Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| FINANCIAL MATHEMATICS | - | Fall Semester | 3+0 | 3 | 4 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Prof.Dr. Serhat YÜKSEL |
| Name of Lecturer(s) | Prof.Dr. Serhat YÜKSEL |
| Assistant(s) | |
| Aim | The aim of the course is to give to the students the fundamental skills of mathematical calculations on financial decisions. |
| Course Content | This course contains; An overview of finance: Financial Environment and Instruments,The Cost of Money: Basic Calculations,Time Value of Money: Basic Calculations,Time Value of Money: Basic Calculations,Time Value of Money using Annuity,Applications using annuity,Cash Flow Cycle and Cash In-flows/out-flows,Net Present Value and Internal Rate of Return: Fundamental Calculations,Valuation of Securities and calculations,Stocks and Bonds: Basic Valuation Methods,Stock Valuation and Fundamentals,Stock Valuations and Fundamentals,Valuation of Bonds and Calculations,Basic Calculations of Portfolio: Risk and Retun,Weighted Avarage Cost of Capital and CAPM: Fundamentals. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1.1.Answers questions on finance for individuals ve institutions | 12, 6, 9 | A |
| 1.2.Describes the financial environment | 12, 6, 9 | A |
| 2.Will be able to explain the skills on mathematical calculations for the cost of Money. | 12, 6, 9 | A |
| 2.1.Identifies the components of the cost of Money. | 12, 6, 9 | A |
| 3.2.Calculates time value with compound interest rate. | 12, 6, 9 | A |
| 3.3.Calculates time value with compound interest rate with periods. | 12, 6, 9 | |
| 4.Will be able to calculate future cash flows with Annuity. | 12, 6, 9 | A |
| 4.1.Identifies annuity and the components of formula. | 12, 6, 9 | A |
| 4.2.Calculates unknown interest rate in Annuity formula. | 12, 6, 9 | A |
| 4.3.Calculates future value with annuity. | 12, 6, 9 | A |
| 5.Will be able to valuate the fundamental investment securities: Bond and Stock Valuation | 12, 9 | A |
| 5.1.Valuates Stocks and Bonds | 12, 6, 9 | A |
| 5.2.Calculates the expected rate of return on stock investments | 12, 6, 9 | A |
| 5.3.Identifies the dividend discount model | 12, 6, 9 | A |
| 6.Will be able to explain portfolio investments. | 12, 6, 9 | A |
| 6.1.Measures the portfolio risk. | 12, 6, 9 | A |
| 6.2.Measures the market risks | 12, 6, 9 | A |
| 6.3.Identifies the Capital Asset Pricing Model (CAPM) | 12, 6, 9 | A |
| 1. Will be able to describe the fundemantal financial concepts. | 12, 6, 9 | A |
| 1.3. Explains the components of financial environment. | 12, 6, 9 | A |
| 2.2. Identifies the interest rate concept. | 12, 6, 9 | A |
| 2.3. Identifies the market interest rate. | 12, 6, 9 | A |
| 3. Will be able to identify the time value of Money and has the skills on the related fundamental calculations. | 12, 6, 9 | A |
| 3.1. Identifies and calculates the interest Rate and time value of Money | 12, 6, 9 | A |
| Teaching Methods: | 12: Problem Solving Method, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | An overview of finance: Financial Environment and Instruments | |
| 2 | The Cost of Money: Basic Calculations | |
| 3 | Time Value of Money: Basic Calculations | |
| 4 | Time Value of Money: Basic Calculations | |
| 5 | Time Value of Money using Annuity | |
| 6 | Applications using annuity | |
| 7 | Cash Flow Cycle and Cash In-flows/out-flows | |
| 8 | Net Present Value and Internal Rate of Return: Fundamental Calculations | |
| 9 | Valuation of Securities and calculations | |
| 10 | Stocks and Bonds: Basic Valuation Methods | |
| 11 | Stock Valuation and Fundamentals | |
| 12 | Stock Valuations and Fundamentals | |
| 13 | Valuation of Bonds and Calculations | |
| 14 | Basic Calculations of Portfolio: Risk and Retun | |
