COURSE UNIT TITLE

: FINANCIAL DERIVATIVES

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
FIB 5118 FINANCIAL DERIVATIVES ELECTIVE 3 0 0 5

Offered By

Financial Economics and Banking

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR MERT URAL

Offered to

Financial Economics and Banking

Course Objective

The purpose of this course is to analyze derivatives, options and futures contracts, pricing, arbitrage, to teach the use of derivatives for hedging and financial risk management.

Learning Outcomes of the Course Unit

1   To be able to learn the risks that fund demanders and suppliers encountered
2   To be able to understand the roles of financial derivative markets in risk management
3   To be able to learn derivatives.
4   To be able to understand transactions and strategies of derivatives.
5   To be able to learn pricing models of derivatives.
6   To be able to make financial calculations related to derivatives.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Historical Development of Derivatives Market
2 Hedging with Derivatives
3 Contracts in Derivatives Market
4 Forward contracts
5 Futures contracts
6 Options contracts
7 Swap Contracts (Midterm exam will also be held this week after course hour)
8 Derivatives Identity Numbers
9 Swap Contracts
10 Warrant Contracts
11 Comparision Between Options and Warrant Contracts
12 Options Strategies
13 Derivatives Pricing Models
14 Examples with solutions

Recomended or Required Reading

Main reference book:
John C. Hull, Options, Futures, and Other Derivatives, Prentice Hall, 2011.

Supplementary references:
Robert Kolb, Financial Derivatives, 1996.
Philip James Hunt, J. E. Kennedy, Financial Derivatives in Theory and Practice, 2004.
John C. Hull, Fundamentals of Futures and Options Markets, Prentice Hall, 2006.
Nurgül Chambers, Türev Piyasalar, Beta Yayınları, 2.baskı, Istanbul, 2007.
Kasırga Yıldırak, Nilüfer Çalışkan ve Şirzat Çetinkaya, m, Literatür Yayınları, Istanbul, 2008.
Salih Neftçi, Principles of Financial Engineering (2nd ed.), 2008.
Güneş Kasap, M. Barış Akçay, Mehmet Kasap, Taner Doğuç, Türev Piyasalar ve Yapılandırılmış Ürünler; Finans Mühendisliği ve Risk Yönetimi Perspektifiyle, Scala Yayıncılık, 2012.

Planned Learning Activities and Teaching Methods

The course depends on evaluation of verbal and numerical data.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.20 + FIN* 0.50
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.20 + RST* 0.50


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
3010641

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparation for midterm exam 1 15 15
Preparation for final exam 1 20 20
Preparing assignments 1 25 25
Reading 1 15 15
Preparations before/after weekly lectures 14 1 14
Midterm 1 3 3
Final 1 3 3
TOTAL WORKLOAD (hours) 137

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.155555
LO.255555
LO.3555555
LO.4555555
LO.5555555
LO.6555555

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

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