International Office

Department

Programs

Ph.D. Programs

Thesis Master Programs

Medium of Instruction

English

Program Duration

2 Years (Thesis Program).

Minimum Application Requirements

♦ GPA 2.50/4.00 or 65/100

♦ YDS/EYDS/YÖKDİL English 70/100 or TOEFL 84/120 or Ibn Haldun English Test 55/70

Special Requirements:

None.

Course Plan

1st Semester
Code Course Name Hours  Credit ECTS
 Theory  Practice
MAN 501 Research Methods and Publication Ethics 3 0 3 8
MAN 503 Contemporary Management 3 0 3 8
MAN 502 Marketing Management 3 0 3 8
…. … Elective Course 3 0 3 8
TUR 501 / ARA 501 Language Course* 1 4 0 8
Total 12 40
2nd Semester
Code Course Name Hours  Credit ECTS
 Theory  Practice
MAN 500 Seminar 3 0 0 3
MAN 504 Accounting and Finance for Managers 3 0 3 8
MAN 506 Strategic Management 3 0 3 8
…. … Elective Course 3 0 3 8
…. … Elective Course 3 0 3 8
TUR 502 / ARA 502 Language Course* 1 4 0 8
Total 12 43
3rd Semester
Code Course Name Hours  Credit ECTS
 Theory  Practice
MAN 599 Master Dissertation 0 0 0 30
TUR 501 / ARA 501 Language Course* 1 4 0 8
Total 0 38
4th Semester
Code Course Name Hours  Credit ECTS
 Theory  Practice
MAN 599 Master Dissertation 0 0 0 30
TUR 502 / ARA 502 Language Course* 1 4 0 8
Total 0 38
Grand Total 24 159
COMPULSORY COURSES
Code Course Name Hours  Credit ECTS
 Theory  Practice
MAN 500 Seminar 3 0 0 3
MAN 501 Research Methods and Publication Ethics 3 0 3 8
MAN 502 Marketing Management 3 0 3 8
MAN 503 Contemporary Management 3 0 3 8
MAN 504 Accounting and Finance for Managers 3 0 3 8
MAN 506 Strategic Management 3 0 3 8
TUR 501 / ARA 501 Language Course* 1 4 0 8
TUR 502 / ARA 502 Language Course* 1 4 0 8
*may be exempted based on the language exam
ELECTIVE COURSES
Code Course Name Hours  Credit ECTS
 Theory  Practice
MAN 510 Innovation and Entrepreneurship 3 0 3 8
MAN 511 Managerial Economics 3 0 3 8
MAN 512 Operations Management 3 0 3 8
MAN 513 Data Analysis and Decision Making 3 0 3 8
MAN 514 Human Resources Management 3 0 3 8
MAN 515 Management Information Systems 3 0 3 8
MAN 516 Global Business Management 3 0 3 8
MAN 517 Global Marketing 3 0 3 8
MAN 518 Multinational Business Strategies 3 0 3 8
MAN 519 Consumer Behavior 3 0 3 8
MAN 520 Brand Communication and Strategic Brand Management 3 0 3 8
MAN 521 Supply Chain and Logistics Management 3 0 3 8
MAN 522 Business Process Analysis 3 0 3 8
EFIN 510 Capital Markets and Institutions 3 0 3 8
EFIN 512 Globalization and International Financial Markets 3 0 3 8
EFIN 513 Derivative Markets 3 0 3 8
EFIN 514 Risk Management in Financial Institutions 3 0 3 8
EFIN 515 Alternative Finance Channels 3 0 3 8
ECON 523 Islamic Economics and Finance 3 0 3 8

Course Content

Compulsory Courses

MAN 501 Contemporary Management

The objective of this course is to develop an understanding of the roles, responsibilities, and skills required of individuals (managers and non-managers) in today’s changing organizations by analyzing the characteristics of successful managers and organizations. This process will also develop an awareness of the environmental conditions and pressures facing today’s managers and organizations. Some of the topics covered in this course include as follows: management, the environment of management, managing decision making and planning, managing organizational architecture, managing individuals and groups.

MAN 503 Research Methods

This course is organized around the research process where students learn how to formulate a research question and define a research problem, decide upon a research design, assess data collection methods, define a sampling frame, determine types of data analyses, interpret data appropriately, and prepare a research report. Further, students gain an understanding of the importance of research in the development of communication strategies. An examination of specific methods used for communication research. Each section will focus on a different method, including focus groups and in-depth interviewing, polling and content analysis, survey research, and online research.

MAN 502 Managerial Economics

The course emphasizes the role of economic analysis in a wide variety of practical business situations. The course is designed to study how the application of micro economic principles can improve decision-making process of the business firm. This goal is realised by the following subjects; demand, production and cost, market structure, pricing decisions, risk and capital budgeting, business decision and government.

MAN 504 Accounting and Finance for Managers

This course provides managers and executives with the information they need to understand essential accounting principles, from vocabulary and financial statements to cash flow and valuation. Covering balance sheets, income statements, reporting measures, and even essential ratios, this practical course provides a one-stop, reference for all aspects of finance and accounting, and will help managers take essential steps toward making informed decisions based on the numbers they face every business day. The course aims specifically to teach the effective and efficient use of fiscal resources in health care institutions. Financial planning, investment decisions, debt and credit management, and techniques of financial analysis in healthcare institutions are also included within the context of the course.

MAN 506 Strategic Management

The field of strategic management examines how organizations (both for-profit companies and not-for profit agencies) gain sustainable competitive advantages systematically and consistently. To be succesful, the organization’s strategy must permeate all departments and functional areas. As such, this course integrates knowledge and skills gained from your studies in the functional areas of business. In drawing on these tools, a general management point of view will be applied – decisions and strategies will be analyzed in light of the total enterprise. By the end of the course students will be able to: (i) explain the elements of the strategic management process; (ii) analyze industry structure and environmental trends to assess industry potential; (iii) assess a firm’s resources for their potential to generate a competitive advantage; (iv) be knowledgable about new business models and strategies for the internet economy.

MAN 590 Seminar

This course provides a forum for students to discuss and generate ideas on issues related to a variety of applied social research. Students conduct an in-depth study of a research topic of their choice, discuss issues with experts in the field of research, work in discussion groups, debate and solve problems on selected issues. In the research seminar, the students are given an opportunity to integrate their knowledge, skills and practical experience gained in the program.

MAN 599 Dissertation

The program culminates in an individual piece of research in which learning on the program is applied to an appropriate topic of interest/specialization, under the guidance of a supervisor.

Elective Courses

MAN 510 Innovation and Entrepreneurship

Students acquire awareness of entrepreneurial innovation sources, structures and dynamics. Students will develop individual and group skills for generating innovative ideas and find ways to apply these ideas to address current issues and problems in different industries and settings. Topics include entrepreneurial thinking, innovation management, opportunity spotting and evaluation, industry and market research, business strategy, business models and business plans, financial forecasting and entrepreneurial finance, pitching to resource providers and negotiating deals, and launching new ventures.

MAN 511 Principles of Marketing Management

The module introduces marketing as the principal mechanism for the provision of choice in free markets. It goes on to consider the core philosophy of marketing and lays the foundations for marketing management. It evaluates fundamental marketing precepts; the application of marketing concepts, and elements of marketing management. The module examines these elements within a variety of organizations and contexts. In doing this, it provides the opportunity for students to assimilate, synthesize and apply key marketing concepts and techniques. The module provides students with a grounding in the discipline and practice of marketing that enables them to underpin the knowledge required for interacting with marketing in an organisational context or for further study in the marketing domain. The module will include coverage of the following issues: the role of marketing – marketing as a social and managerial system for the provision of choice, a mechanism of exchange and a means of constructing cultural meaning; marketing philosophies – the evolution of marketing as an academic discipline and its development and application within different organizational forms; the customer-marketing interface – the decision-making process; influence of social factors, personal factors and marketing interventions on customer behaviour; core notions within marketing – branding, the role of segmentation, targeting and positioning, the marketing mix and its elements.

MAN 512 Operations Management

As a primary business function, along with marketing and finance, the operations function provides goods and services directly to the company’s customers. Through models and methods, this course explores how the operations function plays a vital role in achieving a company’s strategic plans and is a major determinant of a company’s financial performance. The content of the course includes: Forecasting, design, inventory management, facilities planning, location, and supply chain issues.

MAN 513 Data Analysis and Decision Making

In order to facilitate management decision-making process, the course covers the introduction to analytical modeling and statistical inference. A unifying element of the course is the use of computer software to perform various kinds of analysis. Major topics include decision analysis, statistical inference, regression, linear programming and simulation. The course also develops required background material in probability.

MAN 514 Human Resources Management

This course covers topics such as theoretical developments in organizational learning and human resource development; identifying, analyzing and developing effective human resources; designing training programs for human resource development in various settings; developing policies and procedures for training in organizational perspective; methods for conducting needs assessment, defining training objectives, determining and organizing content, formulating instructional and evaluation strategies.

