TÜRKÇE
ENGLISH
Information
| Code | BUSS410 |
| Name | Capital Markets and Portfolio Management |
| Term | 2023-2024 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 |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. SERKAN YILMAZ KANDIR |
| Course Instructor |
Metin BORAK
(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
None
Resources
Investments, Reilly and Norton, 4th edition 1995, Dryden Press Corporate Finance, Ross, Westerfield, and Jaffe, 9th Edition 2010, McGraw Hill Portfolio Theory and Capital Markets, William F Sharpe, 1970, McGraw Hill Portfolio Construction, Management and Protection, Robert A. Strong, 2006, Thomson Southwestern
Notes
Capital Markets: Institutions and Instruments, Fabozzi, Modigliani, 1996, Prentice Hall Bond Markets, Analysis, And Strategies, Fabozzi, 6th Edition 2006, Prentice Hall
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Be able to recognize both the theoretical and mathematical methods of portfolio management |
| LO02 | Be able to analyze pricing of stocks and bonds |
| LO03 | Recognize portfolio management strategies . |
| LO04 | Construct a portfolio |
| LO05 | Be able to evaluate the performance of the portfolio |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explaining business concepts and their interrelationships | 4 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explaining the basic theoretical models, numerical and statistical methods of business management | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explaining the relationship between basic economics concepts and business management concepts | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Explaining how to apply theoretical, numerical and statistical methods used in business management | 5 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Explaining how to interpret the results obtained as a result of the creation/application of theoretical, numerical and statistical methods used in business management | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Applying business management methods by following the basic steps | 4 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Determine appropriate methods to solve business problems | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Evaluate the results that are obtained from applications of business management methods. | 4 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Use basic numerical and statistical softwares. | 2 |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use basic enterprise resource planning (ERP) softwares | |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Working effectively individually and/or in a team | 2 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, constantly renewing itself by following the current developments in the field. | 4 |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Presenting information effectively in an unfamiliar field by using different sources within the framework of academic rules. | 5 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the prerequisities of academic and business context | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Accurately express the obtained information and comments verbally and in writing | 3 |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Applying new working methods when deemed necessary by questioning traditional approaches, practices and methods | 1 |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Acting in accordance with social, scientific and professional ethical values from an entrepreneurial perspective | 4 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Determining the most appropriate business management approaches, practices and methods by considering the sector, size, resources, culture, goals and objectives of the enterprises. | 5 |
| PLO19 | Yetkinlikler - Alana Özgü Yetkinlik | Interpreting the effects of external environmental factors such as sector structure, competition, technology, economy, politics, culture, which affect the activities of businesses, on businesses. | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to Capital Markets and Economic Developments | Investments (Reilly,Norton) chp.1 | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | Measures of Risk and Return | Investments (Reilly,Norton) chp.1 | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 3 | Valuation of Fixed Income Securities-1 | Investments (Reilly,Norton) chp.10 pg.242-248 | Öğretim Yöntemleri: Anlatım, Tartışma |
| 4 | Valuation of Fixed Income Securities-2 | Investments (Reilly,Norton) chp.10 p.248-252 | Öğretim Yöntemleri: Alıştırma ve Uygulama, Problem Çözme |
| 5 | Valuation of Stocks-1 | Investments (Reilly,Norton) chp.10 p.252-258 | Öğretim Yöntemleri: Anlatım, Beyin Fırtınası |
| 6 | Valuation of Stocks-2 | Investments (Reilly,Norton) chp.10 p.258-262 | Öğretim Yöntemleri: Alıştırma ve Uygulama, Problem Çözme |
| 7 | Introduction to Portfolio Management; Concept of Efficient Frontier, Utility and Short Sale | Investments (Reilly,Norton) chp.6 p.146-165 | Öğretim Yöntemleri: Anlatım, Beyin Fırtınası |
| 8 | Mid-Term Exam | Sınava hazırlık | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Introduction to Portfolio Management; Concept of Efficient Frontier, Utility and Short Sale-2 | Investments (Reilly,Norton) chp.6 p.146-165 | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 10 | Capital Asset Pricing Theory | Investments (Reilly,Norton) chp.7 p.165-179 | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 11 | Arbitrage Pricing Theory and Multifactor Asset Pricing Models | Investments (Reilly,Norton) chp.7 p.179-185 | Öğretim Yöntemleri: Anlatım, Beyin Fırtınası |
| 12 | Portfolio Management Strategies | Investments (Reilly,Norton) chp.15 p.388-416 | Öğretim Yöntemleri: Anlatım, Beyin Fırtınası |
| 13 | Evaluation of Portfolio Performance | Investments (Reilly,Norton) chp.23 p.577-596 | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 14 | International Portfolio Management | Lecturer's Own Course Notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 15 | Overview of the subjects | Investment revise | Öğretim Yöntemleri: Alıştırma ve Uygulama, Problem Çözme |
| 16 | Term Exams | Preparation for the exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Preparation for the exam | 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 | ||