Information Package / Course Catalogue
Behavioral Economics in the Trade of Agricultural Products
Course Code: ZTE512
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 8
Objectives of the Course

The aim of the course is to teach students decision making processes. The factors underlying producer and consumer decisions will be examined within the framework of behavioral economics theory

Course Content

Students will be informed about behavioral economics, which is a new approach, theoretically and practically, and the methods used in decision making. The determining factors in the decision-making process will be examined in detail, and the ways of developing policies to improve the final decisions of the producer and the consumer will be discussed

Name of Lecturer(s)
Prof. Gökhan ÇINAR
Learning Outcomes
1.Understanding the theoretical foundations of Behavioral Economics
2.Understanding the drivers behind producer and consumer decisions
3.Understanding the interaction of agriculture, behavior and economics
4.Being able to do mental accounting
5.Understanding Shortcuts, Trends, Choices, Values in Behavioral Economics
Recommended or Required Reading
1.Richard H. Thaler, Sunstein R. 2018. Nudge, 336s
2.Jason Zweig, 2007. Your Money and Your Brain, 329s.
3.Renvoise Patrick and Christophe Morin, 2008, Noromarketing, 174s.
Weekly Detailed Course Contents
Week 1 - Theoretical
Determinants of Behavioral Economics and Decision-Making
Week 2 - Theoretical
Neurological Economics
Week 3 - Theoretical
Decision Making Under Risk and Uncertainty (Prospect Theory; Loss Aversion)
Week 4 - Theoretical
Shortcuts, Trends, Choices, Values and Preferences in Behavioral Economics
Week 5 - Theoretical
Automatic and Intellectual System; Election Architecture
Week 6 - Theoretical
Small Numbers Rule; Origin (Anchor) Effect
Week 7 - Theoretical
Accessibility; Overconfidence
Week 8 - Theoretical
Mental Accounting
Week 9 - Theoretical
Relativity; Supply and Demand Illusion
Week 10 - Theoretical
Social Norms
Week 11 - Theoretical
Translation and Control Problem
Week 12 - Theoretical
Herd Psychology
Week 13 - Theoretical
Ownership policy
Week 14 - Theoretical
Repetition of all topics with agricultural examples
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory1483154
Assignment114216
Midterm Examination114216
Final Examination114216
TOTAL WORKLOAD (hours)202
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
PÇ-10
OÇ-1
4
2
5
5
5
2
5
5
OÇ-2
4
2
4
5
4
2
4
4
OÇ-3
4
2
4
5
5
2
5
5
OÇ-4
4
3
1
4
5
4
4
3
4
3
OÇ-5
4
3
3
4
5
4
4
3
4
3
Adnan Menderes University - Information Package / Course Catalogue
2026