Off-Campus Learning Guide 2004
Business and Economics

Bachelor of Business (Risk Management)

Course code: 3158 + Course abbreviation: BBus(RiskMgt) + Caulfield + Three years full-time, six years part-time + Course coordinator: Mr Michael Vincent+ Total credit points required: 144 + Attendance not required

General course information

The Australasian Risk Management Unit offers people who are unable to attend formal tertiary institutions the opportunity of undertaking this highly sought-after degree by off-campus learning.

This tagged degree is designed to provide a degree structure with a major sequence of units in the area of risk management. It recognises the fundamental importance of risk management in today's commercial world and seeks to provide graduates with extended skills in these areas. It will also prepare them for the range of increasingly complex risk management issues they will face when employed in many areas of business and in government agencies.
The Bachelor of Business (Risk Management) provides a well-targeted, relevant course designed to meet the real-world needs of students and a wide-range of potential employers.

Majors

Students must complete a major sequence in risk management.

Supporting studies available

Supporting studies can be chosen from the other disciplines taught by the Faculty of Business and Economics or any other faculty. These supporting studies can, in some cases, form a second major in a business discipline.

Special requirements

PC requirements

To successfully complete the units to a high standard, it is becoming increasingly essential to have access to a Pentium 2 computer (or at a minimum, a Pentium 166 with Windows 95 or later), as a portion of the learning is via interactive tutorial disks. Students undertaking Business statistics will need to have access to an IBM-compatible computer and the spreadsheet package EXCEL (version 97 or above).

Course structure

The course is offered on a part-time basis only and is of six years duration by off-campus learning. Students are expected to undertake two units per semester and pass the equivalent of 24 semester units to be awarded the degree. Each semester is of 13 weeks' duration.

Inner core

• AFF1110 Accounting for financial decision making
• BTF1010 Commercial law
• ECF1100/ECF2100 Microeconomics
• ETX1100 Business statistics
• MGF1010 Managing people and organisations
• MKF1120 Marketing theory and practice

Outer core

Six units (two of which are compulsory) selected from:

• AFF1300 Money and capital markets
• AFF2631 Financial management (compulsory)
• BTF2220 Corporations law and trusts
• BTF3931/BTF2931 Taxation law
• ECF1200/ECF2200 Macroeconomics (compulsory)
• ETX2121 Data analysis in business
• MGF2661 Human resource management
• MGF3401 Strategic management
• MKF2111 Buyer behaviour
• MKF3141 Issues in competitive advantage

Strand

The following six units specific to risk management:

• AFX1230 Introduction to risk
• AFX3021 Risk finance
• AFX3031 Risk transfer
• IND2903 Physical risk treatment
• AFX2021 Risk identification and mitigation
• ETX3011 Quantitative methods in risk analysis

Electives

In addition to the above 18 units in the 144-point program, students must choose six electives from any discipline within any faculty, subject to approval from other faculties. The following regulations must also be observed:

• the number of first-year-level units must not exceed 10 (60 points)
• a minimum of six third-year-level units (36 points) must be taken, of which at least four must be from those offered by the faculty on the campus delivering the program
• at least two (12 points) of the open electives must be taken outside the main field of study.

Course plan

The sequence of units for off-campus learning study is set out below.

Professional recognition

This degree satisfies the educational requirements for associate fellow status with the Australasian Institute of Risk Management.

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