COURSE UNIT TITLE

:

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 5062 EFFICIENCY IN FINANCE INDUSTRY ELECTIVE 3 0 0 6

Offered By

Economics

Level of Course Unit

First Cycle(Bachelor's Degree)/Second Cycle(Master's Degree)

Course Coordinator

ASISTANT PROFESSOR ÜZEYIR AYDIN

Offered to

Economics

Course Objective

To explain the inefficiency resources of the financial industry in the case of the mutual funds and insurance sectors; to gain the ability of the industrial strategy development for the decision-making units in the company and the industry by introducing the dynamics of the competitive process with the parametric approaches.

Learning Outcomes of the Course Unit

1   To be able to learn the importance and functioning of insurance and mutual funds in the economy with the scope of financial industry.
2   To be able to analyze insurance and mutual funds for the financial industry from its micro-economic basis
3   To be able to learn the techniques of decision-making and risk under uncertainty.
4   To be able to learn the sources which cause inefficiencies in the financial industry and the theoretical foundations which describes them
5   To be able to analyze with Parametric Approaches (Stochastic frontier analysis SFA) and evaluate efficiency, sustainability and stability compatible with the markets oriented to the process of competition within the context of interaction.
6   To be able to develop strategies to improve competitiveness and efficiency of the insurance and the mutual funds.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 The historical development of the insurance industry, the importance of the industryand its process of institutionalization
2 Factors that determines the structure of the insurance industry, organizational and legal structure, business structure and the functioning of the industry
3 The historical development of the mutual funds, the process of institutionalization and industrialization
4 the factors that determine the occurence of mutual funds and its classification
5 Factors that determines the structure of the mutual funds, organizational and legal structure, business structure and functioning of the industry
6 The risk theories and techniques of decision-making under uncertainty
7 The sources of inefficiency in the financial industry
8 Microeconomic approaches to the sources of inefficiency in the financial industry
9 The methods of efficiency measurement for insurance: SFA (a Mid-Term Exam will be held in this week out of course hour)
10 The methods of efficiency measurement for the mutual fund:, Stochastic Frontier Analysis - SFA
11 The applications of Stochastic Frontier Analysis for insurance and mutual funds
12 Microeconometric applications to analyze the sources of inefficiency in insurance and mutual funds and some samples from applied literature
13 Microeconometric applications to analyze the sources of inefficiency in insurance and mutual funds and some samples from applied literature
14 The evaluation of term projects and the discussions of strategy development

Recomended or Required Reading

Coelli Tim, "A Guide to DEAP version 2.1: A Data Envelopment Analysis (Computer) Program", CEPA Working Paper 96/08, 1996.
Eakins Stanley G., Mishkin Frederic S., Financial Markets and Intitutions, Second Edition, Massachusetts, Longman Inc.,1998. Edminster Robert O., Financial Institutions: Market and Management, New-York, Mc. Graw Hill Book Co. Mc.Graw Hill Series in Finance, 1980.
Davis E.P., Debt, Financial Fragility and Systemic Risk, Oxford, 1992.
Ertuğrul A., Zaim O., Türk Bankacılığında Etkinlik, Bilkamat Işletme ve Finans Yayınları, Yayın no:3, Ankara, 1996.
Kılıç Saim, Türkiye deki Yatırım Fonlarının Performanslarının Değerlendirilmesi, Ankara, Istanbul Menkul Kıymetler Borsası, 2002.
Kök Recep, Deliktaş Ertuğrul, Endüstri Iktisadında Verimlilik Ölçme Ve Strateji Geliştirme Teknikleri (Iş Dünyasından Örneklerle), DEÜ IIBF Yayınları Izmir, 2003.

Planned Learning Activities and Teaching Methods

The estimation methods are used to test the knowledge and the findings with the reference to the textbooks and applied literature. The methods, which analyze the computer based application results, are used.

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 * 0.20 + STT * 0.30 + FIN* 0.50
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.20 + STT * 0.30 + RST* 0.50

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

uzeyir.aydin@deu.edu.tr
4204180 (10621)

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 2 10 20
Preparations before/after weekly lectures 13 3 39
Final 1 4 4
Midterm 1 3 3
TOTAL WORKLOAD (hours) 143

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.1555555
LO.25555555
LO.35555555
LO.4555555
LO.55555555
LO.65555

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

Copyright 2012 DEÜ. BİD

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