between the means and proportion of populations 5. How to use one-way and two-way analysis of variance to test for differences among the means of several populations 6. How and when to use the chi-square test for contingency tables and how to use the chi-square test for a variance or standard deviation 7. How to use regression analysis to investigate the relationship between variables. |
Sampling and Sampling Distributions Sampling Distribution Properties Point and Interval Estimates Confidence Interval for population mean Confidence Intervals for the Population Proportion, π Fundamentals of Hypothesis Testing: One-Sample Tests Hypothesis Testing for Mean and Proportion Two-Sample Tests for Mean Two-Sample Tests for Proportion One-Way Analysis of Variance Two-Way Analysis of Variance Chi-Square Tests and Nonparametric Tests Introduction to Simple Linear Regression |
Week | Subject | Related Preparation |
1) | Sampling and Sampling Distributions | |
2) | Point and Interval Estimates | |
3) | Sampling Distribution Properties | |
4) | Confidence Interval for population mean | |
5) | Confidence Intervals for the Population Proportion, π | |
6) | Fundamentals of Hypothesis Testing: One-Sample Tests | |
7) | Hypothesis Testing for Mean and Proportion | |
8) | Review | |
9) | Two-Sample Tests for Mean | |
10) | Two-Sample Tests for Proportion | |
11) | Analysis of Variance | |
12) | Chi-Square Tests and Nonparametric Tests | |
13) | Introduction to Simple Linear Regression | |
14) | Review |
Course Notes / Textbooks: | Basic Business Statistics Concepts and Applications Mark L. Brenson, David M. Levine, Timothy C. Krehbiel, Pearson Education Prentice Hal. |
References: | . |
Semester Requirements | Number of Activities | Level of Contribution |
Homework Assignments | 4 | % 20 |
Midterms | 1 | % 35 |
Final | 1 | % 45 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 55 | |
PERCENTAGE OF FINAL WORK | % 45 | |
Total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 16 | 3 | 48 |
Study Hours Out of Class | 14 | 7 | 98 |
Midterms | 1 | 2 | 2 |
Final | 1 | 2 | 2 |
Total Workload | 150 |
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. | 3 |
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. | 3 |
5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | 2 |
6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | 2 |
7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | 3 |
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. | 2 |
9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | 2 |
10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. | 3 |