FIN 6210: Perspectives of Risk Management and Insurance
Dr. Kenneth J. Wiant
Office: JH 334
Telephone: 372-3878
E-mail: kwiant@tntech.edu
Office Hours: Mon. & Wed. 10:15 a.m. – 11:15 a.m.,
12:00 p.m. – 1:30 p.m.,
3:00 p.m. – 3:30 p.m.,
and by appointment.
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COURSE OBJECTIVES |
FIN 6210 covers the fundamentals of risk management and insurance, and provides a basis for assessing risk and decision making to enhance business and personal value.
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PREREQUISITES |
n/a. |
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REQUIRED TEXT |
Required: · Risk Management and Insurance, Scott E. Harrington, Gregory R. Niehaus, Second ed., McGraw-Hill/Irwin (2004).
Encouraged: · The Wall Street Journal |
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Teaching METHOD
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Lecture, discussion, and written assignments. |
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International Business Content
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International risk management |
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Ethics Content
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Discussed throughout course. |
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GRADING |
Course grades will be based upon your performance on two exams (a mid-term and final) worth 60%, and written assignments worth 40% |
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Total Points Grade 90-100 A 80-89 B 70-79 C 60-69 D less than 60 F |
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ACADEMIC MISCONDUCT |
A fundamental principle of academic, business and community life is honesty. Violation of this ethical concept will result in penalties ranging from a grade of "F" on the work and referral to the Vice President for Student Affairs. Consult your Student Handbook. |
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Students with Disabilites |
Students with a disability requiring accommodations should contact the Office of Disability Services (ODS). An Accommodation Request (AR) should be completed as soon as possible, preferably by the end of the first week of the course. The ODS is located in the Roaden University Center, Room 112; phone 372-6119." |
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Topic |
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Primary Reading |
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Risk: |
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1 |
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Risk, risk management, and its objective |
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Chapters 1 and 2 |
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2 |
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Risk identification and measurement |
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Chapter 3 |
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3 |
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Diversification and pooling |
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Chapter 4 |
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Insurance: |
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4 |
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Insurance firms: organizational & financial structures |
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Chapter 5 |
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5 |
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Regulatory environment |
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Chapters 6 and 7 |
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6 |
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Insurance pricing |
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Chapter 8 |
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7 |
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Risk and Insurance |
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Chapters 9 and 10 |
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Managing risk: |
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8 |
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Loss control |
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Chapter 11 |
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9 |
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Legal liability |
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Chapter 12 |
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Midterm Exam |
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Personal insurance: |
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10 |
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Auto |
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Chapter 13 |
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11 |
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Homeowners |
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Chapter 14 |
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12 |
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Life & annuities |
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Chapter 15 |
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Employment related benefits, risk & insurance issues: |
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13 |
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Benefits |
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Chapter 16 |
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14 |
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Retirement |
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Chapter 17 |
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15 |
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Workers Compensation |
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Chapter 18 |
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16 |
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Social Security |
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Chapter 19 |
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Introduction to business risk management: |
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17 |
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Risk and shareholder wealth |
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Chapter 20 |
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18 |
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Accounting and tax issues |
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Chapter 21 |
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19 |
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Risk management choices |
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Chapter 22 and 24 |
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20 |
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Business insurance |
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Chapter 23 |
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Final Exam |
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This syllabus is subject to change as needed.