Syllabus
IMG 441- Capital Markets and Portfolio Management
Fall 2013
Course:
Capital Markets and Portfolio Management
Classroom:
D18 - Thursday; 9:15 AM – 12:00 PM
Instructor:
Emrah Arıoğlu, Ph.D.
E-mail:
earioglu@cu.edu.tr
Office:
Department of Business Administration 2nd Floor Room 209
Office hours:
By appointment
Course webpage: http://emraharioglu.weebly.com/capital-markets.html
OBJECTIVE
The objective of this course is to provide a foundation in basic concepts of capital markets and portfolio
management. Among the subjects that will be covered are: investments, asset classes, financial
instruments, stocks, Borsa Istanbul, common stock and bond valuation, portfolio management, asset
pricing models, efficient markets hypothesis, and behavioral finance and technical analysis.
RECOMMENDED MATERIALS

TEXT: Bodie, Kane, Marcus. Investments and Portfolio Management. The most recent edition.
Reilly, Brown. Investment Analysis Portfolio Management. The most recent edition.

http://emraharioglu.weebly.com/: The slides for the lectures, in addition to
recommended reading materials, are posted on this webpage.
PERFORMANCE ASSESSMENT
The grade for this course will be determined based on one of the following schedules in such a manner
that it will benefit the student the most:
Assessment
Option 1
Option 2
Option 3
Midterm
40 %
50 %
60 %
Final
60 %
50 %
40 %
Attendance and participation to the lecture will be considered when the student needs a potential grade
revision.
PREREQUISITES
There are no prerequisites.
COMMUNICATIONS
Office hours are available by appointment. However, you can just walk in when I am in my office. If I am
too busy and ask you to come later, please do not take it personally. Any related material, in addition to
those already posted on the webpage mentioned, will be posted online whenever necessary. Please do
not get in touch with me via my cell phone unless it is very urgent. FYI, issues such as a missed class or
an exam are not considered urgent by me. Lastly, please do not use Facebook for contacting me.
CLASSROOM CONDUCT and ATTENDANCE
Students are expected and encouraged to attend all classes, and read appropriate material. Please note
that attendance is not required, however it will be very useful for understanding the lecture content. It
is very likely that you would fail in the case that you do not attend classes. If you choose to come to
class, students are required to show respect to their classmates by exhibiting appropriate behavior.
TENTATIVE SCHEDULE (Subject to Change)
CHAPTER 1 – Introduction to Investments
CHAPER 2 – Asset Classes Financial Instruments
CHAPTER 3 – Stocks
CHAPTER 4 – Borsa Istanbul
CHAPTER 5 – Common Stock Valuation
CHAPTER 6 – Bond Valuation
CHAPTER 7 – Portfolio Management
CHAPTER 8 – Asset Pricing Models
CHAPTER 9 – Efficient Market Hypothesis
CHAPTER 10 – Behavioral Finance & Technical Analysis
CHAPTER 11 – Portfolio Performance Evaluation (optional)
Exams: The midterms and final exam will be closed-book. This is designed to benefit the students. The
students would not be happy with the questions they would encounter in case of an open resource
exam, in my opinion.
ACADEMIC INTEGRITY
Academic dishonesty (cheating) will not be tolerated.
CLASSROOM RULES
There are no rules. This is college; not high school. Everybody in the classroom is a grown-up individual
who is expected to know how to behave in a social setting.
RECOMMENDATIONS & SUGGESTIONS
Please do not cheat. In the case that you try to cheat and do not get caught: you are lucky. However, if
you get caught: please act as a mature individual facing the consequences of his/her behavior. Do not
negotiate or make up excuses. I will not take it personal as long as you can quietly walk out of the
classroom.
Please DO NOT MEMORIZE the course material. You are in the classroom to learn; not to memorize.
Please do not expect your typical questions based on memorizing, in the exams. I do not care if you can
remember the definition of a concept; but value your efforts to learn.
Please do not come to the classroom if you are not interested in the subject. Stay at home and watch
TV. If you choose to come, as long as you do not distract me or your classmates, you can play with your
phone, etc.
Please keep in mind that I am paid to teach you. Try to benefit the most.
Please remember that this is not a course on English! I will not judge you based on your English
proficiency. Try to do your best using your level of English.
Please do not expect me to teach in Turkish. After all, the medium of instruction is English as stated on
your diploma.
HAVE FUN!