Introduction to the Course                                                                             

This course will allow students to incorporate risk management principles into their individual management style.  Risk management refers to the process of identifying, assessing, and prioritizing risks. This course will teach students how to accurately assess the consequences of uncertain events; the ultimate goal for risk managers is to reduce and control the likelihood of such occurrences.  Unforeseen circumstances can occur in various contexts, including natural disaster, collapses in financial markets, and accidents. As a business manager, students need to use risk management tools to minimize and control the probability and impact of unfortunate events. Global events from the past few years provide ample evidence of the challenges associated with managing risk. In this course, students will engage with case studies that address the catastrophes of the first decade of the new millennium, including the credit crisis of 2008–2009.  These cases illustrate the importance of risk management and demonstrate how missed opportunities in effective risk management can and have led to monumental negative consequences.  Students will learn how and why risk management is a primary strategy for sustainability and success in our uncertain and complex world.

Course Objectives:

• Identify and discuss various types of risks (Market Risks, Financial Risks, Credit Risks, Operational Risks)
• To assess the consequence of risks
• To familiarize students with the risk management tools
• To help students identify opportunities in effective risk management