Course Detail
Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|
BEHAVIOURAL ECONOMICS and FINANCE | BAN4111012 | Fall Semester | 3+0 | 3 | 5 |
Prerequisites Courses | |
Recommended Elective Courses | |
Language of Course | Turkish |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Elective |
Course Coordinator | Assist.Prof. Ayşe Saime DÖNER |
Name of Lecturer(s) | Assist.Prof. Ayşe Saime DÖNER |
Assistant(s) | |
Aim | 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,Bracketing Decisions,Availability Heuristics,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. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1. Will be able to explain the strategies that indivdiuals use when reaching a decision. | 10, 16, 9 | A |
1.1. Explain availability heuristic. | | |
1.2. Explain representativeness heuristic. | | |
2. Will be able to explain psychological and cognitive biases that affect the decisions of individuals. | 10, 16, 9 | A |
2.1. Explain mental accounting
| | |
2.2. Explain loss aversion | | |
2.3. Explain confirmation bias. | | |
3. Will be able to explain the problems on the understanding of the individuals regarding past. | 10, 16, 9 | A |
3.1. Explain how much individuals can remember past correctly. | | |
3.2. Explain how much individuals encounter problems regarding remembering past. | | |
4. Will be able to explain the problems on the understanding of the individuals regarding future. | 10, 16, 9 | A |
4.1. Explain how much individuals can forecast future correctly. | | |
4.2. Explain how much individuals encounter problems regarding predicting future. | | |
5. Explain what kinds of thinking types individuals have. | 10, 16, 9 | A |
5.1. Explains how the first system works in our brains.
| | |
5.2. Explain how the second system works in our brains. | | |
Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam |
Course Outline
Order | Subjects | Preliminary Work |
---|
1 | Transaction Utility and Consumer Pricing | Reading relevant resources |
2 | Mental Accounting | Reading relevant sources |
3 | Status Quo Bias and Default Options | Reading relevant sources |
4 | Winner's Curse and Auction Behavior | Reading relevant sources |
5 | Bracketing Decisions | Reading relevant sources |
6 | Availability Heuristics | Reading relevant sources |
7 | Representativeness Heuristics | Reading relevant sources |
8 | Confirmation Bias and Overconfidence | Reading relevant sources |
9 | Decision Making under Risk and Uncertainty | Reading relevant sources |
10 | Prospect Theory | Reading relevant sources |
11 | Disagreeing with Ourselves: Projection and Hindsight Biases | Reading relevant sources |
12 | Selfishness and Altruism | Reading relevant sources |
13 | Fairness and Psychological Games
| Reading relevant sources |
14 | Trust and Reciprocity | Reading relevant sources |
Resources |
David R. Just, 2014, Introduction to Behavioral Economics, Wiley
Dilek Alma Savaş, Coşkun Çılbant, Davranışsal İktisat, Gazi Kitabevi, 2021.
|
[1] Just, D.R. 2013. Introduction to Behavioral Economics
[2] Thaler, 2015, Misbehaving: The Making of Behavioral Economics
[3] Bernheim, B. Douglas, Stefano DellaVigna, and David Laibson. 2018. “Handbook of BehavioralEconomics.” Elsevier
[4] Kahneman, D. 2011, Thinking, Fast and Slow, Farrar, Straus and Giroux
[5] Thaler, Richard, and Cass Sunstein. 2021. Nudge: The Final Edition. |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications |
No | Program Qualification | Contribution Level |
1 | 2 | 3 | 4 | 5 |
1 | Defines the basic concepts of banking and insurance. | | | | | |
2 | Describes the mathematical and statistical methods of banking and insurance | | | | | |
3 | Uses the computer programs needed in banking and insurance | | | | | |
4 | Uses the professional foreign language proficiency required in banking and insurance | | | | | |
5 | Prepares the project and manage the teamworks | | | X | | |
6 | Uses the theoretical and practical knowledge of the banking and insurance. | | | | | |
7 | Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning | | | | | X |
8 | Uses verbal and written communication skills using the latest technologies and at least one foreign language | | | | | |
9 | Accepts ethical values and social rights and applies them | | X | | | |
10 | Analyzes and discusses using the data of banking and insurance | | | | X | |
11 | Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.) | | | | X | |
12 | Offers micro and macro suggestions on the problems in the banking and insurance sector | | | X | | |
Assessment Methods
Contribution Level | Absolute Evaluation |
Rate of Midterm Exam to Success | | 40 |
Rate of Final Exam to Success | | 60 |
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 | 1 | 20 | 20 |
Term Project | 9 | 5 | 45 |
Presentation of Project / Seminar | 0 | 0 | 0 |
Quiz | 0 | 0 | 0 |
Midterm Exam | 1 | 20 | 20 |
General Exam | 1 | 25 | 25 |
Performance Task, Maintenance Plan | 0 | 0 | 0 |
