The aim of this course is to examine the dynamics underlying financial decision making.
Prerequisite(s)
-
Corequisite(s)
-
Special Requisite(s)
-
Instructor(s)
Assist. Prof. Dr. Gizem Turna Cebeci
Course Assistant(s)
Schedule
The course is not offered in this semester.
Office Hour(s)
Teaching Methods and Techniques
-Oral Presentation, Discussion, Applying and Practice
Principle Sources
Pompian, M. M. (2011). Behavioral finance and wealth management: how to build investment strategies that account for investor biases. John Wiley & Sons.
Pompian, M. M. (2012). Behavioral finance and investor types: managing behavior to make better investment decisions. John Wiley & Sons.
Baker, H. K., & Nofsinger, J. R. (Eds.). (2010). Behavioral finance: investors, corporations, and markets (Vol. 6). John Wiley & Sons.
Nofsinger, J. R. (2017). The psychology of investing. Routledge.
Nofsinger, J. R. (2014). Çeviri: Sümeyra Gazel, Yatırım Psikolojisi, 5. Baskı, Nobel Akademik Yayıncılık Eğitim Danışmanlık. Ankara.
Other Sources
-Lecture Notes
Course Schedules
Week
Contents
Learning Methods
1. Week
Introduction to Behavioral Finance
Oral Presentation and Discussion
2. Week
Financial Market Anomalies - Prospect Theory
Oral Presentation and Discussion
3. Week
Financial Biases: Overconfidence and Representativeness
Oral Presentation and Discussion
4. Week
Anchoring and Adjustment - Cognitive Dissonance
Oral Presentation and Discussion
5. Week
Availability - Self- Attribution
Oral Presentation and Discussion
6. Week
Illusion of Control - Conservatism
Oral Presentation and Discussion
7. Week
Ambiguity Aversion - Endowment
Oral Presentation and Discussion
8. Week
Ambiguity Aversion - Endowment
9. Week
Self-Control - Optimism
10. Week
Self-Control - Optimism
Oral Presentation and Discussion
11. Week
Mental Accounting - Confirmation
Oral Presentation and Discussion
12. Week
Hindsight – Affinity - Outcome
Oral Presentation and Discussion
13. Week
Loss Aversion - Recency
Oral Presentation and Discussion
14. Week
Regret Aversion - Framing - Status Quo
Oral Presentation and Discussion
15. Week
Final
Assessment
16. Week
Final
Assessment
17. Week
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
40
Final Exam
4
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.
