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&ALecture / 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. Detailed information on the enterprise risk management process will be discussed. |
Learning Outcomes | The students who succeeded in this course;
|
Course Description | This course covers, the evolution of risk management, enterprise risk management approach, fundamental concepts of risk management, goals and strategies in risk management, design and application of risk management systems. |
Related Sustainable Development Goals |
| Core Courses | |
Major Area Courses | ||
Supportive Courses | X | |
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 have a grasp of basic mathematics, applied mathematics or theories and applications of statistics. | |||||
2 | To be able to use advanced theoretical and applied knowledge, interpret and evaluate data, define and analyze problems, develop solutions based on research and proofs by using acquired advanced knowledge and skills within the fields of mathematics or statistics. | X | ||||
3 | To be able to apply mathematics or statistics in real life phenomena with interdisciplinary approach and discover their potentials. | |||||
4 | To be able to evaluate the knowledge and skills acquired at an advanced level in the field with a critical approach and develop positive attitude towards lifelong learning. | X | ||||
5 | To be able to share the ideas and solution proposals to problems on issues in the field with professionals, non-professionals. | X | ||||
6 | To be able to take responsibility both as a team member or individual in order to solve unexpected complex problems faced within the implementations in the field, planning and managing activities towards the development of subordinates in the framework of a project. | |||||
7 | To be able to use informatics and communication technologies with at least a minimum level of European Computer Driving License Advanced Level software knowledge. | X | ||||
8 | To be able to act in accordance with social, scientific, cultural and ethical values on the stages of gathering, implementation and release of the results of data related to the field. | |||||
9 | To be able to possess sufficient consciousness about the issues of universality of social rights, social justice, quality, cultural values and also environmental protection, worker's health and security. | |||||
10 | To be able to connect concrete events and transfer solutions, collect data, analyze and interpret results using scientific methods and having a way of abstract thinking. | |||||
11 | To be able to collect data in the areas of Mathematics or Statistics and communicate with colleagues in a foreign language. | |||||
12 | To be able to speak a second foreign language at a medium level of fluency efficiently. | |||||
13 | To be able to relate the knowledge accumulated throughout the human history to their field of expertise. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest