SYLLABUS
Course Name |
Code |
Semester |
Theory |
Application |
Laboratory |
Local Credits |
ECTS |
|
Fundamentals of Risk Management |
RM 401 |
Fall/Spring |
3 |
0 |
0 |
3 |
4 |
|
Prerequisites |
: |
None |
Course Language |
: |
English |
Course Type |
: |
Elective |
Course Level |
: |
First Cycle |
Mode of Delivery |
: |
Face to face |
Course Coordinator |
: |
Assoc. Prof. Dr. Coşkun Küçüközmen |
Course Lecturer(s) |
: |
Assoc Prof. Dr. Coşkun Küçüközmen |
Course Assistants |
: |
|
Course Objectives |
: |
Main objective of the course is to define the main terms used for the financial risks such as market, credit, operational risks and enable students to review the methodologies and assumptions connected to these risks. Students are also expected to enable to analyze and manage these risks during their business life. |
Course Learning Outcomes |
: |
The students who succeeded in this course;
|
Course Content |
: |
Topics covered are: identification, classification, measurement and management of different types of financial risks. |
Recommended Optional Program Components |
: |
None |
Week |
Subjects |
Related Preparation |
1 |
Introduction to Financial Risk Management |
Jonathan Mun, Chapter 1, Applied Risk Analysis |
2 |
Financial Instruments and Institutions |
John C. Hull, Chapter 2 & 3, Risk Management and Financial Institutions |
3 |
Risk Types, Classification, Regulation and Supervision Approach |
CGM, Chapter1 Gallati, R. Chapter1 Bessis, J. Section 2 |
4 |
Value at Risk |
John C. Hull, Chapter 8, Risk Management and Financial Institutions |
5 |
Credit Risk |
CGM, Chapter7 & 11 Best, P. Chapter Gallati, R. Chapter 2 & 3 Bessis, J. Sections 10 & 11 |
6 |
Market Risk & RMD |
CGM, Chapter7 & 11 Best, P. Chapter Gallati, R. Chapter 2 & 3 Bessis, J. Sections 10 & 11 |
7 |
Operational Risk |
John C. Hull, Chapter 18, Risk Management and Financial Institutions |
8 |
Ara Sınav (Makale İncelemesi) |
|
9 |
Ara Sınav (Makale İncelemesi) |
|
10 |
Scenario Analysis and Stress Tests |
Christoffersen, P.F. Chapter 8 Best, P. Chapter 6 & John C. Hull, Chapter 17, Risk Management and Financial Institutions |
11 |
Introduction to Volatility Models - I |
John C. Hull, Chapter 9, Risk Management and Financial Institutions |
12 |
Introduction to Volatility Models - II |
John C. Hull, Chapter 9, Risk Management and Financial Institutions |
13 |
Basel-II/III & Solvency II |
John C. Hull, Chapter 11, Risk Management and Financial Institutions |
14 |
The Global Financial Crisis and The Role of Risk Management |
Risk management, corporate governance, and bank performance in the financial crisis. J. Bank Finance (2011) |
Course Notes / Textbooks |
: |
Book Chapters |
References |
: |
BOOKS The Essentials of Risk Management, M. Crouhy, D. Galai, R. Mark, (CGM) 2006 Applied
Risk Analysis, Jonathan Mun, 2004 Journal
of Risk Management in Financial Institutions |
Semester Requirements |
Number |
Percentage of Grade |
Attendance/Participation |
20 |
|
Laboratory |
||
Application |
||
Field Work |
||
Special Course Internship (Work Placement) |
||
Quizzes/Studio Critics |
||
Homework Assignments |
10 |
|
Presentation/Jury |
1 |
25 |
Project |
||
Seminar/Workshop |
||
Midterms |
1 |
20 |
Final |
1 |
25 |
Total |
100 |
|
|
||
PERCENTAGE OF SEMESTER WORK |
75 |
|
PERCENTAGE OF FINAL WORK |
25 |
|
TOTAL |
100 |
Course Category (Only one category will be chosen) |
Core Courses |
|
Major Area Courses |
X |
|
Supportive Courses |
||
Media and Managment Skills Courses |
||
Transferable Skill Courses |
Program Qualifications / Outcomes |
* Level of Contribution |
|||||
1 |
2 |
3 |
4 |
5 |
||
1 |
To solve problems, to have analytical and holistic viewpoint and to develop strategic thinking as a principle in the field of business administration |
X |
||||
2 |
To evaluate It is aimed to graduate students whom are able to critique what they have already learn in the field of management, adopting life long learning and continuously developing themselves |
X |
||||
3 |
It is aimed to graduate students whom are able to transfer their academic knowledge to organizational level and capable of expressing themselves regarding organizational problems both oral and written |
X |
||||
4 |
The students are required to understand the concepts and ideas of business in both national and multinational settings and practice cross disciplinary and comparative analysis |
X |
||||
5 |
It is required to know and practice the quality and productivity principles of business life |
X |
||||
6 |
Act and think with an innovative motive and able to apply the academic knowledge gain during new and unconventional occasions |
X |
||||
7 |
Acquiring leadership qualifications and applying them successfully |
|||||
8 |
Working efficiently and effectively, learning how to be a team member, taking responsibilities, being open minded, constructive, vulnerable to criticism and having self confidence |
X |
||||
9 |
It is required to know the regional economic aspects and transfer the academic knowledge to real life with both national and international thinking |
X |
||||
10 |
To know and apply the realities of business ethics and act according to social, scientific and ethical values under any circumstances such as data collection, evaluation, announcing and practicing |
|||||
11 |
Able to use a foreign language as fluent as possible for both chasing the scientific publication and developing proper communication with colleagues from other countries, (“European Language Portfolio Global Scale”, Level B1) |
|||||
12 |
Intermediate in both written and spoken of a second foreign language |
X |
||||
13 |
Able to use computer programs and technology to an adequate level required by business practices. |
X |
||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
Activities |
Number |
Duration (Hours) |
Total Workload |
Course Hours (Including Exam Week: 16 x Total Hours) |
16 |
3 |
48 |
Laboratory |
|||
Application |
|||
Special Course Internship (Work Placement) |
|||
Field Work |
|||
Study Hours Out of Class |
16 |
1 |
16 |
Presentations / Seminar |
1 |
6 |
6 |
Project |
1 |
10 |
10 |
Homework Assignments |
10 |
1 |
10 |
Quizzes |
|||
Midterms |
1 |
10 |
10 |
Final |
1 |
14 |
14 |
|
|
Total Workload |
114 |