ENERGY SYSTEMS OPERATION AND TECHNOLOGY (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 3 0 3 6
The course opens with the approval of the Department at the beginning of each semester

Basic information

Language of instruction: En
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
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 Outputs

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: 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
Attendance % 0
Laboratory % 0
Application % 0
Field Work % 0
Special Course Internship (Work Placement) % 0
Quizzes % 0
Homework Assignments % 0
Presentation % 0
Project 2 % 30
Seminar % 0
Midterms 1 % 30
Preliminary Jury % 0
Final 1 % 40
Paper Submission % 0
Jury % 0
Bütünleme % 0
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
Laboratory
Application
Special Course Internship (Work Placement)
Field Work
Study Hours Out of Class 14 170
Presentations / Seminar
Project 4 80
Homework Assignments
Quizzes
Preliminary Jury
Midterms 1 3
Paper Submission
Jury
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) Have sufficient theoretical background in mathematics, basic sciences and other related engineering areas and to be able to use this background in the field of energy systems engineering.
2) Be able to identify, formulate and solve energy systems engineering-related problems by using state-of-the-art methods, techniques and equipment.
3) Be able to design and do simulation and/or experiment, collect and analyze data and interpret the results.
4) Be able to access information, to do research and use databases and other information sources.
5) Have an aptitude, capability and inclination for life-long learning.
6) Be able to take responsibility for him/herself and for colleagues and employees to solve unpredicted complex problems encountered in practice individually or as a group member.
7) Develop an understanding of professional and ethical responsibility.
8) Develop an ability to apply the fundamentals of engineering mathematics and sciences into the field of energy conversion.
9) Develop an understanding of the obligations for implementing sustainable engineering solutions.
10) Develop an ability to design a system, component, or process to meet desired needs within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability
11) Realize all steps of a thesis or a project work, such as literature survey, method developing and implementation, classification and discussion of the results, etc.