Language of instruction: |
English |
Type of course: |
Departmental Elective |
Course Level: |
Bachelor’s Degree (First Cycle)
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Mode of Delivery: |
Face to face
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Course Coordinator : |
Dr. Öğr. Üyesi BAHAR KÖSEOĞLU |
Course Lecturer(s): |
Dr. Öğr. Üyesi HAKKI ÖZTÜRK
Prof. Dr. ÜMİT EROL
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Recommended Optional Program Components: |
None |
Course Objectives: |
The course is divided into two parts. The first part is an introduction to organization and properties of international and national security markets such as NYSE, SEC, OTC, SPK and İMKB (Istanbul Stock Exchange). The first part also covers short sales and margin transsactions in İMKB, capital increase and basic information about stock splits. The second part of the course begins with fundamental analysis, effective use of financial ratios, then puts emphasis on CAPM, APT, portfolio theory and firm valuation models. The main objective of this course is to study fundamental concepts of investment theory in financial markets and to analyze the financial statements of firms. |
Week |
Subject |
Related Preparation |
1) |
Organization and Functioning of International and Turkish Security Markets, SEC, SPK, İMKB (Istanbul Stock Exchange), US Stock Markets, NYSE, OTC, NASDAQ System,
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2) |
Public Placement Stages, Types of Underwriter
Organization and Functioning of International and Turkish Security Markets, SEC, SPK, İMKB (Istanbul Stock Exchange), US Stock Markets, NYSE, OTC, NASDAQ System,
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3) |
Public Placement Stages, Types of Underwriter.
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4) |
Short Sales and Margin Transsactions in BIST. |
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5) |
Short Sales and Margin Transsactions in BIST.
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6) |
Basic Information About Stock Splits, Capital Increase, Bonus Issues, Right Issues, Dividends, Pre-emptive Right
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7) |
Different Index Calculation Methods, Constructing Market Indexes, Alternative Index Types, IMKB Index Properties.
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8) |
Financial Statements, Use of Financial Ratios in Fundamental Analysis.
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9) |
Primary Value Concepts, Efficient Market Hypothesis, Risk and Return Concepts, Expected Return, Measuring Risk
Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory(APT)
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10) |
Risk Free Rate, Estimation of Beta, Risk Premium.
Applications of CAPM and APT
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11) |
Portfolio Management, Markowitz Portfolio Theory, Expected
Portfolio Return, Portfolio Risk, Efficient Frontier, Capital Market Line
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12) |
Minimizing Risk, Maximizing Return and Finding Optimal Portfolio Weights by Lagrange Method.
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13) |
Investment Funds and Portfolio Performance Measures
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14) |
An Overview of Firm Valuation Models: Asset Based Valuation, Income Based Valuation (Discounted Cash Flow Valuation), Relative Valuation (Market Based Valuation) |
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Program Outcomes |
Level of Contribution |
1) |
Being able to identify problems and ask right questions |
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2) |
Having problem solving skills and developing necessary analytical attitude |
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3) |
Comprehending theoretical arguments along with counter arguments in detail |
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4) |
Gaining awareness of lifelong learning and being qualified for pursuing graduate education |
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5) |
Applying theoretical concepts in project planning |
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6) |
Communicating efficiently by accepting differences and carrying out compatible teamwork |
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7) |
Increasing efficiency rate in business environment |
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8) |
Developing innovative and creative solutions in face of uncertainty |
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9) |
Researching to gather information for understanding current threats and opportunities in business |
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10) |
Being aware of the effects of globalization on society and business while deciding |
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11) |
Possessing digital competence and utilizing necessary technology |
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12) |
Communicating in at least one foreign language in academic and daily life |
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13) |
Possessing managing skills and competence |
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14) |
Deciding with the awareness of the legal and ethical consequences of business operations |
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15) |
Expressing opinions that are built through critical thinking process in business and academic environment |
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