最新糖心Vlog

On successful completion of this course, students will be able to:

1. Appraise the advantages and disadvantages of risk management techniques and models in a financial and non-financial setting

2. Apply financial risk management to create firm value

3. Measure and manage risks using different models

4. Implement integrated risk management across firms and financial institutions

The core material that will be covered within the course is available on MyUni. However, it is also a requirement that you obtain a copy of the following text and that you supplement your studies of the core material with the text:

Hull, John C. Risk Management and Financial Institutions, 4th Edition. John Wiley & Sons P&T, March 2015. ISBN: 978-1-118-95594-9

1) Financial Risk Manager Handbook + Test Bank [electronic resource]: FRM(r) Part I/Part II, Wiley, 2010, ISBN: 1-283-20378-2
2) Stulz, René M. Risk Management and Derivatives, 1st Edition. Cengage Learning. 2003. ISBN-13: 9780538861014 / ISBN-10: 0538861010
3) Crouhy, Michel; Dan Galai and Robert Mark. The Essentials of Risk Management, 2nd Edition. McGraw­Hill 2014.
4) Crouhy, Michel; Dan Galai and Robert Mark. Risk Management, 1st Edition. McGraw­Hill 2000.
5) Brealey, Richard; Stewart Myers, Franklin Allen. Principles of Corporate Finance. 11th Edition, McGraw­Hill 2013
6) John C. Hull. Options, Futures and Other Derivatives, 9th Edition, Pearson 2015.
7) Journal of Applied Corporate Finance, Various issues.
8) High quality finance journals covering risk management.

Lectures

Lectures are held on weekly basis, beginning in week 1.

Lectures will cover the core examinable material in the course. Lecture slides are available on MyUni prior to each lecture. These on their own are not an adequate substitute for attending lectures and taking your own lecture notes. It is recommended that you take a copy of the lecture slides with you to class and use these as a basis for your own note-taking. Developing lecture notes is your own responsibility in this course. If you miss a lecture ask a friend or acquaintance for notes.

There is an expectation that students will engage in additional readings, as well as the required text to gain a full appreciation of all aspects of the course.

Tutorials

Students are required to attend weekly tutorial sessions, commencing in the second week of the semester, as full solutions and discussions on tutorials material may not be available on MyUni. Students who have a valid reason for non-attendance should contact the lecturer/tutor for tutorial feedback. Assessable weekly tutorial exercises are provided primarily to improve your understanding of the course’s material, via stimulating your interest in this course.

A sound understanding (beyond superficial learning) and interest in the subject matter will be beneficial to end of semester exams and beyond. Students who attend the tutorials are expected to mark and critique their own work in the tutorials, by bringing a photocopy/printed copy of their work. Students are also urged to make a second copy of tutorial exercises for backup in the event of lost assessments. To benefit most from these tutorials, you should come well prepared and should already have attempted/submitted the tutorial exercises.

The 最新糖心Vlog anticipates full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are likely to need to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular attendance in classes.

Students in this course are expected to attend all classes.

Topic 1- Introduction; risk vs. return
Topic 2- Volatility
Topic 3- Value-at-Risk (VAR) and expected shortfall
Topic 4- Market risk: Historical Simulation, Extreme Value Theory
Topic 5- Basel I, Basel II, Basel III and Post-Crisis changes
Topic 6- Credit Risk: Estimating Default Probabilities
Topic 7- Liquidity Risk
Topic 8- Operational Risk
Topic 9- Practice of integrated risk management I: Economic Capital
Topic 10- Practice of integrated risk management II: Enterprise Risk Management

Assessment	Weighting	Related Learning Outcome
Weekly Tutorial Exercises (2 random tutorial collection during the semester, 10% each)	20%	1 to 4
Online Test 1	10%	1 to 4
Online Test 2	10%	1 to 4
Final exam (3 hours, closed book)	60%	1 to 4

The following additional conditions apply:

1. To gain a pass in this course, a mark of at least 45% must be obtained in the final examination as well as a total of at least 50% overall. Students who fail to achieve the minimum examination mark will be awarded no more than 49%.
2. Legible handwriting and the quality of English expression are considered to be integral parts of the assessment process. You may lose marks in the examination due to poor handwriting.
3. Students in this course are not permitted to take a dictionary (English or English-Foreign) into the examination.
4. The use of a non-programmable calculator is permitted in this course.

1. Weekly Tutorial Exercises
There will be a series of questions on topics, which are covered in the most recent lecture.

Each group (maximum of 3 members) will be required to write the full solutions of the weekly tutorial exercises. The group work must be submitted by Thursdays 10:00am in the tutorial week through the assigned Dropbox on MyUni.
See MyUni for specific details.

The lecturer will RANDOMLY mark TWO tutorial exercises.

As you can change your group every week, each submitted work must include the group members’ full names and their student IDs in the cover page. It is your responsibility to allocate the shared work between your group members. All of the group members will receive the same mark for the marked tutorial exercises. The lecturer will not be involved in the arrangement of the shared work in any group.

2. Online tests

Online Test 1: Multiple choice questions, and/or analytical problems based on all materials covered in lectures and tutorials from Week 1 to Week 4 inclusive.

Online test 2: Multiple choice questions, and/or analytical problems based on all materials covered in lectures and tutorials from Week 5 to Week 8 inclusive.


3. Final examination
Will be a 3 hour closed book exam and will be held during the examination period.

Notes on Assessment

1. All set work including assignments and class test must be provided by the due date and must be genuine attempts, to complete the course.
2. Legible hand-writing (for in class test and exam) and the quality of English expression are considered to be integral parts of the assessment process. You may not gain marks because of poor hand-writing, poor presentation and/or poor grammar.  Presentation and grammar are of high importance for the assignment.
3. Assessment marks prior to the final exam will be displayed on MyUni.  Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.
4. Any assignment submitted after the advised due date will incur a penalty of 10% of the total available mark per calendar day.

Presentation of Assignments

• Retain a copy of all assignments submitted.
• All group assignments, if submitted via MyUni, will be deemed to comply with the 最新糖心Vlog's policy on academic conduct through the act of submission.
• All group assignments, if submitted manually, must be attached to a ‘Group Assignment Cover Sheet’, which must be signed and dated by all group members before submission. All team members are expected to contribute approximately equally to a group assignment.

Assignment Guidelines including Referencing Details
A copy of the  will have been given to you at the beginning of your program. This guide will assist you structure your assignments. The publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc. In preparing any written piece of assessment for your postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)

The Harvard system is the preferred style of referencing for this course. Guidelines for the use of this style of referencing can be found in the . Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided in the .

Late Assignment Submission
Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. Other assignments or too much work are considered not to be valid reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits.

Return of Assignments
Every attempt is made to return assignments to students within two (2) weeks of the due date. Written feedback will be provided for each assignment. Students are responsible for collecting their marked assignments from the professions hub.