SOAS University of London

Academic Summer School at SOAS

Finance and Risk Management in the Global Economy (2019 entry)

  • Overview
  • Structure
  • Teaching and Learning
  • Fees and funding
  • Apply

Overview

duration:
3 weeks

Tuition Fees 2019

Tuition fee:
£1,600

Entry requirements

  • A university student or a graduate at the time of attending the summer school, and 18+ years of age. Professional experience can be acknowledged as equivalent to a university qualification.

Featured events

Venue: Russell Square: College Buildings

Start of programme: 22 July - 9 August 2019

Mode of Attendance: Full-time

Programme Description

The effective management of public finances is a fundamental function for every government and public sector organisation. This course provides participants with the theoretical knowledge and tools for reviewing, discussing, understanding and evaluating key themes about public financial management. Based on academic research and practical examples, students will learn how the governments and public sector organisations plan and administer public spending; how tax policies are made; what are the effects of taxation; what other means, apart from taxation, the public sector has for raising revenues; how financial performance is reported to the public; and how fiscal balance is attained.

The course focuses on the concepts and techniques that are used to achieve desired risk-return combinations. 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, or other sectors. Topics that are covered in the course include public financial management in developing countries, fiscal decentralisation, tax compliance, and tendencies in public sector financial reporting and auditing. In tutorials, students will be required to present assigned tasks and discuss case studies of public financial management drawing from a variety of countries from all over the world.

Learning Outcomes

On successful completion of the course, a student should be able to demonstrate the ability to: 

  • Understand financial investment, including stocks and bonds, derivatives, futures and options, hedging and speculation strategies
  • Measure and monitor risk, including managing portfolios and calculating risk and returns
  • Understand and applications of risk management

Tutor Information

The course will be taught by Dr Simon Hubbert and Dr Jeo Lee both experts in their fields of financial mathematics, economics, and banking.  Dr Hubbert is a senior lecturer in mathematical finance and risk management at the University of London.  He has been teaching derivatives for CeFiMS and market risk techniques.  Dr Lee is a financial economist specialised on risk modelling and the author of textbook Financial Risk Management & Derivatives (2012 2d Edition). Some of Dr Lee's selected research papers are available for public access.  Prior to academia, Dr Lee worked for European banks and was part of the UK governmental department as a senior economist. She is currently a director of FinTech-Africa; a supervisor of MSc Finance dissertation and an exam-examiner for CeFiMS.  

Professor Scaramozzino is the course director. He teaches in the School of Finance and Management at SOAS and his research focusses on corporate finance, uncertainty, risk, financial economics and comparative economic systems.

Credits

Students are usually able to obtain credits from their home institution and typically our courses receive 3 credits in the US system and 7.5 ECTS in the European system. If you intend to claim credits from your home institution, please check the requirements with them before you enrol. We will be happy to assist you in any way we can, however please be aware that the decision to award credits rests with your home institution.

Assessment will be optional and will vary for each course. Participants will be provided with a certificate of attendance and a Record of Study will be available on request.

Enquiries

For more information, please contact us

Convenors

Structure

Programme Structure

Week 1: Finance and Risk Management: An Introduction

  • Financial markets, institutions and instruments
  • Principles of the analysis of financial portfolios
  • Principles of Investment in equities and bonds

Week 2: Risk Management using Futures and Options

  • Financial derivatives
  • Forwards and futures
  • Financial options: payoff profiles
  • Hedging strategies using futures and options

Week 3: Risk Management in the Global Economy

  • Principles of the management in banking and finance
  • Market Risk, Credit Risk and Operational Risk in banking and finance
  • Corporate risk management in multinational corporations
  • The management of currency exposure: foreign currency futures and options

Assessment: is optional and will be in the form of a 2000-2500 word essay to be handed in 2 weeks after the end of the course (70% of overall mark) and an individual presentation and numerical assignments (30% of overall mark)

Important notice

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

Teaching & Learning

Contact hours:

46 hours (lectures, tutorials, activities). The course will be delivered Monday - Friday over the 3 weeks.

Core hours:

Monday - Friday, 10am-3pm. In addition to regular lectures and tutorials, each course is composed of a range of activities relating to their academic content (e.g. museum visit, company visit etc). Optional hours: 

Pre-reading material:

The texts for the course are “Fundamentals of Futures and Options Markets”, Eighth Edition by John Hull; “the Essentials of Risk Management, 2nd edition, Crouhy et al, and various Corporate Finance texts. 

Fees and funding

Tuition Fees

£1,600

Application fee

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.

Discounts

20% discount for our partner institutions

Accommodation

Accommodation is available to Summer School students at the SOAS halls of residence, Dinwiddy House. For more details of how to book a room please visit the Dinwiddy House accommodation page.

Scholarships
Academic Summer School Ambassador Scholarship 2019

The SOAS Academic Summer School is delighted to offer three tuition-fee waiver scholarships to passionate students with a desire to make a difference in the world.

The scholarships will cover the tuition fee for one Academic Summer School course in 2019. 

Application Deadline: 2019-04-12 00:00

For further details and information on external scholarships visit the Scholarships section

Apply

How to Apply

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Entry Requirements

In order to join the Academic Summer School, students should meet the following entry requirements:

  • A university student or a graduate at the time of attending. Professional experience can be acknowledged as equivalent to a university qualification.
  • Participants must be 18 or over at the time of attendance.
  • Fluency in English language is recommended for non-credit courses, but essential for SOAS Accredited courses. Proficiency can be demonstrated through:
  • IELTS, 6.5 overall or higher, with at least 6 in all sub scores.
  • TOEFL Paper based test we require a minimum of 583 with minimum 53 in all skills and for TOEFL Internet Based Test we require a minimum of 93 with minimum 20 in all skills. 
  • Pearson Test of English a score of 59-64
  • Cambridge English: Advanced (CAE) Grade B
  • If you have studied in an English speaking institution, or have courses taught at your university in English (excluding English language courses) you may meet our requirements without having to supply a certificate. Evidence of this will either need to be included on a transcript or letter from your university. 
  • If you are unsure whether you meet the above entry requirements, please contact us to discuss your application.

Enrolment of applicants who do not meet the entry requirements is at the discretion of SOAS – please get in touch to speak to us about your application and we will be happy to help. 

Application Procedure

Once you have paid the £40 application fee and submitted the online application form, you will be informed as to whether you have a place on the summer school within 5 working days. Please do not pay your tuition fee prior to having received your offer letter.

Application Deadline

Applications now accepted on a rolling basis for all courses

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