Total Workload(Hour) | 152 |
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(152/30) | 5 |
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 |
---|
BEHAVIOURAL ECONOMICS and FINANCE | BAN4111012 | Fall Semester | 3+0 | 3 | 5 |
Prerequisites Courses | |
Recommended Elective Courses | |
Language of Course | Turkish |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Elective |
Course Coordinator | Assist.Prof. Ayşe Saime DÖNER |
Name of Lecturer(s) | Assist.Prof. Ayşe Saime DÖNER |
Assistant(s) | |
Aim | 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,Bracketing Decisions,Availability Heuristics,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. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1. Will be able to explain the strategies that indivdiuals use when reaching a decision. | 10, 16, 9 | A |
1.1. Explain availability heuristic. | | |
1.2. Explain representativeness heuristic. | | |
2. Will be able to explain psychological and cognitive biases that affect the decisions of individuals. | 10, 16, 9 | A |
2.1. Explain mental accounting
| | |
2.2. Explain loss aversion | | |
2.3. Explain confirmation bias. | | |
3. Will be able to explain the problems on the understanding of the individuals regarding past. | 10, 16, 9 | A |
3.1. Explain how much individuals can remember past correctly. | | |
3.2. Explain how much individuals encounter problems regarding remembering past. | | |
4. Will be able to explain the problems on the understanding of the individuals regarding future. | 10, 16, 9 | A |
4.1. Explain how much individuals can forecast future correctly. | | |
4.2. Explain how much individuals encounter problems regarding predicting future. | | |
5. Explain what kinds of thinking types individuals have. | 10, 16, 9 | A |
5.1. Explains how the first system works in our brains.
| | |
5.2. Explain how the second system works in our brains. | | |
Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam |
Course Outline
Order | Subjects | Preliminary Work |
---|
1 | Transaction Utility and Consumer Pricing | Reading relevant resources |
2 | Mental Accounting | Reading relevant sources |
3 | Status Quo Bias and Default Options | Reading relevant sources |
4 | Winner's Curse and Auction Behavior | Reading relevant sources |
5 | Bracketing Decisions | Reading relevant sources |
6 | Availability Heuristics | Reading relevant sources |
7 | Representativeness Heuristics | Reading relevant sources |
8 | Confirmation Bias and Overconfidence | Reading relevant sources |
9 | Decision Making under Risk and Uncertainty | Reading relevant sources |
10 | Prospect Theory | Reading relevant sources |
11 | Disagreeing with Ourselves: Projection and Hindsight Biases | Reading relevant sources |
12 | Selfishness and Altruism | Reading relevant sources |
13 | Fairness and Psychological Games
| Reading relevant sources |
14 | Trust and Reciprocity | Reading relevant sources |
Resources |
David R. Just, 2014, Introduction to Behavioral Economics, Wiley
Dilek Alma Savaş, Coşkun Çılbant, Davranışsal İktisat, Gazi Kitabevi, 2021.
|
[1] Just, D.R. 2013. Introduction to Behavioral Economics
[2] Thaler, 2015, Misbehaving: The Making of Behavioral Economics
[3] Bernheim, B. Douglas, Stefano DellaVigna, and David Laibson. 2018. “Handbook of BehavioralEconomics.” Elsevier
[4] Kahneman, D. 2011, Thinking, Fast and Slow, Farrar, Straus and Giroux
[5] Thaler, Richard, and Cass Sunstein. 2021. Nudge: The Final Edition. |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications |
No | Program Qualification | Contribution Level |
1 | 2 | 3 | 4 | 5 |
1 | Defines the basic concepts of banking and insurance. | | | | | |
2 | Describes the mathematical and statistical methods of banking and insurance | | | | | |
3 | Uses the computer programs needed in banking and insurance | | | | | |
4 | Uses the professional foreign language proficiency required in banking and insurance | | | | | |
5 | Prepares the project and manage the teamworks | | | X | | |
6 | Uses the theoretical and practical knowledge of the banking and insurance. | | | | | |
7 | Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning | | | | | X |
8 | Uses verbal and written communication skills using the latest technologies and at least one foreign language | | | | | |
9 | Accepts ethical values and social rights and applies them | | X | | | |
10 | Analyzes and discusses using the data of banking and insurance | | | | X | |
11 | Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.) | | | | X | |
12 | Offers micro and macro suggestions on the problems in the banking and insurance sector | | | X | | |
Assessment Methods
Contribution Level | Absolute Evaluation |
Rate of Midterm Exam to Success | | 40 |
Rate of Final Exam to Success | | 60 |
Total | | 100 |
Numerical Data
Ekleme Tarihi: 09/10/2023 - 08:31Son Güncelleme Tarihi: 09/10/2023 - 08:38
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