Available in 2021
Course code



10 units


1000 level

Course handbook


Global companies continually face an increasing variety of business, political, economic and security risks that can directly impact both operation and profit. This course identifies and analyses the multi-level risk environments facing today's global businesses and investigates strategies to identify, assess, manage and mitigate international and geopolitical risk.

Focusing upon multinational enterprise and expropriation; sovereign risk and corruption; political and regulatory risk; brand and corporate reputation risk; financial and economic risk; risk from NGOs; consumer, human right and protest group risks; and terrorism risk, students investigate the various analytical approaches involved in designing risk identification systems, reporting and monitoring protocols, and how risk is able to be assessed, prioritized and effectively managed.

Availability2021 Course Timetables

Newcastle City Precinct

  • Semester 1 - 2021

PSB Singapore

  • Trimester 2 - 2021 (Singapore)

Learning outcomes

On successful completion of the course students will be able to:

1. Identify and explain theories of risk and risk management in international business environments.

2. Illustrate an awareness of ethical issues in international business.

3. Explain and apply risk management frameworks when operating in global business environments.

4. Communicate an awareness of the political, economic, social and cultural factors which influence international business operations in written form


This course may include the following topics:

  1. Types of Risks
  2. Geopolitical Risks: Terrorism; Corruption
  3. Sovereign Risk: Host Governments and Expropriation
  4. Systematic Risks
  5. Managerial Decision-making: Risks and Imperfect Information
  6. Contracting for Risk: Contractual Safeguards and Credible Commitments
  7. Tools to Assess Risk
  8. Risk Monitoring Framework
  9. Contingency Planning
  10. Anticipatory Capabilities


If you have successfully completed IBUS3002, you cannot enrol in this course.

Assessment items

Written Assignment: Individual Journal Article Analysis

Essay: Individual Written Essay

Formal Examination: Formal Examination: Final Exam

Contact hours

Newcastle City Precinct and PSB Singapore


Face to Face On Campus 2 hour(s) per Week for Full Term

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.


Face to Face On Campus 1 hour(s) per Week for Full Term starting in week 1

The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.