GRADUATE SCHOOL
Financial Economics (Without Thesis)
ECON 515 | Course Introduction and Application Information
| Course Name |
Quantitative Methods in Economics and Finance
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ECON 515
|
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 aim of this course is to develop spreadsheet applications of models in economics and finance that are flexible enough to be modified in the future. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | The course develops economic and financial models using EXCEL.The most widely used financial calculations will be performed in a spreadsheet format using simulated and real world data. Econometric analysis will be undertaken using the regression tool pack in EXCEL. At the end of the course, you will have several financial models in a spreadsheet format that you can modify for future use. Topics covered include NPV, IRR, Bond pricing, duration, option pricing, BlackSholes and binomial option pricing models, value at risk, value of the firm, portfolio risk. |
|
|
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 | Basic Financial Calculations (PV, NPV, IRR) | |
| 3 | Econometric Models CAPM | |
| 4 | Loans, Mortgages | |
| 5 | Mortgages cont’d | |
| 6 | Bonds and Duration | |
| 7 | Midterm | |
| 8 | Value of the Firm | |
| 9 | Value of the Firm cont’d | |
| 10 | Modeling Portfolios | |
| 11 | Modeling Portfolios cont’d | |
| 12 | Modeling Portfolios and VaR | |
| 13 | Option Pricing | |
| 14 | Binomial Option Pricing | |
| 15 | Binomial Option Pricing cont’d | |
| 16 | Binomial Option Pricing cont’d |
| Course Notes/Textbooks | Simon Beninga, Financial Modelling |
| Suggested Readings/Materials |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation |
16
|
10
|
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments |
5
|
25
|
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
25
|
| Final Exam |
1
|
40
|
| Total |
| Weighting of Semester Activities on the Final Grade |
60
|
|
| Weighting of End-of-Semester Activities on the Final Grade |
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 |
16
|
3
|
48
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
5
|
13
|
65
|
| Presentation / Jury |
0
|
||
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
24
|
24
|
| Final Exam |
1
|
40
|
40
|
| Total |
225
|
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. |
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| 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. |
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| 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. |
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. |
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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