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This is the study programme for 2019/2020. It is subject to change.


In this course attention is given to economic analyses (both quantitative and qualitative) related to key topics in the field of risk management. Examples of topics covered are among others: investments in insurance vs. investment in safety measures, market incentives for safety, evaluation of the effectiveness of security measures, discussions upon different principles used in risk management, such as the ALARP principle and the use of risk acceptance criteria. The appropriateness of using cost-benefit analyses, cost-effectiveness analyses and multi-attribute analyses as decision support tools in safety management is also covered.

Learning outcome

After taking and passing the course student shall:
Knowledge
  • be able to understand economic analyses (both quantitative and qualitative) related to issues in the field of risk management

Skills
  • have the ability to conduct simple economic analyses (both quantitative and qualitative) related to issues in the field of risk management

General competence
  • be able to plan and implement various projects in risk management in an independent manner, and contribute constructively in interdisciplinary teams.

Contents

In this course attention is given to economic analyses (both quantitative and qualitative) related to key topics in the field of risk management. Examples of topics covered are among others: investments in insurance vs. investment in safety measures, market incentives for safety, evaluation of the effectiveness of security measures, discussions upon different principles used in risk management, such as the ALARP principle and the use of risk acceptance criteria. The appropriateness of using cost-benefit analyses, cost-effectiveness analyses and multi-attribute analyses as decision support tools in safety management is also covered.

Required prerequisite knowledge

None.

Recommended previous knowledge

RIS500 Risk analysis and risk management

RIS 500 Risk analysis and risk management

Basic course in microeconomics

Exam

Oral exam
Weight Duration Marks Aid
O-DAY1 A - F
O-DAY240 minutesA - F
O-DAY340 minutesA - F
O-DAY440 minutes
O-DAT540 minutes

Course teacher(s)

Course coordinator
Eirik Bjorheim Abrahamsen
Head of Department
Tore Markeset

Method of work

Individual work or group work. Student-active methodology and close dialogue between student and teacher are key elements in the pedagogical work form. Approx 3 hours each week

Open to

Industrial economics - Master's Degree Programme
Industrial economics - Master's Degree Programme - 5 year

Course assessment

The course is evaluated in line with Faculty guidelines

Literature

Selected articles are published on Canvas before the course starts


This is the study programme for 2019/2020. It is subject to change.

Sist oppdatert: 17.10.2019