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SECTION I: GENERAL INFORMATION ABOUT THE COURSE

Course Code Course Name Year Semester Theoretical Practical Credit ECTS
60412METOS-ISL0527 Behavioral Finance 4 Fall 3 0 3 4
Course Type : Elective Course II
Cycle: Bachelor      TQF-HE:6. Master`s Degree      QF-EHEA:First Cycle      EQF-LLL:6. Master`s Degree
Language of Instruction: Turkish
Prerequisities and Co-requisities: N/A
Mode of Delivery: Face to face
Name of Coordinator: Öğretim Görevlisi Dr. DİLEK KURBAN
Dersin Öğretim Eleman(lar)ı:
Dersin Kategorisi: Programme Specific

SECTION II: INTRODUCTION TO THE COURSE

Course Objectives & Content

Course Objectives: The aim of this course is to introduce the basic of behavioral finance. One of the basic assumptions in finance was that all investors acted rationally and markets worked perfectly. Anomalies frequently encountered in traditional finance theories have led to dıscuss about behavioral finance. This course examines the impact of investors' emotions, biases, and cognitive limitations on their investment decisions.
Course Content: It is expected the students who successfully complete the course have a knowledge about;
Theories in investment decisions,
Basic finance theories,
Basic concepts in behavioral finance,
How behavioral tendencies affect investment decisions,
Analysis of the impact of investor psychology on the portfolio
The importance of emotions, biases and cognitive limitations in investment decisions.

Course Learning Outcomes (CLOs)

Course Learning Outcomes (CLOs) are those describing the knowledge, skills and competencies that students are expected to achieve upon successful completion of the course. In this context, Course Learning Outcomes defined for this course unit are as follows:
Knowledge (Described as Theoritical and/or Factual Knowledge.)
Skills (Describe as Cognitive and/or Practical Skills.)
Competences (Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)

Weekly Course Schedule

Week Subject
Materials Sharing *
Related Preparation Further Study
1) Intro to Behavioral Finance Reading Materials and Books
2) Efficient Market Hypothesis Reading Materials and Books
3) Efficient Market Hypothesis' Forms and Anomalies Reading Materials and Books
4) CAPM Reading Materials and Books
5) Prospect Theory vs Expected Utility Theory Reading Materials and Books
6) Traditional Finance vs Modern Finance Approach About Financial Management Reading Materials and Books
7) History of Behavioral Finance Reading Materials and Books
8)
9) Emotion, Biases, and Cognitive Limitations Reading Materials and Books
10) Emotion, Biases, and Cognitive Limitations Reading Materials and Books
11) Emotion, Biases, and Cognitive Limitations Reading Materials and Books
12) Emotion, Biases, and Cognitive Limitations Reading Materials and Books
13) Emotion, Biases, and Cognitive Limitations Reading Materials and Books
14) Critics of Behavioral Finance Reading Materials and Books
*These fields provides students with course materials for their pre- and further study before and after the course delivered.

Recommended or Required Reading & Other Learning Resources/Tools

Course Notes / Textbooks: Ders Notları ve Kitaplar
References: FAMA, Eugene F. “Efficient Capital Markets: A Review of Theory and Empirical Work”.
KAHNEMAN, Daniel ve Amos TVERSKY. “Prospect Theory: An Analysis of Decision Under Risk”.
GRINBLATT, Mark ve Matti KELOHARJU. “What Makes Investors Trade?”.
KAUSTIA, Markku. “Market-Wide Impact of the Disposition Effect: Evidence from IPO Trading Volume”.
KAUSTIA, Markku. “Prospect Theory and the Disposition Effect”.
MARKOWİTZ, Harry. “Portfolio Selection”.
NOFSINGER, John R. The Psychology of Investing.
ODEAN, Terrance. “Are Investors Reluctant to Realize Their Losses?”.

SECTION III: RELATIONSHIP BETWEEN COURSE UNIT AND COURSE LEARNING OUTCOMES (CLOs)

(The matrix below shows how the course learning outcomes (CLOs) associates with programme learning outcomes (both KPLOs & SPLOs) and, if exist, the level of quantitative contribution to them.)

