COURSE UNIT TITLE

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

DOCTOR ŞULE GÜNDÜZ ÖZGÜR

Offered to

Economics

Course Objective

The aim of this course is to describe how the use of evidence from psychology can improve the power of standard economic theories. This course also aims to provide the learner basics of modeling human behavior that departures from basic economic theory using psychological principles.

Learning Outcomes of the Course Unit

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

ECO 2001 - MICROECONOMICS I

Recomended Optional Programme Components

None

Course Contents

Recomended or Required Reading

1. Ariely, D. "Predictably Irrational: The Hidden Forces That Shape Our Decisions" Harper Perennial, 2010.
2. Belsky , G.and Gilovich, T. "Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics", Simon & Schuster, 2010.
3. Wilkinson, N. "An Introduction to Behavioral Economics", Palgrave Macmillan, 2007.
4. Akerlof, G.A. and Kranton, R.E "Identity Economics How Our Identities Shape Our Work, Wages, and Well-Being", Princeton University Press.
5. Reading package

Planned Learning Activities and Teaching Methods

1. Lecture
2. Reading
3. Case studies and discussions

Assessment Methods

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will demonstrate awareness of the available evidence on the basic concepts in the economic and pscyhological decision making like framing, anchoring, sunk cost fallacy, diminishing sensitivity, etc.
2. The learner will be familiar with a wide ranging non-technical survey of behavioral economics.
3. The learner will assess how the combination of economic and psychological theory improves the design of governmental policies.

1. Presentations will be related to historical/ current economic events.
a) The student will choose a topic, or the instructor will assign the presentation topic to the student. Presentations will be assessed on 1) organization, 2) content, and 3) presentation. Criteria 1 and 2 are 50 percent of the total presentation grade, and criteria 3 is 50 percent of the total presentation grade.
(1) The students who present the topic in a logical sequence with all the required information and cite the references will get 100% (excellent). The students who present the topic in a logical sequence with all the required information but do not cite the references will get 80% (very good). The students who present the topic in a logical sequence with missing required information and do not cite the references will get 60% (good). The students who present the topic but do not have a logical sequence and do not cite the references will get 40% (fair). The students who present an irrelevant topic with no references will get 0% (poor).

(2) The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information with a conclusion summarizing the presentation will get 100% (excellent). The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information but do not summarize the presentation will get 80% (very good). The students who lay out the topic well and include accurate information but do not summarize the presentation will get 60% (good). The students who lay out the topic well but fail to provide accurate information and do not summarize the presentation will get 40% (fair). The students who fail to lay out the topic well, lack accurate information, and do not summarize the presentation will get 0% (poor).

(3) The students who manage their time well, have good language skills, can explain the subject clearly, and manage to respond to the questions will get 100% (excellent). The students who manage their time well, have enough language skills, explain the subject quite clearly, and manage to respond to the questions will get 80% (very good). The students who manage their time well, have enough language skills, and can explain the subject quite clearly but cannot respond to the questions will get 60% (good). The students who cannot manage their time well, have poor language skills, and can partially explain the subject but cannot respond to the questions will get 40% (fair). The students who cannot manage their time well, have poor language skills, cannot explain the subject, and cannot respond to the questions will get 0% (poor).

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

sule.gunduz@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes