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Course Code: 
AFN 416
Course Period: 
Spring
Course Type: 
Core
P: 
3
Application: 
0
Credits: 
3
ECTS: 
6
Prerequisite Courses: 
Course Language: 
İngilizce
Course Objectives: 

This course aims to introduce specifically Turkish capital markets to expand students’ awareness and understanding of the financial markets, products offered and the interplay of macroeconomics on asset market movements. Through classroom discussions the student’s acquaintance with policy issues affecting development of securities markets is achieved. The topics discussed familiarize the students with the role of participants and the legal, regulatory framework affecting the developments in the Turkish capital market.

Course Content: 

Turkish capital market and the role of participants; Legal and regulatory framework; Primary and secondary markets and trading mechanics; Case studies. 

Course Methodology: 
1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study
Course Evaluation Methods: 
A: Testing, B: Presentation, C: Homework, D: Project, E:Laboratory

Vertical Tabs

Course Learning Outcomes

Learning Outcomes

Program Learning Outcomes

Teaching Methods

Assessment Methods

1. To be able to explain the issues concerning the development of financial and capital markets in Turkey.

1,2,5,6,7,8,10

 

1,2,3,5

A,C

2. To be able to identify the institutional players and their role in the development of capital markets in Turkey.

1,5,6,8,10

 

1,2,3,5

A,C

3. To be able to interpret the role of regulatory bodies (mainly CMB- Capital Market Board of Turkey- in the development of  Turkish capital markets 

1,5,6,8,10

 

1,2,3,5

A,C

4. To be able to identify Turkish capital market instruments

1,2,5,8,10

 

1,2,3,5

A,C

5. To be able to describe and analyze  the structure of the Istanbul Stock Exchange

1,2,5,8,10

 

1,2,3,5

A,C

 
 

Course Flow

Week

Topics

Study Materials

1

Markets

Handouts

2

Turkish Financial System

Handouts

3

Main Features of Turkish Financial Markets

Handouts

4

Analysis of Turkish Capital Markets

Handouts

5

Capital Market Institutions

Handouts

6

Capital Market Instruments

Handouts

7

Capital Markets Board of Turkey (CMB)

Handouts

8

Self- Regulatory Organizations (SRO’s), Exchanges, Post-Trade Organizations

Handouts

9

Three Functions of the CMB: Regulation, Oversight and Supervision (Enforcement)

Handouts

10

Regulatory Framework of Turkish Capital Markets

Handouts

11

International Capital Market Issues

Handouts

12

A Case-study on a Publicly-traded Bank in Turkey

Handouts

13

Initial Public Offerings  (IPO’s) in Turkey

Handouts

14

On-site Class at the Istanbul Stock Exchange (Istinye/Istanbul)

Handouts

15

Final

 

 

Recommended Sources

Textbook

Fabozzi, Frank J.; Franco Modigliani, Capital Markets: Institutions and Instruments, 4th Edition, USA, Prentice Hall, 2009.

Additional Resources

Online resources, Articles, Handouts

 
 

Material Sharing

Documents

Homework assignments, Articles.

Assignments

Homework assignments

Exams

Midterm Exam and Final Exam

 
 

Assessment

IN-TERM STUDIES

NUMBER

PERCENTAGE

Mid-terms

1

50

Quizzes

2

10

Assignment

1

40

Total

 

100

CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE

 

40

CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE

 

60

Total

 

100

 

 

COURSE CATEGORY

Expertise/Field Courses

 
 

Course’s Contribution to Program

COURSE'S CONTRIBUTION TO PROGRAM

No

Program Learning Outcomes

Contribution

1

2

3

4

5

 

1

To understand the core principles of finance and to be able to apply them both nationally and internationally.

 

 

 

X

 

 

2

To formulate solutions to finance problems by effectively using contemporary information technologies and up-to-date financial instruments.

 

 

X

 

 

 

3

To judge the best possible outcome to problems that require ethical and social responsibility-based thinking by identifying stakeholders and weighing alternative solutions.

 

 

 

 

 

 

4

To develop the necessary background to be able to work in multicultural and multilingual environments.

 

 

 

X

 

 

5

To analyze the developments in financial markets by interpreting and distinguishing among the factors affecting them.

 

 

 

 

X

 

6

To recognize management tools and models specific to multinational companies and to be able to apply them where necessary.

 

 

X

 

 

 

7

To understand the structure of the global economic system and to be able to analyze how new developments will affect this structure.

 

 

 

 

X

 

8

To be able to use critical thinking ability in decision making process.

 

X

 

 

 

 

9

To develop and demonstrate the leadership, teamwork and communication skills that may be transferred to the lifelong learning process.

 

 

X

 

 

 

10

To interpret environmental and sustainability issues by implementing quality management processes.

 

 

 

 

 

 

 
 

ECTS

Activities

Quantity

Duration
(Hour)

Total
Workload
(Hour)

Course Duration (Including the exam week: 15x Total course hours)

15

3

45

Hours for off-the-classroom study (Pre-study, practice)

15

4

60

Mid-terms

1

10

10

Homework

1

15

10

Final examination

1

15

15

Total Work Load

 

 

140

Total Work Load / 25 (h)

 

 

5.6

ECTS Credit of the Course

 

 

6

 
 
4