IBF505 International Financial Risk Management
IBF505 International Financial Risk Management
Syllabus | International University of Sarajevo - Last Update on Mar 03, 2026
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International Business and Finance
Course Objectives
The course introduces the principles of financial risk management with an emphasis on practical implementation and application, It presents the risk measurement techniques with an emphasis on its practical implementation and application.
Learning Outcomes
After successful completion of the course, the student will be able to:
Course Materials
Required Textbook
Allan M. Malz. Financial risk management: models, history, and institutions. John Wiley& Sons, Hoboken, NJ, 2011. Rejda, G.E., McNamara, M.J. Principles of Risk Management and Insurance. 12th edition. Pearson, 2014. Allan M. Malz.Financial risk management: models, history, and institutions. John Wiley& Sons, Hoboken, NJ, 2011.
Additional Literature
John C. Hull.Risk management and financial institutions. John Wiley & Sons, Hoboken,NJ, 4th edition, 2015. Peter Christoffersen. Elements of financial risk management. Academic Press, San Diego,2nd edition, 2012.Teaching Methods
Class discussions with examples
Active sessions for engaged learning and continuous feedback on progress
Team assignments
Team projects that involve real data, computer analysis, summary, interpretation and reporting
Weekly Topics
| Week | Topic | Readings / References |
|---|---|---|
| 1 | Introduction to the course | |
| 2 | Basic risk concepts | Chapter 1, 2 |
| 3 | Volatility behavior and forecasting | Chapter 2,3 |
| 4 | Market risk measurement and Value-at-Risk | Chapter 2,3, 13 |
| 5 | Implementation of Value-at-Risk | Chapter 4,5 |
| 6 | Assessing the accuracy of Value-at-Risk | Chapter 5 |
| 7 | Credit and counterparty risk | Chapter 6 |
| 8 | Midterm exam | |
| 9 | Leverage and leverage risk | Chapter 12 |
| 10 | Liquidity Risk | Chapter 12 |
| 11 | Extreme events and market risk measurement | Chapter 10 |
| 12 | Credit risk measurement | Chapter 6 |
| 13 | Portfolio credit risk measurement | Chapter 8 |
| 14 | Structured credit risk and Financial crises | Chapter 14 |
| 15 | Project presentations |
Course Schedule (All Sections)
Office Hours & Room
Assessment Methods and Criteria
Assessment Components
Final Exam
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3
Midterm Exam
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3
Term project and presentation
AI: Not AllowedAlignment with Learning Outcomes : 1 2
Assignments (quizzes)
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3
Participation
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3
IUS Grading System
| Grading Scale | IUS Grading System | IUS Coeff. | Letter (B&H) | Numerical (B&H) |
|---|---|---|---|---|
| 0 - 44 | F | 0 | F | 5 |
| 45 - 54 | E | 1 | ||
| 55 - 64 | C | 2 | E | 6 |
| 65 - 69 | C+ | 2.3 | D | 7 |
| 70 -74 | B- | 2.7 | ||
| 75 - 79 | B | 3 | C | 8 |
| 80 - 84 | B+ | 3.3 | ||
| 85 - 94 | A- | 3.7 | B | 9 |
| 95 - 100 | A | 4 | A | 10 |
Late Work Policy
Information about late submission policies will be shared during class and posted in this section. Please check back for official guidelines.
ECTS Credit Calculation
📚 Student Workload
This 6 ECTS credit course corresponds to 150 hours of total student workload, distributed as follows:
Lecture Hours
45 hours ⏳ (15 week × 3 h)
Home Study
42 hours ⏳ (14 week × 3 h)
Project
20 hours ⏳ (1 week × 20 h)
Presentation
8 hours ⏳ (1 week × 8 h)
Final exam study
35 hours ⏳ (1 week × 35 h)
150 Total Workload Hours
6 ECTS Credits
Course Policies
Academic Integrity
All work submitted must be your own. Plagiarism, cheating, or any form of academic dishonesty will result in disciplinary action according to university policies. When in doubt about citation practices, consult the instructor.
Attendance Policy
Students are expected to adhere to the attendance requirements as outlined in the International University of Sarajevo Study Rules and Regulations. Excessive absences, whether excused or unexcused, may impact academic performance and eligibility for assessment. Mandatory sessions (e.g., labs, workshops) require attendance unless formally exempted. For detailed policies on absences, documentation, and penalties, please refer to the official university regulations.
Technology & AI Policy
Laptops/tablets may be used for note-taking only during lectures. Phones should be silenced and put away during all class sessions. Audio/video recording requires prior permission from the instructor.
Artificial Intelligence (AI) Usage: The use of AI tools (e.g., ChatGPT, Copilot, Gemini) varies by assessment component. Please refer to the AI usage indicator next to each assessment item in the Assessment Methods and Criteria section above. Submitting AI-generated content as your own work, where AI is not explicitly allowed, constitutes an academic integrity violation.
Communication Policy
All course-related communication should occur through official university channels (institutional email or SIS). Emails should include [IBF505] in the subject line.
Academic Quality Assurance Policy
Course Academic Quality Assurance is achieved through Semester Student Survey. At the end of each academic year, the institution of higher education is obliged to evaluate work of the academic staff, or the success of realization of the curricula.
Learning Tips
Be prepared to contribute thoughtfully during class discussions, labs, or collaborative work. Active participation deepens understanding and encourages critical thinking.
Complete assigned readings or prep materials before class. Take notes, highlight key ideas, and jot down questions. Aim to grasp core concepts and their applications—not just facts.
Use course frameworks or methodologies to analyze problems, case studies, or projects. Begin early to allow time for reflection and refinement. Seek feedback to improve your work.
Don’t hesitate to reach out when something is unclear. Use office hours, discussion boards, or peer networks to clarify concepts and stay on track.
Syllabus Last Updated on Mar 03, 2026 | International University of Sarajevo
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Referencing Curricula Print this page
| Assessment Methods and Criteria | Evaluation Tool | Quantity | Weight | Alignment with LOs | AI Usage |
| Final Exam | 1 | 30 | 1,2,3 | Not Allowed | |
| Semester Evaluation Components | |||||
| Midterm Exam | 1 | 30 | 1,2,3 | Not Allowed | |
| Term project and presentation | 1 | 20 | 1,2 | Not Allowed | |
| Assignments (quizzes) | 2 | 10 | 1,2,3 | Not Allowed | |
| Participation | 1 | 10 | 1,2,3 | Not Allowed | |
| *** ECTS Credit Calculation *** | |||||
| Activity | Hours | Weeks | Student Workload Hours | Activity | Hours | Weeks | Student Workload Hours | |||
| Lecture Hours | 3 | 15 | 45 | Home Study | 3 | 14 | 42 | |||
| Project | 20 | 1 | 20 | Presentation | 8 | 1 | 8 | |||
| Final exam study | 35 | 1 | 35 | |||||||
| Total Workload Hours = | 150 | |||||||||
| *T= Teaching, P= Practice | ECTS Credit = | 6 | ||||||||
| Course Academic Quality Assurance: Semester Student Survey | Last Update Date: 27/03/2026 | |||||||||