COURSE UNIT TITLE

: INTERNATIONAL FINANCIAL MARKETS AND DERIVATIVES

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 4012 INTERNATIONAL FINANCIAL MARKETS AND DERIVATIVES ELECTIVE 3 0 0 4

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR MERT URAL

Offered to

Economics (Evening)
Economics

Course Objective

To describe and analyze the international financial markets, and in particular to derivatives.

Learning Outcomes of the Course Unit

1   To explain the concepts of international finance
2   To classify the international monetary system and the IMF's monetary policy
3   To discuss international parity conditions in the framework of the Law of One Price within distinctive aspects
4   To evaluate the theories of foreign exchange market and exchange rates
5   To identify the risks encountered in international financial markets and to draw conclusions based on risk prevention methods
6   To evaluate the historical development process of Euromarkets and the impacts on the international finance
7   To distinguish the difference between Forward, Futures, Options, Swaps contracts with reference to gained knowledge about thee derivative markets

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Financial System, Financial Markets and International Finance
2 International Financial Markets and International Banking
3 Euromarkets (Eurocurrency and Eurocredit Markets)
4 IMF Monetary Policy Classification
5 Conditions of International Parity (Purchasing Power Parity and Interest Rate Parity)
6 Conditions of International Parity (Forward Rate Parity and Fisher Parity)
7 The theories of foreign exchange market and exchange rates
8 The risks encountered in financial markets and hedging fundamentals.
9 Introduction to Derivatives
10 Forward Contracts
11 Futures Contracts
12 Option Contracts
13 Swap Contracts
14 Futures and Options Market in Türkiye

Recomended or Required Reading

Main Source:
Mert URAL, Türev Ürünler ve Riskten Korunma, Detay Yayıncılık, Ankara 2016.

Other Sources:
1. Kasırga YILDIRAK, Nilüfer ÇALIŞKAN ve Şirzat ÇETINKAYA, Türev Ürün Fiyatlama Teknikleri, Literatür Yayınları, Istanbul, 2008.
2. Nurgül CHAMBERS, Türev Piyasalar, 2.Basım, Beta Basım Yayım Dağıtım, Istanbul, 2007.
3. Halil SEYIDOĞLU, Uluslararası Finans, Geliştirilmiş 4. Baskı, Güzem Can Yayınları, No:19, Istanbul, 2003. [Dersin Ana Kaynağıdır.]
4. Maureen BURTON ve Ray LOMBRA, The Financial System and the Economy, Thomson & South-Western Press, United States, 2003.
5. Roy E. BAILEY, The Economics of Financial Markets, Cambridge University Press, United Kingdom, 2005.
6. Ufuk BAŞOĞLU, Ali CEYLAN ve Ilker PARASIZ, Finans, Teori, Kurum, Uygulama, Ekin Kitabevi, Bursa 2001.
7. Muhsin MENGÜTÜRK, International Finance, 2nd Edition, Literatür Yayınları, No:8, Istanbul, 1995.
8. Sadi UZUNOĞLU, Para ve Döviz Piyasaları, Genişletilmiş 2. Basım, Literatür Yayınları, No:92, Istanbul, 2003.
9. Fulya ALPAN, Örneklerle Futures Anlaşmalar ve Opsiyonlar, Literatür Yayınları, No:26, Istanbul, 1999

Planned Learning Activities and Teaching Methods

Course topics with the help of slides that require quantitative analysis of samples processed and analyzed.

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)

mert.ural@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 2 28
Preparation for midterm exam 1 12 12
Preparation for final exam 1 20 20
Midterm 1 1 1
Final 1 1 1
TOTAL WORKLOAD (hours) 104

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.111
LO.2111
LO.3111
LO.41111
LO.5111
LO.6111
LO.71

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

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