Minor Requirements

Minor Title Minor in Risk Management
Offered to students admitted to Year 1 in 2025
Objectives:

The Minor in Risk Management aims to provide interested students with basic concepts of risk management and fundamental skills of employing various statistical techniques for managing risk. The minor curriculum is particularly designed for students from different majors to enhance their interests in Risk Management or to complement their major of study.
Learning Outcomes:
By the end of this programme, students should be able to:
PLO 1 :

acquire basic understanding and identify the generic risk management issues and techniques (by means of coursework, tutorial classes and project-based learning in the curriculum)
PLO 2 :

apply elementary methods and models for risk assessment and management (by means of coursework, tutorial classes and project-based learning in the curriculum)
PLO 3 :

acquire and interpret relevant data and information for risk management (by means of coursework, tutorial classes and project-based learning in the curriculum)
Impermissible Combinations:

Bachelor of Statistics
Major in Risk Management
Major in Statistics
Minor in Statistics
Required courses (48 credits)
1. Introductory level courses (24 credits)
Disciplinary Electives (24 credits)
At least 24 credits selected from the following courses:
MATH1013 University Mathematics II (6)
MATH2014 Multivariable Calculus and Linear Algebra (6)
SDST1018 Foundations of Data Science (6)
SDST1600 Statistics: Ideas and Concepts (6)
SDST2601 Probability and Statistics I (6)
SDST2602 Probability and Statistics II (6)
SDST2604 Introduction to R/Python Programming and Elementary Data Analysis (6)
2. Advanced level courses (24 credits)
Disciplinary Electives (24 credits)
At least 24 credits selected from the following courses:
SDST3600 Linear Statistical Analysis (6)
SDST3609 The Statistics of Investment Risk (6)
SDST3610 Risk Management and Insurance (6)
SDST3615 Practical Mathematics for Investment (6)
SDST3618 Derivatives and Risk Management (6)
SDST4601 Time-Series Analysis (6)
SDST4603 Current Topics in Risk Management (6)
SDST4606 Risk Management and Basel Accords in Banking and Finance (6)
SDST4607 Credit Risk Analysis (6)
SDST4608 Market Risk Analysis (6)
SDST4614 Quantitative Risk Management (6)
 
Note:

If the same courses are listed as disciplinary core in both this minor and the primary major (or programme/professional core) undertaken by a student, the student must make up the number of credits by taking replacement course(s) stipulated by the minor. Double counting of credits is not permissible.
Remarks:

Important! Ultimate responsibility rests with students to ensure that the required pre-requisites and co-requisites of selected courses are fulfilled. Students must take and pass all required courses in the curriculum of the declared minor in order to satisfy the requirements of the minor.