MAN 515 Management Information Systems

Fundamentals underlying the design, implementation, control, evaluation, and strategic use of modern, computer-based information systems for business data processing, office automation, information reporting, and decision making. EDI, Supply Chain Management, and Global Information Systems, Decision Support and Geographic Information Systems, Artificial Intelligence and Expert Systems, Risks, Controls, and Security Measures.

MAN 516 Global Business Management

Globalization and the new economy have created exciting new opportunities for managers to leverage resources worldwide. However, these phenomena require managers to be able to deal with enormous complexity in the competitive environment, in their strategy and in their organizations.  This course will focus on the strategic and organizational issues involved in managing activities across borders. Some of the topics covered in this module include: Historical evolution of international business, environment of international business, political risk analysis, new forms of foreign involvement, global strategic alliances, multinational enterprises and corporate planning.

MAN 517 Global Marketing

This course is designed to provide students a fundamental understanding of marketing in a multicultural, multinational environment. Some of the major topics include global economic environment, social, cultural and political environments, global market entry strategies and the global marketing mix. Emphasis is on the strategic implications of competition in different country markets. The course provides an approach and framework for identifying and analyzing the important cultural and environmental uniqueness of any nation or global region.

MAN 518 Multinational Business Strategies

This module considers the impact of internationalization on industry structure and competition within national markets and the influnce of national factors on a firm’s potential for competitive advantage in international markets. The module is designed to study the extent and pattern of foreign activities by multinational enterprises (MNEs), the determinants of MNE activity on technology, employment, the balance of payments and the market structure. Through lectures, seminars, workshops and case studies, it investigates alternative international strategies, the structures and control systems of MNEs. Special emphasis is also placed on Western MNEs’ direct investment activity in Turkey.

MAN 519 Consumer Behavior

The need for marketers to understand why consumers act as they do in the marketplace is the crux of this course. Students are equipped with theoretical and conceptual knowledge of consumer behavior, drawing heavily on both psychological and sociological viewpoints. This includes the psychology of individual decision-making and choice, patterns of behavior exhibited by aggregate groups of consumers, and also the sociological and cultural influences on consumer attitudes and behavior. The course prepares students for making informed decisions about how to manage and respond to the needs and wants of consumers. The course comprises subjects such as consumer oriented culture in marketing, importance of consumer behavior in marketing, developing consumer satisfaction and loyalty, concept of consumption, consumer purchase behavior and decision patterns.

MAN 520 Brand Communication and Strategic Brand Management

This course stresses the importance of the role of the brand in integrated marketing communication strategies. Students will learn about why brands are important, what they represent to consumers, and what should be done by organizations to manage them properly. Students will learn how brand equity can be created, how to measure brand equity, and how to use brand equity to expand global business opportunities. Students will learn through exams, a brand simulation, readings, and class discussions.

MAN 521 Logistics Management

Logistics Management is exciting course and promises to invigorate supply chain management courses, by examining traditional logistics issues within the context of the supply chain. This course provides a solid foundation that clearly describes the role of logistics within the supply chain, portraying a complete view of the subject and going farther to show how all the pieces fit together.

MAN 522 Business Process Analysis

This course is designed to make the students familiar with the fundamentals of business process analysis. Business processes are all over the places in the enterprises and cross many functional departments.  Although the concept of business processes is deceptively simple, the complexity lies in the details and myriad of different ways in which companies structure these processes.  After looking at the business process analysis concepts initially, the major emphasis of the course will be on how the underlying information technology supports the management of business process innovation.

EFIN 512 Capital Markets and Capital Market Institutions

The aim of this course is to provide the participants with a basic knowledge about capital markets and capital market institutions together with the skills to make research on and analyze the developments in this realm. In this context, subjects such as stock market business in the World and in Turkey, different capital market instruments, trading and pricing in capital markets, indexation and the analyses of indices and the regulation and supervision of capital markets will be covered. In addition, the roles of various global and domestic capital market institutons will be discussed.

EFIN 514 Globalization and International Financial Markets

The aim of the course is to introduce the participants to key issues related to the international financial markets which became much more integrated due to the globalization process and to develop the skills of the participants to understand and interpret the behavior of financial institutions and the operation of global markets within the framework of modern finance theory. The content of the course includes topics such as the structure and functioning of equity, bond markets and foreign exchange markets. It also focuses on specific topics that include raising capital in domestic and international equity and bond markets, project finance and the microstructure of major financial markets. In addition, the course will cover the impact of globalization on markets, asset allocation and the real economy. The theoretical framework will be supported by empirical evidence and by analysis of real-world financial instruments and financial policy issues.

EFIN 516 Derivatives

The course delivers the concepts and models underlying the analysis and pricing of financial derivatives. The main aim of the course is to provide the participants with basic skills to understand operation of derivative products and markets and to teach them how to use these products for different purposes. During the course, special emphasis will be given to the derivative products which are most commonly traded in World markets. The content of the course also includes basic properties of forwards, futures and options contracts and various product strategies that might be developed using those derivatives contracts. In addition, topics such as Black and Scholes Model, The Binomial Model, Arbitrage and Risk-Neutral Pricing, Greeks and Hedging Schemes, American Options, Exotic Options, Structured Products, Historical and Implied Volatility will be covered.

EFIN 517 Alternative Finance Channels

This course covers alternative financial intermediation systems which are defined as non-bank and other than basic capital market instruments. In this context, financing types such as microfinance, angel investments, venture capital, private equity, crowd funding, and Islamic finance instruments like Mudharabah / Musharakah that can be used for financing entrepreneurs will be covered by referring to some real practices.  The Private Market operating at Borsa Istanbul will also be analysed as an alternative way of fund raising for start-ups.

EFIN 518 Islamic Finance

In this course, the main principles and contract types of Islamic finance which has grown at a remarkable pace in recent years will be covered by referring to various financial sectors and institutions in comparison to conventional finance. The main aim of the course is to increase the awareness of the participants about Islamic finance as an alternative financing model for both Turkey and for the World. The course will include contract types such as Musharakah, Ijarah, Musharabah, Musharakah, Salam and Istisna together with their usage, management, their risks. Furthermore, Islamic capital market instruments ans institutions suh as Sukuk and Islamic investment funds will be explained. The challenges for the further development of Islamic finance will also be discussed.

EFIN 519 Risk Management in Financial Institutions

This course will examine the way in which businesses make an assessment of, control and transfer risk. The goal is to engage the participants in active discovery of risk management principles. Students will be prepared to function in a business environment, developing an awareness of the challenges, the tools, and the process of designing and implementing a risk management program. The risk management process involves identification of risks and associated potential costs, analysis of the causes of financial loss, determination of various strategies to treat risk, selection of strategies appropriate to the goals and objectives of the business, implementation of the selected strategies, management and monitoring of results.

Medium of Instruction

Turkish

Program's Duration

2 Years

Minimum Application Requirements

♦ GPA 2.00/4.00 or 53,33/100

♦ TÖMER C1 level or Ibn Haldun Turkish Test C1 level

Special Requirements

None.

Course Plan

1st Semester
Code Course Name Hours  Credit ECTS
 Theory  Practice
ISL 501 Research Methods and Publication Ethics 3 0 3 8
ISL 502 Marketing Management 3 0 3 8
ISL 503 Contemporary Management 3 0 3 8
…. … Elective Course 3 0 3 8
Total 12 32
2nd Semester
Code Course Name Hours  Credit ECTS
 Theory  Practice
ISL 500 Seminar 3 0 0 3
ISL 504 Accounting and Finance for Managers 3 0 3 8
ISL 506 Strategic Management 3 0 3 8
…. … Elective Course 3 0 3 8
…. … Elective Course 3 0 3 8
Total 12 35
3rd Semester
Code Course Name Hours  Credit ECTS
 Theory  Practice
ISL 599 Master Dissertation 0 0 0 30
Total 0 30
4th Semester
Code Course Name Hours  Credit ECTS
 Theory  Practice
ISL 599 Master Dissertation 0 0 0 30
Total 0 30
Grand Total 24 127
COMPULSORY COURSES
Code Course Name Hours  Credit ECTS
 Theory  Practice
ISL 500 Seminar 3 0 0 3
ISL 501 Research Methods and Publication Ethics 3 0 3 8
ISL 502 Marketing Management 3 0 3 8
ISL 503 Contemporary Management 3 0 3 8
ISL 504 Accounting and Finance for Managers 3 0 3 8
ISL 506 Strategic Management 3 0 3 8
ELECTIVE COURSES
Code Course Name Hours  Credit ECTS
 Theory  Practice
ISL 510 Innovation and Entrepreneurship 3 0 3 8
ISL 511 Managerial Economics 3 0 3 8
ISL 512 Operations Management 3 0 3 8
ISL 513 Data Analysis and Decision Making 3 0 3 8
ISL 514 Human Resources Management 3 0 3 8
ISL 515 Management Information Systems 3 0 3 8
ISL 516 Global Business Management 3 0 3 8
ISL 517 Global Marketing 3 0 3 8
ISL 518 Multinational Business Strategies 3 0 3 8
ISL 519 Consumer Behavior 3 0 3 8
ISL 520 Brand Communication and Strategic Brand Management 3 0 3 8
ISL 521 Supply Chain and Logistics Management 3 0 3 8
ISL 522 Business Process Analysis 3 0 3 8
ISL 523 Organizational Behaviour 3 0 3 8
ISL 524 Metropolitan Municipalities 3 0 3 8
ISL 525 Financing Entrepreneurship 3 0 3 8
ISL 526 Legal Perspectives on Innovation 3 0 3 8
ISL 527 Data Analytics and Innovative Marketing 3 0 3 8
ISL 528 Communication and PR in Municipal Administrations 3 0 3 8
ISL 529 Financing Methods and Asset Management 3 0 3 8
ISL 530 Strategic Leadership and Communication in Municipal Administrations 3 0 3 8
ISL 531 Negotiation Methods 3 0 3 8
ISL 532 Municipalities and Cultural Policies 3 0 3 8
ISL 533 Budgeting in Municipalities 3 0 3 8
ISL 534 Corporate Governance and Sustainability 3 0 3 8
ISL 535 Project Management 3 0 3 8
ISL 536 Capital Markets and Institutions 3 0 3 8
ISL 537 Financial Statements Analysis 3 0 3 8
ISL 538 Globalization and International Financial Markets 3 0 3 8
ISL 539 Derivative Markets 3 0 3 8
ISL 540 Risk Management in Financial Institutions 3 0 3 8
ISL 541 Alternative Finance Channels 3 0 3 8
ISL 542 Islamic Economics and Finance 3 0 3 8

Course Content

Compulsory Courses

MAN 501 Contemporary Management

The objective of this course is to develop an understanding of the roles, responsibilities, and skills required of individuals (managers and non-managers) in today’s changing organizations by analyzing the characteristics of successful managers and organizations. This process will also develop an awareness of the environmental conditions and pressures facing today’s managers and organizations. Some of the topics covered in this course include as follows: management, the environment of management, managing decision making and planning, managing organizational architecture, managing individuals and groups.

MAN 503 Research Methods

This course is organized around the research process where students learn how to formulate a research question and define a research problem, decide upon a research design, assess data collection methods, define a sampling frame, determine types of data analyses, interpret data appropriately, and prepare a research report. Further, students gain an understanding of the importance of research in the development of communication strategies. An examination of specific methods used for communication research. Each section will focus on a different method, including focus groups and in-depth interviewing, polling and content analysis, survey research, and online research.

MAN 502 Managerial Economics

The course emphasizes the role of economic analysis in a wide variety of practical business situations. The course is designed to study how the application of micro economic principles can improve decision-making process of the business firm. This goal is realised by the following subjects; demand, production and cost, market structure, pricing decisions, risk and capital budgeting, business decision and government.

MAN 504 Accounting and Finance for Managers

This course provides managers and executives with the information they need to understand essential accounting principles, from vocabulary and financial statements to cash flow and valuation. Covering balance sheets, income statements, reporting measures, and even essential ratios, this practical course provides a one-stop, reference for all aspects of finance and accounting, and will help managers take essential steps toward making informed decisions based on the numbers they face every business day. The course aims specifically to teach the effective and efficient use of fiscal resources in health care institutions. Financial planning, investment decisions, debt and credit management, and techniques of financial analysis in healthcare institutions are also included within the context of the course.

MAN 506 Strategic Management

The field of strategic management examines how organizations (both for-profit companies and not-for profit agencies) gain sustainable competitive advantages systematically and consistently. To be succesful, the organization’s strategy must permeate all departments and functional areas. As such, this course integrates knowledge and skills gained from your studies in the functional areas of business. In drawing on these tools, a general management point of view will be applied – decisions and strategies will be analyzed in light of the total enterprise. By the end of the course students will be able to: (i) explain the elements of the strategic management process; (ii) analyze industry structure and environmental trends to assess industry potential; (iii) assess a firm’s resources for their potential to generate a competitive advantage; (iv) be knowledgable about new business models and strategies for the internet economy.

MAN 590 Seminar

This course provides a forum for students to discuss and generate ideas on issues related to a variety of applied social research. Students conduct an in-depth study of a research topic of their choice, discuss issues with experts in the field of research, work in discussion groups, debate and solve problems on selected issues. In the research seminar, the students are given an opportunity to integrate their knowledge, skills and practical experience gained in the program.

MAN 599 Dissertation

The program culminates in an individual piece of research in which learning on the program is applied to an appropriate topic of interest/specialization, under the guidance of a supervisor.

Elective Courses

MAN 510 Innovation and Entrepreneurship

Students acquire awareness of entrepreneurial innovation sources, structures and dynamics. Students will develop individual and group skills for generating innovative ideas and find ways to apply these ideas to address current issues and problems in different industries and settings. Topics include entrepreneurial thinking, innovation management, opportunity spotting and evaluation, industry and market research, business strategy, business models and business plans, financial forecasting and entrepreneurial finance, pitching to resource providers and negotiating deals, and launching new ventures.

MAN 511 Principles of Marketing Management

The module introduces marketing as the principal mechanism for the provision of choice in free markets. It goes on to consider the core philosophy of marketing and lays the foundations for marketing management. It evaluates fundamental marketing precepts; the application of marketing concepts, and elements of marketing management. The module examines these elements within a variety of organizations and contexts. In doing this, it provides the opportunity for students to assimilate, synthesize and apply key marketing concepts and techniques. The module provides students with a grounding in the discipline and practice of marketing that enables them to underpin the knowledge required for interacting with marketing in an organisational context or for further study in the marketing domain. The module will include coverage of the following issues: the role of marketing – marketing as a social and managerial system for the provision of choice, a mechanism of exchange and a means of constructing cultural meaning; marketing philosophies – the evolution of marketing as an academic discipline and its development and application within different organizational forms; the customer-marketing interface – the decision-making process; influence of social factors, personal factors and marketing interventions on customer behaviour; core notions within marketing – branding, the role of segmentation, targeting and positioning, the marketing mix and its elements.

MAN 512 Operations Management

As a primary business function, along with marketing and finance, the operations function provides goods and services directly to the company’s customers. Through models and methods, this course explores how the operations function plays a vital role in achieving a company’s strategic plans and is a major determinant of a company’s financial performance. The content of the course includes: Forecasting, design, inventory management, facilities planning, location, and supply chain issues.

MAN 513 Data Analysis and Decision Making

In order to facilitate management decision-making process, the course covers the introduction to analytical modeling and statistical inference. A unifying element of the course is the use of computer software to perform various kinds of analysis. Major topics include decision analysis, statistical inference, regression, linear programming and simulation. The course also develops required background material in probability.

MAN 514 Human Resources Management

This course covers topics such as theoretical developments in organizational learning and human resource development; identifying, analyzing and developing effective human resources; designing training programs for human resource development in various settings; developing policies and procedures for training in organizational perspective; methods for conducting needs assessment, defining training objectives, determining and organizing content, formulating instructional and evaluation strategies.

MAN 515 Management Information Systems

Fundamentals underlying the design, implementation, control, evaluation, and strategic use of modern, computer-based information systems for business data processing, office automation, information reporting, and decision making. EDI, Supply Chain Management, and Global Information Systems, Decision Support and Geographic Information Systems, Artificial Intelligence and Expert Systems, Risks, Controls, and Security Measures.

MAN 516 Global Business Management

Globalization and the new economy have created exciting new opportunities for managers to leverage resources worldwide. However, these phenomena require managers to be able to deal with enormous complexity in the competitive environment, in their strategy and in their organizations.  This course will focus on the strategic and organizational issues involved in managing activities across borders. Some of the topics covered in this module include: Historical evolution of international business, environment of international business, political risk analysis, new forms of foreign involvement, global strategic alliances, multinational enterprises and corporate planning.

MAN 517 Global Marketing

This course is designed to provide students a fundamental understanding of marketing in a multicultural, multinational environment. Some of the major topics include global economic environment, social, cultural and political environments, global market entry strategies and the global marketing mix. Emphasis is on the strategic implications of competition in different country markets. The course provides an approach and framework for identifying and analyzing the important cultural and environmental uniqueness of any nation or global region.

MAN 518 Multinational Business Strategies

This module considers the impact of internationalization on industry structure and competition within national markets and the influnce of national factors on a firm’s potential for competitive advantage in international markets. The module is designed to study the extent and pattern of foreign activities by multinational enterprises (MNEs), the determinants of MNE activity on technology, employment, the balance of payments and the market structure. Through lectures, seminars, workshops and case studies, it investigates alternative international strategies, the structures and control systems of MNEs. Special emphasis is also placed on Western MNEs’ direct investment activity in Turkey.

MAN 519 Consumer Behavior

The need for marketers to understand why consumers act as they do in the marketplace is the crux of this course. Students are equipped with theoretical and conceptual knowledge of consumer behavior, drawing heavily on both psychological and sociological viewpoints. This includes the psychology of individual decision-making and choice, patterns of behavior exhibited by aggregate groups of consumers, and also the sociological and cultural influences on consumer attitudes and behavior. The course prepares students for making informed decisions about how to manage and respond to the needs and wants of consumers. The course comprises subjects such as consumer oriented culture in marketing, importance of consumer behavior in marketing, developing consumer satisfaction and loyalty, concept of consumption, consumer purchase behavior and decision patterns.

