BILKENT UNIVERSITY

Faculty of Business Administration

MAN 524 Investment Analysis

Fall 2003

Instructor:	Kürşat Aydoğan
Office:	Faculty of Business Administration A213
Phone:	290-1276
E-mail	aydogan@bilkent.edu.tr
Course URL	http://www.bilkent.edu.tr/~aydogan/man524/man524.htm
Office Hours:	Tuesday, Thursday 10:40 – 12:00 or by appointment

Course Objective

The primary objective of this course is to equip the students with the basic understanding of why people invest and how they make their investment decisions. To this end, foundations of portfolio theory, capital market theory, valuation of securities will be elaborated. We will have a brief introduction to derivative securities as well. Computer applications will be emphasized throughout the course. This elective course targets MBA students who are planning a career in banks, brokerage houses or regulatory bodies as portfolio managers, investment analysts or strategists.

Examinations

There will be one mid-term examination and a final examination in this course. The mid-term will cover the material immediately preceding it, and the final exam is going to be comprehensive.

Term Project and Homework Assignments

Each student is required to do a series of assignments during the semester. To do this, the student will collect data on ten companies whose stocks are traded in ISE and construct portfolios of these securities. The details of these assignments are provided on an attached sheet.

In addition, groups of 2-4 students will prepare a term paper. Term paper topics need to be approved by the instructor. A partial list of suggested term paper topics is attached. Each group will present their paper before the class during the last three weeks of classes. The term paper in due on or before January 10, 2004.

Textbooks

Robert A. Haugen, Modern Investment Theory, Prentice Hall, Fifth edition 2001.

James C. Van Horne, Financial Market Rates and Flows, Sixth Edition, Prentice Hall, 2001.

İstanbul Menkul Kıymetler Borsası, Sermaye Piyasası ve Borsa Temel Bilgiler Kılavuzu, IMKB Egitim Yayınları, 2002.

Other Course Policies

Regular attendance, timely submission of homework assignments and participation in class discussions are required. Each student will obtain a unix account at BCC, this way his/her e-mail address will be automatically included in the e-mail list for the course.

Grades will be assigned on the basis of students' performance in the midterm examination, final exam, term paper and homework assignments. Approximate weights will be 30% for the mid term, 30% for the final, 25% for the term project and 15% for homework assignments and class participation.