TÜRKÇE
ENGLISH
Information
| Code | MG1812 |
| Name | Valuation of Securities |
| Term | 2024-2025 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 finance function | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Lists and identifies the theories that will contribute to the development of scientific methods and tools used in finance | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Investigates how to model theorems in finance field and how to associate these models with the the quantitive decision making techniques | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Explains how to interpret the findings as a result of the application of statistical and theoretical models used in financial management methods. | 4 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Creates sufficient knowledge to find a solution to the problems that might arise | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Contributes to the applied business management by following the basic steps of the methods used in finance | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Achieves optimal results using techniques that help to increase the financial efficiency | 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 | Implements new research methods that will contribute to the development of the finance field | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Develops new guidelines for the financial managers’ decision making processes by researching on sub-disciplines of the finance field. | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Designs appropriate financial approaches, applications and methodologies in accordance with the business sector and the market in which they operate | 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, Tartışma, Alıştırma ve Uygulama |
| 2 | Financial Securities | Reading the first chapter of Capital Market Instruments Analysis and valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 3 | Stocks, Stock Valuation and Stock Market Equilibrium | Reading the second chapter of Analysis of Equity Investments:Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 4 | Stocks, Stock Valuation and Stock Market Equilibrium-2 | Reading the second chapter of Analysis of Equity Investments:Valuation book-2 | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 5 | Bonds, Bond Valuation and Interest Rates | Reading the forth chapter of Analysis of Equity Investments:Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 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, Alıştırma ve Uygulama |
| 7 | TIPS, Treasury Strips, and other government bonds | Reading the fifteenth chapter of Fixed Income Securities: Tools for Today s Markets book | Öğretim Yöntemleri: Anlatım, Tartışma, 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, Tartışma, Alıştırma ve Uygulama |
| 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, Tartışma, Alıştırma ve Uygulama |
| 11 | Duration and Bond Portfolios | Reading the thirteen chapter of Managing Credit Risk in Corporate Bond Portfolios book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 12 | Asset Backed Securities | Reading the nineth chapter of Financial Markets and Securities book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 13 | Asset Backed Securities-2 | Reading the nineth chapter of Financial Markets and Securities book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 14 | Active-Passive Portfolio Management Strategies | Reading the twelveth chapter of Capital Market Instruments Analysis and valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 15 | Derivatives and Financial Options | Reading the nineteenth chapter of Bond Markets, Analysis and Strategies book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 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 | ||