| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İŞ172A | Finansal Teknikler | Elective | 1 | 2 | 6 |
|
| Level of Course Unit |
| Second Cycle |
| Objectives of the Course |
| Students gain a thorough understanding of options, futures, and other financial instruments. Skills are developed in basic pricing analysis, use of pricing models, and trading and hedging strategies. Students are first introduced to the basic techniques for pricing, hedging, and other analysis. Next, these techniques will be applied through an introduction of hedging strategies. The end goal is to develop skills which the students can apply in derivative markets. |
| Name of Lecturer(s) |
| Dr. Öğr. Üyesi Eşref KULOĞLU |
| Learning Outcomes |
| 1 | be familiar with most of the products that they are likely to encounter in financial markets and compare them. | | 2 | have good knowledge of how derivative products work and how they are used | | 3 | explain how derivative instruments are priced and derive some important general results on the relationship between forward and spot prices | | 4 | have a knowledge of how financial institutions hedge their risks when they trade these products. | | 5 | implement strategies formed by derivative instruments in their future career. |
|
| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| This course examines the purpose and function of derivative markets and instruments, the evolution and future of derivative markets, market participants, exchange traded versus overthecounter markets (OTC), the suite of exchange traded products, selected OTC products, derivative pricing, risk management with derivatives, trading, arbitrage and speculation with derivatives, the use of derivatives in alternative investing. The course will incorporate theory, practice, and experiential learning and will include team projects. |
| Weekly Detailed Course Contents |
|
| 1 | Introduction to derivatives | | | | 2 | History of Derivatives | | | | 3 | Risk Concept | | | | 4 | Mechanics of Futures Markets | | | | 5 | Mechanics of Futures Markets and Hedging Strategies using Futures | | | | 6 | Determination of Forward and Futures | | | | 7 | Determination of Forward and Futures Prices | | | | 8 | Swaps | | | | 9 | Mid-term Exam | | | | 10 | Securitization and the Credit Crisis of 2007 | | | | 11 | Mechanics of Options | | | | 12 | Trading Strategies Involving Options | | | | 13 | Properties of Stock Options | | | | 14 | BIST Stock Exchange Derivatives Market | | | | 15 | General Review | | | | 16 | Final Exam | | |
|
| Recommended or Required Reading |
| Hull, John C. Options, Futures, and Other Derivatives, 8th Edition, Pearson, 2012
Fundamentals of Futures and Options Markets, John C. Hull, 2011, Pearson |
| Planned Learning Activities and Teaching Methods |
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| 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 | 1 | 1 |
| Attending Lectures | 14 | 4 | 56 |
| Case Study | 9 | 1 | 9 |
| Self Study | 14 | 4 | 56 |
| Individual Study for Mid term Examination | 1 | 24 | 24 |
| Individual Study for Final Examination | 1 | 30 | 30 |
|
| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 4 | 2 | 3 | 4 | 4 | 1 | | LO2 | 2 | 1 | 3 | 2 | 1 | 3 | | LO3 | 3 | 5 | 4 | 3 | 2 | 2 | | LO4 | 3 | 3 | 1 | 4 | 3 | 3 | | LO5 | 4 | 2 | 5 | 1 | 4 | 2 |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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