Risk Analysis

Code

BUSI4450

School

Business

Level

4

Credits

20

Semesters

Autumn UK

Summary

The module will include the following topics:
•    Introduction to risk (the meaning and nature of risk);
•    Risk and individuals (e.g. risk perceptions, risk aversion);
•    Risk and organisations (e.g. risk appetite, risk and incentives, internal controls, organisational failure);
•    Risk and markets (e.g. market sources of risk, market pricing of risk);
•    Risk modelling (qualitative and quantitative).

Target Students

Core module for MSc Risk Management. Also available to MSc Exchange students.

Classes

• One 1-hour lecture each week for 11 weeks
• One 2-hour lecture each week for 11 weeks

One-hour Lecture Engagement Session per week and Two-hour Asynchronous Lecture per Week, for 11 weeks. Formal lessons (contact hours): 33 hours; reading and self-directed study: 88 hours; coursework preparation: 34 hours; exam preparation: 34 hours

Assessment

• 50% Coursework: Individual coursework (2,500 words). Reassessment of this module will be 100% exam.
• 50% Take home Exam (2-hour): One take-home essay-style examination. Answer any 3 questions out of a possible 6. All questions carry equal marks.

Educational Aims

Learning Outcomes

Knowledge and understanding: This module develops a knowledge and understanding of:
• The dynamics of the global economy and international business &/or an awareness of cultural, legal/regulatory, political, and economic differences across countries &/or an appreciation of management issues from a global perspective;
• Markets - the development and operation of markets for resources, goods and services;
• Finance - the sources, uses and management of finance;
• The use of accounting and other information systems for managerial applications;
• Tools and techniques for transforming (big) data into useful information for business analysis and decision support;
• The importance of sustainability issues, including an understanding of the challenges and opportunities arising from the activities of people and organisations on the economic, social and environmental conditions of the future.

Intellectual Skills: This module develops:
• Being able to think critically and be creative: manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately;
• Being able to solve complex problems and make decisions: establish criteria, using appropriate decision-making techniques including identifying, formulating and solving business problems; and the ability to create, identify and evaluate options; the ability to implement and review decisions;
• Using information and knowledge effectively in order to abstract meaning from information and to share knowledge, including the use of quantitative skills

Professional Practical Skills: This module develops:
• The ability to conduct research and enquiry into business and management issues either individually or as part of a team through research design, the collection and analysis of qualitative data, synthesis and reporting;
• The ability to conduct research and enquiry into business and management issues either individually or as part of a team through research design, the collection and analysis of quantitative data, synthesis and reporting

Transferable (key) Skills: This module develops:
• Effective communication: networking, listening, oral and written communication of complex ideas and arguments, using a range of media, including the preparation of business reports;
• High personal effectiveness: critical self-awareness, self-reflection and self-management; time management; conflict  resolution, displaying commercial acumen, the ability to continue to learn through reflection on practice and experience

Conveners

• Dr Ahmed Barakat