Fall Semester
MFIN 850 Accounting & Financial Statement Analysis – 3 Credit
The course provides a comprehensive introduction to the basic concepts, principles, and standards of financial accounting with an emphasis on how financial information is reported to external users and how it is used in resource allocation decisions. The topics covered include the preparation and use of the financial statements, the recording cycle, liquid assets, inventories and cost of the goods sold, plant assets and intangibles, liabilities and owner's equity, and ratio analysis. Also The course focuses on how finance professionals use and interpreting financial tables. Creation and use of financial ratios are discussed. Assessment of the financial strength of companies is examined.
MFIN 851 Corporate Finance – 3 Credit
Fundamental issues of finance are taught in this course. The course starts with financial statements analysis, introducing students with balance sheets and income statements of corporations. Time value of money, Net Present Value (NPV) and Discounted Cash Flow (DCF) analysis follows. Using these techniques, we go onto valuation of stocks and bonds. Capital investment decisions are examined as well. Course ends with an introduction to the Capital Asset Pricing Model (CAPM), which is a neat depiction of the relation between risk and return. Also the course examines the analysis of capital structure of firms, which involves comparing the cost of debt and equity financing. Other topics include payout policy, options and futures, risk management, mergers and acquisitions and financial distress.
MFIN 860 Quantitative Methods – 3 Credit
This course includes the topics of probability theory, distributions, sampling, hypothesis testing, and regression methodologies. Also it aims to overview the essential econometric techniques used in applied financial analysis. Case studies from the academic finance literature are employed to demonstrate potential uses of each approach. The first course introduces basic classical linear regression model, panel data methods and qualitative dependent variables.
MFIN 861 Investments – 3 Credit
This course introduces the structure of financial markets and the valuation of financial assets including stocks, bonds, forwards, futures, options and swaps. Among the topics to be covered are: fixed-income investments, yield-to-maturity, duration, yield curves, forward rates, mean- variance framework, portfolio construction and performance analysis, mutual funds and other investment companies, asset pricing models, equity valuation, fundamental and technical analyses, the use of derivatives in risk-management and their pricing.
MFIN 862 Derivatives and Risk Management – 3 Credit
This course serves as a comprehensive introduction to derivative securities and financial risk management. Naturally, forward contracts, futures, options, and swaps are the focal point of the course. While the main emphasis is on the use of derivatives as risk-transferring/minimizing devices, valuations of such contracts are also included. A solid coverage of no arbitrage based pricing is provided as the common underlying premise to valuing derivative securities. Therewith, cost-of-carry valuation of forwards and futures, , binomial pricing of options, the Black- Scholes option pricing formula, and swap pricing are introduced. Also, the emphasis is on how derivative securities are used against common risk factors such as interest rates, exchange rates and credit risk. In addition to hedging strategies to be created by any of the derivative securities, various other trading strategies involving options (spreads and combinations) are presented. Topics such as delta- hedging and portfolio insurance are also covered.
Spring Semester
MFIN 832 Special Topics in Finance I - 3 Credit
These courses focus on particular topics and / or perspectives within their respective domains. The aim is to provide an in-depth review and assessment of the research and conceptual literature within chosen topics and / or theoretical perspectives. Students are expected to gain a thorough appreciation of the past developments in and the current state of research within the central foci of the course and be able to develop research agendas to motivate and guide their future work.
MFIN 852 Valuation, Mergers, Acquisitions and Corporate Restructuring – 3 Credit
Bu dersin esas amacı öğrencilerin değerleme kararlarını en iyi şekilde verebilmelerini sağlamak için onlara konuların fikirsel temelini, içgüdüsel yollardan akıl yürütme yöntemlerini ve analitik kapsamını öğretmektir. Ayrıca dersin konuları arasında şirket değerlemeleri, satın alma anlaşmalarının şekillendirilmesi, borç alarak yapılan satın almaların incelenmesi ve birleşme harici yapılabilen diğer şirket yapılandırmaları bulunur.
MFIN 859 Economics for Managers – 3 Credit
This course covers economic principles and their implications in competitive environments. The course is taught in two parts, allocated to macro- and microeconomics. The objective of the course is to familiarize the students with the economic environment and develop an understanding of economic reasoning.
MFIN 800 Graduation Project – 0 Credit
The program requires the conduct and completion of a project. The project topic and content is based on the interest and background of the student. It is to be approved by the faculty member serving as the project supervisor. At the completion of the project, the student is required to submit a final report. The report is to be approved by the project supervisor.
