Information Package
baskent.edu.tr

Program of Accounting and Financial Management

TBF385

PORTFOLIO MANAGEMENT

Course Code
TBF385
Semester
-
Theory+Practice
3 + 0
ECTS
5
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS5
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Clearly define the difference between money and capital markets, index calculations, and derivative market instruments.
  2. Analyze and evaluate the processes of public offerings, the trading of stocks, and short selling in securities markets.
  3. Provide information about the concepts of return and risk in financial assets.
  4. Analyze how to create efficient portfolios and optimal portfolios.
  5. Explain the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory.
  6. Describe the three key players in financial markets: firms, governments, and households, and clarify the difference between real assets and financial assets.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionThis course covers the scope and types of financial assets (securities), the investment process for these assets, and the operational mechanisms of financial markets, along with the institutions, rules, and regulations that govern these mechanisms. The course also examines theoretical approaches and models for evaluating securities investments based on risk and return, aiming to provide a comprehensive understanding of the investment process and market mechanisms.
Course Contents
WEEK TOPICS
1st Week Basic concepts: investment, stocks, bonds, notes, types of funds, portfolio, investment portfolio, portfolio management
2nd Week Valuation methods and applications for companies and investments
3rd Week Risk, types of risk, risk measurement, and risk measurement methods
4th Week Exchange rates, interest, capital, futures and options, risks, and risk measurements
5th Week Value at Risk (VaR): concept, models, measurement, and use in portfolio risk assessment
6th Week Traditional portfolio theory and modern portfolio theory: similarities and differences between traditional and modern portfolio theories
7th Week Markowitz portfolio theory
8th Week Midterm exam
9th Week Calculating returns on bonds and stocks
10th Week Capital Asset Pricing Model (CAPM) and its applications
11th Week Arbitrage Pricing Model and its applications
12th Week Portfolio management in response to risks
13th Week International portfolio management
14th Week General review
Recommended or Required ReadingKaran, M. B. (2021). Yatırım analizi ve portföy yönetimi (7th ed.). Gazi Kitabevi.

Elton, E. J., & Gruber, M. J. (2014). Modern portfolio theory and investment analysis (9th ed.). Wiley.

Reilly, F. R., Brown, K. C., & Leeds, S. (2024). Investment analysis and portfolio management (12th ed.). Cengage Learning.

Ceylan, A., & Korkmaz, T. (2008). Borsada uygulamalı portföy yönetimi. Ekin Kitabevi.

Karaşin, G. (2009). Sermaye piyasası analizleri. Literatür Yayıncılık.

Bolak, M. (2006). Sermaye piyasası menkul kıymetler ve portföy analizi. Der Yayınları.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
  • Questions/Answers
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 30
Assignment 1 20
Total(%) 50
Contribution of In-term Studies to Overall Grade(%) 50
Contribution of Final Examination to Overall Grade(%) 50
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 1 1
Preparation for Quiz
Individual or group work 14 3 42
Preparation for Final exam 1 30 30
Course hours 14 3 42
Preparation for Midterm exam 1 20 20
Laboratory (including preparation)
Final exam 1 1 1
Homework 1 10 10
Total Work Load146
Total Work Load / 30 (h)4.86
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3 LO4 LO5 LO6
K1
K2
K3
K4
K5 X X X X X X
K6 X X X X X X
K7 X X X X X X