BAC443 Behavioral Economics

4 ECTS - 3-0 Duration (T+A)- 7. Semester- 3 National Credit

Information

Code BAC443
Name Behavioral Economics
Term 2022-2023 Academic Year
Semester 7. Semester
Duration (T+A) 3-0 (T-A) (17 Week)
ECTS 4 ECTS
National Credit 3 National Credit
Teaching Language Türkçe
Level Lisans Dersi
Type Normal
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Doç. Dr. BAŞAK GÜL AKAR
Course Instructor
1 2
Doç. Dr. BAŞAK GÜL AKAR (A Group) (Ins. in Charge)


Course Goal / Objective

The main objective of the course is the apperceive the economical psychology and behavioral economics which aimes to include psychological motives to economic models as an new and growing area of economics. For this purpose proves and the theories is identified to explain the personal decisions.

Course Content

Explanation related with the course and examinations about fundamental concepts; The subject of behavioral economics and extent of it; The methodology of behavioral economics; Behavioral motives, justice, reciprocity, shame, norms, preferences.; Neuroeconomic.s

Course Precondition

NO

Resources

Thinking, Fast and Slow-Daniel Kahneman-Farrar, Straus and Giroux Nudge: Improving Decisions About Health, Wealth, and Happiness Paperback – Penguin Books- Richard H. Thaler, Cass R. Sunstein

Notes

Dollars and Sense: How We Misthink Money and How to Spend Smarter - Dan Ariely and Jeff Kreisler-Harper Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions - Dan Ariely


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Should have learned the basic principles and assumptions of behavioral economics, a field which is shaped by the advences in psychology and neuroscience
LO02 It considers the effects of cognitive and sensory factors in the decisions taken by economic agents, rationality, prejudices, cognitive shortcuts, etc. discuss the effects of factors on preferences.
LO03 In this way, he evaluates the assumptions and policy propositions of traditional economics from the perspective of behavioral economics, and interprets the results of behavioral economics in policy design.
LO04 Compares the experimental methods that are used in economic and psychological disciplines.
LO05 Analyzes the different dimensions of decision making under uncertainity in the basic level.
LO06 Discusses rationality, one of the principles of economics.
LO07 Interprets the complex behaviors of the individual.
LO08 Analyses the factors in the decision-making process.


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 Bilgi - Kuramsal, Olgusal Explain all the basic functions of the business conceptually.
PLO02 Bilgi - Kuramsal, Olgusal Explain the basic economic concepts and the relationship between basic economic concepts and business management concepts.
PLO03 Bilgi - Kuramsal, Olgusal Define the basic information about the law discipline related to the field of business administration.
PLO04 Beceriler - Bilişsel, Uygulamalı Transfer information about the field of business in the language of learning by using effective verbal, written and visual communication methods.
PLO05 Beceriler - Bilişsel, Uygulamalı Determine the most appropriate approaches, implementations and methods of business management considering sectors, their sizes, resources, cultures, goals and objectives. 3
PLO06 Beceriler - Bilişsel, Uygulamalı Determine appropriate methods to solve business problems.
PLO07 Beceriler - Bilişsel, Uygulamalı Research in the field of business and reports the results of the research for use in managerial decision-making processes.
PLO08 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Effectively work as a team and takes the necessary responsibility within the team. 4
PLO09 Yetkinlikler - Öğrenme Yetkinliği As well as professional development, improve him-/herself continuously in scientific, social, cultural and artistic fields according to his/her interests and abilities, identifying needs of learning. 4
PLO10 Yetkinlikler - Öğrenme Yetkinliği Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning. 4
PLO11 Yetkinlikler - Öğrenme Yetkinliği Use basic numerical and statistical analysis programs of business management.
PLO12 Yetkinlikler - İletişim ve Sosyal Yetkinlik Monitor the external environment factors such as sector structure, competition, technology, economy, politics and culture that affect the activities of businesses and interpret their effects on businesses. 3
PLO13 Yetkinlikler - İletişim ve Sosyal Yetkinlik Use/report/interpret Business Information Systems and sub-modules required by business management.
PLO14 Yetkinlikler - İletişim ve Sosyal Yetkinlik Use Turkish and at least one foreign language in accordance with the requirements in academic and business life. 4
PLO15 Yetkinlikler - Alana Özgü Yetkinlik Become aware of professional ethics, environmental awareness, sustainability, social responsibility, cultural, social and universal values. 4
PLO16 Yetkinlikler - Alana Özgü Yetkinlik Follow latest developments in the field, and sustain personal and professional development with the awareness of the necessity of life long learning 3


Week Plan

Week Topic Preparation Methods
1 Introduction to behavioral economics Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Örnek Olay
2 The basics of behavioral economics and the interaction of psychology and economics,History and evolution of behavioral economics;Methodology and experimental economics Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Alıştırma ve Uygulama, Beyin Fırtınası
3 Values, preferences and choices Rationality and utility: Traditional model and the approach behavioral economics Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Rol Oynama, Grup Çalışması, Örnek Olay
4 Beliefs, heuristics and biases: Standard model and the roots of rirationality Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Örnek Olay
5 Decision making under risk and uncertainty: Standard model and expected utility Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Grup Çalışması, Örnek Olay
6 Decision making under risk and uncertainty: Prospect theory, reference dependence and loss aversion Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Örnek Olay
7 Mental accounting Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Örnek Olay
8 Mid-Term Exam Prepare to exam Ölçme Yöntemleri:
Yazılı Sınav
9 Intertemporal choice:Discounted utility model (DUM)/ Anomalies in the DUM Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Örnek Olay
10 Intertemporal choice:Time inconsistent preferences/ Hperbolic discounting Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma
11 Strategic interaction:Game theory and behavioral game theory Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma
12 Social preferences: Standard model and the nature of social preferences/Factors affecting social preferences/Ineaquality-aversion models/Reciprocity models Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası
13 Behavioral economics and nudge theory Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Rol Oynama, Grup Çalışması, Beyin Fırtınası, Örnek Olay
14 Subjective well-being and happiness Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Rol Oynama, Grup Çalışması, Beyin Fırtınası, Örnek Olay
15 Subjective well-being and happiness (cont.) Reading course book Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Tartışma, Örnek Olay, Bireysel Çalışma
16 Term Exams Prepare to exam Ölçme Yöntemleri:
Yazılı Sınav
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 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 7 7
Final Exam 1 18 18
Total Workload (Hour) 109
Total Workload / 25 (h) 4,36
ECTS 4 ECTS

Update Time: 18.11.2022 03:23