Veidlapa Nr. M-3 (8)
Study Course Description
Identification of Economic Risks
Course Code
JF_488
Branch of Science
-
ECTS
3.00
Target Audience
Civil and Military Defense; Law
LQF
Level 7
Study Type And Form
Full-Time; Part-Time
Study Course Implementer
Course Supervisor
Anželika Berķe-Berga
Structure Unit Manager
Ieva Puzo
Structural Unit
Faculty of Social Sciences
Contacts
Dzirciema street 16, Rīga, szf@rsu.lv
About Study Course
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.
Preliminary Knowledge
Not required.
Learning Outcomes
Knowledge
1.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
1.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.
Competences
1.Students will know how to use theoretical knowledge and the results of empirical research, will be able to interpret them.
Assessment
Individual work
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Title
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% from total grade
|
Grade
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|---|---|---|
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1.
Individual work |
-
|
-
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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.
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Examination
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Title
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% from total grade
|
Grade
|
|---|---|---|
|
1.
Examination |
-
|
-
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|
Students conduct a study of the financial statements of selected companies with the aim of identifying inconsistencies and risks. Research consists of report data analysis, horizontal and vertical analysis, as well as calculating and interpreting financial indicators. Attention is also paid to the corporate governance of companies.
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2.
Examination |
-
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-
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Individual research work and exam. The percentage of the accumulated grade consists of: individual research wprk (50%); exam (50%).
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Study Course Theme Plan
FULL-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
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.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Identification and management of securities investment risks. Identifying financial fraud in the securities market. Ponzi schemes.
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-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Principles of business functioning and the role of finance in it. Corporate financial risks and their causes and consequences.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
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.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Identification of financial risks of companies using financial indicators. Opportunities for improving critical financial indicators from a management perspective.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Identification of financial risks of companies using financial indicators. Opportunities for improving critical financial indicators from a management perspective.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
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.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Identification and management of securities investment risks. Identifying financial fraud in the securities market. Ponzi schemes.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Identification and management of securities investment risks. Identifying financial fraud in the securities market. Ponzi schemes.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
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.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
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.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
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.
|
Total ECTS (Creditpoints):
3.00
Contact hours:
24 Academic Hours
Final Examination:
Exam (Written)
PART-TIME
Part 1
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
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.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
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.
|
Total ECTS (Creditpoints):
3.00
Contact hours:
10 Academic Hours
Final Examination:
Exam (Written)
Bibliography
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