School of Economics and Administrative Sciences \ Economics
Course Credit
ECTS Credit
Course Type
Instructional Language
Programs that can take the course
Fundamentals of financial institutions, transaction costs, asymetric information problem, financial development and growth, financial crises. Management of financial institutions, banks in particular; bank balance sheet and performance, banking regulation and monitoring. Mutual funds, hedge funds, insurance companies and pension funds, investment banks, brokers and dealers, venture capital, finance companies. Risk management in financial institutions, hedging with derivatives. Special emphasis on Turkish financial institutions and crisis experience.
Textbook and / or References
Mishkin, Frederick S., Eakins G. Stanley, “Financial Markets and Institutions”, 9th Edition (Global Edition), Pearson, (2018).
This course follows up on İKT 338 Financial Markets and provides students with extensive information and analytical framework on financial institutions -commercial and investment banks, mutual funds, insurance and pension companies, brokers and dealers, venture capital, finance companies.In addition to these, relationship between financial development and growh, financial crises, regulation and monitoring, risk management and hedging are covered; new approaches after the global crisis are also studied.
1. Reasons why we need and have financial institutions, their functioning and contributions to the economy.
2. Risk management in financial institutions and hedging
3. Financial development and economic growth
4. Financial crises
5. Regulation and monitoring of financial institutions.
Week 1: Why Do Financial Institutions Exist ?
Week 2: Why Do Financial Crises Occur and Why Are They So Damaging to the Economy ?
Week 3: Banking & the Management of Financial Institutions
Week 4: Financial Regulation
Week 5: The Mutual Fund Industry
Week 6: Insurance Companies & Pension Funds
Week 7: Investment Banks, Brokers/Dealers, Venture Capital Firms
Week 8: Finance Companies
Week 9: Risk Management in Financial Institutions I
Week 10: Risk Management in Financial Institutions II
Week 11: Hedging with Financial Derivatives I
Week 12: Hedging with Financial Derivatives II
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