DCU Home | Our Courses | Loop | Registry | Library | Search DCU

Module Specifications..

Current Academic Year 2023 - 2024

Please note that this information is subject to change.

Module Title Risk Management
Module Code EF309
School DCUBS
Module Co-ordinatorSemester 1: Hiroyuki Kawakatsu
Semester 2: Hiroyuki Kawakatsu
Autumn: Hiroyuki Kawakatsu
Module TeachersAnn Largey
Claire Kearney
Hiroyuki Kawakatsu
Liam Gallagher
Rhea George
Raymond Whelan
NFQ level 8 Credit Rating 5
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None

To purpose of this module is to develop students knowledge of the tools and techniques of managing financial and other forms of risk in the modern business environment - to include sovereign institutions as well as financial and non-financial corporations. In this module students will develop their knowledge of the risk management function as well as the principal risk management instruments and strategies. Students will develop the skills to value such instruments and strategies. This module is delivered through a combination of weekly lectures and on-line learning tools, including moodle quizes. Students are expected to attend lectures and to engage in on-line learning and research activities on a regular basis. In addition students will undertake problem sets and read recommended expert articles.

Learning Outcomes

1. Describe forms of financial risk facing governments, financial and non-financial corporations, and recommend risk management strategies and solutions to counter these risks.
2. Evaluate arguments for and against hedging foreign exchange rate risk.
3. Evaluate interest rate risk management metrics and interest rate risk management securities and strategies, including interest rate derivatives
4. Critique methodologies for the management of other types of risk such as value at risk, Creditmetricsâ„¢, and to evaluate recent innovations in product development for risk management.
5. Explain the risk management issues that arise out of the relationship between individual economic agents, corporates and government within the global economy, and suggest appropriate policy responses.

Workload Full-time hours per semester
Type Hours Description
Lecture24No Description
Independent Study20Moodle quiz
Independent Study21Problem sets
Independent Study10Library work
Independent Study20Research
Directed learning15Preparation, research and writing up assessment
Directed learning15Preparation for examination
Total Workload: 125

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Introduction to the Risk-management Environment
This section will introduce the principal characteristics of financial and other related forms of risk facing sovereigns and corporates. It will look at the objectives of the risk management function within such institutions

Foreign Exchange Risk
This section will examine the forms of foreign exchange exposure and evaluate the tools and techniques for managing this exposure from a number of different perspectives.

Interest Rate Risk
This section will explain how to define and measure interest rate risk across a variety of institutional perspectives. It will enable students evaluate these risks as well as the tools and instruments to counter this risk.

This section introduces volatility and some classic models of volatility, ARCH and GARCH, EWMA , and considers their applications in risk management.

Market Risk & Related
This section extends students understanding of risk management by defining other forms of risk such as market risk and credit risk. It will present and critique methodologies for dealing with such risk such as value-at-risk (VaR), credit value-at-risk, Cat bonds and credit risk derivatives and will examine valuation tools for such instruments.

Risk Management and Moral hazard
This section looks at the relationship between individual economic agents and sovereign and institutional interests within the economy in the context of risk management and moral hazard. It also examines the theoretical framework for regulation and policy response.

Assessment Breakdown
Continuous Assessment50% Examination Weight50%
Course Work Breakdown
TypeDescription% of totalAssessment Date
AssignmentRisk management analysis. Individual assignment delivered in report form50%Week 27
Reassessment Requirement Type
Resit arrangements are explained by the following categories;
1 = A resit is available for all components of the module
2 = No resit is available for 100% continuous assessment module
3 = No resit is available for the continuous assessment component
This module is category 1
Indicative Reading List

  • Hull, J: 2018, 'Risk Management and Financial Institutions', 5th, Pearson International,
Other Resources

Programme or List of Programmes
AFBA in Accounting and Finance
AFUAge Friendly University Programme
BSBachelor of Business Studies
BSEBachelor of Business Studies (Exchange)
BSIBusiness Studies ( with INTRA )
BSSAStudy Abroad (DCU Business School)
BSSAOStudy Abroad (DCU Business School)
EBBA in Global Business
EBCBA in Global Business (Canada)
EBFBA in Global Business (France)
EBGBA in Global Business (Germany)
EBSBA in Global Business (Spain)
EBTBA in Global Business (USA)
ECSAOStudy Abroad (Engineering & Computing)
HMSAStudy Abroad (Humanities & Soc Science)
HMSAOStudy Abroad (Humanities & Soc Science)
INTBBachelor Business Studies International
SHSAStudy Abroad (Science & Health)
SHSAOStudy Abroad (Science & Health)
Date of Last Revision29-APR-10

My DCU | Loop | Disclaimer | Privacy Statement