Logistics Management (English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | FNCE304 | ||||||||
Course Name: | Investment and Portfolio Management | ||||||||
Course Semester: |
Spring |
||||||||
Course Credits: |
|
||||||||
Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Faculty Elective | ||||||||
Course Level: |
|
||||||||
Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Prof. Dr. GÖKÇE TUNÇ | ||||||||
Course Lecturer(s): |
Prof. Dr. GÖKÇE TUNÇ |
||||||||
Course Assistants: |
Course Objectives: | The objective of this course is to introduce the specifics of investment environment; overview of financial instruments; security trading; initial public offerings; market orders; buying on margin; short sales; investment companies; open-end funds; closed-end funds; risk and return; risk premium; risk aversion; capital allocation line; portfolios of risky and risk-free assets; the capital market line; optimal risky portfolios; diversification; portfolios of two risky assets; minimum variance portfolio; the Markowitz portfolio selection; capital asset pricing model; arbitrage pricing theory; factor models; market efficiency; simulation application. |
Course Content: | Investment environment; overview of financial instruments; security trading; initial public offerings; market orders; buying on margin; short sales; investment companies; open-end funds; closed-end funds; risk and return; risk premium; risk aversion; capital allocation line; portfolios of risky and risk-free assets; the capital market line; optimal risky portfolios; diversification; portfolios of two risky assets; minimum variance portfolio; the Markowitz portfolio selection; capital asset pricing model; arbitrage pricing theory; factor models; market efficiency; simulation application. |
The students who have succeeded in this course;
|
Week | Subject | Related Preparation |
1) | • Describe the course. • Differentiate real and financial assets. • Identify the relationship between financial markets and economy. • Explain the specifics of the Money Market • Explain the specifics of the Bond Market • Explain the specifics of the Equity Securities • Discuss the Stock and Bond Market Indexes • Explain the specifics of the Derivative Markets • Syllabus. • Recognize the informational role of Financial Markets • Discuss the consumption timing, allocation of risk, separation of ownership and management and corporate governance and corporate ethics with regard to investment environment. • Justify the the Investment Process. • Argue the the Risk–Return Trade-Off and Efficient Markets. • Discuss the Money Market and the Bond Market instruments. • Define options and futures contracts. | NONE |
2) | • Explain how firms issue securities. • Argue how securities are traded. • Identify market structure in different countries. • Recognize the types of Investment Companies. • Explain the specifics of Mutual Funds. • Discuss the Investment Banking and Initial Public Offerings (IPOs). • Compare Direct Search Markets, Brokered Markets, Dealer Markets and Auction Markets. • Analyze type of orders (Market Orders / Price-Contingent Orders). • Discuss trading mechanisms. • Compare the important securities markets around the world. • Differentiate Buying on Margin and Short Sales. | Review the Syllabus. Read, in Bodie-Kane-Marcus, chapters 1-2-3-4 on pages 1-116. |
3) | • Explain the determinants of the level of Interest Rates. • Compare the rates of return for different holding periods. • Identify risk and risk premiums. • Argue the time series analysis of past rates of return. • Justify the the normal distribution. • Evaluate the deviations from normality and risk measures. • Compare the historical returns on risky portfolios: equities and long-term government bonds. • Distinguish real and nominal rates of interest. • Analyze the effect of taxes on the real rate of interest. • Recognize annual percentage rates and identify continuous compounding. • Compute and evaluate Holding-Period Returns, Expected Return and Standard Deviation, Excess Returns and Risk Premiums. • Identify and analyze the the Reward-to-Volatility (Sharpe) Ratio. • Evaluate Value at Risk, Expected Shortfall, Lower Partial Standard Deviation and the Sortino Ratio meaures with regard to deviations of returns from normality. • Discuss the global view of the historical record on equities and long-term government bonds. | Read, in Bodie-Kane-Marcus, chapter 5 on pages 117-159. Review the Lecture Notes. |
Course Notes / Textbooks: | INVESTMENTS Zvi Bodie-Alex Kane-Alan J. Marcus, 9th ed., 2011 ISBN 978-0-07-353070-0 |
References: | INVESTMENTS Zvi Bodie-Alex Kane-Alan J. Marcus, 9th ed., 2011 ISBN 978-0-07-353070-0 |
Learning Outcomes | 1 |
2 |
3 |
4 |
||||
---|---|---|---|---|---|---|---|---|
Program Outcomes | ||||||||
1) Discloses basic knowledge of international logistics, including development process, new and determinative concepts, scientific methodology, theory and models of logistics discipline. | ||||||||
2) Uses appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in relevant areas, interpret the results and suggest solutions. | ||||||||
3) Designs a logistics system that will support the business mission and objectives. | ||||||||
4) Identifies uncertainties in the logistics and supply chain processes and takes measures to mitigate risks. | ||||||||
5) Can discover and create entrepreneurial opportunities and experience to successfully build and develop self-employment. | ||||||||
6) Analyzes the complex and rapidly changing conditions, the dynamics of the national / international business world, the relevant international logistics and supply chain environment | ||||||||
7) Can translate and explain the contents of documents written in English related to the field. | ||||||||
8) Communicates in written and spoken English with people of different social backgrounds, has global competence in tracking and interpreting global dynamics in logistics and supply chain fields. | ||||||||
9) Can demonstrate personal, professional, social and work ethic standards, assesses the ethical dimensions of the various applications in relevant fields, and becomes aware of the importance of ethical behavior in the process of collecting value added. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Discloses basic knowledge of international logistics, including development process, new and determinative concepts, scientific methodology, theory and models of logistics discipline. | |
2) | Uses appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in relevant areas, interpret the results and suggest solutions. | |
3) | Designs a logistics system that will support the business mission and objectives. | |
4) | Identifies uncertainties in the logistics and supply chain processes and takes measures to mitigate risks. | |
5) | Can discover and create entrepreneurial opportunities and experience to successfully build and develop self-employment. | |
6) | Analyzes the complex and rapidly changing conditions, the dynamics of the national / international business world, the relevant international logistics and supply chain environment | |
7) | Can translate and explain the contents of documents written in English related to the field. | |
8) | Communicates in written and spoken English with people of different social backgrounds, has global competence in tracking and interpreting global dynamics in logistics and supply chain fields. | |
9) | Can demonstrate personal, professional, social and work ethic standards, assesses the ethical dimensions of the various applications in relevant fields, and becomes aware of the importance of ethical behavior in the process of collecting value added. |
Individual study and homework | |
Group study and homework | |
Project preparation |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Homework | |
Individual Project | |
Group project |
Semester Requirements | Number of Activities | Level of Contribution |
Midterms | 1 | % 40 |
Final | 1 | % 60 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 40 | |
PERCENTAGE OF FINAL WORK | % 60 | |
total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 16 | 48 |
Study Hours Out of Class | 15 | 90 |
Homework Assignments | 4 | 8 |
Quizzes | 3 | 3 |
Midterms | 1 | 10 |
Final | 1 | 22 |
Total Workload | 181 |