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Information
| Code | PSI461 |
| Name | Behavioural Economics |
| Term | 2024-2025 Academic Year |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. ERHAN İŞCAN |
| Course Instructor |
Doç. Dr. ERHAN İŞCAN
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The aim of this course is to go beyond the rational decision-making assumptions of traditional economic models and explore how individuals actually make economic decisions by integrating insights from psychology and economics. The course focuses on understanding how psychological biases, cognitive limitations, irrational behaviors, and social influences affect economic decision-making processes.
Course Content
Davranışsal ekonomi, Rasyonalite ve Bilişsel Önyargılar, Beklenti Teorisi ve Karar Verme Süreçleri, Zihinsel Muhasebe ve Para Algısı, Aşırı Güven, Çerçeveleme Etkisi ve Temsiliyet Sezgisi, Sosyal Tercihler ve Adalet Algısı, Seçim Mimarisi, Bilişsel Yük ve Karar Verme Kapasitesi, Risk ve Belirsizlik Altında Karar Verme, Alışkanlıklar, Dürtüsellik ve Öz-Kontrol Problemleri, Davranışsal Kamu Politikaları, Davranışsal Ekonominin Geleceği
Course Precondition
There are no prerequisites.
Resources
Daniel Kahneman, Thinking, Fast and Slow, Macmillan USA, 2013
Notes
Behavioral Economics, Hatime Kamilçelebi, 2019 IJOPEC Publication No: 2019/20
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explains behavioral and experimental economics. |
| LO02 | Explains the psychological roots of decision making with examples from daily life. |
| LO03 | Explains the methodology of experimental applications in economics. |
| LO04 | Explains the basics of the heterodox approach by criticizing the traditional approach. |
| LO05 | Evaluates behavioral approaches since the Keynesian approach. |
| LO06 | Explains the intersection of psychology and economics. |
| LO07 | Explains behavioral approaches. |
| LO08 | Explains the psychological roots of decision making. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains the approaches and concepts related to the theoretical and application areas of psychology. | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Comprehends other basic sciences (eg, sociology, biology, philosophy) related to psychology, and establishes a multidisciplinary perspective. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains the development of psychology from the historical perspective | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Applies the knowledge of psychology for the application areas | |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Applies the methods and techniques of psychology by developing scientific understanding, critical thinking, creative thinking, and problem-solving skills. | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Studies human cognitive, emotional and behavioral processes with scientific methods. | 4 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Conducts basic and applied psychology research | |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Applies the methods and techniques of psychology in an interdisciplinary team. | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Uses knowledge of psychology to serve society and humanity on the basis of universal and national needs | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Demonstrates a sense of responsibility as an individual and team member in solving problems related to the area. | |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Demonstrates life-long learning and research awareness. | 4 |
| PLO12 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Effectively shows his knowledge and skills among experts and non-specialists. | |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use information and communication technologies effectively. | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Shows awareness of events and developments on the agenda of the society and the world. | 4 |
| PLO15 | Yetkinlikler - Alana Özgü Yetkinlik | Demonstrates a sense of professional responsibility expressed in the Code of Ethics of The Turkish Psychological Association. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction: Psychology and Economics | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Rational Decision Making | Reading related literature | Öğretim Yöntemleri: Soru-Cevap, Tartışma |
| 3 | Behavioral Anomalies | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Bounded Rationality | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Bounded Rationality and Its Impact on Policies | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Uncertainty and Human Behavior | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 7 | Happiness Economics | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-Term Exam | studying for exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Behavioral Game Theory | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 10 | Experimental Economics | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Environment and Experimental Economics | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Introduction to Neuroeconomics | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Behavioral Economics and Policy Development | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 14 | Behavioral Economics and Policy Development-2 | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | Behavioral Economics and Policy Development-3 | Reading related literature | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 16 | Term Exams | studying for exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | studying for exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||