Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|
| BEHAVIORAL ECONOMICS and FINANCE | BUSD1115063 | Fall Semester | 3+0 | 3 | 9 |
| Prerequisites Courses | |
| Recommended Elective Courses | |
| Language of Course | English |
| Course Level | Third Cycle (Doctorate Degree) |
| Course Type | Elective |
| Course Coordinator | |
| Name of Lecturer(s) | Assoc.Prof. Elif BAYKAL |
| Assistant(s) | |
| Aim | The aim of this course is to reveal psychological and sociological factors that lie behind the decisions made by individuals and to uncover how these factors affect the decision making process of these individuals. |
| Course Content | This course contains; Transaction Utility and Consumer Pricing,Mental Accounting,Status Quo Bias and Default Options,Winner's Curse and Auction Behavior,Framing Decisions,Availability and Representativeness Heuristics,Confirmation Bias and Overconfidence,Decision Making under Risk and Uncertainty,Prospect Theory,Disagreeing with Ourselves: Projection and Hindsight Biases,Selfishness and Altruism,Fairness and Psychological Games,Trust and Reciprocity - I,Trust and Reciprocity - II. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Explains the strategies that indivdiuals use when reaching a decision. | 9 | A |
| 1.1. Explain availability heuristic. | | |
| 1.2. Explain representativeness heuristic. | | |
| 2. Explains psychological and cognitive biases that affect the decisions of individuals. | 9 | A |
| 2.1. Explain mental accounting. | | |
| 2.2. Explain loss aversion. | | |
| 2.3. Explain confirmation bias. | | |
| 3. Explains the problems on the understanding of the individuals regarding past. | 9 | A |
| 3.1. Explain how much individuals can remember past correctly. | | |
| 3.2. Explain what problems individuals encounter regarding remembering past. | | |
| 4. Explains the problems on the understanding of the individuals regarding future. | 9 | A |
| 4.1. Explain how much individuals can forecast future correctly. | | |
| 4.2. Explain what problems individuals encounter regarding predicting future. | | |
| 5. Explains what kinds of thinking types individuals have. | 9 | A |
| 5.1. Explain how the first system works in our brains. | | |
| 5.2. Explain how the second system works in our brains. | | |
| Teaching Methods: | 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|
| 1 | Transaction Utility and Consumer Pricing | Reading the relevant section from the book |
| 2 | Mental Accounting | Reading the relevant section from the book |
| 3 | Status Quo Bias and Default Options | Reading the relevant section from the book |
| 4 | Winner's Curse and Auction Behavior | Reading the relevant section from the book |
| 5 | Framing Decisions | Reading the relevant section from the book |
| 6 | Availability and Representativeness Heuristics | Reading the relevant section from the book |
| 7 | Confirmation Bias and Overconfidence | Reading the relevant section from the book |
| 8 | Decision Making under Risk and Uncertainty | Reading the relevant section from the book |
| 9 | Prospect Theory | Reading the relevant section from the book |
| 10 | Disagreeing with Ourselves: Projection and Hindsight Biases | Reading the relevant section from the book |
| 11 | Selfishness and Altruism | Reading the relevant section from the book |
| 12 | Fairness and Psychological Games | Reading the relevant section from the book |
| 13 | Trust and Reciprocity - I | Reading the relevant section from the book |
| 14 | Trust and Reciprocity - II | Reading the relevant section from the book |
| Resources |
| -David R. Just, Introduction to Behavioral Economics, 2013. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications |
| No | Program Qualification | Contribution Level |
| 1 | 2 | 3 | 4 | 5 |
| 1 |
Defines theoretical knowledge in the field of management. | | | | X | |
| 1 |
Uses at least one computer program required in the field of management. | | X | | | |
| 1 | Adopts the principles of scientific ethics and scientific responsibility. | | X | | | |
| 1 |
Uses theoretical and practical knowledge in the field of management. | | | X | | |
| 2 | Analyzes and uses basic information and data from different disciplines (economy, finance, sociology, law, business) in order to carry out interdisciplinary studies. | | | X | | |
| 2 | Have the research skills required to conduct academic studies. | | X | | | |
| 2 | Explains the mathematical and statistical methods required in the field of management. | X | | | | |
| 3 |
Have time management skills. | X | | | | |
| 3 |
Expands the boundaries of knowledge in the field by producing or interpreting an original work by conducting at least one scientific study in the field. | | | X | | |
Assessment Methods
| Contribution Level | Absolute Evaluation |
| Rate of Midterm Exam to Success | | 50 |
| Rate of Final Exam to Success | | 50 |
| Total | | 100 |
| ECTS / Workload Table |
| Activities | Number of | Duration(Hour) | Total Workload(Hour) |
| Course Hours | 14 | 3 | 42 |
| Guided Problem Solving | 0 | 0 | 0 |
| Resolution of Homework Problems and Submission as a Report | 11 | 10 | 110 |
| Term Project | 0 | 0 | 0 |
| Presentation of Project / Seminar | 0 | 0 | 0 |
| Quiz | 0 | 0 | 0 |
| Midterm Exam | 1 | 50 | 50 |
| General Exam | 1 | 70 | 70 |
