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Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
Free it saturday lesson   19 nov 2011
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Free it saturday lesson 19 nov 2011

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  1. Career Opportunities inFinance Industry andBusiness Analysis x F x f t dt Dumaria R. Tampubolon, Ph.D
  2. Facts  Living people have needs: primary, secondary, tertiary  People live on earth and is part of the universe  People need to work  People need to take care and manage (natural) sources Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 2
  3. Facts  UNCERTAINTIES  People die  People get sick  People loose jobs  Natural disasters  Accidents occur  Businesses fail/collapse/bancrupt Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 3
  4. Risks  Definition of Risk: Exposure to the chance of loss or injury  Financial risk: The probability of loss inherent in financing methods which may impair the ability to provide adequate return. http://www.businessdictionary.com/definition /financial-risk.html Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 4
  5. Statistics  What? Statistics is the science of collecting, organizing and interpreting numerical facts, which we call data.  Who uses statistics? government (or policy makers in the government); actuaries, economists; econometricians; financial advisors; policy makers in business; meteorologists; psychologists; politicians; doctors; farmers; engineers and scientists; teachers; etc Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 5
  6. Managing Financial Risks  One way to manage financial risks: Insurance and Pension Fund  Insurance: Life Insurance and General Insurance Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 6
  7. Insurance: Definition A vehicle to transfer pure economic (or financial) risks  Liability to compensate for loss or damage arising from specified contingencies such as natural disaster, fire, theft, negligence, injury, death, etc Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 7
  8. General Insurance Relates to the insurance of property and liability; may also relate to the insurance of the person which is not covered by life insurance. Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 8
  9. Noble Prize for Economics  http://www.pbs.org/newshour/rundown/2 010/10/this-years-nobel-prize-winners-in- economics-critics-and-background.html  http://www.huffingtonpost.com/2011/10/1 0/nobel-prize-economics-sargent- simms_n_1003025.html Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 9
  10. Noble Prize for Economics  Christopher Sims (professor at Princeton University) and Thomas Sargent (teaches at New York University and a visiting professor at Princeton) are winners of the 2011 Noble Prize for Economics.  Devised tools to analyze how changes in interest rates and taxes affect growth and inflation → create mathematical models that central bankers and other leaders can use to devise policy proposals. Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 10
  11. Background knowledge inManaging Financial Risks  Mathematics and Statistics  Computation (programming, statistical package)  Actuarial Science (Statistics, Mathematics, Finance, Economics) Applications in: General Insurance, Life Insurance, Pension Fund, Investment, Risk Management. Dumaria R. Tampubolon - Free IT 19 November 2011 Saturday Lesson 11

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