TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Doctorate Of Science
YEAR OF STUDY	1
SEMESTER	Second Term (Spring)
NUMBER OF ECTS CREDITS ALLOCATED	10
NAME OF LECTURER(S)	Professor Güray Küçükkocaoğlu
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Estimate the cost of capital for the whole firm, individual divisions as well as the specific projects with advanced techniques such as the marginal cost of capital (MCC) schedule. 2) Solve capital budgeting problems by risk-adjusted discount rate approach and certainty equivalent approach. 3) Explain and evaluate the Modigliani and Miller (MM) capital structure model (with and without taxes) and the Miller model. 4) Describe the impact of financial distress, agency costs and asymmetric information on capital structure. 5) Explain dividend theories such as the residual theory of dividends and the Miller and Modigliani's irrelevance argument. 6) Identify other factors that influence dividend policy. 7) Learn the difference between Short-Term and Long-Term Financial Planning. 8) Capital Structure Decisions. 9) Lease Financing and Hybrid Financing. 10) Mergers, LBOs working capital management, Divestitures, and Holding Companies.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	Financial management emcompasses the planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction; Overview of Financial Management, Financial Statements, Cash Flow, and Taxes 2nd Week Analysis of Financial Statements, The Financial Environment 3rd Week Risk and Return: The Basics, Time Value of Money 4th Week Bonds and Their Valuation 5th Week Stocks and Their Valuation 6th Week The Cost of Capital, The Basics of Capital Budgeting 7th Week Midterm 8th Week Cash Flow Estimation and Other Topics in Capital Budgeting, Risk Analysis and Real Options 9th Week Long-Term Financial Planning, Capital Structure Decisions:The Basics 10th Week Distributions to Shareholders: Dividends and Repurchases, Issuing Securities, Refunding Operations, and Other Topics 11th Week Lease Financing, Hybrid Financing 12th Week Current Asset Management, Short-Term Financing 13th Week Derivatives and Risk Management, Bankruptcy, Reorganization, and Liquidation 14th Week Mergers, LBOs, Divestitures, and Holding Companies
RECOMENDED OR REQUIRED READING	Financial Management; Theory and Practice, Brigham, Gapenski and Ehrhardt, Dryden Press
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 50 Total(%) 50 Contribution of In-term Studies to Overall Grade(%) 50 Contribution of Final Examination to Overall Grade(%) 50 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 3 3 Preparation for Quiz Individual or group work 16 7 112 Preparation for Final exam 1 50 50 Course hours 14 3 42 Preparation for Midterm exam 1 40 40 Laboratory (including preparation) 1 40 40 Final exam 1 3 3 Homework 10 2 20 Total Workload 310 Total Workload / 30 10,33 ECTS Credits of the Course 10
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No