| Course Type | Elective Course |
|---|
| Course Level | Doctorate Of Science |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 10 |
|---|
| Name of Lecturer(s) |
- |
| Learning Outcomes |
At the end of this course, the students;
- Comprehend the basic assumptions and methods of behavioral economics shaped by the developments in psychology and neuroscience.
- Take the effects of cognitive and sensory factors in decisions taken by individuals, rationality, prejudices, cognitive shortcuts, etc. into account to consider the effect of factors on preferences in analysis.
- Can design a behavioral economics research.
- Can discuss about current studies related to behavioral economics.
- Can discuss the differences between classical economics and behavioral economics.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | This course aims to examine the decision-making processes which are studied under both economy and psychology. In this regard, both fundamental topics in behavioral economics such as expectancy theory, cognitive heuristics and mistakes, risk perception; and various game theories which are regularly used in behavioral economics measurements will be taught in the course. The course will involve the readings from contemporary research in this area of study. Also, students are expected to design a behavioral economy study at the end of the course. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to Behavioral Economics |
|
2nd Week |
Historical Development, Methodology and Experimental Methods of Behavioral Economics |
|
3rd Week |
Rationality and Utility Maximization |
|
4th Week |
Loss Aversion and Ownership Effect; Mental Accounting |
|
5th Week |
Shortcuts and Biases |
|
6th Week |
Systematic Deviations from Rationality |
|
7th Week |
Prospect Theory |
|
8th Week |
Game Theory |
|
9th Week |
Mind: System 1 and System 2 |
|
10th Week |
Attitudes and Mood: Priming |
|
11th Week |
Attitudes and Mood: Mood and Personality; Social Norms |
|
12th Week |
Behavioral Public Policies; Nudge Theory and Choice Architecture |
|
13th Week |
Behavioral Economics, Happiness and Subjective Well-being |
|
14th Week |
The Future of Behavioral Economics |
|
15th Week |
General Evaluation |
|
| Recommended or Required Reading | Wilkinson, N. & Klaes, M. (2012). An introduction to behavioral economics. MacMillan
* Materials used in this course are updated annually |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Questions/Answers
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Project |
1 |
60 |
| Total(%) |
|
60 |
| Contribution of In-term Studies to Overall Grade(%) |
|
60 |
| Contribution of Final Examination to Overall Grade(%) |
|
40 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
|
|
|
| Preparation for Quiz |
|
|
|
| Individual or group work |
14 |
5 |
70 |
| Preparation for Final exam |
1 |
24 |
24 |
| Course hours |
15 |
3 |
45 |
| Preparation for Midterm exam |
|
|
|
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
3 |
3 |
| Homework |
1 |
160 |
160 |
| Total Work Load | 302 |
| Total Work Load / 30 (h) | 10.06 |
| ECTS Credit of the Course | 10 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
