The course provides an overview of the way risk assessment and risk management has been treated across different academic disciplines, e.g., insurance, financial management, general management, international business, multinational finance, etc. The course integrates diverse contributions to understand the origins of newer frameworks like Enterprise Risk Management (ERM) and develop approaches that may enhance its potential role as a useful management technique. Through discussions of relevant literature, contemporary management issues, and concrete business situations, the course will critique current applications of risk management with the aim of developing new approaches to effective strategic risk management.

Structure- the course will be structured around 10 intense three-hour class sessions (one session per week) held during the fall semester.

The course´s development of personal competences:

This course aims to provide a general understanding of the way different risk exposures can be managed in contemporary organizations as they engage in business activities on a global scale. As such, the course will approach the topic from the diverse perspectives of various academic disciplines that have focused on these managerial issues. This includes quantitative approaches developed in finance and insurance as well as more general analytical frameworks adopted in management, accounting, and strategy. The course will address current applications of risk management and consider alternative ways in which strategic management processes may enhance the development of strategic responsiveness in modern organizations.

The course material will comprise a textbook, a collection of professional and academic articles, current policy studies, and working papers (relevant articles and policy papers will be available online).

· Andersen, T. J. and Schrøder, P. W. Strategic Risk Management Practice, Cambridge University Press, Cambridge, England, 2010. (ISBN: 978-0-521-13215-2)