24.EP02.TOTC1120 - Quantitative Risk Managent 1 - 2023 - Syllabus

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1

MINISTRY OF EDUCATION AND TRAINING SOCIALIST REPUBLIC OF VIETNAM


NATIONAL ECONOMICS UNIVERSITY Independence – Freedom – Happiness

COURSE SYLLABUS
(Issued attached Decision of NEU’s President, , , 2023)

Course name: Quantitative risk management 1 – Program name: Actuary

1. COURSE INFORMATION
* Title: Quantitative risk management 1 Code: EP02.TOTC1120
* Credits: 3 (45 credit hours; 1 credit hour = 50 minutes of lecture)
* Credit hours for teaching and learning activities:
+ Lecture: 30 hrs
+ Exercises on class: 9 hrs
+ Presentation and Discussion: 6 hrs
+ Exercise and discussion (Tutor): 15 hrs
+ Self-study: 90 hrs.
* Parallel course(s): None
* Prerequisite course(s): Introduction to Enterprise Risk Management
* Department conducting the course:
+ Faculty: Faculty of Economic Mathematics, R1106, 11th flr., Building A1, The
National Economics University, 207 Giai Phong Road, Hai Ba Trung District, Hanoi,
Vietnam.
+ Department: Financial mathematics
+ Lecturers:
1. PhD. Hoang Duc Manh Tel:0904633994 Email: manhhd@neu.edu.vn
2. MSc. Nguyen Thi Lien Tel:0914405609 Email: lientkt@neu.edu.vn
* Kind of the course:

Foundation □ Fundamental □

Compulsory □ Elective □ Compulsory □ Elective □

* Course language: In English

* Meeting hour:
2. COURSE DESCRIPTIONS
2

Quantitative risk management 1 is a specialized course for 3rd year student majoring in
Actuary. The broad knowledge points covered in Market Risk Measurement and Management
include the following: VaR and other risk measures (Parametric and non-parametric methods
of estimation, VaR mapping, Backtesting VaR, Extreme Value Theory (EVT)); Modeling
dependence: correlations and copulas; Stress testing and scenario analysis; Hedging.
Moreover, this course focuses on the Term structure models of interest rates. This course
consists of 9 chapters.
3. LEARNING RESOURCES
*Text Books/Lecture Notes:
+ Market Risk Measurement and Management book, garp.org/frm, 2023.

*Additional references:
+ https://www.garp.org/frm/study-materials
+ https://www.bis.org/
+ Bank for International Settlements. "Minimum Capital Requirements for Market Risk,"
January 2016.
+ Akhtar Siddique and Iftekhar Hasan, Stress Testing: Approaches, Methods and
Applications, 2013.
4. COURSE GOALS
Table 4. Course goals
MIT’
Goals Goals Description PLOs
level
[1] [2] [3] [4]
Provide learners with knowledge of Market Risk Measurement PLO4 3
G1
and Management
Provide learners with skills of Market Risk Measurement and PLO7 4
G2
Management PLO8
Create opportunities to practice teamwork skills; PLO11 3
G3 Initially equip learners with awareness of social context, PLO12
awareness of professional ethics and social responsibility

5. COURSE LEARNING OUTCOMES (CLOs)

Table 5. Course learning outcomes (CLOs)


MIT’
Goals CLOs CLOs Description
level
[1] [2] [3] [4]
G1 CLO1.1 Applying different models in measuring market risk T3
3

CLO1.2 Applying different strategies in market risk management T3


CLO2.1 Applying different skills in measuring market risk T4
G2
CLO2.2 Applying different skills in market risk management T4
G3 CLO3.1 Practice teamwork skills TU3
CLO3.2 Understand the requirement to get social context ; have U3
professional ethics and social responsibility

6. COURSE ASSESSMENT
* Assessment methods:
- Grading: 10
- Average score of course is the total points of rubrics multiplied by the respective
weight of each rubric
* Assessment summary:

Table 6. Assessment summary

Weighting
Assessments Rubrics CLOs Week
(%)

Formative assessment
CLO1.1
CLO1.2
Participant Rubric 1 CLO2.1 10% 1-15
CLO2.2
CLO3.2

Midterm assessment
CLO1.1
CLO1.2
CLO2.1
Group works Rubric 2 CLO2.2 14-15
CLO3.1
CLO3.2
CLO1.1
CLO1.2
Midterm exam Rubric 3 CLO2.1 9
40%
CLO2.2

