ETF2011 - Quantitative methods for risk analysis

Overview

This unit presents the basis techniques of quantitative risk analysis. Risk identification and measurement techniques most commonly used in industry are discussed, including descriptive statistics. The basic rules of probability are presented in practical contexts and as the foundation for the study of probability distributions - themselves the foundations of … For more content click the Read More button below.

This unit presents the basis techniques of quantitative risk analysis. Risk identification and measurement techniques most commonly used in industry are discussed, including descriptive statistics. The basic rules of probability are presented in practical contexts and as the foundation for the study of probability distributions - themselves the foundations of risk analysis models. Finally, spreadsheet models of practical situations are developed and evaluated, using simulation methods.

Requisites

Prerequisite

Business and economic statistics

Business and economic statistics

FIT1006

6 CP

Business information analysis

SCI1020

6 CP

Introduction to statistical reasoning

STA1010

6 CP

Statistical methods for science

Prohibition

Contacts

Chief Examiner(s)

Mr Bruce Stephens

Notes

This unit is not offered in 2020.

Assessment summary

Within semester assessment: 30% + Examination: 70%

Workload requirements

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.