MASTER SYLLABUS
Course number & title: BUS 327 - Risk and Insurance
Department(s): Finance
Credit hours: 3
Prerequisites: Econ 232, Econ 233, Math 208
Fees and charges: None
Effective catalog date for this master syllabus:
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1. Catalog description:
Economic theory of risk, its significance and treatment; theory and practice of property, liability, life and
health insurance.
2. Course content:
Introduction to risk and risk management. Business risk management, the risk manager's function and
relationship to other management functions. Risk identification and measurement fundamentals and
applications. Tools of risk management, their nature and selection. Insurance contracts and their uses.
Implementing an insurance decision.
3. Student learning objectives:
To identify the various events in business which may cause a risk of loss and the methods by which
business may protect against those types of losses; specifically, control, reduction, elimination,
retention, or transfer are the most effective methods of handling the risk of loss.
4. Student assessment criteria:
Objective‑type test: true or false, multiple‑choice questions, short‑answer questions, math and/or
statistical problems. The syllabus indicates that excessive absences can be detrimental to the student's
grade. Grading is on a percentage basis.
5. Additional information (optional):