TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Master's Degree Without Thesis
YEAR OF STUDY	1
SEMESTER	Second Term (Spring)
NUMBER OF ECTS CREDITS ALLOCATED	10
NAME OF LECTURER(S)	-
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) Apply the principles of working capital management
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	Financial decision making process, financial decisions that influence the firm, the relation of these issues between each other, financing policies for investments under risk and inflation, methods used to determine these financing policies, the influence of financial decision making to the cost of capital, cash flows, time value of money, fundamental investment criteria and the relationship between risk and return consist of the content of this course.
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	Brealey, Myers & Marcus, Fundamentals of Corporate Finance, McGraw Hill, 6. Baskı
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Total(%) 40 Contribution of In-term Studies to Overall Grade(%) 40 Contribution of Final Examination to Overall Grade(%) 60 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 2 2 Preparation for Quiz Individual or group work 14 6 84 Preparation for Final exam 1 60 60 Course hours 14 3 42 Preparation for Midterm exam 1 50 50 Laboratory (including preparation) Final exam 1 2 2 Homework 10 6 60 Total Workload 300 Total Workload / 30 10 ECTS Credits of the Course 10
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No