Risk management
- Module Code:
- 15PFMC071
- Credits:
- 15
- FHEQ Level:
- 7
- Taught in:
- Term 1
This module provides students with fundamental knowledge about how to use financial tools to manage risk. The risk tools of management covered by the module include portfolio analysis; bonds and the yield curve; financial derivatives (including forwards and futures); options (and how to use them to hedge) and Value at Risk (VaR).
Objectives and learning outcomes of the module
This course enables students to:
- Understand fundamental theories and concepts regarding financial tools that can be used in risk management
- Understand and analyse the movement of real life financial markets reported in financial magazines and newspapers
- Understand how to use some standard risk management tools to solve risk management problems for financial firms
- Understand how some standard risk management tools can be applied to nonfinancial firms
Workload
Lectures
This module consists of a 2-hour weekly lecture over 10 weeks of term plus a revision lecture in term 3 as preparation for the final examination. Students will be supplied with a syllabus with a breakdown week by week of required and additional reading. Reading materials are usually accessed electronically from the BLE and students should come to class prepared.
Tutorials
This module also has a weekly 1-hour tutorial where the questions posed by the tutor relevant to the lecture are explored and discussed by the students. Students also prepare and deliver a short presentation.
Total Work load:
Students on this module will have 3 taught hours each week. Additionally, adequate personal study time should be allocated for reading and class preparation.
Method of assessment
Assessment for this module is in three elements:
- One tutorial presentation at 10%
- One essay of 2,500 words at 30%
- One unseen 2-hour written examination at 60%
All elements except the presentation may be resubmitted