Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
TBİ-23-100AGRO-INDUSTRIAL ECONOMICS AND MANAGEMENTElective126
Level of Course Unit
Third Cycle
Objectives of the Course
Agricultural industries, definition, characteristics, classification, historical development, organizational structure, relations of the agricultural sector, importance to the manufacturing industry, socio-economic structure, global structure and its effect on exposure levels, location of establishments, concentration rations Capacity, employment, production and trade structures, domestic and external environment, relations with the financial market, local business trends, internal organization and innovation, management perspective, product costs, financing resources, investments, incentives and supports, basic problem areas and solutions will be gained.
Name of Lecturer(s)
DR. ÖĞR. ÜYESİ EMİİNE AŞKAN
Learning Outcomes
1To learn about the futures and options market.
2To learn about the working mechanism of the futures and options market.
3To learn the economic principles that form the basis of the futures and options market
4Gain the ability to interpret and predict price movements in futures markets by learning to use fundamental and technical analysis.
5Having knowledge and skills for the practical use of futures and options markets for agricultural producers and agro-industrial companies.
6Gaining the ability to monitor, analyze and interpret price fluctuations in a particular agricultural product, to gain the ability to better understand the factors that negatively affect agricultural product prices.
7To have sufficient knowledge required by the agricultural financial markets, as well as the public and private agricultural marketing organizations, for the employment of specialist personnel on the subject.
8Acquiring the ability to prepare analytical reports on agricultural products traded in futures and options exchanges through project presentation and report preparation activities.
Mode of Delivery
Daytime Class
Prerequisites and co-requisities
Recommended Optional Programme Components
Course Contents
1- To learn about the futures and options market. 2- To learn about the working mechanism of the futures and options market. 3- To learn the economic principles that form the basis of the futures and options market 4- Gain the ability to interpret and predict price movements in futures markets by learning to use fundamental and technical analysis. 5- Having knowledge and skills for the practical use of futures and options markets for agricultural producers and agro-industrial companies. 6- Gaining the ability to monitor, analyze and interpret price fluctuations in a particular agricultural product, to gain the ability to better understand the factors that negatively affect agricultural product prices. 7- To have sufficient knowledge required by the agricultural financial markets, as well as the public and private agricultural marketing organizations, for the employment of specialist personnel on the subject. 8- Acquiring the ability to prepare analytical reports on agricultural products traded in futures and options exchanges through project presentation and report preparation activities.
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Concept and historical development of futures and options markets
2Economic principles underlying the futures and options market
3Functioning mechanism of the futures market
4Functioning mechanism of the options market
5Hedging mechanism and price formation in futures based on agricultural products
6Price Analysis of Agricultural Products with the Basic Approach (I)
7Price Analysis of Agricultural Products with the Basic Approach (II)
8Midterm exam
9Price Analysis of Agricultural Products with Technical Analysis Approach (I)
10Price Analysis of Agricultural Products with Technical Analysis Approach (II)
11Price Determination Models in Options Markets (I)
12Price Determination Models in Options Markets (II)
13Approaches to Understanding Market Psychology
14Sample Applications for Price Analysis of Agricultural Products Traded in Futures and Options Exchanges in the World and Analysis of TurkDEX in Turkey
15Student Project Presentations
16Final exam
Recommended or Required Reading
Alpan, F. 1999. Örneklerle Futures Anlaşmalar ve Opsiyonlar, Literatür Yayınları, 26, ISBN 975-7860-92-1, İstanbul. Carter, C.A. 2003. Futures and Options Markets: An Introduction, Prentice-Hall, ISBN 0-13-598368-1, USA. Chicago Board of Trade. 2004.Agricultural Futures & Options: A Hedger’s Self-Study Guide, CBOT, USA. Edwards, F.R. ve Ma, C.W. 1992. Futures and Options , McGraw-Hill (E&M) German, H. 2005. Commodities and Commodity Derivatives: Modelling and Pricing for Agriculturals, Metals and Energy , Wiley, Chichester . Hull , J. C. 2013. Fundamentals of Futures and Options Markets (8th Edition), Prentice Hall International. Houthakker, H.S. ve Williamson, P.J. 1996. The Economics of Financial Markets , Oxford University Press (H&W). Kayacan, M., Bolat, M., Yılmaz, M.K., Başaran, M.Y. ve Ustaoğlu, Z.M. 1995. Sermaye Piyasası Araçlarına Dayalı Future ve Option Sözleşmelerinin Fiyatlaması, İstanbul Menkul Kıymetler Borsası, İstanbul. Purcell, W.D. ve Koontz, S.R.1999.Agricultural Futures and Options: Principles and Strategies, Prentice-Hall, Second Edition, ISBN 0-13-779943-8, USA.
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
Work Placement(s)
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
TOTAL WORKLOAD (hours)0
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
LO1545545
LO2555445
LO3555445
LO4554445
LO5544545
LO6545445
LO7545545
LO8545545
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
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