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Course Detail

Course Description

CourseCodeSemesterT+P (Hour)CreditECTS
CAPITAL MARKETSBUS4171370Fall Semester3+035
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of CourseEnglish
Course LevelFirst Cycle (Bachelor's Degree)
Course TypeElective
Course Coordinator
Name of Lecturer(s)Prof.Dr. Serhat YÜKSEL
Assistant(s)
AimThe aim of this course is to provide students with a general understanding of the functioning of financial markets, with a special focus on globalization and its effects on financialization.
Course ContentThis course contains; Overview of Financial Markets,Structure and Functioning of Financial Markets,Meaning of Interest Rate Notion,Factors underlying changes in interest rate,Rısk Structure of Interest Rates,Rısk Structure of Interest Rates,Asymmetric Information: Adverse Selection and Moral Hazard,Financial Development and Economic Growth,Asymmetric Information and Financial Crises,Project Presentations,Project Presentations,Stock Market,Bond and Exchange Rate Markets,Overview of The Semester.
Dersin Öğrenme KazanımlarıTeaching MethodsAssessment Methods
1. Will be able to express what financial markets are and why we need to study them. 16, 6, 9A, G
1.1. Explains why we need to understand financial markets.
1.2. Explains why we need to understand financial institutions.
1.3. Explains how to study financial markets and institutions.
1.4 Explains the development of financial markets and Islamic financial markets in Turkey.
2. Will be able to uderstand the mechanism and structure of financial markets, and gain an intuition of how financial markets and financial intermediaries affect the economy.16, 6, 9A, G
2.1. Explains the function of financial markets.
2.2. EXplains the structure of financial markets.
2.3. Explains the globalization of financial markets.
2.4 Explains the effect of globalization in the development of the financial markets in Turkey after 2008 global financial crisis.
3. Will be able to explain what exactly interest rate means, and the difference between nominal and real interest rates.16, 6, 9A, G
3.1. Measures and determines interest rates.
3.2. Explains the distinction between real and nominal interest rates.
3.3. Explains the distinction between interest rates and rates of return.
3.4. Compares the difference between the nominal and real interest rates of conventional debt instruments with that of the nominal and real rates of return of Islamic instruments.
4. Will be able to explain why the overall level of nominal interest rates changes and the factors that induce these changes.16, 6, 9A, G
4.1. Explains the determinants of asset demand.
4.2. Investigates the supply and demand in the bond and sukuk markets in Turkey.
4.3 Examines the changes in equilibrium interest rates.
5. Will be able to determine the types of interest-bearing instruments firms need to invest in by comparing the differences in the interest rates of various instruments.16, 6, 9A, G
5.1. Investigates the risk structure of interest rates.
5.2. Uses the yield curve and business cycles as a forecasting tool for inflation.
5.3 Explains the behaviour of the yield curve in Turkey before and after the 2001 crisis and the 2008 global financial crisis.
5.4. Forecasts interest rates using the term structure.
6. Will be able to explain why an efficient market is needed for economic efficiency. 16, 6, 9A, G
6.1 Explains the efficient market hypothesis, the rationale behind the hypothesis, and the stronger version of the efficient market hypothesis.
6.2 Examines the evidence on the efficient market hypothesis.
6.3 Investigates the evidence in favor of and against the efficiency of capital markets in Turkey.
6.4. Explains the connection between financial development and economic growth.
7. Will be able to explain information asymmetry and its influence in development of financial crises. 16, 6, 9A, G
7.1. Expresses basic facts about the financial structure throughout the world.
7.2. Explains the two types of information asymmetry: adverse selection and moral hazard.
7.3. Examines the precautions Capital Markets Board of Turkey has taken to minimize the asymmetric information problems in IPO's.
8. Will be able to explain the basic dynamics of stock markets and the resulting prices.16, 6, 9A, G
8.1. Examines various aspects of investing in stocks.
8.2 Examines and applies some methods of pricing common stocks.
8.3. Explains how stock prices are formed in common stock markets.
8.4 Explains common mistakes in valuation.
9. Will be able to apply the basic principles of bond markets and foreign exchange markets. 16, 6, 9A, G
9.1. Explains the function of the bond market.
9.2. Explains the actors in the bond market.
9.3. Explains the types of bonds.
9.4. Defines the exchange rate and explains its importance.
9.5. Explains the exchange rate determination in the short run and in the long run.
Teaching Methods:16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method
Assessment Methods:A: Traditional Written Exam, G: Quiz

