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ECON 514 | Course Introduction and Application Information
| Course Name |
Speculative Markets
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ECON 514
|
Fall/Spring
|
3
|
0
|
3
|
7.5
|
| Prerequisites |
None
|
|||||
| Course Language |
English
|
|||||
| Course Type |
Elective
|
|||||
| Course Level |
Second Cycle
|
|||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | - | |||||
| National Occupation Classification | - | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | - | |||||
| Course Objectives | The aim of this course is to introduce the students to financial instruments that are classified as derivatives and show how these instruments can be used for hedging different risks. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | In recent years there has been phenomenal growth in the markets for futures contracts on financial assets, as well as options on these assets. Derivatives enable firms and portfolio managers to hedge a variety of risks. This course introduces the student to forward contracts, futures and options and walks the student through the process of using these instruments to hedge different risks. |
| Related Sustainable Development Goals |
|
|
|
Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Introduction | |
| 2 | Financial forwards | |
| 3 | Financial futures | |
| 4 | Financial futures cont’d. | |
| 5 | Commodity forwards/futures | |
| 6 | Hedging with forwards/futures | |
| 7 | Hedging with forwards/futures cont’d. | |
| 8 | Swaps | |
| 9 | Swaps cont’d. | |
| 10 | Midterm | |
| 11 | Options | |
| 12 | American Options | |
| 13 | European Options | |
| 14 | Greeks | |
| 15 | Final Exam | |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Options, Futures and Other Derivatives (6th edition), by John C Hull. |
| Suggested Readings/Materials |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation |
16
|
10
|
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury | ||
| Project |
1
|
50
|
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
40
|
| Final Exam | ||
| Total |
| Weighting of Semester Activities on the Final Grade |
18
|
100
|
| Weighting of End-of-Semester Activities on the Final Grade | ||
| 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 |
16
|
6
|
96
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
0
|
||
| Presentation / Jury |
0
|
||
| Project |
1
|
30
|
30
|
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
20
|
20
|
| Final Exam |
0
|
||
| Total |
194
|
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. |
-
|
-
|
-
|
-
|
X
|
|
| 2 |
To be able to comprehend the interaction between economics, finance and related fields. |
-
|
-
|
-
|
-
|
-
|
|
| 3 |
To be able to apply the advanced level knowledge acquired in economics and finance. |
-
|
-
|
-
|
-
|
X
|
|
| 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. |
-
|
-
|
-
|
-
|
-
|
|
| 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. |
-
|
-
|
-
|
-
|
-
|
|
| 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. |
-
|
-
|
-
|
-
|
X
|
|
| 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. |
-
|
-
|
-
|
X
|
-
|
|
| 9 |
To be able to critically evaluate the knowledge in finance and economics, to lead learning and carry out advanced level research independently. |
-
|
-
|
-
|
-
|
-
|
|
| 10 |
To be able to use a foreign language for both following scientific progress and for written and oral communication. |
-
|
-
|
-
|
-
|
-
|
|
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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