MAN 520 Brand Communication and Strategic Brand Management

This course stresses the importance of the role of the brand in integrated marketing communication strategies. Students will learn about why brands are important, what they represent to consumers, and what should be done by organizations to manage them properly. Students will learn how brand equity can be created, how to measure brand equity, and how to use brand equity to expand global business opportunities. Students will learn through exams, a brand simulation, readings, and class discussions.

MAN 521 Logistics Management

Logistics Management is exciting course and promises to invigorate supply chain management courses, by examining traditional logistics issues within the context of the supply chain. This course provides a solid foundation that clearly describes the role of logistics within the supply chain, portraying a complete view of the subject and going farther to show how all the pieces fit together.

MAN 522 Business Process Analysis

This course is designed to make the students familiar with the fundamentals of business process analysis. Business processes are all over the places in the enterprises and cross many functional departments.  Although the concept of business processes is deceptively simple, the complexity lies in the details and myriad of different ways in which companies structure these processes.  After looking at the business process analysis concepts initially, the major emphasis of the course will be on how the underlying information technology supports the management of business process innovation.

EFIN 512 Capital Markets and Capital Market Institutions

The aim of this course is to provide the participants with a basic knowledge about capital markets and capital market institutions together with the skills to make research on and analyze the developments in this realm. In this context, subjects such as stock market business in the World and in Turkey, different capital market instruments, trading and pricing in capital markets, indexation and the analyses of indices and the regulation and supervision of capital markets will be covered. In addition, the roles of various global and domestic capital market institutons will be discussed.

EFIN 514 Globalization and International Financial Markets

The aim of the course is to introduce the participants to key issues related to the international financial markets which became much more integrated due to the globalization process and to develop the skills of the participants to understand and interpret the behavior of financial institutions and the operation of global markets within the framework of modern finance theory. The content of the course includes topics such as the structure and functioning of equity, bond markets and foreign exchange markets. It also focuses on specific topics that include raising capital in domestic and international equity and bond markets, project finance and the microstructure of major financial markets. In addition, the course will cover the impact of globalization on markets, asset allocation and the real economy. The theoretical framework will be supported by empirical evidence and by analysis of real-world financial instruments and financial policy issues.

EFIN 516 Derivatives

The course delivers the concepts and models underlying the analysis and pricing of financial derivatives. The main aim of the course is to provide the participants with basic skills to understand operation of derivative products and markets and to teach them how to use these products for different purposes. During the course, special emphasis will be given to the derivative products which are most commonly traded in World markets. The content of the course also includes basic properties of forwards, futures and options contracts and various product strategies that might be developed using those derivatives contracts. In addition, topics such as Black and Scholes Model, The Binomial Model, Arbitrage and Risk-Neutral Pricing, Greeks and Hedging Schemes, American Options, Exotic Options, Structured Products, Historical and Implied Volatility will be covered.

EFIN 517 Alternative Finance Channels

This course covers alternative financial intermediation systems which are defined as non-bank and other than basic capital market instruments. In this context, financing types such as microfinance, angel investments, venture capital, private equity, crowd funding, and Islamic finance instruments like Mudharabah / Musharakah that can be used for financing entrepreneurs will be covered by referring to some real practices.  The Private Market operating at Borsa Istanbul will also be analysed as an alternative way of fund raising for start-ups.

EFIN 518 Islamic Finance

In this course, the main principles and contract types of Islamic finance which has grown at a remarkable pace in recent years will be covered by referring to various financial sectors and institutions in comparison to conventional finance. The main aim of the course is to increase the awareness of the participants about Islamic finance as an alternative financing model for both Turkey and for the World. The course will include contract types such as Musharakah, Ijarah, Musharabah, Musharakah, Salam and Istisna together with their usage, management, their risks. Furthermore, Islamic capital market instruments ans institutions suh as Sukuk and Islamic investment funds will be explained. The challenges for the further development of Islamic finance will also be discussed.

EFIN 519 Risk Management in Financial Institutions

This course will examine the way in which businesses make an assessment of, control and transfer risk. The goal is to engage the participants in active discovery of risk management principles. Students will be prepared to function in a business environment, developing an awareness of the challenges, the tools, and the process of designing and implementing a risk management program. The risk management process involves identification of risks and associated potential costs, analysis of the causes of financial loss, determination of various strategies to treat risk, selection of strategies appropriate to the goals and objectives of the business, implementation of the selected strategies, management and monitoring of results

Medium of Instruction

English.

Program's Duration

2 Years.

Minimum Application Requirements

  • GPA 2.50/4.00 or 65/100
  • YDS/EYDS/YÖKDİL 65/100 or TOEFL 78/120 or İbn Haldun English Test 53/70

Special Requirements

None.

Course Plan

1st Semester
Code Course Name Theory Practice Credit ECTS
ECON 501 Research Methods 3 0 3 8
ECON 503 Microeconomic Analysis 3 0 3 8
ECON 505 Macroeconomic Analysis 3 0 3 8
…. … Elective Course 3 0 3 8
Total 9 32
2nd Semester
Code Course Name Theory Practice Credit ECTS
ECON 504 Microeconomic Theory 3 0 3 8
ECON 506 Macroeconomic Theory 3 0 3 8
ECON 508 Econometrics 3 0 3 8
ECON 500 Seminar 3 0 0 3
…. … Elective Course 3 0 3 8
Total 12 35
3rd Semester
Code Course Name Theory Practice Credit ECTS
ECON 599 Master Dissertation 0 0 0 30
Total 0 30
4th Semester
Code Course Name Theory Practice Credit ECTS
ECON 599 Master Dissertation 0 0 0 30
Total 0 30
Grand Total 21 127
COMPULSORY COURSES
Fall Term
Code Course Name Theory Practice Credit ECTS
ECON 501 Research Methods 3 0 3 8
ECON 503 Microeconomic Analysis 3 0 3 8
ECON 505 Macroeconomic Analysis 3 0 3 8
Spring Term
ECON 504 Microeconomic Theory 3 0 3 8
ECON 506 Macroeconomic Theory 3 0 3 8
ECON 508 Econometrics 3 0 3 8
ECON 500 Seminar 3 0 0 3
ELECTIVE COURSES
Code Course Name Theory Practice Credit ECTS
ECON 510 International Economics 3 0 3 8
ECON 511 Innovation Economics 3 0 3 8
ECON 512 Game Theory 3 0 3 8
ECON 513 Monetary Economics 3 0 3 8
ECON 514 Industrial Economics 3 0 3 8
ECON 515 Energy Economics 3 0 3 8
ECON 516 Public Economics 3 0 3 8
ECON 517 Time Series Econometrics 3 0 3 8
ECON 518 Panel Data and Cross Section Models 3 0 3 8
ECON 519 Environmental Economics 3 0 3 8
ECON 520 Development Economics 3 0 3 8
ECON 521 Transportation Economics 3 0 3 8
ECON 522 Real Estate and Urban Economics 3 0 3 8
ECON 523 Islamic Economics and Finance 3 0 3 8
ECON 545 Current Issues in Turkish Economy 3 0 3 8
ECON 546 Economic History of Modern Turkey 3 0 3 8

Course Content

ECON 503 Microeconomic Analysis

The aim of this course is to provide students an ability to command of the basic concepts, theories and applications of microeconomics and to apply this knowledge to practical problems. For this purpose, first of all, under the topic of individual decision; consumer theories, demand theory, production theory and uncertainty will be discussed. Continuing with game theory, this course will end with analysis of free market structure, public goods and economic externalities.

ECON 504 Microeconomic Theory

This course, which is the continuation of the course in the first semester of the program, will start with the analysis of different market structures and will continue with the examination of issues such as information asymmetry, reverse selection, principal-agent problem which provide the markets to operate effectively. In this framework, the possible effects of these problems on social welfare will be discussed. In the last part of the course, which will be covered by the General Balance Theory, topics such as collective decision making, bargaining based on certain axioms and economic mechanism design will take place.

ECON 505 Macroeconomic Analysis

This course will be started within the first semester and will start with the definition of the main topics of macroeconomics within the framework of different economic schools and then continue with national income accounting. Afterwards, topics such as dynamic aggregate demand and aggregate supply, IS-LM models, monetary and fiscal policies, investment and consumption decisions, macroeconomic decisions in open economies, exchange rate and interest rates will be covered in the framework of neoclassical and Keynesian economics.

ECON 506 Macroeconomic Theory

This course, which is the continuation of the course in the first semester, will be explained in more detail in terms of the functioning of money and foreign exchange markets and methods of struggling against inflation in an open economy. In this frame, Marshall-Lerner condition, Keynesian Theory, the function of money and capital markets in open and closed economies, macroeconomic models and rational expectations in these models, politics effectiveness and dynamics of macroeconomic modeling will be discussed.

ECON 510 International Economics 

In this course, students will learn about the mechanism of international economic and commercial activities, the main reasons for the emergence of these relations, and the main theories trying to explain these relations. It will also touch upon the economic policies developed to make international economic activities and trade more effective and to develop them, the factors that determine foreign exchange prices, the basic components of balance-of-payments balance, the factors determining foreign trade, basic shapes and determinants of capital flows between countries and how globalization affects the international economy.

