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 theoretical issues in the field of International Trade and Finance (ITF).
2
Describes the necessary quantitative and statistical methods in the field of ITF.
3
Uses at least one computer program in the field of ITF.
4
Sustains proficiency in a foreign language required in ITF.
5
Prepares trade and finance projects and leads teams.
6
Constantly updates himself / herself by following developments in science and technology with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.
7
Uses theoretical and practical expertise in the field of ITF.
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills.
9
Adopts organizational / institutional and social ethical values.
10
Within the framework of community involvement, adopts social responsibility principles and takes initiative when necessary.
11
Uses and analyses basic facts and data in various disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies.
12
Gains expertise in global trade, export and import transactions, customs clearance and financing of foreign trade.
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
Elective
Course Coordinator
Prof.Dr. Hasan DİNÇER
Name of Lecturer(s)
Assist.Prof. Ali Osman Serdar ÇITAK
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 theoretical issues in the field of International Trade and Finance (ITF).
2
Describes the necessary quantitative and statistical methods in the field of ITF.
3
Uses at least one computer program in the field of ITF.
4
Sustains proficiency in a foreign language required in ITF.
5
Prepares trade and finance projects and leads teams.
6
Constantly updates himself / herself by following developments in science and technology with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.
7
Uses theoretical and practical expertise in the field of ITF.
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills.
9
Adopts organizational / institutional and social ethical values.
10
Within the framework of community involvement, adopts social responsibility principles and takes initiative when necessary.
11
Uses and analyses basic facts and data in various disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies.
12
Gains expertise in global trade, export and import transactions, customs clearance and financing of foreign trade.