Finance and Risk Management
Programme Description
The effective management of public finances is a fundamental function for every government and public sector organisation. This course provides participants with the theoretical knowledge and tools for reviewing, discussing, understanding and evaluating key themes about public financial management. Based on academic research and practical examples, students will learn how the governments and public sector organisations plan and administer public spending; how tax policies are made; what are the effects of taxation; what other means, apart from taxation, the public sector has for raising revenues; how financial performance is reported to the public; and how fiscal balance is attained.
The course focuses on the concepts and techniques that are used to achieve desired risk-return combinations. Many of the principles in risk management were developed in relation to financial firms such as banks and investment fund managers, but they are also applicable to non-financial firms in commerce, manufacturing, or other sectors. Topics that are covered in the course include public financial management in developing countries, fiscal decentralisation, tax compliance, and tendencies in public sector financial reporting and auditing. In tutorials, students will be required to present assigned tasks and discuss case studies of public financial management drawing from a variety of countries from all over the world.
Learning Outcomes
On successful completion of the course, a student should be able to demonstrate the ability to:
- Understand financial investment, including stocks and bonds, derivatives, futures and options, hedging and speculation strategies
- Measure and monitor risk, including managing portfolios and calculating risk and returns
- Understand applications of risk management
Tutor Information
The course will be taught by Dr Simon Hubbert and Dr Jeo Lee both experts in their fields of financial mathematics, economics, and banking. Dr Hubbert is a senior lecturer in mathematical finance and risk management at the University of London.
Credits
Students are usually able to obtain credits from their home institution and typically our courses receive 3 credits in the US system and 7.5 ECTS in the European system. If you intend to claim credits from your home institution, please check the requirements with them before you enrol. We will be happy to assist you in any way we can, however please be aware that the decision to award credits rests with your home institution.
Assessment will be optional and will vary for each course. Participants will be provided with a certificate of attendance and a Record of Study will be available on request.
Programme Structure
Week 1: Finance and Risk Management: An Introduction
- Financial markets, institutions and instruments
- Principles of the analysis of financial portfolios
- Principles of Investment in equities and bonds
Week 2: Risk Management using Futures and Options
- Financial derivatives
- Forwards and futures
- Financial options: payoff profiles
- Hedging strategies using futures and options
Week 3: Risk Management in the Global Economy
- Principles of the management in banking and finance
- Market Risk, Credit Risk and Operational Risk in banking and finance
- Corporate risk management in multinational corporations
- The management of currency exposure: foreign currency futures and options
Assessment: is optional and will be in the form of a 2000-2500 word essay to be handed in 2 weeks after the end of the course (70% of overall mark) and an individual presentation and numerical assignments (30% of overall mark)
Teaching & Learning
Contact hours:
46 hours (lectures, tutorials, activities). The course will be delivered Monday - Friday over the 3 weeks.
Core hours:
Monday - Friday, 10am-3pm. In addition to regular lectures and tutorials, each course is composed of a range of activities relating to their academic content (e.g. museum visit, company visit etc). Optional hours:
Tuition Fees
£1,600
Application fee
A one-off, non-refundable application fee of £40 will be charged to cover administration costs. Please visit the SOAS online store to make your application fee payment.
Discounts
10% discount if you apply by 31 March 2019
20% discount for our partner institutions
Accommodation
Accommodation is available to Summer School students at the SOAS halls of residence, Dinwiddy House. For more details of how to book a room please visit the Dinwiddy House accommodation page.
Scholarships
We have a wide range of scholarships and awards to support students on our degree programmes. There is a competitive application process for these scholarships and awards – based on academic merit. And their focus can range from supporting students from specific countries or a group of countries, to particular degrees or areas of research. We also offer a number of bursaries based on financial need at undergraduate level.
Entry Requirements
In order to join our Summer School, you will need to meet the following entry requirements:
- A university student or a graduate at the time of attending the summer school, and 18+ years of age.
Professional experience can be acknowledged as equivalent to a university qualification. - A minimum English language requirement if English is not your first language:
- IELTS, 6.5 overall or higher, with at least 6 in all sub scores.
- TOEFL Paper based test we require a minimum of 583 with minimum 53 in all skills and for TOEFL Internet Based Test we require a minimum of 93 with minimum 20 in all skills.
- Pearson Test of English a score of 59-64
- Cambridge English: Advanced (CAE) Grade B
- If you have studied in an English speaking institution, or have courses taught at your university in English (excluding English language courses) you may meet our requirements without having to supply a certificate. Evidence of this will either need to be included on a transcript or letter from your university.
- Applicants with an alternative qualification should contact us for advice.
- Applicants whose English language level do not meet out requirements may be interested in our subject based courses with English language support.
Enrolment of Summer School applicants who don’t meet the entry requirements is at the discretion of SOAS – please get in touch to speak to us in detail about your application
Application Procedure
Once you have paid the £40 application fee and submitted the online application form, you will be informed as to whether you have a place on the summer school within 5 working days. Please do not pay your tuition fee prior to having received your offer letter.
Application Deadline
31 May 2019
For more information click "LINK TO ORIGINAL" below.
This opportunity has expired. It was originally published here:
https://www.soas.ac.uk/summerschool/subjects/finance-and-risk-management/