AD 470 Investment Management, 201920 Fall
Course Instructor: Attila Odabaşı, PhD. Phone: 359 6806, Office: IB403 Class hours: WWW 678; Classroom: IB312 Office Hours: T 14:0015:00 and Th 12:0013:00 or by appoinment, Teaching Assistant: TBACourse Description: The course aims to study the fundamental principles of financial investments and portfolio management. Most parts of the course are analytical and computer based applications are required. [Syllabus]
The textbook for the course is Essentials of Investments by Bodie, Kane, and Marcus, 9th Global Ed., McGrawHill Irwin, 2013. [BKM hereafter].
Prerequisites for the course are AD311 Business Finance and basic Statistics.
News, Announcements and Notes:
[DEc 2019] New Postings: Solutions to chend problems for Ch's 8, 10, 11, 13. Problem Sets and solutions 6, 7, and 8.
[Nov 5] Midterm will be given on Nov 13th in class. Please bring your calculator.
Schedule  The following table is subject to change.
Weeks 
Lecture 
Ref Ch [BKM] 
Handouts, Assignments, Due Dates 
Additional Material 
Sep 25 
Introduction, Asset Classes, Securities Markets 
ch 12 
Intro;
Financial assets; 
Investment Simualtion Game handout; Trading_Sheet 
Oct 02 
Financial Markets, Trading, Investment Companies 
ch 3, 4 
Investment Simulation  Join Class Game: September 26, 

Oct 09 
Estimation of returns and risk 
ch 5 
Investment Simulation Project Part 1 is due 
BIST_data 
Oct 16 
Estimation of returns and risk, Efficient Diversification 
ch 5 
Assign_1 (Due Oct 23)  
Oct 23 
Portfolio Diversification,  ch 6 
Portf_1,
Portf_2, Assignment_2 (due Nov 13) Data_Assgn_2 

Oct 30 
SIM,  ch 6 
SIM 
Ch_End Problems: Ch's 03, 04, 05, 06, 07 
Nov 06 
CAPM and Others  ch 7  CAPM 
Sample_mterm_1 Sample_mterm_2 
Nov 13 
Midterm week  
Nov 20 Withdrawal week 
Efficient Market Hypothesis; behavioral fin., technical analysis 
ch 8, 9  EMH  
Nov 27 
Biases in Rational Decision Making

ch 9  Ch_End Problems: Ch's: 08, 10, 11, 13 

Dec 04 
Bond Prices, Yields, Managing Bond Portfolios  ch 10, 11  Bonds; Int_Rate_Risk  ProbSet_6;
Soln_6 ProbSet_7; Soln_7 ProbSet_8; Soln_8 
Dec 11 
Equity Valuation  ch 1214  Equity_Val  
Dec 18  Hedging Portfolios using forwards  ch 17 
Stock trading ends on Dec 11.Final Portfolio Mfmt Debrief Paper is due. 
Sample_final_1 
FINAL 