RMI 8000 Perspectives on Risk and Insurance (3.0)
Prerequisite: none. CSP: 1, 6, 7. |
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This foundation course presents the economic principles underpinning risk and insurance and introduces key risk and insurance concepts and practices. The causes of change in risk management and insurance are examined through exploration of relevant physical, technological, cultural, regulatory, and other environmental perspectives. |
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RMI 8050 Risk Management Modeling (Replaces AS 8000) (3.0)
Prerequisite: none. CSP: 1, 2, 6, 7. |
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This spreadsheet-based course surveys the principles of probability theory and mathematical finance for solving a diverse set of risk management problems related to the valuation and measurement of operational and financial risk exposures of the firm. The course is designed for all students interested in risk management and its application in finance, accounting, strategic management and economics. |
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RMI 8120 Property and Liability Insurance (Replaces RMI 8110 and RMI 8130) (3.0)
Prerequisite: none. CSP: 1, 6, 7. |
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This course introduces the fundamental principles of property and liability insurance and a framework for designing and analyzing insurance contracts. The course examines property and liability loss exposures and their management, with primary emphasis on insurance. |
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RMI 8150 Corporate Risk Management (3.0)
Prerequisite: MBA 8130, MBA 8230. CSP: 1, 2, 6, 7. |
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Business organizations are exposed to loss-causing events that may have significant impact on their financial position. This course explores the analysis, control and financing of property, liability and human resource loss exposures. Risk analysis includes loss-forecasting studies using microcomputer spreadsheets. Risk control focuses on principles of loss causation and mitigation and techniques for implementing risk control strategies. Risk financing alternatives include both funded and unfunded approaches. Traditional insurance, loss-sensitive insurance, cash-flow plans, self-insurance, captives, pooling, and financial risk management arrangements are examined. Case studies synthesize the risk management concepts covered in the course. |
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RMI 8200 Life Insurance (3.0)
Prerequisite: none. CSP: 1, 2, 6, 7. |
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This course introduces the nature of life and health insurance risks and explores some of the products sold by life insurers to deal with them. Selected legal, financial planning, and company operations are covered, including underwriting, marketing, and product design. |
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RMI 8220 Employee Benefit Planning (3.0)
Prerequisite: Mgs 3400. CSP: 1, 2, 6, 7. |
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This course involves the analysis of social and group insurance systems designed to alleviate the financial problems arising from medical treatment, disability, and death. Primary emphasis is focused on design, tax, and administrative characteristics as they relate to employer sponsored benefit programs. |
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RMI 8240 Pension Planning 3.0
Prerequisite: Mgs 3400. CSP: 1, 2, 6, 7. |
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This course involves an analytical study of the characteristics and problems of the private approach for providing protection against the financial consequences of old age. Course emphasis is on the critical evaluation of effectiveness of plan design, with consideration given to cost, communications, taxation, collective bargaining, and the interrelationship with social insurance programs. Both insured and noninsured funding instruments are considered, and programs are discussed from both the funding agency's and the employer's viewpoints. |
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RMI 8320 Management of Insurance Institutions (Replaces RMI 8170 and RMI 8310) (3.0)
Prerequisite: MBA 8130, MBA 8230. CSP: 1, 2, 6, 7. |
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This course applies principles of economics and finance to the management of and creation of value in the insurance enterprise. Course topics encompass: 1) the theory of the firm as applied to the insurance enterprise; 2) the operational risk management of insurance institutions as a class of financial institutions; 3) the industrial organization of insurance markets within an integrated financial services industry; and 4) principal insurance business functions with an emphasis on significant issues and innovative strategies. The goal of this course is to equip students with concepts and tools that will help them respond to management challenges in a rapidly evolving industry. |
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RMI 8330 Insurance Law (Same as LGLS 8330 and LAW 7266) (3.0)
Prerequisite: none. CSP: 1, 6, 7. |
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This course comprises a study of the legal concepts and doctrines applicable to the field of insurance. Basic legal problems of the principal branches of insurance are dealt with including fire, marine, casualty, and life insurance. |
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RMI 8350 International Risk and Insurance (3.0)
Prerequisite: RMI 8000 or consent of instructor. CSP: 1, 6, 7. |
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This course is a study of the way risk is managed and insurance markets are structured internationally. The objective is to gain an understanding of different risk management approaches and insurance market structures internationally through an examination of relevant economic, social, regulatory and other environmental influences. |
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RMI 8370 Financial Risk Management (3.0)
Prerequisite: MBA 8130, MBA 8230. CSP: 1, 2, 6, 7. |
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The course presents the fundamentals of corporate financial risk management. The objective is a realistic and conceptually motivated overview of risk management for major global companies. The strategic approach to risk management requires an understanding of insurance and alternative risk financing, as well as financial, insurance and commodity derivatives. |
