COURSE UNIT TITLE

: FINANCIAL ECONOMICS

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 3020 FINANCIAL ECONOMICS ELECTIVE 3 0 0 5

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ÜZEYIR AYDIN

Offered to

Econometrics
Econometrics (Evening)
Economics
Economics (Evening)

Course Objective

To explain the approaches developed in the context of the analysis of the economic effects of financial variables which is caused by an increase in borrowing relations.

Learning Outcomes of the Course Unit

1   To be able to analyze the necessity of financial economics as a sub-discipline of economics.
2   To be able to analyze the effects of the increase in the economic decision makers' debt on these conomic units preferences.
3   To be able to explain the approaches in the field of financial economics as a tool of the formulation and evaluation of economic policies.
4   To be able to apply the basic tools of economic theory to the financially developed economies.
5   To be able to describe the tools to analyze the effects of the financial instruments development in the micro and macro level.
6   To be able to analyze the relationship between financial indicators of the economy and other economic indicators.
7   To be able to evaluate the constraints formed by the financial risks in terms of the economic policies.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 The emergence of financial economics as a science and the relationship between financial economics and other economic theories
2 The micro-economic and macro-economic approach in the financial economics, the differences between the methods and techniques of; the relationship between financial engineering and mathematical - financial economics
3 The relationships between markets, sectors, financial structure and system in the economy
4 The basic characteristics of financial indicators and the approaches in the field of financial economics as a tool for the creation and evaluation of economic policies
5 The concept of liquidity, liquidity and volatility in the financial markets
6 Financial risks and risk indicators
7 Hedging, derivatives, financial techniques
8 Midterm Exam
9 Midterm Exam
10 Financial stability, financial fragility, financial weakness, speculative and Ponzi-type financing
11 Financial intermediation and financial markets, functions of financial markets and financial intermediation, the monetary transmission mechanism and financial intermediaries
12 Micro foundations of financial economics: asset prices, micro-structure of asset markets, decision making under uncertainty, portfolio selection, capital pricing model
13 Intertemporal budget curve, intertemporal indiference curve, intertemporal utility maximization and wealth distribution
14 Macro-economic approach in the financial economics

Recomended or Required Reading

* Robert C Merton,. Dale F. Gray and Samuel Malone , Macrofinancial Risk Analysis, by. John Wiley & Sons, 2008. (2., 3., 7,.8.,9,.10.11 bölümler)
* Stephen F. LeRoy Jan Werner , Principles of Financial Economics , Cambridge University Press, 2001
* Yvan Lengwiler, Microfoundations of Financial Economics: An Introduction to General Equilibrium Asset Pricing (Princeton Series in Finance), Princeton University Press (1. Ve 6 . bölümler)
* R. E. Bailey, The Economics of Financial Markets , Cambriedge University Pres, 2005.
* George M. Frankfurter, Theory and Reality in Financial Economics: Essays Toward a New Political Finance , World Scientific Publishing Company

Planned Learning Activities and Teaching Methods

It will be controlled whether the subject is understood by asking students at least ten questions on the subject after processing each subject.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 MTEG MIDTERM GRADE MTEG * 1
3 FIN FINAL EXAM
4 FCGR FINAL COURSE GRADE MTEG * 0.40 + FIN * 0.60
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTEG * 0.40 + RST * 0.60


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

hakan.kahyaoglu@.deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Tutorials 12 2 24
Preparations before/after weekly lectures 12 2 24
Preparation for midterm exam 1 4 4
Preparation for final exam 1 9 9
Reading 4 5 20
Final 1 1 1
Midterm 1 1 1
TOTAL WORKLOAD (hours) 119

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.111
LO.2111
LO.311
LO.411
LO.51
LO.6111
LO.711

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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