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Finansal Risk ve Türev Araçlar

 

PİRİ REİS UNIVERSITY

GRADUATE SCHOOL OF SOCIAL SCIENCES

Course Name : Financial Risk and Derivatives

Degree: Graduate

 

Code

 

 

Year/Semester

 

Local Credits

 

ECTS Credits

 

Course Implementation, Hours/Week

Course

Tutorial

Laboratory

DIE509

2

3

5

3

 

 

Department

Maritime Business and Economics Graduate Program

Instructors

 

Kenan Tata

Contact Information

 

ktata@pirireis.edu.tr

Office Hours

Tuesday 14:00-16:00

Web page

www.pirireis.edu.tr

Course Type

 

Course Language

English

Course Prerequisites

  -

Course Category by Content, %

Basic Sciences

Engineering Science

Engineering Design

Humanities

20

 

 

80

Course Description

This course serves as an introduction to risk protection and risk transfer, which on the other hand requires a rigorous knowledge about the structure and functioning of derivative markets. Although the invention and development of these instruments is primarily rooted in the financial markets, maritime contracts of all types saw their counterparts in the derivatives markets during the recent decade. Risk management and asset pricing in maritime markets cannot be taught without a proper introduction into derivatives.

 

Course Objectives

 

Objectives are to provide a rigorous and formal introduction to derivative instruments and markets.

 

Course Learning Outcomes

 

Students who successfully complete the course will have acquired the knowledge or skills on

1-Introduction in the structure and functioning of the derivatives markets

2-Trading, hedging and insuring strategies designed by using different types of derivatives

3-Pricing of derivatives instruments

4-Applications in maritime markets

Instructional Methods and Techniques

 

Tutorial Place

 

Co-term Condition

 

Textbook

General Introduction: J. Hull, “Options, Futures and Other Derivatives”, Pearson, 2015

Shipping Derivatives: A.Alizadeh and N.Nomikos, “Shipping Derivatives and Risk Management”, Palgrave, 2009

Introduction to Derivative Pricing: S. Neftçi, “An Introduction to the Mathematics of Financial Derivatives”, 2000

Other References

 

Homework & Projects

 

Laboratory Work

 

Computer Use

 

Other Activities

 

                   

 

Assessment Criteria

Activities

Quantity

Effects on Grading, %

Attendance

 

 

Midterm

1

30

Quiz

 

 

Homework

 

 

Term Paper/Project

1

20

Laboratory Work

 

 

Practices

 

 

Tutorial

 

 

Seminar

 

 

Presentation

 

 

Field Study

 

 

Final Exam

1

50

TOTAL

 

100

Effects of Midterm on Grading, %

1

30

Effects of Final on Grading, %

 

50

TOTAL

 

80

 

 

 

ECTS/

WORKLOAD TABLE

Activities

Count

Hours

Total

Workload

Lecture

14

3

42

Midterm

1

20

20

Quiz

 

 

 

Homework

 

 

 

Term Paper/Project

1

25

25

Laboratory Work

 

 

 

Practices

 

 

 

Tutorial

 

 

 

Seminar

 

 

 

Presentation

 

 

 

Field Study

 

 

 

Final Exam

1

35

35

Total Workload

 

 

122

Total Workload/25

 

 

4.88

Course ECTS Credits

 

 

5

 

 

 

Week

 

Topics

Course Outcomes

1

Intro to derivatives markets

1

2

Futures Markets. Hedging Strategies

2

3

Interest Rate Mechanics

1,2

4

Valuation of Futures Contracts

2,3

5

Swaps and Applications

2

6

Valuation of swaps

2,3

7

Introduction to Options

2

8

Properties of Options and Trading Strategies

2

9

Pricing and Binomial Trees

2,3

10

Stock Price Processes

3

11

BSM model 1

2,3

12

BSM model 2

2,3

13

Applications to Maritime Markets

1,2,3,4

14

Review

1,2,3,4

 


 

 

 

Relationship between the Course and the Maritime Business and Economics Curriculum

 

 

Program Outcomes

Level of Contribution

1

2

3

a

An ability to interpret and analysis of the data regarding maritime management and economics, recognition and solution of problems for decision making process.

 

x

 

b

To have a wide-range understanding for the incorporation of the effects of the field of maritime business and economics in a global context.

 

x

 

c

Ability to function on multi-disciplinary teams and to accurately assess ethical and professional responsibilities.

x

 

 

d

Ability to employ knowledge related to the field of maritime business and economics in decision-making, application, and the application of decisions.

 

 

x

e

A recognition of the need for, and an ability to engage in life-long learning

x

 

 

f

An ability to apply legal, societal and environmental knowledge in maritime transportation and in all respective modes of transport operations.

 

 

 

g

Ability to analyze the theoretical information in the area of maritime economics and management, and to assess their implications in implementation.

 

x

 

h

Ability to acquire distinctive information in the key aspects of the maritime business environment.

 

x

 

i

Ability to acquire knowledge by integrating information related to the field of maritime business and economics into computerized environments.

 

x

 

j

Ability to produce multidisciplinary assessments and conduct analyses in harmony with the area of maritime business and economics, related sub-fields, and other social science areas.

 

 

x

k

A knowledge of contemporary issues and an ability to communicate effectively

x

 

 

l

To be able to have leadership and management competencies that a manager and entrepreneur should have working at the international level.

 

x

 

m

To act in accordance with social, scientific, cultural and ethical values and with the consciousness of social responsibility in various fields of international trade.

 

x

 

 

         1: Small, 2: Partial, 3: Full

 

Prepared by

Öğr.Gör.Kenan Tata

Date

29.09.2017

Signature