The aim of this course is to convey the basic concepts of behavioral economics and demonstrate the importance of behavioral theory in economic decision making through different approaches.
Prerequisite(s)
None
Corequisite(s)
None
Special Requisite(s)
None
Instructor(s)
Assist. Prof. Dr. Derya Bilgin
Course Assistant(s)
Schedule
Monday 15:00 - 17:00 -BK- B-301
Office Hour(s)
WEDNESDAY 12:00-13:00 BK B609
Teaching Methods and Techniques
Oral Presentation, Discussion, Example
Principle Sources
İktisatta Davranışsal Yaklaşımlar Editörler: Devrim Dumludağ, Özge Gökdemir, Levent Neyse ve Ester Ruben, İmge Kitabevi, 2015 Ankara
Thaler, R., Sunstein, C. (2016) Dürtme, Pegasus Yayınları
Other Sources
Kahneman, D.(2011) Hızlı ve Yavaş Düşünme, Varlık Yayınları
Course Schedules
Week
Contents
Learning Methods
1. Week
Introduction to Behavioral Economics
Oral Presentation
2. Week
Psychology and Economics
Oral Presentation
3. Week
Historical Development and Methodology of Behavioral Economics
Oral Presentation
4. Week
Mainstream (Neoclassical) Economics: Assumptions, Pioneering Thinkers and Their Views; Opposing Views
Oral Presentation
5. Week
Bounded Rationality
Oral Presentation
6. Week
Prospect Theory and Expected Utility Theory
Oral Presentation
7. Week
An overview
Oral Presentation
8. Week
Midterm
Exam
9. Week
Midterm
exam
10. Week
Political Applications of Behavioral Economics
Presentation
11. Week
The Economics of Happiness
Presentation
12. Week
Behavioral Game Theory
Presentation
13. Week
Experimental Economics
Presentation
14. Week
Biological Basis of Economic Decisions: Neuroeconomics
Presentation
15. Week
Final Exam Week
Assessment
16. Week
Final Exam Week
Assessment
17. Week
Final Exam Week
Assessment
Assessments
Evaluation tools
Quantity
Weight(%)
Homework / Term Projects / Presentations
1
40
Final Exam
1
60
Program Outcomes
PO-1
To define his/her competencies using the theoretical and practical knowledge he/she acquired in the field of Economics and to use these competencies in practice.
PO-2
To discuss concepts and ideas in the field of Economics with scientific methods, to develop hypotheses, to interpret and evaluate the data obtained.
PO-3
To develop solution suggestions for complex and/or unpredictable problems encountered in practice, to report and present these suggestions in accordance with the academic publication rules.
PO-4
To identify regional and global issues/problems, to perform analyses based on scientific data and research, and to develop solution suggestions.
PO-5
To determine the learning needs in the field of Economics, to evaluate the acquired knowledge and skills with a critical approach, and to use this knowledge and skills to develop economic policies.
PO-6
To inform relevant people and institutions on issues related to the field of Economics and to gain the ability to convey written and verbal solutions to problems.
PO-7
To convey his/her thoughts and suggestions in the field of Economics to experts and non-experts by supporting them with quantitative and qualitative data, to discuss and to contribute to the development of new policies by revising suggestions according to the feedback he/she receives.
PO-8
To benefit from other disciplines that form the basis of the field of Economics, to develop multidisciplinary approaches by associating these disciplines with his/her knowledge in the field of Economics, to produce project and publications.
PO-9
To define the differences and relationships between classical and modern theories of economics and to observe the distinctions between classical and modern economic policies and to evaluate the compatibility of these policies with economic and social issues.
PO-10
To read and comprehend foreing news sources about economics being fluent in a foreign language, to scan the economic literature and to follow the most current approaches in this field.
PO-11
To take into account scientific and ethical values in the stages of collecting, interpreting and announcing economic data and carrying out statistical/econometric studies using these data, and also to carry out the publication process in accordance with academic publishing principles.
Learning Outcomes
LO-1
To recognize the relationship between psychology and economic theories
LO-2
To recall the concept of rationality in the neo-classical approach in economics.
LO-3
To comprehend the fundamentals of the happiness economics.
LO-4
To examine the role of expectations in economic decision-making.
