Registry
Module Specifications
Current Academic Year 2012 - 2013
Please note that this information is subject to change.
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| Description | |||||||||||||||||||||||||||||||||||||||||||||
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To purpose of this module is to develop students knowledge of the tools and techniques of managing financial and other forms of risk in the modern business environment - to include sovereign institutions as well as financial and non-financial corporations. In this module students will develop their knowledge of the risk management function as well as the principal risk management instruments and strategies. Students will develop the skills to value such instruments and strategies.This module is delivered through a combination of weekly lectures and on-line learning tools, including moodle quizes. Students are expected to attend lectures and to engage in on-line learning and research activities on a regular basis. In addition students will undertake problem sets and read recommended expert articles. | |||||||||||||||||||||||||||||||||||||||||||||
| Learning Outcomes | |||||||||||||||||||||||||||||||||||||||||||||
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1. Critically evaluate types of financial risk confronting governments, financial and non-financial corporations, and recommend risk management strategies to counter these risks 2. Evaluate arguments for and against hedging foreign exchange rate risk 3. Evaluate fixed income securities and interest rate risk. Estimate and interpret interest rate risk management metrics and recommend interest rate risk management securities and strategies, to include interest rate derivatives 4. Critique methodologies for managing risk such as credit risk, operational risk, weather risk or regulatory risk, to include value at risk (VaR), Conditional VaR, Creditmetricsâ„¢, and evaluate recent innovations in product development for risk management. 5. Critically evaluate risk management issues that arise from the relationship between individual economic agents, corporates and government within the global economy, and recommend appropriate policy responses | |||||||||||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
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| Indicative Content and Learning Activities | |||||||||||||||||||||||||||||||||||||||||||||
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Students will focus on the following topics. Introduction to the Risk-management Environment. This section will introduce the principal characteristics of financial and other related forms of risk facing sovereigns and corporates. It will look at the objectives of the risk management function within such institutions. Foreign Exchange Risk Management. This section will examine the forms of foreign exchange exposure and evaluate the tools and techniques for managing this exposure from a number of different perspectives.. Interest Rate Risk Management. This section will explain how to define and measure interest rate risk across a variety of institutional perspectives. It will enable students evaluate these risks as well as the tools and instruments to counter this risk.. Market Risk and Related. This section extends students understanding of risk management by defining other forms of risk such as market risk and credit risk. It will present and critique methodologies for dealing with such risk such as value-at-risk (VaR), credit value-at-risk, Cat bonds and credit risk derivatives and will examine valuation tools for such instruments.. Risk Management and Moral Hazard. This section looks at the relationship between individual economic agents and sovereign and institutional interests within the economy in the context of risk management and moral hazard. It also examines the theoretical framework for regulation and policy response.. | |||||||||||||||||||||||||||||||||||||||||||||
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| Indicative Reading List | |||||||||||||||||||||||||||||||||||||||||||||
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| Other Resources | |||||||||||||||||||||||||||||||||||||||||||||
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| Programme or List of Programmes | |||||||||||||||||||||||||||||||||||||||||||||
| CCT | Graduate Cert.in Corporate Treasury | ||||||||||||||||||||||||||||||||||||||||||||
| Timetable this semester: Timetable for EF548 | |||||||||||||||||||||||||||||||||||||||||||||
| Date of Last Revision | 08-FEB-12 | ||||||||||||||||||||||||||||||||||||||||||||
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