| ECONOMICS | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| IF4420 | Mergers and Acquisitions | Fall | 3 | 0 | 3 | 9 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
| Language of instruction: | English |
| Type of course: | Non-Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Assist. Prof. BAHAR KÖSEOĞLU |
| Course Lecturer(s): |
Assoc. Prof. UMUT UĞURLU |
| Recommended Optional Program Components: | None |
| Course Objectives: | The course is divided into two discrete sections: (1) developing an in-depth understanding of how and when to apply the appropriate tools and skills to successfully complete an M&A transaction and (2) the application of what has been learned to solving “real” world M&A problems. All major elements of the acquisition process will be discussed in the context of a logical process. |
|
The students who have succeeded in this course; The student who have succeeded in this course; I. will have a thorough knowledge of the value drivers of a company II. will be able to assess a company within the context of its competitive advantage and the industry it operates in III. will learn the process of M&A of a company IV. will know the difference of the M&A process from the buyer or seller perspectives V. will be able to do basic company valuation VI. have an insight to the participants of the M&A process, negotiation process and the legal documents involved in M&A process. |
| Valuation, valuation techniques, M&A process, Negotiations Teaching methods of the course are “Lecture, Individual Study, Reading, Problem Solving, Case Study, Discussion, Project Preparation” |
| Week | Subject | Related Preparation |
| 1) | Course Overview | |
| 2) | Introduction to M&A | |
| 3) | The M&A Process | |
| 4) | Firm Valuation: Risk Premiums, Cost of Debt and Equity, WACC | |
| 5) | Firm Valuation: Estimating Cash Flows and Growth Rates | |
| 6) | Firm Valuation: Free Cash Flow to Equity & Free Cash Flow to Firm Discount Models | |
| 7) | Valuation in Mergers & Acquisitons | |
| 8) | Valuation in Mergers & Acquisitons | |
| 9) | Deal Structuring | |
| 10) | Private Equity & Leveraged Buyouts | |
| 11) | The Corporate Takeover Market | |
| 12) | Presentations | |
| 13) | Presentations | |
| 14) | Presentations |
| Course Notes / Textbooks: | Mergers, Acquisitions and Other Restructuring Activities (DePamphilis, D. M., 10th ed., Elsevier/Academic Press, 2019, ISBN: 9780128150757) Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Damodaran, A., 3rd ed., Wiley, 2012, ISBN: 9781118011522) |
| References: | Mergers, Acquisitions and Other Restructuring Activities (DePamphilis, D. M., 10th ed., Elsevier/Academic Press, 2019, ISBN: 9780128150757) Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Damodaran, A., 3rd ed., Wiley, 2012, ISBN: 9781118011522) |
| Semester Requirements | Number of Activities | Level of Contribution |
| Project | 1 | % 45 |
| Final | 1 | % 55 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 0 | |
| PERCENTAGE OF FINAL WORK | % 100 | |
| Total | % 100 | |
| Activities | Number of Activities | Duration (Hours) | Workload |
| Course Hours | 13 | 3 | 39 |
| Study Hours Out of Class | 14 | 12 | 168 |
| Project | 2 | 9 | 18 |
| Final | 1 | 2 | 2 |
| Total Workload | 227 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | As a world citizen, she is aware of global economic, political, social and ecological developments and trends. | 2 |
| 2) | He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. | 2 |
| 3) | Absorbs basic economic principles and analysis methods and uses them to evaluate daily events. | 2 |
| 4) | Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders. | 2 |
| 5) | Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions. | 1 |
| 6) | Comprehends new ways of doing business using digital technologies. and new market structures. | 2 |
| 7) | Takes critical approach to economic and social problems and develops analytical solutions. | 1 |
| 8) | Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. | 2 |
| 9) | In the works he/she contributes, observes individual and social welfare together and with an ethical perspective. | 2 |
| 10) | Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines. | 1 |
| 11) | Generates original and innovative ideas in the works she/he contributes as part of a team. | 2 |