Natural Hazards and Financial Risk.

Catalog description

Society's growing exposure to the financial risks associated with natural hazards (e.g., flood, drought, extreme temperatures) has made it increasingly important to both accurately quantify these risks and develop innovative strategies for managing them. This course provides exposure to the fundamentals of financial risk management with application to natural hazards an emphasis on developing coupled models that consider natural variability, engineered/managed structures and financial/economic factors. Students will learn to (i) model the financial risk posed by extreme events; (ii) understand the merits of various risk management tools; and (iii) develop effective strategies for managing natural hazard-based financial risk.