Information Package / Course Catalogue
Behavioral Finance
Course Code: ISLE462
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

Explicating the psychological decision making based on investments in the context of corporate finance and capital markets

Course Content

Game Theory, Expected Utility Theory , active-market hypothesis, portfolio theory, Capital Asset Pricing Model, Arbitrage Pricing Theory, occurance of Behavioral Finance, Expectation Theory, Fundamentals of expectation theory, the process of expectation theory, Structural characteristics of behavioral finance .

Name of Lecturer(s)
Learning Outcomes
1.Apply the mathematics, science and social knowledges into business problems
2.Demonstrate a basic level of understanding in related sciences (such as economics, sociology, psychology, quantitative sciences, etc.) that serve basis for business, and will be able to make use and apply them into the field of business.
Recommended or Required Reading
1. Ekrem TUFAN, Davranışsal Finans, İmaj Yayıncılık
Weekly Detailed Course Contents
Week 1 - Theoretical
Differences and similarities between empirical and behavioral finance (rationality, EMH...)
Week 2 - Theoretical
Basic concepts and theories I (Heuristics, Biases, Loss aversion, Risk perception)
Week 3 - Theoretical
Basic concepts and theories II (Cognitive / Emotional Approaches, Individual / Group Behaviors)
Week 4 - Theoretical
Prospect Theory
Week 5 - Theoretical
Irrational Investor Approaches (Limits of Arbitrage)
Week 6 - Theoretical
Investment and Financial Planning Approaches (Ethic-Based Investing, Portfolio allocation decisions)
Week 7 - Theoretical
Behavioral outlook in terms of company and market efficiency I (Nudging, Financial scandals,corporate social responsibility)
Week 8 - Intermediate Exam
Midterm exam
Week 9 - Theoretical
Behavioral outlook in terms of company and market efficiency II (Overreaction - Underreactin, Anomalies, Bubbles)
Week 10 - Theoretical
Behavioral corporate finance ve managerial decision making I (market capitalization related decisions)
Week 11 - Theoretical
Behavioral corporate finance ve managerial decision making I (market capitalization related decisions)
Week 12 - Theoretical
Financial literacy and customer management
Week 13 - Theoretical
Financial literacy and customer management
Week 14 - Theoretical
Behavioral corporate finance ve managerial decision making I (market capitalization related decisions)
Week 15 - Theoretical
Behavioral corporate finance ve managerial decision making I (market capitalization related decisions)
Week 16 - Final Exam
Final Exam
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%70
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work62330
Midterm Examination110111
Final Examination114115
TOTAL WORKLOAD (hours)126
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
OÇ-1
4
4
3
4
5
4
3
4
5
OÇ-2
3
4
5
4
3
4
3
3
4
Adnan Menderes University - Information Package / Course Catalogue
2026