TÜRKÇE
ENGLISH
Information
| Code | MG1812 |
| Name | Valuation of Securities |
| Term | 2023-2024 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 10 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. YILDIRIM BEYAZIT ÖNAL |
| Course Instructor |
1 |
Course Goal / Objective
The overall objective of this course is to help learning about various analysis and valuation techniques used by investors, investment bankers, mutual fund managers, and others concerned with valuing the debt or equity of small, medium and large public and private companies.
Course Content
In this course capital markets, BIST's position in financial markets and the valuation of financial instruments such as bonds and equities will be discussed.
Course Precondition
None
Resources
1.Finansal Pazarlar Finansal Kurumlar ve Sermaye Pazarı Analizleri, S.Canbaş ve H.Doğukanlı 2.Yatırım Analizi ve Portföy Yönetimi, M. B. Karan 3.Sermaye Piyasası ve Menkul Değer Analizi, Ali Ceylan ve Turhan Korkmaz 4. Capital Market Instruments Analysis and valuation, Moorad Choudhry, Didier Joannas, Richard Pereira and Rod Pienaar, Palgrave Macmillan, Second edition, 2005 5.Bond Markets, Analysis and Strategies, Frank J. Fabozzi, Fourth Edition, Prentice Hall International, 2000
Notes
Analysis of Equity Investments: Valuation, John D. Stowe, Thomas R.Robinson, Jerald E. Pinto, Dennis W. Mc. Leavey, AIMR Publications, 2002
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Has a general knowledge about how the financial markets work |
| LO02 | Identifies financial securities and financial tools |
| LO03 | Finds out about the evaluation process of securities |
| LO04 | Recognizes diffrent portfolio management strategies |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains the basic theoretical models for business field | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Lists and identifies the theories that will contribute to the development of scientific methods and tools used in business | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Has an understanding of the legal and ethical issues faced by the Business profession | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Explains how to interpret the findings as a result of models used in business methods. | 4 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Creates sufficient knowledge to find a solution to the problems met by business | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Contributes to business by following the basic steps of the methods used in business | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Apply the application of business management methods. | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Encourages taking responsibility, claiming the lead and working effectively in a team and / or individually. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Keeps track of the latest developments in the field as a recognition of the need for lifelong learning and constant renewal | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Utilizes scientific sources in the field, collect the data, synthesizes the obtained information and presents the outcomes effectively | 4 |
| PLO11 | 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 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Develops and implements new research methods that will contribute to the development of the business field | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Develops new guidelines for the business managers’ decision making processes by researching on sub-disciplines of the business field. | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Forms the basis for the decision-making process by researching on the science of business field | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | An overview of the Financial Enviroment | Reading the first chapter of Capital Market Instruments Analysis and valuation book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Financial Securities | Reading the first chapter of Capital Market Instruments Analysis and valuation book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Stocks, Stock Valuation and Stock Market Equilibrium | Reading the second chapter of Analysis of Equity Investments:Valuation book | Öğretim Yöntemleri: Alıştırma ve Uygulama, Tartışma, Anlatım |
| 4 | Stocks, Stock Valuation and Stock Market Equilibrium-2 | Reading the second chapter of Analysis of Equity Investments:Valuation book-2 | Öğretim Yöntemleri: Soru-Cevap, Anlatım, Tartışma |
| 5 | Bonds, Bond Valuation and Interest Rates | Reading the forth chapter of Analysis of Equity Investments:Valuation book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Bond Yields and Term Structure of Interest Rates | Reading the first chapter of Capital Market Instruments Analysis and valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Soru-Cevap |
| 7 | TIPS, Treasury Strips, and other government bonds | Reading the fifteenth chapter of Fixed Income Securities: Tools for Today s Markets book | Öğretim Yöntemleri: Soru-Cevap, Anlatım, Alıştırma ve Uygulama |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | TIPS, Treasury Strips, and other government bonds-2 | Reading the fifteenth chapter of Fixed Income Securities: Tools for Today s Markets book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 10 | The real risk free rate and Risk Premiums | Reading the third chapter of Managing Credit Risk in Corporate Bond Portfolios book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Duration and Bond Portfolios | Reading the thirteen chapter of Managing Credit Risk in Corporate Bond Portfolios book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Asset Backed Securities | Finansal Pazarlar kitabının 9.bölüm syf.460-466'nın okunması, Yatırım Analizi ve Portföy kitabının 14. bölümünün okunması | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Asset Backed Securities-2 | Reading the nineth chapter of Financial Markets and Securities book | Öğretim Yöntemleri: Gösteri, Tartışma, Soru-Cevap |
| 14 | Active-Passive Portfolio Management Strategies | Reading the twelveth chapter of Capital Market Instruments Analysis and valuation book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | Derivatives and Financial Options | Reading the nineteenth chapter of Bond Markets, Analysis and Strategies book | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 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 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 12 | 168 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 1 | 2 | 2 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 262 | ||
| Total Workload / 25 (h) | 10,48 | ||
| ECTS | 10 ECTS | ||