Aller à : contenu haut bas recherche
 
 
EN     FR
Vous êtes ici:   UNIL > HEC Inst. > HEC App. > SYLLABUS
 
 

Risk Management

  • Teacher(s):   J.Wagner  
  • Course given in: French
  • ECTS Credits: 3 credits
  • Schedule: Spring Semester 2019-2020, 2.0h. course (weekly average)
  •  sessions
  • site web du cours course website
  • Related programmes:
    Bachelor of Science (BSc) in Economics

    Bachelor (BSc) in Economic Sciences

    Bachelor of Science (BSc) in Management

[warning] This course syllabus is currently edited by the professor in charge. Please come back in a few days. --- For your information only, here is the old syllabus :

Objectives

Course objectives

Provide the student with solid knowledge in risk management.

General objective

At the end of the course, the student will be able to define the concept of "risk", to understand and explain the process of risk management as applied in companies, to distinguish alternative approaches for managing risk, among them insurance contracts play an important role, to know the main risk measures, and to determine the (base) price of simple insurance contracts.

Specific aims

  • Define the concept of risk and consider it from various perspectives.
  • Know the different stages of the risk management process and apply them to simple situations.
  • Know the theoretical justifications of insurance. Be able to define what is a utility function, state and comment on the concepts of utility theory.
  • Be able to define the "value at risk" (VaR) and other risk measures.
  • Know the basic life insurance and general insurance products; give the uses and characteristics; assess the base price of selected insurance covers.

Contents

  • Chapter 1. Introduction: the Concept of "Risk"
  • Chapter 2. The Risk Management Process
  • Chapter 3. Valuation of Risks
  • Chapter 4. Risk Transfer and Insurance Economics
  • Chapter 5. Private Insurance and Risk Pricing
  • Chapter 6. Alternative Risk Transfer ("ART")
  • Chapter 7. Cyber Risk Managemenet and Insurability

References

Comprehensive set of lecture slides and notes are provided.
References (for information):

  • Louisot, 2014, Gestion des risques
  • Gaillard et Louisot, 2014, Diagnostic des risques
  • Darsa, 2012, La gestion des risques en entreprise – identifier, comprendre, maîtriser
  • Hull, Godlewski et Merli, 2012, Gestion des risques & institutions financières
  • Borghesi and Gaudenzi, 2013, Risk Management
  • Frenkel, Hommel and Rudolf, 2005, Risk Management – Challenge and Opportunity

Further references are provided during the course.

Pre-requisites

None

Term project

- Type of project : Research on a topic chosen from the course
- Maximum number of projects admitted for this course : 10
- Deadline for applying to course professor for project : Friday 1st March 2019 (acceptance communicated by Monday 4th March 2019, "kick-off" meeting Wednesday 6th March 2019)
- Deadline for submitting finished project : Friday 24th May 2019
- Method of evaluation (including resit options) : Written report (retake: revised report to be submitted until 1st day of retake exam period)
- Other information : Application by e-mail including risk management topic and motivations. The topic and its motivation are integral part of the selection process. Presence at "kick-off" is mandatory except justifiable absence. More details are communicated in the first lecture.

Evaluation


 

First attempt


 
Exam:
Written 2 hours
Documentation:
Not allowed
Calculator:
Allowed with restrictions
Evaluation:

Final grade = grade of the exam.

Important : Caculators allowed with restrictions. Scientific calculators along guideline are allowed : TI-30X II (Eco, B ou S), HP 10S – HP 10S+


 

Retake


 
Exam:
Written 2 hours
Documentation:
Not allowed
Calculator:
Allowed with restrictions
Evaluation:

Same conditions as regular session.



[» go back]           [» courses list]
 
Search


Internef - CH-1015 Lausanne - Suisse  -   Tél. +41 21 692 33 00  -   Fax +41 21 692 33 05
Swiss University