| Performance Task, Maintenance Plan | 0 | 0 | 0 |
| Total Workload(Hour) | 272 |
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(272/30) | 9 |
| ECTS of the course: 30 hours of work is counted as 1 ECTS credit. |
Detail Informations of the Course
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|
| BEHAVIORAL ECONOMICS and FINANCE | BUSD1115063 | Fall Semester | 3+0 | 3 | 9 |
| Prerequisites Courses | |
| Recommended Elective Courses | |
| Language of Course | English |
| Course Level | Third Cycle (Doctorate Degree) |
| Course Type | Elective |
| Course Coordinator | |
| Name of Lecturer(s) | Assoc.Prof. Elif BAYKAL |
| Assistant(s) | |
| Aim | The aim of this course is to reveal psychological and sociological factors that lie behind the decisions made by individuals and to uncover how these factors affect the decision making process of these individuals. |
| Course Content | This course contains; Transaction Utility and Consumer Pricing,Mental Accounting,Status Quo Bias and Default Options,Winner's Curse and Auction Behavior,Framing Decisions,Availability and Representativeness Heuristics,Confirmation Bias and Overconfidence,Decision Making under Risk and Uncertainty,Prospect Theory,Disagreeing with Ourselves: Projection and Hindsight Biases,Selfishness and Altruism,Fairness and Psychological Games,Trust and Reciprocity - I,Trust and Reciprocity - II. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Explains the strategies that indivdiuals use when reaching a decision. | 9 | A |
| 1.1. Explain availability heuristic. | | |
| 1.2. Explain representativeness heuristic. | | |
| 2. Explains psychological and cognitive biases that affect the decisions of individuals. | 9 | A |
| 2.1. Explain mental accounting. | | |
| 2.2. Explain loss aversion. | | |
| 2.3. Explain confirmation bias. | | |
| 3. Explains the problems on the understanding of the individuals regarding past. | 9 | A |
| 3.1. Explain how much individuals can remember past correctly. | | |
| 3.2. Explain what problems individuals encounter regarding remembering past. | | |
| 4. Explains the problems on the understanding of the individuals regarding future. | 9 | A |
| 4.1. Explain how much individuals can forecast future correctly. | | |
| 4.2. Explain what problems individuals encounter regarding predicting future. | | |
| 5. Explains what kinds of thinking types individuals have. | 9 | A |
| 5.1. Explain how the first system works in our brains. | | |
| 5.2. Explain how the second system works in our brains. | | |
| Teaching Methods: | 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|
| 1 | Transaction Utility and Consumer Pricing | Reading the relevant section from the book |
| 2 | Mental Accounting | Reading the relevant section from the book |
| 3 | Status Quo Bias and Default Options | Reading the relevant section from the book |
| 4 | Winner's Curse and Auction Behavior | Reading the relevant section from the book |
| 5 | Framing Decisions | Reading the relevant section from the book |
| 6 | Availability and Representativeness Heuristics | Reading the relevant section from the book |
| 7 | Confirmation Bias and Overconfidence | Reading the relevant section from the book |
| 8 | Decision Making under Risk and Uncertainty | Reading the relevant section from the book |
| 9 | Prospect Theory | Reading the relevant section from the book |
| 10 | Disagreeing with Ourselves: Projection and Hindsight Biases | Reading the relevant section from the book |
| 11 | Selfishness and Altruism | Reading the relevant section from the book |
| 12 | Fairness and Psychological Games | Reading the relevant section from the book |
| 13 | Trust and Reciprocity - I | Reading the relevant section from the book |
| 14 | Trust and Reciprocity - II | Reading the relevant section from the book |
| Resources |
| -David R. Just, Introduction to Behavioral Economics, 2013. |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications |
| No | Program Qualification | Contribution Level |
| 1 | 2 | 3 | 4 | 5 |
| 1 |
Defines theoretical knowledge in the field of management. | | | | X | |
| 1 |
Uses at least one computer program required in the field of management. | | X | | | |
| 1 | Adopts the principles of scientific ethics and scientific responsibility. | | X | | | |
| 1 |
Uses theoretical and practical knowledge in the field of management. | | | X | | |
| 2 | Analyzes and uses basic information and data from different disciplines (economy, finance, sociology, law, business) in order to carry out interdisciplinary studies. | | | X | | |
| 2 | Have the research skills required to conduct academic studies. | | X | | | |
| 2 | Explains the mathematical and statistical methods required in the field of management. | X | | | | |
| 3 |
Have time management skills. | X | | | | |
| 3 |
Expands the boundaries of knowledge in the field by producing or interpreting an original work by conducting at least one scientific study in the field. | | | X | | |
Assessment Methods
| Contribution Level | Absolute Evaluation |
| Rate of Midterm Exam to Success | | 50 |
| Rate of Final Exam to Success | | 50 |
| Total | | 100 |
Numerical Data
Ekleme Tarihi: 03/01/2024 - 11:28Son Güncelleme Tarihi: 03/01/2024 - 11:28
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