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Course Details
KTO KARATAY UNIVERSITY
İktisadi, İdari ve Sosyal Bilimler Fakültesi
Programme of Business Administration
Course Details
Course Code Course Name Year Period Semester T+A+L Credit ECTS
00971323 Behavioral Finance 4 Autumn 7 3+0+0 4 4
Course Type Elective
Course Cycle Bachelor's (First Cycle) (TQF-HE: Level 6 / QF-EHEA: Level 1 / EQF-LLL: Level 6)
Course Language Turkish
Methods and Techniques -
Mode of Delivery Face to Face
Prerequisites -
Coordinator Prof. Osman OKKA
Instructor(s) -
Instructor Assistant(s) -
Course Content
This course covers the fundamental concepts, theories, and applications of behavioral finance. Topics include investor psychology, decision-making biases, cognitive biases in financial markets, behavioral anomalies, and irrational investment decisions.
Objectives of the Course
The aim of this course is to teach students the theories of behavioral finance and the effects of investor behavior on financial decision-making processes, providing a behavioral perspective on investments and financial markets. Students will analyze cognitive and emotional factors in investment decisions.
Contribution of the Course to Field Teaching
Basic Vocational Courses
Specialization / Field Courses X
Support Courses
Transferable Skills Courses
Humanities, Communication and Management Skills Courses
Relationships between Course Learning Outcomes and Program Outcomes
Relationship Levels
Lowest Low Medium High Highest
1 2 3 4 5
# Program Learning Outcomes Level
P1 1) To have advanced theoretical and / or practical knowledge and skills related to the basic functions of businesses (management and organisation, accounting and finance, production management and marketing). 3
P2 2) Identify, analyse and evaluate the current and potential problems of businesses by thinking critically and develop alternative solutions by using scientific methods. 2
P3 3) Organises and implements projects and activities for the social environment in line with regional and economic development goals with a sense of social responsibility. 1
P4 4) Act with innovative and creative thinking when establishing a new business and can perform basic activities such as risk taking, finding resources, making market analysis, preparing a business plan for the sustainability of the business. 1
P5 5) Can research and analyse information related to the field of business administration and can set operational, tactical and strategic goals according to the results obtained. 3
P6 6) With the awareness that the learning process continues throughout life, can follow scientific and technological developments related to businesses and can critically evaluate and apply them for their own organisation. 2
P7 7) Can work effectively in interdisciplinary work or multicultural teams, take responsibility, take initiative, transfer information to teammates, work for common goals by cooperating with team members. 1
P8 8) To be able to establish effective written and oral communication with colleagues and all internal and external stakeholders of businesses, in the language of learning and at least one foreign language, and to be able to conduct relations. 1
P9 9) Applies the activities carried out in the field of business administration in line with the awareness of professional ethics, social responsibility, universal and cultural values 1
P10 10) To be able to evaluate the social and legal consequences of the applications related to all the basic functions of businesses. 1
P11 11) Can effectively use, report and interpret the information systems needed in the field of business administration. 1
P12 İşletme uygulamalarını değerlendirerek, mevcut uygulamaların sürekli iyileştirilmesi için alanında yetkin ve yeterli sayıda çalışan istihdam edilmesini, eğitilmesini ve işe devam etmelerini sağlar. 1
Weekly Detailed Course Contents
Week Topics
1 Introduction to Behavioral Finance and Key Concepts
2 Rational and Irrational Behaviors
3 Traditional Finance Theories vs. Behavioral Finance
4 Investor Psychology and Decision-Making Processes
5 Cognitive Biases and Heuristics
6 Overconfidence and Emotional Influences
7 Framing Effect and Loss Aversion
8 Market Anomalies and Abnormal Returns
9 Herd Behavior and Social Influences
10 Prospect Theory and Irrational Decision-Making
11 Behavioral Portfolio Theory
12 Behavioral Finance and Market Bubbles
13 Behavioral Finance and Risk Management
14 Ethics in Financial Markets from a Behavioral Perspective
Textbook or Material
Resources Kahneman, D. (2011). Thinking, fast and slow. Farrar, Straus and Giroux.
Thaler, R. H. (2015). Misbehaving: The making of behavioral economics. W.W. Norton & Company.
Shleifer, A. (2000). Inefficient markets: An introduction to behavioral finance. Oxford University Press.
Evaluation Method and Passing Criteria
In-Term Studies Quantity Percentage
Attendance - -
Laboratory - -
Practice - -
Field Study - -
Course Specific Internship (If Any) - -
Homework - -
Presentation - -
Projects - -
Seminar - -
Quiz - -
Listening - -
Midterms 1 40 (%)
Final Exam 1 60 (%)
Total 100 (%)
ECTS / Working Load Table
Quantity Duration Total Work Load
Course Week Number and Time 14 3 42
Out-of-Class Study Time (Pre-study, Library, Reinforcement) 14 1 14
Midterms 1 30 30
Quiz 0 0 0
Homework 0 0 0
Practice 0 0 0
Laboratory 0 0 0
Project 0 0 0
Workshop 0 0 0
Presentation/Seminar Preparation 0 0 0
Fieldwork 0 0 0
Final Exam 1 40 40
Other 0 0 0
Total Work Load: 126
Total Work Load / 30 4,20
Course ECTS Credits: 4