The aim of this course is to inform students about the basic functions and structure of capital markets. Main functions and duties of the institutions in the Turkish capital market will be examined, capital market activities will be discussed in detail and processes in the sector will be introduced. The rights, risks and the markets traded will be defined according investment instruments.
Prerequisite(s)
None
Corequisite(s)
None
Special Requisite(s)
None
Instructor(s)
Lecturer Dr. Didem Kayalıdereden, Arş. Gör. Pınar Sarp
Course Assistant(s)
Schedule
Wednesday, 09.00-11.00, sessions will be held at campus in B301
Office Hour(s)
request appointment via email d.kayalidereden@iku.edu.tr
Teaching Methods and Techniques
-Lectrure, Discussion
Principle Sources
- Fabozzi, F. / Modigliani, F. / Jones, F. / Ferri, M., Foundations of Financial Markets & Institutions, Prentice Hall - Sarıkamış Cevat, Sermaye Pazarları, Alfa Yayınları
- Konuralp Gürel, Sermaye Piyasaları, Alfa Yayınları
- Ceylan, Ali, Sermaye Piyasası ve Menkul Değer Analizi, Ekin Yayınları
- İMKB Sermaye Piyasası ve Borsa Temel Bilgiler Kılavuzu, İMKB Yayınları
-Ataman Ümit, Hisse Senedinin Gerçek Değerinin Hesaplanması, Türkmen Yayınevi
Other Sources
-
Course Schedules
Week
Contents
Learning Methods
1. Week
Definition and features of markets, Components of financial markets, Factors which effect the development of capital markets, History of the capital markets in world and in Turkey
Lecture, class discussion
2. Week
Capital market legal framework in Turkey: Scope of the Capital Market Law, New concepts and regulations introduced by law
Lecture, class discussion
3. Week
Capital Market Institutions; Capital Markets Board, Settlement and Custody Bank Inc.-Takasbank, Central Securities Depository
Lecture, case discussion
4. Week
Capital Market Institutions; Intermediary Institutions, Investment Firms
Lecture, class discussion
5. Week
Capital Market Institutions; Collective Investment Schemes (Investment Funds and Investment Companies), Portfolio Management Companies
Lecture, case discussion
6. Week
Capital Market Institutions: Independent Audit Firms, Rating Agencies and Appraisal Firms, Housing and Asset Finance and Mortgage Finance Corporations, Asset Leasing Companies, Trade Repositories
Lecture, class discussion
7. Week
Sales of Capital Market Instruments, Public offering, Methods and processes in public offering sales
Lecture, case study
8. Week
Midterm
Exam
9. Week
Midterm
Exam
10. Week
Investment Services and Activities: Intermediation in trading transactions, Individual portfolio management, Investment advisory, Custody services, Intermediation for public offering, Ancillary services
Lecture, case discussion
11. Week
Borsa İstanbul A.Ş. (Securities Exchange): Field of activity, Structure, Markets of Borsa İstanbul (Equity Market, Debt Securities Market, Derivatives Market, Precious Metals and Diamond Markets)
Products Traded in Borsa İstanbul A.Ş. (Securities Exchange): Exchange traded funds (ETFs), Warrants, Real Estate Certificates, Lease Certificate, Futures and Options
Lecture, case discussion
14. Week
Insider Trading or Manipulation Crimes, Market Abuse
Lecture, case discussion
15. Week
Final Exam
-
16. Week
Final Exam
-
17. Week
Final Exam
-
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
30
Quizzes
1
10
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
Describes the structure, objectives and functions of capital markets
LO-2
Recognizes the legal framework and sectoral structure of Capital Markets in Turkey
LO-3
Sorts the institutions operating in the capital markets according to their structure, duties and functions
LO-4
Sorts the sale and public offering methods/processes of the Capital Market instruments, which are an important tool for enterprises in terms of meeting the fund requirements and institutionalization
LO-5
Differentiates investment services and activities on the basis of content, process and authorized institutions
LO-6
Explains markets, instruments traded and the trading rules in Borsa İstanbul (Securities Exchange)
LO-7
Explains the Capital Market Crimes defined in parallel with the EU Integration process