Relationship Between CLOs & PLOs

(KPLOs and SPLOs are the abbreviations for Key & Sub- Programme Learning Outcomes, respectively. )
CLOs/PLOs KPLO 1 KPLO 2 KPLO 3 KPLO 4 KPLO 5
1 2 1 2 1 2 3 4 1 2 3 4 1 2 3 4 5 6 7 8 9 10 11 12

Level of Contribution of the Course to PLOs

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Programme Learning Outcomes Contribution Level (from 1 to 5)
1) Students learn and apply knowledge, concepts and theories in basic and sub-fields of management.
2) Students acquire ability to effectively plan and use economic, technological and human sources and tools in organizations by applying appropriate theories and methods.
3) Students have competencies of eagerness for life-long learning, easiness to comply with innovation and change as an employee/employer/manager to meet modern business life's expectations.
4) Students apply what they learn theoretically in real business life during a semester.
5) Students acquire the competencies expected by business world and society as they defined in institutional outcomes of our university on an advanced level.

SECTION IV: TEACHING-LEARNING & ASSESMENT-EVALUATION METHODS OF THE COURSE

Teaching & Learning Methods of the Course

(All teaching and learning methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)
Teaching and Learning Methods defined at the Programme Level
Teaching and Learning Methods Defined for the Course
Lectures
Discussion
Case Study
Problem Solving
Demonstration
Views
Laboratory
Reading
Homework
Project Preparation
Thesis Preparation
Peer Education
Seminar
Technical Visit
Course Conference
Brain Storming
Questions Answers
Individual and Group Work
Role Playing-Animation-Improvisation
Active Participation in Class

Assessment & Evaluation Methods of the Course

(All assessment and evaluation methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)
Aassessment and evaluation Methods defined at the Programme Level
Assessment and Evaluation Methods defined for the Course
Midterm
Presentation
Final Exam
Quiz
Report Evaluation
Homework Evaluation
Oral Exam
Thesis Defense
Jury Evaluation
Practice Exam
Evaluation of Implementation Training in the Workplace
Active Participation in Class
Participation in Discussions

Relationship Between CLOs & Teaching-Learning, Assesment-Evaluation Methods of the Course

(The matrix below shows the teaching-learning and assessment-evaluation methods designated for the course unit in relation to the course learning outcomes.)
LEARNING & TEACHING METHODS
COURSE LEARNING OUTCOMES
ASSESMENT & EVALUATION METHODS
-Lectures -Midterm
-Discussion -Presentation
-Case Study -Final Exam
-Problem Solving -Quiz
-Demonstration -Report Evaluation
-Views -Homework Evaluation
-Laboratory -Oral Exam
-Reading -Thesis Defense
-Homework -Jury Evaluation
-Project Preparation -Practice Exam
-Thesis Preparation -Evaluation of Implementation Training in the Workplace
-Peer Education -Active Participation in Class
-Seminar - Participation in Discussions
-Technical Visit
-Course Conference
-Brain Storming
-Questions Answers
-Individual and Group Work
-Role Playing-Animation-Improvisation
-Active Participation in Class

Contribution of Assesment & Evalution Activities to Final Grade of the Course

Measurement and Evaluation Methods # of practice per semester Level of Contribution
Homework Assignments 1 % 10.00
Presentation 1 % 10.00
Midterms 1 % 30.00
Semester Final Exam 1 % 50.00
Total % 100
PERCENTAGE OF SEMESTER WORK % 50
PERCENTAGE OF FINAL WORK % 50
Total % 100

SECTION V: WORKLOAD & ECTS CREDITS ALLOCATED FOR THE COURSE

WORKLOAD OF TEACHING & LEARNING ACTIVITIES
Teaching & Learning Activities # of Activities per semester Duration (hour) Total Workload
Course 14 3 42
Laboratory 0 0 0
Application 0 0 0
Special Course Internship (Work Placement) 0 0 0
Field Work 0 0 0
Study Hours Out of Class 0 0 0
Presentations / Seminar 1 1 1
Project 0 0 0
Homework Assignments 1 1 1
Total Workload of Teaching & Learning Activities - - 44
WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES
Assesment & Evaluation Activities # of Activities per semester Duration (hour) Total Workload
Quizzes 0 0 0
Midterms 1 1 1
Semester Final Exam 1 1 1
Total Workload of Assesment & Evaluation Activities - - 2
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities) 46
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h) 4