BUSN 660 Financial Risk Management

This graduate-level course provides a comprehensive examination of financial risk management principles, methodologies, and practices in contemporary business environments. Students will explore various types of financial risks faced by organizations, including market risk, credit risk, liquidity risk, and operational risk, and learn how to identify, measure, mitigate, and monitor these risks effectively. Through a combination of theoretical concepts, case studies, simulations, and practical applications, learners will develop the analytical skills and strategic mindset necessary to manage financial risks and enhance organizational resilience.

Credits

3

Offered

Summer

Outcomes

1. Economic principles: Students will gain a solid understanding of fundamental economic principles, including supply and demand, opportunity cost, marginal analysis, and market equilibrium. They will be able to apply these principles to analyze various economic phenomena.
2. Microeconomic analysis: Students will learn to apply microeconomic concepts and tools to analyze individual economic agents such as consumers, producers, and market structures. They will understand concepts such as utility maximization, production and cost analysis, market structures (perfect competition, monopoly, oligopoly), and the role of government in markets.
3. Macroeconomic analysis: Students will explore macroeconomic concepts and tools to analyze the overall performance of an economy. They will study topics such as aggregate demand and supply, national income accounting, inflation, unemployment, fiscal and monetary policy, and the role of central banks.
4. Economic modeling: Students will develop the ability to construct and analyze economic models to understand economic phenomena. They will learn how to use graphical and mathematical representations to analyze relationships and make predictions. They will also learn about the limitations and assumptions of economic models.
5. Economic data analysis: Students will learn to collect, interpret, and analyze economic data. They will understand statistical techniques used in economics, such as regression analysis, hypothesis testing, and data visualization. They will be able to use economic data to draw meaningful conclusions and support economic analysis.
6. Policy analysis: Students will gain skills in evaluating and analyzing economic policies. They will learn to assess the impact of government interventions, such as taxes, subsidies, and regulations, on market outcomes. They will also understand the trade-offs involved in policy decisions and consider their economic efficiency and equity implications.
7. Decision making and optimization: Students will develop analytical skills to make informed economic decisions. They will learn techniques such as cost-benefit analysis, marginal analysis, and optimization to assess alternative choices and evaluate their economic consequences.
8. International economics: Students will explore the principles and theories of international trade and finance. They will understand the benefits and costs of trade, exchange rates, balance of payments, and the impact of globalization on economies.
9. Critical thinking and problem solving: Students will enhance their critical thinking skills and problem-solving abilities by applying economic analysis to real-world issues. They will learn to identify and analyze economic problems, evaluate different perspectives, and propose solutions based on economic reasoning.