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Unit of study_

AMME5105: Risk Management Analysis

Syllabus covers methods involved in quantifying and measuring risk. Risk measurement techniques; Risk factors; Linear and nonlinear risks; Volatility; Scenario analysis; Stress testing; Value at risk (VAR) frameworks and their limitations. Comparison will be made to real word outcomes using case studies. The handling of "unknown unknowns" and how to incorporate these into a risk analysis will be investigated. An introduction to common financial instruments will be presented.

Details

Academic unit Aerospace, Mechanical and Mechatronic
Unit code AMME5105
Unit name Risk Management Analysis
Session, year
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Semester 1, 2021
Attendance mode Normal day
Location Remote
Credit points 6

Enrolment rules

Prohibitions
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None
Prerequisites
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None
Corequisites
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None
Available to study abroad and exchange students

Yes

Teaching staff and contact details

Coordinator Rod Fiford, rod.fiford@sydney.edu.au
Lecturer(s) Roger Saul Cohen , roger.cohen@sydney.edu.au
Type Description Weight Due Length
Final exam (Take-home extended release) Type E final exam Final exam
Take home 48 hour exam
30% Formal exam period 48 hours
Outcomes assessed: LO1 LO4 LO3
Participation Active class participation
Students are expected to actively participate in class discussions
15% Ongoing N/A
Outcomes assessed: LO1 LO3
Assignment Assignment 1
Assignment 1
10% Week 04
Due date: 28 Mar 2021
2-4 pages
Outcomes assessed: LO1 LO4 LO3
Assignment group assignment Project preliminary report
Project preliminary report
5% Week 07
Due date: 25 Apr 2021
2-4 pages
Outcomes assessed: LO1 LO3 LO2
Assignment Assignment 2
Assignment 2
10% Week 08
Due date: 02 May 2021
2-4 pages
Outcomes assessed: LO1 LO3 LO4
Assignment Assignment 3
Assignment 3
10% Week 12
Due date: 30 May 2021
2-4 pages
Outcomes assessed: LO1 LO3 LO4
Presentation group assignment Project presentations
Project final presentations
10% Week 13
Due date: 10 May 2021
8-10 minutes
Outcomes assessed: LO2
Assignment group assignment Project final report
Project final report
10% Week 13
Due date: 06 Jun 2021
8-20 pages
Outcomes assessed: LO1 LO2 LO3 LO4
group assignment = group assignment ?
Type E final exam = Type E final exam ?

Students will discuss and analyse a variety of case studies and scenarios as part of their weekly sessions. Assignments/presentations will consist of a combination of individual and group work.

The Final Exam will be calculation and short answer based.

Assessment criteria

Final grades in this unit are awarded at levels of HD for High Distinction, DI (previously D) for Distinction, CR for Credit, PS (previously P) for Pass and FA (previously F) for Fail as defined by University of Sydney Assessment Policy. Details of the Assessment Policy are available on the Policies website at http://sydney.edu.au/policies . Standards for grades in individual assessment tasks and the summative method for obtaining a final mark in the unit will be set out in a marking guide supplied by the unit coordinator.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

This unit has an exception to the standard University policy or supplementary information has been provided by the unit coordinator. This information is displayed below:

5% per day or part thereof.

Special consideration

If you experience short-term circumstances beyond your control, such as illness, injury or misadventure or if you have essential commitments which impact your preparation or performance in an assessment, you may be eligible for special consideration or special arrangements.

Academic integrity

The Current Student website provides information on academic honesty, academic dishonesty, and the resources available to all students.

The University expects students and staff to act ethically and honestly and will treat all allegations of academic dishonesty or plagiarism seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic dishonesty. If such matches indicate evidence of plagiarism or other forms of dishonesty, your teacher is required to report your work for further investigation.

WK Topic Learning activity Learning outcomes
Ongoing Students are required to undertake independent learning and study Independent study (90 hr) LO1 LO3 LO4
Week 01 Note - content and timings may vary as we are reliant on commitment from external practitioners. Course introduction, context and background. Overview of business and financial risk. How financial and business risk relate to engineering Lecture and tutorial (3 hr) LO1 LO3
Week 02 Tutorial exercise TBA Tutorial (3 hr) LO1 LO4
Week 03 Introduction to financial instruments. Valuation, volatility and hedging. Introduction to risk appetite and your personal attitude to risk. Behaviour and risk taking; Preparation for group work Lecture and tutorial (3 hr) LO1 LO2 LO3
Week 04 External industry practitioner (tbc) - Business Risk Management. Equities, bonds and futures; Finalising group work topics for approval Lecture and tutorial (3 hr) LO1 LO2 LO3
Week 05 Risk as an engineering system. Quantifying. risks. Stress testing Lecture and tutorial (3 hr) LO1 LO3 LO4
Week 06 Risk as an engineering system, quantifying, risks, Value at risk (VAR), stress testing, hedging Lecture and tutorial (3 hr) LO1 LO3 LO4
Week 07 Asset liability management, the treasury function, foreign exchange Lecture and tutorial (3 hr) LO1 LO3
Week 08 Industry sectors 1 Lecture and tutorial (3 hr) LO1 LO3 LO4
Week 09 Industry sectors 2; External industry practitioner - trading/dealing room risk Lecture and tutorial (3 hr) LO1 LO3 LO4
Week 10 Industry practitioner TBC Lecture and tutorial (3 hr) LO1 LO3
Week 11 Insurance. Hedging and managing risk. Lecture and tutorial (3 hr) LO1 LO2 LO3
Week 12 Case studies. Lecture and tutorial (3 hr) LO1 LO3
Week 13 Revision and exam preparation. Lecture and tutorial (3 hr) LO1 LO3 LO4

Attendance and class requirements

Students are required to attend and actively participate in class sessions.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University’s graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. determine acceptable levels of financial risk and ways to manage or mitigate where unacceptable
  • LO2. complete and properly document a group project, partake in group discussions and be able to articulate and present your work and generate and answer questions from the audience
  • LO3. understand industry practice around risk quantification
  • LO4. perform calculations to quantify risk under various scenarios.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9
Minor modifications to assessment task weightings

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.