Financial Risk Management

Module: Financial Risk Management (6 Credits)
Name in diploma supplement	Financial Risk Management
Responsible	Prof. Dr. Rüdiger Kiesel
Admission criteria	See exam regulations.
Workload	180 hours of student workload, in detail: Attendance: 60 hours Preparation, follow up: 120 hours
Duration	The module takes 1 semester(s).
Qualification Targets	At the end of this course, Students will be able to demonstrate that they can: understand the core principles of quantitative risk management. understand mathematical and statistical techniques used in risk management. use Monte-Carlo methods for risk measure calculations. apply the theoretical principles discussed in class to real-world problems. apply the knowledge gained to current problems in academic research. recapitulate topics discussed in class. discuss issues in the field of risk and bank management both in German and English. communicate and debate topics of the lecture in a structured and professional way.
Module Exam	Final written exam (60-90 minutes). Die Prüfung in diesem Modul darf nicht abgelegt werden, wenn "Risikomanagement I" bereits bestanden ist.
Usage in different degree programs	BWL EaF Master > Pflichtbereich > 1.-2. Sem, Compulsory ECMX Master > Wahlpflichtbereich > ME5 Economics > 1.-3. Sem, Elective LA gbF/kbF BK Master > Masterprüfung in der großen beruflichen Fachrichtung > Wahlpflichtbereich BWL, VWL, Recht, Statistik > Bereich BWL > 1.-3. Sem, Elective LA gbF/kbF BK Master > Masterprüfung in der kleinen beruflichen Fachrichtung > Finanz- und Rechnungswesen, Steuern > Wahlpflichtbereich Kleine berufliche Fachrichtung "Finanz- und Rechnungswesen, Steuern" > 1.-3. Sem, Elective MedMan MedGW Master > Wahlpflichtbereich I > Bereich BWL > 1.-3. Sem, Elective MedMan WiWi Master > Wahlpflichtbereich II > Bereich BWL > 1.-3. Sem, Elective MuU Master > Wahlpflichtbereich III > Wahlpflichtbereich III A.: Märkte und Unternehmen aus Unternehmensperspektive > 1.-3. Sem, Elective VWL Master > Wahlpflichtbereich II > 1.-3. Sem, Elective WiInf Master > Wahlpflichtbereich > Wahlpflichtbereich II: Informatik, BWL, VWL > Wahlpflichtmodule der Betriebswirtschaftslehre > 1.-3. Sem, Elective WiMathe Master > VWL-Energie > 1.-4. Sem, Elective
Elements	Lecture Financial Risk Management (3 Credits) Exercise Financial Risk Management (3 Credits)
Module: Financial Risk Management (WIWI‑M0676)

Lecture: Financial Risk Management (3 Credits)
Name in diploma supplement	Lecture Financial Risk Management
Organisational Unit	Lehrstuhl für Energiehandel und Finanzdienstleistungen
Lecturers	Prof. Dr. Rüdiger Kiesel
Hours per week	2	Language	English
Cycle	winter semester	Participants at most	###LABEL_NOLIMIT###
Preliminary knowledge Good knowlede in the field of statistics and econometrics
Contents Regulation: Basel II/III, Sovency II Risk Categories Risk Measurements Valuation of Options, "Greeks" Hedging Strategies
Literature Bingham, N.H. & Kiesel, R.: Risk Neutral Valuation, 2nd edition, Springer, 2004. Hull, J.: Risikomanagement, 2. Auflage, Pearson Studium, 2011. Jorion, P.: Value-at-Risk, 3rd edition, McGraw-Hill, 2009. Hull, J.: Optionen, Futures und andere Derivate, 7. Auflage, Pearson Studium, 2009
Teaching concept Presentation, Discussion, Case Studies
Lecture: Financial Risk Management (WIWI‑C0827)

Exercise: Financial Risk Management (3 Credits)
Name in diploma supplement	Exercises Financial Risk Management
Organisational Unit	Lehrstuhl für Energiehandel und Finanzdienstleistungen
Lecturers	Prof. Dr. Rüdiger Kiesel
Hours per week	2	Language	English
Cycle	winter semester	Participants at most	###LABEL_NOLIMIT###
Preliminary knowledge Good knowlede in the field of statistics and econometrics
Contents Regulation: Basel II/III, Sovency II Risk Categories Risk Measurements Valuation of Options, "Greeks" Hedging Strategies
Literature See lecture.
Teaching concept Presentation, Discussion, Case Studies
Exercise: Financial Risk Management (WIWI‑C0829)