Prerequisite (s)
Undergraduate Econometrics I and Undergraduate Econometrics II
Course Aim
This course introduces the econometric models employed in testing and evaluating economic models.
Course Goals
Learning how to construct economic models
Learning how to collect economic data
Learning how to construct econometric models
Learning how to assess the results obtained from econometric models in the framework of economic theory and economic policy
Learning how to make economic policy propositions
Course Learning Outputss and Proficiencies
The main learning output of this course is to acquire the ability to analyze behavioral relationships between economic variables with the help of economic theory and mathematical statistics. In addition, the course aims at teaching students how to analyze economic problems on the basis of concrete data and make suggestions for their solutions.
Required Readings:
—Damodar N. Gujurati (2001), Temel Ekonometri, Çevirenler: Gülay Güllük Şenesen ve Ümit Şenesen, Literatür Yayınları, İstanbul.
— Peter Kennedy (2006), Ekonometri Kılavuzu, Çevirenler: Muzaffer Sarımeşeli ve Şenay Açıkgöz, Gazi Kitabevi, Ankara.
—James H. Stock and Mark W. Watson (2007), Introduction to Econometrics: International Eddition, Addison-Wesley, Boston.
Suggested Readings:
— William H. Greene (1997), Econometric Analysis, Prentice-Hall, New Jersey.
— Tümay Ertek (1996), Ekonometriye Giriş, Beta, İstanbul.
Assessment Criteria
Midterm 30% and Final 70%
Semester Course Plan
Week/Subjects
1
Economic Theory, Mathematics for Economists, and Mathematical Statistics
2
Econometric Modeling
3
Data types, Data Sources, and Data Collecting
4
Multiple Regression Analysis Using Least Squares Approach
5
Hypothesis Testing in Multiple Regression Analysis Using Least Square Approach
6
Nonlinear Regression Functions
7
Regression Analysis Employing Dummy Independent Variables
8
Regression Analysis Employing a Dichotomous Dependent Variable
9
Time Series Regression Analysis I
10
Time Series Regression Analysis II
11
Panel Data Analysis I
12
Panel Data Analysis I
13
Alternative Modeling Approaches
14
Econometric Models and Economic Policy Making
Date :
Harun Ozturkler- ozturkler@alumni.american.edu
Saturday, September 6, 2008
PhD Applied Econometrics
Prerequisite (s)
Undergraduate Econometrics I, Undergraduate Econometrics II, Undergraduate Applied Econometrics, Econometrics at Master Level, and Econometrics at PhD Level
Course Aim
This course teaches how to test economic models by employing econometric models applied on collected data, and how to assess results obtained from the econometric models.
Course Goals
Learning how to construct economic models
Learning how to construct econometric models
Learning how to use Econometric Software
Learning how to Collect Data and Prepare for the Analysis
Learning how to Compute Econometric Models
Learning how to Evaluate Results Obtained from the Computation of Econometric Models
Course Learning Outputs and Proficiencies
The main learning output of this course is to teach how to test economic theories by employing econometric models. The course views teaching econometric software as the most important learning output.
Required Readings:
-James H. Stock and Mark W. Watson (2007), Introduction to Econometrics: International Edition, Addison-Wesley, Boston.
- Eviews, RATS, and Stata Software Manuals.
Suggested Readings:
-James D. Hamilton (1994), Times Series Analysis, Princeton University Pres, New Jersey.
-Myoung-Jae Lee (2002), Panel Data Econometrics: Methods-of-moments and Limited Dependent Variables, Academic Press, San Diego.
Assessment Criteria
Midterm 30% and Final 70%
Semester Course Plan
Week/Subjects
1
Theoretical Economic Models
2
Review of Econometric Models I
3
Review of Econometric Models II
4
Econometric Software I: E-views
5
Econometric Software II: E-views
6
Econometric Software III: RATS
7
Econometric Software IV: RATS
8
Econometric Software V: Stata
9
Econometric Software VI: Stata
10
Data Collection and Preparation for the Analysis
11
Calculation of Econometric Models by Employing E-views
12
Calculation of Econometric Models by Employing RATS
13
Calculation of Econometric Models by Employing Stata
14
Assessment of Model Results in the Framework of Economic Theory
Undergraduate Econometrics I, Undergraduate Econometrics II, Undergraduate Applied Econometrics, Econometrics at Master Level, and Econometrics at PhD Level
Course Aim
This course teaches how to test economic models by employing econometric models applied on collected data, and how to assess results obtained from the econometric models.
