ASRK22006U Risk, Regulation and Governance

Volume 2024/2025

Security Risk Management

Only open for students from MSc in Security Risk Management

The course is unfortunately not for exchange students.


The course focuses on the societal and organizational governance of risks, thereby training students to reflect critically and practically on how to govern, regulate and control risks. The course gives a comprehensive introduction to the legal, economic, informational and organizational instruments of risk governance, ranging from the broader rationalities of prevalent risk regulation regimes to the concrete tools and forms of intervention used by risk managers to shape individual and collective behavior. The course places particular emphasis on the shift from traditional command-and-control approaches to alternative concepts of smart regulation and good 18 governance, cost/benefit-analysis, behavioral design and industry regulation focused on better regulation of risk. The course combines a general approach to these issues with a focus on the development of concrete and comprehensive solutions. Students will thus be asked to design concrete interventions in response to specific societal problems and organizational challenges.

The course constitutes 7,5 ECTS credits.


Learning Outcome


  • master all major theories and fields of research concerned with the regulation and governance of risk.
  • critically discuss the socio-political, organizational and individual implications of regulatory responses to risk and security threats.



  • conduct comprehensive analysis of the regulatory challenges posed by complex risks and develop appropriate responses.
  • evaluate and combine different regulatory tools and instruments, based on a comprehensive consideration of their relative strengths and weaknesses in relation to specific risks.
  • communicate analysis and conclusions in a systematic and coherent way.



  • assess the efficiency and legitimacy of different tools and institutions in the field of risk regulation.
  • develop and improve regulatory responses to risks and security threats across different levels and fields of governance.

Course literature is a syllabus of 900 pages set by the lecturer and approved by the Board of Studies.

The course is a combination of classroom lectures, exercises and discussions
  • Category
  • Hours
  • Class Instruction
  • 28
  • Total
  • 28
Feedback by final exam (In addition to the grade)
7,5 ECTS
Type of assessment
Written assignment
Type of assessment details
Free written assignment
Marking scale
7-point grading scale
Censorship form
External censorship

- In the semester in which the course takes place: Free written assignment

- In subsequent semesters: Free written assignment

Criteria for exam assesment

Criteria for achieving the goals:

  • Grade 12 is given for an outstanding performance: the student lives up to the course's goal description in an independent and convincing manner with no or few and minor shortcomings
  • Grade 7 is given for a good performance: the student is confidently able to live up to the goal description, albeit with several shortcomings
  • Grade 02 is given for an adequate performance: the minimum acceptable performance in which the student is only able to live up to the goal description in an insecure and incomplete manner