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
ELECTIVE

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ÜZEYIR AYDIN

Offered to

Econometrics
Economics
Econometrics (Evening)
Economics (Evening)

Course Objective

To explain the functioning of the financial system with its basic elements, to increase financial literacy, to analyze the economic effects of financial variables that arise due to the 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.
8   To be able to evaluate financial risks and indicators of risks

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, the relations of financial economics with other economic theories
2 Differences between microeconomic and macroeconomic approaches, methods and techniques in financial economics; financial engineering and the relationship between mathematics and financial economics
3 Relationships between the financial structure, system and markets in an economy and the sector Approaches in financial economics as a tool for formulating and evaluating economic policies and basic features of financial indicators
4 Classification of Financial Sector Components According to Regulatory and Supervisory Authority, Financial Institutions
5 Comparison of Financial Services Sector across Countries, Functioning of Financial Markets and Financial Assets
6 Interest Rate: Present Value-Future Value-Real/Nominal/Simple/Compound Interest Types and Determination of Interest Rates
7 Risk and Maturity Structure of Interest Rates, Financial risks and indicators of risks, Hedging, hedging, derivative instruments, financial techniques
8 Financial stability, financial fragility, financial weakness, speculative and ponzi financing
9 BIST: Equity Market, Central Registry Agency, Takasbank
10 BIST: Precious Metals and Stones Market
11 Foreign Exchange and Forex Market
12 Intertemporal utility maximization and wealth distribution, Blockchain and Crypto
13 Macro and micro foundations of financial economics: asset prices, microstructure of asset markets, decision making under uncertainty, portfolio choice

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)
Üzeyir Aydın-Büşra Ağan, Davranışsal Finans, Ekin Yayınları
F.S. Mishkin, Para, Bankacılık ve Finansal Piyasalar Iktisadı
Melih Özçalık ve Mert Soysal, Finansal Kurumlar ve Finansal Krizlerin Ekonomik Etkileri, Ekin Yayınları
Mehmet GÜNAL-Para Banka ve Finansal Sistem
Robert C Merton,. Dale F. Gray and Samuel Malone , Macrofinancial Risk Analysis, by. John Wiley & Sons, 2008.
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
R. E. Bailey, The Economics of Financial Markets , Cambriedge University Pres, George M. Frankfurter, World Scientific Publishing Company
Stephen F. LeRoy Jan Werner, Principles of Financial Economics
R. E. Bailey, The Economics of Financial Markets
Ömer Faruk ÇOLAK, Makro Ekonomik Göstergelerin Yorumu
* 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


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)

uzeyir.aydin@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
Tutorials 14 2 28
Preparations before/after weekly lectures 14 2 28
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) 133

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
LO.8

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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