| Course Name | Investment Analysis and Portfolio Management |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| ITF 510 | 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 | ||||||
| Course Coordinator | ||||||
| Course Lecturer(s) | - | |||||
| Assistant(s) | ||||||
| Course Objectives | The Primary objective is to introduce graduate students the basic concepts of investing, the tools and principles to be able to better understand trading in financial markets. It is also aimed that students will be equipped with the knowledge for portfolio selection, portfolio management and investment evaluation through theoretical methodologies. Through solving the problems it is aimed to develop and increase the skills of the student in the field of investment and portfolio construction. |
| Learning Outcomes | The students who succeeded in this course;
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| Course Description | Topics covered are: investment environment, market players, securities markets, portfolio risk and return, efficient diversification, CAPM and APT, Efficient market hypothesis and Behavioral Finance and Technical Analysis. |
| Related Sustainable Development Goals |     |
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| Core Courses | |
| Major Area Courses | X | |
| Supportive Courses | ||
| Media and Managment Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Required Materials |
| 1 | Introduction | |
| 2 | The Investment Environment: a) Real Assets / Financial Assets b) Financial Markets and the Economy c) Market Players d) Recent Trends | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 3 | Asset Classes and Financial Instruments: a) The Money Market b) The Bond Market c) Equity Securities d) Stock and Bond Market Indexes e) Derivative Markets | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 4 | Securities Markets: a) How firms Issue Securities: IPO b) US Securities Markets c) Types of Orders d) Short Sales | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 5 | Mutual Funds and Other Investment Companies: a) Investment Companies b) Mutual funds c) Cost of Investing in Mutual Funds d) Exchange Traded Funds | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 6 | Risk and Return: a) The Concept of Risk and Rates of Return in Financial Assets b) Risk and Return analysis c) Risk Premium d) Normal Distribution e) LongTerm Investments | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 7 | Risk and Return: a) The Concept of Risk and Rates of Return in Financial Assets b) Risk and Return analysis c) Risk Premium d) Normal Distribution e) LongTerm Investments | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 8 | Value at Risk Calculation | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 9 | Problem Solutions | |
| 10 | Midterm Exam | |
| 11 | Risk aversion and Capital Allocation to Risky Assets: a) Risk and Risk Aversion b) RiskFree Asset c) Passive Strategies: The Capital Market Line | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 12 | Index Models: a) The Single Index Model b) Portfolio Construction and the Single Index Model | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 13 | Capital Asset Pricing Model | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 14 | Arbitrage Pricing Theory | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition |
| 15 | Problem Solutions | |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Zvi Bodie, Alex Kane, Alan J. Marcus, “Investments”, McGrawHill – 9th Edition, ISBN: 978-0078034695 |
| Suggested Readings/Materials | Financial Times, Wall Street Journal, The Economist, Journal of Portfolio Management, Financial Analysts Journal |
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | 1 | 30 |
| Presentation / Jury | ||
| Project | 1 | 30 |
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | ||
| Final Exam | 1 | 40 |
| Total |
| Weighting of Semester Activities on the Final Grade | 2 | 60 |
| Weighting of End-of-Semester Activities on the Final Grade | 1 | 40 |
| Total |
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Course Hours (Including exam week: 16 x total hours) | 16 | 3 | 48 |
| Laboratory / Application Hours (Including exam week: 16 x total hours) | 16 | ||
| Study Hours Out of Class | 0 | ||
| Field Work | |||
| Quizzes / Studio Critiques | |||
| Portfolio | |||
| Homework / Assignments | 2 | 16 | |
| Presentation / Jury | |||
| Project | 1 | 60 | |
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | |||
| Final Exams | 1 | 70 | |
| Total | 210 |
| # | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
| 1 | To be able to contribute to the science by improving the knowledge in the field with a level of sufficient expertise based on the qualifications of the master degree. | X | ||||
| 2 | To be able to identify, analyze and interpret the oriented problems of the financial science and the business world. | X | ||||
| 3 | To be able to develop a unique idea, method or application in the field of finance. | X | ||||
| 4 | To be able to transform knowledge in the field to an academic research by mastering existing theory and research in its field. | X | ||||
| 5 | To be able to gain effective communication skills that enables to express the original research results and opinions in the field of finance at scientific meetings and/or within the expert community. | X | ||||
| 6 | To be able to use the results of scientific studies conducted in the field, in relevant refereed journals while publicising them or presenting them in scientific meetings while disseminating knowledge gained. | X | ||||
| 7 | To be able to analyze and resolve national and international developments and its influences on markets with an interdisciplinary perspective. | X | ||||
| 8 | To be able to conduct independent research. | X | ||||
| 9 | To be able to demonstrate ethical values in the stages of collection, interpretation, dissemination and application of data related to finance field. | X | ||||
| 10 | To be able to prepare an original thesis / term project in accordance with the criteria related to the field of finance. | |||||
| 11 | 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