Summative assessment

Final exam Rubric 3 CLO1.1 50% 16-17


CLO1.2
4

Weighting
Assessments Rubrics CLOs Week
(%)
CLO2.1
CLO2.2
CLO3.2

Rubric 1: Participant

Areas of Weighting Excellence Good Fair Poor


assessment (%) 8.5 – 10 point 6.5 – 8.4 point 4.0 – 6.4 point 0 – 3.9 point
Attendance 50% Attend all the Absent 2 Absent 2 Absent 3
sessions sessions sessions sessions

Being 50% Answer at least Answer at least Answer at No Answer


active in 2 questions 1 question from least 1 for questions
the class from the the lecturer and question from from the
lecturer and give at least 1 the lecturer lecturer and
give at least 2 comment and/or or give at give no
comments feedback for the least 1 comments
and/or lessons, comment and/or
feedback for discussion, or and/or feedback for
the lessons, presentation feedback for the lessons,
discussion, or the lessons, discussion, or
presentation discussion, or presentation
presentation

Rubric 2: Group Presentation

Fair
Areas of Weighti Excellence Good Poor
4.0 – 6.4
assessment ng (%) 8.5 – 10 point 6.5 – 8.4 point 0 – 3.9 point
point
Presentatio 25% The presenter The presenter The The presenter was
n was especially was familiar presenter not familiar with
familiar with with the was enough the material and
the material and material and did familiar with read from slides
the material or rely on notes.
did not read not read from
and did not
from slides or slides or rely on The presenter
often read
rely on notes. notes. spoke not clear
from slides
or rely on enough to be
The presenter The presenter heard by the
spoke clearly spoke clearly notes.
audience.
and slowly and slowly The
The presenter
5

Fair
Areas of Weighti Excellence Good Poor
4.0 – 6.4
assessment ng (%) 8.5 – 10 point 6.5 – 8.4 point 0 – 3.9 point
point
enough to be enough to be presenter showed no
heard by the heard by the spoke enthusiasm for the
audience with audience. enough to be subject matter.
confident voice. heard by the
The presenter audience. The presenter
made no eye-
The presenter showed fair
The contact with
showed level of
presenter audience.
enthusiasm for enthusiasm for
showed a
the subject the subject little
matter and matter and enthusiasm
encouraged encouraged for the
audience audience subject
interest. interest. matter and
encouraged
The presenter The presenter audience
made eye- made eye- interest.
contact with contact with
audience audience. The
effectively. presenter
sometimes
made eye-
contact with
audience.

Design 20% Fonts, colors, Fonts, colors, Fonts, colors, Fonts, colors,
backgrounds, backgrounds, backgrounds, backgrounds, and
and other and other and other other decorations
decorations are decorations are decorations are inconsistent,
are and inappropriate
very effective, effective,
appropriate to the topic and
consistent, and consistent, and
to the topic audience.
appropriate to appropriate to
and
the topic and the topic and audience. Text is not clear
audience. audience. and easy for the
Text is clear audience to
Text is clear Text is clear for the follow.
and easy for the and easy audience to
audience to enough for the follow. No Animation
and other effect.
follow. audience to
Animation
follow.
Animation and and other
other effect are Animation and effect are
used effectively other effect are used.
6

Fair
Areas of Weighti Excellence Good Poor
4.0 – 6.4
assessment ng (%) 8.5 – 10 point 6.5 – 8.4 point 0 – 3.9 point
point
and do not used and do not
distract the distract the
audience. audience.

Content 35% Information is Information is Information Information is not


relevant with relevant with is relevant or little relevant
the topic. the topic. with the with the topic.
topic.
Information is Information is Information is
Each slide presented in
presented in presented in
contains a illogical
logical logical
limited sequence/structur
sequence/struct sequence/struct
number of e.
ure. ure. talking
points as Information is
Information is Information is copied and pasted
opposed to
well presented well presented from another
complete
and has not and has not source.
paragraphs
simply been simply been or lengthy Each slide
copied and copied and sentences. contains lengthy
pasted from pasted from
Presentation sentences.
another source. another source.
has little of Presentation has
Each slide Each slide spelling and many spelling and
contains a contains a grammatical grammatical
limited number limited number errors. errors.
of talking of talking
points as points as
opposed to opposed to
complete complete
paragraphs or paragraphs or
lengthy lengthy
sentences. sentences.

Presentation is Presentation is
free of spelling free of spelling
and and
grammatical grammatical
errors. errors.