| 15 | Weighted Avarage Cost of Capital and CAPM: Fundamentals |
| Resources |
| 1. Finans Matematiği, 2021, Atamer Yarol, Hiper Yayinlari, ISBN: 6258461131 2. İşletme Finansı" (2023) - Cengiz Erol ve Selçuk Kendirli Additional Readings 1. "Finansal Matematik" (2023) - Kemal Yıldırım 2. "Finansal Matematik ve Risk Yönetimi" (2023) - Aydın Dabak, Deniz Karaçay ve Gürhan Kök |
| Richard A. Brealey, Stewart C. Myers, Alan J. Marcus Çev.: Ünal Bozkurt, Türkan Arıkan, Hatice Doğukanlı, İşletme Finansının Temelleri, Literatür Yayıncılık, İstanbul |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Defines the basic concepts of banking and insurance. | X | |||||
| 2 | Describes the mathematical and statistical methods of banking and insurance | X | |||||
| 3 | Uses the computer programs needed in banking and insurance | X | |||||
| 4 | Uses the professional foreign language proficiency required in banking and insurance | X | |||||
| 5 | Prepares the project and manage the teamworks | X | |||||
| 6 | Uses the theoretical and practical knowledge of the banking and insurance. | X | |||||
| 7 | Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning | X | |||||
| 8 | Uses verbal and written communication skills using the latest technologies and at least one foreign language | ||||||
| 9 | Accepts ethical values and social rights and applies them | X | |||||
| 10 | Analyzes and discusses using the data of banking and insurance | X | |||||
| 11 | Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.) | X | |||||
| 12 | Offers micro and macro suggestions on the problems in the banking and insurance sector | 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 | 1 | 6 | 6 | |||
| Term Project | 0 | 0 | 0 | |||
| Presentation of Project / Seminar | 1 | 6 | 6 | |||
| Quiz | 1 | 0 | 0 | |||
| Midterm Exam | 1 | 8 | 8 | |||
| General Exam | 1 | 16 | 16 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 120 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(120/30) | 4 | |||||
| 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 |
|---|---|---|---|---|---|
| FINANCIAL MATHEMATICS | - | Fall Semester | 3+0 | 3 | 4 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Prof.Dr. Serhat YÜKSEL |
| Name of Lecturer(s) | Prof.Dr. Serhat YÜKSEL |
| Assistant(s) | |
| Aim | The aim of the course is to give to the students the fundamental skills of mathematical calculations on financial decisions. |
| Course Content | This course contains; An overview of finance: Financial Environment and Instruments,The Cost of Money: Basic Calculations,Time Value of Money: Basic Calculations,Time Value of Money: Basic Calculations,Time Value of Money using Annuity,Applications using annuity,Cash Flow Cycle and Cash In-flows/out-flows,Net Present Value and Internal Rate of Return: Fundamental Calculations,Valuation of Securities and calculations,Stocks and Bonds: Basic Valuation Methods,Stock Valuation and Fundamentals,Stock Valuations and Fundamentals,Valuation of Bonds and Calculations,Basic Calculations of Portfolio: Risk and Retun,Weighted Avarage Cost of Capital and CAPM: Fundamentals. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1.1.Answers questions on finance for individuals ve institutions | 12, 6, 9 | A |
| 1.2.Describes the financial environment | 12, 6, 9 | A |
| 2.Will be able to explain the skills on mathematical calculations for the cost of Money. | 12, 6, 9 | A |
| 2.1.Identifies the components of the cost of Money. | 12, 6, 9 | A |
| 3.2.Calculates time value with compound interest rate. | 12, 6, 9 | A |
| 3.3.Calculates time value with compound interest rate with periods. | 12, 6, 9 | |
| 4.Will be able to calculate future cash flows with Annuity. | 12, 6, 9 | A |
| 4.1.Identifies annuity and the components of formula. | 12, 6, 9 | A |
| 4.2.Calculates unknown interest rate in Annuity formula. | 12, 6, 9 | A |
| 4.3.Calculates future value with annuity. | 12, 6, 9 | A |
| 5.Will be able to valuate the fundamental investment securities: Bond and Stock Valuation | 12, 9 | A |
| 5.1.Valuates Stocks and Bonds | 12, 6, 9 | A |
| 5.2.Calculates the expected rate of return on stock investments | 12, 6, 9 | A |
| 5.3.Identifies the dividend discount model | 12, 6, 9 | A |
| 6.Will be able to explain portfolio investments. | 12, 6, 9 | A |
| 6.1.Measures the portfolio risk. | 12, 6, 9 | A |
| 6.2.Measures the market risks | 12, 6, 9 | A |
| 6.3.Identifies the Capital Asset Pricing Model (CAPM) | 12, 6, 9 | A |
| 1. Will be able to describe the fundemantal financial concepts. | 12, 6, 9 | A |
| 1.3. Explains the components of financial environment. | 12, 6, 9 | A |
| 2.2. Identifies the interest rate concept. | 12, 6, 9 | A |
| 2.3. Identifies the market interest rate. | 12, 6, 9 | A |
| 3. Will be able to identify the time value of Money and has the skills on the related fundamental calculations. | 12, 6, 9 | A |
| 3.1. Identifies and calculates the interest Rate and time value of Money | 12, 6, 9 | A |
| Teaching Methods: | 12: Problem Solving Method, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | An overview of finance: Financial Environment and Instruments | |
| 2 | The Cost of Money: Basic Calculations | |
| 3 | Time Value of Money: Basic Calculations | |
| 4 | Time Value of Money: Basic Calculations | |
| 5 | Time Value of Money using Annuity | |
| 6 | Applications using annuity | |
| 7 | Cash Flow Cycle and Cash In-flows/out-flows | |
| 8 | Net Present Value and Internal Rate of Return: Fundamental Calculations | |
| 9 | Valuation of Securities and calculations | |
| 10 | Stocks and Bonds: Basic Valuation Methods | |
| 11 | Stock Valuation and Fundamentals | |
| 12 | Stock Valuations and Fundamentals | |
| 13 | Valuation of Bonds and Calculations | |
| 14 | Basic Calculations of Portfolio: Risk and Retun | |
| 15 | Weighted Avarage Cost of Capital and CAPM: Fundamentals |
| Resources |
| 1. Finans Matematiği, 2021, Atamer Yarol, Hiper Yayinlari, ISBN: 6258461131 2. İşletme Finansı" (2023) - Cengiz Erol ve Selçuk Kendirli Additional Readings 1. "Finansal Matematik" (2023) - Kemal Yıldırım 2. "Finansal Matematik ve Risk Yönetimi" (2023) - Aydın Dabak, Deniz Karaçay ve Gürhan Kök |
| Richard A. Brealey, Stewart C. Myers, Alan J. Marcus Çev.: Ünal Bozkurt, Türkan Arıkan, Hatice Doğukanlı, İşletme Finansının Temelleri, Literatür Yayıncılık, İstanbul |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Defines the basic concepts of banking and insurance. | X | |||||
| 2 | Describes the mathematical and statistical methods of banking and insurance | X | |||||
| 3 | Uses the computer programs needed in banking and insurance | X | |||||
| 4 | Uses the professional foreign language proficiency required in banking and insurance | X | |||||
| 5 | Prepares the project and manage the teamworks | X | |||||
| 6 | Uses the theoretical and practical knowledge of the banking and insurance. | X | |||||
| 7 | Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning | X | |||||
| 8 | Uses verbal and written communication skills using the latest technologies and at least one foreign language | ||||||
| 9 | Accepts ethical values and social rights and applies them | X | |||||
| 10 | Analyzes and discusses using the data of banking and insurance | X | |||||
| 11 | Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.) | X | |||||
| 12 | Offers micro and macro suggestions on the problems in the banking and insurance sector | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 50 | |
| Rate of Final Exam to Success | 50 | |
| Total | 100 | |