Financial Risk Management

Course contents

What is risk management? Historical developement of risk management. Credit risk, Market risk, Process risk, Information risk etc. Economic analysis of risk. Risk vs. uncertainty. Measuring: Losses, Mu-sigma-rule, Value at risk, Expected shortfall. Sensitivity. Portfolio analysis; Tobin's separation model, limits of diversification. Prevention, avoidance, spreading and transfer of risk. Using and evaluating derivatives. Risk management caveats.

Department

Master's program International Business & Law