Language of instruction: |
English |
Type of course: |
Must Course |
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) |
To correctly identify the problems and to be able to ask the correct questions |
5 |
2) |
To have the ability for problem solving and to utilize analytical approach in dealing with the problems of finance |
5 |
3) |
To understand and grasp the full details of theoretical arguments and counter arguments |
4 |
4) |
To be fully prepared for a graduate study in finance and to have lifelong learning awareness |
5 |
5) |
To be able to apply theoretical principles of finance to the realities of practical business life |
5 |
6) |
To develop solutions for managerial problems by understanding the requirements of international financial markets |
4 |
7) |
To think innovatively and creatively in complex situations |
4 |
8) |
To be able to make decisions both locally and internationally by knowing the effects of globalization on business and social life |
3 |
9) |
To have the competencies of the digital age and to use the necessary financial applications |
4 |
10) |
To be able to use at least one foreign language both for communication and academic purposes |
3 |
11) |
To understand the importance of business ethics and to take decisions by knowing the legal and ethical consequences of their activities in the academic world and business life |
3 |
12) |
To develop an objective criticism in business and academic life and having a perspective to self-criticize |
3 |