Information Package / Course Catalogue
Advanced Financial Economics
Course Code: ECN535
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The aim of the course is to teach students the functioning of the financial markets by using advanced level mathematical methods. It is aimed to ensure that the approaches developed within the scope of economic theories, depending on the financial and capital structures of economic decision units, are used and applied as a tool for economic analysis.

Course Content

Macro level financial markets, financial risk analysis, active pricing, portfolio selection theory, bonds, stock markets, and derivatives markets...

Name of Lecturer(s)
Learning Outcomes
1.Learns the price formation in financial markets.
2.Learns the mechanism of financial activities.
3.Gains the ability to formally analyze financial markets.
4.Understand the relationships between financial variables in the economy within the scope of economic schools.
5.Will be able to analyze the economic conjuncture depending on the financial and capital structures of the economic decision units.
Recommended or Required Reading
1.Jurgen EICHBERGER and Ian R. HARPER - Financial Economics, Oxford University Press.
2.Muharrem AFŞAR - Finansal Ekonomi, Detay Yayıncılık.
3.John H. COCHRANE - Asset Pricing, Princeton University Press.
4.Ser-Huang POON - Advanced Finance Theories, World Scientific.
5.Stephen F. LEROY, Jan WERNER - Principles of Financial Economics , Cambridge University Press.
Weekly Detailed Course Contents
Week 1 - Theoretical
Foundations of Financial Economics
Week 2 - Theoretical
Uncertainity Analysis in Finance
Week 3 - Theoretical
Uncertainity Analysis in Finance
Week 4 - Theoretical
Portfolio Choice Analysis
Week 5 - Theoretical
Asset Pricing
Week 6 - Theoretical
Asset Pricing (Capital Asset Pricing Model)
Week 7 - Theoretical
Pricing of Bonds
Week 8 - Theoretical
Foreign Exchanges
Week 9 - Intermediate Exam
Midterm Examination
Week 10 - Theoretical
Derivative Markets (Futures)
Week 11 - Theoretical
Derivative Markets (Options)
Week 12 - Theoretical
Asymmetric Information in the Financial Markets
Week 13 - Theoretical
Financial Intermediaries (Micro Foundations)
Week 14 - Theoretical
Regulation in the Financial Markets
Week 15 - Theoretical
Regulation in the Financial Markets
Week 16 - Final Exam
Final Examination
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%30
Final Examination1%70
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Individual Work140228
Midterm Examination123225
Final Examination128230
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
PÇ-13
PÇ-14
PÇ-15
OÇ-1
3
2
3
2
4
2
3
4
3
OÇ-2
2
3
2
3
4
3
2
2
2
OÇ-3
2
2
2
2
5
4
4
4
3
OÇ-4
2
2
2
2
3
3
3
3
2
OÇ-5
1
1
1
2
4
2
3
2
1
Adnan Menderes University - Information Package / Course Catalogue
2026