Collaborati 10% The group The group Group Group did not
on worked very worked well communicat work well
well with each with each other ed relatively together. There
7

Fair
Areas of Weighti Excellence Good Poor
4.0 – 6.4
assessment ng (%) 8.5 – 10 point 6.5 – 8.4 point 0 – 3.9 point
point
other and the and well with a were obvious
presentation communicated few lapses miscommunicati
was shared well. Some in the ons and lapses in
equally among members presentation the presentation.
the group participated ; some
members. slightly more students
than others. dominated
the
presentation
and others
did not
participate
much.

Q&A 10% Answers Addresses Struggles to Ineffective or


questions with questions answer defensive
clarity and adequately but questions responses to
depth. lacks depth. adequately; questions;
limited avoids audience
interaction interaction.
with the
audience.

Rubric 3: Midterm exam and final exam


(Mid-term test and final exam mainly include three types of questions:
multiple choice questions, essay questions and calculation
problems )

Areas of Weighting Excellence Good Fair Poor


assessment (%) 8.5 – 10 point 6.5 – 8.4 point 4.0 – 6.4 point 0 – 3.9 point
Multiple 20 Scored correctly Scored correctly Scored Scored correctly
choice on more than on more than correctly on on less than 45%
questions 85% 65% more than
45%

Essay 20 Gave detailed Gave detailed Gave limited Gave poor


questions and insightful responses to or unclear responses to
responses to all most essay responses to most essay
essay questions. questions. some essay questions.
Supporting Supporting questions. Supporting
evidence is evidence is Supporting evidence is
convincing, sufficient and evidence is vague or
8

Areas of Weighting Excellence Good Fair Poor


assessment (%) 8.5 – 10 point 6.5 – 8.4 point 4.0 – 6.4 point 0 – 3.9 point
accurate and accurate. Well insufficient. missing. Poorly
detailed. Well written Writing is written.
written with unclear
clear focus

Calculation 60 Provided Provided Provided Skipped some


problems accurate accurate accurate problems or
solutions to all solutions to solutions to provided
questions, most questions some inaccurate
problems or a solutions to most
few questions questions
9

7. COURSE OUTLINE
Table 7. Course outline
Required readings
Week Content CLOs Teaching-learning activities Assessment
text
[1] [2] [3] [4] [5] [6]
Read carefully the syllabus Rubric 1
Greeting and course introduction, its logic,
CLO1.1 provided (IU)
1 its role and position in the program Syllabus
CLO3.2 Lecture (T)
Homework 1 (U)
Chapter 1. Estimating market risk Homework 1 discussion (TU) Rubric 1
measures Market Risk Lecture (T)
1.1. Data Measurement and Homework 2 (U)
1.2. Estimating historical simulation VaR Management book,
1-2 CLO1.1
1.3. Estimating parametric VaR garp.org/frm, 2023,
1.4. Estimating coherent risk measures chapter 1.
1.5. Estimating the standard errors of risk
measure estimators

Chapter 2. Non-Parametric Approaches Homework 2 discussion (TU) Rubric 1


2.1. Estimation of historical simulation Market Risk Lecture (T)
VaR and ES Measurement and Homework 3 (U)
2.2. Estimating confidence intervals for Management book, CLO1.1
3-4 historical simulation VaR and ES garp.org/frm, 2023, CLO2.1
2.3. Weighted historical simulation chapter 2.
2.4. Advantages and disadvantages of
non-parametric methods
10

Required readings
Week Content CLOs Teaching-learning activities Assessment
text
[1] [2] [3] [4] [5] [6]
Chapter 3. Parametric Approaches - Market Risk Rubric 1
Extreme Value Measurement and
Management book, CLO1.1 Homework 3 discussion (TU)
3.1. Generalised extreme-value theory
5-6 garp.org/frm, 2023, CLO2.1 Lecture (T)
3.2. The peaks-over-threshold approach: the Homework 4 (U)
chapter 3.
generalised pareto distribution

Chapter 4. Backtesting VaR and Stress  Market Risk CLO1.1 Homework 4 discussion (TU) Rubric 1
6-7 Testing Measurement and CLO1.2 Lecture (T)
4.1. Backtesting VaR
Management CLO2.1 Homework 5 (U)
book, CLO2.2
4.2. Stress Testing garp.org/frm,
CLO3.1
2023, chapter 4.
CLO3.2
 Bank for
International
Settlements.
"Minimum
Capital
Requirements for
Market Risk,"
January 2016.
 Akhtar Siddique
and Iftekhar
Hasan, Stress
Testing:
Approaches,
Methods and
11

Required readings
Week Content CLOs Teaching-learning activities Assessment
text
[1] [2] [3] [4] [5] [6]
Applications,
2013.

