TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| BUSINESS ADMINISTRATION PR. (ENGLISH) | |
| Code | BUSS410 |
| Name | Capital Markets and Portfolio Management |
| Term | 2017-2018 Academic Year |
| Semester | 8. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. SERKAN YILMAZ KANDIR |
| Course Instructor |
Doç. Dr. EMRAH ARIOĞLU
(Bahar)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The general purpose of the course is to undertand the pricing of financial instruments in the capital markets and to study the optimal construction of portfolios, emphasizing the trade-off between risk and return in great detail.
Course Content
In this course the prices of financial instruments, portfolio management and the evaluation of portfolio performances will be discussed
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explain the structure and functioning of capital markets. |
| LO02 | dentify and compare the features of various financial instruments such as stocks, bonds, and derivatives. |
| LO03 | Analyze the concepts of risk and return and apply them in investment decisions. |
| LO04 | Apply modern portfolio theory and asset diversification strategies. |
| LO05 | Measure and evaluate the performance of investment portfolios. |
| LO06 | Analyze financial assets using security valuation techniques. |
| LO07 | Relate Efficient Market Hypothesis and behavioral finance concepts to investment decision-making. |
| LO08 | Follow and analyze current developments and trends in capital markets. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | 5 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | 5 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to Capital Markets and Economic Developments | Investments (Reilly,Norton) chp.1 | |
| 2 | Measures of Risk and Return | Investments (Reilly,Norton) chp.1 | |
| 3 | Valuation of Fixed Income Securities-1 | Investments (Reilly,Norton) chp.10 pg.242-248 | |
| 4 | Valuation of Fixed Income Securities-2 | Investments (Reilly,Norton) chp.10 p.248-252 | |
| 5 | Valuation of Stocks-1 | Investments (Reilly,Norton) chp.10 p.252-258 | |
| 6 | Valuation of Stocks-2 | Investments (Reilly,Norton) chp.10 p.258-262 | |
| 7 | Introduction to Portfolio Management; Concept of Efficient Frontier, Utility and Short Sale | Investments (Reilly,Norton) chp.6 p.146-165 | |
| 8 | Midterm exam | Sınava hazırlık | |
| 9 | Introduction to Portfolio Management; Concept of Efficient Frontier, Utility and Short Sale | Investments (Reilly,Norton) chp.6 p.146-165 | |
| 10 | Capital Asset Pricing Theory | Investments (Reilly,Norton) chp.7 p.165-179 | |
| 11 | Arbitrage Pricing Theory and Multifactor Asset Pricing Models | Investments (Reilly,Norton) chp.7 p.179-185 | |
| 12 | Portfolio Management Strategies | Investments (Reilly,Norton) chp.15 p.388-416 | |
| 13 | Evaluation of Portfolio Performance | Investments (Reilly,Norton) chp.23 p.577-596 | |
| 14 | International Portfolio Management | Lecturer's Own Course Notes | |
| 15 | Overview of the subjects | Investment revise | |
| 16 | Final Exams | Preparation for the exam | |
| 17 | Final Exams | Preparation for the exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 1 | 20 | 20 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 20 | 20 |
| Final Exam | 1 | 20 | 20 |
| Total Workload (Hour) | 144 | ||
| Total Workload / 25 (h) | 5,76 | ||
| ECTS | 6 ECTS | ||