General Information: Four-year undergraduate degree. Medium of instruction is English.

Goals and Objectives: The Banking and Finance undergraduate degree program is intended for students interested in a financial and banking experience. The program aims to deliver quantitative and financial analytical skills which prepare students with strong intellectual background for a career with financial institutions.

Job Opportunity: The program provides a platform to prepare students to the know-how of the financial and banking system, financial markets, banking and financial institutions, financial instruments and various quantitative analyses. Employment opportunities include positions in depository and non-depository financial institutions, business sector, finance departments.

BANKING AND FINANCE PROGRAM

1. Semester 2. Semester
Course Code Course Name L T C ECTS Course Code Course Name L T C ECTS
ECO 101 Introduction to Economics I 3 0 3 5 ECO 102 Introduction to Economics II 3 0 3 4
ENG 103 Academic English I 2 0 2 3 FIN102 Introduction to Banking and Finance 2 0 2 3
TURK 101 Turkish I 2 0 0 2 TURK 102 Turkish II 2 0 0 2
MAT 103 Mathematics for Business and Economics I 3 0 3 4 MAT 104 Mathematics for Business and Economics II 3 0 3 4
POL 101 Introduction to Global Politics 3 0 3 4 BA 101 Introduction to Business 3 0 3 4
CMS 101 Introduction to Information Technology I 3 1 3 4 CMS 102 Introduction to Information Technology II 3 1 3 4
HIST 101 History of Turkish Reforms ENG 104 Academic English II 3 2 3 4
TOTAL 19 3 17 26 TOTAL 14 3 15 25
3. Semester 4. Semester
Course Code Course Name L T C ECTS Course Code Course Name L T C ECTS
STA 201 Statistics I 3 1 3 5 STA 202 Statistics II 3 1 3 5
ACT 201 Principles of Accounting I 3 0 3 4 ACC 202 Principles of Accounting II 3 0 3 4
BA 210 Business Communication 3 0 3 4 ECO202 Intermediate Macroeconomics 3 0 3 4
ECO201 Intermediate Microeconomics 3 0 3 4 BNK201 Commercial Bank Management 3 0 3 4
LAW 205 Introduction to Law 3 0 3 4 FIN262 Financial Data Analysis 3 0 3 4
TOTAL 15 1 15 21 TOTAL 15 1 15 21
5. Semester 6. Semester
Course Code Course Name L T C ECTS Course Code Course Name L T C ECTS
FIN301 Financial Management 3 0 3 4 FIN302 Money and Banking 3 0 3 5
BNK303 International Banking 3 0 3 4 FIN308 International Finance 3 0 3 4
FIN362 Applied Financial Statistics 3 0 3 4 FIN306 Corporate Finance 3 0 3 5
FIN 363 Investment Fundamentals 3 0 3 5 FINxxx Elective Course 3 0 3 4
FINxxx Elective Course 3 0 3 5  BNK400 Internship 0 0 0 4
TOTAL 15 0 15 22 TOTAL 15 0 15 22
7. Semester 8. Semester
Course Code Course Name L T C ECTS Course Code Course Name L T C ECTS
BNK401 Marketing of Financial Services 3 0 3 4 BNK408 Asset and Liability Management 3 0 3 5
FIN416 Portfolio Management 3 0 3 4 FIN406 Risk Management and Insurance 3 0 3 5
FIN462 Financial Modeling 3 0 3 4 BNK404 Credit Analysis and Lending 3 0 3 5
FINxxx Area Elective 3 0 3 5 FINxxx Elective Course 3 0 3 4
FINxxx Area Elective 3 0 3 5 FINxxx Elective Course 3 0 3 5
TOTAL 15 0 15 22 TOTAL 15 0 15 24

L – stands for Lecture Hour (hours/week)
T – stands for Lab/Tutorial (hours/week)
C – stands for Credit

BANKING AND FINANCE

MAT103 Mathematics for Business and Economics I
First degree-equations in one variable. Second degree-equations in one variable. Inequalities and their solutions. Absolute value relationship. Rectangular coordinate system. Linear equations; Graphical characteristics, slope-intercept form, determination of the equation of a straight line. Systems of linear equations; two-variable systems of linear equations, Gaussian elimination method, n-variable systems, selected applications of systems of linear equations. Functions; types of functions, graphical representation of functions. Linear functions and applications; Linear cost, revenue, profit, demand and supply functions. Break-even models. Quadratic functions and their characteristics; quadratic cost, revenue, profit, demand and supply functions. Polynomial functions. Exponential and logarithmic functions and their characteristics. Equations involving logarithmic and exponential expressions.

TURK101 Turkish I
The course will cover the following: the importance of language as a social institution in the life of a nation; relations between culture and language; the Turkish languages and their geographical distribution; history of the Turkish language; phonology of the Turkish language; rules of punctuation. The rule of inflection (declension and conjugation) and derivation in the Turkish language. General rules of composition; various forms of written expression.

ECO101 Introduction to Economics I
This course introduces students to the key concept and topic of microeconomics such as demand and supply, elasticity, utility, preferences, production, costs, perfect competition, monopoly, monopolistic competition, oligopoly and factor markets.

