| Economics (English) | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code: | ECO004 | ||||
| Course Name: | Behavioral Economics | ||||
| Semester: | Spring | ||||
| Course Credits: |
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| Language of instruction: | English | ||||
| Course Condition: | |||||
| Does the Course Require Work Experience?: | No | ||||
| Type of course: | Departmental Elective | ||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||
| Course Coordinator: | Doç. Dr. ÇİĞDEM GÜRSOY | ||||
| Course Lecturer(s): | |||||
| Course Assistants: |
| Course Objectives: | The aim of the course is to reveal that individuals make erroneous decisions due to prejudices while making economic decisions. |
| Course Content: | Information about how predictions of economic behavior differ when several assumptions that simplify economic models are replaced with psychologically realistic assumptions based on empirical observations from the lab and from the world. |
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The students who have succeeded in this course;
1) It can trace the behavioral approach in the markets. 2) Can predict behavioral errors in markets. 3) Can review market disturbances and their consequences. 4) Suggest different behavioral approaches to the solution of financial problems. |
| Week | Subject | Related Preparation |
| 1) | Traditional economic theories. | |
| 2) | Efficient Market Hypothesis | |
| 3) | Errors in economic decision making. | |
| 4) | Prospect theory | |
| 5) | Behavioral errors in financial markets I | |
| 6) | Behavioral errors in financial markets II | |
| 7) | Midterm | |
| 8) | Market anomalies | |
| 9) | Market anomalies II | |
| 10) | Arbitrage definitions and opportunities. | |
| 11) | The accumulated consequences of common behavioral mistakes in the markets I | |
| 12) | The accumulated consequences of common behavioral mistakes in the markets II | |
| 13) | Presentation | |
| 14) | Presentation | |
| 15) | Final exam |
| Course Notes / Textbooks: | Beklenen fayda ve deneyimlenen Fayda: Gelir Artışı Üzerine Bir Araştırma. , Hatime Kamilçelebi, Ekin Yayınevi, 2018. |
| References: | Çeşitli makaleler ve raporlar |
| Course Learning Outcomes | 1 |
2 |
3 |
4 |
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| Program Outcomes | |||||||||||||
| 1) They have a broad and interdisciplinary perspective on economics using other social sciences and mathematics. | 3 | 3 | 3 | 3 | |||||||||
| 2) They have knowledge and skill about different functions and interactions of economy. | 3 | 3 | 3 | 3 | |||||||||
| 3) They use different theoretical approaches to comprehend and solve various economic problems. | 3 | 3 | 3 | 3 | |||||||||
| 4) They are aware of the needs of society and use their knowledge of economics to meet these needs. | 1 | 1 | 1 | 1 | |||||||||
| 5) They have in-depth knowledge on the current issues of the Turkish economy and the global economy. | 1 | 1 | 1 | 1 | |||||||||
| 6) They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy. | 1 | 1 | 1 | 1 | |||||||||
| 7) Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively. | 3 | 3 | 3 | 3 | |||||||||
| 8) They use a foreign language at least at the B1 General Level in terms of European Language Portfolio criteria according to the level of education. | 2 | 2 | 2 | 2 | |||||||||
| 9) They improve their skills of teamwork, negotiation, leadership and entrepreneurship. | 1 | 1 | 1 | ||||||||||
| 10) They have universal ethical values, social responsibility awareness and adequate knowledge of business law. | 1 | 1 | 1 | 1 | |||||||||
| 11) Being able to develop positive attitudes with regards to lifelong learning, they identify their individual learning needs and carry out studies to fulfil them. | 3 | 3 | 3 | 3 | |||||||||
| 12) They express their ideas and solution proposals concerning their field both written and orally, and present and publish them on both national and international platforms. | 3 | 3 | 3 | 3 | |||||||||
| 13) They use information and communication technologies together with a computer software required by the field at least at advanced level of European Computer Driving License . | 2 | 2 | 2 | 2 | |||||||||
| No Effect | 1 Lowest | 2 Average | 3 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | They have a broad and interdisciplinary perspective on economics using other social sciences and mathematics. | 2 |
| 2) | They have knowledge and skill about different functions and interactions of economy. | 3 |
| 3) | They use different theoretical approaches to comprehend and solve various economic problems. | 3 |
| 4) | They are aware of the needs of society and use their knowledge of economics to meet these needs. | 1 |
| 5) | They have in-depth knowledge on the current issues of the Turkish economy and the global economy. | 1 |
| 6) | They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy. | 1 |
| 7) | Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively. | 3 |
| 8) | They use a foreign language at least at the B1 General Level in terms of European Language Portfolio criteria according to the level of education. | 2 |
| 9) | They improve their skills of teamwork, negotiation, leadership and entrepreneurship. | 1 |
| 10) | They have universal ethical values, social responsibility awareness and adequate knowledge of business law. | 1 |
| 11) | Being able to develop positive attitudes with regards to lifelong learning, they identify their individual learning needs and carry out studies to fulfil them. | 3 |
| 12) | They express their ideas and solution proposals concerning their field both written and orally, and present and publish them on both national and international platforms. | 2 |
| 13) | They use information and communication technologies together with a computer software required by the field at least at advanced level of European Computer Driving License . | 2 |
| Semester Requirements | Number of Activities | Level of Contribution |
| Quizzes | 2 | % 10 |
| Presentation | 1 | % 15 |
| Midterms | 1 | % 25 |
| Final | 1 | % 50 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 50 | |
| PERCENTAGE OF FINAL WORK | % 50 | |
| total | % 100 | |
| Activities | Number of Activities | Preparation for the Activity | Spent for the Activity Itself | Completing the Activity Requirements | Workload | ||
| Course Hours | 15 | 1 | 3 | 60 | |||
| Presentations / Seminar | 1 | 5 | 5 | ||||
| Quizzes | 2 | 10 | 20 | ||||
| Midterms | 1 | 10 | 10 | ||||
| Final | 1 | 20 | 20 | ||||
| Total Workload | 115 | ||||||