ITF 401 | Course Introduction and Application Information - Department of International Trade and Finance

Course Name

Applied Market Analysis

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
ITF 401	Fall/Spring	3	0	3	5

Prerequisites	None
Course Language	English
Course Type	Elective
Course Level	First Cycle
Mode of Delivery	face to face
Teaching Methods and Techniques of the Course	Discussion Q&A Lecture / Presentation
National Occupation Classification	-
Course Coordinator	Prof. Dr. Gülin VARDAR
Course Lecturer(s)	Prof. Dr. YENER COŞKUN
Assistant(s)	Araş. Gör. Birce TEDİK KOCAKAYA

Course Objectives	The objectives of this course are to provide students a real-life knowledge / practice for capital market business beside a theoretical foundation.
Learning Outcomes	The students who succeeded in this course; Evaluate the functions of investment banking, portfolio management, and advisory services. Compare the roles and characteristics of various investment instruments. Analyze IPO processes and assess the regulatory and financial environment for public companies. Identify and explain complex trading strategies such as short selling, algorithmic trading, and high-frequency trading. Discuss capital market crimes including insider trading and price manipulation. Describe real estate markets with a focus on housing finance and Real Estate Investment Trusts (REITs). Explain major financial crises and failures related to stock markets.
Course Description	This course provides students with a comprehensive understanding of capital markets, integrating both theoretical foundations and real-world applications. Students will gain insights into key financial concepts, investment instruments, and market operations while developing analytical skills crucial for the finance industry.
Related Sustainable Development Goals

Course Category	Core Courses	X
	Major Area Courses
	Supportive Courses
	Media and Management Skills Courses
	Transferable Skill Courses

Week	Subjects	Related Preparation
1	Fundamentals of Capital Markets	Chisholm, A.M., (2009), An Introduction to International Capital Markets, 2nd Ed., Wiley: Chapter 1
2	Stock Market Financing: History, Functions, Trends, and Regulations	Aliber, R. Z., Kindleberger, C. P., & McCauley, R. N. (2015). Manias, panics, and crashes: A history of financial crises. Basingstoke: Palgrave Macmillan. 1-64
3	Capital Market Regulations in Türkiye	Coşkun, Yener. (2012). Repo and Reverse Repo Regulations: Emergence of Regulations After 1982 Banking Crisis and Policy Suggestions in the Light of Financial Failure Lessons. Business and Economics Research Journal 3 (1): 59-90
4	Financial Intermediation in Stock Markets	Allen, F., & Santomero, A. M. (1997). The theory of financial intermediation. Journal of banking & finance, 21(11-12), 1461-1485.
5	Equity, Fixed-Income, Future Investments and Real-Estate Financing in Exchanges	Chisholm, A.M., (2009), An Introduction to International Capital Markets, 2nd Ed., Wiley: Chapter 8 / Bodie, Z., Kane, A., & Marcus, A. (2013). Essentials of investments: Global edition. McGraw Hill: Chapter 2
6	Investment Banking - Fundamental Concepts in Investment Banking	Coşkun, Yener. (2010). Why Turkish Securities Firms Have not Transformed to Full Service Investment Banks? An Assessment of The Near Future of the Turkish Securities Firms Industry (in Turkish/English). ISE Review 12 (46): 15-47
7	Public Offering and Underwriting	Bodie, Z., Kane, A., & Marcus, A. (2013). Essentials of investments: Global edition. McGraw: Chapter 3
8	Institutional Investments: Mutual Funds, Pension Funds and Hedge Funds	Bodie, Z., Kane, A., & Marcus, A. (2013). Essentials of investments: Global edition. McGraw Hill: Chapter 4
9	Midterm Exam
10	Stock Market Crises and Financial Failures	Aliber, R. Z., Kindleberger, C. P., & McCauley, R. N. (2015). Manias, panics, and crashes: A history of financial crises. Basingstoke: Palgrave Macmillan. 113-165
11	Trends in Capital Markets: Digital Finance, Behavioral Finance, and Sustainable Finance	Mou, K., & Xu, B. (2024). Digital finance, government regulation, and corporate capital market efficiency. Finance Research Letters, 68, 105972. Erol, I., Unal, U., and Coskun, Y. (2023). ESG investing and the financial performance: a panel data analysis of developed REIT markets. Environmental Science and Pollution Research. 30 (36): 85154–85169 https://doi.org/10.1007/s11356-023-28376-1
12	Site Visit (TBA)
13	Capital Market Crimes and Enforcement	Modigliani, F., & Perotti, E. (2000). Security markets versus bank finance: legal enforcement and investors' protection. International Review of Finance, 1(2), 81-96. Daouk, H., Lee, C. M., & Ng, D. (2006). Capital market governance: How do security laws affect market performance?. Journal of Corporate Finance, 12(3), 560-593.
14	Delivery and Presentation of Term Papers	-
15	Review of the Semester
16	Final Exam

