Information Package

Ph.D. on Banking and Finance

BF601

FINANCE THEORIES

Course Code
BF601
Semester
First Term (Fall)
Theory+Practice
3 + 0
ECTS
15
Course TypeCompulsory Course
Course LevelDoctorate Of Science
Year of Study1
SemesterFirst Term (Fall)
ECTS15
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Will have knowledge of basic finance theories needed for macro investment
  2. Will have knowledge about risk and risk pricing within the framework of time and uncertainty
  3. Will have knowledge about asset pricing models arbitrage pricing models
  4. Make capital budgeting decisions according to the theories
  5. Make decisions about capital structure
  6. Understand risk, return, opportunity cost and capital cost.
  7. Understand dividend policy
  8. Understand and discuss efficient markets hypothesis
  9. Understand exchange rate thories
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNo
Course DescriptionIn this course basic finance theories, financial assets, time and uncertainty, risk and pricing risk, efficient market hypothesis, capital asset pricing model, arbitrage pricing theory, exchange rate theories will be presented.
Course Contents
WEEK TOPICS
1st Week 1 Introduction: Finance Theories
2nd Week 2 Investment, financement and dividend decisions
3rd Week 3 Cash Inflows
4th Week 4 Risk, return, capital cost
5th Week 5 Asset Pricing Models: CAPM, APT
6th Week 6 Capital Budgeting ve project evaluation
7th Week 7 Capital structure ve firm value
8th Week 8 Mid term exam
9th Week 9 Bankruptcy ve financial turmoil
10th Week 10 Tax and capital structure
11th Week 11 Agent problems, assymetric information problems and capital structure
12th Week 12 Borrowing policies
13th Week 13 Dividend policy
14th Week 14 Public offering
15th Week
Recommended or Required ReadingInvestments / Bodie, Kane and Marcus Fundamentals of financial management / Eugene F. Brigham An introduction to financial management / Ezra Solomon, John J. Pringle.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
  • Presentation
  • Questions/Answers
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Total(%) 40
Contribution of In-term Studies to Overall Grade(%) 40
Contribution of Final Examination to Overall Grade(%) 60
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam
Preparation for Quiz
Individual or group work 14 15 210
Preparation for Final exam 1 80 80
Course hours 14 3 42
Preparation for Midterm exam
Laboratory (including preparation)
Final exam 1 2 2
Homework 3 40 120
Total Work Load454
Total Work Load / 30 (h)15.13
ECTS Credit of the Course15
Language of InstructionTurkish
Work Placement(s)No
LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9
K1 X X
K2 X X X X
K3 X X
K4 X X X
K5 X X X X