Professional studies

Teaching language


Type of course


Cycle/level of course


Recommended year of study


Total number of ECTS

5 cr

Competency aims

One aim of the course is that the student is familiar with the concept of risk in a general business context and how risks are identified, assessed and managed. The other aim of the course is that the student understands the concepts of economic, social and environmental sustainability, and what these mean in different business contexts (?CSR?).

Learning outcomes

The student is able to make structured risk analyses for different business situations. The analyses include systematic identification of risks, assessing risk probability and consequence as well common methods for risk elimination, reduction or mitigation. The student is able to assess the sustainability of different business models in accordance with internationally established sustainability programs and best practices. The student is able to prepare simplified corporate sustainability reports for common business cases.

Course contents

The concept of risk including systemic risk Risk assessment and matrices Risk management software Risk elimination, reduction and mitigation techniques Sustainability and Corporate Social Responsibility as concepts Sustainability standards Sustainability reports

Prerequisites and co-requisites

A minimum of 2 courses in the module passed, or equivalent knowledge

Recommended or required reading

Wolke, Thomas. Risk Management, Walter de Gruyter GmbH, 2017. ProQuest Ebook Central, https://ebookcentral-proquest- com.ezproxy.arcada.fi:2443/lib/arcada- ebooks/detail.action?docID=5144613. Paetzold, Kolja. Corporate Social Responsibility (CSR): an International Marketing Approach, Diplomica Verlag, 2010. ProQuest Ebook Central, https://ebookcentral-proquest- com.ezproxy.arcada.fi:2443/lib/arcada- ebooks/detail.action?docID=595333. Articles and webpages as directed by the teacher during lectures. Alternative literature with similar content may also be used.

Study activities

  • Lectures - 20 hours
  • Excursions and demonstrations - 20 hours
  • Project- and production work/artistic activities - 95 hours


  • Total workload of the course: 135 hours
  • Of which autonomous studies: 135 hours
  • Of which scheduled studies: 0 hours

Mode of Delivery

Participation in tuition

Assessment methods

Essays, reports, productions and portfolio

Assessment requirements

To pass the course the student must obtain a minimum of 50 points of 100. Points are obtained through participation (maximum 10 points) and taking of assignments given during the course. Assignment scores are final and cannot be improved on, but in case the entire course is failed the student will be given an opportunity to redo some assignments in order to pass. Failure to submit through itslearning by the deadline will reduce each assignment points by a maximum of 20%. There is no written exam in the course.


Broth Joacim


Fabricius Susanna

Home page of the course


Group size

No limit

Assignments valid until

12 months after course has ended

Assessment methods

Date will be announced later - Reports and productions

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