ENERGY SYSTEMS OPERATION AND TECHNOLOGIES (ENGLISH, THESIS)
Master	TR-NQF-HE: Level 7	QF-EHEA: Second Cycle	EQF-LLL: Level 7

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
ENM5227	Risk Management	Fall Spring	3	0	3	12

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Departmental Elective
Course Level:
Mode of Delivery:	Face to face
Course Coordinator :
Course Lecturer(s):	Assoc. Prof. 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.

Learning Outcomes

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.

Course Content

Tools for Measuring Risk, Interest Rate Risk, Value at Risk, Volatility, Correlations and Copulas, VaR Methods

Weekly Detailed Course Contents

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

Sources

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

Evaluation System

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

ECTS / Workload Table

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

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To be able to follow scientific literature, analyze it critically and use it effectively in solving engineering problems.
2)	Develops his/her knowledge in the field of Energy Systems Engineering to the level of specialization.
3)	To be able to carry out studies related to Energy Systems Engineering independently, take scientific responsibility and evaluate the results obtained from a critical point of view.
4)	To be able to present the results of his/her research and projects effectively in written, oral and visual form in accordance with academic standards.
5)	To be able to conduct independent research on subjects requiring expertise in Energy Systems Operation and Technology, to develop original thought and to transfer this knowledge to practice.
6)	To be able to comprehend the interdisciplinary interactions related to the field of Energy Systems Engineering.
7)	Acts in accordance with professional, scientific and ethical values; takes responsibility by considering the social, environmental and ethical impacts of engineering practices.