ECON 511 Innovation Economics 

This course mainly analyzes the relationship between economic development and knowledge-based economic structure and the impact of innovation on competitiveness. The role of creativity in the process of achieving sustainable competitive advantage is analyzed by examples from individuals, companies and countries. In addition, current applications and case studies are addressed, using global data clusters, in which the theoretical models of research and development, intellectual property rights and patent economics are passed on to the students through the innovation indicators.

ECON 512 Game Theory 

This course, which based on the game theory frequently used in economic theory applications, will provide basic information about games under different assumptions and their equilibrium conditions. In this context, normal and consecutive games in which there is no co-operation between the participants will be explained on the basis of whether participants have complete and perfect knowledge of the competitions and conditions of the game. How these games are used in economic theory and applications will be addressed through examples. Further topics such as experimental game theory and Markov-perfect equilibrium will also be discussed.

ECON 513 Monetary Economics 

In this course, we will focus primarily on the fundamental functions of money in an economy and the factors that affect money demand. Then, the issues such as money supply, the basic components of monetary policy, the role of central banks in the economy, and the process of determining policy and market interest rates will be discussed. Different concepts and models of the monetary transmission mechanisms used to explain the real economy effect of monetary policy will be explained and the problems such as how to determine the optimal institutional and operational monetary policy will be addressed. Additionally, some disruptions that may arise in financial markets and macro-financial links will be touched upon.

ECON 514 Industrial Economics 

This course will be based on possible disruptions to the market and will use different models of optimization and game theory to model different market structures outside of the full competition market such as monopoly, oligopoly, and card, as well as models of various price and price strategies of companies operating in such market structures . Antitrust regimes and competition policies to prevent social welfare losses that may arise from such market structures will be studied with a global perspective.

ECON 515 Energy Economics 

In this course, the theoretical and empirical approaches of the main energy sources such as oil, natural gas, coal and electricity will be examined and the theoretical and empirical approaches of the processes in the spot and future markets will be examined. Additionally, impacts of the usage of energy and natural resources on economic development will be discussed.

ECON 516 Public Economics 

The main theme of this course are the basic concepts of fiscal policy, finance policy applications, comparative analysis of market economy with public economy, public goods. Issues such as decision-making processes of public finance in the framework of models such as voting, contract and game theory, economic analysis of bureaucracy, local and central budgets, budgeting process, development of public expenditures, public incomes and welfare will also be discussed.

ECON 517 Time Series Econometrics 

In this course, not only qualitative advanced forecasting methods are addressed, but also different time series modeling approaches, regression analysis and econometric modeling are explained. In the content of the course, the characteristics of the time series will be emphasized, and the model selection will be taught to make the best guess for the structure of the given data. Software programs, namely E-views and RATS, will be used during the course work.

ECON 518 Panel Data and Cross Sectional Models 

In addition to the course on the analysis of time series, this course aims to acquire the skill of developing different models for understanding the relations between economic variables. In the course, different approaches used in modeling of panel data, problems encountered in estimating these models and related econometric methods are explained. In the course, applications will be made using STATA, statistical software program.

ECON 519 Environmental Economics 

This course based on the mutual interaction between environment and economics, will discuss how economic operation should be regulated optimally in order to achieve a balance between economic activities and other social objectives. . Generally using microeconomic theories and practices, this course  has the main theme of how to optimize economic efficiency and productivity with sustainable environmental policies.

ECON 520 Development Economics 

In this course, basic definitions, concepts and theories about participatory development will be explained. In this framework, various indicators of economic development and growth will be addressed, as well as criticisms of different economic theories attempting to explain economic development, as well as criticisms of the concept and theories of development. With this basic information, the structural transformations of economies, industrialization, agricultural transformation and environment, development policies and market relations will be discussed from an empirical point of view.

ECON 521 Transport Economics 

The aim of the course is to provide the students who are interested in this area as a whole with the ability to make economic analysis of the transportation sector and to understand the contributions of the transportation sector to the economic development. The course also seeks to develop an understanding of various analytical techniques of managerial economics that facilitate decision-making in the areas of production and costs, demand, pricing, investment and government regulation and intervention in the transport sector.

ECON 522 Real Estate and Urban Economics 

The aim of this course is to examine the economic activities in the real estate, construction and building sectors from an academic point of view and to analyze urban economics. At the beginning of the course, economic models and applications for the housing sector and financing are covered, followed by the construction and operation economics of commercial real estate. This model of models and applications of real estate products in banking and capital markets is studied in detail, with simulations and calculations of some of these products. This course also focuses on the financing dimension of the issues such as smart urbanization, urban transformation and green building, and its impact on economic growth.

ECON 523 Islamic Economics and Finance 

This course is an introduction to understand the Islamic economics and finance. The aim of the course is to teach the main theories and practices of Islamic economics and finance using basic concepts. Starting from the origins and historical background of Islamic Economics and finance to understand the paradigm, this course then examines the Islamic rule system and financial instruments. In the main part of the course, Islamic capital markets and the banking sector are emphasized. This course also focuses on Turkey’s experience and shows how Islamic economics and finance is positioned within the Turkish financial sector.

Language of Instruction

English.

Program's Duration

2 Years.

Minimum Application Requirements

♦ GPA  2.50/4.00 or 65/100

♦ YDS/EYDS/YÖKDİL 70/100 or TOEFL 84/120 or Ibn Haldun English Test 55/70

Special Requirements

None.

Course Program

1st Semester
Code Code Name Theory Practice Credit ECTS
EFIN 501 Research Methods 3 0 3 8
ECON 503 Microeconomic Analysis 3 0 3 8
EFIN 505 Corporate Finance 3 0 3 8
…. … Elective Course 3 0 3 8
Total 12 32
2nd Semester
Code Code Name Theory Practice Credit AKTS
ECON 506 Macroeconomic Theory 3 0 3 8
EFIN 506 Financial Econometrics 3 0 3 8
EFIN 500 Seminar 3 0 0 3
…. … Elective Course 3 0 3 8
…. … Elective Course 3 0 3 8
Total 12 35
3rd Semester
Code Code Name Theory Practice Credit AKTS
EFIN 599 Master Dissertation 3 0 0 30
Total 0 30
4th Semester
Code Code Name Theory Practice Credit AKTS
EFIN 599 Master Dissertation 3 0 0 30
Total 0 30
Grand Total 24 127
COMPULSORY COURSES
Fall Term
Code Code Name Theory Practice Credit AKTS
EFIN 501 Research Methods 3 0 3 8
ECON 503 Microeconomic Analysis 3 0 3 8
EFIN 505 Corporate Finance 3 0 3 8
Spring Term
ECON 506 Macroeconomic Theory 3 0 3 8
EFIN 506 Financial Econometrics 3 0 3 8
EFIN 500 Seminar 3 0 0 3
ELECTIVE COURSES
Code Code Name Theory Practice Credit AKTS
EFIN 510 Capital Markets and Institutions 3 0 3 8
EFIN 511 Financial Statements Analyses 3 0 3 8
EFIN 512 Globalization and  International Financial Markets 3 0 3 8
EFIN 513 Derivative Markets 3 0 3 8
EFIN 514 Risk Management in Financial Institutions 3 0 3 8
EFIN 515 Alternative Finance Channels 3 0 3 8
EFIN 516 Market Microstructure and Trading 3 0 3 8
EFIN 517 Selected Topics in Financial Economics 3 0 3 8
MAN 506 Strategic Management 3 0 3 8
ECON 513 Monetary Economics 3 0 3 8
ECON 512 Game Theory 3 0 3 8
ECON 523 Islamic Economics and Finance 3 0 3 8

Course Content

EFIN 501 Bilimsel Araştırma Teknikleri ve Yayın Etiği   

Bu dersin amacı, öğrencilerin bilimsel araştırma yöntemleri ve teknikleri hakkında bilgi sahibi olmalarını sağlamaktır. Ders kapsamında; araştırma süreci ele alınmakta ve bu süreçte öğrencilerin bir araştırma konusunu nasıl formüle edecekleri, problemi nasıl tanımlayıp, nasıl bir araştırma yapmaları gerektiği, veri toplama yöntemlerinin değerlendirilmesi, örnekleme yapılması, farklı veri analiz yöntemleri, toplanan verinin nasıl doğru anlanıp okunacağı ve bir araştırma projesinin nasıl hazırlanacağı ele alınmaktadır. Ayrıca, araştırma sonucunda ortaya çıkan çalışmanın yazım aşamasında izlenmesi gereken usul, atıfların ne şekilde yapılması gerektiği yayın etiği çerçevesinde anlatılmaktadır. Bu çerçevede; grup çalışması, mülakat, içerik analizi gibi kalitatif araştırma yöntemlerinin yanısıra anket çalışması, temel regresyon ve zaman serisi analizi gibi kantitatif araştırma yöntemlerine değinilmektedir

ECON 503 Mikroekonomik Analiz
Bu dersin amacı öğrencilerin mikroekonominin temel kavram, teori ve uygulamaları ile ilgili konulara hakim olmasını ve bu bilgileri pratik sorunlara uygulayabilme becerisini kazanmasını sağlamaktır. Bu amaç doğrultusunda derste öncelikle bireysel karar verme başlığı altında tüketici teorisi, talep teorisi, üretim teorisi ve belirsizlik altında seçim konuları ele alınacaktır. Oyun teorisi ile devam edecek olan ders serbest piyasa yapısının, kamusal malların ve ekonomik dışsallıkların analizi ile sona erecektir.

