BA4140 STRATEGIC BEHAVIOR AND EXPERIMENTS
| Course Code: | 3124140 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Business Administration |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. ÖZLEM ÖZDEMİR YILDIRIM |
| Offered Semester: | Spring Semesters. |
Course Objectives
The course aims to present some theoretical and empirical rules (although no single rule can be employed at all times) that managers, actually all decision makers, can and do use to help make decisions. For that purpose, the theoretical framework of managerial economic decision making will be presented through conducting samples of experiments/games in the classroom (e.g., externalities, winner’s curse, cognitive biases). The students will experience different market design that gives them the opportunity to evaluate their own decision making process through a series of classroom experiments.
Course Content
The course aims to present some theoretical and empirical rules (although no single rule can be employed at all times) that managers, actually all decision makers, can and do use to help make decisions. For that purpose, the theoretical framework of managerial economic decision making will be presented through conducting samples of experiments/games in the classroom (e.g., winners curse, bias in assessing risks) in decision making (particularly decisions in marketing and finance). The students will experience situations that they have to make many decisions of their own that will also give them the opportunity to evaluate their own decision making process through a series of classroom experiments.
Prerequisite: BA 2801.
Course Learning Outcomes
Upon successful completion of this course, students should be able to:
Course Specific Skills:
• understand that when the theories are applied to different markets
• learn how the design/incentives change the market structures and the individual’s decisions/behaviors
Discipline Specific Skills:
• connect existing theories with real life applications
• understand individual decision-making process
• analyze and find the right incentives to affect decisions beneficial for society
• learn the usage of experiments for market and policy design
Personal and Key Skills:
• aware of the applied theories to the real business life
• able to choose the right incentives and motives for managerial objectives
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | They attain advanced level of knowledge in the functional areas of business administration such as strategic management, marketing, accounting, finance, organization management, human resources, and operations management. | ✔ | |||
| 2 | They are capable of identifying and analyzing legal, environmental and social factors, which influence the basic functional areas of the business administration. | ✔ | |||
| 3 | They understand and implement rational, systematic and scientific approaches effectively in problem solving and decision-making processes. | ✔ | |||
| 4 | They are capable of applying, analyzing, synthesizing and evaluating the knowledge they have in diverse fields efficiently | ✔ | |||
| 5 | They are capable of transferring information by using efficient verbal and written communication techniques. | ✔ | |||
| 6 | They are capable of performing professional communication effectively also in English. | ✔ | |||
| 7 | They know the methods of performing efficient teamwork. | ✔ | |||
| 8 | They are capable of following the contemporary techniques, scientific and technological developments in their fields and are able to conduct research and studies in order to develop their business administration related knowledge, skills, and competences. | ✔ | |||
| 9 | They are knowledgeable in the areas of professional ethics and responsibility. | ✔ | |||
| 10 | They are capable of utilizing their knowledge and skills efficiently in global and multicultural contexts. | ✔ | |||
| 11 | They are knowledgeable in the issues of environment, social responsibility, social justice, quality and cultural values | ✔ | |||
| 12 | They have a creative, innovative and critical perspective. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution