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. Will be able to evaluate derivate markets.
16, 9
A
1.1. Explains the basic function of futures markets.
A
1.2. Explains the differences between futures markets and spot markets.
A
1.3. Explains over the counter and organize markets of the derivatives
A
2. Will be able to analyses option strategies.
16, 9
A
2.1. explains option strategies.
A
2.2. Interprets on which strategy to use.
A
3. will be able to interpret financial risk and hedging transactions in futures markets.
16, 9
A
3.1. Explains the elements of futures contracts.
A
3.2. Interprets hedging transactions with futures contracts.
A
3.3. Explains the role of futures markets in protecting financial risks.
A
4. Will be able to compare the derivatives used in risk management.
16, 9
A
4.1. Explains forwards contracts.
A
4.2. Explains Futures contracts.
A
4.3. Explains Options contracts.
A
4.4. Explains swaps contracts.
A
5. will be able to evaluate how derivative products are used and how they are used.
16, 9
A
5.1. Explains the purpose of use of derivative products.
A
5.2. Explains the functioning of derivative products.
A
6. will be able to evaluate pricing models.
16, 9
A
6.1. Explains pricing models of derivative products.
A
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
Doç. Dr. Ayben Koy, Türev Piyasalar, Seçkin Yayıncılık, 2023
Doç.Dr. Nurgül Chambers, Türev Piyasalar, İstanbul, 2009.
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
“Fundamentals of Derivatives Markets” R. McDonald, Pearson Addison Wesley, 2009
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
“Fundamentals of Derivatives Markets” R. McDonald, Pearson Addison Wesley, 2009
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
X
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
2
8
16
Term Project
0
0
0
Presentation of Project / Seminar
1
3
3
Quiz
0
0
0
Midterm Exam
1
15
15
General Exam
1
32
32
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
150
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(150/30)
5
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 RISK and DERIVATIVE MARKETS
-
Fall Semester
3+0
3
5
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. 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. Will be able to evaluate derivate markets.
16, 9
A
1.1. Explains the basic function of futures markets.
A
1.2. Explains the differences between futures markets and spot markets.
A
1.3. Explains over the counter and organize markets of the derivatives
A
2. Will be able to analyses option strategies.
16, 9
A
2.1. explains option strategies.
A
2.2. Interprets on which strategy to use.
A
3. will be able to interpret financial risk and hedging transactions in futures markets.
16, 9
A
3.1. Explains the elements of futures contracts.
A
3.2. Interprets hedging transactions with futures contracts.
A
3.3. Explains the role of futures markets in protecting financial risks.
A
4. Will be able to compare the derivatives used in risk management.
16, 9
A
4.1. Explains forwards contracts.
A
4.2. Explains Futures contracts.
A
4.3. Explains Options contracts.
A
4.4. Explains swaps contracts.
A
5. will be able to evaluate how derivative products are used and how they are used.
16, 9
A
5.1. Explains the purpose of use of derivative products.
A
5.2. Explains the functioning of derivative products.
A
6. will be able to evaluate pricing models.
16, 9
A
6.1. Explains pricing models of derivative products.
A
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
Doç. Dr. Ayben Koy, Türev Piyasalar, Seçkin Yayıncılık, 2023
Doç.Dr. Nurgül Chambers, Türev Piyasalar, İstanbul, 2009.
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
“Fundamentals of Derivatives Markets” R. McDonald, Pearson Addison Wesley, 2009
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
“Fundamentals of Derivatives Markets” R. McDonald, Pearson Addison Wesley, 2009
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
X
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
