Course Catalog and Schedule



Risk Lab (DECS-920-0)
1.00 Credit
TCE BidStats

Description:
The famous American Economist, Frank Knight said, “Profit is the reward for taking risk.” Dr. Knight argues that profit and risk are intertwined. In seeking profits, we must therefore seek risks that are attractive. In the Risk Lab, students examine the attractiveness of risk in a real-world investment decision. The Risk Lab is an experiential learning course, focused on evaluation of risks facing a company or business venture. Students will develop skills in performing risk evaluations in real-world settings. Special emphasis will be given to the investment in the venture, the risks and their impacts, and how to best communicate the impacts of risk when evaluating an investment decision. Projects in the Risk Lab are sponsored by companies, offering students exposure to real-world business challenges, complete with complexities and other realities. The focus of evaluation in these real-world settings is not necessarily to avoid risk or even to directly reduce it, but rather to understand the risk and evaluate its properties, for the purpose of investment consideration. Such examinations may include, for instance, the impact of international economic changes, market trends, policy adjustments, and competitive action, etc. on the enterprise and its profit. The goal of the class is to develop skills in identifying risks, evaluating the nature and impact of risks, and gaining experience in communicating the impact of those risks in the context of an investment decisions. The course will focus on using analytical techniques (such as forecasting, regression analysis, simulation, sensitivity analysis, and scenario analysis) to evaluate the impact of identified risks on the enterprise. Teams are expected to develop risk models in a spreadsheet environment and may also be required to research industry and international trends to provide measures of risk indicators. Note: This course may not be dropped after the first week of the quarter.

Prerequisites:
All Students: ( DECS-434-0 OR DECS-431-0 OR DECS-437-0 OR DECS-445-0 OR DECS-439-B ) AND ( FINC-430-0 OR FINC-440-0 )

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Academic Year Term   Course ID Title Sec ID   Credits Syl Instructor Times Campus Location Mand 1st Exam
2013-2014 Fall 2013 DECS-920-0 Risk Lab 61 1 Walker, Russell Tue 10:30 AM - 12:00 PM Evanston Jacobs (165) N