Risk and Crisis Management

 

Teaching Hours and Credit Allocation:	16 hours, 4 credits
Course Assessment:	Coursework

 

Aims

The aim of this course is to provide a sound understanding of the basic principles of risk management, with an emphasis on non-financial firms. It provides a rationale for corporate risk management by explaining how risk affects the value of the firm. It presents several financial instruments that can be used as risk management tools. It also suggests several strategies that the firm can use to improve its resilience to risk.

 

Learning Outcomes

By the end of this course you should be able to:

• Understand the impact of risk on firm value
• Appreciate the strengths and weaknesses of alternative risk strategies
• Develop effective risk management strategies
• Understand the limitations of risk management strategies.

 

Content

• Types of risk faced by non-financial firms
• Effect of risk on the value of the firm
• Rationale for corporate risk management
• Foreign exchange risk
• Interest rate risk
• Commodities risk
• Operational risk
• Derivatives and risk management
• Pensions plans risk management
• Enterprise risk management