Risk Management


  • GENERAL
SCHOOL Faculty of Social, Political and Economic Sciences
ACADEMIC UNIT Department of Economics
LEVEL OF STUDIES Undergraduate
COURSE CODE ΝΕ56 SEMESTER 5th
COURSE TITLE Risk Management
INDEPENDENT TEACHING ACTIVITIES
if credits are awarded for separate components of the course, e.g. lectures, laboratory exercises, etc. If the credits are awarded for the whole of the course, give the weekly teaching hours and the total credits
WEEKLY TEACHING HOURS CREDITS
4 6
 
 
Add rows if necessary. The organisation of teaching and the teaching methods used are described in detail at (d).
COURSE TYPE

general background,
special background, specialised general knowledge, skills development

General Background
PREREQUISITE COURSES:

 

LANGUAGE OF INSTRUCTION and EXAMINATIONS: HELLENIC
IS THE COURSE OFFERED TO ERASMUS STUDENTS YES (ESSAY IN ENGLISH)
COURSE WEBSITE (URL)

 

 

  • LEARNING OUTCOMES
Learning outcomes
The course learning outcomes, specific knowledge, skills and competences of an appropriate level, which the students will acquire with the successful completion of the course are described.

Consult Appendix A

·     Description of the level of learning outcomes for each qualifications cycle, according to the Qualifications Framework of the European Higher Education Area

·     Descriptors for Levels 6, 7 & 8 of the European Qualifications Framework for Lifelong Learning and Appendix B

·     Guidelines for writing Learning Outcomes

 

 

The course introduces both the main quantitative methods for risk assessment using mathematical and graphical representations as well as the use of statistical analysis tools for the development of simple models in enterprises and the management of economic and productive units. It also presents qualitative risk assessment methods using methodological approaches and graphical depictions, developing simple models in enterprises and managing economic and productive units.

 

Upon completion of the course, students will be able to:

– Know the basic principles and approaches for identifying business risks and the management of economic and productive units.

– Develop methodological tools for assessing and prioritizing risks.

– Recognize content and results in a risk report.

– Apply qualitative methods to a risk management model in a business or organization

– Apply quantitative methods to a risk management model in a business or organization

– Identify the content and main parts of the process of risk monitoring and evaluation in enterprises and the management of economic and productive units.

 

General Competences
Taking into consideration the general competences that the degree-holder must acquire (as these appear in the Diploma Supplement and appear below), at which of the following does the course aim?
Search for, analysis and synthesis of data and information, with the use of the necessary technology

Adapting to new situations

Decision-making

Working independently

Team work

Working in an international environment

Working in an interdisciplinary environment

Production of new research ideas

Project planning and management

Respect for difference and multiculturalism

Respect for the natural environment

Showing social, professional and ethical responsibility and sensitivity to gender issues

Criticism and self-criticism

Production of free, creative and inductive thinking

……

Others…

…….

Search for, analysis and synthesis of data and information, with the use of the necessary technology

Working independently

 

  • SYLLABUS
The course content includes:

i. Clarifying the purpose and techniques of assessing business and investment risk

ii. Determining the role of strategic and operational planning in risk management

iii. The presentation of the methodological approach for risk identification and assessment

iv. Principles and methodologies of risk assessment and risk management hierarchy

a. in the economy

b. in businesses and organizations

c. in Project management

v. Development of quality methods in risk assessment

vi. Development of quantitative methods in risk assessment

vii. Presentation of relevant models and good practices

viii. Risk management methodology and process

  • TEACHING and LEARNING METHODS – EVALUATION
DELIVERY
Face-to-face, Distance learning, etc.
Face-to-face
USE OF INFORMATION AND COMMUNICATIONS TECHNOLOGY
Use of ICT in teaching, laboratory education, communication with students
E-mail and e-class
TEACHING METHODS

The manner and methods The course content includes:

i. Clarifying the purpose and techniques of assessing business and investment risk

ii. Determining the role of strategic and operational planning in risk management

iii. The presentation of the methodological approach for risk identification and assessment

iv. Principles and methodologies of risk assessment and risk hierarchy

a. In economy

b. In businesses and organizations

c. Project-project management

v. Development of quality methods in risk assessment

vi. Develop quantitative methods in risk assessment

vii. Presentation of relevant models and good practices

viii. Risk management methodology and processof teaching are described in detail.

Lectures, seminars, laboratory practice, fieldwork, study and analysis of bibliography, tutorials, placements, clinical practice, art workshop, interactive teaching, educational visits, project, essay writing, artistic creativity, etc.

 

The student’s study hours for each learning activity are given as well as the hours of non-directed study according to the principles of the ECTS

Activity Semester workload
Lectures 40
Assignments 50
Independent study 60
Course total 150
STUDENT PERFORMANCE EVALUATION

Description of the evaluation procedure

 

Language of evaluation, methods of evaluation, summative or conclusive, multiple choice questionnaires, short-answer questions, open-ended questions, problem solving, written work, essay/report, oral examination, public presentation, laboratory work, clinical examination of patient, art interpretation, other

 

Specifically-defined evaluation criteria are given, and if and where they are accessible to students.

Written examination (70%)

Assignments (30%)

 

 

 

 

 

 

  • ATTACHED BIBLIOGRAPHY
– Suggested bibliography:

Chapman, C., & Ward, S. (2003). Project risk management: processes, techniques, and insights. Wiley.

– Related academic journals:

International Journal of Risk Assessment and Management

Risk Analysis

SRA Journal in Risk Analysis: An International Journal

The journal of enterprise risk management (JERM)

Journal of Financial Risk Management

Journal of Risk Management in Financial Institutions

Risk management – Springer