Risk Management

2019-2020

Course Objective

After taking this course you will be able to:
i) explain the concepts of risk and uncertainty;
ii) recognize various forms of risk and uncertainty in situational
contexts;
iii) explain and apply several methods to measure and manage risks (a.o.
Value at Risk, Expected Shortfall)
iv) explain and apply several methods to reduce or minimize risks (a.o.
diversification, hedging)
v) understand the basics of extreme value theory, both in theory and in
practice.

Course Content

This course is an introduction to the field of risk management. It
focuses on obtaining a broad understanding of the concepts of risk and
uncertainty and how they can arise in a variety of (not necessarily
financial) settings. The course builds upon knowledge acquired in other
Business Analytics courses, in particular Probability
Theory and Operations Research. The course is also closely related to
Project Business Analytics 2, which is taught simultaneously.

Teaching Methods

Lectures and tutorial groups.

Method of Assessment

Assignments in groups of two students.

Entry Requirements

Probability Theory.

Literature

To be announced.

Target Audience

1BA

General Information

Course Code X_400578
Credits 3 EC
Period P6
Course Level 200
Language of Tuition English
Faculty Faculty of Science
Course Coordinator prof. dr. R.W.J. Meester
Examiner prof. dr. R.W.J. Meester
Teaching Staff prof. dr. R.W.J. Meester

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Seminar, Lecture
Target audiences

This course is also available as: