To teach derivatives that are financial risk protection elements.
Course Content
This course contains; Futures Markets -Spot Markets,Risk Management and Futures Markets,Development of Futures Markets in Risk Management,Futures Market Functions,Basic Strategies in Derivatives Market,Forward Contracts,Futures Contracts,Option Market: Basic Concepts-Option Pricing,Option Strategies,Advanced Option Strategies I,Advanced Option Strategies II,Swap Agreements and Methods,The Development and Functioning of Futures Market in Turkey,The Current Situation of the Future Markets in the World.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Evaluates derivate markets.
16, 9
A, E
1.1. Explains the basic function of futures markets.
16, 9
A, E
1.2. Explains the differences between futures markets and spot markets.
16, 9
A, E
1.3. Explains over the counter and organize markets of the derivatives
16, 9
A, E
2. Analyses option strategies.
16, 9
A, E
2.1. explains option strategies.
16, 9
A, E
2.2. Interprets on which strategy to use.
16, 9
A, E
3. İnterprets financial risk and hedging transactions in futures markets.
16, 9
A, E
3.1. Explains the elements of futures contracts.
16, 9
A, E
3.2. Interprets hedging transactions with futures contracts.
16, 9
A, E
3.3. Explains the role of futures markets in protecting financial risks.
16, 9
A, E
4. Compares the derivatives used in risk management.
16, 9
A, E
4.1. Explains forwards contracts.
16, 9
A, E
4.2. Explains Futures contracts.
16, 9
A, E
4.3. Explains Options contracts.
16, 9
A, E
4.4. Explains swaps contracts.
16, 9
A, E
5. Evaluates how derivative products are used and how they are used.
16, 9
A, E
5.1. Explains the purpose of use of derivative products.
16, 9
A, E
5.2. Explains the functioning of derivative products.
16, 9
A, E
6. Evaluates pricing models.
16, 9
A, E
6.1. Explains pricing models of derivative products.
16, 9
A, E
6.2. Calculates prices with the pricing models of derivative products.
The Development and Functioning of Futures Market in Turkey
Examination of academic studies on the subject.
14
The Current Situation of the Future Markets in the World
Examination of academic studies on the subject.
Resources
Yalçın Karatepe, Türev Piyasalar, Siyasal Bilgiler Fakültesi Yayını, 2000. Doç.Dr. Nurgül Chambers, Türev Piyasalar, İstanbul, 1998.
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
1. In light of the current developments in the field of banking and finance, use knowledge about the main sources, process and design which are related to the field.
X
2
2.Describe the mathematical and statistical methods of banking and finance.
X
3
3. Reach scientific knowledge in the field of banking and finance; evaluate, and use this information to solve macro and micro financial problems.
X
4
4. Implement the idea about individual and social problems of banking and finance and in the light of current developments find resolutions.
X
5
5. Solve the problems encountered in banking and finance theory and practice by using research methods that specific to field.
X
6
6. Carry out an independent study which needs expertise in the field of banking and finance and its sub-disciplines.
X
7
7. Develop different perspectives and take responsibility to solve complex issues which require expertise and encountered in the field of banking and finance and its sub-disciplines.
X
8
8. Critically evaluate acquired knowledge and skills in the field of banking and finance and its sub-disciplines.
X
9
9. Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning.
X
10
10. Mean acquired knowledge in the field of banking and finance and current developments about finance theory and practice to all groups systematically in written or oral form.
X
11
11. Critically question concepts and institutions of banking and finance, settled practice of management and norms and when necessary develop and attempt to change them.
X
12
12. Use software which in the level required by the field of banking and finance and information and communication technologies in the advanced level.
X
13
13. Take into consideration and internalize social, scientific and ethical values in the process of gathering, processing and evaluating information about field of banking and finance and its sub-disciplines.
X
14
14. With developing understanding of honesty, justice and ethics are required to be professional in the field, teach around them.
