Main aim of this course is to investigate main applications of economics at business and economics.
20
Contribution of the Course to Professional Development
21
Learning Outcomes:
1
To learn the historical evolution of behavioral politics.;
2
To learn to view critically the basic assumptions of politics.;
3
Understanding the importance of behavioral politics in establishing public policies. ;
4
Evaluating how individuals actually behave and make choices in different markets.;
5
Understanding how behavioral theories are tested and applied emprically.;
6
Learnig that unbounded selfishness that characterizes the economic man is great assumption for building tractable economic models but often fails to exist.;
7
Realizes that humans have altruistic tendencies.;
8
Determines that anticipated benefit model is not a theory to explain genuine explain genuine human behaviors.;
9
Analyzing importances of emotions at economics.;
22
Course Content:
Week
Theoretical
Practical
1
The evolution of behavioral economics throughout history
2
The interaction between economics and psychology
3
Economics and behavior
4
Psychology and economic behavior
5
The dynamic elements of economic behaviors
6
The application of Behavioral Dynamics to Economic Issues
7
Behavioral judgement theory
8
Judgement under risk and ambiguity
9
Prospect theory
10
Time inconsistency and auto-control
11
Emotion and happiness
12
Heuristics and prejudices
13
Social preferences: Ultimatum ve dictator
14
Behavioral finance
23
Textbooks, References and/or Other Materials:
• Rabin, Matthew. “Psychology and Economics”, Journal of Economic Literature, 36(1), 1998: 11-46. • DellaVigna, Stefano. “Psychology and Economics: Evidence from the Field”, Journal of Economic Literature, 47(2), 2009: 315-372 • Kahneman, Daniel and Amos Tversky. “Prospect Theory: An Analysis of Decision under Risk”, Econometrica, 47(2), 1979: 263-29
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Assesment
TERM LEARNING ACTIVITIES
NUMBER
PERCENT
Midterm Exam
0
0
Quiz
0
0
Homeworks, Performances
0
0
Final Exam
1
100
Total
1
100
Contribution of Term (Year) Learning Activities to Success Grade
0
Contribution of Final Exam to Success Grade
100
Total
100
Measurement and Evaluation Techniques Used in the Course
Information
-
25
ECTS / WORK LOAD TABLE
Activites
NUMBER
TIME [Hour]
Total WorkLoad [Hour]
Theoretical
14
3
42
Practicals/Labs
0
0
0
Self Study and Preparation
14
4
56
Homeworks, Performances
0
12
12
Projects
0
0
0
Field Studies
0
0
0
Midtermexams
0
0
0
Others
0
0
0
Final Exams
1
70
70
Total WorkLoad
180
Total workload/ 30 hr
6
ECTS Credit of the Course
6
26
CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS
