GE1204Living with the Unexpected and Unknown in Modern Society

What you will study

Course overview

From a practical utilitarian perspective, this course aims to equip students with an understanding of risks faced in modern society emanating from the interrelationship among humans, and between humans and their natural (physical), biological, technological, behavioral and financial environments. It seeks to develop students' ability to assess risk from multiple perspectives including economics, sociology, psychology, engineering, law, political science, and geography in a global context. Building on this understanding of risk, the course introduces students to the concept and process of risk management, which helps develop their ability to deal with risks both known and unknown. From a theoretical perspective, the course introduces students to various theoretical positions in risk literature and helps develop their ability to engage in debates of major risk management doctrines and issues in modern society, both verbally and in written form, with the appropriate supporting reasons and analyses, individually and in a team environment.

Official PDF, page 2 · Abstract

Course content

1. Understanding and Categorizing Risks in modern Society 2. Theoretical positions in Risk Literature 3. Risk management process ‒ Living with the unexpected and unknown 4. Individual Risk (Health) 5. Society Risk (Social Welfare, Pandemic) 6. Global Risk (Risk of Terrorism, Environmental Risk) 7. Risks faced by Business 8. Risk Management Tools 9. Debates in Risk Management

Official PDF, page 6 · Keyword Syllabus

Intended learning outcomes

View official learning outcomes and conditions

CILOs                                                Weighting (if DEC-A1        DEC-A2          DEC-A3
                                                                    app.)
1              Explain the concepts of risk and risk                             x              x
               management in modern society from the
               perspective of social science and economics.
2              Discuss the psychological and behavioural                         x              x
               attributes that influence one’s subjective
               perception of risk and derail human's rational
               behaviour (e.g., risk aversion, sunk cost fallacy,
               etc.)
3              Describe risk and risk management strategies at                   x              x
               the individual, firm, society, and global level and
               apply risk management tools covered in class to
               real-life problems.
4              Explain the complexities of and controversies in                  x              x
               risk management practices in modern society
               and why there is no one-size-fits-all situations.
5              Communicate your ideas and insights verbally                      x              x
               and in written form.

Official PDF, page 2 · Course Intended Learning Outcomes (CILOs)

Before you take this course

Check prerequisites, precursors and corequisites separately, together with equivalence and exclusion conditions. “and” means conditions must be met together; “or” marks alternatives. Read combined conditions in the groupings shown in the original text below.

Prerequisites

Nil

Official PDF, page 1 · Prerequisites

Precursors

Nil

Official PDF, page 1 · Precursors

Corequisites

This edition of the official syllabus does not state this item.

Additional course requirements

This edition of the official syllabus does not state this item.

Equivalent courses and conditions

Nil

Official PDF, page 1 · Equivalent Courses

Exclusive courses and conditions

Nil

Official PDF, page 1 · Exclusive Courses

Assessment and passing the course

Assessment

Continuous Assessment (%): 60; Examination (%): 40; Examination Duration (Hours): 2

View the original assessment table and instructions

ATs                  CILO No.              Weighting (%)         Remarks ("-" for     Allow Use of
                                                                                       nil entry)           GenAI?
1                     Individual written 1, 2, 3, 4, 5           15                    Students are         Yes
                      report*:                                                         encouraged to use
                      Students are                                                     GenAI tools in any
                      required to read                                                 way that supports
                      the assigned article                                             their learning and
                      and answer 4-5                                                   coursework.
                      questions.

2                    Group case            1, 2, 3, 4, 5        30                 Students are         Yes
                     presentation*:                                                encouraged to
                     Students are                                                  incorporate
                     required to                                                   GenAI tools when
                     conduct group                                                 preparing and
                     projects to apply                                             delivering their
                     the various                                                   presentations.
                     concepts of                                                   They may also
                     risk and risk                                                 choose to reflect on
                     management tools                                              their experience
                     covered in class.                                             using GenAI during
                                                                                   the presentation,
                                                                                   including any
                                                                                   challenges
                                                                                   encountered—such
                                                                                   as overly generic or
                                                                                   inaccurate outputs.
3                    Participation:       1, 2, 3, 4, 5         15                 Students who         Yes
                     Students are                                                  effectively leverage
                     required to                                                   GenAI to uncover
                     participate in an                                             particularly
                     in-class discussion.                                          insightful
                                                                                   information
                                                                                   are encouraged
                                                                                   to share their
                                                                                   prompts during in-
                                                                                   class discussions,
                                                                                   which will
                                                                                   positively
                                                                                   contribute to their
                                                                                   participation score.

Official PDF, page 4 · Continuous Assessment (%),Examination (%),Examination Duration (Hours)

Passing requirements

*DEC element Final Examination: Students are required to take a final examination to evaluate their understanding of main concepts covered in class as well as their ability to apply knowledge related to the topics covered in class. Students are required to pass both coursework and examination components to guarantee to pass the course. Failing either component may lead to failure in the course.

Official PDF, page 4 · Additional Information for ATs