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
50
Rate of Final Exam to Success
50
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
14
3
42
Resolution of Homework Problems and Submission as a Report
0
0
0
Term Project
0
0
0
Presentation of Project / Seminar
10
1
10
Quiz
0
0
0
Midterm Exam
32
1
32
General Exam
32
1
32
Performance Task, Maintenance Plan
10
1
10
Total Workload(Hour)
168
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(168/30)
6
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
DERIVATIVE MARKETS
FİBY1262510
Spring Semester
3+0
3
6
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
Turkish
Course Level
Second Cycle (Master's Degree)
Course Type
Elective
Course Coordinator
Prof.Dr. Hasan DİNÇER
Name of Lecturer(s)
Prof.Dr. Hasan DİNÇER
Assistant(s)
Aim
To teach derivatives that are financial risk protection elements.
Course Content
This course contains; Futures Markets -Spot Markets,Risk Management and Futures Markets,Development of Futures Markets in Risk Management,Futures Market Functions,Basic Strategies in Derivatives Market,Forward Contracts,Futures Contracts,Option Market: Basic Concepts-Option Pricing,Option Strategies,Advanced Option Strategies I,Advanced Option Strategies II,Swap Agreements and Methods,The Development and Functioning of Futures Market in Turkey,The Current Situation of the Future Markets in the World.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Evaluates derivate markets.
16, 9
A, E
1.1. Explains the basic function of futures markets.
16, 9
A, E
1.2. Explains the differences between futures markets and spot markets.
16, 9
A, E
1.3. Explains over the counter and organize markets of the derivatives
16, 9
A, E
2. Analyses option strategies.
16, 9
A, E
2.1. explains option strategies.
16, 9
A, E
2.2. Interprets on which strategy to use.
16, 9
A, E
3. İnterprets financial risk and hedging transactions in futures markets.
16, 9
A, E
3.1. Explains the elements of futures contracts.
16, 9
A, E
3.2. Interprets hedging transactions with futures contracts.
16, 9
A, E
3.3. Explains the role of futures markets in protecting financial risks.
16, 9
A, E
4. Compares the derivatives used in risk management.
16, 9
A, E
4.1. Explains forwards contracts.
16, 9
A, E
4.2. Explains Futures contracts.
16, 9
A, E
4.3. Explains Options contracts.
16, 9
A, E
4.4. Explains swaps contracts.
16, 9
A, E
5. Evaluates how derivative products are used and how they are used.
16, 9
A, E
5.1. Explains the purpose of use of derivative products.
16, 9
A, E
5.2. Explains the functioning of derivative products.
16, 9
A, E
6. Evaluates pricing models.
16, 9
A, E
6.1. Explains pricing models of derivative products.
16, 9
A, E
6.2. Calculates prices with the pricing models of derivative products.
The Development and Functioning of Futures Market in Turkey
Examination of academic studies on the subject.
14
The Current Situation of the Future Markets in the World
Examination of academic studies on the subject.
Resources
Yalçın Karatepe, Türev Piyasalar, Siyasal Bilgiler Fakültesi Yayını, 2000. Doç.Dr. Nurgül Chambers, Türev Piyasalar, İstanbul, 1998.
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
1. In light of the current developments in the field of banking and finance, use knowledge about the main sources, process and design which are related to the field.
X
2
2.Describe the mathematical and statistical methods of banking and finance.
X
3
3. Reach scientific knowledge in the field of banking and finance; evaluate, and use this information to solve macro and micro financial problems.
X
4
4. Implement the idea about individual and social problems of banking and finance and in the light of current developments find resolutions.
X
5
5. Solve the problems encountered in banking and finance theory and practice by using research methods that specific to field.
X
6
6. Carry out an independent study which needs expertise in the field of banking and finance and its sub-disciplines.
X
7
7. Develop different perspectives and take responsibility to solve complex issues which require expertise and encountered in the field of banking and finance and its sub-disciplines.
X
8
8. Critically evaluate acquired knowledge and skills in the field of banking and finance and its sub-disciplines.
X
9
9. Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning.
X
10
10. Mean acquired knowledge in the field of banking and finance and current developments about finance theory and practice to all groups systematically in written or oral form.
X
11
11. Critically question concepts and institutions of banking and finance, settled practice of management and norms and when necessary develop and attempt to change them.
X
12
12. Use software which in the level required by the field of banking and finance and information and communication technologies in the advanced level.
X
13
13. Take into consideration and internalize social, scientific and ethical values in the process of gathering, processing and evaluating information about field of banking and finance and its sub-disciplines.
X
14
14. With developing understanding of honesty, justice and ethics are required to be professional in the field, teach around them.