Undergraduate handbook 2005 - Business and Economics

Bachelor of Business (Risk Management)

Course code: 3158 + Course abbreviation: BBus(RiskMgt) + Total credit points required: 144 + 3 years full-time, 6 years part-time

Study mode and course location

On-campus (Caulfield)
Off-campus (Caulfield)

Course description

The course 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 course has been designed to meet the real-world needs of students and a wide-range of potential employers.

Course structure

Majors and other studies

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 requirements

The degree requirements are:

1. Completion of six compulsory common core units (36 credit points):

   • 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

2. 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/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

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

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

4. A total of 24 units (144 credit points) over a maximum of 10 years of study.

5. A maximum of 10 first-year-level units (60 credit points).

6. A minimum of six third-year-level units (36 credit points), of which at least four units (24 credit points) must be from those offered by the faculty on the campus delivering this program.

7. 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.

8. At least two non-compulsory units (12 credit points) must be outside the main field of study.

Professional recognition

This degree is recognised as meeting academic requirements for membership by:

• Australian Institute of Risk Management (AIRM)

For all professional bodies, membership is dependent upon the correct choice of units by students. Details are provided at the beginning of the Caulfield courses entry in this section of the handbook.

Contact details

Inquiries: telephone +61 3 9902 6011, fax +61 3 9903 2955, email enquiries.caulfield@buseco.monash.edu.au or visit http://www.buseco.monash.edu.au.

Course coordinator

Mr Michael Vincent

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