ENGINEERING MANAGEMENT (ENGLISH, NON-THESIS) | |||||
Master | TR-NQF-HE: Level 7 | QF-EHEA: Second Cycle | EQF-LLL: Level 7 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ENM5227 | Risk Management | Fall | 3 | 0 | 3 | 12 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | English |
Type of course: | Departmental Elective |
Course Level: | |
Mode of Delivery: | Face to face |
Course Coordinator : | Dr. Öğr. Üyesi ETHEM ÇANAKOĞLU |
Course Lecturer(s): |
Dr. Öğr. Üyesi ETHEM ÇANAKOĞLU |
Recommended Optional Program Components: | N.A. |
Course Objectives: | This course introduces students to the main strategies, methods and techniques used to manage the risks faced by the organizations during their on going business. Students will learn financial risk assessment and measurement techniques, how to organize and structure the financial risk management, how to manage the main financial risks: market, credit operational, liquidity, interest rate, foreign exchange risk, etc. Also students will learn how to measure and to manage the risks at the corporate level. |
The students who have succeeded in this course; • analyse, model and manage financial risks faced by a variety of institutions. • calculate different risk metrics such as value at risk. • quantify market risk, credit risk, and operational risk. • learn mathematics of interest rates. • learn basics of different financial instruments used for risk management. |
Tools for Measuring Risk, Interest Rate Risk, Value at Risk, Volatility, Correlations and Copulas, VaR Methods |
Week | Subject | Related Preparation |
1) | Introduction | |
2) | Tools for Measuring Risk | |
3) | Trading in Financial Markets | |
4) | Financial Risk in Banks | |
5) | Insurance | |
6) | Case - The Credit Crisis of 2007 | |
7) | Financial Derivatives | |
8) | How Traders Manage Their Risks | |
9) | Midterm | |
10) | Interest Rate Risk | |
11) | Value at Risk | |
12) | Volatility | |
13) | Correlations and Copulas | |
14) | Operational Risk | |
15) | Final exam preparation | |
16) | Final |
Course Notes / Textbooks: | John C. Hull, “Risk Management and Financial Institutions”, Wiley Finance. |
References: | Philippe Jorion, “Value at Risk, 3rd Ed.: The New Benchmark for Managing Financial Risk”, McGraw Hill |
Semester Requirements | Number of Activities | Level of Contribution |
Project | 2 | % 30 |
Midterms | 1 | % 30 |
Final | 1 | % 40 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 30 | |
PERCENTAGE OF FINAL WORK | % 70 | |
Total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 13 | 39 |
Study Hours Out of Class | 14 | 170 |
Project | 4 | 80 |
Midterms | 1 | 3 |
Final | 1 | 3 |
Total Workload | 295 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | To be process oriented | 3 |
2) | To integrate technical specifications with management functions | 2 |
3) | To improve management skills by taking into account the economic, social and environmental conditions | |
4) | To launch fast and agile decision-making process | |
5) | To lead disciplinary and multi-disciplinary teams, to develop solution approaches in complex situations, to work individually and to take responsibility. | |
6) | To have conscious of professional and ethical responsibility | |
7) | To be aware of economic and legal implications of engineering solutions | 3 |
8) | To have ability of selection and efficient use of modern techniques, equipments and information technologies for engineering management | |
9) | To have verbal and oral effective communication skills by using visual methods in Turkish and English | |
10) | To have conscious of necessity to lifelong learning | |
11) | To be aware of entrepreneurship, sustainability and innovation | |
12) | To be capable of designing and conducting experiments and collecting data, analyzing and interpreting results | 3 |