ECTS - Behavioral Finance
Behavioral Finance (ISL314) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Behavioral Finance | ISL314 | Area Elective | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | Turkish |
|---|---|
| Course Type | Elective Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Demonstration, Discussion. |
| Course Lecturer(s) |
|
| Course Objectives | The primary objective of this course is to offer a comprehensive overview of the behavioral foundations underlying financial decision-making and their practical applications within the field of finance. Behavioral finance, an emergent yet rapidly expanding discipline, endeavors to elucidate economic decisions that deviate from the predictions of traditional economic and financial theories. This field provides insights into various seemingly irrational and inconsistent patterns observed in investor behavior, financial markets, and corporate management, thereby complementing conventional paradigms. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | The course begins with an examination of standard finance theories, with a particular focus on the efficient market hypothesis. Subsequently, it addresses a range of financial market phenomena that are challenging to explain through traditional theories alone covering cognitive biases and heuristics. The course then transitions to more realistic market dynamics, exploring alternative theoretical frameworks to enhance our understanding of the observed behaviors in financial markets and among thei |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Introduction to the course | Gain information about the general content and fundamental concepts of the course. |
| 2 | Rational Markets Hypothesis and the Challenge by Behavioralists | Research the core concepts of the Efficient Market Hypothesis and Behavioral Finance. |
| 3 | Foundations of Rational Finance | Learn the fundamentals and main principles of Rational Finance. |
| 4 | Prospect Theory and Mental Accounting | Gather information on Expectation Theory and Mental Accounting concepts. |
| 5 | Prospect Theory and Mental Accounting Cont’d. | Obtain deeper knowledge on Expectation Theory and Mental Accounting. |
| 6 | Challenges to Efficient Market Hypothesis | Research criticisms and challenges to the Efficient Market Hypothesis. |
| 7 | Heuristics and Biases | Collect information on applications and theories related to heuristics and biases. |
| 8 | Midterm Week | Review and summarize previous topics in preparation for the midterm exam. |
| 9 | Heuristics and Biases Cont’d. | Acquire detailed information on heuristics and biases and review relevant applications. |
| 10 | Overconfidence | Learn about overconfidence and its effects, and research examples. |
| 11 | Emotional Factors and Social Forces | Gather information on the impact of emotional factors and social forces on investment decisions. |
| 12 | Investor Behavior | Study investor behavior and its effects on the market. |
| 13 | Market Outcomes | Investigate market outcomes and the impact of Behavioral Finance on markets. |
| 14 | Behavioral Corporate Finance | Learn about Behavioral Corporate Finance topics and review examples. |
| 15 | Review | Review and summarize all course topics. |
| 16 | Final Exam | Revise all topics and prepare thoroughly for the final exam. |
Sources
| Course Book | 1. Kıyılar, M. & Akkaya, M. (2016) Davranışsal Finans, Literatür Yayınevi. |
|---|---|
| Other Sources | 2. Nofsinger, J.R. (2014). Yatırım Psikolojisi, Çev. Gazel, Sümeyra, Nobel Yayınevi. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | - | - |
| Presentation | - | - |
| Project | 1 | 20 |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 40 |
| Final Exam/Final Jury | 1 | 40 |
| Toplam | 3 | 100 |
| Percentage of Semester Work | 60 |
|---|---|
| Percentage of Final Work | 40 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Have an advanced level of basic theoretical knowledge on the field of public finance in order to obtain the practical gains. | |||||
| 2 | Identify the issues related to the field of public finance by dealing with it within the framework of the methodological approach, and report and evaluate it from an analytical point of view. | |||||
| 3 | Understand, interpret and analyse economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law. | |||||
| 4 | Develop policies and strategies for solving the problems by establishing the cause-effect relationship related to fiscal and economic issues through theoretical information and the discussions. | |||||
| 5 | Establish the relationship of public financial management and budget theory with public policies, he/she makes strong budget analysis, develop analysis on public finance and makes a link with the policy implementation | |||||
| 6 | Understand the tax theory, learning the legal structure, following the legal and financial developments and gaining a professional competence in tax matters effectively develop it. | |||||
| 7 | Have knowledge of accounting systems in private and public institutions and businesses, analyze and interpret the financial and financial structure of institutions with the knowledge and competence gained. | |||||
| 8 | Gain knowledge of macroeconomic framework and growth theory, including theoretical and country examples, evaluates economic developments from a theoretical perspective. | |||||
| 9 | Use foreign language in financial and economic fields, follow international literature, communicate on professional issues. | |||||
| 10 | Benefit from technological developments in studies specific to its field by using information technologies, digital developments and common software. | |||||
| 11 | Use qualitative and quantitative methods for the analysis of economic, financial, social and institutional events. | |||||
| 12 | While fulfilling its academic and professional responsibilities, develop an approach that respects s United Nations sustainable development goals, freedoms, rights of the disadvantaged groups, environment, cultural and moral values. | |||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 14 | 2 | 28 |
| Presentation/Seminar Prepration | |||
| Project | 1 | 14 | 14 |
| Report | |||
| Homework Assignments | |||
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 10 | 10 |
| Prepration of Final Exams/Final Jury | 1 | 25 | 25 |
| Total Workload | 125 | ||