Not available in 2017/18
FM321      Half Unit
Risk Management and Modelling

This information is for the 2017/18 session.

Teacher responsible

Dr Jon Danielsson


This course is compulsory on the BSc in Finance. This course is not available as an outside option nor to General Course students.


Students must have completed Principles of Finance (FM212), Mathematical Methods (MA100) and Elementary Statistical Theory (ST102).

Course content

This course will develop the fundamental concepts of risk management, such as value at risk, drawdowns, portfolio insurance, hedging, and risk measurement. Students will become familiarised with these tools through an extensive set of computer (Matlab) exercises.


20 hours of lectures and 10 hours of lectures in the MT.

Formative coursework

Students will be expected to produce 10 problem sets in the MT.

Indicative reading

J Danielsson, Financial Risk Forecasting: The Theory and Practice of Forecasting Market Risk


Exam (100%, duration: 1 hour and 30 minutes) in the main exam period.

Key facts

Department: Finance

Total students 2016/17: Unavailable

Average class size 2016/17: Unavailable

Capped 2016/17: No

Value: Half Unit

Guidelines for interpreting course guide information

PDAM skills

  • Problem solving
  • Application of information skills
  • Application of numeracy skills
  • Commercial awareness