Business Risk Management (QBUS6820)

UNIT OF STUDY

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.

Further unit of study information

Classes

1x 3hr class per week

Assessment

Individual assignment (30%), mid-semester exam (25%), and final exam (45%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

ECMT5001 or QBUS5001, Assumed knowledge: Knowledge of basic probability theory and familiarity with spreadsheet modelling

Assumed knowledge: Knowledge of basic probability theory and familiarity with spreadsheet modelling

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.