Finance and Risk Management in the Global Economy (Online)
- 2 weeks
- Start of programme
- 20 July - 31 July 2020
- Attendance mode
"I thoroughly enjoyed this course and was extremely impressed with the amount I learned over the span of two weeks. In particular, I really enjoyed the live tutorials and lectures, as every lecturer was engaging and exceeded my expectations. I would definitely recommend this course to anyone interested in learning more about finance or pursuing a finance-related career." - Alma Russell-Smith, 2020
This course provides participants with the essentials of finance and risk management including the theories, concepts, tools and techniques for understanding, discussing and evaluating key themes in finance and risk management. Many of the principles in risk management were developed in relation to financial firms such as banks and investment fund managers, but they are also applicable to non-financial firms in commerce, manufacturing, government or other sectors. The world changed after the global financial crisis of 2007-2009, in particular, the changes and challenges in financial sector regulatory constraints and the higher capital costs under Basel III. All firms face risks although the types of risks they face and their extent differ, consequently, risk management requires strategies for dealing with financial risks and appropriate techniques for implementing the strategies. Based on academic research on the principles together with practical examples and applications, students will learn how to calculate financial risks, and to change the combination of risk and expected return by taking the form of derivatives contracts (such as options and futures) that powerfully facilitate strategies to reduce risk (‘hedging’) or increase it (‘speculation’). Students will learn how banks manage downside risks through improving their risk measurement and management methodologies under the interconnected nature of the global financial system.
Topics that are covered in the course include understanding financial markets, financial instruments, financial institutions and the principles of risk management; examining concepts and methods used in the analysis of portfolios of financial securities, including stocks and bonds; explaining the use of financial derivatives for hedge and speculation in financial markets; and evaluating the application of risk.
For more information, please see the course handbook: Finance and Risk Management in the Global Economy online handbook (pdf; 91kb)
What will I achieve?
On successful completion of the course,you will be able to:
- Identify what the elements and functions of financial markets, institutions, the financial instruments of capital markets and their increasingly significant interactions in the global economy
- Understand what is portfolio risk and return and how risk and return are related and then learn how to measure and analyse portfolio risk-return analysis in equity and bond investment
- Understand the theoretical concepts of financial derivatives in particular, futures and options contracts, distinguish between hedging and speculation strategies using futures and options, and skilfully use derivatives to managing financial risks, for instance, changes of interest rates, currencies, an stock prices.
- Know the types of financial risks in banking and financial sectors, and the principles of managing financial risks, and learn how to measure and manage key regulatory risks in banking sector (market risk, credit risk, operational risk) under the Basel III.
- Engage in rational thinking and discussing finance and risk management using a multidisciplinary framework by linking theories and concepts in finance, investment, business cycles, global financial crises and macroeconomic policies.
- Develop and exhibit the intellectual disposition of confidence in reason to critically discuss the issues in finance, investment and risk management in the global economy.
For further information on credits, entry requirements and fees, please visit our Online Learning webpage.
If you have any question, please fill out our enquiries form .
A full programme schedule and updated handbook are being developed and will be available soon.
The information on the programme page reflects the intended programme structure against the given academic session. If you are a current student you can find structure information on the previous year link at the top of the page or through your Department. Please read the important notice regarding changes to programmes and modules .
Teaching and learning
The programme is delivered online through a Virtual Learning Environment (intranet page) that sets out the readings for each week, the guiding questions for discussion and hosts the discussion boards. This page provides a platform to share other material such as videos, internet links, quizzes and feedback on assignments. Students also have access to a vast amount of academic and policy-related material through the SOAS library.
Courses are taught intensively over two weeks between Monday - Friday. Students should expect to spend between 4-6 hours per day completing course related activities including video lectures, live tutorials, readings, forum discussion and assignments. Students studying for credit will submit a 2000-2500 word written assignment one week after the course finishes.
Each course is assessed by two online assessments (‘e-tivities’*) comprising of 30%, the remaining 70% is formed of a 2,500 word essay. The e-tivities provide formative and summative feedback to students as a means of monitoring their progress and encouraging areas in which they can improve. E-tivities will vary in format but will include article reviews, quizzes, blog posts, essay plans and more. On successful completion of the assessments, students will receive a transcript confirming the credit awarded. Students that do not require credit are strongly encouraged to take part in the e-tivities, but are not required to complete the assessments.
* An 'e-tivity' is a framework for online, active and interactive learning following a format that states clearly to the students its 'Purpose'; the 'Task' at hand; the contribution or 'Response' type; and the 'Outcome' (Salmon, G. (2002) E-tivities: The Key to Active Online Learning, New York and London: Routledge Falmer.)
Students will require regular access to a computer with a good internet connection, and the following applications installed:
- A word processor that accepts Microsoft Word formats (.doc and .docx)
- A PDF reader
Navigating Time Zones
Courses have been designed with varying time zones in mind. All lectures will be recorded for access at any time and the discussion forum is open to posts from students at all times. The limited 'live' sessions will be scheduled between 13:00 - 15:00 BST and will be recorded for any students unable to attend.
Students that successfully complete all course assessments will be awarded 15 SOAS credits. This is normally equivalent to 7.5 ECTS or 4 US credits. If you intend to transfer credit to your home institution, please check the requirements with them before you apply.
Fees and funding
A one-off, non-refundable application fee of £40 will be charged to cover administration costs. Please visit the SOAS online store to make your application fee payment.
Save £200 when if apply by 30th April
10% discount if you apply for two courses over 4 weeks
20% discount for SOAS Alumni (including Academic Summer School alumni)
20% discount for our partner institutions
Other discounts are available for groups. Please contact us for more information.
Academic Summer School Ambassador Scholarship 2022
Applications for our 2022 Ambassador Scholarship are now open.
The Ambassador Scholarship programme 2022 offers 3 full tuition fee waiver scholarships for highly morivated and academically driven students. Take a look at our Ambassador Scholarship page for more information on how to apply.
Application Deadline: 2022-04-30 00:00