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Information
| Code | EMG12705 |
| Name | Portfolio Management |
| Term | 2024-2025 Academic Year |
| Semester | . Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Uzaktan Öğretim |
| Catalog Information Coordinator | Prof. Dr. SERKAN YILMAZ KANDIR |
Course Goal / Objective
The main objective of this course is to introduce financial instruments, as well as teaching about creating a portfolio in order to help the students to become a portfolio manager in the future.
Course Content
The concept of portfolio, portfolio theory and the statistical infrastructure related to the subject
Course Precondition
None
Resources
1.Yatırım Analizi ve Portföy Yönetimi, Mehmet Baha Karan 2.Borsada Uygulamalı Portföy Yönetimi, Ali Ceylan, Turan Korkmaz 3.Sermaye Piyasası, Menkul Kıymetler ve Portföy Analizi, Mehmet Bolak 4.Modern Portfolio Theory and Investment Analysis, Elton ve Gruber. 5.Portfolio Management, James L. Farrel.
Notes
1.Ekonomi ve finans alanındaki günlük gazeteler, haftalık ve aylık dergiler 2.Ekonomi ve Finans alanındaki web siteleri
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Defines the portfolio concept |
| LO02 | Explains the traditional portfolio theory |
| LO03 | Calculates the risk and the expected return of a portfolio |
| LO04 | Calculates the return by using CAPM |
| LO05 | Explains the single and multiple index models. |
| LO06 | Explains the rules of arbitrage theory |
| LO07 | Evaluates the performance of a portfolio by using various criteria |
| LO08 | Distinguishes the differences between active and passive portfolio management |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Defines the basic theoretical models and numerical methods of finance function and describes the intended use. Indicates each model´s weak and strong aspects. | 4 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Analyses strategic and operational plans for financial companies, and creates sufficient knowledge to find solutions to the problems that might arise. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains how to create theoretical models to be used in financial management and how to apply quantitative and statistical methods. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Teaches how to interpret the findings obtained by the application of theoretical models, quantitative and statistical methods used in financial management. | 4 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Determines the appropriate methods to solve the problems encountered in business. | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Enables financial organizations to reach the most appropriate conclusion with an accurate analysis of the basic financial statements. | 4 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Encourages to take responsibility individually and/or in a team, to lead and to work effectively. | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Is aware of the need for lifelong learning, keeps track of the latest developments in the field and constantly develops professional knowledge and skills . | 5 |
| PLO09 | Bilgi - Kuramsal, Olgusal | Teaches to exploit different sources in a new field in accordance with academic rules, to synthesize and effectively present the information obtained. | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Demonstrates an awareness of lifelong learning. | 5 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Questions the ways of traditional methods and if it´s needed develops and implements new approaches. | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Has a good command of Turkish, as well as at least one another foreign language in accordance with the requirements of academic and work life. | 4 |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Taking the goals and objectives of the banking sector, its size, resources and culture into account, determines the most appropriate approach to financial management . | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Having a comprehensive knowledge about Capital Markets, it´s tools and institutions, such as BIST and the World Stock Exchanges and utilizes the best ways in the field. | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Understanding the concept of portfolio management | Reading the first chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | Learning about the statistical infrastructure of portfolio concept | Reading the second chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 3 | Learning Markowitz theory, which is the basis of portfolio theories, and statistical computing of framework of this theory | Reading the 5th chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Calculating the expected return and the risk of a single asset of a portfolio | Reading the 6th chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Defining the concepts of optimum portfolio, utility and effective border | Reading the 7th chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Beyin Fırtınası |
| 6 | Assumptions of Capital Assets Pricing Model, Risk Free Rate, Capital Market Line, Security Line, Market Risk Premium | Beta calculations | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Beyin Fırtınası |
| 7 | Pricing Equity with CAPM and estimating return with characteristic line | Reading the 8th chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Alıştırma ve Uygulama |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Learning about Single Index Models | Reading the 9th chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Alıştırma ve Uygulama |
| 10 | Arbitrage Pricing Model and Mutli Index Model | Reading the 22nd chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 11 | Assesment Portfolio Performance; Treynor, Sharpe and Jensen Performance Criterion | Reading the 18th chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 12 | Active-Passive Portfolio Management | Reading the 18th chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Alıştırma ve Uygulama |
| 13 | International Diversification | Reading the 12th chapter of investment and portfolio analysis book | Öğretim Yöntemleri: Soru-Cevap, Anlatım, Tartışma, Alıştırma ve Uygulama |
| 14 | Portfolio Presentation | Portfolio Presentation | Öğretim Yöntemleri: Soru-Cevap |
| 15 | Portfolio Presentation-2 | Portfolio Presentation | Öğretim Yöntemleri: Soru-Cevap |
| 16 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
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 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||