Course Goals
Learning how to construct economic models
Learning how to construct econometric models
Learning how to use Econometric Software
Learning how to Collect Data and Prepare for the Analysis
Learning how to Compute Econometric Models
Learning how to Evaluate Results Obtained from the Computation of Econometric Models
Course Learning Outputs and Proficiencies
The main learning output of this course is to teach how to test economic theories by employing econometric models. The course views teaching econometric software as the most important learning output.
Required Readings:
-James H. Stock and Mark W. Watson (2007), Introduction to Econometrics: International Edition, Addison-Wesley, Boston.
- Eviews, RATS, and Stata Software Manuals.
Suggested Readings:
-James D. Hamilton (1994), Times Series Analysis, Princeton University Pres, New Jersey.
-Myoung-Jae Lee (2002), Panel Data Econometrics: Methods-of-moments and Limited Dependent Variables, Academic Press, San Diego.
Assessment Criteria
Midterm 30% and Final 70%
Semester Course Plan
Week/Subjects
1
Theoretical Economic Models
2
Review of Econometric Models I
3
Review of Econometric Models II
4
Econometric Software I: E-views
5
Econometric Software II: E-views
6
Econometric Software III: RATS
7
Econometric Software IV: RATS
8
Econometric Software V: Stata
9
Econometric Software VI: Stata
10
Data Collection and Preparation for the Analysis
11
Calculation of Econometric Models by Employing E-views
12
Calculation of Econometric Models by Employing RATS
13
Calculation of Econometric Models by Employing Stata
14
Assessment of Model Results in the Framework of Economic Theory
PhD Econometrics
Prerequisite (s)
Undergraduate Econometrics I, Undergraduate Econometrics II, Undergraduate Applied Econometrics, and Econometrics at Master Level
Course Aim
This course introduces the econometric models employed in testing and evaluating economic models.
Course Goals
Learning how to construct economic models
Learning how to construct econometric models
Course Learning Outs and Proficiencies
The main learning output of this course is to teach how to construct econometrics model employed in testing theoretical economic models. The course makes a significant contribution to the learning output by covering latest developments in econometric modeling techniques.
Required Readings:
—James H. Stock and Mark W. Watson (2007), Introduction to Econometrics: International Edition, Addison-Wesley, Boston.
Suggested Readings:
-William H. Greene (1997), Econometric Analysis, Prentice-Hall, New Jersey.
-James D. Hamilton (1994), Times Series Analysis, Princeton University Pres, New Jersey.
-Myoung-Jae Lee (2002), Panel Data Econometrics: Methods-of-moments and Limited Dependent Variables, Academic Press, San Diego.
Assessment Criteria
Mİdterm 30% and Final 70%
Semester Course Plan
Week/Subjects
1
Economic Models and Theoretical Approaches I
2
Economic Models and Theoretical Approaches II
3
Review of Mathematical Statistics I
4
Review of Mathematical Statistics II
5
Multiple Regression Analysis Using Least Squares Approach
6
Hypothesis Testing in Multiple Regression Analysis Using Least Square Approach
7
Deviations from the Assumptions of the Classical Model
8
Regression Analysis Employing a Dichotomous Dependent Variable and Independent
Variables I
9
Regression Analysis Employing a Dichotomous Dependent Variable and Independent
Variables II
10
Time Series Regression Analysis I
11
Time Series Regression Analysis II
12
Panel Data Analysis I
13
Panel Data Analysis II
14
Alternative Modeling Approaches
Undergraduate Econometrics I, Undergraduate Econometrics II, Undergraduate Applied Econometrics, and Econometrics at Master Level
Course Aim
This course introduces the econometric models employed in testing and evaluating economic models.
Course Goals
Learning how to construct economic models
Learning how to construct econometric models
Course Learning Outs and Proficiencies
The main learning output of this course is to teach how to construct econometrics model employed in testing theoretical economic models. The course makes a significant contribution to the learning output by covering latest developments in econometric modeling techniques.
Required Readings:
—James H. Stock and Mark W. Watson (2007), Introduction to Econometrics: International Edition, Addison-Wesley, Boston.
Suggested Readings:
-William H. Greene (1997), Econometric Analysis, Prentice-Hall, New Jersey.
-James D. Hamilton (1994), Times Series Analysis, Princeton University Pres, New Jersey.
-Myoung-Jae Lee (2002), Panel Data Econometrics: Methods-of-moments and Limited Dependent Variables, Academic Press, San Diego.
