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Unit of Study FINC2001 Financial Risk Management (2023)

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Unit Snapshot

  • Enrolment information

    This is an advanced unit. It is highly recommended that students take this unit after having completed an introductory Finance or Economics unit.

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

identify and explain the characteristics of financial derivatives

price financial derivatives using appropriate models

execute risk management and trading strategies using financial derivatives

apply an understanding of financial risk management in the international economic environment.

Teaching and assessment

Teaching method
Short written response30%
Short written response30%
Take home exam40%

Prescribed learning resources

Prescribed Texts
  • Chance, DM & Brooks, R, 2016, An Introduction to Derivatives and Risk Management, 10th edn, Cengage Learning, Boston, MA, USA. ISBN: ISBN-13: 978-1-305-10496-9.
Prescribed Resources/Equipment
  • Non-programmable financial calculator, which can also be used in the examination. The recommended models are Sharp Business/Financial Calculator EL735S or EL738. Sharp EL733A and EL735 are older models that can also be used in this unit.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information


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