| ENGINEERING MANAGEMENT (TURKISH, PHD) | |||||
| PhD | TR-NQF-HE: Level 8 | QF-EHEA: Third Cycle | EQF-LLL: Level 8 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| ENM5227 | Risk Management | Spring | 3 | 0 | 3 | 12 |
| The course opens with the approval of the Department at the beginning of each semester |
| 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. |
|
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: | 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 |
| 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 | |
| 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 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | - To be able to develop and deepen current and advanced knowledge in the field with original thought and/or research at the level of expertise based on master's qualifications, and to reach original definitions that will bring innovation to the field. | |
| 2) | - To be able to comprehend the interdisciplinary interaction that the field is related to; Ability to reach original results by using knowledge that requires expertise in analyzing, synthesizing and evaluating new and complex ideas. | |
| 3) | -To be able to evaluate and use new knowledge in the field with a systematic approach. | |
| 4) | - To be able to develop a new idea, method, design and/or application that brings innovation to the field, or to apply a known idea, method, design and/or application to a different field, to research, comprehend, design, adapt and apply an original subject. | |
| 5) | - Ability to critically analyze, synthesize and evaluate new and complex ideas. | |
| 6) | - Gaining high-level skills in using research methods in studies related to the field. | |
| 7) | - To be able to critically examine and develop social relations and the norms that guide these relations, and to manage actions to change them when necessary. | |
| 8) | - To be able to defend their original views in the discussion of the issues in the field with experts and to establish an effective communication showing their competence in the field. | |
| 9) | - To be able to communicate and discuss at an advanced level in written, oral and visual using a foreign language at least at the C1 General Level of the European Language Portfolio. | |
| 10) | - To be able to develop new thoughts and methods in the field by using high-level mental processes such as creative and critical thinking, problem solving and decision making. | |
| 11) | - To be able to contribute to the process of becoming an information society and maintaining it by introducing scientific, technological, social or cultural advances in the field. | |
| 12) | - To be able to interact functionally by using strategic decision-making processes in solving the problems encountered in the field. | |
| 13) | - To be able to contribute to the solution of social, scientific, cultural and ethical problems encountered in issues related to the field and to support the development of these values. | |
| 14) | - Being able to contribute to the progress in the field by independently carrying out an original work that brings innovations to the field, develops a new idea, method, design and / or application or applies a known idea, method, design and / or application to a different field. | |
| 15) | - To be able to expand the limits of knowledge in the field by publishing at least one scientific article related to the field in national and/or international refereed journals and/or by producing or interpreting an original work. | |
| 16) | - Ability to lead in environments that require the resolution of unique and interdisciplinary problems. |