Course Outline

OrderSubjectsPreliminary Work
1Overview of Financial Markets
2Structure and Functioning of Financial Markets
3Meaning of Interest Rate Notion
4Factors underlying changes in interest rate
5Rısk Structure of Interest Rates
6Rısk Structure of Interest Rates
7Asymmetric Information: Adverse Selection and Moral Hazard
8Financial Development and Economic Growth
9Asymmetric Information and Financial Crises
10Project Presentations
11Project Presentations
12Stock Market
13Bond and Exchange Rate Markets
14Overview of The Semester
Resources
- Financial Markets and Institutions, Frederic S. Mishkin and Stanley G. Eakins, 8th Edition, 2014.
- Financial Markets and Institutions, Anthony Saunders and Marcia Cornett, International Edition, 2018.

Course Contribution to Program Qualifications

Course Contribution to Program Qualifications
NoProgram QualificationContribution Level
12345
1
Defines the theoretical issues in the field of business administration
X
2
Describes the necessary qualitative and quantitative methods in the field of business and management.
X
3
Uses at least one computer program in the field of business and management
X
4
Sustains proficiency in a foreign language required for business and management.
X
5
Prepares managerial investment projects and work in a team.
X
6
Constantly renews himself / herself by following developments in business and management with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.
X
7
Uses theoretical and practical expertise in the field of business administration
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication.
X
9
Adopts organizational / institutional and social ethical values.
X
10
Within the framework of service responsiveness, adopts social responsibility principles and takes initiative when necessary.
11
Uses and analyses basic facts and data in different disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies.
X
12
Uses and Analyses the fundamental and advanced techniques in the field to enhance business performance, productivity, sustainability,innovation and research, efficiency and effectiveness.
X

Assessment Methods

Contribution LevelAbsolute Evaluation
Rate of Midterm Exam to Success 40
Rate of Final Exam to Success 60
Total 100
ECTS / Workload Table
ActivitiesNumber ofDuration(Hour)Total Workload(Hour)
Course Hours14342
Guided Problem Solving000
Resolution of Homework Problems and Submission as a Report14228
Term Project14228
Presentation of Project / Seminar111
Quiz000
Midterm Exam7321
General Exam7428
Performance Task, Maintenance Plan000
Total Workload(Hour)148
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(148/30)5
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.

Detail Informations of the Course

Course Description

CourseCodeSemesterT+P (Hour)CreditECTS
CAPITAL MARKETSBUS4171370Fall Semester3+035
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of CourseEnglish
Course LevelFirst Cycle (Bachelor's Degree)
Course TypeElective
Course Coordinator
Name of Lecturer(s)Prof.Dr. Serhat YÜKSEL
Assistant(s)
AimThe aim of this course is to provide students with a general understanding of the functioning of financial markets, with a special focus on globalization and its effects on financialization.
Course ContentThis course contains; Overview of Financial Markets,Structure and Functioning of Financial Markets,Meaning of Interest Rate Notion,Factors underlying changes in interest rate,Rısk Structure of Interest Rates,Rısk Structure of Interest Rates,Asymmetric Information: Adverse Selection and Moral Hazard,Financial Development and Economic Growth,Asymmetric Information and Financial Crises,Project Presentations,Project Presentations,Stock Market,Bond and Exchange Rate Markets,Overview of The Semester.
Dersin Öğrenme KazanımlarıTeaching MethodsAssessment Methods
1. Will be able to express what financial markets are and why we need to study them. 16, 6, 9A, G
1.1. Explains why we need to understand financial markets.
1.2. Explains why we need to understand financial institutions.
1.3. Explains how to study financial markets and institutions.
1.4 Explains the development of financial markets and Islamic financial markets in Turkey.
2. Will be able to uderstand the mechanism and structure of financial markets, and gain an intuition of how financial markets and financial intermediaries affect the economy.16, 6, 9A, G
2.1. Explains the function of financial markets.
2.2. EXplains the structure of financial markets.
2.3. Explains the globalization of financial markets.
2.4 Explains the effect of globalization in the development of the financial markets in Turkey after 2008 global financial crisis.
3. Will be able to explain what exactly interest rate means, and the difference between nominal and real interest rates.16, 6, 9A, G
3.1. Measures and determines interest rates.
3.2. Explains the distinction between real and nominal interest rates.
3.3. Explains the distinction between interest rates and rates of return.
3.4. Compares the difference between the nominal and real interest rates of conventional debt instruments with that of the nominal and real rates of return of Islamic instruments.
4. Will be able to explain why the overall level of nominal interest rates changes and the factors that induce these changes.16, 6, 9A, G
4.1. Explains the determinants of asset demand.
4.2. Investigates the supply and demand in the bond and sukuk markets in Turkey.
4.3 Examines the changes in equilibrium interest rates.
5. Will be able to determine the types of interest-bearing instruments firms need to invest in by comparing the differences in the interest rates of various instruments.16, 6, 9A, G
5.1. Investigates the risk structure of interest rates.
5.2. Uses the yield curve and business cycles as a forecasting tool for inflation.
5.3 Explains the behaviour of the yield curve in Turkey before and after the 2001 crisis and the 2008 global financial crisis.
5.4. Forecasts interest rates using the term structure.
6. Will be able to explain why an efficient market is needed for economic efficiency. 16, 6, 9A, G
6.1 Explains the efficient market hypothesis, the rationale behind the hypothesis, and the stronger version of the efficient market hypothesis.
6.2 Examines the evidence on the efficient market hypothesis.
6.3 Investigates the evidence in favor of and against the efficiency of capital markets in Turkey.
6.4. Explains the connection between financial development and economic growth.
7. Will be able to explain information asymmetry and its influence in development of financial crises. 16, 6, 9A, G
7.1. Expresses basic facts about the financial structure throughout the world.
7.2. Explains the two types of information asymmetry: adverse selection and moral hazard.
7.3. Examines the precautions Capital Markets Board of Turkey has taken to minimize the asymmetric information problems in IPO's.
8. Will be able to explain the basic dynamics of stock markets and the resulting prices.16, 6, 9A, G
8.1. Examines various aspects of investing in stocks.
8.2 Examines and applies some methods of pricing common stocks.
8.3. Explains how stock prices are formed in common stock markets.
8.4 Explains common mistakes in valuation.
9. Will be able to apply the basic principles of bond markets and foreign exchange markets. 16, 6, 9A, G
9.1. Explains the function of the bond market.
9.2. Explains the actors in the bond market.
9.3. Explains the types of bonds.
9.4. Defines the exchange rate and explains its importance.
9.5. Explains the exchange rate determination in the short run and in the long run.
Teaching Methods:16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method
Assessment Methods:A: Traditional Written Exam, G: Quiz

Course Outline

OrderSubjectsPreliminary Work
1Overview of Financial Markets
2Structure and Functioning of Financial Markets
3Meaning of Interest Rate Notion
4Factors underlying changes in interest rate
5Rısk Structure of Interest Rates
6Rısk Structure of Interest Rates
7Asymmetric Information: Adverse Selection and Moral Hazard
8Financial Development and Economic Growth
9Asymmetric Information and Financial Crises
10Project Presentations
11Project Presentations
12Stock Market
13Bond and Exchange Rate Markets
14Overview of The Semester
Resources
- Financial Markets and Institutions, Frederic S. Mishkin and Stanley G. Eakins, 8th Edition, 2014.
- Financial Markets and Institutions, Anthony Saunders and Marcia Cornett, International Edition, 2018.

Course Contribution to Program Qualifications

Course Contribution to Program Qualifications
NoProgram QualificationContribution Level
12345
1
Defines the theoretical issues in the field of business administration
X
2
Describes the necessary qualitative and quantitative methods in the field of business and management.
X
3
Uses at least one computer program in the field of business and management
X
4
Sustains proficiency in a foreign language required for business and management.
X
5
Prepares managerial investment projects and work in a team.
X
6
Constantly renews himself / herself by following developments in business and management with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.
X
7
Uses theoretical and practical expertise in the field of business administration
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication.
X
9
Adopts organizational / institutional and social ethical values.
X
10
Within the framework of service responsiveness, adopts social responsibility principles and takes initiative when necessary.
11
Uses and analyses basic facts and data in different disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies.
X
12
Uses and Analyses the fundamental and advanced techniques in the field to enhance business performance, productivity, sustainability,innovation and research, efficiency and effectiveness.
X

Assessment Methods

Contribution LevelAbsolute Evaluation
Rate of Midterm Exam to Success 40
Rate of Final Exam to Success 60
Total 100

Numerical Data

Ekleme Tarihi: 09/10/2023 - 09:58Son Güncelleme Tarihi: 09/10/2023 - 10:00