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RMI 8380 Insurance Regulation and Public Policy (3.0)
Prerequisite: MBA 7020 or Math 1070, MBA 7030 or Econ 2106. CSP: 1, 2, 6, 7. |
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This course provides students the conceptual and institutional foundations underlying the regulation of the insurance industry at the national and international level. The conceptual portion of the course includes topics in normative and positivistic theories of regulation, the economics of insurance markets, and market failures. The institutional portion of the course applies regulatory concepts in examining the financial oversight of insurers and the regulation of insurance prices, products and market conduct. Additionally, the course reviews government policies towards insurance in areas such as mandated coverage, antitrust, taxation, government insurance program and international trade. |
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RMI 8389 Directed Readings in Risk Management and Insurance (1.0 to 3.0)
Prerequisite: consent of a graduate adviser in Department of Risk Management and Insurance, good academic standing. CSP: 1, 6. |
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RMI 8390 Electronic Commerce in the Insurance Industry (3.0)
Prerequisite: CIS 8110, CIS 8660, Econ 8700, MBA 8140, MK 8700; or consent of the instructor. CSP: 1, 2, 6, 7. |
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This course is the integrative/application course for students taking an electronic commerce sequence. The course provides students with a broad overview of electronic commerce in the insurance organization and how it impacts all of the functional areas of the firm: marketing, law, actuarial, finance, investment, information technology, underwriting, claims administration, and operations. It provides an integrative and multidisciplinary approach to the operation of an insurer. Previous knowledge of the insurance industry is not required. |
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RMI 8500 Advanced Studies in Risk Management and Insurance (3.0)
Prerequisite: RMI 8000 and at least two other 8000-level RMI courses; or consent of the instructor. CSP: 1, 6, 7. |
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This course is designed for the supervised study and investigation of specific topics and problems in the field of risk management and insurance. Topics vary with the professional goals and interests of the student. |
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RMI 9000E Probability Theory (3.0)*
CSP 1,2,7. Students are expected to have satisfied the mathematical and statistical foundations requirements for the RMI doctoral program. GSU equivalent course work is AS 4120, AS 4130, or Math 4751, Math 4752 for the statistical requirement. |
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This course offers the basics of probability theory including probability spaces, measures, F –algebra, convergence of random variables, and moments. The course highlights the probability theory concepts that arise in financial and actuarial applications. This includes an introduction to stochastic processes, conditioning, martingale theory, as well as classical results from ruin theory and more recent approaches to modeling extreme events. The course provides a solid foundation in probability theory and the ability to use its concepts as risk management tools. |
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RMI 9010E Computational Methods in Risk (3.0)*
Prerequisites: Admission to Ph.D. Program. |
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Computational methods explores the intersection of risk and computation. This course will cover as the first part of a two part sequence computational econometrics and statistics, computational risk and finance, and the computational modeling of dynamic systems. The material covered in the course will be continuously updated to reflect advances in the field. |
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RMI 9040E Stochastic Processes (3.0)*
Prerequisites: Admission to Ph.D. Program. |
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This PhD level course provides a rigorous introduction to stochastic processes. We introduce and rigorously analyze various types of stochastic processes; especially those that are particularly relevant in finance/economics/risk management. In the first part of the course, the basic tenets of measure-theoretic probability are reviewed and random functions are introduced. In the second part of the course, we study linear transformations of random processes and processes with independent increments. In the third part of the course, we study Jump Markov processes and diffusion processes. |
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RMI 9050E Introduction to Game Theory and Mechanism Design (3.0)*
Prerequisites: Admission to Ph.D. Program. |
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The course provides an introduction to game theory. The course develops the key concepts of Nash equilibrium, subgame perfection and incomplete information. The first part of the course introduces a concept of a game. Then it discusses Nash equilibrium that allows one to make predictions about the outcome of a game. The second part the course analyzes dynamic games with perfect information and discusses the notions of commitment and time consistency. In the third part of the course the concepts of Nash equilibrium is extended to the games of incomplete information. In the forth part it discusses some topics in dynamic games with incomplete information. |
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RMI 9100 Theory of Risk and Insurance (3.0)
Prerequisite: consent of a graduate adviser in the Department of Risk Management and Insurance. CSP: 1, 2, 6, 7. |
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This course is a study of the generalized concept of risk and the alternative methods of risk accommodation from the viewpoint of the individual and businessperson. Special consideration is given to the theory of insurance and its proper utilization relative to risk. |
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RMI 9250 Reading Seminar in Risk and Insurance (3.0)
Prerequisite: consent of a graduate adviser in the Department of Risk Management and Insurance. CSP: 1, 2, 6, 7. |
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| * Experimental Courses |
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