wir843 - Financial Risk Management (Complete module description)

wir843 - Financial Risk Management (Complete module description)

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Module label Financial Risk Management
Modulkürzel wir843
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Economics)
Verwendbarkeit des Moduls
  • Master Applied Economics and Data Science (Master) > Specialization
  • Master's programme Business Administration: Management and Law (Master) > Schwerpunktmodule AFT - BWL
  • Master's programme Business Administration: Management and Law (Master) > Schwerpunktmodule RdW - BWL
Zuständige Personen
  • Lehrenden, Die im Modul (Prüfungsberechtigt)
  • Prokop, Jörg (module responsibility)
Prerequisites
Skills to be acquired in this module
The aim of the course is to provide students with a thorough knowledge of how to identify, classify, measure, and manage different types of financial business risks. In particular, we will discuss the properties and potential applications of derivatives in financial risk management. Upon completion of this module students
• will have a sound understanding of the concept of risk management, and will be able to distinguish different types of financial risks and risk management approaches;
• will be able to devise hedging strategies, arbitrage strategies, and speculative strategies using financial derivatives such as futures contracts, forward contracts, options, and swaps;
• will be able to consistently apply valuation models to determine theoretical prices of financial derivatives.
• will be able to assess limitations of financial derivatives in risk management.
Module contents
The course provides insights into the theory and practice of modern financial business risk management, including:

• the concept of risk, types of financial risks, and approaches to risk measurement;
• the mechanics of financial markets, including derivatives markets;
• the properties of selected financial instruments, including financial derivatives such as forwards, futures, options, and swaps;
• tools and techniques for managing financial risks.
Literaturempfehlungen
Highly recommended readings:
• John C. Hull, Options, Futures, And Other Derivatives, current edition, Pearson.
• Aswath Damodaran, Strategic Risk Taking: A Framework For Risk Management, Pearson 2008.
Optional readings:
• John C. Hull, Risk Management and Financial Institutions, latest edition, Pearson.
• John C. Hull, Fundamentals of Futures and Options Markets, latest edition, Pearson.
Further readings may be announced during the course.
Links
Language of instruction English
Duration (semesters) 1 Semester
Module frequency halbjährlich
Module capacity unlimited
Type of module Wahlpflicht / Elective
Module level MM (Mastermodul / Master module)
Teaching/Learning method 2 VL oder 1 VL und 1 Ü
Examination Prüfungszeiten Type of examination
Final exam of module
typically at the end of the semester; potential mid-term examination dates will be announced in the first session
1 term paper (Hausarbeit) or 1 written exam (Klausur) or 1 oral exam (mündliche Prüfung) or 1 Portfolio
Form of instruction Lecture
ggf. mit Übung

SWS 4
Frequency --
Workload Präsenzzeit 56 h