COURSE INTRODUCTION AND APPLICATION INFORMATION


Course Name
Research Seminar in Finance
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ITF 603
Fall
3
0
3
10
Prerequisites
None
Course Language
English
Course Type
Required
Course Level
Third Cycle
Course Coordinator
Course Lecturer(s)
Assistant(s) -
Course Objectives
Students will be familiar with the current literature and methods to investigate a range of topics in finance. Students will learn how to read and interpret academic research.
Learning Outcomes The students who succeeded in this course;
  • will be able to develop research skills as a necessary prerequisite for being an academician
  • will be able to conduct an appropriate literature review in academic research
  • will be able to analyze the most cited academic papers in the field of finance
  • will be able to reach a competency level to conduct academic research and write an academic paper
  • will be able to develop appropriate approach and methodology for research
Course Content A number of topics in finance that are of recent interest to the finance discipline will be explored in the form of workshops and seminars and through the reading of the relevant academic research papers published in peerreviewed journals and other sources.For each topic, the lecturer will give a brief overview and facilitate the subsequent workshop/seminar.

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Fama (Efficient capital markets A review of theory and empirical work) Paper presentation and report submission
2 MarkowitzPortfolio selection Paper presentation and report submission
3 SharpeCapital asset prices A theory of market equilibrium under conditions of risk Paper presentation and report submission
4 RossThe arbitrage theory of capital asset pricing Paper presentation and report submission
5 JensenAgency Costs of Free Cash Flow, Corporate Finance, and Takeovers Paper presentation and report submission
6 JensenMecklingTheory of the firm Managerial behavior, agency costs and ownership structure Paper presentation and report submission
7 MIDTERM
8 ModiglianiMillerThe cost of capital, corporation finance and the theory of investment Paper presentation and report submission
9 ModiglianiMillerDividend Policy, Growth, and the Valuation of Shares Paper presentation and report submission
10 CoxRossIngersollA theory of the term structure of interest rates Paper presentation and report submission
11 BlackScholes The pricing of options and corporate liabilities Paper presentation and report submission
12 FamaMachbethRisk,return and equilibrium Empirical tests Paper presentation and report submission
13 John LintnerThe Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets Paper presentation and report submission
14 MyersMajlufCorporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Have Paper presentation and report submission
15 RESEARCH PROPOSAL SUBMISSION
16 Review of the Semester  
Course Textbooks Academic articles
References Brigham,Gapenski (Financial Management: Theory and Practice) Copeland, Weston (Financial Theory and Corporate Policy)

 

EVALUATION SYSTEM

Semester Requirements Number Percentage
Participation
16
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Homework / Assignments
4
10
Presentation / Jury
10
20
Project
Seminar / Workshop
Midterms / Oral Exams
1
30
Final / Oral Exam
1
30
Total

Contribution of Semester Work to Final Grade
70
Contribution of Final Work to Final Grade
30
Total

ECTS / WORKLOAD TABLE

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
2
Field Work
Quizzes / Studio Critiques
Homework / Assignments
4
2
Presentation / Jury
10
2
Project
23
Seminar / Workshop
Midterms / Oral Exams
1
15
Final / Oral Exam
1
20
    Total
143

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Qualifications / Outcomes
* Level of Contribution
1
2
3
4
5
1 Developing scientific expertise and capabilities in the field of finance through using creative and critical thinking and research skills; innovatively contribute to the discipline by new ideas and definitions based on the graduate level qualifications.
2 Comprehending the interaction across various disciplines related to the field of finance, reaching at original conclusions by using new and complex analysis, synthesis and evaluation skills.
3 Developing and championing new approaches to contribute the field of finance through apprehending the research methods.
4 Contributing to the science of finance through developing new methods or implementing an existing method to a different field through investigating, comprehending, designing original topics.
5 Conducting independent research, analyzing scientific phenomenon through broad, deep and critical perspective, arriving at new syntheses and evaluations in the discipline of finance.
6 Publishing scientific articles in reputable refereed national and international journals, presenting papers in scientific conferences in the field of finance and its sub-disciplines.
7 Following, attending and organizing national and international events such as conferences, seminars and panels to keep up with developments and create new solutions to the problems in the field of finance.
8 Following pioneering and innovative theories and methods in the field of finance and implementing them in analysis and research.
9 Developing creative solutions to the social, scientific and ethical issues within the scope of finance and business life and extending values that supports these solutions.
10 Being able to use English fluently for both comprehending and publishing scientific publications and developing proper communication.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 

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