CORE (FOUNDATION) COURSES : (3x3 Credits/Course = 9 Credits)

ADEX 505

Managerial Economics

ADEX 510

Financial Accounting

ADEX 520

Organizational Design and Behavior

AREA COURSES : (8x3 Credits/Course = 24 Credits)

ADEX 504

Research Methods in Business

ADEX 514

Strategic Financial Management

ADEX 517

Investments and Portfolio Theory

ADEX 528

Global Aspects of Management

ADEX 540

Marketing Strategy

ADEX 550

Operations Management

ADEX 570

Business Finance

ADEX 574

Management Information Systems

INTEGRATIVE POLICY SEMINARS : (2x3 Credits/Course = 6 Credits)

ADEX 508

Economic Policy Seminar

ADEX 509

Strategic Management Seminar

ELECTIVE COURSES : (Three Courses 3x2 Credits/Course = 6 Credits)

ADEX 503

Economic Crisis, Companies and Re-Structuring

ADEX 506

Business Ethics

ADEX 511

Managerial Accounting

ADEX 512

Managing Financial Institutions

ADEX 516

Risk Management and Derivatives

ADEX 518

Investment Banking

ADEX 519

International Finance

ADEX 524

Human Resources Management

ADEX 527

Knowledge Based Management and Organizations

ADEX 535

Law I

ADEX 536

Law II

ADEX 541

Global Marketing Management

ADEX 543

Marketing on the Internet and Direct Marketing

ADEX 546

Advertising Management and Creativity

ADEX 547

Services Marketing

ADEX 556

Supply Chain Management

ADEX 571

Financial Institutions and Markets

ADEX 572

Empirical Finance

ADEX 573

Financial Reporting

ADEX 575

E-Commerce and E-Business Management

ADEX 576

Financial Issues in Entrepreneurship: Implications of Strategic Choices

ADEX 580

Current Topics in Management

ADEX 584

Special Topics in Marketing

ADEX 595

Special Topics in Finance

NON-CREDIT AREA COURSES

ADEX 590

Directed Readings in Operations Management

ADEX 591

Directed Readings in Management and Organizations

ADEX 592

Directed Readings in Marketing

ADEX 593

Directed Readings in Finance and Accounting

ADEX 594

Directed Readings in International Business

PROJECT COURSES

ADEX 589

Special Topics on Research Projects

ADEX 597

Term Project I

ADEX 599

Term Project II

Economic crisis and economic development; the role of short term capital movements; the impact of crisis on financial structure and operating results of firms; corporate and financial restructuring plan preparation; designing appropriate strategies; applications on ISE companies.

Developing an understanding of the research design process; investigating the alternative and complementary methods in constructing effective research projects; providing the participants with the necessary background, skills and experiential knowledge in designing, applying, interpreting and presenting research studies.

Application of economic concepts, tools and models within the framework of the strategic evaluations of a firm; evaluating threats and opportunities imposed by the domestic and international environment as well as the strengths and weaknesses of the company compared to its competitors; economic policies in Turkey and specific economic measures relating to the companies in an industry; evaluating companies' strengths and weaknesses in the areas of product and process technologies, costs, product image, price, human resources, research and development and profitability; strategic evaluation of all critical success factors for a specific company.

Familiarizing the participants with theories, concepts and values underlying business ethics and ethical behavior in organizations, legal, moral, ethical issues and dilemmas in both private and public sectors; analyzing current business and social issues such as privacy, discrimination, social responsibility, environmental problems, bribery, business ethics on the web.

Enabling business decision makers, managers, staff and consultants to understand the status of current economic policy making in the short and the long run; providing non-economists with the knowledge of the basic structure of the economy and its important institutions; understanding the functioning of the Turkish economy, while enabling them to make basic short-term forecasts, and to read and fully understand the content and implications of official documents such as stand-by agreements, government annual programs and country-risk assessment reports.

Changing concepts of strategic management in a global economy; strategic competitiveness and sustainable competitive advantage; thorough analysis of strategic management processes; relevant and accurate inputs from internal and external environments; effective and efficient strategy formulation and implementation; feedback about a firm's strategic actions from various sources; firms' continuous adjustment to changing market conditions; achieving competitive success and earning maximum profits in different market conditions.

Introducing the basic concepts and principles of accounting, preparing the financial statements such as income statement and the balance sheet; detailed analysis of basic accounts in the Turkish context; nature of cost accounting, cost concepts, cost accumulation systems; understanding the break-even and cost-volume-profit analysis.

