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363-1114-00L 3 Credits MSC , NDS D-MATH , D-MTEC
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Introduction to Risk Modelling and Management

Lecturers & Examiners: Prof. Dr. David N. Bresch, Dr. Hélène Schernberg
VVZ CR n/a

Last Updated: 2026-02-05 16:39:11

Abstract

This course is a practical, hands-on introduction to various aspects of modelling, dealing with and managing risks across different industries, contexts and applications.

Objective

The course illustrates what is required of the 21st century’s risk manager. It provides a qualitative and quantitative introduction to some of the various risks that societies and businesses face and to their management. The course encourages students to think critically about models and mathematical representations of risks. It identifies and explores the current challenges of managing today’s risks given available technologies. After taking this course, students can formulate a risk analysis problem with quantitative methods in a particular field.

Content

The course describes the building blocks of risk modelling as well as the process of risk-management. It examines at different approaches to modelling and dealing with as well as mitigating different kind of risks in different industries. The lectures emphasise the decision-making processes in various businesses and how risk-management relates to a company's value chain. Applications range from enterprise risk management, natural catastrophes, climate risk, energy market risk, risk engineering, financial risks, operational risk, cyber risk and more. Note that the programme varies every year. Therefore, all aforementioned topics are not necessarily explored every year. The panel of lecturers comprises risk professionals from various industries and government as well as academics from different disciplines. The course covers the following areas: 1. Fundamentals of Risk Modelling: Probability, Uncertainty, Vulnerability... 2. Fundamentals of Risk Management and Enterprise Risk Management 3. Risk Modelling and Management across Different Areas, with invited speakers

Resources

Lecture Notes

The course materials are provided via Moodle. For each session, slides (and in most cases a video recording) are available.

Literature

Additional readings will be discussed during the lectures.

General Information

Language
English
Levels
MSC , NDS
Frequency
Yearly recurring

Examination

Type
graded semester performance

Course Components

Type Title Time & Place Hours
lecture Introduction to Risk Modelling and Management
The lecture takes place in presence and will be recorded.
  • Wed 08:15-10:00 (HG D 3.2)
2 h weekly

Offered In