Chapter 5. VaR Mapping Market Risk Homework 5 discussion (TU) Rubric 1


5.1. Mapping for risk measurement Measurement and Lecture (T)
Management book, Homework 6 (U)
5.2. Mapping fixed-income portfolios CLO1.1
8 garp.org/frm, 2023,
5.3. Mapping linear derivatives CLO2.1
chapter 5.
5.4. Mapping options

Chapter 6. Messages from the Academic Homework 6 discussion (TU) Rubric 1


Literature on Risk Management Lecture (T) Rubric 3
Market Risk Homework 7 (U)
for the Trading Book
Measurement and
6.1. Selected lessons on var Management book, CLO1.2
9 implementation garp.org/frm, 2023, CLO2.2
6.2. Incorporating liquidity chapter 6.
6.3. Stress testing practices for market risk
6.4. Unified versus compartmentalised
risk measurement
Mid-term test
12

Required readings
Week Content CLOs Teaching-learning activities Assessment
text
[1] [2] [3] [4] [5] [6]
Market Risk Homework 7 discussion (TU) Rubric 1
Chapter 7. Financial correlation risk
7.1. Correlation Basics: Definitions, Measurement and Lecture (T)
Management book, CLO1.1 Homework 8 (U)
Applications, and Terminology
10 garp.org/frm, 2023, CLO1.2
7.2. Empirical Properties of Correlation
chapter 7, chapter 8, CLO2.1
7.3. Financial Correlation Modeling—
chapter 9. CLO2.2
Bottom-Up Approaches

Chapter 8. Empirical Approaches to Homework 8 discussion (TU) Rubric 1


Risk metrics and Hedging Market Risk
Lecture (T)
8.1. Single-variable regression-based Measurement and CLO1.1 Homework 9 (U)
11 hedging Management book, CLO1.2
8.2. Two-variable regression-based garp.org/frm, 2023, CLO2.1
hedging chapter 10. CLO2.2
8.3. Principal components analysis

Market Risk Homework 9 discussion (TU) Rubric 1


Chapter 9. Term Structure Models Measurement and CLO1.1 Lecture (T)
Management book, CLO1.2 Homework 10 (U)
9.1. Model: Drift and risk premium
12-13 9.2. The Ho-Lee model garp.org/frm, 2023., CLO2.1
9.3. The Vasicek model chapter 13. CLO2.2
13

Required readings
Week Content CLOs Teaching-learning activities Assessment
text
[1] [2] [3] [4] [5] [6]

Market Risk CLO1.1


Groups report and answer
Measurement and CLO1.2
questions
Present group exercise. Management book, CLO2.1
14-15 Lecturer and class members Rubric 2
garp.org/frm, 2023. CLO2.2
comments
CLO3.1
CLO3.2
CLO1.1
According to
CLO1.2
Final exam Students take exams according to the exam
- CLO2.1
givem schedule requirement
CLO2.2
Rubric 3
CLO3.2
14

8. LESSON PLAN

Table 8.1. Lesson plan for the course


Teaching and Learning Assessment tools and
Week Content Readings requirement CLO
Activities criteria
[4
[1] [2] [3] [5] [6]
]
Lecturer introduces the Criteria: Attendance,
course Responding &
Lecturer sets learning Behavior
requirements Tools: Rubric 1
Greeting and course Lecturer instructs students Method: Attendance
introduction, its logic, its role CLO1.1 to read documents Check & Work
1 Syllabus Assignment
and position in the program CLO3.2 Lecturer instructs students
to find documents
Lecturer instructs to
group work
Lecturer divides students
into working groups
1-2 Chapter 1. Estimating market Market Risk Measurement and CLO1.1 Students have to read the Criteria: Attendance,
risk measures Management book, CLO2.1 related contents before Responding &
1.1. Data garp.org/frm, 2023, chapter 1. coming to class Behavior
1.2. Estimating historical Lecturer euips students Tools: Rubric 1
simulation VaR with theorical information Method: Attendance
1.3. Estimating parametric VaR Student have to discuss Check & Work
1.3.1. Profits/Losses the circumstances and Assignment
1.3.2. Arithmetric Returns questions asked by the
15

Teaching and Learning Assessment tools and


Week Content Readings requirement CLO
Activities criteria
[4
[1] [2] [3] [5] [6]
]
1.4. Estimating coherent risk lecturer
measures (CRM)
1.4.1. ES
1.4.2. Other CRM
1.5. Estimating the standard
errors of risk measure
estimators

3-4 Chapter 2. Non-Parametric Market Risk Measurement and CLO1.1 Students have to read the Criteria: Attendance,
Approaches Management book, CLO2.1 related contents before Responding &
2.1. Estimation of historical garp.org/frm, 2023, chapter 2. coming to class Behavior
simulation VaR and ES Lecturer euips students Tools: Rubric 1
with theorical information Method: Attendance
2.1.1. Basic HS
Students have to discuss Check & Work
2.1.2. Bootstrapped HS
the circumstances and Assignment
2.1.3. Using Non-parametric
Density Estimation questions asked by the
2.2. Estimating confidence lecturer
intervals for historical
simulation VaR and ES
2.2.1. An order Statistics
approach
2.2.2. A bootstrap approach
2.3. Weighted historical
16

Teaching and Learning Assessment tools and


Week Content Readings requirement CLO
Activities criteria
[4
[1] [2] [3] [5] [6]
]
simulation
2.3.1. Age-weighted HS
2.3.2. Volatility-weighted HS
2.3.3. Filtered HS
2.4. Advantages and
disadvantages of non-
parametric methods

Chapter 3. Parametric Students have to read the Criteria: Attendance,


Approaches - Extreme Value related contents before Responding &
3.1. Generalised extreme-value coming to class Behavior
Lecturer euips students Tools: Rubric 1
theory
with theorical information Method: Attendance
3.1.1. GEV risk measures Market Risk Measurement and
CLO1.1 Students have to discuss Check & Work
3.1.2. Estimation of EV Management book,
5-6 CLO2.1 the circumstances and Assignment
parameters garp.org/frm, 2023, chapter 3.
questions asked by the
3.2. The peaks-over-threshold
lecturer
approach: the generalised
pareto distribution
3.2.1. POT risk measures
3.2.2. Estimation of GP
parameters
Chapter 4. Backtesting VaR  Market Risk Measurement CLO1.1 Students have to read the Criteria: Attendance,
6-7 and Stress Testing and Management book, CLO1.2 related contents before Responding &
17

Teaching and Learning Assessment tools and


Week Content Readings requirement CLO
Activities criteria
[4
[1] [2] [3] [5] [6]
]
garp.org/frm, 2023, chapter coming to class Behavior
4. Lecturer euips students Tools: Rubric 1
 Bank for International with theorical information Method: Attendance
4.1. Backtesting VaR Settlements. "Minimum Student have to discuss Check & Work
4.1.1. Setup for backtesting Capital Requirements for Assignment
the circumstances and
4.1.2. Model backtesting with Market Risk," January 2016. CLO2.1
questions asked by the
exceptions  Akhtar Siddique and CLO2.2
Iftekhar Hasan, Stress lecturer
4.2. Stress testing CLO3.1
Testing: Approaches,
CLO3.2
Methods and Applications,
2013.

8 Chapter 5. VaR Mapping Market Risk Measurement and CLO1.1 Students have to read the Criteria: Attendance,
5.1. Mapping for risk Management book, CLO2.1 related contents before Responding &
measurement garp.org/frm, 2023, chapter 5. coming to class Behavior
5.1.1. The Lecturer euips students Tools: Rubric 1
mapping with theorical information Method: Attendance
process Student have to discuss Check & Work
the circumstances and Assignment
5.1.2. Example
5.2. Mapping fixed-income questions asked by the
portfolios lecturer
5.2.1. Mapping
18

Teaching and Learning Assessment tools and


Week Content Readings requirement CLO
Activities criteria
[4
[1] [2] [3] [5] [6]
]
approache
s
5.3. Mapping linear derivatives
5.3.1. Forward
contracts
5.3.2. Interest-
rate
Swaps
5.4. Mapping options

Chapter 6. Messages from the Students have to read the Criteria: Attendance,
Academic Literature on Risk related contents before Responding &
Management coming to class Behavior
Lecturer euips students Tools: Rubric 1;
for the Trading Book
Market Risk Measurement and with theorical information Rubric 3
6.1. Selected lessons on var
Students have to discuss Method: Attendance
implementation Management book, CLO1.2
the circumstances and Check & Work
9 6.2. Incorporating liquidity garp.org/frm, 2023, chapter 6. CLO2.2
questions asked by the Assignment
6.3. Stress testing practices for
lecturer
market risk
6.4. Unified versus
compartmentalised risk
measurement
Mid-term test
19

