MG1813 Behavioral Finance

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

Information

Code MG1813
Name Behavioral Finance
Term 2024-2025 Academic Year
Semester . Semester
Duration (T+A) 4-0 (T-A) (17 Week)
ECTS 10 ECTS
National Credit 4 National Credit
Teaching Language Türkçe
Level Doktora Dersi
Type Normal
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. SERKAN YILMAZ KANDIR


Course Goal / Objective

The purpose of this course is to study the basics of behavioral finance and asset pricing models and their applications on investments in financial markets

Course Content

In this course the basic concepts and theories of behavioral finance with the efficient market hypothesis, and market anomalies will be investigated.

Course Precondition

None

Resources

1.Shefrin, Hersh (2000), Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing (First Edition), USA: Harvard Business School Press. 2.Shleifer, Andrei (2000), Inefficient Markets An Introduction to Behavioral Finance (First Edition), Great Britain: Oxford University Press. 3.Shefrin, Hersh(2005), A Behavioral Approach to Asset Pricing, Elsevier Academic Press 4.Döm, Serpil (2003), Yatırımcı Psikolojisi, Değişim Yayınları. İstanbul 5. Karan, Mehmet Baha(2004), Yatırım Analizi ve Portföy Yönetimi, Gazi Kitabevi, Ankara 6. Canbaş, Serpil ve Doğukanlı Hatice(2007), Finansal Pazarlar, Finansal Kurumlar ve Sermaye Piyasası Analizleri, Karahan Kitabevi, Adana 7.Goldberg, Von Nitzsch(2001), Behavioral Finance, John Wiley and Sons.

Notes

1.Baker, Malcolm ve Jeffrey Wurgler (2006), “Investor sentiment and the cross-section of stock returns”, Journal of Finance, c.61. S.4. ss.1645-1680. 2. Bernard, Victor L. ve Jacob K. Thomas (1989), “Post-earnings-announcement drift: Delayed price response or risk premium?”, Journal of Accounting Research, c.27, ss.1-36.


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Distinguishes the financial markets and the efficient Markets Hypothesis
LO02 Explains the expectations theory
LO03 Identifies herding in financial markets
LO04 Recognizes theory of underreaction, momentum trading, and overreaction in asset markets
LO05 Recognizes noise trading and invester sentiment


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 Bilgi - Kuramsal, Olgusal Explains the basic theoretical models for finance function 5
PLO02 Bilgi - Kuramsal, Olgusal Lists and identifies the theories that will contribute to the development of scientific methods and tools used in finance 5
PLO03 Bilgi - Kuramsal, Olgusal Investigates how to model theorems in finance field and how to associate these models with the the quantitive decision making techniques
PLO04 Bilgi - Kuramsal, Olgusal Explains how to interpret the findings as a result of the application of statistical and theoretical models used in financial management methods.
PLO05 Bilgi - Kuramsal, Olgusal Creates sufficient knowledge to find a solution to the problems that might arise
PLO06 Bilgi - Kuramsal, Olgusal Contributes to the applied business management by following the basic steps of the methods used in finance 5
PLO07 Bilgi - Kuramsal, Olgusal Achieves optimal results using techniques that help to increase the financial efficiency 4
PLO08 Bilgi - Kuramsal, Olgusal Encourages taking responsibility, claiming the lead and working effectively in a team and / or individually.
PLO09 Beceriler - Bilişsel, Uygulamalı Keeps track of the latest developments in the field as a recognition of the need for lifelong learning and constant renewal
PLO10 Beceriler - Bilişsel, Uygulamalı Utilizes scientific sources in the field, collect the data, synthesizes the obtained information and presents the outcomes effectively
PLO11 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Has a good command of Turkish, as well as at least one another foreign language in accordance with the requirements of academic and work life
PLO12 Yetkinlikler - Öğrenme Yetkinliği Implements new research methods that will contribute to the development of the finance field
PLO13 Yetkinlikler - Öğrenme Yetkinliği Develops new guidelines for the financial managers’ decision making processes by researching on sub-disciplines of the finance field. 5
PLO14 Yetkinlikler - Öğrenme Yetkinliği Designs appropriate financial approaches, applications and methodologies in accordance with the business sector and the market in which they operate 4


Week Plan

Week Topic Preparation Methods
1 Efficient markets hypothesis and Definitions Reading the first chapter of Inefficient Markets An Introduction to Behavioral Finance Öğretim Yöntemleri:
Anlatım, Tartışma
2 Predictability of Security Prices Reading the 6th chapter of A Behavioral Approach to Asset Pricing Öğretim Yöntemleri:
Anlatım, Tartışma, Alıştırma ve Uygulama
3 Expectations Theory Reading the 7th chapter of A Behavioral Approach to Asset Pricing Öğretim Yöntemleri:
Anlatım, Soru-Cevap
4 Expectations Theory-2 Reading the 1st chapter of A Behavioral Approach to Asset Pricing Öğretim Yöntemleri:
Anlatım, Soru-Cevap
5 Mental Accounting Reading the 3rd chapter of Inefficient Markets An Introduction to Behavioral Finance Öğretim Yöntemleri:
Anlatım, Beyin Fırtınası
6 Herding Reading the 3rd chapter of Inefficient Markets An Introduction to Behavioral Finance Öğretim Yöntemleri:
Anlatım, Beyin Fırtınası
7 Herding-2 Reading the 5th chapter of A Behavioral Approach to Asset Pricing Öğretim Yöntemleri:
Soru-Cevap, Beyin Fırtınası
8 Mid-Term Exam Ölçme Yöntemleri:
Yazılı Sınav
9 Noise Traders and Investor Sentiment Reading the 2nd chapter of Inefficient Markets An Introduction to Behavioral Finance Öğretim Yöntemleri:
Soru-Cevap, Beyin Fırtınası
10 Noise Traders and Investor Sentiment-2 Reading the 2nd chapter of Inefficient Markets An Introduction to Behavioral Finance Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Beyin Fırtınası
11 Over and Under Reaction Reading the 5th chapter of Inefficient Markets An Introduction to Behavioral Finance Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Beyin Fırtınası
12 Over and Under Reaction-2 Reading the 5th chapter of Inefficient Markets An Introduction to Behavioral Finance Öğretim Yöntemleri:
Anlatım, Tartışma
13 Momentum Trading Strategies Reading the 7th chapter of A Behavioral Approach to Asset Pricing Öğretim Yöntemleri:
Anlatım, Tartışma
14 Reversal Trading Strategies Reading the 7th chapter of A Behavioral Approach to Asset Pricing Öğretim Yöntemleri:
Anlatım, Beyin Fırtınası
15 Current events on behavioral Finance Current Articles on topic Öğretim Yöntemleri:
Anlatım, Beyin Fırtınası
16 Term Exams Ölçme Yöntemleri:
Yazılı Sınav
17 Term Exams Ölçme Yöntemleri:
Yazılı Sınav


Student Workload - ECTS

Works Number Time (Hour) Workload (Hour)
Course Related Works
Class Time (Exam weeks are excluded) 14 4 56
Out of Class Study (Preliminary Work, Practice) 14 12 168
Assesment Related Works
Homeworks, Projects, Others 1 2 2
Mid-term Exams (Written, Oral, etc.) 1 12 12
Final Exam 1 24 24
Total Workload (Hour) 262
Total Workload / 25 (h) 10,48
ECTS 10 ECTS

Update Time: 07.05.2024 04:50