Course Name | Financial Risk Management |
Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
---|---|---|---|---|---|
ITF 403 | Fall/Spring | 3 | 0 | 3 | 6 |
Prerequisites | None | |||||
Course Language | English | |||||
Course Type | Elective | |||||
Course Level | First Cycle | |||||
Mode of Delivery | - | |||||
Teaching Methods and Techniques of the Course | Problem SolvingQ&ALecturing / Presentation | |||||
Course Coordinator | ||||||
Course Lecturer(s) | ||||||
Assistant(s) |
Course Objectives | The main goal of this class is to introduce the tools/techniques of financial risk management as well as its fundamental concepts. The emphasis will be on derivatives and hedging techniques. |
Learning Outcomes | The students who succeeded in this course;
|
Course Description | This course covers, the evolution of risk management, fundamental concepts of risk management, goals and strategies in risk management, and discussion of major derivative products. |
Related Sustainable Development Goals | |
| Core Courses | |
Major Area Courses | X | |
Supportive Courses | ||
Media and Managment Skills Courses | ||
Transferable Skill Courses |
Week | Subjects | Required Materials |
1 | Risk Concept and History of Derivatives | |
2 | Introduction, Main derivatives products, types of traders | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 1 |
3 | Introduction, Hedging using derivatives | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 1 |
4 | Futures markets & central counterparties | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 2 |
5 | Hedging strategies using futures | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 3 |
6 | Determination of forward and futures prices | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 5 |
7 | Determination of forward and futures prices (contd) | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 5 |
8 | Swaps | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 7 |
9 | Midterm Exam | |
10 | Securitization and the financial crisis of 2007–8 | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 8 |
11 | Mechanics of options markets | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 10 |
12 | Mechanics of options markets (contd) | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 10 |
13 | Credit risk and credit derivatives | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 24 & 25 |
14 | Derivatives mishaps, what we can learn from them?, Turkish Derivatives Markets | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Chapter 37 |
15 | Review of the Semester | |
16 | Final Exam |
Course Notes/Textbooks | Hull, John C. Options, Futures, and Other Derivatives, 11th Edition, Pearson, 2022 |
Suggested Readings/Materials | All announcements, results and materials will be available on the Blackboard site of the course. |
Semester Activities | Number | Weigthing |
Participation | 1 | 10 |
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | ||
Portfolio | ||
Homework / Assignments | ||
Presentation / Jury | 1 | 20 |
Project | ||
Seminar / Workshop | ||
Oral Exam | ||
Midterm | 1 | 30 |
Final Exam | 1 | 40 |
Total |
Weighting of Semester Activities on the Final Grade | 3 | 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 | 16 | 3 | 48 |
Field Work | |||
Quizzes / Studio Critiques | |||
Portfolio | |||
Homework / Assignments | |||
Presentation / Jury | 1 | 17 | |
Project | |||
Seminar / Workshop | |||
Oral Exam | |||
Midterms | 1 | 25 | |
Final Exams | 1 | 30 | |
Total | 168 |
# | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
1 | To be able to identify and analyze problems in the field of trade and finance, and to develop solutions. | X | ||||
2 | To be able to use the theoretical and practical knowledge gained in the field of International Trade and Finance. | X | ||||
3 | To be able to analyze the developments in global markets by using critical thinking skills. | |||||
4 | To be able to analyze and interpret data in the field of finance, commerce and economics by using information technologies effectively. | |||||
5 | To be able to acquire knowledge about the legal regulations and practices in the field. | |||||
6 | To be able to foresee and define the risks that could be encountered in the field of trade and finance and to take decisions to manage such risks. | X | ||||
7 | To be able to acquire and use verbal and numerical skills necessary for the nature of the International Trade and Finance program. | X | ||||
8 | To be able to obtain, synthesize and report the information related to the fields of trade and finance. | |||||
9 | To be able to contribute to the solution of problems as individual, team member or leader. | |||||
10 | To be able to evaluate the issues related to the field with an ethical perspective and social sensitivity. | |||||
11 | To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). | |||||
12 | To be able to speak a second foreign at a medium level of fluency efficiently. | |||||
13 | To be able to relate the knowledge accumulated throughout human history to their field of expertise. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest