The goal of the course is to provide good understanding on risk management and insurance topics in the world where international transactions are high, and the type of risk can change any time since increased integration. Well documented, well organized and well-defined course materials allow to deep learning to learn term of risk, types of risk, risk and insurance relationship.
Prerequisite(s)
Corequisite(s)
Special Requisite(s)
Instructor(s)
Course Assistant(s)
Schedule
Office Hour(s)
Teaching Methods and Techniques
Principle Sources
Other Sources
Course Schedules
Week
Contents
Learning Methods
1. Week
Introduction to risk management and insurance
Lecture, Class Discussions
2. Week
Chapter 1 Risk, insurance and management
Lecture, Class Discussions
3. Week
Introduction to risk management
Lecture, Class Discussions
4. Week
COSO ERM model - Part 1 and Quiz 1
Lecture, Class Discussions, Quiz
5. Week
COSO ERM model - Part 2
Lecture, Class Discussions
6. Week
Presentations, problems and case studies to cover first 5 weeks
Lecture, Class Discussions
7. Week
ISO31000 Risk managemet model - Part 1 Quiz 2
Lecture, Class Discussions, Quiz
8. Week
ISO31000 Risk managemet model - Part 2
The orange book
Lecture, Class Discussions
9. Week
Midterm
Review of the previous lectures
Exam
10. Week
Insurance, The private insurance industry, regulation of the insurance industry
Lecture, Class Discussions
11. Week
Functions of the insurers, Financial aspects of insurer operations Quiz 3
Lecture, Class Discussions, Quiz
12. Week
Life and health insurance, The actuarial basis of life insurance, Property and liability insurance
Lecture, Class Discussions
13. Week
Review, Q&A
Lecture, Class Discussions
14. Week
Overview
Lecture, Class Discussions
15. Week
Final Exam
Exam
16. Week
Final Exam
Exam
17. Week
Final Exam
Exam
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
21
Quizzes
3
15
Attendance
14
14
Final Exam
1
50
Program Outcomes
PO-1
Comprehends both theoretical and applied subjects in international trade at the advanced level, and uses his/her knowledge when necessary.
PO-2
Analyses basic concepts and data related to International Trade and Economics by scientific methods, interprets those with analytically, and evaluates those with regard to economic issues.
PO-3
Express his/her thoughts, comments and evaluations related to International Trade discipline both in written and oral forms.
PO-4
Defines current problems, and proposes solutions which are supported by evidence and research based quantitative and qualitative data.
PO-5
Inspects how public and private sector enterprises engaged in trade activities operates in practice, and evaluates the continuities and the dynamism in these sectors.
PO-6
Defines and tracks local, regional (such as European Union or Middle East) and global issues from the point of political economics, and relates these issues to each other.
PO-7
Possesses sufficient knowledge in other disciplines related to International Trade (such as Economics, Finance, International Business and Law), and reports this information.
PO-8
Follows publications and research in International Trade, Globalisation and Financial Systems in the English language, and communicates with his/her colleagues internationally.
PO-9
Uses a second language (Russian, Chinese, etc.) at the intermediate level.
PO-10
Possesses ethical principles and scientific values in collection, interpretation and release of data.
Learning Outcomes
LO-1
Students will be able to define the risk and easily adopt it into real examples
LO-2
Students will have good comment on types of risk and easily identify them
LO-3
Students will analyze expected outcomes of risk and treat them
LO-4
Students will be able to implement risk management tools into reel problems
LO-5
Students will interpret insurance as risk management tool
LO-6
Students will be able to associate different type of insurance with different type of risk
