Information Package / Course Catalogue
Panel Data Analysis
Course Code: İKT390
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The aim of this course is to enable students to understand the structure of panel data, the main assumptions of panel data models, and the basic stages of applied panel data analysis. Throughout the course, students will gain knowledge and practical skills in constructing and organizing panel datasets, pooled ordinary least squares, fixed effects models, random effects models, model selection tests, basic diagnostic tests, robust standard errors, introduction to dynamic panel data models, and reporting empirical results.

Course Content

Panel Data Analysis focuses on the econometric analysis of datasets that combine cross-sectional and time dimensions. The course covers the preparation of panel datasets, pooled OLS, fixed effects, random effects, model selection, diagnostic tests, robust standard errors, introduction to dynamic panel data models, and empirical reporting processes.

Name of Lecturer(s)
Learning Outcomes
1.Explain the structure of panel data, the advantages of panel data analysis, and its areas of application.
2.Construct, organize, and descriptively analyze a panel dataset
3.Estimate and interpret pooled OLS, fixed effects, and random effects models.
4.Apply model selection and basic diagnostic tests to determine the appropriate panel data model.
5.Interpret and present panel data analysis results in an academic report format.
Recommended or Required Reading
1.Baltagi, B. H. (2021). Econometric Analysis of Panel Data. Springer.
2.Wooldridge, J. M. (2010). Econometric Analysis of Cross Section and Panel Data. MIT Press.
3.Wooldridge, J. M. (2020). Introductory Econometrics: A Modern Approach. Cengage Learning.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to panel data analysis: panel data structure, advantages, and areas of application
Week 2 - Theoretical
Preparing panel datasets: units, time dimension, balanced and unbalanced panels
Week 3 - Theoretical
Panel data organization: data arrangement, descriptive statistics, and graphical inspection
Week 4 - Theoretical
Econometric foundations of panel data models: unobserved heterogeneity and model assumptions
Week 5 - Theoretical
Pooled OLS model and its limitations
Week 6 - Theoretical
Fixed effects model: model logic, estimation, and interpretation
Week 7 - Theoretical
Random effects model: assumptions, estimation, and interpretation
Week 8 - Theoretical
Model selection: F test, LM test, and Hausman test
Week 9 - Theoretical
Diagnostic tests I: heteroskedasticity and autocorrelation problems
Week 10 - Theoretical
Diagnostic tests II: cross-sectional dependence and robust standard errors
Week 11 - Theoretical
Introduction to dynamic panel data models: lagged dependent variable and basic approach
Week 12 - Theoretical
Applied panel data analysis: model estimation, comparison of results, and robustness assessment
Week 13 - Theoretical
Empirical reporting in panel data analysis: table format, interpretation of findings, and limitations
Week 14 - Theoretical
Final application: presentation of the panel data analysis report and general evaluation
Assessment Methods and Criteria
Type of AssessmentCountPercent
Assignment1%10
Quiz1%10
Midterm Examination1%20
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work121236
Quiz1112
Midterm Examination1819
Final Examination19110
TOTAL WORKLOAD (hours)127
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
5
4
5
5
5
3
5
OÇ-2
5
5
5
3
5
5
5
OÇ-3
5
5
5
3
5
5
4
OÇ-4
5
4
5
5
5
5
5
OÇ-5
5
4
5
5
5
5
4
Adnan Menderes University - Information Package / Course Catalogue
2026