ECON 506 Makroekonomik Teori

İlk dönemdeki dersin devamı olan bu derste bir miktar daha detaya inilerek açık bir ekonomide para ve döviz piyasalarının işleyişi, enflasyonu ile mücadele yöntemleri gibi konular anlatılacaktır. Yine bu çerçevede, Marshall-Lerner koşulu, Keynesyen Teori, açık ve kapalı ekonomilerde para ve sermaye piyasalarının işleyişi, makroekonomik modeller ve bu modellerde rasyonel beklentiler, politikaların etkinliği ve makroekonomik modellemenin dinamikleri gibi konular ele alınacaktır.

EFIN 505 Kurumsal Finansman 

Bu ders kapsamında, şirketlerin yatırım yapacakları projeleri nasıl belirledikleri ve nasıl kaynak buldukları, pay piyasası,  borçlanma araçları piyasası ve diğer piyasaların hangi mekanizmalar üzerinden reel ekonomiyi etkilediği, kurumsal yatırım stratejilerinin nasıl belirlendiği analiz edilmekte, şirketlerin sermaye yapısını ve temettü politikasını belirlerken hangi faktörleri değerlendirdikleri incelemekte, şirket içinde ortaya çıkan çıkar çatışmalarının finansal kararları nasıl etkilediği ele alınmaktadır. Ders kapsamında incelenen diğer konular varlık fiyatlaması, belirsizlik altında sermaye bütçelemesi, piyasa etkinliği ve kurumsal yönetimdir.

EFIN 506 Finansal Ekonometri 

Bu ders, finansal ve ekonomik değişkenler arasındaki ilişkilerin araştırılmasında yardımcı olan ampirik analiz tekniklerini içermektedir. Ders kapsamında çok-değişkenli regresyon, maksimum ihtimal, moment tahmin yöntemleri, hipotez testi, ihmal edilen değişkenler ve modelin yanlış tanımlanması, asimtotik teori, ölçüm hatası, enstrümantal değişkenler, zaman serisi modelleri, varlık getirilerinin tahmini, olay analizleri, Sermaye Varlıkları Fiyatlama Modeli’ne ilişkin ekonometrik testler, çok-faktörlü modeller, değişkenlik modellemesi, genel momentler modeli gibi konular ele alınmaktadır.

EFIN 510 Sermaye Piyasaları ve Kuruluşları 

Bu dersin amacı, katılımcıların sermaye piyasalarına ve sermaye piyasalarında faaliyet gösteren kurumlara ve bunların çalışma esaslarına ilişkin bilgi sahibi olarak bu alanda araştırma ve analiz yapabilme yetkinliği kazanmalarını sağlamaktır. Bu çerçevede, dünyada ve Türkiye’de borsacılık faaliyetleri, işlem gören farklı sermaye piyasası araçları, sermaye piyasalarında işlem yapma, fiyat oluşumu, endeks oluşturma ve analizi, sermaye piyasalarının düzenlenmesi gibi konular işlenmektedir. Ayrıca gerek küresel gerekse yerel farklı kurumların sermaye piyasaları içerisinde üstlendikleri roller ve sermaye piyasalarının ülke ekonomisindeki yeri ele alınmaktadır.

EFIN 511 Finansal Tablo Analizi     

Bu ders, finansal tabloların nasıl okunması ve kullanılması gerektiğini, finansal analiz tekniklerini, finansal tablolarda verilen muhasebe bilgilerinin kısıtlarını ve bu bilgilerden çıkarılabilecek sonuçları, finansal tabloların sonuçlarının şirket değerlemesine olan etkilerini, finansal tablo dipnotlarının önemini, finansal tablolar kullanılarak nasıl projeksiyon yapılacağını ve bunun iş yapış şekline etkisini ve borsada işlem gören şirketler için mali analizin hangi parametrelere bakılarak yapılacağını ele almaktadır.

EFIN 512 Uluslararası Finans Piyasaları ve Küreselleşme 

Bu dersin amacı, katılımcıların küreselleşme süreci içerisinde birbiri ile daha ilintili hale gelmiş olan uluslararası finansal piyasalara ilişkin ana konular hakkında bilgi edinmesini sağlamak ve modern finans teorisinin çerçevesi içinde onlara finansal kurumların davranış biçimlerini ve küresel piyasaların işleyişini anlama ve yorumlama becerisi kazandırmaktır. Dersin içeriği, küresel borsalarda işlem gören pay piyasası araçları, borçlanma araçları, döviz piyasalarının işleyişi, uluslararası para ve sermaye piyasalarından sermaye temini, uluslararası proje finansman yöntemleri, finansal piyasaların mikroyapısı gibi konuları içermektedir. Ders işlenirken, globalleşmenin uluslararası piyasaları, varlıkların dağılımını ve reel ekonomiyi nasıl etkilediği gibi konular da ampirik örneklerle ele alınacaktır. Ayrıca finansal piyasaların düzenlenmesi alanında rol alan uluslararası kuruluşlara ve platformlara değinilecektir.

EFIN 513 Türev Piyasalar 

Bu ders, finansal türev araçların analizine ve fiyatlamasına etki eden kavramları ve modelleri ele almaktadır. Dersin amacı, katılımcılara türev piyasaların işleyişini anlamaya ve türev araçların hangi durumlarda kullanılabileceğine ilişkin yetkinlik kazandırmaktır.  Bu çerçevede dünya piyasalarında en çok işlem gören türev araçlar ele alınacaktır. Dersin içeriği forward, vadeli işlem (futures) ve opsiyon sözleşmelerini, bu sözleşmelerle geliştirilebilecek farklı stratejileri, Black & Scholes Modeli, Binom Modeli, arbitraj fiyatlaması, greeks farklı parametrelerin fiyatlamaya olan etkisi ve finansal riskten korunma yöntemleri, Amerikan opsiyonları, exotik opsiyonlar, yapılandırılmış ürünler, tarihsel volatilite ve zimni volatilite gibi konuları kapsamaktadır.

EFIN 514 Finans Kuruluşlarında Risk Yönetimi                

Bu ders, finansal kurumların ve işletmelerin riskleri nasıl değerlendirdiklerini, kontrol ettiklerini ve transfer ettiklerini incelemektedir. Dersin amacı, iş hayatında karşılaşabilecekleri riskler karşısında kaılımcılara kullanabilecekleri araçlar sunmak ve aktif olarak risk yönetim tekniklerini kullanabilmelerini sağlamaktır. Bu çerçevede dersin içeriği, risklerin tanımlanması ve tespiti, potansiyel maliyetlerinin ortaya konması, finansal kayba neden olan risklerin nedenlerinin analiz edilmesi, riskle başa çıkmak için farklı stratejiler geliştirilmesi ve bu stratejilerin şirketlerin hedefleri ve amaçları ile uyumlu olması, seçilen risk yönetim stratejilerinin uygulanması, yönetimi ve sonuçlarının takibi gibi konuları içermektedir.

EFIN 515 Alternatif Finans Kanalları 

Bu ders, küresel finansal arenada son dönemde ortaya çıkmış ve bankacılık ve temel sermaye piyasası araçları dışında kalan alternatif finansman sistemlerini içeren konuları ele almaktadır. Bu çerçevede mikrofinansman, melek yatırımcılar, girişim sermayesi, özel sermaye şirketleri, kitle finansmanı ve İslamî finans enstrümanı olan mudaraba/muşaraka finansmanı gibi müteşebbislerin finansmanında kullanılabilecek yöntemler örneklerle işlenecektir.  Alternatif finansmanın yeni bir örneği olarak Borsa İstanbul bünyesinde devreye alınan Özel Pazar örneği de derste değinilecek konular arasındadır.

EFIN 516 Piyasa Mikroyapısı ve Piyasa İşlemleri  

Bu dersin amacı, katılımcıların finansal piyasalarda işlemlerin teorik ve pratik perspektiften nasıl gerçekleştiğini anlamalarını ve bu bilgileri kullanarak piyasalara ilişkin analiz yapabilme yeteneği kazanmalarını sağlamaktır. Ders ayrıca piyasalarda işlem yapanların, aracıların ve diğer finansal piyasa katılımcılarının işlem yapma saikleri ve stratejilerini inceleme kabiliyetini kazanma imkanı da sunmaktadır. Ders içeriği; işlem yapma modelleri ve işlem stratejileri, finansal verinin ampirik analizi, ampirik piyasa mikroyapısı, piyasa volatilitesi, algoritmik işlemler, hızlı işlemler, arbitraj işlemleri gibi konuları kapsamaktadır.

EFIN 517 Finansal Ekonomide Seçilmiş Konular 

Bu dersin amacı, katılımcıların finansal ekonomi ile ilgili seçilmiş konularda güncel uygulamalara dayalı bilgi ve yetkinliklerinin geliştirilmesidir.

