- 3 weeks
Tuition Fees 2019
- Tuition fee:
Venue: Russell Square: College Buildings
Start of programme: 22 July - 9 August 2019
Mode of Attendance: Full-time
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.
On successful completion of the course, a student should be able to demonstrate the ability to:
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.
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.
For more information, please contact us
Week 1: Finance and Risk Management: An Introduction
Week 2: Risk Management using Futures and Options
Week 3: Risk Management in the Global Economy
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)
The information on the programme page reflects the intended programme structure against the given academic session. Please read the important notice regarding changes to programmes and modules.
46 hours (lectures, tutorials, activities). The course will be delivered Monday - Friday over the 3 weeks.
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:
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.
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.
10% discount if you apply by 31 March 2019
20% discount for our partner institutions
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.
In order to join our Summer School, you will need to meet the following entry requirements:
Enrolment of Summer School applicants who don’t meet the entry requirements is at the discretion of SOAS – please get in touch to speak to us in detail about your application
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.
31 May 2019