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CORPFIN 7042 - Corporate Financial Risk Management (M)

North Terrace Campus - Trimester 3 - 2016

The course information on this page is being finalised for 2016. Please check again before classes commence.

The course examines the process and instruments used in treasury management and their application in managing risk. Issues will be examined from both a financial institution and non-financial institution perspective. Topics include how financial risk management contributes to firm value; how to measure and manage market risks, credit risks and operational risks and how to deal with implementation issues of enterprise-wide risk management. The course will cover various methodologies of risk measurement and management including value-at-risk, expected shortfall, model-building approach, default probabilities, economic capital, RAROC and Enterprise Risk Management.

  • General Course Information
    Course Details
    Course Code CORPFIN 7042
    Course Corporate Financial Risk Management (M)
    Coordinating Unit Adelaide Business School
    Term Trimester 3
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Prerequisites CORPFIN 7039 & CORPFIN 7040
    Corequisites CORPFIN 7020
    Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture
    Course Staff
    Location: Room 13.51, 10 Pulteney Street
    Telephone: 8313 0083
    Email: dale.blackmore@adelaide.edu.au
    Consultation: Tuesday 1:00pm-2:30pm
    Course Timetable

    The full timetable of all activities for this course can be accessed from .

  • Learning Outcomes
    Course Learning Outcomes
    By the end of this course, students should be able to:
    1. interpret and discuss the role and relevance of financial risk management 
    2. apply various types of derivative securities to moderate financial risk exposures
    3. formulate hedging techniques utilising derivative securities in order to achieve appropriate risk management outcomes 
    4. construct risk management tools, including VaR, to monitor financial risk exposures
    5. comprehend the concept of integrated risk management and how to implement it across firms and financial institutions
    University Graduate Attributes

    No information currently available.

  • Learning Resources
    Required Resources
    Treasury and Financial Risk Management 2nd edition, edited by Dale Blackmore.  ISBN 9781308079288

    Alternatively there is an ebook available

    Treasury and Financial Risk Management 2nd edition, edited by Dale Blackmore.  ISBN 9781308079295

    Either text is suitable, you do not need to purchase both.
    Recommended Resources
    • Crouhy M, Galai D, Mark R, 2001, Risk Management, McGraw-Hill Companies Inc., New York
    • Culp CL, 2006, Structured Finance and Insurance: The ART of Managing Capital and Risk, John Wiley & Sons Inc., Hoboken
    • El-Masry AA, 2006, Derivatives use and risk management practices by UK nonfinancial companies, Managerial Finance, Volume 32, Number 2, pp. 137-159
    • Harris T, Galbraith S, Shear N, CARE/CEASA Roundtable on Managing Uncertainty and Risk, Journal of Applied Corporate Finance, Volume 23, Number 2, Spring 2013, pp. 18-33
    • Hull, JC, White A, Valuing Credit Default Swaps I: No Counterparty Default Risk, NYU Working Paper, No. FIN-00-021, April 2000
    • Pergler M, What’s different in the corporate world and why, McKinsey Working Papers on Risk, Number 40, May 2012
    • Sundaram RK, Das SR, 2011, Derivatives: Principles and Practice, McGraw-Hill Companies Inc., New York
  • Learning & Teaching Activities
    Learning & Teaching Modes

    No information currently available.

    Workload

    No information currently available.

    Learning Activities Summary

    No information currently available.

  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary

    No information currently available.

    Assessment Detail

    No information currently available.

    Submission

    No information currently available.

    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through .

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

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