TÜRKÇE
ENGLISH
Information
| Code | IKS308 |
| Name | Behavioural Economics |
| Semester | 6. Semester |
| Duration (T+A) | 2-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 2 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi MUSTAFA ILDIRAR |
Course Goal
The main aim of the course is to provide a comprehension of behavioral economics and economic psychology as a new and rapidly growing field of economics that embodies psychological motives into economic models. For this purpose, behavioral and experimental iktisattan theories and theories are examined in explaining individual decisions and introduced the method of experimental economics.
Course Content
This course provides an overview of behavioral economics. Behavioral economics incorporates assumptions about cognitive ability, social interaction, moral motivation, and emotional responses into economic modeling and explores its economic implications on human behavior. These assumptions are often provided by empirical findings in psychology, sociology, and related disciplines, as well as experimental economics. Behavioral economics aims to propose policies that improve welfare within this framework.
Course Precondition
There are no prerequisites.
Resources
Animal Spirits: How Human Psychology Drives the Economy- Robert J. Shiller, George A. Akerlof Scala Yayıncılık
Notes
Davranışsal İktisat, Hatime Kamilçelebi, IJOPEC
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | It enables students to develop an understanding of behavioral and experimental economics |
| LO02 | Comprehends the psychological roots of decision-making with daily examples |
| LO03 | Learns the methodology of experimental applications in economics |
| LO04 | Questions the traditional approach. |
| LO05 | Indicates the relationship between behavioral approach and other fields of science. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy science and the well-running conditions of the market economy | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy. | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce numerical and policy options when confronted with problems. | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation. | |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Use the theory of economics in the analysis of economic events. | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Use computer programs, do synthesis and present prepared data efficiently. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Apply the methods of economic analysis. | 5 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 5 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Take responsibility individually and / or in a team, take leadership and work effectively. | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. | |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Question traditional approaches, practices and methods. | 5 |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Behavioral domain of economics | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | Deviations from standard economic theory: Rationality and beyond | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 3 | Behavioral motifs are otherness, justice, reciprocity and shame | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 4 | Internal and external motivation in determining behavior | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 5 | Inconsistent preferences | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 6 | Reference dependency and tendency to avoid losses | reading | Öğretim Yöntemleri: Anlatım |
| 7 | Limited rationality | reading | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Social identities and their reflection on economic behavior | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 10 | Decision making under uncertainty | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 11 | Behavioral game theory | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 12 | Social preferences and collective participation: Public goods experiments | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 13 | Experimental method in economics: experimental design | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 14 | Experimental method in economics: Analysis of experimental data | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 15 | An application to the classroom experiment | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 16 | Term Exams | prepare to exam | Öğretim Yöntemleri: Soru-Cevap |
| 17 | Term Exams | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 2 | 28 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 4 | 56 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 10 | 10 |
| Final Exam | 1 | 20 | 20 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||