Course Notes/Textbooks

Required Textbook (selected chapters will be provided in a course pack by instructor)

Moosa, I.A. (2014). Good Regulation, Bad Regulation: The Anatomy of Financial Regulation, Palgrave Macmillan.

Chisholm, A.M., (2009), An Introduction to International Capital Markets, 2 nd Ed., Wiley.

Aliber, R. Z., Kindleberger, C. P., & McCauley, R. N. (2015). Manias, panics, and crashes: A history of financial crises. Basingstoke: Palgrave Macmillan.

Bodie, Z., Kane, A., & Marcus, A. (2013). Essentials of investments: Global edition. McGraw Hill.

Suggested Readings/Materials

Suggested readings and regular reading of financial media (provided as handout or via email)

Suggested regulations of Capital Markets Board of Turkey (provided as handout) and CMB License exam materials (reviewed during the lectures, no need to print these out)

Note for the SPK License Exams

The official content of the SPK Level 1 and Level 2 license exams will be analyzed during the lectures through publicly available documents (available at: https://spl.com.tr/). This content will be out of the context of final exam.

Semester Activities	Number	Weigthing
Participation	1	10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury	1	15
Project	1	20
Seminar / Workshop
Oral Exams
Midterm	1	25
Final Exam	1	30
Total

Weighting of Semester Activities on the Final Grade	4	70
Weighting of End-of-Semester Activities on the Final Grade	1	30
Total

Semester Activities	Number	Duration (Hours)	Workload
Theoretical Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: '.16.' x total hours)	16		0
Study Hours Out of Class	14	2	28
Field Work			0
Quizzes / Studio Critiques			0
Portfolio			0
Homework / Assignments			0
Presentation / Jury	1	14	14
Project	1	20	20
Seminar / Workshop			0
Oral Exam			0
Midterms	1	15	15
Final Exam	1	25	25
		Total	150

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To be able to identify and analyze problems in the field of trade and finance, and to develop solutions.	-	-	-	X	-
2	To be able to apply theoretical and practical knowledge of international trade and finance to real-world professional contexts.	-	-	-	-	-
3	To be able to critically analyze global market developments and evaluate their implications for business and policy.	-	-	-	X	-
4	To be able to collect, analyze, and interpret financial and economic data by using digital and information technologies effectively.	-	-	-	-	-
5	To be able to understand and interpret legal frameworks, regulations and practices relevant to international trade and finance.	-	-	-	X	-
6	To be able to anticipate, define, and manage financial and trade-related risks through informed decision-making.	-	X	-	-	-
7	To be able to acquire and use verbal, written, and numerical skills effectively for the nature of international trade and finance program.	-	-	-	-	-
8	To be able to obtain, synthesize, and report trade- and finance-related information clearly and effectively.	-	-	-	-	-
9	To be able to contribute effectively as individuals, team members, and leaders in multidisciplinary environments.	-	-	-	-	-
10	To be able to evaluate trade and finance issues from ethical, social, and sustainability perspectives.	-	-	-	-	-
11	To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).	-	-	-	-	-
12	To be able to speak a second foreign at a medium level of fluency efficiently.	-	-	-	-	-
13	To be able to relate the knowledge accumulated throughout human history to their field of expertise.	-	-	-	-	-