Economics
Bachelor	Length of the Programme: 4	Number of Credits: 240	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF: Level 6

ECTS Course Information Package

School/Faculty/Institute

Faculty of Economics, Administrative and Social Sciences

Course Code

ECON 338

Course Title in English

Behavioral Economics

Course Title in Turkish

Behavioral Economics

Language of Instruction

Type of Course

Seçiniz

Level of Course

Seçiniz

Semester

Spring

Contact Hours per Week

Lecture: 3

Recitation:

Lab:

Other:

Estimated Student Workload

135 hours per semester

Number of Credits

5 ECTS

Grading Mode

Standard Letter Grade

Pre-requisites

ECON 202 - Microeconomic Theory II
ECON 102 - Macroeconomics

Co-requisites

None

Expected Prior Knowledge

None

Registration Restrictions

None

Overall Educational Objective

Course Description

Course Learning Outcomes and Competences

Upon successful completion of the course, the learner is expected to be able to:
1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics.
2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics.
3) Displays a sound comprehension of microeconomic and macroeconomic theory.
4) Applies economic concepts to solve complex problems and enhance decision-making capability.
5) Uses quantitative techniques to analyze different economic systems.
6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies.
7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data.
8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings.
9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information.
10) Exhibits individual and professional ethical behavior and social responsibility.
11) Displays learning skills necessary for further study with a high degree of autonomy

Program Learning Outcomes/Course Learning Outcomes	1	2	3	4	5	6	7	8	9	10	11
1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics.
2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics.
3) Displays a sound comprehension of microeconomic and macroeconomic theory.
4) Applies economic concepts to solve complex problems and enhance decision-making capability.
5) Uses quantitative techniques to analyze different economic systems.
6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies.
7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data.
8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings.
9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information.
10) Exhibits individual and professional ethical behavior and social responsibility.
11) Displays learning skills necessary for further study with a high degree of autonomy

Relation to Program Outcomes and Competences

N None	S Supportive	H Highly Related

	Program Outcomes and Competences	Level	Assessed by
1)	Has a broad understanding of economics with a deep exposure to other social sciences and mathematics.	H
2)	Demonstrates knowledge and skills in understanding the interactions of different areas of economics.	H
3)	Displays a sound comprehension of microeconomic and macroeconomic theory.	S
4)	Applies economic concepts to solve complex problems and enhance decision-making capability.	N
5)	Uses quantitative techniques to analyze different economic systems.	N
6)	Applies theoretical knowledge to analyze issues regarding Turkish and global economies.	N
7)	Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data.	N
8)	Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings.	H
9)	Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information.	S
10)	Exhibits individual and professional ethical behavior and social responsibility.	S
11)	Displays learning skills necessary for further study with a high degree of autonomy	H

Prepared by and Date	DENİZ NEBİOĞLU ,
Course Coordinator
Semester	Spring
Name of Instructor	Asst. Prof. Dr. DENİZ NEBİOĞLU

Course Contents

Week	Subject
1)	Rational man paradigm and its failures
2)	Reference dependence and loss-aversion
3)	Decision making under risk and uncertainty
4)	Fairness and social preferences
5)	Intertemporal choice
6)	Choice architecture and nudging
7)	Applications in labor economics
8)	Applications in macroeconomics
9)	Applications in finance
10)	Neuroeconomics
11)	Experimental economics methodology
12)	Case Studies
13)	Field trip to BELİS (Bilgi Economics Lab of İstanbul)
14)	Case Studies
15)	Final Examination Period
16)	Final Examination Period

Required/Recommended Readings

Required Readings 1. Thinking, fast and slow, Kahneman, Daniel 2. Nudge: Improving decisions about health, wealth, and happiness Thaler, Richard H.,Sunstein, Cass R. Supplementary Readings 1. Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. Akerlof, George A. and Shiller, Robert J. 2. The Black Swan: The Impact of the Highly Improbable, Taleb, Massim N. 3. Predictably Irrational: The Hidden Forces That Shape Our Decisions, Ariely, Dan 4. The Upside of Rationality, Ariely, Dan. The remaining readings will either be posted on line or handed out in class.

Teaching Methods

Active learning

Homework and Projects

Project/Case study

Laboratory Work

A field trip to Bilgi Lab of İstanbul (BELİS) to participate to an experiment.

Computer Use

Other Activities

Assessment Methods

Assessment Tools	Count	Weight
Project	1	% 25
Midterm(s)	1	% 30
Final Examination	1	% 45
TOTAL		% 100

Course Administration

nebioglud@mef.edu.tr

Course Instructor: Dr. Deniz Nebioğlu Kasapoğlu, email: nebioglud@mef.edu.tr Lecture time and place: Wednesday 14:00-16:50 Attendance/participation: Students are expected to prepare for the lecture via assigned videos and reading materials. Students are responsible to follow the announcements, course materials available on Blackboard system. Formal use of e-mails: Students are expected to use their @mef accounts for email traffic. The instructor is only responsible for the information sent/received through Blackboard system and emails using @mef account. The course instructor assumes that any information sent through email will be received in 24 hours, unless a system problem occurs. Grading and evaluation: Evaluation will be based on the student learning outcomes. It is strongly recommended to complete all the work in a timely fashion. The deadline for submitting the book review will be announced in the class. Late submissions will be graded in a reduced scale. Missing midterm exam: Faculty regulations. Missing final exam: Faculty regulations. Academic Dishonesty and Plagiarism: YOK Regulation

ECTS Student Workload Estimation

Activity	No/Weeks	Hours			Calculation
	No/Weeks per Semester	Preparing for the Activity	Spent in the Activity Itself	Completing the Activity Requirements
Course Hours	14	2	3	1	84
Homework Assignments	1	10	2		12
Midterm(s)	1	15	2		17
Final Examination	1	20	2		22
Total Workload					135
Total Workload/25					5.4
ECTS					5