GRADUATE SCHOOL
Financial Economics (With Thesis)
ITF 510 | Course Introduction and Application Information
| Course Name |
Investment Analysis and Portfolio Management
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ITF 510
|
Fall/Spring
|
3
|
0
|
3
|
7.5
|
| Prerequisites |
None
|
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| Course Language |
English
|
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| Course Type |
Elective
|
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| Course Level |
Second Cycle
|
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| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | - | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | - | |||||
| Assistant(s) | ||||||
| Course Objectives | The Primary objective is to introduce graduate students the basic concepts of investing, the tools and principles to be able to better understand trading in financial markets. It is also aimed that students will be equipped with the knowledge for portfolio selection, portfolio management and investment evaluation through theoretical methodologies. Through solving the problems it is aimed to develop and increase the skills of the student in the field of investment and portfolio construction. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | Topics covered are: investment environment, market players, securities markets, portfolio risk and return, efficient diversification, CAPM and APT, Efficient market hypothesis and Behavioral Finance and Technical Analysis. |
|
|
Core Courses | |
| Major Area Courses |
X
|
|
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Introduction | |
| 2 | The Investment Environment: a) Real Assets / Financial Assets b) Financial Markets and the Economy c) Market Players d) Recent Trends | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 3 | Asset Classes and Financial Instruments: a) The Money Market b) The Bond Market c) Equity Securities d) Stock and Bond Market Indexes e) Derivative Markets | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 4 | Securities Markets: a) How firms Issue Securities: IPO b) US Securities Markets c) Types of Orders d) Short Sales | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 5 | Mutual Funds and Other Investment Companies: a) Investment Companies b) Mutual funds c) Cost of Investing in Mutual Funds d) Exchange Traded Funds | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 6 | Risk and Return: a) The Concept of Risk and Rates of Return in Financial Assets b) Risk and Return analysis c) Risk Premium d) Normal Distribution e) LongTerm Investments | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 7 | Risk and Return: a) The Concept of Risk and Rates of Return in Financial Assets b) Risk and Return analysis c) Risk Premium d) Normal Distribution e) LongTerm Investments | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 8 | Value at Risk Calculation | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 9 | Problem Solutions | |
| 10 | Midterm Exam | |
| 11 | Risk aversion and Capital Allocation to Risky Assets: a) Risk and Risk Aversion b) RiskFree Asset c) Passive Strategies: The Capital Market Line | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 12 | Index Models: a) The Single Index Model b) Portfolio Construction and the Single Index Model | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 13 | Capital Asset Pricing Model | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 14 | Arbitrage Pricing Theory | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 15 | Problem Solutions | |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition, ISBN: 978-0078034695 |
| Suggested Readings/Materials | Financial Times, Wall Street Journal, The Economist, Journal of Portfolio Management, Financial Analysts Journal |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments |
1
|
30
|
| Presentation / Jury | ||
| Project |
1
|
30
|
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm | ||
| Final Exam |
1
|
40
|
| Total |
| Weighting of Semester Activities on the Final Grade |
2
|
60
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
40
|
| Total |
ECTS / WORKLOAD TABLE
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
| Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
| Study Hours Out of Class |
0
|
||
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
2
|
16
|
32
|
| Presentation / Jury |
0
|
||
| Project |
1
|
60
|
60
|
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
0
|
||
| Final Exam |
1
|
70
|
70
|
| Total |
210
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
|
1
|
2
|
3
|
4
|
5
|
||
| 1 | To improve and deepen expertise in economics and finance. |
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| 2 | To be able to comprehend the interaction between economics, finance and related fields. |
X | ||||
| 3 | To be able to apply the advanced level knowledge acquired in economics and finance. |
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| 4 | To be able to create new knowledge by combining the knowledge of finance and economics with the knowledge coming from other disciplines and be able to solve problems which requires expert knowledge by applying scientific methods. |
X | ||||
| 5 | To be able to use computer programs needed in the fields of economics and finance as well as information and communication technologies in advanced levels. |
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| 6 | To be able to think analytically to identify problems in finance and economics and to be able to make policy recommendations in economics and finance based on scientific analysis of issues and problems. |
X | ||||
| 7 | To be able to develop new strategic approaches for unexpected, complicated situations in finance and economics and take responsibility in solving it. |
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| 8 | To protect the social, scientific and ethical values at the data collection, interpretation and dissemination stages and to be able to institute and observe these values. |
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| 9 | To be able to critically evaluate the knowledge in finance and economics, to lead learning and carry out advanced level research independently. |
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| 10 | To be able to use a foreign language for both following scientific progress and for written and oral communication. |
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest