Course Detail
Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|
FINANCIAL RISK and DERIVATIVE MARKETS | BAN3156350 | Fall Semester | 3+0 | 3 | 5 |
Prerequisites Courses | |
Recommended Elective Courses | |
Language of Course | Turkish |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Required |
Course Coordinator | Prof.Dr. Hasan DİNÇER |
Name of Lecturer(s) | Prof.Dr. Hasan DİNÇER |
Assistant(s) | |
Aim | To teach derivatives that are financial risk protection elements. |
Course Content | This course contains; Futures Markets -Spot Markets,Risk Management and Futures Markets,Development of Futures Markets in Risk Management,Futures Market Functions,Basic Strategies in Derivatives Market,Forward Contracts,Futures Contracts,Option Market: Basic Concepts-Option Pricing,Option Strategies,Advanced Option Strategies I,Advanced Option Strategies II,Swap Agreements and Methods,The Development and Functioning of Futures Market in Turkey,The Current Situation of the Future Markets in the World. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1. Will be able to evaluate derivate markets. | 16, 9 | A |
1.1. Explains the basic function of futures markets. | | A |
1.2. Explains the differences between futures markets and spot markets. | | A |
1.3. Explains over the counter and organize markets of the derivatives | | A |
2. Will be able to analyses option strategies. | 16, 9 | A |
2.1. explains option strategies. | | A |
2.2. Interprets on which strategy to use. | | A |
3. will be able to interpret financial risk and hedging transactions in futures markets. | 16, 9 | A |
3.1. Explains the elements of futures contracts. | | A |
3.2. Interprets hedging transactions with futures contracts. | | A |
3.3. Explains the role of futures markets in protecting financial risks. | | A |
4. Will be able to compare the derivatives used in risk management. | 16, 9 | A |
4.1. Explains forwards contracts. | | A |
4.2. Explains Futures contracts. | | A |
4.3. Explains Options contracts. | | A |
4.4. Explains swaps contracts. | | A |
5. will be able to evaluate how derivative products are used and how they are used. | 16, 9 | A |
5.1. Explains the purpose of use of derivative products. | | A |
5.2. Explains the functioning of derivative products. | | A |
6. will be able to evaluate pricing models. | 16, 9 | A |
6.1. Explains pricing models of derivative products. | | A |
6.2. Calculates prices with the pricing models of derivative products. | | A |
Teaching Methods: | 16: Question - Answer Technique, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam |
Course Outline
Order | Subjects | Preliminary Work |
---|
1 | Futures Markets -Spot Markets | Examination of academic studies on the subject. |
2 | Risk Management and Futures Markets | Examination of academic studies on the subject. |
3 | Development of Futures Markets in Risk Management | Examination of academic studies on the subject. |
4 | Futures Market Functions | Examination of academic studies on the subject. |
5 | Basic Strategies in Derivatives Market | Examination of academic studies on the subject. |
6 | Forward Contracts | Examination of academic studies on the subject. |
7 | Futures Contracts | Examination of academic studies on the subject. |
8 | Option Market: Basic Concepts-Option Pricing | Examination of academic studies on the subject. |
9 | Option Strategies | Examination of academic studies on the subject. |
10 | Advanced Option Strategies I | Examination of academic studies on the subject. |
11 | Advanced Option Strategies II | Examination of academic studies on the subject. |
12 | Swap Agreements and Methods | Examination of academic studies on the subject. |
13 | The Development and Functioning of Futures Market in Turkey | Examination of academic studies on the subject. |
14 | The Current Situation of the Future Markets in the World | Examination of academic studies on the subject. |
Resources |
Doç. Dr. Ayben Koy, Türev Piyasalar, Seçkin Yayıncılık, 2023
Doç.Dr. Nurgül Chambers, Türev Piyasalar, İstanbul, 2009.
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
“Fundamentals of Derivatives Markets” R. McDonald, Pearson Addison Wesley, 2009
|
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
“Fundamentals of Derivatives Markets” R. McDonald, Pearson Addison Wesley, 2009 |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications |
No | Program Qualification | Contribution Level |
1 | 2 | 3 | 4 | 5 |
1 | Defines the basic concepts of banking and insurance. | | X | | | |
2 | Describes the mathematical and statistical methods of banking and insurance | | | X | | |
3 | Uses the computer programs needed in banking and insurance | | X | | | |
4 | Uses the professional foreign language proficiency required in banking and insurance | X | | | | |
5 | Prepares the project and manage the teamworks | X | | | | |
6 | Uses the theoretical and practical knowledge of the banking and insurance. | | X | | | |
7 | Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning | X | | | | |
8 | Uses verbal and written communication skills using the latest technologies and at least one foreign language | X | | | | |
9 | Accepts ethical values and social rights and applies them | | X | | | |
10 | Analyzes and discusses using the data of banking and insurance | | X | | | |
11 | Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.) | | | X | | |
12 | Offers micro and macro suggestions on the problems in the banking and insurance sector | | X | | | |
Assessment Methods
Contribution Level | Absolute Evaluation |
Rate of Midterm Exam to Success | | 40 |
Rate of Final Exam to Success | | 60 |
Total | | 100 |
ECTS / Workload Table |
Activities | Number of | Duration(Hour) | Total Workload(Hour) |
Course Hours | 14 | 3 | 42 |
Guided Problem Solving | 14 | 3 | 42 |
Resolution of Homework Problems and Submission as a Report | 2 | 8 | 16 |
Term Project | 0 | 0 | 0 |
Presentation of Project / Seminar | 1 | 3 | 3 |
Quiz | 0 | 0 | 0 |
Midterm Exam | 1 | 15 | 15 |
General Exam | 1 | 32 | 32 |
