Global Risk Trends (5 cr)
Code: LX00DN05-3003
General information
Enrollment
07.12.2022 - 08.01.2023
Timing
18.01.2023 - 10.05.2023
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
School of Business
Campus
Leiritie 1
Teaching languages
- English
Seats
20 - 35
Degree programmes
- Degree Programme in International Business and Logistics
- Degree Programme in European Business Administration
Teachers
- Daryl Chapman
Teacher in charge
Suvi Moll
Groups
-
LB20B_FIncoming DD Bilbao Finance
-
LITO_VVVapaastivalittavat, liiketalous
-
LB21MIncoming DD Münster 2nd year students
-
LB20B_BA_MIncoming DD HTW Berlin BA Marketing
-
LC20B_IB_FIncoming DD HWR Berlin, IBMAN Finance
Objective
The course seeks to give students a broad insight at the macro analysis level of the substantial risk forces that shape our lives both now and into the future. It will cover the powerful nature of man-made financial markets and discover some of their inner workings and dynamics as well as exploring humanity's attempts to deal with the powerful environmental forces of mother nature in respect of their impact on business and society at large. We will view things from the stand point of uncertainty because where ever there is uncertainty there is risk.
By the end of the course, students will be able to:
• Understand the general foundations of Risk
• Learn to see Risk in terms of Pure and Speculative forms
• Appreciate the interrelatedness of global financial and Insurance markets and have a greater understanding of their impact on business and society.
Content
• Risk in our Society
• Identifying Risk Trends
• Types of Pure and Speculative Risk Situations
• Risk Reduction v Risk Transfer
• Assessing the likely impact of Natural Disasters
• Financial and Insurance Market Dynamics
• The benefits and costs of Insurance to Society
• The changing scope of Risk Management
• Enterprise Risk Management
Evaluation scale
0-5
Assessment criteria, satisfactory (1)
This means that the student's performance is sufficient. The student shows just enough understanding of the subject to merit a pass grade but greater effort is required to achieve a more satisfactory result.
Assessment criteria, good (3)
This means that the student's performance is sound. The student shows a strong understanding of the basic concepts and a good grasp of the techniques, but with certain minor problems still requiring attention.
Assessment criteria, excellent (5)
This means that the student's performance is excellent. The student not only satisfies all standard requirements but demonstrates originality and imagination.
Prerequisites
First year basic business studies, English Language Proficiency