| FINANCIAL TECHNOLOGY (ENGLISH, NONTHESIS) | |||||
| Master | TR-NQF-HE: Level 7 | QF-EHEA: Second Cycle | EQF-LLL: Level 7 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| FIN5231 | Derivatives | Fall | 3 | 0 | 3 | 7 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
| Language of instruction: | English |
| Type of course: | Departmental Elective |
| Course Level: | |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Assist. Prof. BORA ERDAMAR |
| Course Lecturer(s): |
Assist. Prof. VEDAT KAMİL GÜVEN Prof. Dr. ÜMİT EROL |
| Recommended Optional Program Components: | None |
| Course Objectives: | To provide understanding of derivative-related financial instruments (forwards, futures and options) and their use in investment and corporate financial management. |
|
The students who have succeeded in this course; I. To learn types of traders in derivative markets II. To understand mechanics of future and forward markets III. To learn the differences between future and forward contracts IV. to calculate prices of forward and future contracts V. To understand mechanics of option markets VI. To calculate price of option contracts VII. To learn currency swaps |
| Week 1: Introduction Week 2: Mechanics of Futures Markets Week 3: Hedging strategies using futures Week 4: Hedging strategies using futures Week 5: Interest rates Week 6: Midterm I Week 7: Determinants of forward and future prices Week 8: Determinants of forward and future prices Week 9: Interest rate futures Week 10: Swaps Week 11: Swaps Week 12: Midterm II Week 13: Mechanics of option markets Week 14: Valuing stock options |
| Week | Subject | Related Preparation |
| 1) | Introduction | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 2) | Mechanics of Futures Markets | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 3) | Hedging strategies using futures | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 4) | Hedging strategies using futures | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 5) | Interest rates | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 6) | Midterm I | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 7) | Determinants of forward and future prices | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 8) | Determinants of forward and future prices | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 9) | Interest rate futures | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 10) | Swaps | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 11) | Swaps | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 12) | Midterm II | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 13) | Mechanics of option markets | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| 14) | Valuing stock options | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| Course Notes / Textbooks: | John Hull. 2011. Fundamentals of Futures and Options Markets. Pearson, Seventh Edition. |
| References: | . |
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 2 | % 60 |
| Final | 1 | % 40 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 60 | |
| PERCENTAGE OF FINAL WORK | % 40 | |
| Total | % 100 | |
| Activities | Number of Activities | Workload |
| Course Hours | 14 | 42 |
| Study Hours Out of Class | 14 | 116 |
| Midterms | 2 | 4 |
| Final | 1 | 2 |
| Total Workload | 164 | |
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Graduates of the Financial Technology master's program gain the ability to understand, analyze, and shape how the traditional world of finance is being transformed by emerging technologies such as Blockchain and Artificial Intelligence. | 3 |
| 2) | Being able to develop and deepen their knowledge at the level of expertise in the same or a different field, based on undergraduate level qualifications. | 4 |
| 3) | To be able to interpret and create new knowledge by integrating the knowledge gained in the field with the knowledge from different disciplines. | 4 |
| 4) | To be able to systematically transfer current developments in the field and their own studies to groups in and outside the field, in written, verbal and visual forms, by supporting them with quantitative and qualitative data. | 3 |
| 5) | To be able to develop strategy, policy and implementation plans in the fields related to the field and to evaluate the obtained results within the framework of quality processes. | 3 |
| 6) | To be able to develop new strategic approaches for the solution of complex and unpredictable problems encountered in applications related to the field and to produce solutions by taking responsibility. | 3 |
| 7) | To be able to use the theoretical and applied knowledge at the level of expertise acquired in the field. | 3 |