Description
For the Actuarial StudentsThis course is designed for actuaries writing exam: SP9/CM2/CP1. It is theoretical in nature and designed to introduce a student to the material. It is not a substitute for studying, rather a supplement. IntroductionRisk is defined as the consequences resulting from uncertainty. Market Risk is defined as the unexpected changes in an assets price. ContentPart 1 is an introduction to Risk and looks at the mathematical properties of risk measures. Part 2 is about being aware of Market RiskPart 3 is about identifying Market Risk and its sources of uncertainty. Part 4 is about the models used to assess Market RiskPart 5 is about managing Market Risk and going beyond just hedging and derivatives. Part 6 is about monitoring Market Risk with the Sharpe and Sortino RatiosPart 7 is about how Black Scholes can be used to calculate an Implied Volatility for Market Risk Models