Teaching and Learning Assessment tools and


Week Content Readings requirement CLO
Activities criteria
[4
[1] [2] [3] [5] [6]
]
Chapter 7. Financial Students have to read the Criteria: Attendance,
correlation risk related contents before Responding &
7.1. Correlation Basics coming to class Behavior
7.1.1. Financial correlation Lecturer euips students Tools: Rubric 1
risk with theorical information Method: Attendance
7.1.2. Type of the correlation Students have to discuss Check & Work
Market Risk Measurement and
risks CLO1.1 the circumstances and Assignment
Management book,
10 7.2. Empirical Properties of garp.org/frm, 2023, chapter 7, CLO1.2 questions asked by the
Correlation chapter 8, chapter 9. CLO2.1 lecturer
7.3. Financial Correlation CLO2.2
Modeling—Bottom-Up
Approaches
7.3.1. Copula
correlatio
ns

11 Chapter 8. Empirical Market Risk Measurement and CLO1.1 Students have to read the Criteria: Attendance,
Approaches to Risk metrics Management book, CLO1.2 related contents before Responding &
and Hedging garp.org/frm, 2023, chapter 10. CLO2.1 coming to class Behavior
8.1. Single-variable regression- CLO2.2 Lecturer euips students Tools: Rubric 1
based hedging with theorical information Method: Attendance
8.2. Two-variable regression- Students have to discuss Check & Work
based hedging the circumstances and Assignment
8.3. Principal components questions asked by the
20

Teaching and Learning Assessment tools and


Week Content Readings requirement CLO
Activities criteria
[4
[1] [2] [3] [5] [6]
]
analysis lecturer

Chapter 9. Term Structure Students have to read the Criteria: Attendance,


Models related contents before Responding &
9.1. Model: Drift and risk coming to class Behavior
premium Lecturer euips students Tools: Rubric 1
Market Risk Measurement and CLO1.1
with theorical information Method: Attendance
9.2. The Ho-Lee model Management book, CLO1.2
Students have to discuss Check & Work
12-13
9.3. The Vasicek model garp.org/frm, 2023, chapter 13. CLO2.1
the circumstances and Assignment
CLO2.2
questions asked by the
lecturer

Criteria: Attendance,
CLO1.1 Responding &
Market Risk Measurement and Groups report and answer
CLO1.2 Behavior
Management book, questions
Present group exercise. CLO2.1 Tools: Rubric 2
14-15 garp.org/frm, 2023. Lecturer and class Method: Attendance
CLO2.2
members comments Check & Work
CLO3.1
CLO3.2 Assignment

- Final exam CLO1.1 Students take exams According to the exam


CLO1.2 according to givem requirement;
21

Teaching and Learning Assessment tools and


Week Content Readings requirement CLO
Activities criteria
[4
[1] [2] [3] [5] [6]
]
CLO2.1
Assessment will follow
CLO2.2 schedule
Rubric 3
22

9. COURSE REQUIREMENT & EXPECTATION


9.1. Requirements for taking final /terminal exams
- Students are allowed to take the final exam/terminal exams (50%) if their
attendance score (10%) reaches 5 points or more (on the scale of 10).
9.2. Requirements for attending classes
- Students are responsible for attending all classes. In case of absence from school
due to force majeure reasons, sufficient and reasonable proofs must be provided.
For each absence, 1 point will be deducted 1 point. Students who miss any classes
more than 3 times, with or without reason, will be considered as failing to complete
the course and have to re-register.
- Students will be awarded points for constructive comments these points are added
to attendance points and group assignments.
- Groups who do not submit the group work will receive a score of 0 (zero). Late
submissions will be deducted for each day of late submission.
9.3. Requirements for in-class behaviour
- The course is conducted on the principle of respecting learners and lecturers. Any
behaviour that affects the teaching and learning process is strictly prohibited.
- Students must come to class on time. Students who are late more than 10 minutes
after class starts will not be allowed to attend the class. Do not make noise and
affect others during the learning process.
- Laptops and tablets are only used for the purpose of taking notes for and
calculating for lectures and exercises, absolutely forbidden to use for other
purposes.

Faculty Dean NEU’s President

TS. Nguyễn Mạnh Thế Prof. Pham Hong Chuong

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