COURSE UNIT TITLE

: PORTFOLIO MANAGEMENT

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
FIB 5006 PORTFOLIO MANAGEMENT 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 ISMAIL MAZGIT

Offered to

Financial Economics and Banking

Course Objective

The aim of the course is to teach the techniques for generating and managing portfolio type investments and security analysis.

Learning Outcomes of the Course Unit

1   To be able to learn the general concepts related with security investments.
2   To be able to do investment timing to bond and stock certificates.
3   To be able to use main analysis methods to stock certificate investments.
4   To be able to do expected return and risk calculations in base of security investments and using them in investment decisions by comparing.
5   To be able to do expected return and risk calculations in base of portfolio; to establish portfolios according to different criterias and to revise when needed.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Financial investment decision, inflation and return rates, risk types in financial investments
2 Stock certificate and bond markets; analysis of market indicators; data sources
3 Interest rate calculations (simple interest rate-compound interest); time value of the money (present value-future value); ordinary annuity (present and future values of annuity); internal discount, external discount
4 Theoritical price in coupon bond (the coupon payment date, interval date calculations, issue date)
5 Return criterion in the bonds; price movements in bonds; duration (time) analysis
6 General features of stock certificate and value definitions; valuation of stock certificates through market multiplier (relative valuation)
7 Stock certificate valuation by the method of discounted cash flow; dividend growth models; free cash flow to equity model, free cash flow to firm model.
8 Mid Exam
9 Portfolio management through formule plans (pratical approaches): buy and hold strategy, average the cost strategy
10 Portfolio management through formule plans (pratical approaches): constant value strategy, constant ratio strategy, variable ratio strategy
11 Expected return and risk calculations in the base of security; average variance model, index models.
12 Valuation of capital goods; arbitrage pricing theory
13 Potfolio optimization; Quadratic optimization etc techniques.
14 Measurement of portfolio performance: Sharpe, jensen etc. Performance criterion.

Recomended or Required Reading

A. Gültekin KARAŞIN, Sermaye Piyasası Analizleri, SPK Yayın No: 4, Ankara, 1987.
Ali CEYLAN ve Turhan KORKMAZ, Borsada Uygulamalı Portföy Yönetimi, Ekin Kitabevi Yayınları, Bursa, 1998.
Arman T. Tevfik, Hisse Senedi Değerlemesi, Literatür Yayınları, Istanbul, 2005.
Aydın ULUCAN, Portföy Optimizasyonu, Siyasal Kitabevi, Ankara, 2004.
Cevat SARIKAMIŞ, Sermaye Pazarları, Alfa Yayınları, Istanbul, 2000.
Ferhat ÖZÇAM, Teknik Analiz ve Istanbul Menkul Kıymetler Borsası, SPK Yayın No: 32, Ankara, 1996.
Hünkar IVGEN, Şirket Değerleme, Finnet Yayınları, Istanbul, 2003.
Mehmet Baha KARAN, Yatırım Analizi ve Portföy Yönetimi, Gazi Kitabevi, Ankara, 2001.
Mehmet BOLAK, Sermaye Piyasası Menkul Kıymetler ve Portföy Analizi, Beta Yayınları, 2001.

Planned Learning Activities and Teaching Methods

The course is based on the examination of verbal and numerical datas and explanation of investment techniques

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 * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

As well as exams done, presentations and tasks will be decisive.

Assessment Criteria

The evaluation of visual and written expression sources related with the presentations and tasks efficiency will be determined according to the run of the course and the functioning of the materials to be used in the course

Language of Instruction

Turkish

Course Policies and Rules

Students must join at least 70% of the courses which is equal to minimum 10 weeks of lesson.

Contact Details for the Lecturer(s)

Room Number 432, Dokuz Eylul University, Faculty of Economics and Administrative Sciences, Campus of Dokuzcesmeler

Office Hours

Thursdays, 10:00 - 11:00

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Giving the lecture 13 3 39
Before/After Lecture Preperation Process (Weekly) 13 2 26
Preperation for the mid exam 1 15 15
Preperation of essay 1 25 25
Preperation for the final exam 1 15 15
Final Exam 1 3 3
Mid Exam 1 3 3
TOTAL WORKLOAD (hours) 126

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.1555555
LO.2555555
LO.3555555
LO.4555555
LO.5555555

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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