COURSE SYLLABUS

DERIVATIVE MARKETS

1	Course Title:	DERIVATIVE MARKETS
2	Course Code:	ISL5322
3	Type of Course:	Optional
4	Level of Course:	Second Cycle
5	Year of Study:	1
6	Semester:	2
7	ECTS Credits Allocated:	6
8	Theoretical (hour/week):	3
9	Practice (hour/week) :	0
10	Laboratory (hour/week) :	0
11	Prerequisites:	None
12	Recommended optional programme components:	None
13	Language:	Turkish
14	Mode of Delivery:	Face to face
15	Course Coordinator:	Prof. Dr. Ümit Gücenme Gençoğlu
16	Course Lecturers:	Doç.Dr. Değer ALPER
17	Contactinformation of the Course Coordinator:	umitgucenme@uludag.edu.tr 0224 294 10 47
18	Website:
19	Objective of the Course:	To give information to students about financial risks, financial risk management, derivative products, risk management with derivatives products; and to improve students’ ability of interpretation and analysis on these topics.
20	Contribution of the Course to Professional Development

Learning Outcomes:

1	To be able to have a knowledge of how derivative products work and how they are used.;
2	To be able to be familiar with most of the products that are likely to encounter in financial markets and compare them.;
3	To be able to explain how derivative instruments are priced and derive some important general results on the relationship between forward and spot prices.;
4	To be able to have a knowledge of how financial institutions hedge their risks when they trade these products.;
5	To be able to implement strategies formed by derivative instruments in their future career.;
6	To be able to explain the macroeconomic and political risk and how to manage these.;
7	To be able to explain and calculate value-at-risk.;
8	To be able to follow new developments in the field such as endogenous risk and exogenous risk.;

22	Course Content:

Week	Theoretical	Practical
1	Financial Risk and Sources of Risk
2	Financial Risk and Measuring Expected Return
3	Calculating Portfolio Risk and Return
4	Financial Risk Management: Definition, Purpose, Process
5	Traditional Hedging Methods
6	Risk Management with Futures Contracts and Forward Contracts
7	Risk Management with Swap Contracts
8	Risk Management with Option Contracts
9	Interest Rate Risk Management
10	Exchange Rate Risk Management
11	Credit Risk Management
12	Managment of Other Financial Risks: Price, Liquidity and Operational Risk Management
13	Value at Risk
14	Country Risk and International Risk Management

23	Textbooks, References and/or Other Materials:	1. Türev Piyasalar, Nurgül R. Chambers. 2. Sermaye Piyasası ve Yatırım Analizi, Lale KARABIYIK-Adem ANBAR 3. Derivatives Markets, Robert Lynch McDonald.
24	Assesment

TERM LEARNING ACTIVITIES	NUMBER	PERCENT
Midterm Exam	0	0
Quiz	0	0
Homeworks, Performances	3	30
Final Exam	1	70
Total	4	100
Contribution of Term (Year) Learning Activities to Success Grade		30
Contribution of Final Exam to Success Grade		70
Total		100
Measurement and Evaluation Techniques Used in the Course
Information

ECTS / WORK LOAD TABLE

CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS

LO: Learning Objectives

PQ: Program Qualifications

Contribution Level:

1 Very Low

2 Low

3 Medium

4 High

5 Very High