LAW
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
IF1512	Introduction to Finance	Spring Fall	3	0	3	8

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:	Non-Departmental Elective
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Dr. Öğr. Üyesi BAHAR KÖSEOĞLU
Course Lecturer(s):	Prof. Dr. NİYAZİ BERK
Recommended Optional Program Components:	None
Course Objectives:	This is the first course in finance in the department of international finance. This course aims to provide a fundamental background for the future finance courses. This course is an introduction to capital markets and corporate finance. The objective is to introduce the student to basic concepts of financial management of a corporation and capital markets. Upon completion of this course, the student is expected to learn the major concepts of finance and most importantly to think logically and systematically in financial terms.

Learning Outcomes

The students who have succeeded in this course;
I.to be able to learn organization of a firm.
to be able to identify shareholder wealth maximization, principal agent problem
II.to be able to understand how financial markets work
III.to be able to establish basic concepts of financial markets and institutions
IV.to be able to learn time value of money, present value and future value.
V. to be able to understand how securities are priced in financial markets.
VI.to be able to learn the major concepts of finance

Course Content

organization of a firm, principal agent problem, financial markets work, financial markets and institutions, time value of money, pricing

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Types of Business Entity, Organization of Corporate Firm, The Role of Financial Management, Financial Management Decisions
2)	The Goals of the Firm, Profit Maximization and Shareholder Wealth Maximization, Principal-agent Problem, Agency Costs, Asymmetry of Information, Shareholder, Stakeholder.
3)	Financial Environment: Markets, Institutions, and Interest Rates
4)	Financial System, Capital Markets, Money Markets, Primary versus Secondary Markets, Financial Institutions, Financial Instruments.
5)	Basic Financial Statements of a Firm: Balance Sheet Identity, Assets, Liabilities, Equity
6)	Overview of Income Statement, Concepts of EBIT and Net Profit.
7)	Interest Rates, Real versus Nominal Rates, Simple Interest Rates, Compunded Interest Rates.
8)	Time Value of Money, Opprtunity Cost, Present and Future Value
9)	Annuity and Perpetuity, Compounding, Concepts of Risk, Rate of Return and Discount Factor.
10)	More on Annuity and Perpetuity, Annuity Tables, Finding the Number of Periods.
11)	Characteristics of Bills, How Bills are Bought and Sold, The Valuation of Bills
12)	Features of Bonds, How Bonds are Bought and Sold, Pricing of Bonds. The Relationship Between Bond Prices and Interest Rates.
13)	Characteristics of Stocks, Capital Gain, Dividend Gain, Common Stocks, Preferred Stocks.
14)	How Common Stocks Are Traded, Logic Behind The Pricing of Stocks, Capitalization Rate.

Sources

Course Notes / Textbooks:	Essentials of Corporate Finance by Ross, Westerfield and Jordan, Sixth Edition.
References:	Mevcut değil

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Homework Assignments	1	% 10
Midterms	2	% 40
Final	1	% 50
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	3	42
Homework Assignments	1	30	30
Midterms	2	40	80
Final	1	40	40
Total Workload			192

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)	List the relations between concepts and institutions related to various legal disciplines and this concepts and institutions.
2)	Have the knowledge of legal methodology and methods of comment.
3)	Comment the modern legal gains with the historical knowledge.
4)	Have the knowledge of philosophical currents of thought which are the bases of legal rules.
5)	Have the knowledge of legal regulations, judicial decisions and the scientific evaluations related to them.
6)	Resolve the juridical disagreements in light of legal acts, juridical decisions and doctrine.
7)	Use at least one foreign language as scientific language.
8)	Have the knowledge of the political and juridical foundation of the state.
9)	Have the knowledge of the historical development of the rights of individuals and societies and of the basic documents which are accepted throughout this development.
10)	Have the ability to resolve the disagreements which can violate the social order in national or international level.
11)	Have the ability to prevent the juridical disagreements between individuals.
12)	Have the knowledge of international and comparative law systems.
13)	Have the knowledge of the construction and the conduct of the national and international commercial relations.
14)	Use Turkish in an efficient way both verbal and written.
15)	Have the professional and ethical responsibility.
16)	Have the knowledge on the European Union’s legislation and institutions.
17)	Have the knowledge on juridical regulations and applications related to economical and financial mechanisms.
18)	Have the knowledge of the operation of the national and the international judicial bodies.