Off-Campus Learning Guide 2004
Business and Economics

Master of Risk Management

Course code: 3153 + Caulfield campus + Normally three years part-time + Course director: Mr Michael Vincent + Total credit points required: 72 + Attendance not required

General course information

The objectives of the course are to:

• provide a rigorous and theoretical grounding in the disciplines of accounting, risk management, economics, econometrics, management, marketing, law, information technology, engineering, and science
• develop analytical and technical skills to assist in problem-solving in the workplace
• provide a course of direct relevance to government, business and non-government organisations that have extensive relationships with the international economy
• be familiar with current practices in risk management and be aware of future directions and developments
• know how to influence corporate policy and facilitate the integration of risk management into database development and management
• improve critical thinking and problem-solving in risk management
• recognise how to use risk management concepts to create competitive advantage for the firm by thinking about the customer as a long-term asset
• demonstrate the capacity to synthesise and communicate risk management knowledge effectively when analysing and solving business problems
• appreciate the need for independent learning, adaptability and continuing education to meet the demands of the constantly changing environment in which business operates
• be ready for professional business engagement in terms of practical knowledge and technical competence in areas of risk management

Entry requirements

Applicants must have a pass degree or equivalent qualification from a recognised tertiary institution; or an executive certificate offered by the faculty with an average grade of credit or above, and a minimum of two years of relevant employment experience.

Special requirements

Students should 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 ETX9520 may need to have access to an IBM-compatible computer and the spreadsheet package Excel (version 97 or above).

Attendance

Students have the option of attending three weekend sessions per unit per semester which are currently available in Melbourne and Sydney.

Course structure

The masters degree is offered on a part-time basis only and is of three years' duration by off-campus learning. Students are expected to undertake two units per semester and pass the equivalent of 12 units to be eligible for the award of Master of Risk Management.

Year one, first semester

• AFF9020 Introduction to risk principles
• AFF9770 Risk financing and treasury management

Year one, second semester

• BTF9760 Risk control and the law
• ETX9520 Quantitative methods for risk analysis

Year two, first semester

• BTF4031 Insurance law
• Level 4 elective

Year two, second semester

• AFF4031 Principles of risk transfer
• Level 4 elective

Year three, first semester

• AFF5011 Issues in risk management
• Level 5 elective

Year three, second semester

• AFF5021 Case studies in risk management
• Level 5 elective

Professional recognition

Completion of the Master of Risk Management will satisfy (in the area of risk management) the educational requirements for the Australian Institute of Risk Management and allow admission at the level of member.

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