The course will enable students to gain conceptual and practical skills that enable them to pursue a career in political risk consulting. After completing the course, students will be able to: 1. Describe the most relevant methods used for risk assessment, understanding the theories behind them ("Knowledge and understanding"); 2. Analyze key concepts and notions in the field of political risk for corporate actors and apply them to case studies across different industries, as well as the role and features of the most important governmental and non‐governmental organizations conducting political risk analysis ("Applying knowledge and understanding"); 3. Critically assess the most relevant methods political risk analysis, understanding their strengths as well as their limitations ("Making judgements"); 4. Simulate and deliver a professional presentation based on a political risk analysis report they will develop during the course ("Communication skills"); 5. Acquire notions and skills necessary to autonomously deepen their knowledge of issues connected to political risk analysis ("Learning skills").

The course will enable students to gain conceptual and practical skills that enable them to pursue a career in political risk consulting. After completing the course, students will be able to:

Political risk analysis can be described as a practice-driven set of activities performed every day by corporate and governmental actors to provide investors with insights into questions that escape the realm of conventional business risks, as they pertain instead to the world of socio-political events. After outlining the main methodological challenges that must be faced when considering the role of uncertainty and risk in a fast‐changing, globalized environment, this course explores the ways in which political risk assessment can be incorporated in investment decisions. Topics covered include the analysis of the most widely used techniques in economic and political forecasting (e.g. statistical extrapolation, game theoretical approaches, Delphi techniques, prediction markets, expert judgment), as well as the role of the digital revolution both as a catalyzer for new ‘cyber’ risks and as a generator of new tools for the collection and analysis of intelligence (e.g. Big data and the ‘internet of things’).

McKellar, R. (2017). A short guide to political risk. Routledge. Wikinson, P. (2007). International Relations: A Very Short Introduction. Oxford University Press. B. Schwenker, and T. Wulf. "Scenario-based strategic planning”, New York: Springer (2014). Additional readings provided in class will be uploaded on the Learn Platform

Lectures, case discussions, group projects

Newsletter (V – individual) [10%] Expert Opinion (V – individual) [10%] Report (V – Group) [20%] Presentation (V – Group) [20%] Scenario (G – Individual) [40%]

Interest in the discipline, active participation during the course, research proposal to be discussed with the Professors.