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    Format For Course Curriculum: Course Level: PG Course Objectives: Course Objectives

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    Akash Singh Rajput
    This document outlines the course curriculum for a 3-credit course titled "Behavioural Finance". The course aims to introduce students to an alternative framework for understanding price discovery in markets by examining persistent systematic behavioral factors. It is divided into 5 modules that cover topics like market anomalies, information processing biases, emotional influences, overcoming biases, and recent developments in behavioral finance. Assessment includes continuous assessments like projects, assignments, and tests worth 30% and an end-term examination worth 70%. The course pedagogy involves relating theoretical concepts to practical applications through case analyses and discussions.

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    Format For Course Curriculum: Course Level: PG Course Objectives: Course Objectives

    Uploaded by

    Akash Singh Rajput
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    This document outlines the course curriculum for a 3-credit course titled "Behavioural Finance". The course aims to introduce students to an alternative framework for understanding price discovery in markets by examining persistent systematic behavioral factors. It is divided into 5 modules that cover topics like market anomalies, information processing biases, emotional influences, overcoming biases, and recent developments in behavioral finance. Assessment includes continuous assessments like projects, assignments, and tests worth 30% and an end-term examination worth 70%. The course pedagogy involves relating theoretical concepts to practical applications through case analyses and discussions.

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    This document outlines the course curriculum for a 3-credit course titled "Behavioural Finance". The course aims to introduce students to an alternative framework for understanding price discovery in markets by examining persistent systematic behavioral factors. It is divided into 5 modules that cover topics like market anomalies, information processing biases, emotional influences, overcoming biases, and recent developments in behavioral finance. Assessment includes continuous assessments like projects, assignments, and tests worth 30% and an end-term examination worth 70%. The course pedagogy involves relating theoretical concepts to practical applications through case analyses and discussions.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    18 views5 pages

    Format For Course Curriculum: Course Level: PG Course Objectives: Course Objectives

    Uploaded by

    Akash Singh Rajput
    This document outlines the course curriculum for a 3-credit course titled "Behavioural Finance". The course aims to introduce students to an alternative framework for understanding price discovery in markets by examining persistent systematic behavioral factors. It is divided into 5 modules that cover topics like market anomalies, information processing biases, emotional influences, overcoming biases, and recent developments in behavioral finance. Assessment includes continuous assessments like projects, assignments, and tests worth 30% and an end-term examination worth 70%. The course pedagogy involves relating theoretical concepts to practical applications through case analyses and discussions.

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    of 5

    Annexure ‘CD – 01’

    FORMAT FOR COURSE CURRICULUM

    L T P/S SW/FW No. of TOTAL


    PSDA CREDIT
    Course Title: Behavioural Finance Credit Units: 03 UNITS

    2 - - 2 3 3
    Course Level: PG Course Code: FIBA701
    Course Objectives: Course Objectives:

    To introduce students to an alternate framework for understanding price discovery in the markets To orient the students regarding persistent systematic behavioral factors
    that influence investment behavior To evaluate and synthesize the role of psychology with finance and what this has to offer stock market investors, portfolio managers,
    and

    Prerequisites:

    Students should be aware of finance concepts. The student should be knowing Security Analysis and Portfolio Management

    Course Title Weightage

    Module I Introduction to Behavioural Finance 20% Weightage

    Introduction to Behavioral Finance EMH –Limitations. Evolution of Behavioural Finance.


    Difference between Traditional theories, Modern theories and Behavioural Finance. Market
    Anomalies - Equity premium puzzle, Over-reaction, Under-reaction.
    25% Weightage
    Module II The Behavioral Foundations – Role of Information Processing
    Descriptors/Topics
    Preferred Information Processing – Rational, Intuitive and Dual processing, Bayesian
    information processing Framing, Mental Accounting , Prospect Theory and its
    application in stock markets, Domain of Gains, Domain of losses., Loss aversion and
    regret aversion.