CMS101 Introduction to Information Technology I
Introduction to information technology and its significance for business, economics, and society. Understanding how computers work, introducing fundamental concepts relating to hardware, software, central processing unit, input and output, storage, networks and internet. Basic PC, Windows, and MS Office skills, and intermediate-level Word and PowerPoint skills.

BA101 Introduction to Business
Understanding the business system. Understanding the global context of business. Conducting business ethically and responsibly. Entrepreneurship and the small business. Managing the business enterprise. Organizing the business enterprise.

STA201 Statistics I
Scope of statistics, descriptive and inductive statistics, measures of central tendency and measures of dispersion. Probability, sampling, estimation.

STA202 Statistics II
Hypothesis testing, analysis of variance tests, chi-squared test. Regression and correlation. Time-series analysis, non-parametric methods.

ECO102 Introduction to Economics II
Elementary macroeconomics. Determination of national income. The role of government. The banking system. Problems of inflation, unemployment and growth.

CMS102 Introduction to Information Technology II
It introduces the students to various ways in which IT and information systems are used in businesses at varying levels of management. Topics covered include decision support systems, expert systems, electronic commerce, corporate information systems, and enterprise resource planning systems. Excel and Access are also covered at introductory level.

POL101 Introduction to Global Politics
The course is built on a number of controversial issues in the field of contemporary global politics. Students are expected to read and think about these controversial issues and they are encouraged to put forward their own points of view in an atmosphere of discussion and debate in the class.

ENG103 Academic English I
ENG 103 is a first semester freshman academic English course. It is designed to help students improve the level of their English to B1 level, as specified in the Common European Framework of Reference for Languages. The course connects critical thinking with language skills and incorporates learning technologies such as Moodle. The purpose of the course is to consolidate students? knowledge and awareness of academic discourse, language structures and lexis. The main focus will mainly be on the development of productive (writing and speaking) and receptive (reading) skills in academic settings.

ENG104 Academic English II
ENG 104 is a second semester freshman academic English course. It is designed to help students improve the level of their English to B2 level, as specified in the Common European Framework of Reference for Languages. The course connects critical thinking with language skills and incorporates learning technologies such as Moodle. The purpose of the course is to consolidate students? knowledge and awareness of academic discourse, language structures and lexis. The main focus will mainly be on the development of language skills in reading, writing, listening and speaking and the improvement of general academic study skills necessary in an academic setting.

LAW205 Introduction to Law
This course, we will study the law of contracts, of torts, and certain aspects of company law. Case study method will be utilized, and emphasis will be placed on learning the legal principles and their concrete applications in business settings.

HIST101 History of Turkish Republic
A general survey of Turkish history from about the mid-19th century until World War II with a particular focus on the early Republican era. A comparative and analytical account of Westernization and Ottoman reform attempts, the struggle for constitution, the economic and social transformations, diplomacy and foreign policy, World War I, the rise of Turkish nationalism, the National Struggle, Kemalist social, economic and cultural reforms in the 1920s and 1930s with special emphasis on the Kemalist principles.

ACT201 Principles of Accounting I
This course is an introduction to the preparation and interpretation of financial statements. With the help of computer-based problems and internet assignments, it covers the accounting cycle by which the information about business transactions is summarized in these statements. The principal methods of instruction will consist in interactive lecturing and problem-solving.

FIN102 Introduction to Banking And Finance
It is the introductory course of banking giving an overview of the commercial bank, its functions, management, and role in the economy. Topics primary include the structure of the banking system; the organizational structure of commercial banks; bank asset and liability management; international banking; theory of central banking; bank regulation and supervision; and issues in banking detailed as banks’ balance sheet and income structure, managing banks, banking risks and their management.

TURK102 Turkish II
The course will cover the following: the importance of language as a social institution in the life of a nation; relations between culture and language; the Turkish languages and their geographical distribution; history of the Turkish language; phonology of the Turkish language; rules of punctuation. The rule of inflection (declension and conjugation) and derivation in the Turkish language. General rules of composition; various forms of written expression.

MAT104 Mathematics for Business and Economics II
Matrices and determinants; Applications. Solution of systems of linear equations; Inverse matrix method, Cramer’s rule. Rate of change. Derivatives. Higher order derivatives. Curve sketching. Optimization. Revenue, cost, profit applications. Cost-benefit analysis. Functions of several variables. Partial derivatives. Applications. Lagrange multipliers. Integrals. Definite Integrals. Areas, Applications.

BA210 Business Communication
Communicating within the organization, with stakeholders and on a cross cultural level. Techniques for effective business communication: use of communication technology, types of business letters, memos and reports, resume writing, how to act during presentations and interviews. Listening skills, non-verbal cues and international business etiquette.

ECO201 Intermediate Microeconomics
Theories of consumer behavior. Theory of costs. Output determination in competitive and non-competitive markets. General equilibrium analysis and welfare economics.

ACC202 Principles of Accounting II
Accounting for assets, liabilities, and capital. Detailed accounting procedures for financial assets, inventories, and fixed assets. Accounting for cash, receivables, marketable securities, merchandise inventory, land, buildings, equipment, machinery, and other fixed assets. Accounting procedures for short and long-term liabilities. Components of capital.

ECO202 Intermediate Macroeconomics
Determinants of the level of aggregate demand. General equilibrium of product, money, and labor markets. International macroeconomic relationships. Fundamentals of the economic growth process and income distribution.

BNK201 Commercial Bank Management
Techniques for the financial management of commercial banks. Topics of study include industry
structure, administrative organization, management of assets, liabilities, capital, and financial analysis of the banking firm.

BNK401 Marketing of Financial Services
This course provides a basic understanding the financial services marketing. It covers the following topics: financial services environment, customer relations and market segmentation, marketing research, product development; pricing, advertising and communications, channels of distribution, credit cards, marketing planning, administration and control, and marketing strategies for financial services.

FIN302 Money and Banking
This course presents the students underlying economic explanations for why the financial system is organized as it is and to teach them functions of the financial system in the economy. It focuses on the role of interest rates, financial markets and institutions.

FIN262 Financial Data Analysis
The course is designed to introduce time series methodology mostly used in finance with a special emphasis placed on applications. It starts with basic statistical theory for handling financial time series. These lectures cover e.g. lognormal distribution, test of normality and random walk models. Subsequently univariate time series models are discussed in order to identify the models and make forecasts. In addition, the course deals with vector autoregressive processes, unit roots and cointegration analysis as well as stochastic volatility modeling. There will be computer exercises in EViews with practical examples. The financial data are taken from Financial Thomson Datastream or other vendors of financial data.

FIN301 Financial Management
Introduction to financial management, time value of money; corporate investment appraisal; capital structure decisions; the cost of capital; short-term and long-term financing; dividend policy and working capital management. It also includes, net present value and other investment criteria.

BNK303 International Banking
The course aims to give students a good understanding of what international banking is in a globalizing world. the methods and techniques of international trade finance and the risk aversion methods of banks in international financial environment are being examined. topics include: money transfers, collection and letters of credit.

FIN362 Applied Financial Statistics
This course discusses the sampling methods and the central limit theorem, estimation and confidence intervals, tests of hypothesis: one-sample, tests of hypothesis: two-sample, chi-square analyses, analysis of variance, correlation and regression models.

FIN 363 Investment Fundamentals
This course is designed to analyze the environment in which an individual will make investment decisions under uncertainty. To achieve this goal, the course will begin with a brief overview of the financial markets and financial instruments, followed by detailed discussion of some of the common concepts in investment: risk & return, valuation techniques, diversification and CAPM, etc.

FIN308 International Finance
This course studies the global financial environment. It mainly examines the international monetary system, exchange rate regimes occurred in the past starting with gold standard, and then fixed and fluctuating exchange rates; contemporary exchange rate regimes, exchange rate determination, international financial markets and transactions in foreign exchange markets in which banks and bankers are more likely to encounter in their usual operations. Major areas covered include globalization process of financial environment, exchange rate determination, balance of payment, foreign currency derivatives and other hedging activities against foreign exchange risks through international financial instruments.

FIN306 Corporate Finance
Introduction to financial management, financial statements. Other topics included are as follows: taxes and cash flow, working with financial statements, introduction to valuation: the time value of money, discounted cash flow valuation, interest rates and bond valuation, equity markets and stock valuation, net present value and other investment criteria, making capital investment decisions and cost of capital.

FIN416 Portfolio Management
The main objective of the course is to give students an introductory understanding of modern portfolio management and its implications for investment management and the pricing of assets. The course covers the following major topics: portfolio theory, efficient diversification, pricing models, mutual funds and investment Companies.

FIN462 Financial Modeling
Financial Modeling is a key skill with application in several areas within banking and finance industry as well as within corporations. It prepares you for roles in core – finance areas such as Equity Research, Investment Banking, Project Finance, Business Analysis, Credit Rating Mergers & Acquisitions Financial Analysis, Corporate Finance, IPO Analysis.

BNK408 Asset and Liability Management
This course will explore its issues and its challenges for bank risk managers auditors and regulators. The course will emphasise practical advantages and disadvantages of risk measurement and management tools and techniques. Samples of best practices risk reports will be provided.
Course knowledge will be reinforced through workshops using MS Excel to explore rate risk measurement and liquidity stress testing as well as course reviews. Basic knowledge in risk management, control and statistics is required. Active participation of the class is necessary to benefit from the full value of this programme.
The case studies will give you real life examples of the theories covered in the lectures, giving you a greater understanding of the course topics. The same sample bank is used for most risk measurement, reporting and hedging examples to enhance examples and comparisons.

FIN406 Risk Management and Insurance
The course deals with insurance concept generally. Different branches as well as occupations in insurance and current issues such as catastrophe losses, moral and ethical problems and risk management problems are given.

BNK404 Credit Analysis And Lending
Fundamentals of managing credit selection risk and underwriting risk; bank lending policies and procedures; loan pricing; credit loan agreements; monitoring loan performance; consumer and real estate lending; lending to large corporation; lending to small businesses.

BNK400 Internship
Students are required to complete a 4 week internship at a financial institution, as approved by the Chair of the Department.