Global Risk Trends (5 cr)

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

Location and time

Spring semester 2025
Myyrmäki campus, Leiritie 1, classroom A207

Wednesdays 08-11 between 15.1.- 7.5.2025.

Exceptions:

Week 8

Materials

Principles of Risk Management and Insurance
George E. Rejda
Global Edition
Pearson Publishing
ISBN-13: 978-0-13-702913-6

Teaching methods

Interactive lectures, small group discussions, group tasks, reading Risk Management literature, independent work.

Employer connections

N/A

Exam schedules

There is no alternative way to complete this course.

The course includes:

Group Presentations on April 2nd, April 9th and April 16th

Individual Assignment Release on March 26th

International connections

N/A

Completion alternatives

N/A

Student workload

130 hours = 5 ECTS

The course consists of onsite learning sessions, independent work, assignment work.

Content scheduling

This information is provided during the course kick off January 15th.

Further information

The facilitator of your learning in this course is:
Senior lecturer Daryl Chapman.

Note: Implementation info is subject to change!

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.

Assessment methods and criteria

Learning tasks 100%
There is no comprehensive exam in this course

Qualifications

First year basic business studies, English Language Proficiency

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

Qualifications

First year basic business studies, English Language Proficiency