Essence of These Lecture Notes

This set of lecture notes was prepared to guide the students through ECON \(221\) & ECON \(222\) at Ihsan Dogramaci Bilkent University; yet, sticking to these notes alone may not result in the best possible outcomes in the absence of regular class attendance.

A variety of numerical or conceptual exercises are given in these lecture notes. To the extent possible, they appear after the topics they belong to. For more, Newbold, Carlson & Thorne, Statistics for Business & Economics, 8th edition, Pearson; McClave, Benson & Sincich, Statistics for Business & Economics, 13th edition, Pearson; Spiegel & Stephens, Statistics, 4th edition, Schaum’s Outlines; Hill, Griffiths & Lim, Principles of Econometrics, 4th edition, John Wiley & Sons; Gujarati, Basic Econometrics, 4th edition, McGraw-Hill; and Brooks, Introductory Econometrics for Finance, 1st edition, Cambridge University Press may be useful.

Lecture hours are intended to deliver the theoretical knowledge as well as problem-solving skills. So, the subject matter is to be learned in the lectures; recitation hours are for practicing knowledge of probability theory and statistics, often on a computer.

Letter grades are assigned by the end of the semester considering the difficulty level of assessments, the statistical distribution of the class performance, and the particular student’s individual performance in comparison to the first two. Typically, the average-performing student receives a grade around \(C\). There is no compulsory or bonus-bearing attendance for any course activity other than the final exam. Failing to take the final exam returns an \(FX\).

A good way to keep track of things is to utilize the instructor’s office hours. The office hours are intended for regularly studying and lecture-attending students.