İzmir Ekonomi Üniversitesi
  • TÜRKÇE

  • GRADUATE SCHOOL

    Master of Business Administration (MBA) (With Thesis)

    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;

    • will be able to define futures.
    • will be able to define options.
    • will be able to list the derivative securities traded in TURKDEX.
    • will be able to describe how to hedge risks using futures and options.
    • will be able to give examples of trading strategies with futures and options.
    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

     



    Course Category

    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 be able to demonstrate general business knowledge and skills.

    -
    -
    -
    -
    -
    2

    To able to master the state-of-the-art literature in the area of specialization.

    -
    -
    -
    -
    -
    3

    To be able to evaluate the performance of business organizations through a holistic approach.

    -
    -
    -
    -
    -
    4

    To be able to effectively communicate scientific ideas and research results to diverse audiences.

    -
    -
    -
    -
    -
    5

    To be able to deliver creative and innovative solutions to business-related problems.

    -
    -
    -
    -
    -
    6

    To be able to solve business related problems using analytical and technological tools and techniques.

    -
    -
    -
    -
    -
    7

    To be able to take a critical perspective in evaluating business knowledge.

    -
    -
    -
    -
    -
    8

    To be able to exhibit an ethical and socially responsible behavior in conducting research and making business decisions.

    -
    -
    -
    -
    -
    9

    To be able to carry out a well-designed independent and empirical research.

    -
    -
    -
    -
    -
    10

    To be able to use a foreign language to follow information about the field of finance and participate in discussions in academic environments.

    -
    -
    -
    -
    -

    *1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest


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