Professor Sumon Bhaumik

Sumon has taught three modules at the management school.

The MSc module on Risk and Uncertainty focuses on organisations which continually face uncertainty regarding various aspects of the environment in which they operate and a myriad of risks associated with various aspects of their businesses. This module discusses the behavioural aspects of economic agents that shape their attitude towards risk and the weaknesses of risk management processes within corporations. It also discusses the process of managing uncertainty through the creation and management of a portfolio of (real) options and the process of managing different types of risks to which businesses are exposed. In the case of the latter, the emphasis is not only on ways to manage risks but also on limits of risk management strategies. Specific examples and cases are used to add context to the discussion about managing uncertainty and risk. This is, however, not a module about financial derivatives.

The MSc module on Emerging Markets Finance discusses the rationale and process of financial liberalisation in emerging market economies, emphasising the challenges associated with striking the balance between liberalisation of the financial sector to enhance allocational efficiency of financial resources and regulations to mitigate market failure and systemic risk. Lectures focus on the characteristics of underdeveloped financial markets and the political economy of financial reforms/liberalisation. They also focus on issues such as information and transactions costs and market failures, and their implications for the development of banking sectors and capital markets in emerging market economies. The insurance industry is discussed as well. Finally, there are a series of lectures on capital flows and banking-currency crises in emerging market economies

The MBA module on Global Managerial Economics focuses on the analysis of factors that affect strategic decisions and performance of firms from an economic perspective. There is particular emphasis on decision-making under conditions of uncertainty, estimation of actual and latent demand for a product, strategic interactions with competitors, designing of contracts in an environment of imperfect (asymmetric) information, the role of transactions cost in influencing key strategic decisions involving both domestic and international operations of firms, and the nature of dynamic capabilities. Finally, there is discussion about the factors that influence the regulatory and macroeconomic contexts in which firms operate, including the relevance of interconnectedness of economies for domestic macroeconomic and regulatory environments.

The overall satisfaction levels of students with his modules are as follows: