Lee Kong Chian School of Business at Singapore Management University
Risk Management
This course will introduce the study on the management of risks in a corporate setting. In recent years, risk management has come to be associated with financial engineering and derivatives in the financial markets. This is due to several spectacular failures by firms and individuals using derivatives. As such, market participants and academics have renewed interest on risk management as a corporate decision making process. This course will examine the risk management process. Questions such as: what risk is, how it can be measured and transferred, why individuals care about risk, and why corporations care about risk will be examined. Topics include risk identification and measurement, pooling arrangement and diversification of risk, risk aversion and management. Modern risk management concepts such as Value-at-Risk, credit risk models and default risk models will also be discussed.
Tags: Courses . Programs, identification, Lee Kong Chian School of Business, Management, MSc in Finance, process, Risk Management, Singapore, Singapore Management University
Category : Lee Kong Chian School of Business
Leave a Reply
Lee Kong Chian School of Business at Singapore Management University
Term 3
Advanced Portfolio Management
Electives:
Bank Risk Management
Advanced Corporate Finance
Corporate Risk Management
Corporate Strategy & Financial Performance
Financial Risk Management
Hedge Fund Management
Investment Advisory Service & Wealth Management
Private Equity and Venture Capital Investing
Structured Products
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Financial Risk Management
This module focuses on risk management in multinational corporations and financial institutions. Module covers major areas such as foreign exchange, money market instruments, Euro-markets exchange, traded instruments versus O-T-C products, derivative products, understanding the corporation's risk exposure, issues in measurement of exposure, risk management in treasury operations and asset/liability management in financial institutions.
Course of MSc in Finance Lee Kong Chian School of Business at Singapore Management University
Research Foundation Courses
Four research foundation courses are given in Term 1.
Econometrics
Microeconomics
Corporate Finance
Empirical Finance
Each course meets three hours per week during the Term.
Bachelor of Business Management
MBA – Master of Business Administration
MSc in Applied Finance
MSc in Applied Finance (China)
MSc in Finance
MSc in Management
MSc in Operations Management
MSc in Wealth Management
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Corporate Finance
This course aims to provide students with a basic understanding of Corporate Finance. Students will be exposed to key financial concepts and tools commonly used by managers in making sound financial decisions. These include time value of money, risk-return trade-off analysis and cost of capital. The course also reviews the basic financial activities undertaken by firms to create value for its shareholders. These activities include investing, financing and dividend policy.
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Bank Risk Management
Banks in many countries are embracing a new approach to risk management. Commonly termed Basel II, it requires banks to move away from unvalidated human judgments to testable and verifiable empirical methods in assessing risk, especially credit risk. Countries that cannot meet with the deadline may have a few years of grace period but would eventually have to adopt this new approach. Basel II prescribes specific definitions and parameters that banks have to use for risk measurement. The
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Corporate Risk Management
This course examines techniques and issues in corporate credit risk analysis. The various economic, business and financial factors that affect corporate credit quality will be discussed, as will the evaluation of a corporation’s debt servicing ability and likelihood of default. Topics will include: business and financial risk analysis, debt covenants, seniority and security structures, parental support, structural subordination, credit scoring and credit rating models, recovery prospects, credit analysis of multi-business conglomerates, and structured finance. Practical illustrations and case studies will be used
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Hedge Fund Management
This course will provide an overview and a framework for hedge fund management. Topics will include: hedge fund objectives, institutional features, statistical and econometric concepts, hedge fund strategies, fund of hedge funds, risk management, performance measurement and compensation issues.
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Structured Products
This course will cover the use of structured products by fund managers for investment. These products include convertible bonds, mortgaged-backed securities, option-embedded bonds, equity-linked notes, dual currency options, reverse floaters and similar forms of innovative financial instruments. Participants will obtain a good understanding of the risk and return of these products, and their use in portfolio management.
Lee Kong Chian School of Business at Singapore Management University
Information Economics in Finance / Market Microstructures
This course will introduce both the theory and empirical analysis of information economics and market microstructure. Topics include rational expectations and dynamic rational expectations models, information asymmetry and market imperfections, inventory models, Kyle's model on strategic traders, noise, and risk neutral specialists, insider trading, bid-ask spread, liquidity, information disclosure, trading mechanism, speculative bubbles, and investor herding behaviour.
Lee Kong Chian School of Business at Singapore Management University
Microeconomics (Common Research Foundation Course for MSc in Finance)
This course covers the main building blocks of modern economic analysis. It covers topics such as consumer behaviour and the theory of demand; production, cost, and supply functions; choices under uncertainty; competitive equilibrium; monopoly, price discrimination, monopolistic competition, oligopoly, duopoly models; game theory; factor demands; general equilibrium theory and welfare economics; information theory; externalities and public goods.
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Econometrics (Common Research Foundation Course forMSc in Finance)
This course covers the basics of regression methods applied to the analysis of economic data. It focuses on the fundamental assumptions in the setup of an econometric model, the estimation techniques (ordinary least squares and generalised least squares) and their properties under correct and incorrect assumptions (serial correlation, heteroscedasticity, omitted variable, multicollinearity and measurement errors), and the model diagnostics and selection methods. Both time series and cross section data are discussed. Basic knowledge in statistics, calculus
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Advanced Fixed Income Analysis
This course is the continuation of Fixed Income Analysis. This module focuses on fixed-income derivatives and risk management. Valuation models on fixed-income securities with embedded options, such as callable and convertible bonds, will be discussed in detail. Issues in securitisation, asset-backed securities and options pricing theory with applications to fixed-income market will be covered.
Lee Kong Chian School of Business at Singapore Management University
Term 1
Financial Statement Analysis 1
Financial Statement Analysis 2
Economic Analysis
Quantitative Methods and Statistics
Corporate Finance
Fixed Income Analysis
Derivatives Analysis
Equity Analysis and Portfolio Management
Lee Kong Chian School of Business at Singapore Management University
Quantitative Finance
Compulsory Courses
1. Linear Algebra and Regression
2. Differential Equations
3. Real Analysis
4. Probability Theory and Statistical Inference**
5. Structured Finance
6. Investment and Financial Data Analysis
7. Stochastic Calculus and Finance Theory*
8. Numerical Methods*
9. Global Financial Risk Management
10. IS Software Foundations
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Advanced Equity Analysis
This course is the continuation of Equity Analysis. This module examines various advanced equity valuation models introduced to price cyclical bankrupt and private firms. Risk-return relationship and asset pricing models will be introduced. Empirical evidence on asset pricing theories as well as the effect of corporate announcements (e.g. bond rating changes, going private transactions, public and private equity placements) on stock prices will be discussed.
MSc in Applied Finance Course Lee Kong Chian School of Business at Singapore Management University
Advanced Corporate Finance
This course aims to provide students with an advanced coverage of Corporate Finance. It answers three issues facing every business corporation: investment, financing/dividend and operational decisions. The course will equip students with conceptual and analytical skills necessary to make both routine and non-routine financial decisions. It will cover advanced topics such as optimal capital structure, IPOs, Mergers & Acquisitions, Corporate Restructuring and Value Creation. Cases will be used to illustrate the concepts and tools introduced in the course.
Lee Kong Chian School of Business at Singapore Management University
Term 2
Financial Statement Analysis 3
Advanced Quantitative and Economic Analysis
Advanced Equity Analysis
Advanced Fixed Income Analysis
Advanced Derivatives Analysis
Financial Modeling
MSc in Applied Finance Course Lee Kong Chian School of Business at Singapore Management University
Financial Statement Analysis 1
This module provides an introduction to key accounting concepts and knowledge. Accounting objectives, conventions and standards, and the rules that govern disclosure are examined. Other topics include ratio and cash flow analysis, analysis of inventories and analysis of long-lived assets.
MSc in Applied Finance Course Lee Kong Chian School of Business at Singapore Management University
Financial Statement Analysis 2
This is a continuation of Financial Statement Analysis 1. Topics in this module include analysis of financing liabilities, analysis of off-balance sheet activities and hedging transactions, accounting for pensions and income taxes, and international accounting differences and their effect on financial statements.
Lee Kong Chian School of Business at Singapore Management University
Corporate Finance
This course will survey the most important theoretical concepts in the field of corporate finance. Topics include capital structure decisions, corporate payout policy (dividend policy), security design, initial public offering, agency problems in the firm, optimal financial contracting, bankruptcy and financial distress, mergers and acquisition and the market for corporate control, and issues in corporate governance. The structure of this course is to synthesise key empirical and theoretical papers. The objective is to expose students with influential papers and discuss new or current research.
Lee Kong Chian School of Business at Singapore Management University
Finance
Compulsory Courses
1. Corporate Reporting & Analysis of Financial Statements
2. Financial Instruments, Institutions & Markets
3. Any 3 Finance Electives under the subject area of FNCE (i.e. course code starting with FNCE)
Examples of Finance Electives :
1. Analysis of Derivative Securities
2. Analysis of Equity Investments
3. Analysis of Fixed-Income Investments
4. Corporate Finance
5. Entrepreneurial Finance
6. Financial Risk Management
7. International Finance
8. Investment Banking
9. Portfolio Management
10. Wealth Management
MSc in Applied Finance Course Lee Kong Chian School of Business at Singapore Management University
Economic Analysis
This module covers the principles of microeconomic and macroeconomic analysis, with particular reference to economic management and the financial markets. Our aim is to learn theories in order to apply them in analysis. Topics in microeconomics include supply and demand, competition and monopoly, externalities and the new IT economy. Topics in macroeconomics includes growth, trade, cycles and the recent developments in the rational expectation theory.
Course of MSc in Applied Finance Lee Kong Chian School of Business at Singapore Management University
Advanced Derivatives Analysis
This module builds on and extends the coverage of the basic module Derivatives Analysis. The basic concepts will be reinforced with some degree of modelling skills including the building of simple PDEs using Ito's lemma. Some ideas of extension of Black-Scholes and other adaptations to different commodities and financial instruments will be provided. More sophisticated theories such as forwards versus futures pricing, and interest rate swaps versus interest rate futures will be covered. Interest rate derivatives such as caps, floors, and others
Lee Kong Chian School of Business at Singapore Management University
Programme Duration
The MSc in Wealth Management programme is an intensive and structured programme with 5 modules. Each module requires a residential study period of 2 full weeks. Over 12 months, participants will complete 21 courses including an Advanced Study Project (ASP), to meet the academic requirements of the MSc in Wealth Management Degree awarded by the Singapore Management University.
In brief,
Total programme duration: 12 months
5 modules with duration of 2 weeks each