Off-Campus Learning Guide 2005
Business and Economics

Bachelor of Business (Risk Management)

Course code: 3158 + Course abbreviation: BBus(RiskMgt) + Off-campus (Caulfield) + Three years full-time, six years part-time + Course coordinator: Mr Michael Vincent+ Total credit points required: 144

This course provides students with the ability to analyse and assess complex risk management issues in business and government sectors. The degree recognises the fundamental importance of risk management in today's commercial world.

Majors and other studies in the degree

Students must complete a major specialisation in risk management.
Other studies may be drawn from any of the disciplines taught on the Caulfield campus by the Faculty of Business and Economics. These other studies can in some cases form a second major in a business discipline.
Up to six open electives may also be taken from other campuses or other Monash faculties.

Course structure

The degree requirements are:
(a) Inner core - completion of six compulsory units (36 credit points):

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

(b) Outer core - completion of six outer-core units (36 credit points), including the two compulsory units (12 credit points) listed below and a further four units (24 credit points) from the remaining units listed below:

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

(c) Strand - the following six units (36 credit points) are compulsory and complete a major specialisation in risk management:

• AFX1230 Introduction to risk
• AFX3021 Risk finance
• AFX3031 Risk transfer
• IND2903 Physical risk treatment
• AFX3141 Risk identification and mitigation
• ETX2011 Quantitative methods in risk analysis

(d) A total of 24 units (144 credit points) over a maximum of 10 years of study.
(e) A maximum of 10 first-year-level units (60 credit points).
(f) A minimum of six third-year-level units (36 credit points), of which at least four (24 credit points) must be from those offered by the faculty on the campus delivering this program.
(g) An option to include a maximum of six units (36 credit points) in disciplines taught by other Monash faculties or from units offered on campuses other than the campus delivering this program.
(h) At least two non-compulsory units (12 credit points) must be outside the main field of study.

Professional accreditation

This degree is recognised as meeting academic requirements for membership by the Australian Institute of Risk Management (AIRM). For all professional bodies, membership is dependent upon the correct choice of units by students.

Progression to further studies

Completion of the Bachelor of Business (Risk Management) will enable progression to an honours year and a variety of postgraduate courses either at Monash or other Australian or overseas universities. Details of specific postgraduate courses are available on inquiry from the faculty.

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