2014 Unit of Study
The session(s) below are for 2014. For Summer School 2014 unit of study availability please visit the Summer School website (main Summer session January/February 2014).
The University of Sydney session calendar shows exact dates for sessions.
|Business Risk Management|
|Prerequisites||ECMT5001 or QBUS5001|
|Assumed Knowledge||Knowledge of basic probability theory and familiarity with spreadsheet modelling|
|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.|