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Risk Theory and Modeling

WZ0043Specialization in Management5 ECTSEnglishwinter semesterLehrstuhl für Produktions- und Ressourcenökonomie landwirtschaftlicher Betriebe (Prof. Sauer, Joint Appointment der TUM School of Management und TUM School of Life Sciences)
AI-edited module sheet. Based on the TUMonline module description, edited for readability.Original in TUMonline

What it is about

You learn how risks are identified and quantified across different industries and how economic decisions are made under uncertainty. In the end you will be able to apply mathematical tools for risk assessment, analyze portfolios and production decisions under risk, and understand economic analyses from the literature.

What you will be able to do

  • Understand sources and definitions of risk
  • Classify decisions under risk economically
  • Apply mathematical methods for risk assessment
  • Use risk metrics such as value-at-risk
  • Analyze portfolio and production decisions under risk
  • Critically read scientific literature on decision analysis under risk

What the module consists of

  • Vorlesung (2 SWS)Presentation of concepts and tools; interactive instruction and answering questions
  • Übung (2 SWS)Application of lecture content; practical exercises and discussion of selected Fachpublikationen

Teaching method

  • Vorlesungsfolien/PräsentationIntroduction to concepts and tools
  • Interaktive VorlesungEnsure questions are answered immediately
  • Übungsaufgaben / Excel-DateienPractical application and deepening of methods
  • Besprechung wissenschaftlicher ArtikelInsight into how the content is applied in research

Dates

LectureRisk Theory and Modeling - Lecture (WZ0043, englisch)

  • Fri12:00–14:00Online: Videokonferenz
    15× · 16.10.–05.02.
    • 16.10.
    • 23.10.
    • 30.10.
    • 06.11.
    • 13.11.
    • 20.11.
    • 27.11.
    • 04.12.
    • 11.12.
    • 18.12.
    • 08.01.
    • 15.01.
    • 22.01.
    • 29.01.
    • 05.02.

ExerciseRisk Theory and Modeling - Exercises (WZ0043, englisch)

  • Fri14:00–16:00Online: Videokonferenz
    15× · 16.10.–05.02.
    • 16.10.
    • 23.10.
    • 30.10.
    • 06.11.
    • 13.11.
    • 20.11.
    • 27.11.
    • 04.12.
    • 11.12.
    • 18.12.
    • 08.01.
    • 15.01.
    • 22.01.
    • 29.01.
    • 05.02.

From the current semester, not binding.

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Official page in TUMonline · Details are not binding.