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Unit of Study

Business Risk Management
UoS Code QBUS6820
Credit points 6
Offered Semester 2
Prerequisites ECMT5001 or QBUS5001
Assumed Knowledge Knowledge of basic probability theory and familiarity with spreadsheet modelling
Additional Information
Lectures 1x 3hr class per week
Assessment Individual assignment (30%), mid-semester exam (25%), and final exam (45%)
Description This unit provides the basic knowledge and tools needed to understand and manage risk. It includes business cases to illustrate the nature of risk and risk management strategies. The main focus is on quantitative approaches to analysing risk through understanding the probability distributions involved. Topics covered include: Value at Risk calculations; Prospect theory for decisions under risk; Extreme value theory; Monte-Carlo simulation; Stochastic optimization; Credit scoring; Real options and Hedging strategies.