EFIN 599 Yüksek Lisans Tezi  

Finansal Ekonomi Yüksek Lisans Programı, öğrencinin programda öğretilenlerle ilgili uygun bir araştırma konusunda bir danışman rehberliğinde hazırlayacağı proje ile sonlanacaktır.

ECON 512 Oyun Teorisi 

İktisat teorisi uygulamalarında sıklıkla kullanılan oyun teorisini esas alan bu derste, katılımcılara farklı varsayımlar altında gerçekleşen oyunlara ve bunlara ilişkin denge koşulları ile ilgili temel bilgiler verilecektir. Bu çerçevede katılımcılar arasında işbirliğinin olmadığı normal ve ardışık oyunlar, katılımcıların rakipleri ve oyunun koşulları ile ilgili tam ve mükemmel bilgi sahibi olup olmamaları esas alınarak anlatılacaktır. Bu oyunların ekonomi teorisinde ve uygulamalarında ne şekilde kullanıldığına örnekler aracılığıyla değinilecektir. Ayrıca derste deneysel oyun teorisi ve Markov-mükemmel dengesi gibi ileri konular da tartışılacaktır.

ECON 513 Parasal İktisat  

Parasal iktisada ilişkin bu derste öncelikli olarak paranın bir ekonomideki temel işlevleri ile para talebini etkileyen faktörler ele alınacaktır. Sonrasında ise para arzı, para politikasının temel bileşenleri, Merkez Bankalarının bir ekonomideki rolleri, politika ve piyasa faiz oranlarının belirlenme süreçleri gibi konulara değinilecektir. Para politikasının reel ekonomiye etkisinin açıklamakta kullanılan parasal aktarım mekanizmalarına ilişkin farklı kavram ve modeller açıklanacak, optimal kurumsal ve operasyonel para politikasının nasıl belirlenebileceği sorunsalı ele alınacaktır. Yine bu minvalde finansal piyasalarda oluşabilecek kimi aksaklıklar ile makro-finansal bağlantılar üzerinde bilgi verilecektir.

ECON 523 İslam Ekonomisi ve Finansı  

Bu ders, İslami ekonomik ve finansal sistemi anlayabilmek için bir giriş mahiyetindedir.  Dersin temel amacı, temel kavramları kullanarak İslam Ekonomisi ve Finansı’ndaki başlıca teorileri ve uygulamaları öğretmektir. İslam’daki ekonomi paradigmasını anlayabilmek için İslam Ekonomisi ve Finansı’nın kökenlerinden ve tarihsel arka planından başlayan bu ders, daha sonra İslami kural sistemini ve finansal enstrümanları incelemektedir. Dersin ana bölümünde ise İslami sermaye piyasaları ve bankacılık sektörü üzerinde durulmaktadır. Bu ders ayrıca, Türkiye tecrübesi üzerinde de durmakta ve İslam Ekonomi ve Finansı’nın Türkiye ekonomisi ve finansal sistemi içerisinde nasıl bir yer edindiğini göstermektedir.

MAN 506 Stratejik Yönetim 

Stratejik Yönetim dersi, bütünleştirici bir ders olarak katılımcılara tepe yönetimin karşılaşacağı karmaşık problemleri doğru bir şekilde tanımlayabilmelerine ve çözüm üretebilmelerine yönelik bilgi ve becerileri kazandırmayı amaçlar. Derste, iş yaşamına ait gerçek örnek olay analizleri üzerinde durularak katılımcıların bugüne kadar diğer derslerden elde ettikleri tüm fonksiyonel yeteneklerini bir araya getirebilmeleri ve gerçek iş yaşamına ait örgütsel sorunlara çözümler üretebilmeleri hedeflenmektedir. Dersin sonunda öğrenciler şu kazanımları edinecektir: (i) stratejik yönetim sürecinin temel ögelerini açıklayabilecek. (ii) sektörün potansiyelini ölçebilmek için sektörün yapısını ve buna etki eden çevresel faktörleri analiz edebilecek. (iii) rekabet avantajı yaratabilmek için firma kaynaklarının nasıl değerlendirileceği; (iv) firmaların farklı iş alanlarında nasıl değer yaratabileceği ve (v) internet çağında yeni iş modelleri ve stratejileri hakkında bilgi sahibi olacaktır

Language of Instruction

The program is taught mainly 70% in Turkish, and partially 30% in English. Proficiency in the Arabic language is also required.

Program's Duration

2 Years.

Minimum Application Requirements

  • GPA 2.50/4.00 or 65/100
  • YDS/EYDS/YÖKDİL 55/100 or TOEFL 66/120 or Ibn Haldun English Test 48/70
  • TÖMER C1 level or Ibn Haldun Turkish Test C1 level

Special Requirements

Being a graduate of Bachelor degree in LAW.

Course Plan

1st Semester
Code Course Name Theory Practice Credit ECTS
BIS 501 Scientific Research Techniques and Publication Ethics 3 0 3 8
BIS 503 Formation of Islamic Sciences 3 0 3 8
BIS … Elective 3 0 3 8
BIS … Elective 3 0 3 8
Total 12 32
2nd Semester
Code Course Name Theory Practice Credit ECTS
BIS 502 Usul Al-Fiqh 3 0 3 8
BIS 500 Seminar 3 0 0 8
BIS … Elective 3 0 3 8
BIS … Elective 3 0 3 8
Total 9 32
3rd Semester
Code Course Name Theory Practice Credit ECTS
BIS 599 Dissertation 3 0 0 30
Total 0 30
4th Semester
Code Course Name Theory Practice Credit ECTS
BIS 599 Dissertation 3 0 0 30
Total 0 30
Grand Total 21 124
Compulsory Courses
Fall Term
Code Course Name Theory Practice Credit ECTS
BIS 501 Scientific Research Techniques and Publication Ethics 3 0 3 8
BIS 503 Formation of Islamic Sciences 3 0 3 8
Spring Term
BIS 502 Usul Al-Fiqh 3 0 3 8
BIS 500 Seminar 3 0 0 8
Elective Courses
Fall Term
Code Course Name Theory Practice Credit ECTS
BIS 531 Qur’anic Sciences 3 0 3 8
BIS 533 Classical Texts of Qur’anic Exegesis (Tafsir) 3 0 3 8
BIS 541 Hadith Literature 3 0 3 8
BIS 543 Sirah of the Prophet Muhammad 3 0 3 8
BIS 551 Islamic Law of Personal Status 3 0 3 8
BIS 553 Classical Texts of Islamic Law 3 0 3 8
BIS 561 Classical Logic 3 0 3 8
BIS 563 Classical Texts of Islamic Theology (Kalam) 3 0 3 8
BIS 571 History of Sufi Institutions 3 0 3 8
BIS 573 Classical Texts of Tasawwuf 3 0 3 8
Spring Term
BIS 530 Major Themes of the Qur’an 3 0 3 8
BIS 532 Contemporary Problems of Tafsir 3 0 3 8
BIS 540 Literature of Hadith Methodology (Usul al-Hadith) 3 0 3 8
BIS 542 Hadith Criticism 3 0 3 8
BIS 550 Islamic Law of Property and Obligations 3 0 3 8
BIS 552 History of Islamic Legal Schools 3 0 3 8
BIS 562 Modern Texts of Islamic Theology (Kalam) 3 0 3 8
BIS 560 Schools of Islamic Theology (Kalam) 3 0 3 8
BIS 570 Terminology of Tasawwuf 3 0 3 8
BIS 572 Ottoman Sufi Thought 3 0 3 8

Course Content

Compulsory Courses

BIS 501 Scientific Research Techniques and Publication Ethics

The objective of this course is to explain the principles of thesis preparation, interpretation and writing techniques, preparation of research report, bibliography forming techniques, the scientific article writing principles, data collection methods and analysis techniques which is necessary for scientific research. In addition to this, it takes the ethical rules that must be followed in scientific publications, citation procedures, plagiarism and other issues should be avoided. Further, students gain an understanding of the importance of research in the development of communication strategies.

BIS 503 Formation of Islamic Sciences

This course deals with the early development of Islamic Sciences . In the formative period of these sciences, they were intertwined. They shared a common history in the first century. Towards the middle of the second century, a process of separation began to run. The classic nature of Islamic sciences cannot be understood well without this historical background.

BIS 502 Usul al-Fiqh

The course deals with the general sources and methods of Islamic law such as Qur’an, Sunnah, Ijma, Qiyas, Istihsan, Masalih al-mursala, Sad al-zarai’, Orf, Istishab. Classification of legal provisions, the derivation methods of provisions from the revealed texts, general goals of sharia, the problems of intertextuality, the conditions of legal reasoning are delt with as well.

BIS 500 Seminar

This course provides a forum for students to discuss and generate ideas on issues related to a variety of applied social research. Students conduct an in-depth study of a research topic of their choice, discuss issues with experts in the field of research, work in discussion groups, debate and solve problems on selected issues. In the research seminar, the students are given an opportunity to integrate their knowledge, skills and practical experience gained in the program.

BIS 599 Dissertation

The program culminates in an individual piece of research in which learning on the program is applied to an appropriate topic of interest/specialization, under the guidance of a supervisor.

