To be able to provide an infrastructure in terms of capital markets and institutions, to determine the prices of financial assets and to have a knowledge regarding stock and bond valuation models
Prerequisite(s)
None
Corequisite(s)
None
Special Requisite(s)
None
Instructor(s)
Course Assistant(s)
None
Schedule
Thursday, 13:00-14:50 A- 604
Office Hour(s)
Friday,10:00-11.00, Basın Ekspres campus, B block, floor.6, room.6
Teaching Methods and Techniques
The course is managed through verbal lecture, theory, mathematical calculations and discussions. Mathematical problems are delivered to students as word format during the lecture and detail solvings are carried out during course period.
Principle Sources
- Fabozzi, F. / Modigliani, F. / Jones, F. / Ferri, M., Foundations of Financial Markets & Institutions, Prentice Hall - Sarıkamış Cevat, "Sermaye Pazarları" (Capital Markets), Alfa Editions
- Konuralp Gürel, "Sermaye Piyasaları" (Capital Markets), Alfa Editions
- Ceylan, Ali, Sermaye Piyasası ve Menkul Değer Analizi, Ekin Editions
- "İMKB Sermaye Piyasası ve Borsa Temel Bilgiler Kılavuzu" (ISE Capital Markets and Stock Exchange Guide), ISE Publications
Other Sources
-
Course Schedules
Week
Contents
Learning Methods
1. Week
Financial assets, Financial markets, Capital Market Instruments
Verbal Expression and ppt Demonstration
2. Week
Novelties of Turkish Capital Markets, Capital Markets Law, Developments in line with the EU Adjustment Period
Verbal Expression and ppt Demonstration
3. Week
Measurement of risk and return on Security Investments
Verbal Expression and Mathematical Calculations
4. Week
Calculation of Holding Period Reurn (HPR)
Verbal Expression and Mathematical Calculations
5. Week
Calculation of Expected Risk and Return
Verbal Expression and Mathematical Calculations
6. Week
Time Value of Money (Present and Future Values)
Verbal Expression, ppt Demonstration and Mathematical Calculations
7. Week
Midterm
Exam
8. Week
Stages of Fundamental Analysis (Economic, Industrial and Company Analyses), Indicatiors of Technical Analysis
Verbal Expression and ppt Demonstration
9. Week
Dow Theory and Efficient Market Hypothesis
Verbal Expression and ppt Demonstration
10. Week
Stock valuation methods (DCF: Gordon Model)
Verbal Expression, ppt Demonstration and Mathematical Calculations
11. Week
Valuation by considering holding period
Verbal Expression, ppt Demonstration and Mathematical Calculations
12. Week
Valuation by considering Market Multipliers
Verbal Expression, ppt Demonstration and Mathematical Calculations
13. Week
Problems based on Price/Earnings Ration, Market Value/Book Value Ratio
Verbal Expression, ppt Demonstration and Mathematical Calculations
14. Week
Bond Valuation
Verbal Expression, ppt Demonstration and Mathematical Calculations
15. Week
Final Exam
Final Exam
16. Week
Final Exam
Final Exam
17. Week
Final Exam
Final Exam
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
40
Final Exam
1
60
Program Outcomes
PO-1
Demonstrates a basic level of understanding in related disciplines (such as economics, sociology, psychology, quantitative sciences, etc.) that form a foundation for business administration, and makes use of and applies them to the field of business.
PO-2
Applies mathematical, scientific and social knowledge to business problems.
PO-3
Demonstrates a basic level of understanding in business functions and management (such as management, production, marketing, accounting, finance, human resources, behavioural sciences, etc.) and interprets the theoretical arguments focusing on interactions between the actors and the cultures in the field.
PO-4
Determines how to use acquired theoretical and practical knowledge and skills related to business in application and field analysis and applies them.
PO-5
Identifies and evaluates the relations in the field of business; describes the problems and presents analytical solutions through modelling and interpreting (critical thinking).
PO-6
Designs a business process in any functional stage that complies with identified objectives.
PO-7
Develops effective business communication skills (written-verbal/formal-informal).
PO-8
Owns effective working skills individually or on a team in business and multidisciplinary fields.
PO-9
Acts with a sense of professional and ethical responsibility.
PO-10
Improves effective verbal and written communication skills in Turkish, and acquires competence in minimum one foreign language.
Learning Outcomes
LO-1
LO.1: To be able to define finanlcial markets and their subsets
LO-2
LO.2: To be able to understand the location of capital markets as subset of financial markets and explain their functions
LO-3
LO.3: To be able to perceive Turkey’s integration to the EU in the context of capital markets
LO-4
LO.4: To be able to define and calculate securities’ historical risk / return
LO-5
LO.5: To be able to determine expected risk / return
LO-6
LO.6: To be able to understand “Time Value of Money” and its impact on investment decisions
LO-7
LO.7: To be able to determine “Fundamental Analysis” and its impact on investment decisions
LO-8
LO.8: To be able to perceive “Dow Theory” and understand “Technical Analysis”
LO-9
LO.9: To be able to understand “Efficient Market Hypothesis” and the position of the ISE
LO-10
LO.10: To be able to define stock valuation by Gordon Model
LO-11
LO.11: To be able to calculate stock valuation by market multipliers
