COURSE INTRODUCTION AND APPLICATION INFORMATION

dm.ieu.edu.tr

Course Name

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
	Fall/Spring

Prerequisites	None
Course Language
Course Type	Elective
Course Level	-
Mode of Delivery	-
Teaching Methods and Techniques of the Course
Course Coordinator	-
Course Lecturer(s)	-
Assistant(s)	-

Course Objectives
Learning Outcomes	The students who succeeded in this course; At the end of this course students are expected to have a background on distinguishing, classifying, identifying, measuring and managing financial risks. During the course students are also expected appreciate to hedge the risks that financial institutions face, and will learn how to minimize these risks. During the course students are also expected appreciate to hedge the risks that financial institutions face, and will learn how to minimize these risks.
Course Description

Course Category	Core Courses
	Major Area Courses
	Supportive Courses	X
	Media and Managment Skills Courses
	Transferable Skill Courses

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week	Subjects	Required Materials
1	Introduction to Financial Risk ManagementI	Lecturer’s Own Notes
2	Introduction to Financial Risk ManagementI	Lecturer’s Own Notes
3	Global Financial Crisis and Role of Risk Management	DocumentaryDVD Financial Weapons Mass Destruction
4	Risk Management A Helicopter View: Typology of Risk Exposures	CGM, Chapter1 Gallati, R. Chapter1 Bessis, J. Section2
5	Banks and Their Regulators: The Research Lab for Risk Management & The Role of CRO	CGM, Chapter3
6	Market Risk & Credit Risk	CGM, Chapter7 & 11 Best, P. Chapter Gallati, R. Chapter2 & 3 Bessis, J. Sections 10 & 11
7	Operational Risk & Model Risk	Gallati, R. Chapter4
8	MidTerm (Article Review)
9	Theory of Risk and Return	CGM, Chapter5
10	Hedge Funds, Private Equity, Sovereign Wealth Funds	Lecturer’s Own Notes & DVD
11	Scenario Analysis & Stress Testing	Christoffersen, P.F. Chapter 8 Best, P. Chapter6 CGM,
12	Credit Derivatives & Financial Meltdown	Chapter12 DocumentaryDVD Financial Weapons of Mass Destruction (Repeat)
13	Trends in Risk Management	CGM, Epilogue
14	Presentations on Recent Financial & Risk Issues OR Selected Topics
15	Presentations on Recent Financial & Risk Issues OR Selected Topics
16	Review of the Semester

Course Notes/Textbooks

Book Chapters

Suggested Readings/Materials

Diğer Kaynaklar/ Other Sources : BOOKS

The Essentials of Risk Management, M. Crouhy, D. Galai, R. Mark, (CGM) 2006

Elements of Financial Risk Management, Peter F. Christoffersen,2003

Risk Management in Banking, Joel Bessis, Wiley, 2010

Risk Management and Capital Adequacy, Reto Gallati, McGrawHill, 2003

Implementing ValueatRisk, Philip Best, Wiley, 1998

Journals & Magazines

Risk Magazine (http://www.risk.net/ , paid subscription required, abstracts available for free)

Global Risk Regulator (http://www.globalriskregulator.com , paid subscription required, abstracts and some articles are available for free)

The Journal of Risk (http://www.thejournalofrisk.com/)

Daily Journals

Financial Times

Wall Street Journal

WebSites (sign up required)

GARP (http://www.garp.org/)

PRMIA (http://www.prmia.org/)

Riskmetrics (http://www.riskmetrics.com/)

Bank for International Settlements (http://www.bis.org)

Risk Management WebSites

http://www.riskworld.com/websites/webfiles/ws5aa015.htm

EVALUATION SYSTEM

Semester Activities	Number	Weigthing
Participation		10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury	1	45
Project
Seminar / Workshop
Oral Exam
Midterm	1	20
Final Exam	1	25
Total

Weighting of Semester Activities on the Final Grade		75
Weighting of End-of-Semester Activities on the Final Grade		25
Total

ECTS / WORKLOAD TABLE

Semester Activities	Number	Duration (Hours)	Workload
Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: 16 x total hours)	16
Study Hours Out of Class	16	1
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments		1
Presentation / Jury	1	6
Project		10
Seminar / Workshop
Oral Exam
Midterms	1	10
Final Exams	1	14
		Total	94

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To have a grasp of basic mathematics, applied mathematics and theories and applications of statistics.
2	To be able to use theoretical and applied knowledge acquired in the advanced fields of mathematics and statistics,
3	To be able to define and analyze problems and to find solutions based on scientific methods,
4	To be able to apply mathematics and statistics in real life with interdisciplinary approach and to discover their potentials,
5	To be able to acquire necessary information and to make modeling in any field that mathematics is used and to improve herself/himself,
6	To be able to criticize and renew her/his own models and solutions,
7	To be able to tell theoretical and technical information easily to both experts in detail and nonexperts in basic and comprehensible way,
8	To be able to use international resources in English and in a second foreign language from the European Language Portfolio (at the level of B1) effectively and to keep knowledge up-to-date, to communicate comfortably with colleagues from Turkey and other countries, to follow periodic literature,
9	To be familiar with computer programs used in the fields of mathematics and statistics and to be able to use at least one of them effectively at the European Computer Driving Licence Advanced Level,
10	To be able to behave in accordance with social, scientific and ethical values in each step of the projects involved and to be able to introduce and apply projects in terms of civic engagement,
11	To be able to evaluate all processes effectively and to have enough awareness about quality management by being conscious and having intellectual background in the universal sense,
12	By having a way of abstract thinking, to be able to connect concrete events and to transfer solutions, to be able to design experiments, collect data, and analyze results by scientific methods and to interfere,
13	To be able to continue lifelong learning by renewing the knowledge, the abilities and the compentencies which have been developed during the program, and being conscious about lifelong learning,
14	To be able to adapt and transfer the knowledge gained in the areas of mathematics and statistics to the level of secondary school,
15	To be able to conduct a research either as an individual or as a team member, and to be effective in each related step of the project, to take role in the decision process, to plan and manage the project by using time effectively.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest