| TYPE OF COURSE UNIT | Elective Course |
| LEVEL OF COURSE UNIT | Associate Degree |
| YEAR OF STUDY | - |
| SEMESTER | - |
| NUMBER OF ECTS CREDITS ALLOCATED | 5 |
| NAME OF LECTURER(S) | Assistant Professor Hakan Dilek
|
| 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
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) Apply the principles of working capital management
|
| MODE OF DELIVERY | Face to face |
| PRE-REQUISITES OF THE COURSE | No |
| RECOMMENDED OPTIONAL PROGRAMME COMPONENT | No |
| COURSE DEFINITION | |
| COURSE CONTENTS | | WEEK | TOPICS |
|---|
| 1st Week | The Firm and the Financial Manager, Accounting and Finance | | 2nd Week | Time Value of Money | | 3rd Week | Valuing Bonds | | 4th Week | Valuing Stocks | | 5th Week | Net Present Value and Other Investment Criteria | | 6th Week | Discounted Cash Flow Analysis | | 7th Week | Project Analysis | | 8th Week | Intro. to Risk, Return, and the Opp. Cost of Capital | | 9th Week | Risk, Return and Capital Budgeting | | 10th Week | The Cost of Capital | | 11th Week | The Capital Structure Decision | | 12th Week | Dividend Policy | | 13th Week | İstanbul Stock Exchange | | 14th Week | Financial Instruments in Turkey |
|
| RECOMENDED OR REQUIRED READING | |
| PLANNED LEARNING ACTIVITIES AND TEACHING METHODS | Lecture,Discussion |
| ASSESSMENT METHODS AND CRITERIA | | | Quantity | Percentage(%) |
|---|
| Mid-term | 1 | 40 | | Attendance | 1 | 10 | | 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 | 1 | 1 | | Preparation for Quiz | | | | | Individual or group work | 14 | 6 | 84 | | Preparation for Final exam | 1 | 20 | 20 | | Course hours | 14 | 3 | 42 | | Preparation for Midterm exam | 1 | 10 | 10 | | Laboratory (including preparation) | | | | | Final exam | 1 | 1 | 1 | | Homework | | | | | Total Workload | | | 158 |
|---|
| Total Workload / 30 | | | 5,26 |
|---|
| ECTS Credits of the Course | | | 5 |
|---|
|
| LANGUAGE OF INSTRUCTION | Turkish |
| WORK PLACEMENT(S) | No |
| | |
