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Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| BANKING AND FINANCE (MASTER) (WITHOUT THESIS) (DISTANCE EDUCATION) | |
| Code | EMG12705 |
| Name | Portfolio Management |
| Term | 2018-2019 Academic Year |
| Term | Spring |
| 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 | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. SERKAN YILMAZ KANDIR |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
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
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Defines the portfolio concept |
| LO02 | Knows about traditional portfolio theory |
| LO03 | Calculates the risk and the expected return of a portfolio |
| LO04 | Calculates the return by using CAPM |
| LO05 | Explaning 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 |
| LO09 | Diversifies a portfolio by using international instruments |
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 | |
| 2 | Learning about the statistical infrastructure of portfolio concept | Reading the second chapter of investment and portfolio analysis book | |
| 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 | |
| 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 | |
| 5 | Defining the concepts of optimum portfolio, utility and effective border | Reading the 7th chapter of investment and portfolio analysis book | |
| 6 | Assumptions of Capital Assets Pricing Model, Risk Free Rate, Capital Market Line, Security Line, Market Risk Premium | Beta calculations | |
| 7 | Pricing Equity with CAPM and estimating return with characteristic line | Reading the 8th chapter of investment and portfolio analysis book | |
| 8 | Mid-Term Exam | ||
| 9 | Learning about Single Index Models | Reading the 9th chapter of investment and portfolio analysis book | |
| 10 | Arbitrage Pricing Model and Mutli Index Model | Reading the 22nd chapter of investment and portfolio analysis book | |
| 11 | Assesment Portfolio Performance; Treynor, Sharpe and Jensen Performance Criterion | Reading the 18th chapter of investment and portfolio analysis book | |
| 12 | Active-Passive Portfolio Management | Reading the 18th chapter of investment and portfolio analysis book | |
| 13 | International Diversification | Reading the 12th chapter of investment and portfolio analysis book | |
| 14 | Portfolio Presentation | Portfolio Presentation | |
| 15 | Portfolio Presentation | Portfolio Presentation | |
| 16 | Term Exams | ||
| 17 | Term Exams |
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 | ||