SOAS University of London

Academic Summer School goes Online

Finance and Risk Management in the Global Economy (Online) (2020 entry)

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

Overview

Programme Description

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)  

Learning Outcomes

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

Credit

This course is worth 15 credits in the UK system. 15 credits is equivalent to 4 credits in the US system and 7.5 ECTS in the European system. If you intend to transfer credit to your home institution, please check the requirements with them before you apply. We will be happy to assist you in any way we can, however please be aware that the decision to transfer credit rests with your home institution.

Current SOAS students selecting this course as an open option module will not be charged the tuition-fee. For further information and assistance, please contact summerschool@soas.ac.uk.

Enquiries

For more information please complete our enquiries form.

Start of programme: 20 July - 31 July 2020

Mode of Attendance: Full-time

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

duration:
2 weeks

Tuition Fees 2020

£1,200

Structure

Programme Schedule

A full programme schedule and updated handbook are being developed and will be available soon.

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

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.


Time Commitment

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.


Assessment

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.)


Requirements

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.


Accreditation

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.
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Fees and funding

Tuition Fees

£1,200

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

10% early-bird discount when you apply by 31 March

10% discount if you apply for two courses over 6 weeks

15% 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.

Accommodation

For more information, please see our accommodation page.

Scholarships
Academic Summer School Ambassador Scholarship 2020

The SOAS Academic Summer School is delighted to offer six 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 2020. 

Application Deadline: 2020-03-13 00:00

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

Apply

How to Apply

Apply now to secure your place.

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 course within 5 working days. Please do not pay your tuition fee prior to having received your offer letter.

Application Deadline

We are accepting applications on a rolling basis. Apply now to secure your place.

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