Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
1302007942017VALUATIONElective485
Level of Course Unit
First Cycle
Objectives of the Course
Within the framework of a fair valuation approach, constantly changing external environmental conditions and global capital markets need to be part of a flow of information that reflects fairly relevant information to respond to changing demands of companies of interest groups. As a step in providing a stream of data that is accepted as a way of integrating into the global economic system, it is necessary to identify the most appropriate valuation methods for companies and determine the true value of all assets. In this course, it is aimed to convey the related conceptual and technical frameworks to the students who receive business education.
Name of Lecturer(s)
Prof. Dr. Türker Susmuş
Learning Outcomes
1To be able to explain purpose and purpose of the valuation and valuation process.
2To estimate capital cost, foreign source and equity cost and weighted average cost of capital.
3To be able to determine the real value of financial and real assets at the stage of making investment decisions.
4To manage the value of the company effectively. To determine and apply the most appropriate valuation method for appraisal.
5To provide the student with basic knowledge about the concepts and methods of immovable valuation and application skills in the context of relevant legislation.
Mode of Delivery
Face to Face
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Valuation concept, valuation types and aims
2Introduction to real estate and asset valuation
3Real estate and asset valuation process
4Real estate and asset valuation methods and applications
5Introduction to valuation, valuation and price relation
6Factors affecting company value
7Capital cost, foreign source and equity cost, weighted average capital cost
8Methods used in company valuation: Relative valuation methods
9Midterm
10Methods used in company valuation: Reduced cash flow method - Cash flow method to the company and equity
11Methods used in company valuation: Economic Value-Added Method
12Methods used in company valuation: Option valuation method
13Corporate valuation implications
14Valuation of investment projects
15Valuation of capital market instruments: Bonds, Bills, Stocks
16Final Exam
Recommended or Required Reading
1. Firma Değerlemesi, Nurgül Chambers. Kitap, Beta Yayınevi, 2009 2. Şirket Değerlemesi, Hünkar Ivgen. Scala yayıncılık, Kitap, 2003 3. Şirket Değerlemesi: Klasik ve Modern Yaklaşımlar, A. Osman Gürbüz – Yakup Engincan., Kitap, 2004 4. Valuation: Measuring and Managing the Value of Companies, Tim Coller – Marc Goedhart. Book, 2017 5. Finansal Opsiyonlar, Gerçek Opsiyonlar ve Uygulamaları, Evcan Uzunlar – Mehmet Aktan. Kitap, 2000
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
SUM0
End Of Term (or Year) Learning ActivitiesQuantityWeight
SUM0
SUM0
Language of Instruction
Turkish
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination122
Final Examination122
Attending Lectures16348
Practice21020
Project Preparation12020
Individual Study for Mid term Examination10220
Individual Study for Final Examination20240
TOTAL WORKLOAD (hours)152
Contribution of Learning Outcomes to Programme Outcomes
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1
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5
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7
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8
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9
PO
10
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* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Ege University, Bornova - İzmir / TURKEY • Phone: +90 232 311 10 10 • e-mail: intrec@mail.ege.edu.tr