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| Course Description |
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| Course Name |
: |
Portfolio Management |
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| Course Code |
: |
MG11 705 |
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| Course Type |
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Compulsory |
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| Level of Course |
: |
Second Cycle |
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| Year of Study |
: |
1 |
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| Course Semester |
: |
Spring (16 Weeks) |
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| ECTS |
: |
5 |
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| Name of Lecturer(s) |
: |
Prof.Dr. HATİCE DOĞUKANLI
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| Learning Outcomes of the Course |
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To be able to define the portfolio concept
To be able to know about traditional portfolio theory
To be able to calculate the risk and the expected return of a portfolio
To be able to calculate the return by using CAPM
To be able to explain the rules of arbitrage theory
To be able to evaluate the performance of a portfolio by using various criteria
To be able to distinguish the differences between active and passive portfolio management
To be able to diversify a portfolio by using international instruments
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| Mode of Delivery |
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Face-to-Face |
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| Prerequisites and Co-Prerequisites |
: |
None |
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| Recommended Optional Programme Components |
: |
None |
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| Aim(s) of Course |
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The main objective of this course is to introduce financial instruments, as well as teaching about creating a portfolio in order to help the students to become a portfolio manager in the future. |
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| Course Contents |
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The concept of portfolio, portfolio theory and the statistical infrastructure related to the subject |
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| Language of Instruction |
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Turkish |
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| Work Place |
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IIBF |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
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1 |
Understanding the concept of portfolio management |
Reading the first chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
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2 |
Learning about the statistical infrastructure of portfolio concept |
Reading the second chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
|
3 |
Learning Markowitz theory, which is the basis of portfolio theories, and statistical computing of framework of this theory |
Reading the 5th chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
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4 |
Calculating the expected return and the risk of a single asset of a portfolio |
Reading the 6th chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
|
5 |
Defining the concepts of optimum portfolio, utility and effective border |
Reading the 7th chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
|
6 |
Assumptions of Capital Assets Pricing Model, Risk Free Rate, Capital Market Line, Security Line, Market Risk Premium |
Beta calculations |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
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7 |
Pricing Equity with CAPM and estimating return with characteristic line |
Reading the 8th chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
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8 |
Mid-term Exam |
Preparation for the exam |
Written exam |
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9 |
Learning about Single Index Models |
Reading the 9th chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
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10 |
Arbitrage Pricing Model and Mutli Index Model |
Reading the 22nd chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
|
11 |
Assesment Portfolio Performance; Treynor, Sharpe and Jensen Performance Criterion |
Reading the 18th chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
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12 |
Active-Passive Portfolio Management |
Reading the 18th chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
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13 |
International Diversification |
Reading the 12th chapter of investment and portfolio analysis book |
Presentation of theoretical approaches, powerpoint slides, giving current examples, solving problems on the board, discussion |
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14 |
Portfolio Presentation |
Portfolio Presentation |
Written and oral presentations |
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15 |
Portfolio Presentation |
Portfolio Presentation |
Written and oral presentations |
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16/17 |
Final Exam |
Preparation for the exam |
Written exam |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Yatırım Analizi ve Portföy Yönetimi, Mehmet Baha Karan
Borsada Uygulamalı Portföy Yönetimi, Ali Ceylan, Turan Korkmaz
Sermaye Piyasası,Menkul Kıymetler ve Portföy Analizi, Mehmet Bolak
Modern Portfolio Theory and Investment Analysis, Elton & Gruber.
Portfolio Management, James L.Farrel.
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| |
| Required Course Material(s) | |
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Assessment Methods and Assessment Criteria |
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Semester/Year Assessments |
Number |
Contribution Percentage |
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Mid-term Exams (Written, Oral, etc.) |
1 |
60 |
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Homeworks/Projects/Others |
1 |
40 |
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Total |
100 |
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Rate of Semester/Year Assessments to Success |
40 |
| |
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Final Assessments
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100 |
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Rate of Final Assessments to Success
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60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
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1 |
Defines the basic theoretical models and numerical methods of finance function and describes the intended use. Indicates each model´s weak and strong aspects. |
4 |
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2 |
Analyses strategic and operational plans for financial companies, and creates sufficient knowledge to find solutions to the problems that might arise. |
4 |
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3 |
Explains how to create theoretical models to be used in financial management and how to apply quantitative and statistical methods. |
2 |
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4 |
It teaches how to interpret the findings obtained by the application of theoretical models, quantitative and statistical methods used in financial management. |
2 |
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5 |
Determines the appropriate methods to solve the problems encountered in business. |
5 |
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6 |
Enables financial organizations to reach the most appropriate conclusion with an accurate analysis of the basic financial statements. |
5 |
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7 |
It encourages to take responsibility individually and/or in a team, to lead and to work effectively. |
5 |
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8 |
Is aware of the need for lifelong learning, keeps track of the latest developments in the field and constantly develops professional knowledge and skills . |
5 |
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9 |
It teaches to exploit different sources in a new field in accordance with academic rules, to synthesize and effectively present the information obtained. |
5 |
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10 |
It supports the use of Turkish and at least one foreign language in accordance with the requirements of academic and working life. |
3 |
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11 |
Questions the methods of traditional approach; develops and implements new approaches when needed. |
5 |
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12 |
Identifies the most appropriate approach to financial management by taking into account the goals and objectives of the banking sector, its size, resources, culture and objectives. |
4 |
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13 |
By introducing comprehensive information about Capital Markets, their tools and institutions, it helps the person to utilize his comprehensive knowledge about BIST and the World Stock Exchanges in the best way in the field. |
4 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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| Student Workload - ECTS |
| Works | Number | Time (Hour) | Total Workload (Hour) |
| Course Related Works |
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Class Time (Exam weeks are excluded) |
14 |
3 |
42 |
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Out of Class Study (Preliminary Work, Practice) |
14 |
5 |
70 |
| Assesment Related Works |
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Homeworks, Projects, Others |
1 |
10 |
10 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
1 |
1 |
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Final Exam |
1 |
1 |
1 |
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Total Workload: | 124 |
| Total Workload / 25 (h): | 4.96 |
| ECTS Credit: | 5 |
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