INTERNATIONAL FINANCE
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
IF4313	Derivative Markets	Fall	3	0	3	6

Basic information

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):	Prof. Dr. ASLI YÜKSEL
Recommended Optional Program Components:	None
Course Objectives:	To provide a basic understanding of derivative-related financial instruments (forwards, futures and options) and their use in investment and corporate financial management.

Learning Outcomes

The students who have succeeded in this course;
I. To learn types of traders in derivative markets
II. To understand mechanics of future and forward markets
III. To learn the differences between future and forward contracts
IV. to calculate prices of forward and future contracts
V. To understand mechanics of option markets
VI. To calculate price of option contracts
VII. To learn currency swaps

Course Content

Future markets, forward markets, swaps, option market

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Introduction	To read the related chapter in the text book
2)	Mechanics of Futures Markets	To read the related chapter in the text book
3)	Hedging strategies using futures	To read the related chapter in the text book
4)	Hedging strategies using futures	To read the related chapter in the text book
5)	Interest rates	To read the related chapter in the text book
6)	Midterm I	To read the text book and lecture notes for the exam
7)	Determinants of forward and future prices	To read the related chapter in the text book
8)	Determinants of forward and future prices	To read the related chapter in the text book
9)	Interest rate futures	To read the related chapter in the text book
10)	Swaps	To read the related chapter in the text book
11)	Swaps	To read the related chapter in the text book
12)	Midterm II	To read the text book and lecture notes for the exam
13)	Mechanics of option markets	To read the related chapter in the text book
14)	Valuing stock options	To read the related chapter in the text book

Sources

Course Notes / Textbooks:	Text book: Fundamentals of Futures and Options Markets Author: John Hull Edition: 7th, 2011 Company: Pearson Education Limited
References:	Text book: Fundamentals of Futures and Options Markets Author: John Hull Edition: 7th, 2011 Company: Pearson Education Limited

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Midterms	2	% 60
Final	1	% 40
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	3	42
Study Hours Out of Class	14	2	28
Midterms	2	25	50
Final	1	30	30
Total Workload			150

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)	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	3
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	5
8)	To be able to make decisions both locally and internationally by knowing the effects of globalization on business and social life	5
9)	To have the competencies of the digital age and to use the necessary financial applications	3
10)	To be able to use at least one foreign language both for communication and academic purposes	4
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	4
12)	To develop an objective criticism in business and academic life and having a perspective to self-criticize	4