TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	Instructor Murat Çetinkaya
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Should have learned the basic principles and assumptions of behavioral economics, a field which is shaped by the advences in psychology and neuroscience 2) Understand to take into account the effects of irrationality, biases, cognitive and heuristic factors on the individual decision making 3) Capture the assumptions and policy recommendations of traditional economics within the lenses of behavioral economics in a much more realistic way and have the ability of applying the findings of behavioral economics in designing appropriate policies
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	ECON205, ECON214
COURSE DEFINITION	The aim of the course is to provide an introduction to behavioral economics and a practical guide to applying behavioral economics tools to improve decision making and economic policy enforcement. This course covers models of the main topics of behavioral economics which mainly studies the violations from the standard assumptions of the mainstream economics.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction to Behavioral Economics 2nd Week The History and Methodology of Behavioral Economics, and Experimental Economics 3rd Week Traditional (Neoclassical) Economics: Main Assumptions, Pioneers and Their views; Limited Rationality 4th Week Marginalism, Preferences, Rationality and Utility Maximisation 5th Week Loss Aversion and Endowment Effect; Mental Accounting 6th Week Heuristics and Biases 7th Week Systematic deviations from rationality 8th Week Midterm 9th Week Prospect Theory 10th Week Mind: System 1 and System 2 11th Week Manners and Moods: Priming, Moods and Personality, Social Norms 12th Week Behavioral Public Policies, Nudge Theory and Choice Architecture; Behavioral Economics and Other Fields of Economics 13th Week Behavioral Economics, Happiness and Subjective Well-Being 14th Week The Future of Behavioral Economics
RECOMENDED OR REQUIRED READING	Nick Wilkinson, Matthias Klaes (2018), An Introduction to Behavioral Economics, MacMillan Hatime Kamilçelebi (2019), Davranışsal İktisat, IJOPEC Publication Daniel Kahneman (2015, çeviri basımı), Hızlı ve Yavaş Düşünme, Varlık Yayınları Richard Thaler (2019, çeviri basım), Akıllı İnsanların Mantıksız Kararları, Pegasus Yayınları Richard H. Thaler ve Cass R. Sunstein (2017, çeviri basımı),Dürtme (Nudge), Pegasus Yayınları Dan Ariely (2012, çeviri basımı), Akıldışı Ama Öngörülebilir,Optimist Yayınları Philip Corr ve Anke Plagnol (2019), Behavioral Economics: The Basics, Routledge
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Total(%) 40 Contribution of In-term Studies to Overall Grade(%) 40 Contribution of Final Examination to Overall Grade(%) 60 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 1 1 Preparation for Quiz 0 9 0 Individual or group work 14 3 42 Preparation for Final exam 1 39 39 Course hours 14 3 42 Preparation for Midterm exam 1 25 25 Laboratory (including preparation) 0 0 0 Final exam 1 1 1 Homework 0 0 0 Total Workload 150 Total Workload / 30 5 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No