Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
1ECON 527Behavioral Economics and Finance3+0+03827.10.2025

 
Course Details
Language of Instruction English
Level of Course Unit Master's Degree
Department / Program MA Program in Economics (Thesis) (English)
Type of Program Formal Education
Type of Course Unit Elective
Course Delivery Method Face To Face
Objectives of the Course The purpose of this course is to Introduce graduate students with the philosophy and application of behavioral sciences both in Economics and Finance
Course Content Content is based on Asad Zaman lectures from asadzaman.net.tr
Course Methods and Techniques Face to Face. Multimedia will be used as per requirement
Prerequisites and co-requisities None
Course Coordinator Prof.Dr. Hasan Vergil hasan.vergil@ihu.edu.tr
Name of Lecturers Asist Prof.Dr. Taseer Salahuddin taseer.salahuddin@ihu.edu.tr
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Game theory An Introduction by Steve Tadelis
Course Notes Behavioral Game theory by Colin F Camerer
Documents Behavioral Game Theory by Colin F Camerer
Assignments Behavioral Game Theory by Colin F Camerer
Exams Behavioral Game Theory by Colin F Camerer

Course Category
Mathematics and Basic Sciences %15
Education %35
Field %50

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 20
Assignment 10 % 20
Attendance 2 % 10
Practice 20 % 30
Final examination 1 % 20
Total
34
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 2 28
Hours for off-the-c.r.stud 28 1 28
Assignments 10 2 20
Presentation 2 1 2
Mid-terms 1 2 2
Laboratory 20 1 20
Final examination 1 3 3
Total Work Load   Number of ECTS Credits 3 103

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Student will be able to understand the difference between conventional economic approach and behavioral economics approach
2 Student will be able to apply behavioral game theory in both economics and finance in order to reach on policy implications

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Origins of Western Science
2 Implications and usage of Behavioral Economics
3 Logical positivism and conventional economic approach
4 Behavioral Sciences a new approach Emergence of Behavioral Game Theory
5 Transformation of Human Behavior as a Central Strategy for Islamic Economics
6 Behavioral Economics and Labor Market decisions
7 Market Exchange Versus Social Exchange
8 Monetary & Non-Monetary Rewards for Work
9 The Cost of Social Norms, Predictably Irrational by Dan Ariely
10 RECIPROCITY
11 reciprocity and punishment
12 BARGAINING
13 fairness
14 More Detailed Analysis of Social Norms

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8
All 5 5 5 2 4 5 5 5
C1 5 5 5 1 5 5 5 5
C2 5 5 5 4 4 4 5 5

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

  
  https://obs.ihu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=248727&lang=en