Will be able to compare derivative instruments used in financial risk management.
Will understand the functioning and usage of these derivative instruments (futures contracts, options contracts, and swap transactions).
Will learn how the prices of risk management tools are formed and be able to explain the factors that influence their pricing.
Will understand how financial institutions using these products can avoid risks encountered in business life (such as exchange rate risk, interest rate risk, etc.).
Will be able to apply strategies that can be developed with derivative instruments in their future professional lives.
Mode of Delivery
Face to face
Prerequisites
No
Recommended Optional Programme Components
None
Course Description
The derivatives and the related markets will be lectured. The main objective of the course is to inform the students about the concept of derivative tools, derivative products, both on a theoretical and practical basis. At the end of the course, the students will be familiar with the derivatives concept and the products used in the derivatives market, as well as the general functioning of the derivatives market.
Course Contents
WEEK
TOPICS
1st Week
General information about futures market, derivatives in the world
2nd Week
General information about derivatives(VOB), agreements operating in VOB
3rd Week
Agreements of derivatives, pricing of derivative agreements
4th Week
Portfolio management game in a manmade purchase-sale platform
5th Week
Cases about derivative agreements, operations aiming protection, investment and arbitrage, cases about derivative Agreements propagation operations
6th Week
Full protection operations
7th Week
Options agreements, pricing of options agreements
8th Week
Midterm exam
9th Week
Options strategies, Option Agreements Operating in VOB
10th Week
Risk management in VOB, SPAN colletarization ethod, PC-SPAN application
11th Week
Operations composed in global accounts
12th Week
Colletarization in global accounts
13th Week
Portfolio management game in a manmade purchase-sale platform
14th Week
Future of futures market, current projects
Recommended or Required Reading
Ersan, İ. (1997). Finansal türevler. İstanbul: Literatür Yayıncılık.
Seyidoğlu, H. (2016). Uluslararası finans (Geliştirilmiş 6. baskı). İstanbul: Güzem Can Yayınları.
Vadeli İşlem ve Opsiyon Borsası A.Ş. (2004). VOB vadeli işlem ve opsiyon borsası: Türev araçlar lisanslama rehberi. Temmuz.
Planned Learning Activities and Teaching Methods
Lecture
Discussion
Questions/Answers
Assessment Methods and Criteria
Quantity
Percentage (%)
Mid-term
1
30
Project
1
20
Total(%)
50
Contribution of In-term Studies to Overall Grade(%)
50
Contribution of Final Examination to Overall Grade(%)
