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Identification of Economic Risks
Study Course Description
Course Description Statuss:Approved
Course Description Version:6.00
Study Course Accepted:30.05.2024 12:42:14
| Study Course Information | |||||||||
| Course Code: | JF_488 | LQF level: | Level 7 | ||||||
| Credit Points: | 2.00 | ECTS: | 3.00 | ||||||
| Branch of Science: | Management | Target Audience: | Civil and Military Defense; Law | ||||||
| Study Course Supervisor | |||||||||
| Course Supervisor: | Anželika Berķe-Berga | ||||||||
| Study Course Implementer | |||||||||
| Structural Unit: | Faculty of Social Sciences | ||||||||
| The Head of Structural Unit: | |||||||||
| Contacts: | Dzirciema street 16, Rīga, szf rsu[pnkts]lv | ||||||||
| Study Course Planning | |||||||||
| Full-Time - Semester No.1 | |||||||||
| Lectures (count) | 8 | Lecture Length (academic hours) | 2 | Total Contact Hours of Lectures | 16 | ||||
| Classes (count) | 4 | Class Length (academic hours) | 2 | Total Contact Hours of Classes | 8 | ||||
| Total Contact Hours | 24 | ||||||||
| Part-Time - Semester No.1 | |||||||||
| Lectures (count) | 3 | Lecture Length (academic hours) | 2 | Total Contact Hours of Lectures | 6 | ||||
| Classes (count) | 2 | Class Length (academic hours) | 2 | Total Contact Hours of Classes | 4 | ||||
| Total Contact Hours | 10 | ||||||||
| Study course description | |||||||||
| Preliminary Knowledge: | Not required. | ||||||||
| Objective: | To create students' understanding of corporate finance, securities, banking and currencies from the point of view of risk identification, thereby developing analytical abilities and financial literacy to be able to manage economic risks at the macro and micro level. | ||||||||
| Topic Layout (Full-Time) | |||||||||
| No. | Topic | Type of Implementation | Number | Venue | |||||
| 1 | Principles of business functioning and the role of finance in it. Corporate financial risks and their causes and consequences. | Lectures | 1.00 | auditorium | |||||
| 2 | Identification of financial risks of companies and their management. Financial statements: balance sheet, profit and loss statement, cash flow statement. Cost structure of companies. Economic application and security aspects of information contained in financial statements. | Lectures | 2.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 3 | Identification of financial risks of companies using financial indicators. Opportunities for improving critical financial indicators from a management perspective. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 4 | Identification and management of securities investment risks. Identifying financial fraud in the securities market. Ponzi schemes. | Lectures | 2.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 5 | Risk identification and management in banking transactions. Innovative activity in the banking sector (Fintech). Foreign exchange market. Currency transaction risks and their management. Blockchain and cryptocurrency and related issues. | Lectures | 2.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| Topic Layout (Part-Time) | |||||||||
| No. | Topic | Type of Implementation | Number | Venue | |||||
| 1 | Principles of business functioning and the role of finance in it. Corporate financial risks and their causes and consequences. | Lectures | 0.50 | E-Studies platform | |||||
| 2 | Identification of financial risks of companies and their management. Financial statements: balance sheet, profit and loss statement, cash flow statement. Cost structure of companies. Economic application and security aspects of information contained in financial statements. | Lectures | 1.00 | E-Studies platform | |||||
| Classes | 1.00 | E-Studies platform | |||||||
| 3 | Identification of financial risks of companies using financial indicators. Opportunities for improving critical financial indicators from a management perspective. | Lectures | 0.50 | E-Studies platform | |||||
| Classes | 0.00 | E-Studies platform | |||||||
| 4 | Identification and management of securities investment risks. Identifying financial fraud in the securities market. Ponzi schemes. | Lectures | 0.50 | E-Studies platform | |||||
| Classes | 0.50 | E-Studies platform | |||||||
| 5 | Risk identification and management in banking transactions. Innovative activity in the banking sector (Fintech). Foreign exchange market. Currency transaction risks and their management. Blockchain and cryptocurrency and related issues. | Lectures | 0.50 | E-Studies platform | |||||
| Classes | 0.50 | E-Studies platform | |||||||
| Assessment | |||||||||
| Unaided Work: | According to the lecturer's instructions in the e-studies, the content of the lectures is to be mastered: video lectures, presentations prepared by the lecturer, the materials posted in the e-studies and the required literature. Independently: master the materials recommended in e-studies, additional literature, etc. sources. Active participation and preparation for seminars: Students present their individual research works in seminars. The duration of the presentation is 10 minutes, followed by a question and answer session and a debate. Literature related to the course will also be discussed in the seminars. In order to evaluate the quality of the study course as a whole, the student must fill out the study course evaluation questionnaire on the Student Portal. | ||||||||
| Assessment Criteria: | Individual research work and exam. The percentage of the accumulated grade consists of: individual research wprk (50%); exam (50%). | ||||||||
| Final Examination (Full-Time): | Exam (Written) | ||||||||
| Final Examination (Part-Time): | Exam (Written) | ||||||||
| Learning Outcomes | |||||||||
| Knowledge: | The knowledge gained within the course will help to understand corporate finance, banking, securities and currency (including cryptocurrency) market, as well as to apply it in practice, identifying economic risks. | ||||||||
| Skills: | The course will develop the ability to navigate the securities markets, understand banking and currency transactions, and identify and manage risks in these areas. Upon successful completion of the study course, students will be able to perceive the information included in the financial statements, as well as assess the company's financial risks. This will be ensured by the practical research work of students, which provides for the practical study and analysis of financial reports of real companies from the point of view of risk identification. | ||||||||
| Competencies: | Students will know how to use theoretical knowledge and the results of empirical research, will be able to interpret them. | ||||||||
| Bibliography | |||||||||
| No. | Reference | ||||||||
| Required Reading | |||||||||
| 1 | Brealey A. B., Myers S. C., Allen F. Principles of Corporate Finance. 13th Ed., 2020, 918 p. | ||||||||
| 2 | Mishkin F. S., Stanley G. E. Financial Markets and Institutions. 9th Ed. 2018 | ||||||||
| 3 | International Security Management: New Solutions to Complexity. 2020. Gabriele Jacobs, Ilona Suojanen, Kate E. Horton, Petra Saskia Bayerl (Editors). Springer. | ||||||||
| 4 | Gaile, D., Tumalavičius, V., Skrastiņa, U., Načiščionis, J. 2020. Modern economics in the context of security: efficient use of funds and reduction of risks as one of the aims of public procurement, Entrepreneurship and Sustainability Issues 8(1): pp 49-59 | ||||||||
| Additional Reading | |||||||||
| 1 | Website of Publication of the International Institute for Strategic Studies. | ||||||||
| 2 | International Security Management Association | ||||||||
| 3 | International Security | ||||||||
