Course Details

BEHAVIORAL ECONOMICS

ECON307

Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
6ECON307BEHAVIORAL ECONOMICS3+0+035

Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program ECONOMICS
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course Introducing theories of behavioral economics.
Providing knowledge on the fundamental assumptions of neoclassical
economics.
Showing examples of how behavioral economic theory modified decision
making models in economics.
Course Content Focus of the course content is taken as methodological discussions in classical
economics. Neoclassical vs. mainstream assumptions for decision making
processes of economic agents are discussed. Rationality assumption is
discussed among initial topics. Behavioral decision theory, social preferences,
time preferences, behavioral game theory, bounded rationality, and recent
subjects and developments in fields of behavioral economics and experimental
economics in relation to behavioral economics are also examined.
Course Methods and Techniques Learners will be provided with as much opportunities of hands-on practice as possible with the aim of striking a balance between learner-centeredness and sufficient guidance. Various forms of interaction (i.e. pair work and group work) will also be encouraged to cater for learners with different learning styles. Technology will also be incorporated into the classroom procedures in order to create a better learning environment.
Prerequisites and co-requisities None
Course Coordinator Associate Prof.Dr. SERAP BÜLBÜL aliyavuz.polat@agu.edu.tr
Name of Lecturers Asist Prof.Dr. HEIKO SCHUSS
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources
Kahneman, Daniel: Thinking, Fast and Slow. Penguin Random House, 2011.

Caplan, Arthur J.: A Practicum in Behavioral Economics, Utah State University, 2022.
Caplan, Arthur J.: A Practicum in Behavioral Economics, Utah State University, 2022.

Course Category
Mathematics and Basic Sciences %40
Social Sciences %60

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Quiz/Küçük Sınav 1 % 30
Ödev 5 % 10
Sunum/Seminer 1 % 20
Final examination 1 % 40
Total
8
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Sınıf İçi Aktivitesi 14 3 42
Okuma 14 1 14
Araştırma 6 2 12
Kişisel Çalışma 2 9 18
Ders dışı çalışma 14 2 28
Takım/Grup Çalışması 1 30 30
Total Work Load   Number of ECTS Credits 5 144

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Demonstrate knowledge about concepts and subjects of behavioral economic theory.
2 Discuss methodological issues in economics
3 Interpret the importance of the assumptions used in economic theory
4 Evaluate the contribution of behavioral economics in the field of economics and in other fields.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction
2 The assumptions about Homo Economicus in Mainstream Economic Theories
3 How “System 1” works
4 How “System 2” works
5 Anthropology and the Factors of Human Behavior
6 Heuristics, Biases and Fallacies I
7 Heuristics, Biases and Fallacies II
8 Heuristics, Biases and Fallacies III
9 Lecture Free Week
10 Overconfidence and Entrepreneurship
11 Human Choices – the fourfold pattern
12 Human Choices – difficulties when dealing with low probability events
13 Experiencing Self versus Remembering Self
14 Project Presentations


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10
C1 4 2 3 2 4
C2 3 2 1
C3 3 1 1
C4 4 3 4 2 4

Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant


https://sis.agu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=70501&lang=en