PAM 5240

Risk Management and Policy

Course Description

Course information provided by the Courses of Study 2021-2022.

This course applies statistical and economic approaches to analyze risk, the approaches to managing risk by private and government actors, and the impact of government risk policies on the private economy. The course aims to provide students with a broad understanding of risk management problems and solutions, a greater appreciation of the importance of risk management and policy, and increased comprehension of the challenges and complexities of managing key societal risks. Students will enhance their capacity to analyze risk and appreciate the importance of managing risk; will gain working knowledge of important risk management terminology, tools, and institutions; will practice identifying and quantitatively measuring risk; increase their capacity for critical analysis of risk management approaches; and acauire capacity to contribute to discussions of risk governance and its implications.

When Offered Fall.

Prerequisites/Corequisites Prerequisite: PADM 5210 or equivalent, PADM 5310 or equivalent, and PADM 5220.

• The capacity to analyze risk and the importance of managing risk.
• A working knowledge of important risk management terminology, tools, and institutions.
• Practice with identifying and quantitatively measuring risk.
• Capacity for critical analysis of risk management approaches.
• Ability to meaningfully contribute to discussions of risk governance and its implications.

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