Assessment Criteria
Mİdterm 30% and Final 70%
Semester Course Plan
Week/Subjects
1
Economic Models and Theoretical Approaches I
2
Economic Models and Theoretical Approaches II
3
Review of Mathematical Statistics I
4
Review of Mathematical Statistics II
5
Multiple Regression Analysis Using Least Squares Approach
6
Hypothesis Testing in Multiple Regression Analysis Using Least Square Approach
7
Deviations from the Assumptions of the Classical Model
8
Regression Analysis Employing a Dichotomous Dependent Variable and Independent
Variables I
9
Regression Analysis Employing a Dichotomous Dependent Variable and Independent
Variables II
10
Time Series Regression Analysis I
11
Time Series Regression Analysis II
12
Panel Data Analysis I
13
Panel Data Analysis II
14
Alternative Modeling Approaches
Friday, September 5, 2008
PhD International Finance
Prerequisite (s)
Undergraduate International Economics: Theory, Undergraduate International Economics: Policy, Master Level Mathematical Economics
Course Aim
This course teaches the theories covering macroeconomic and microeconomic reasons for international capital movements, and their consequences. The course also teaches how these theories can be utilized to analyze current international capital movements.
Course Goals
Teaching the workings of international financial relations and markets
Teaching the theoretical models designed to analyze international Finance
Teaching the reasons behind international capital movements
Teaching how to analyze the effects of international capital movements on countries’ current economic performance and their long run level of economic development
Course Learning Outs and Proficiencies
The main learning output of this course is to acquire knowledge of international financial models and how to employ these models in analyzing current international financial relations.
Required Readings:
-Nelson Mark C., 2001, International Macroeconomics and Finance, Blackwell Publishers Inc., Massachusetts.
Suggested Readings:
-Roy Crum, Eugene F. Brigham, and Joel F. Houstan, 2004, Fundamentals of International Finance, South-Western College Pub., CA.— Halil Seyidoğlu, 2003, Uluslararası Finans, Güzem Can, İstanbul.— İsmail Aydoğuş ve Harun Öztürkler, 2006, Türkiye’de Cari İşlemler Açığı Sorununun Analizi, Gazi Kitabevi, Ankara.— İsmail Aydoğuş ve Harun Öztürkler, 2006, Merkez Bankası Döviz Rezervlerinin Sosyal Maliyeti, Afyon Kocatepe Üniversitesi, İİBF Dergisi, C.VIII ,S.1. http://student.aku.edu.tr/~iibf/pdf/81-08.pdf— Bordo, Michael D., 1993, "The Gold Standard, Bretton Woods and Other Monetary Regimes: A Historical Appraisal" Federal Reserve Bank of St. Louis Review, March/April 1993 Vol. 75, No.2 http://research.stlouisfed.org/publications/review/93/03/Gold_Mar_Apr1993.pdf— Bretton Woods Committee, 2003, "Sovereign Debt Restructuring Mechanism: Way Forward or Unnecessary Detour?" Critical Issues http://www.brettonwoods.org/SDRMcriticalissue.htm— Calvo, Guillermo A. and Enrique G. Mendoza, "Mexico's Balance-of-Payments Crisis: A Chronicle of Death Foretold" International Finance Discussion Papers 1996-545 Board of Governors of the Federal Reserve http://www.federalreserve.gov/pubs/ifdp/1996/545/ifdp545.pdf— Cavallo, Michele and Kate Kisselev and Fabrizio Perri and Nouriel Roubini, 2004, "Exchange Rate Overshooting And The Costs Of Floating", presented in April 2004 at the Federal Reserve Bank of San Francisco conference on Emerging Markets and Macroeconomic Volatility. http://www.frbsf.org/economics/conferences/0406/Perri.pdf— Dornbusch, R., 1976, "Expectations and Exchange-Rate Dynamics," Journal of Political Economy, Vol. 84, December, pp. 1161--1176.