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Foundations of risk analysis and risk science RAG500

This course covers fundamental issues related to risk analysis and risk science, with emphasis on basic concepts and principles. Risk analysis and science here includes risk assessment, risk characterization, risk perception, risk communication, risk management, risk governance and policy relating to risk. 


Course description for study year 2021-2022. Please note that changes may occur.

Facts
Course code

RAG500

Credits (ECTS)

10

Semester tution start

Autumn

Number of semesters

1

Exam semester

Autumn

Language of instruction

English

Offered by

Faculty of Science and Technology, Department of Safety, Economics and Planning

Learning outcome

After completing the course the student shall:  

Knowledge

  • have in-depth knowledge of central concepts, principles, methods and models of risk analysis and risk science,  covering risk assessment, risk characterization, risk perception, risk communication, risk management, risk governance and policy relating to risk.

Skills

  • be able to identify state of the art concepts, principles, methods and models of risk analysis and risk science
  • be able to use  basic concepts, principles, methods and models in risk analysis and risk science settings
  • be able to support the tackling of risk problems using contemporary risk analysis and science

General competence

  • having a risk science perspective on current societal risk issues and problems
Content
This course covers fundamental issues related to risk analysis and risk science, with emphasis on basic concepts and principles. Risk analysis and science here includes risk assessment, risk characterization, risk perception, risk communication, risk management, risk governance and policy relating to risk. More specific topics include: What is risk analysis and risk science? The distinction between applied risk analysis and generic (fundamental) risk analysis. The risk concept. Risk metrics and characterizations. Risk, uncertainties and knowledge. Surprises and the unforeseen (black swans). The probability (likelihood) concept. Risk problem categorizations.  Related concepts like hazards, threats, opportunities, vulnerabilities, resilience, safety, security and risk source. Basic risk assessment and management principles, approaches and methods. Theories of risk perception and communication.  
Required prerequisite knowledge
None
Exam
Form of assessment Weight Duration Marks Aid
Written exam 1/1 4 Hours A - F Basic calculator specified in general exam regulations

Digital exam (INSPERA)

Course teacher(s)
Course coordinator: Terje Aven
Casual teacher: Ingrid Glette-Iversen
Course teacher: Kjartan Bjørnsen
Course teacher: Anders Jensen
Course coordinator: Terje Aven
Head of Department: Tore Markeset
Method of work
2 hours teaching per week. Student-active methodology is a key element in the pedagogical work form. The course is based on the use of videos reflecting basic curriculum and discussion of key issues related to this curriculum
Open for
Course only open to Master students in Risk analysis 
Course assessment
Course evaluation takes place according to the Faculty guidelines.
Overlapping courses
Course Reduction (SP)
Risk analysis and risk management (RIS500) 5
Risk analysis and risk management (RIS500) 10
Literature
Search for literature in Leganto