(Old Version)

RMSC 1101

Elementary Concepts in Risk Management (2020 Fall)

Class Information

    • Class time: M 1430–1615

    • ZOOM meeting ID: 932-5871-2822

    • ZOOM passcode: <See CUHK Blackboard>

    • Outline

Instructor

Teaching assistant

    • Name: Man Fai Billy Ip

    • Email: 1155115622@link.cuhk.edu.hk

    • Office: LSB G32

    • Tel: 3943 8529

Description

This is an elementary course that introduces current issues and special topics in RMSC. Students are required to present and discuss books and current articles in the related topics.

Learning outcomes

    • Ability to present complex (risk-management, statistics, finance) concepts concisely and precisely.

    • Basic computer skills (LaTeX, R-language, etc).

    • Communication with professionals as well as laymen (presentation, discussion, collaboration).

    • Development of job hunting skills (CV building, job searching, study planning).

Main content

The theme of this year RMSC 1101 is statistical paradoxes. We will discuss and present some counter-intuitive yet commonly encountered statistical phenomena. The aim is to understand the problems through programming. A 5-10 minutes long video is provided for each topic listed below. Students are required to watch each video before the corresponding presentation.

Assessment:

Assignment (a out of 10): Complete 3 individual assignments. Hand in any n pieces of them to get a = min(5n, 10). Aims:

    1. start appreciating the art of programming; and

    2. skillfully search for potential solution in the Internet.

Presentation (p out of 10): Each group is needed to deliver a 25-minute presentation on an assigned topic. Aims:

    1. successfully attract the audience’s interest;

    2. concisely outline the problem;

    3. intuitively explain the solution; and

    4. precisely present an R-program to illustrate and/or solve the problem.

Report (r out of 10): Each student is required to write a one-page report on his/her presented topic individually. Aims:

    1. complete the report by LaTeX;

    2. contain one graph produced by R;

    3. demonstrate your own understanding toward the problem; and

    4. neatly summarize the problem and the solution.

Discussion (d out of 10): One group is selected randomly (without replacement) before each presentation. They are required to lead the discussion section after the presentation. Aims:

    1. raise interesting and relevant questions;

    2. help criticizing and/or appreciating the presented material;

    3. clarify unclear parts of the presented material; and

    4. successfully lead all other students to get involved in the discussion.

Bonus (b out of 1): Bonus points are given to students who enthusiastically participate in this course, including lectures, presentations, discussions, tutorials, etc. Possible ways to earn the bonus points include (but not restricted to):

    1. prepare a 5-minute video on your presented topic; and

    2. enthusiastically participate in class and tutorial.

Course materials

Assignments

Course material in the previous years can be downloaded here.