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 | |
|---|---|
| Major Area Courses | X |
| 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 | Gains the ability to use knowledge by acquiring conceptual and practical understanding of all core functions of business. | X | ||||
| 2 | Identifies problems related to the field of business and effectively uses scientific approaches in problem-solving and decision-making processes. | X | ||||
| 3 | Demonstrates and analyzes the environmental, social, global impacts and legal consequences of practices related to core business functions. | |||||
| 4 | Analyzes information and reports relevant to businesses at national, regional, and global levels, and sets strategic goals based on the results obtained. | |||||
| 5 | Gains the ability to use, report, and interpret Business Information Systems and their sub-modules required for business management. | |||||
| 6 | Plans the necessary activities such as taking risks, securing resources, conducting market analysis, and preparing business plans for starting a new venture and ensuring its sustainability with innovative and creative thinking, and applies the acquired knowledge accordingly. | |||||
| 7 | Supports oneself and the organization in terms of innovation and continuous improvement, while being aware that the process of research and learning is lifelong and following scientific and technological developments related to business. | |||||
| 8 | Acquires the necessary leadership and managerial skills to achieve business objectives effectively and efficiently. | |||||
| 9 | Conducts scientific research in the field of business and reports the research findings to be used in managerial decision-making processes. | X | ||||
| 10 | Uses effective verbal, written, and visual communication methods to convey information related to the field of business in the language of instruction and professional English. | |||||
| 11 | Develops awareness of professional ethics, environmental sensitivity, sustainability, social responsibility, and cultural, societal, and universal values. | X | ||||
| 12 | Takes initiative in working effectively with different disciplines or multicultural teams, assuming responsibility, conducting risk analysis, adapting to change, and applying critical thinking and problem-solving skills. | X | ||||
| 13 | . | |||||
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 | ||