ØABED4300 Risk Management Course description

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On successful completion of the course, the student has the following learning outcomes classified as knowledge, skills and general competence:

Knowledge

The student

• can describe the practice placement’s professional basis and how it describes the purpose of its activities
• can describe the practice placement's quality, notification and non-conformity systems
• can explain legislation and regulations that apply to the practice placement
• can explain case processing procedures at the practice placement
• can explain how the practice placement cooperates with other relevant services/arenas
• can explain the practice placement’s reporting and patient record system
• can explain different specialist administrative systems
• can explain the content and structure of different types of reports used at the practice placement
• can describe how the practice placement uses welfare technology
• can explain his/her own professional role and how multidisciplinary and interprofessional cooperation can be promoted
• can describe factors that can promote cooperation, trigger conflicts and resolve conflicts

Skills

The student

• can identify ethical dilemmas and conflicts of values in service provision
• can protect privacy in connection with data processing and storage
• can ensure user participation and apply professional knowledge in decision-making support
• can apply relevant observation, methods for assessing and testing in cooperation with service recipients to identify goals, needs and interests, and evaluate training and care measures
• can prepare descriptions of measures in cooperation with service recipients and others at the practice placement
• can apply up-to-date and evidence-based methods in training and care measures to promote independence in the service recipient in cooperation with other staff/professions
• can assess the risk of undesirable incidents and, in cooperation with staff at the practice placement, assess and, if relevant, implement measures to prevent such incidents
• can apply relevant forms of communication to communicate and document specialist knowledge adapted to the purpose and target group
• can demonstrate skills that promote cooperation with service recipients, colleagues and other involved parties

General competence

The student

• can demonstrate professional skills in accordance with the applicable suitability criteria
• can compare relevant academic and ethical issues related to social education practice and identify, reflect on and deal with such issues in their practice through professional judgement
• can reflect on his/her own professional practice and adjust it under supervision

Upon completion of the course, the candidate shall:

- have obtained an advanced and integrated understanding of fundamental drivers of value, and valuation techniques.

- have implemented and understood the use of this knowledge in practical settings.

- be able to apply the main valuation techniques to real companies, to form an informed opinion as to the fair value of a company.

- have increased competence in presenting and discussing complex corporate valuation issues in a challenging context.

- be able to take complex financial information and distil from this the information important for valuation.

- have confidence in conducting clear, written analyzes and presentation of fair value of a corporation or project towards investors, top management and board of directors.

- have completed demanding case work and presentations as constructive members of a student group.

- understand the need for a substantial effort and high precision needed to excel in a demanding roles of equity research analysts, management consultants or investment bankers.

After completing the course, the student should have the following overall learning outcomes defined in terms of knowledge, skills and general competence:

Knowledge

The student has

• a broad overview of different sources of risks and how they affect the cashflows and the value of the corporation
• knowledge about how to quantify those risks with popular risk measures
• knowledge of how to mitigate or eliminate the risk exposure with standard derivative contracts
• understanding of when risk management adds value to a corporation

Skills

The student can

• identify different sources of risks and quantify a corporation's exposure to them
• apply different estimation techniques to deal with the time-varying riskiness of financial time series
• calculate the impact of different risks using popular risk measures, e.g., Value-at-Risk, for individual positions and for entire portfolios or the entire corporation
• employ appropriate financial instruments to mitigate or eliminate the impact of the different sources of risks

General competence

The student

• is able to quantify and manage the risk of a corporation
• has a critical understanding of the limitations of the various techniques discussed in the course

All lectures, hand-ins and presentations are mandatory.

The following coursework requirements must have been approved in order for the student to take the exam:

• Coursework 1: Students have to do three to four assignments related to the material taught in class in groups of up to five people. Each assignment has a maximum amount of 10 pages. The assignments comprise exercises, short case studies, and small empirical analyses to deepen the understanding of the theories and apply them to real-world problems. The data projects can be carried out in Excel.

All required coursework must be completed and approved by the given deadline in order for the student to take the exam. If one or more coursework requirements have not been approved, the student will be given one opportunity to submit an improved version by a given deadline.

Grading on the A-E scale, and F for failing the course.

Through this course, students acquire insight into theories, analysis methods, instruments and institutional details relating to the functioning of modern financial markets. The first half of the course is devoted to modern portfolio theory, including the capital asset pricing model, multifactor models and the arbitrage pricing model. In the second half we will look at different class of financial products, including bonds, shares and derivatives.

Language of instruction is English.

In this course, students will integrate knowledge from previous courses and apply the social educator work model in practice. The students are to familiarise themselves with the framework for service provision and ensure user participation/provide decision-making support. Students gain experience of the importance of multidisciplinary and interprofessional cooperation in relation to complex issues. The main focus is on participant observation, assessment and testing to identify the need to facilitate change. The students are expected to actively participate in the planning, implementation and evaluation of training, health and care work. The target group is disabled persons and/or complex assistance needs.

The course VERPRA20 comprises a total of 2 weeks of seminars on campus, as well as 10 weeks of user oriented practical training in authentic work situations. The seminars take place before, during and after the practical training period. The focus of the seminars is adapted to where the student is in the practical training. Central elements in the seminars are the student role, guidance, synthesizing knowledge from various subjects earlier in the course, professional challenges the students face in practice, knowledge-based practice and written assignments.

The seminars are included in the number of credits for the course. The seminars will total approx. 10 days.

Approved required coursework in the second-year course VERB2300, and all other second-year courses must be passed.