— Dueker, Michael J. and Andreas M. Fischer, 2001, "The Mechanics of a Successful Exchange Rate Peg: Lessons for Emerging Markets" Federal Reserve Bank of St. Louis Review, September, pp.47--56. http://research.stlouisfed.org/publications/review/01/09/0109md.pdf— Fieleke, Norman S., 1996, "What Is the Balance of Payments?" Federal Reserve Bank of Boston Special Report No. 3 http://www.bos.frb.org/economic/special/balofpay.pdf— Frankel, Jeffrey A., 1979, “On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials,” American Economic Review 69, Sep. 1979, 610--22.— Frenkel, Jacob, 1976, “A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical Evidence,” Scandinavian Journal of Economics 78 (1), May, 200--224. (Reprinted in: J. Frenkel and H. G. Johnson (1978).)— Grabbe, J. Orlin, 1996, "The Rise And Fall Of Bretton Woods" http://www.orlingrabbe.com/bretton_woods.htm (online version of his Chapter 1, International Financial Markets, 3rd edition, 1996 Prentice-Hall, Inc., a Simon & Schuster Company, Englewood Cliffs, New Jersey. ISBN 0-13-206988-1)— Higgins, Matthew and Thomas Klitgaard and Cédric Tille, "The Income Implications of Rising U.S. International Liabilities", Current Issues in Economics and Finance Volume 11, Number 12, December 2005. http://www.newyorkfed.org/research/current_issues/ci11-12.pdf— International Monetary Fund, 1996, Balance of Payments Textbook (ISBN 1-55775- 570-1)— Kouparitsas, Michael A., "International Business Cycles Under Fixed and Flexible Exchange Rate Regimes" Federal Reserve Bank of Chicago Working Paper WP2003-28. http://www.chicagofed.org/publications/workingpapers/papers/wp2003-28.pdf— Obstfeld, Maurice, 1994, "The Logic of Currency Crises" Cahiers Economiques et Monetaires. http://elsa.berkeley.edu/users/obstfeld/ftp/currency_crises/cc.pdf— Obstfeld, Maurice and Kenneth Rogoff, 1995, "The Mirage of Fixed Exchange Rates", Journal of Economic Perspectives 9, 73--96.
— Pakko, Michael R. and Patricia S. Pollard, 2003, “Burgernomics: A Big Mac™ Guide to Purchasing Power Parity”, Federal Reserve Bank of St. Louis Review 85 (6) pp. 9--27. http://research.stlouisfed.org/publications/review/03/11/pakko.pdf— Quiggin, John, 2004, "The Unsustainability of U.S. Trade Deficits", The Economists' Voice 1(3), Article 2 http://www.bepress.com/ev/vol1/iss3/art2
Assessment Criteria
Midterm 30% and Final 70%
Semester Course Plan
Week/Subjects
1
National Income Account
2
Balance of Payments
3
Central Bank Balance Sheet
4
International Financial Markets I
5
International Financial Markets II
6
Theoretical Models I
7
Theoretical Models II
8
Theoretical Models III
9
Theoretical Models IV
10
International Financial Crises I
11
International Financial Crises II
12
Assessment of working of international financial institutions
13
Turkey’s international finacial problems and their solutions I
14
Turkey’s international finacial problems and their solutions II
Undergraduate International Economics: Theory, Undergraduate International Economics: Policy, Master Level Mathematical Economics
Course Aim
This course teaches the theories covering macroeconomic and microeconomic reasons for international capital movements, and their consequences. The course also teaches how these theories can be utilized to analyze current international capital movements.
Course Goals
Teaching the workings of international financial relations and markets
Teaching the theoretical models designed to analyze international Finance
Teaching the reasons behind international capital movements
Teaching how to analyze the effects of international capital movements on countries’ current economic performance and their long run level of economic development
Course Learning Outs and Proficiencies
The main learning output of this course is to acquire knowledge of international financial models and how to employ these models in analyzing current international financial relations.
Required Readings:
-Nelson Mark C., 2001, International Macroeconomics and Finance, Blackwell Publishers Inc., Massachusetts.
Suggested Readings:
-Roy Crum, Eugene F. Brigham, and Joel F. Houstan, 2004, Fundamentals of International Finance, South-Western College Pub., CA.— Halil Seyidoğlu, 2003, Uluslararası Finans, Güzem Can, İstanbul.— İsmail Aydoğuş ve Harun Öztürkler, 2006, Türkiye’de Cari İşlemler Açığı Sorununun Analizi, Gazi Kitabevi, Ankara.— İsmail Aydoğuş ve Harun Öztürkler, 2006, Merkez Bankası Döviz Rezervlerinin Sosyal Maliyeti, Afyon Kocatepe Üniversitesi, İİBF Dergisi, C.VIII ,S.1. http://student.aku.edu.tr/~iibf/pdf/81-08.pdf— Bordo, Michael D., 1993, "The Gold Standard, Bretton Woods and Other Monetary Regimes: A Historical Appraisal" Federal Reserve Bank of St. Louis Review, March/April 1993 Vol. 75, No.2 http://research.stlouisfed.org/publications/review/93/03/Gold_Mar_Apr1993.pdf— Bretton Woods Committee, 2003, "Sovereign Debt Restructuring Mechanism: Way Forward or Unnecessary Detour?" Critical Issues http://www.brettonwoods.org/SDRMcriticalissue.htm— Calvo, Guillermo A. and Enrique G. Mendoza, "Mexico's Balance-of-Payments Crisis: A Chronicle of Death Foretold" International Finance Discussion Papers 1996-545 Board of Governors of the Federal Reserve http://www.federalreserve.gov/pubs/ifdp/1996/545/ifdp545.pdf— Cavallo, Michele and Kate Kisselev and Fabrizio Perri and Nouriel Roubini, 2004, "Exchange Rate Overshooting And The Costs Of Floating", presented in April 2004 at the Federal Reserve Bank of San Francisco conference on Emerging Markets and Macroeconomic Volatility. http://www.frbsf.org/economics/conferences/0406/Perri.pdf— Dornbusch, R., 1976, "Expectations and Exchange-Rate Dynamics," Journal of Political Economy, Vol. 84, December, pp. 1161--1176.— Dueker, Michael J. and Andreas M. Fischer, 2001, "The Mechanics of a Successful Exchange Rate Peg: Lessons for Emerging Markets" Federal Reserve Bank of St. Louis Review, September, pp.47--56. http://research.stlouisfed.org/publications/review/01/09/0109md.pdf— Fieleke, Norman S., 1996, "What Is the Balance of Payments?" Federal Reserve Bank of Boston Special Report No. 3 http://www.bos.frb.org/economic/special/balofpay.pdf— Frankel, Jeffrey A., 1979, “On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials,” American Economic Review 69, Sep. 1979, 610--22.— Frenkel, Jacob, 1976, “A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical Evidence,” Scandinavian Journal of Economics 78 (1), May, 200--224. (Reprinted in: J. Frenkel and H. G. Johnson (1978).)— Grabbe, J. Orlin, 1996, "The Rise And Fall Of Bretton Woods" http://www.orlingrabbe.com/bretton_woods.htm (online version of his Chapter 1, International Financial Markets, 3rd edition, 1996 Prentice-Hall, Inc., a Simon & Schuster Company, Englewood Cliffs, New Jersey. ISBN 0-13-206988-1)— Higgins, Matthew and Thomas Klitgaard and Cédric Tille, "The Income Implications of Rising U.S. International Liabilities", Current Issues in Economics and Finance Volume 11, Number 12, December 2005. http://www.newyorkfed.org/research/current_issues/ci11-12.pdf— International Monetary Fund, 1996, Balance of Payments Textbook (ISBN 1-55775- 570-1)— Kouparitsas, Michael A., "International Business Cycles Under Fixed and Flexible Exchange Rate Regimes" Federal Reserve Bank of Chicago Working Paper WP2003-28. http://www.chicagofed.org/publications/workingpapers/papers/wp2003-28.pdf— Obstfeld, Maurice, 1994, "The Logic of Currency Crises" Cahiers Economiques et Monetaires. http://elsa.berkeley.edu/users/obstfeld/ftp/currency_crises/cc.pdf— Obstfeld, Maurice and Kenneth Rogoff, 1995, "The Mirage of Fixed Exchange Rates", Journal of Economic Perspectives 9, 73--96.
— Pakko, Michael R. and Patricia S. Pollard, 2003, “Burgernomics: A Big Mac™ Guide to Purchasing Power Parity”, Federal Reserve Bank of St. Louis Review 85 (6) pp. 9--27. http://research.stlouisfed.org/publications/review/03/11/pakko.pdf— Quiggin, John, 2004, "The Unsustainability of U.S. Trade Deficits", The Economists' Voice 1(3), Article 2 http://www.bepress.com/ev/vol1/iss3/art2
Assessment Criteria
Midterm 30% and Final 70%
Semester Course Plan
Week/Subjects
1
National Income Account
2
Balance of Payments
3
Central Bank Balance Sheet
4
International Financial Markets I
5
International Financial Markets II
6
Theoretical Models I
7
Theoretical Models II
8
Theoretical Models III
9
Theoretical Models IV
10
International Financial Crises I
11
International Financial Crises II
12
Assessment of working of international financial institutions
13
Turkey’s international finacial problems and their solutions I
14
Turkey’s international finacial problems and their solutions II
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