    Module III : Behavioural Biases 20% Weightage


    Role of Emotions, Mood, Sentiments. Emotional Timeline; Emotions and Neuroscience
    Role of Demographics Role of Psychological Dispositions Limits to Arbitrage, Various
    Behavioural biases
    Module IV: Overcoming Biases 15% Weightage
    Investing Styles and Behavioral Finance; Shadow of the Past. Strategies for overcoming
    Psychological Biases and its affect on stock market

    Module V: Latest Developments, Trends and Practices 20% Weightage


    Latest real time examples and its usage with statistical tool, various research undertaken
    globally in this emerging area to be discussed in the class, use of technology in Behavioural
    finance, selected research papers to be part of discussion.

    Student Learning Outcomes: By the end of this course the students will be able to:
     Be able to articulate the concepts and principles that support behavioral finance.
     Know how to analyze, as well as compare and contrast basic behavioral finance theories that support decision making.
     Be able to appreciate the behavioural anomalies pertinent in the stock markets

    Pedagogy for Course Delivery:

    The pedagogy for the course should include regular follow-up of the stock market indices, co-relational study of the market movements and market sentiments
    along with the media support garnered, major losers and major gainers evaluation vis-à-vis their fundamental values. Upon building a sound theoretical
    framework, different behavioral applications and relevant research papers should be introduced in each section of the course. Lectures should be discussion
    oriented and on some occasions supported by case analyses to emphasize the practical aspects of the issues covered.

    List of Professional Skill Development Activities (PSDA):

    i. Mock Trading practice


    ii. Analysis of stock
    iii. Investor’s behavior analysis
    Lab/ Practicals details, if applicable:-Not applicable

    Assessment/ Examination Scheme:

    Theory L/T (%) Lab/Practical/Studio (%)

    100%

    Theory Assessment (L&T):


    Continuous Assessment/Internal Assessment End Term Examination

    (30 %) (70%)

    Components (Drop down) Project Home Assignment Attendance

    Class test

    Linkage of PSDA with Analysis of Mock trading practice


    Internal Assessment stock
    Component, if any
    Investor’s
    behavior
    analysis

    Weightage (%) 10 10 5 5

    70

    Lab/ Practical/ Studio Assessment:


    Continuous Assessment/Internal Assessment End Term Examination

    (____ %) (____ %)

    Components (Drop down

    Weightage (%)

    Text & References:

    Scott Plous, (1993) The Psychology of Judgment and Decision Making, McGraw Hill.

    Daniel Kahneman and Amos Tversky (eds.) (2000) Choices, Values and Frames; New York: Russell Sage Foundation, Cambridge UK: New York, Cambridge University
    Press.

    Richard Thaler, (1991) Quasi-Rational Economics, Russell Sage Foundation Press.

    Andrei Shleifer, (2000), Inefficient Markets, Oxford: New York: Oxford University Press.

    HershShefrin, (2000) Beyond Greed and Fear, Harvard Business School Press.

    Daniel Kahneman, Paul Slovic, and Amos Tversky (eds.) (1982) Judgment under Uncertainty: Heuristics and biases, Oxford; New York: Oxford University Press.

    Additional reading

    The Journal of Behavioural Finance

    Any other Study Material:

     Articles from Journal of Finance

     Articles from International Journal -Finance India

     Business newspapers

     Yahoo finance (http://finance.yahoo.com/)

     Investopedia (www.investopedia.com) - Investing 101 ,Stock Basics ,Basic Financial Concepts, Bond & Debt Basics ,IPO Basics, Brokers and Online
    Trading, Economics Basics, Reading Financial Tables, Understanding the P/E Ratio
     Google Finance (www.google.com/finance)

     Capital Ideas: The Improbable Origins of Modern Wall Street by Peter Bernstein

     When Genius Failed: The Raise and Fall of Long-Term Capital Management by Lowenstein

     Behvaioural Finance, Prasanna Chandra

     Value Investing and Behavioural Finance, Parag Parikh, Mc GrawHill

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