Elective Courses

BIS 531 Qur’anic Sciences

This course deals with the main issues concerning Quranic Sciences such as Asbab al-nuzûl (occasions of revelation), Nâsikh-Mansukh, Muhkem-Muteshabih; Hurûf al-Muqattaa, Fawatih al-suwar, Gharib al-Qur’an, Ijaz al-Qur’an, Aqsam al-Qur’an, Qasas al-Qur’an, Takrar al-Qur’an, Amsâl al-Qur’an, Haqiqa and Majaz, Mushkil al-Qur’an, Mujmal and Mubayyan, al-Wujuh wal-nazâir, Mubhamât al-Qur’an, Khalq al-Qur’an.

BIS 533 Classical Texts of Qur’anic Exegesis (Tafsir)

The purpose of this course is to analyze different types of classic Tafsir literature. The texts are chosen from both the exegeses of riwaya such as Tabari, Beghawi, Ibn Kasîr, and the exegeses of diraya such as the works of Maturidi, Fakh al-din al-Razi, Ebu Suud.

BIS 541 Hadith Literature

This course identifies the various genres of Hadisth literature. The significance of canonic works of hadith, their classification and hierarchy will be emphasized.

BIS 543 Sirah of the Prophetic Muhammad

The whole life of the Prophet Muhammad (peace be upon him) is closely studied. Since this period constitutes the nucleus of Islamic sciences, the phases such as pre-Islamic era, the beginning of revelation, the challenges during the birth, rise and spread of Islam in Maccan and Madinan periods are closely examined.

BIS 551 Islamic Law of Personal Status

General concepts and notions concerning the personal status such as birth, death, legal capacity, marriage, divorce, person’s lineage are studied with comparison to law of the land.

BIS 553 Classical Texts of Islamic Law

Classic literature of Islamic law is defined, and some parts of different works of various legal schools are selected and analyzed in order to equip the students with necessary skills to carry out academic research within the primary sources of Islamic law. Thus they could benefit from these sources while preparing their dissertations.

BIS 561 Classical Logic

This course focuses on logical structure of knowledge to create a methodological basis for the science of Kalam. In this regard the treatise of Isagoji is selected. All concepts of classical logic are studied through this text.

BIS 563 Classical Texts of Islamic Theology (Kalam)

Selected texts from some works of aqida such as Abu Hanifa’s al-Fiqh al-Akbar, Tahawi’s al-Aaida al-Tahawiyya, Semerqandi’s al-Sawad al-A’zam, Nasafi’s al-Aqide, Ushi’s Amali and from some classical works of systematic kalam such as Ash’ari’s al-Ibana, Maturidi’s Kitab al-Tawhid, Juwayni’s al-Irshad, Pazdawi’s Usul al-Din and Nasafi’s Tabsira al-Adilla will be studied.

BIS 571 History of Sufi Institutions

This course aims to help the students to grasp the historical framework of tasawwuf and its place within the general scheme of Islamic sciences. It deals with the history of tasawwuf since its formation as a science, its historical turning points, formation of Sufi orders and their development.

BIS 573 Classical Texts of Tasawwuf

The course aims to help the students to get acquaintance with literature of tasawwuf in general, its language, and the map of its concepts through examining the primary works, authorities, its terminology, and figurative language. In this regard, classical texts of the field are selected, examined, and discussed with a linguistic analysis of this literature.

BIS 530 Major Themes of the Qur’an

In this course, the major themes of Qur’an such as divinity, universe, human beings and their relationship with each other, revelation and holy books, prophecy and prophets, freedom of human agent and his responsibility, worship and systematic worship, social order, morals and life in hereafter will be examined and discussed.

BIS 532 Contemporary Problems of Tafsir

It examines the modern approaches and contemporary debates over interpretation of Qur’an and the source of controversy regarding the modern exegesis of Qur’an. In this regard, recently discussed topics such as historical elements of Qur’an, abrogation, mystical interpretation, the creation of woman are chosen as example issues to reassess the contemporary ideas.

BIS 540 Literature of Hadith Methodology

Hadith is probably the most difficult field of Islamic sciences. So it has a sophisticated history and literature. Since it constitutes the second source of religious knowledge, the sound reports should be determined from the weak ones. There are a huge bulk of reports going back either to the Prophet, Companions, or Successors. Indeed, they all differ in epistemological value. In this regard, there developed many sub-sciences relating to Hadith. Hadith methodology known as Usul al-hadith searches and improves the ways of using these reports in consistency. Literature of hadith methodology, which deals with the afore-mentioned aspects of the hadith texts are scrutinized in this course in order to acquire an awareness about the problematique of contradictory reports.

BIS 542 Hadith Criticism

The problems rising in the process of verbatim transmission, collection and compilation of the prophetic reports are examined to ensure their authenticity. The structure of any prophetic report consists of two parts: the first is sanad, i.e. chain of transmission, the second is matn, i.e. the main text of the report. Both parts of the report are examined by the science of Hadith criticism to determine its authenticity, thus sound reports become evident. Even the reports already enjoying the criteria of soundness are subjected to further examination if they pose any contradiction against either Qur’an, the corpus of prophetic reports or human reason. The scholars of the field developed many methods for this respect. In such cases, they look for a way of conciliation on a basis of reasonable intertextuality. If there is no way to fix the contradiction, such inconsistent reports are not considered in a valid interpretation, so they serve no longer as a point of reference for deriving afresh provision, awaiting apart from the whole body of authentic texts. Nevertheless, the traditional methods of criticism developed by Hadith scholars face recently some challenges. Some modern academicians in the West regard the prophetic reports as fabricated, due to lacking any recorded evidence vis-a-vis oral transmission in the first century of Islam. All these issues are covered by this course.

BIS 550 Islamic Law of Property and Obligations

The whole body of Islamic law is divided into three parts according to the taxonomy of Hanafi school such as ibâdâtmûâmalât and ‘uqûbât. Muâmalât is also divided into two parts as mâliyya and ghayr mâliyya. Civil transactions regarding economic rights constitutes the subject of the muâmalât mâliyya. This part of fiqh corresponds to law of property and law of obligations. So the concept of property with its various aspects is first analyzed, later on, the circulation of property rights among persons through contracts and other sources of obligations is examined. Meanwhile, a comparison between Islamic law and European Continental Law will be drawn, in spite of their different structure.

BIS 552 History of Islamic Legal Schools

Islamic law, soon after its formation, develops within the rubrics of legal schools. Since Muslim individuals and societies were ruled throughout history by certain legal schools, they deserve to be subjected to a close inquiry. In the second century of Islam, there developed two styles of interpretation among early Muslim scholars. The first circle focuses on the letter of revealed texts, while the other put emphasis on the spirit of the text. Those scholars who occasionally opined legal provisions basing on human reason have been called as Ashab al-ra’y or Ahl al-ra’y led by Abu Hanifa, while the other party has been called as Ashab al-hadith or Ahl al-hadith, led by Malik, Sufyan al-Sawri, Sufyan b. Uyayna, Ahmad b. Hanbal. There emerged, and developed soon a third way merging and synthesizing the tenets of both sides on the hand of al-Shafii. Four schools of Sunni Islam managed to survive up to now. Each of them has a very rich history and a huge literature. Without studying this history and literature, it is impossible to conceive the Islamic law. Maliki school of law was applied for more than six centuries in Andalus and Northern Africa, Hanafi school of law was applied in Ottoman Empire for more than five centuries, Shafii school of law was dominantly applied during Seljuqs, Ayyubids, and Mamluks. Even in the modern times, under secular rules, Muslim individuals still regulates their lives according to one of these schools. So political and social history of Muslim states and peoples cannot be thoroughly understood without a sound knowledge of legal schools. This course is arranged to meet this need.

BIS 560 Modern Texts of Islamic Theology (Kalam)

In this course, it will be discussed through examining the texts regarding New Ilmu’l-Kalam discourse on one hand, while theological debates of modern times and some other issues such as change in the content and method, the thoughts of leading authors of the period are studied. History of Kalam and research in systematic theology will be studied and evaluated, as well.

BIS 562 Schools of Kalam

All schools of Kalam such as Harijiyya, Qadariyya, Mu’tazila, Jabriyya, Murjia, Musabbiha, Shia, Salafiyya, Ashariyya and Maturidiyya are introduced. Their structure and principles will be determined and explained. Historical periods of each school will be studied and evaluated.

BIS 570 Terminology of Tasawwuf

The main subject of this course is sufi terminology which has been put into circulation since the formation of this discipline. This terminology has been exposed to some semantic change, while some terms remained stable, some others have been modified in magnitude of emphasis to a certain extent. In this course, it will be attempted a kind of doctrinal reading of tasawwuf through basic terms and concepts.

BIS 572 Ottoman Sufi Thought

It is aimed to assess the course of tasawwuf in Ottoman society through examining selected texts and distinguished figures. Such an approach will help the students to conceive the major Sufi orders, circles, and main classical works which constitute the general structure of Ottoman sufi life. This course examines and opens to discussion the main turning points of Ottoman Sufism since pre-formative period of Ottoman state till its demise.

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