Performance Task, Maintenance Plan | 0 | 0 | 0 |
Total Workload(Hour) | 150 |
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(150/30) | 5 |
ECTS of the course: 30 hours of work is counted as 1 ECTS credit. |
Detail Informations of the Course
Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|
FINANCIAL RISK and DERIVATIVE MARKETS | BAN3156350 | Fall Semester | 3+0 | 3 | 5 |
Prerequisites Courses | |
Recommended Elective Courses | |
Language of Course | Turkish |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Required |
Course Coordinator | Prof.Dr. Hasan DİNÇER |
Name of Lecturer(s) | Prof.Dr. Hasan DİNÇER |
Assistant(s) | |
Aim | To teach derivatives that are financial risk protection elements. |
Course Content | This course contains; Futures Markets -Spot Markets,Risk Management and Futures Markets,Development of Futures Markets in Risk Management,Futures Market Functions,Basic Strategies in Derivatives Market,Forward Contracts,Futures Contracts,Option Market: Basic Concepts-Option Pricing,Option Strategies,Advanced Option Strategies I,Advanced Option Strategies II,Swap Agreements and Methods,The Development and Functioning of Futures Market in Turkey,The Current Situation of the Future Markets in the World. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1. Will be able to evaluate derivate markets. | 16, 9 | A |
1.1. Explains the basic function of futures markets. | | A |
1.2. Explains the differences between futures markets and spot markets. | | A |
1.3. Explains over the counter and organize markets of the derivatives | | A |
2. Will be able to analyses option strategies. | 16, 9 | A |
2.1. explains option strategies. | | A |
2.2. Interprets on which strategy to use. | | A |
3. will be able to interpret financial risk and hedging transactions in futures markets. | 16, 9 | A |
3.1. Explains the elements of futures contracts. | | A |
3.2. Interprets hedging transactions with futures contracts. | | A |
3.3. Explains the role of futures markets in protecting financial risks. | | A |
4. Will be able to compare the derivatives used in risk management. | 16, 9 | A |
4.1. Explains forwards contracts. | | A |
4.2. Explains Futures contracts. | | A |
4.3. Explains Options contracts. | | A |
4.4. Explains swaps contracts. | | A |
5. will be able to evaluate how derivative products are used and how they are used. | 16, 9 | A |
5.1. Explains the purpose of use of derivative products. | | A |
5.2. Explains the functioning of derivative products. | | A |
6. will be able to evaluate pricing models. | 16, 9 | A |
6.1. Explains pricing models of derivative products. | | A |
6.2. Calculates prices with the pricing models of derivative products. | | A |
Teaching Methods: | 16: Question - Answer Technique, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam |
Course Outline
Order | Subjects | Preliminary Work |
---|
1 | Futures Markets -Spot Markets | Examination of academic studies on the subject. |
2 | Risk Management and Futures Markets | Examination of academic studies on the subject. |
3 | Development of Futures Markets in Risk Management | Examination of academic studies on the subject. |
4 | Futures Market Functions | Examination of academic studies on the subject. |
5 | Basic Strategies in Derivatives Market | Examination of academic studies on the subject. |
6 | Forward Contracts | Examination of academic studies on the subject. |
7 | Futures Contracts | Examination of academic studies on the subject. |
8 | Option Market: Basic Concepts-Option Pricing | Examination of academic studies on the subject. |
9 | Option Strategies | Examination of academic studies on the subject. |
10 | Advanced Option Strategies I | Examination of academic studies on the subject. |
11 | Advanced Option Strategies II | Examination of academic studies on the subject. |
12 | Swap Agreements and Methods | Examination of academic studies on the subject. |
13 | The Development and Functioning of Futures Market in Turkey | Examination of academic studies on the subject. |
14 | The Current Situation of the Future Markets in the World | Examination of academic studies on the subject. |
Resources |
Doç. Dr. Ayben Koy, Türev Piyasalar, Seçkin Yayıncılık, 2023
Doç.Dr. Nurgül Chambers, Türev Piyasalar, İstanbul, 2009.
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
“Fundamentals of Derivatives Markets” R. McDonald, Pearson Addison Wesley, 2009
|
Robert W. Kolb, Futures, Options and Swaps, Fouth Edition, Blackwell Publishing, 2003.
“Fundamentals of Derivatives Markets” R. McDonald, Pearson Addison Wesley, 2009 |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications |
No | Program Qualification | Contribution Level |
1 | 2 | 3 | 4 | 5 |
1 | Defines the basic concepts of banking and insurance. | | X | | | |
2 | Describes the mathematical and statistical methods of banking and insurance | | | X | | |
3 | Uses the computer programs needed in banking and insurance | | X | | | |
4 | Uses the professional foreign language proficiency required in banking and insurance | X | | | | |
5 | Prepares the project and manage the teamworks | X | | | | |
6 | Uses the theoretical and practical knowledge of the banking and insurance. | | X | | | |
7 | Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning | X | | | | |
8 | Uses verbal and written communication skills using the latest technologies and at least one foreign language | X | | | | |
9 | Accepts ethical values and social rights and applies them | | X | | | |
10 | Analyzes and discusses using the data of banking and insurance | | X | | | |
11 | Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.) | | | X | | |
12 | Offers micro and macro suggestions on the problems in the banking and insurance sector | | X | | | |
Assessment Methods
Contribution Level | Absolute Evaluation |
Rate of Midterm Exam to Success | | 40 |
Rate of Final Exam to Success | | 60 |
Total | | 100 |
Numerical Data
Ekleme Tarihi: 09/10/2023 - 08:31Son Güncelleme Tarihi: 09/10/2023 - 08:38
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