Decision making implications of information provided by accounting theory; contemporary problems in reporting of financial statements; presentation format of financial statements as required by the Ministry of Finance in Turkey, analysis and interpretation of items appearing on the financial statements; method of financial statement analysis; assigning a project for the analysis of the financial statemens of a real Turkish Company.

Bank Performance Evaluation; strategies to evaluate and manage net interest margin, non-interest income and non-interest expense; measuring interest-rate risk. modified duration analysis; introduction to financial engineering; Value-at-Risk (VaR), stress tests and risk-based capital requirements.

Financial strategy formulation and the impact of financial strategies on corporate performance; development of investment and financing strategies and the assessment of the value creation process in corporations; case discussions based on the Turkish business environment.

Understanding risk, return, liquidity; the concepts of volatility, price risk, credit risk, country risk, liquidity risk; forwards, futures, options, swaps; hedging with derivatives; measuring, managing and controlling risk; management of balance sheet risk.

Asset valuation, risk measurement and control; equity markets, fixed-income markets and derivative markets; investments: background and issues; portfolio theory; risk and return, risk aversion, optimal risky portfolios, capital asset pricing model; fixed income fundamentals: principles of bond valuation, duration and reinvestment concepts; option markets: option valuation, futures markets.

Market making process; mergers and acquisitions; venture capital; new-issues process; initial public offering, seasoned offering, underwriting, firm valuation; special emphasis on the Turkish experience.

The history and the institutional setting of the international financial system and the European monetary system; discussing the technical aspects of the institutional setting with special emphasis on euro-currency capital markets; understanding the spot, forward, future, option and swap markets; analyzing economic factors impacting foreign exchange markets; introducing such basic concepts as purchasing power parity, the real exchange rate, interest rate parity and discussing Central Bank foreign exchange operations and the balance of payments issues.

Fundamental concepts and techniques of formal and informal organizational structures and superior-subordinate-group interrelationships within organizations; analysis of structure, including types of authority, delegation, centralization-decentralization, coordinative structures as well as planning and control functions in organizations; analysis of behavior, including motivations, morale, leadership styles, role conflict, negotiation and teamwork; evolution of structural and behavioral modes vis-à-vis environmental constraints that shaped the scientific management school, functional and human relations schools, contingency systems and post-modern theories.

Principles of labor relations and personnel management including human resources and career planning, employee selection, orientation, training and development; compensation management, performance appraisal, incentives; job analysis and design; labor unions in Turkey.

Introducing the emerging world of knowledge workers and knowledge based firms as the critical competitive differentiators; developing the concepts of knowledge intensive work and firms, professions, management of professional work; exploring discussions on knowledge assets and their value to organizations in terms of products, services, processes and markets; focus on knowledge based organizations, learning organizations, virtual organizations and their implications in the organization of work, innovation and creativity in knowledge management.

Providing a broad understanding of management from a globalization perspective; using an issues-oriented approach and introducing the tools and frameworks needed to analyze the global business environment; exploring key opportunities and challenges facing a firm; examining strategic issues facing managers; discussing fast growing emerging markets, deregulation, global competition and management; with special focus on strategic alliances, network organizations, knowledge based management, management of human resources, ethics in global organizations and environments.

Introduction to general concepts of Turkish Law; contracts, formation subject matter, validity conditions, performance and breach of contracts; torts, improper acquisition of wealth, special types of contracts; general principles of Turkish Commercial Law; commercial enterprise, commercial transaction, merchant, commercial firm-name and commercial books; partnerships, general partnership; corporations, incorporation of stock corporations, capital increase, organization, shares and shareholders; companies with limited liability; agreements for franchising, factoring, leasing and licensing; case studies with respect to the foregoing.

Introduction to unfair competition and antitrust; Turkish laws related to the preservation of competition (vertical and horizontal restraints, price-fixing, etc.); intellectual property law (patents, industrial designs, geographical indicia, trademarks, copyright); legal entities and the liability of their corporate bodies; commercial paper (draft, promissory note, cheque and endorsement); perspective on human resources laws, individual labor law (employment contract, work conditions, termination of employment contract, notice pay and severance pay); collective labor law (formation and application of collective bargaining agreements), case studies; introduction to capital markets law.

The role of marketing in an organization's effectiveness; strategic decisions and analysis at the corporate, market and business unit levels that are necessary in matching company resources with market opportunity; the marketing mix decisions in terms of product offering, pricing, promotion programs and distribution channels; analysis of the marketing environment, consumer behavior, marketing organization and control, as well as specific marketing tools such as targeting, forecasting and research; ethical issues and international considerations in current marketing.

