| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İŞL409.6B2 | Capital Markets Institutions | Elective | 4 | 7 | 5 |
|
| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| This course aims to introduce specifically Turkish capital markets to expand students’ awareness and understanding of the financial markets, products offered and the interplay of macroeconomics on asset market movements. Through classroom discussions the student’s acquaintance with policy issues affecting development of securities markets is achieved. The topics discussed familiarize the students with the role of participants and the legal, regulatory framework affecting the developments in the Turkish capital market. |
| Name of Lecturer(s) |
| Dr. Öğr. Üyesi Eşref KULOĞLU |
| Learning Outcomes |
| 1 | To be able to explain the issues concerning the development of financial and capital markets in Turkey. | | 2 | To be able to identify the institutional players and their role in the development of capital markets in Turkey. | | 3 | To be able to interpret the role of regulatory bodies (mainly CMB- Capital Market Board of Turkey- in the development of Turkish capital markets | | 4 | To be able to identify Turkish capital market instruments | | 5 | To be able to describe and analyze the structure of the Istanbul Stock Exchange |
|
| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| Turkish capital market and the role of participants, legal and regulatory framework, primary and secondary markets and trading mechanics, case studies. |
| Weekly Detailed Course Contents |
|
| 1 | Markets | | | | 2 | Turkish Financial System | | | | 3 | Main Features of Turkish Financial Markets | | | | 4 | Analysis of Turkish Capital Markets | | | | 5 | Capital Market Institutions | | | | 6 | Capital Market Instruments | | | | 7 | Capital Markets Board of Turkey (CMB) | | | | 8 | Self- Regulatory Organizations (SRO’s), Exchanges, Post-Trade Organizations | | | | 9 | Mid-Term Exam | | | | 10 | Three Functions of the CMB: Regulation, Oversight and Supervision (Enforcement) | | | | 11 | International Capital Market | | | | 12 | A Case-study on a Publicly-traded Bank in Turkey | | | | 13 | Initial Public Offerings (IPO’s) in Turkey | | | | 14 | Istanbul Stock Exchange | | | | 15 | General Review | | | | 16 | Final exam | | |
|
| Recommended or Required Reading |
| Korkmaz, T, Ceylan, A. 2017, Sermaye Piyasası- Temel Konular, Ekin Basım Yayın
Fabozzi, Frank J.; Franco Modigliani, Capital Markets: Institutions and Instruments, 4th Edition, USA, Prentice Hall, 2009. |
| Planned Learning Activities and Teaching Methods |
|
| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
|
| Workload Calculation |
|
| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 2 | 2 |
| Attending Lectures | 14 | 4 | 56 |
| Individual Study for Mid term Examination | 1 | 24 | 24 |
| Individual Study for Final Examination | 1 | 25 | 25 |
| Homework | 14 | 3 | 42 |
|
| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 2 | 1 | 2 | | LO2 | 3 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 1 | 4 | | LO3 | 4 | 3 | 3 | 2 | 2 | 4 | 3 | 1 | 2 | 2 | | LO4 | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 3 | | LO5 | 3 | 3 | 2 | 1 | 4 | 3 | 1 | 3 | 2 | 2 |
|
| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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