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2023/2024  KAN-CPOLO2051U  Governing Risk in the World Economy

English Title
Governing Risk in the World Economy

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory (also offered as elective)
Level Full Degree Master
Duration One Semester
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc i International Business and Politics, MSc
Course coordinator
  • Eleni Tsingou - Department of Organization (IOA)
Main academic disciplines
  • International political economy
Teaching methods
  • Face-to-face teaching
Last updated on 07-06-2023

Relevant links

Learning objectives
  • Critically analyse a research topic based on conceptual and empirical insights gained from the course.
  • Assess the explanatory power of the theoretical frameworks covered in the course and show in-depth knowledge of the chosen approach(es) in its(their) application.
  • Demonstrate the ability to independently ask, justify, and delimit a clear research question and to answer it in a coherent manner by using relevant theory, methods and data consistent with each other and appropriate for the unit of analysis.
Governing Risk in the World Economy:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Written assignment
Release of assignment The Assignment is released in Digital Exam (DE) at exam start
Duration 2 weeks to prepare
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer
Make-up exam/re-exam
Same examination form as the ordinary exam
A new exam assignment must be answered. This applies to all students (failed, ill, or otherwise)
Course content, structure and pedagogical approach

The course focuses on understanding risk and the governance of risk in the world economy. It introduces students to the broader themes of risk, uncertainty, ambiguity and crisis, and to advanced theories and methods of relevance for analyzing, and planning for, specialized problems within them.


Specifically, the course centers on the study of the various global economic and political agents who create, assess and manage risk in the world economy. It covers the role of cooperations, non-governmental organizations, international organizations, and states, as well as new types of hybrid actors. In the process, the course aims to expand student understanding of economic and political processes and how these are shaped, and in turn affect, the operation of different types of public and private actors and the markets in which they operate.  


The course is structured so as to bring different actors into focus. There are two segments. The first part of the course is organized around how concepts of risk are interlinked with our understanding of governance, and explores how different actors tackle time horizons, systemic shocks, and mega trends, and the tools available to them. The second part of the course zooms into specific thematic areas in greater detail. Thematic focus will reflect world affairs and recent scholarship and is expected to cover finance, climate, cybersecurity, logistics and migration among others.  


Students are expected to develop their analytical reasoning, research and presentational skills. As part of the in-class workshop and the exam, students are to independently develop a research question and carry out the ensuing analysis using relevant theories, methods, and data.


In relation to Nordic Nine

Governing Risk in the World Economy provides students with concrete knowledge on humanity’s challenges and the role of business actors in addressing, mitigating, and avoiding nefarious effects on society (NN3). Dealing with risk, uncertainty and ambiguity, it offers students the tools to evaluate different ways of managing unknowns and dealing with crises (NN2). The course unpacks the values behind distinct managing mechanisms, highlights critical linkages between issue areas, and interrogates different notions of prosperity (NN7). The course imparts students with the means to engage critically with diverse approaches that privilege different types of stakeholders and to be rigorous with data in producing and presenting analysis (NN6). In the process, it relies on students coming together as peers to engage with each other’s work (NN8).

Description of the teaching methods
Teaching for this course is based on a mix of formats. The course is organised around sessions that include both lectures and planned thematic in-class discussions. Additionally, the course includes workshop activities to facilitate argument development and showcase examples of linking case material to concepts and theoretical approaches. The course is primarily face-to-face but online elements are included, such as author-meets-criticis sessions with syllabus authors.
Feedback during the teaching period
The course offers several opportunities for feedback aside from the regular class interactions .
(i) Office/consultation hours will regularly be organised around a theme covered in class to encourage follow-up discussions and questions.
(ii) Authors of material covered in the course will be present in selected sessions. This provides opportunities for focused discussion on the thematic issues as well as the writing process.
(ii) The first half of the course includes a non-mandatory written 1 to 2 - page individual assignment on a concept. Students will receive individual oral feedback on this assignment during office/consultation hours or a dedicated appointment time.
(iii) A workshop, where early student work (which can form the basis of the exam paper) will be presented and discussed by peers and faculty.

Student workload
Preparation time (readings, online activity, group work etc.) 103 hours
Lectures / class exercises / workshops etc. 30 hours
Exam (preparation time and writing) 70 hours
Last updated on 07-06-2023