Faculty of Economics and Management

Risk Management_D3_Management of business organisations

ANNOTATION

OF THE ACADEMIC DISCIPLINE “RISK MANAGEMENT”
Recommended for applicants pursuing the first (Bachelor’s) level of higher education

Purpose of the Discipline

To familiarize students with the fundamentals of modern economic risk theory and, based on the acquired systematized information, to develop a comprehensive system of knowledge and practical skills related to risk management methodology, as well as to master practical tools for applying techniques and methods of risk reduction. To acquire skills in developing and using risk management models for the effective functioning of an enterprise.

The interdisciplinary connectionsof the discipline “Risk Management” are determined by the specifics of bachelor training and are based on the theoretical foundation of management and methodological principles of related economic disciplines, such as enterprise economics, management, statistics, probability theory, fundamentals of risk theory, etc

Table 1 – Teaching Methods and Learning Outcome Assessment Tools for the Discipline “Risk Management” in Accordance with Learning Outcomes

NQF Descriptors (learning outcomes)

Teaching Methods

Assessment Tools / Forms of Evaluation

1.

Knowledge:

1.1 Understanding the essence of the concepts “risks,” “risk identification and qualitative and quantitative analysis,” “game theory,” “utility,” “insurance and risk transfer”; characteristics of different types of risks

 

lecture, seminar, discussion

presentation of results, oral questioning, test, case study, control exercises, module test.

1.2 Understanding the content of processes for substantiating entrepreneurial decisions under uncertainty requiring new approaches, elements of game theory and utility theory

 

1.3 Knowledge of methods and technologies for qualitative and quantitative assessment of possible risks and socio-economic consequences of entrepreneurial decisions

 

lecture, seminar-discussion with elements of analysis, solving tasks and situations, case analysis

1.4 Understanding substantial differences between various scenarios and development strategies when implementing financial and investment decisions

 

2.

Skills/Abilities

2.1 Identifying and assessing entrepreneurial risks

 

 

lecture, seminar, solving practical tasks

Presentation of results, survey, test, case study, control exercises, modular work,

test

2.2 Developing and substantiating entrepreneurial decisions based on a set of methods and models and a system of indicators for economic justification of decisions

 

2.3 Solving problem-based issues and non-standard situations in professional activity under conditions of uncertainty, risks, and conflicts

 

lecture, solving specific tasks and situations

2.4 Identifying, analyzing, and assessing risks using computer technology and software-mathematical tools

 

lecture, seminar, situational exercises

2.5 економічно обґрунтовувати напрями та методи регулювання підприємницьких ризиків на підприємстві.

 

 

lecture, extended seminar discussion, seminar-discussion, situational exercises

3.

Communication:

 Developing practical teamwork

 

seminar, discussion, solving specific problems and situations

 

Verification of calculation work, case studies, verification of specific tasks and situations, presentation,

test

3.1Communicating information, ideas, problems, solutions, personal experience, and arguments

 

3.2Ability to work in a team and assume responsibility to achieve a common goal

 

3.3 Communicating orally and in writing on professional issues with participants of economic relations regarding business growth and development

 

3.4 Ability to develop proposals to eliminate identified shortcomings, errors, and dev

 

 

4.

Responsibility and Autonomy: Demonstrating understanding

4.1 Forming judgments considering social, scientific, and ethical aspects

 

seminar, discussion, problem-solving, analytical report

Verification of calculation work, case studies, verification of specific tasks and situations, presentation,

test

4.2 Organizing and leading the professional development of individuals and groups

 

4.3 Justifying operational, tactical, and strategic managerial decisions concerning the financial and economic development of an enterprise

 

4.4 Generating personal practical ideas based on principles of academic culture and integrity

 

4.5 Ability to continue learning with a high degree of autonomy

 

4.6 Ability to think independently and critically

 

     
 

Content of the Academic Discipline by Topics

  1. Essence, content, and types of risks
  2. Qualitative and quantitative risk assessment
  3. Risk management: concepts, principles, methods, and international standards
  4. Operational, marketing, and foreign economic risk management
  5. Justification of financial and investment decisions under risk
  6. Risk and utility theory
  7. Risk modeling and optimization, game theory
  8. Risk insurance

Academic Staff Teaching the Discipline

Klymenko Svitlana Mykhailivna,
PhD in Economics, Associate Professor of the Department of Business Economics and Entrepreneurship
Kyiv National Economic University named after Vadym Hetman
Email: Svitlana.Klymenko@kneu.edu.ua

Recommended Information Sources

  1. Kibik O., Slobodyanyuk O., Kuznetsova L. Risk Management: Educational-Methodical Manual. National University “Odesa Law Academy”. Odesa: Phoenix, 2024. 84 p.
  2. Hudz O.Ye., Zakharzhevska A.A. Enterprise Risk Management in the Context of Digitalization: Textbook. Kropyvnytskyi: Publisher Lysenko V.F., 2023. 176 p.
  3. Savchuk V. Risk Management. Kyiv: Laboratory, 2024. 300 p.
  4. Voloshyn V.S., Klyenin O.V. Risk – Alternative Methods of Analysis. Kyiv–Mariupol: FOP Samchenko A.M., 2024. 496 p.
Last redaction: 22.02.26