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) |
As a world citizen, she is aware of global economic, political, social and ecological developments and trends. |
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2) |
He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. |
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3) |
Absorbs basic economic principles and analysis methods and uses them to evaluate daily events. |
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4) |
Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders. |
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5) |
Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions. |
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6) |
Comprehends new ways of doing business using digital technologies. and new market structures. |
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7) |
Takes critical approach to economic and social problems and develops analytical solutions. |
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8) |
Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. |
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9) |
In the works he/she contributes, observes individual and social welfare together and with an ethical perspective. |
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10) |
Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines. |
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11) |
Generates original and innovative ideas in the works she/he contributes as part of a team. |
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