| Course Type | Elective Course |
|---|
| Course Level | Master's Degree Without Thesis |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 10 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Understand that financial decisions are influenced by psychological factors.
- Know the differences between classical economics and behavioral finance.
- Explain market anomalies from a behavioral perspective.
- Analyze why investors make irrational decisions.
- Evaluate the efficient market hypothesis and its limitations.
- Develop portfolio management strategies taking behavioral factors into account.
- Enhance financial literacy and make more informed investment decisions.
- Analyze financial data and draw conclusions.
- Make financial decisions using critical thinking skills.
- Keep up with current developments in financial markets.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None. |
|---|
| Course Description | The primary aim of this course is to teach students the importance of psychological factors in financial decision-making processes and the fundamental concepts of behavioral finance, while equipping them with the skills to analyze market anomalies and investor behaviors. The behavioral finance course not only provides a perspective for understanding the irrational side of the financial world, but also contributes to the development of more effective financial strategies for both individual and institutional investors. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to behavioral finance |
|
2nd Week |
The origin and development of behavioral finance |
|
3rd Week |
Investment, efficient market hypothesis, capital asset pricing model (CAPM) and multi-factor models |
|
4th Week |
Decision making, risk aversion |
|
5th Week |
Mean-Variance rule |
|
6th Week |
Utility theory |
|
7th Week |
Prospect theory and risk perception |
|
8th Week |
Midterm exam |
|
9th Week |
Price and value |
|
10th Week |
Cognitive biases |
|
11th Week |
Cognitive biases |
|
12th Week |
Emotional biases |
|
13th Week |
Social biases, seasonal biases |
|
14th Week |
Current behavioral finance research |
|
| Recommended or Required Reading | John R. Nofsinger (2010). Yatırım Psikolojisi: The Psychology of Investing. Nobel Akademik Yayıncılık.
Daniel Kahneman (2017). Hızlı ve Yavaş Düşünme. Varlık Yayınları.
Michael M. Pompian (2011). Behavioral Finance and Wealth Management: How to Build Investment Strategies That Account for Investor Biases, Wiley. |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Questions/Answers
- Presentation
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
20 |
| Total(%) |
|
20 |
| Contribution of In-term Studies to Overall Grade(%) |
|
20 |
| Contribution of Final Examination to Overall Grade(%) |
|
80 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1 |
1 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
14 |
12 |
168 |
| Preparation for Final exam |
1 |
30 |
30 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
20 |
20 |
| Laboratory (including preparation) |
14 |
3 |
42 |
| Final exam |
1 |
2 |
2 |
| Homework |
1 |
1 |
1 |
| Total Work Load | 306 |
| Total Work Load / 30 (h) | 10.2 |
| ECTS Credit of the Course | 10 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
