Language of instruction: |
English |
Type of course: |
Must Course |
Course Level: |
Bachelor’s Degree (First Cycle)
|
Mode of Delivery: |
Face to face
|
Course Coordinator : |
Dr. Öğr. Üyesi BAHAR KÖSEOĞLU |
Course Lecturer(s): |
Dr. Öğr. Üyesi HAKKI ÖZTÜRK
Prof. Dr. ÜMİT EROL
|
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,
|
|
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,
|
|
3) |
Public Placement Stages, Types of Underwriter.
|
|
4) |
Short Sales and Margin Transsactions in BIST. |
|
5) |
Short Sales and Margin Transsactions in BIST.
|
|
6) |
Basic Information About Stock Splits, Capital Increase, Bonus Issues, Right Issues, Dividends, Pre-emptive Right
|
|
7) |
Different Index Calculation Methods, Constructing Market Indexes, Alternative Index Types, IMKB Index Properties.
|
|
8) |
Financial Statements, Use of Financial Ratios in Fundamental Analysis.
|
|
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)
|
|
10) |
Risk Free Rate, Estimation of Beta, Risk Premium.
Applications of CAPM and APT
|
|
11) |
Portfolio Management, Markowitz Portfolio Theory, Expected
Portfolio Return, Portfolio Risk, Efficient Frontier, Capital Market Line
|
|
12) |
Minimizing Risk, Maximizing Return and Finding Optimal Portfolio Weights by Lagrange Method.
|
|
13) |
Investment Funds and Portfolio Performance Measures
|
|
14) |
An Overview of Firm Valuation Models: Asset Based Valuation, Income Based Valuation (Discounted Cash Flow Valuation), Relative Valuation (Market Based Valuation) |
|
|
Program Outcomes |
Level of Contribution |
1) |
Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. |
4 |
2) |
Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. |
4 |
3) |
Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. |
5 |
4) |
Analyze the interventions of politics to the economics and vice versa. |
5 |
5) |
Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. |
3 |
6) |
Understand current and new economic events and how the new approaches to the economics are formed and evaluating. |
3 |
7) |
Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. |
4 |
8) |
Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. |
4 |
9) |
Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. |
3 |
10) |
Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. |
4 |