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| SEC 406 | Capital Market Analysis | 3+0+0 | ECTS:4 | | Year / Semester | Spring Semester | | Level of Course | First Cycle | | Status | Elective | | Department | DEPARTMENT of ECONOMICS | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Prof. Dr. Halil İbrahim BULUT | | Co-Lecturer | Prof. Dr. Hüseyin DAĞLI, Assist. Prof. Dr. Ahmet KURTARAN | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | To teach the pricing of securities in the capital markets. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | describe the securities and institutions in the capital markets | 1,2,3,5,6,7,8 | 1,3 | | LO - 2 : | explain the investment strategies in the capital markets | 1,2,3,5,6,7,8 | 1,3 | | LO - 3 : | determine the market timing | 1,2,3,5,6,7,8 | 1,3 | | LO - 4 : | select the profitable securities with various methods | 1,2,3,5,6,7,8 | 1,3 | | LO - 5 : | combine the selected securities in a optimal portfolio | 1,2,3,5,6,7,8 | 1,3 | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| Securities markets, instruments, institutions, trading, stock exchanges, ISE, market indexes, bond analysis, stock analysis, fundamental analysis, technical analysis, market efficiency analysis, portfolio analysis, measures of portfolio performance. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Course outline
| | | Week 2 | Capital market instruments; equity securities, bonds, commercial paper, treasury bill, bankers? acceptance, other capital market instruments | | | Week 3 | Capital market institutions; capital markets board, banks, insurance corporations | | | Week 4 | Capital market institutions; securities investment trusts, venture-capital trusts, real estate investment trusts, mutual funds, other institutions | | | Week 5 | Capital markets transactions; public offerings intermediary, buying sellig intermediary, portfolio management, trust company, repo and reverse repo | | | Week 6 | Stock Exchange and ISE; economic function of stock exchange, price formation systems, members of stock exchange, İstanbul Stock Exchange | | | Week 7 | Security markets indexes, index types, index calculating methods | | | Week 8 | Bond valuation; coupon bond pricing, zero coupon bond pricing, measuring of bond yield | | | Week 9 | Mid-term exam | | | Week 10 | Bond price volatility, bond price theories, interest rates structure | | | Week 11 | Fundamental analysis; economy analysis, industry analysis, firm analysis | | | Week 12 | Fundamental analysis; valuation of common stock (dividend discount model, price earning ratio model, market value book value ratio model, price cash flow ratio model) | | | Week 13 | Technical analysis; charts, moving averages, relative stregth analysis, confidence index, short-selling ratio | | | Week 14 | Efficient markets hypothesis; forms of the efficient market, efficient markets hypothesis and fundamental analysis, efficient markets hypothesis and technical analysis | | | Week 15 | Portfolio analysis; return and risk of a security investment, return and risk of portfolio, portfolio selection
| | | Week 16 | End-of-term exam | | | |
| 1 | Dağlı, H. 2009; Sermaye Piyasası ve Portföy Analizi, Derya Kitapevi, 3. Baskı, Trabzon | | | |
| 1 | Aksoy, A. , Tanrıöven, C. , 2007; Sermaye Piyasası Yatırım Araçları ve Analizi, Gazi Kitabevi, Ankara. | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | | 1 | 50 | | End-of-term exam | 16 | | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 4 | 14 | 56 | | Arasınav için hazırlık | 8 | 2 | 16 | | Arasınav | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 11 | 3 | 33 | | Dönem sonu sınavı | 2 | 1 | 2 | | Total work load | | | 150 |
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