Risk Management in the Global Economy Course - SOAS University of London

General

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Read more about this program on the school's website

Program Description

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What is risk? This free course examines the financial markets and the role that risk management tools play in the global economy.

Why join the course?

What is risk? Why does it matter, to us and to the financial markets? What are the principles that drive the management of risk? Can we ensure that these principles are implemented wisely?

This free online course will look at risk management in its broadest terms, giving you the opportunity to evaluate the crucial role played by risk in the global economy, both in terms of its opportunities and its potential dangers.

Understand financial investments and the associated risks

With experts from the Centre for Financial and Management Studies at SOAS University of London, you’ll look at practical examples of financial investments, to examine:

  • The main functions of finance and of risk management.
  • The main forms of financial investment, such as stocks and bonds, derivatives, futures and options, hedging and speculation strategies.
  • How firms hedge risk by using financial derivatives.
  • How risk management is applied in the financial and in the non-financial sector.

Learn how the financial crisis and emerging markets are changing risk management

The course will explore how finance has changed in recent years, and ask if these changes have resulted in a greater systemic risk for the financial sector and for the economy as a whole. By examining concepts such as behavioural finance, we’ll ask if inappropriate risk management has exacerbated the recent financial crisis.

Finally, we’ll turn our attention to new and emerging markets. For example, how is risk managed in Islamic finance? How might common tools alter risk in investment positions in mature markets as well as in the banking sector? And how can firms utilise risk management tools most effectively?

By the end of the four-week course, you’ll be able to:

  • Understand financial markets and the principles of risk management.
  • Understand the main types of risk and evaluate the methods and tools used by firms to manage risks.
  • Examine ideas and methods used in the analysis of portfolios of financial securities, including stocks and bonds.
  • Explain the use of financial derivatives for hedging (reducing risk) and speculation (increasing risk) in financial markets.
  • Evaluate the application of risk methods and risk management tools in the global economy.

What topics will you cover?

  • Understanding risk management.
  • Understanding financial investment, including stocks and bonds, derivatives, futures and options, hedging and speculation strategies.
  • Measuring and monitoring risk, including managing portfolios and calculating risk and returns.
  • Applications of risk management.

When would you like to start?

Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts.

  • Available now

What will you achieve?

By the end of the course, you‘ll be able to:

  • Understand and explain financial markets and the principles of risk management.
  • Understand the main types of risk and evaluate the methods and tools used by firms to manage risks.
  • Examine and explain ideas and methods used in the analysis of portfolios of financial securities, including stocks and bonds.
  • Explain the use of financial derivatives for hedging (reducing risk) and speculation (increasing risk) in financial markets.
  • Evaluate the application of risk methods and risk management tools in the global economy.

Who is the course for?

The course offers a broad overview of risk and will be of interest to those looking to better understand financial instruments and their impact on the global economy.

This is a general level course, however, some knowledge of economics or finance may be useful.

Who will you learn with?

Pasquale Scaramozzino

I am a Professor of Economics in the School of Finance and Management at SOAS, University of London. My main research interests are in financial economics, macroeconomics and applied econometrics.

Hong Bo

Hello, I am a professor in Financial Economics at the School of Finance & Management, SOAS University of London. I teach Risk Management course on campus. My research covers topics in financial-economic.

Who developed the course?

SOAS University of London

SOAS, University of London is the only Higher Education institution in Europe specialising in the study of Asia, Africa and the Near and Middle East.

Join this course

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Join free and you will get:

  • Access to this course for 6 weeks

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  • Access to this course for as long as it’s on FutureLearn
  • Access to this course’s tests as well as a print and digital Certificate of Achievement once you’re eligible

Buy Unlimited and you will get:

  • Access to this course, and hundreds of other FutureLearn short courses and tests for a year
  • A printable digital Certificate of Achievement on all short courses once you’re eligible
  • The freedom to keep access to any course you've achieved a digital Certificate of Achievement on, for as long as the course exists on FutureLearn
  • The flexibility to complete your choice of short courses in your own time within the year
Last updated Oct 2020

About the School

Learn 100% online with world-class universities and industry experts. Develop your career, learn a new skill, or pursue your hobbies with flexible online courses.

Learn 100% online with world-class universities and industry experts. Develop your career, learn a new skill, or pursue your hobbies with flexible online courses. Read less
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