Global marketing strategies within the framework of international competition's dimensions; appropriate responses to parameters which differ from those in domestic marketing and to the new threats and opportunities in the global marketplace; investigation of cultural, economic and political differences with the objective of creating a sensitivity toward market assessment and market entry strategies, as well as the trade-off between standardization and local adaptation.

Examining the impact of the information technology revolution on the practices and transactions of business organizations; familiarizing the participants with emerging new marketing models, theories, strategies and practices of direct marketing and electronic marketing with special emphasis on developing skills in e-commerce and dealing with legal, social and ethical issues related to electronic marketing.

The advertising setting and operations in Turkey; the relationships between the advertising department and the advertising agency (selecting the agency, agency compensation, etc.); budgeting, media planning, evaluation of advertising; exploration of advertising creativity in terms of the "concept" and "execution" dimensions.

Exploring the issues regarding theoretical, conceptual and applied aspects of services marketing; developing a basic understanding of strategic services marketing aspects to assess similarities and differences between goods marketing and services marketing; focusing on strategies for developing a customer-centered mind-set and maintaining competitive positions in the market; exploring the value creation process in service products and the meaning and impact of service quality; investigating relationship marketing in the context of services and examining the post-consumption processes thereof.

Strategic importance of operations management in dealing with competition in today's global markets; illustrating the diagnosis of a business case and an appropriate solution; developing decision-making and problem solving skills while designing a quantitative model in a spreadsheet environment; with emphasis on model formulation and interpretation of results.

Interdisciplinary approach covering topics from marketing, operations management, technology management and human resources management; discussion of how change is managed and integrated into corporate strategy; key drivers of corporate activity; the impact of integrated technology processes on organizational aspects, marketing and operations management activities; case development based on presentations by executives from technology driven companies.

Introduction of the fundamental concepts in finance; relating finance theory to business life with focus on Turkish firms; discussions of cases designed to reflect the Turkish business environment.

Financial claims, financial intermediation, financial efficiency and payment systems; deposit institutions, retail, wholesale and international banking; non-bank deposit institutions, thrifts, insurance companies, pension funds, trusts, mortgage institutions; market for securities, government and corporate bonds; money markets, money market funds; foreign exchange markets; derivatives; regulation of financial markets.

This is an application oriented course with an aim to give the managers a general overview and understanding of the current issues in empirical finance. The topics are time-series properties and statistical analysis of various financial data, tests for information efficiency, volatility, value-at-risk and forecasting. Applications involving real data will be carried out mainly with excell.

Financial reporting according to Turkish tax legislation and Turkish Capital Market Board; financial analysis methods, comparative and common size statements, sources and uses statements, ratio and trend analysis; international accounting, European Union directives, US-GAAP and international accounting standards; the effect of accounting information on capital markets; inflation accounting in Turkey; current issues in financial accounting.

Role of information systems in creating competitive advantage in changing industry structures and on the uses of information technology which impact and transform an organization; includes the contemporary application of information theory with particular focus on the internet, intranet and extranet; introducing the fundamentals of database systems, design techniques and their use in organizations; use of database systems for strategic and operational decision making.

Introducing the unique attributes of e-business and e-commerce; pinpointing the differences about managing in the network economy; describing how e-business and e-commerce enhances the competitiveness of an organization; familiarizing students with notions, concepts, models, tools, and the practices of business transformation.

The growth strategies in an entrepreneurial firm and their financial implications. Characteristics of new ventures and the main financial challenges of the entrepreneur. Financing options at each stage of the development of an entrepreneurial firm. Valuation methods for the privately owned firm. Strategic partnerships adopted by new ventures through rapid growth and harvest strategies. Financial distress at different stages of development. Real-life cases on critical aspects of creating a new venture, deciding on growth and financing strategies and harvestingchoices of a successful enterprise.

Current issues and trends in management theory and practices in a workshop format with active student participation.

Current trends and topics of special interest such as: relationship marketing, e-commerce, retailing, marketing ethics and other emerging areas of interest.

Current trends and issues on management and organizations. Supervised case studies on topics of special interest.

Guided readings in operations management. Supervised research on topics of special interest to the individual student.

Guided readings in management and organizational studies. Supervised research on topics of special interest to the individual student.

Guided readings in marketing. Supervised research on topics of special interest to the individual student.

Guided readings in finance and accounting. Supervised research on topics of special interest to the individual student.

Guided readings in international business. Supervised research on topics of special interest to the individual student.

Current developments in both local and global financial markets and institutions.

Directed review of literature and problem formulation. Term paper on a related topic with the approval of the advisor.

Directed research leading to a term paper on a topic of interest to the student, chosen with the approval of the adviser.