BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
| ECONOMICS | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
Course Introduction and Application Information
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| IF4221 | Alternative Assets and Trading | Fall | 3 | 0 | 3 | 6 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Basic information
| Language of instruction: | English |
| Type of course: | Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Assist. Prof. BAHAR KÖSEOĞLU |
| Recommended Optional Program Components: | None |
| Course Objectives: | The purpose of this course is to introduce alternatıve ınvestments and provıde a basıc sound of the rısk return structure of those alternatıve ınstruments whıch are ıncreasıng rapıdly all over the world.The course will partıcularly focus on the rısk/return corelatıon of the products; market effects on theır valuatıon, how they are sımılar and at the same tıme dıfferent from each other: how they are used to ıncrease rısk or hedgıng the rısk, the strategıes and the factors that effect theır values. |
Learning Outcomes
|
The students who have succeeded in this course; I. Understands what an alternative investment is and their differences with the traditional asset classes/ II Learns the impact of market ındıcators on alternatıve ınvsetments III. Be able to create a structured product and price it. V. Will learn the historical financial crises and their impacts on alternative investments VI. Will learn some of the most common used option strategies VII. Applies option strategies to some structured products within a real life environment VIII. Holds a basic knowledge about securıtızatıon |
Course Content
| Alternative investment, alternatıve ınvsetments, structured products, option strategies , securıtızatıon |
Weekly Detailed Course Contents
| Week | Subject | Related Preparation |
| 1) | Traditional Asset Classes vs Alternative Investments - Definition - Similarities and differences - General Characteristics | PPT Slides |
| 2) | Historical Development of the markets and Financial Securities | PPT Slides |
| 3) | Investment Principles - Understanding risk and return - Diversificiation and Asset Allocation - What is risk profiling, why do we have to do it? - Measuring the time value of the investment and its consideration - Historcial statistics of the returns of different asset classes - Portfolio Theory | PPT Slides |
| 4) | Introduction to Options - Brief on Derivatives - Options - The reasons for using options: Usage Alternatives, speculation, hedging, arbitrage - Market examples - Temel Opsiyon Stratejileri | PPT Slides |
| 5) | Advanced Option Strategies and Pricing - Strategies for bullish, bearish and volatile market expectations - Creating strategies and maths - Pricing | PPT Slides, case studies from the book "Start Trading Options" |
| 6) | Structured Products - Definition - Types of Structured Products - Examples - Risk/Return Analyses - Terminolgy | PPT Slides, Handouts Source: www:retailstructuredproducts.com |
| 7) | Review of the 6 weeks and midterm | Midterm |
| 8) | Structured Products, Issuing and Trading - Premium Accounts - Protected Funds | PPT Slides |
| 9) | Structured Notes -Issuing and the role of investors, investment baks and commercial banks -Sales and marketing -Structuring and Pricing -Related Risks -Secondary Market and Trading -Lehman Case | PPT Slides, Cases to be used in the class workshop |
| 10) | Continue to the Classwork from the previous week and solutions of the Cases | Handouts |
| 11) | Hedge Funds - Characteristic Properties - Most Famous Hedge Funds and the biggest trades of all - Sources on Hedge Funds - Most famous hedge fund managers and their management principles | PPT Slides |
| 12) | Hedge Fund Strategies Statistical Comparision of the hedge fund industry by numbers and volumes | PPT Slides |
| 13) | Securitization, securitization tools CDO, CMO, CLO, MBS etc. | PPT Slides, video |
| 14) | Cont'd securitisation and wrap up the term | PPT Slides |
Sources
| Course Notes / Textbooks: | Start Trading Optıons /Kevın Kraus Investment : Body,Kane,Marcus Sınıfta dağıtılan/ ois sistemi üzerinden paylaşılan sunumlar -Distributed ppt slides via OİS or in class. |
| References: | None |
Evaluation System
| Semester Requirements | Number of Activities | Level of Contribution |
| Application | 6 | % 20 |
| Homework Assignments | 3 | % 10 |
| Midterms | 2 | % 25 |
| Final | 1 | % 45 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 55 | |
| PERCENTAGE OF FINAL WORK | % 45 | |
| Total | % 100 | |
ECTS / Workload Table
| Activities | Number of Activities | Duration (Hours) | Workload |
| Course Hours | 14 | 3 | 42 |
| Application | 6 | 2 | 12 |
| Homework Assignments | 3 | 5 | 15 |
| Midterms | 2 | 25 | 50 |
| Final | 1 | 35 | 35 |
| Total Workload | 154 | ||
Contribution of Learning Outcomes to Programme Outcomes
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | As a world citizen, she is aware of global economic, political, social and ecological developments and trends. | 1 |
| 2) | He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. | 1 |
| 3) | Absorbs basic economic principles and analysis methods and uses them to evaluate daily events. | 1 |
| 4) | Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders. | 2 |
| 5) | Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions. | 1 |
| 6) | Comprehends new ways of doing business using digital technologies. and new market structures. | 2 |
| 7) | Takes critical approach to economic and social problems and develops analytical solutions. | 1 |
| 8) | Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. | 3 |
| 9) | In the works he/she contributes, observes individual and social welfare together and with an ethical perspective. | 2 |
| 10) | Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines. | 2 |
| 11) | Generates original and innovative ideas in the works she/he contributes as part of a team. | 1 |