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Information
| Code | MV148 |
| Name | Behavioral Economics |
| Term | 2024-2025 Academic Year |
| Semester | 2. Semester |
| Duration (T+A) | 2-0 (T-A) (17 Week) |
| ECTS | 3 ECTS |
| National Credit | 2 National Credit |
| Teaching Language | Türkçe |
| Level | Ön Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Öğr. Gör.Dr. ORHAN CENGİZ |
| Course Instructor |
1 2 |
Course Goal / Objective
The main aim of the course is to explain the importance and role of psychological and sociological factors in economic decision making.
Course Content
Explanations about the course, introduction of the course and evaluations of basic concepts; subject and scope of behavioral economics; The methodology of behavioral economics; as behavioral motives, justice, reciprocity, values, preferences, choices
Course Precondition
None
Resources
Behavioral Economics and Its Applications-Hannu Vartiainen and Peter Diamond; Behavioral Economics Approaches-Sumeyra Duman
Notes
Notes prepared by the course coordinator
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explaining the basic concepts of behavioral economics. |
| LO02 | Knows the emergence process of behavioral economics. |
| LO03 | Explaining the importance of cognitive and sensitive factors in the decisions of economic agents. |
| LO04 | Grasping the structure of economic policies within the framework of behavioral economics. |
| LO05 | Compareing experimental tools of economics and psychology. |
| LO06 | Explain the different dimensions of decision-making situations under uncertainty. |
| LO07 | Explaining the different dimensions of decision-making situations under risk conditions. |
| LO08 | Explain the cause-effect relationship in economics within the framework of psychological factors. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Yetkinlikler - Öğrenme Yetkinliği | Understanding the importance of social justice, environmental protection, occupational health and safety issues. | 1 |
| PLO02 | Yetkinlikler - Alana Özgü Yetkinlik | Analyzes economic transactions. | 4 |
| PLO03 | Yetkinlikler - Öğrenme Yetkinliği | Having the ability to monitor the accounting practices and related legal regulations of businesses in different sectors (trade, bank, tax, insurance, etc.). | 2 |
| PLO04 | Yetkinlikler - Öğrenme Yetkinliği | Evaluating the knowledge and skills acquired in the field. | 3 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Performing basic accounting operations through a package program. | |
| PLO06 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Willing to work together. | 3 |
| PLO07 | Yetkinlikler - Alana Özgü Yetkinlik | Analyzing the organizational structures of businesses. | 3 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Observing professional ethical values. | 2 |
| PLO09 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Having basic professional foreign language knowledge related to the field. | |
| PLO10 | Yetkinlikler - Öğrenme Yetkinliği | Calculating the necessary numerical operations related to accounting. | |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Managing accounting-related processes. | |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Understanding the importance of self-renewal consciousness according to changing conditions. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Fundamentals of behavioral economics and economics - psychology interaction,Historical development of behavioral economics | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Tartışma |
| 2 | The methodology of behavioral economics and experimental economics | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Values, Preferences and Choices: Rationality and utility/ Traditional model and behavioral economics approach | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Tartışma, Beyin Fırtınası |
| 4 | The traditional model and sources of irrationality | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Tartışma |
| 5 | Decision making under risk and uncertainty | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Prospect theory and loss aversion | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 7 | Time Preferences | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Tartışma |
| 8 | Mid-Term Exam | Exam Preparation | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Inter-period preferences I | Reading material related to the topic | Öğretim Yöntemleri: Anlatım |
| 10 | Inter-period preferences II | Reading material related to the topic | Öğretim Yöntemleri: Anlatım |
| 11 | Behavioral Game Theory | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Tartışma, Beyin Fırtınası |
| 12 | Factors affecting social preferences | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Tartışma |
| 13 | Behavioral economics and risk | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Tartışma |
| 14 | Behavioral economics and ethics | Reading material related to the topic | Öğretim Yöntemleri: Anlatım, Tartışma |
| 15 | The future of behavioral economics | Reading material related to the topic | Öğretim Yöntemleri: Tartışma |
| 16 | Term Exams | Exam Preparation | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Exam Preparation | 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 | 2 | 28 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 6 | 6 |
| Final Exam | 1 | 16 | 16 |
| Total Workload (Hour) | 78 | ||
| Total Workload / 25 (h) | 3,12 | ||
| ECTS | 3 ECTS | ||