In the light of developments in the world, risk management becomes one of the important topics for the companies and financial institutions. This course is intended to provide the students some insights into the concept of risk, consequences of risk, risk types, risk management process and risk management methods and tools . Enterprise Risk Management is also a top priority issue for companies with respect to corporate governance requirements and is one of the key functions to be managed by CEO and to be monitored by Board of Directors for the sustainability of financial results of the companies. It is intended that the students will follow the developments on an updated basis after finishing this course.
Prerequisite(s)
Course Code Course Name…
Corequisite(s)
Course Code Course Name…
Special Requisite(s)
English
Instructor(s)
Lecturer Dr. Gürol Baloğlu
Course Assistant(s)
Schedule
Tuesdays , Business Adm. Dept., 5 C 7-9
Office Hour(s)
Dr.Selda Eke, 2 hour before and 1 hour after the class
Teaching Methods and Techniques
- The weekly class presentations with explanations and discussion in the class. Some reading materaisl are presented . Mini case studies are added to weekly presentations .
Principle Sources
- Enterprise Risk Management , from Incentives to Control by James Lam , Wiley Finance , 2014
Other Sources
- PDF files, web site files from some risk management associations in the world ( IRM, AIRMIC )
Course Schedules
Week
Contents
Learning Methods
1. Week
Introduction : Overview of risks surrounding companies and individuals
Presentation ve class discussion
2. Week
Definition of risk , consequence of risk, some risk concepts, types of risks , enterprise risks
Objectives of risk management, principles of risk management
Presentation ve class discussion
5. Week
Wrap up
Class discussion
6. Week
Midterm
7. Week
Risk management process, risk identification, loss control, risk transfer and avoidance
Presentation ve class discussion, mini cases
8. Week
Risk control analytics, market risk management, the concept of VaR
Presentation ve class discussion
9. Week
Operational risks management, insurance as a risk management and risk control tool
Presentation ve class discussion
10. Week
Risk management, corporate governance , internal audit and internal control functions
Student presentations
11. Week
Supply chains risks and supply chain risk management (case study )
Student presentations
12. Week
Operational risk management ( case study), business continuity plans and disaster recovery plans
Student presentations
13. Week
Reputational risk and reputational risk management , risk culture
Student presentations
14. Week
Wrap up, discussion of learnings from the course
Class discussion
15. Week
16. Week
17. Week
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
25
Homework / Term Projects / Presentations
1
10
Program Outcomes
PO-1
Demonstrates a basic level of understanding in related disciplines (such as economics, sociology, psychology, quantitative sciences, etc.) that form a foundation for business administration, and makes use of and applies them to the field of business.
PO-2
Applies mathematical, scientific and social knowledge to business problems.
PO-3
Demonstrates a basic level of understanding in business functions and management (such as management, production, marketing, accounting, finance, human resources, behavioural sciences, etc.) and interprets the theoretical arguments focusing on interactions between the actors and the cultures in the field.
PO-4
Determines how to use acquired theoretical and practical knowledge and skills related to business in application and field analysis and applies them.
PO-5
Identifies and evaluates the relations in the field of business; describes the problems and presents analytical solutions through modelling and interpreting (critical thinking).
PO-6
Designs a business process in any functional stage that complies with identified objectives.
PO-7
Develops effective business communication skills (written-verbal/formal-informal).
PO-8
Owns effective working skills individually or on a team in business and multidisciplinary fields.
PO-9
Acts with a sense of professional and ethical responsibility.
PO-10
Improves effective verbal and written communication skills in English, and acquires competence in minimum one foreign language.
Learning Outcomes
LO-1
Awareness about the concept of risk in the light
LO-2
Gain insight into various type of risks in a way that the students can differentiate between various types of risks
LO-3
Enabling the students to see the interactions between the risk types
LO-4
Enabling the students to see the role of risk management with regard to the good governance of the companies.
LO-5
Enabling the students to see the methods and the tools to minimise risks and to transfer risks
LO-6
Enabling the students to understand the role and the importance of insurance with regard to the management and transfer of some operational risks
LO-7
Enabling the students to understand the link between effective risk management and reputational risk management
LO-8
Enabling the students to understand some risk management techniques that supports the companies to sustain the business performance such as business continuity plans or disaster recovery plans
