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PP5015-PP5018 Mitigating Risk and Building Resilience
PP5015-PP5018 Mitigating Risk and Building Resilience
PP5015-PP5018 Mitigating Risk and Building Resilience
Readings
Required:
1. World Bank. 2014. Risk and Opportunity. World Development
Report. https://openknowledge.worldbank.org/handle/10986/16092
2. World Economic Forum. 2018. Global Risks Report.
http://reports.weforum.org/global-risks-2018/resilience-in-complex-
organizations/
Recommended:
1. Michel Crouhy, Dan Galai and Robert Mark. 2006. The Essentials of Risk
Management, Chapter 4 - Corporate Governance and Risk Management.
2. Asian Development Bank. 2008. Disaster Management. A Disaster Manager’s
Handbook. W. Nick Carter
3. Michael J. Fagel. 2013. Crisis Management and Emergency Planning:
Preparing for Today's Challenges
Required:
1. World Bank. 1992. Development and the Environment. World Development
Report,. https://openknowledge.worldbank.org/handle/10986/5975
2. Tietenberg, T and Lewis, L. 2012. Chapter 2 in Environmental and Natural
Resource Economics. 9th Edition. New Jersey, USA: Pearson Education.
Recommended:
1. Thomas V. “A burning question before us”. Jakarta Post. September 17, 2019.
https://www.thejakartapost.com/academia/2019/09/17/a-burning-question-
before-the-united-nations.html
2. Perman et al. 2003. Natural Resource and Environmental Economics
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https://eclass.unipi.gr/modules/document/file.php/NAS247/tselepidis/ATT0010
6.pdf
3. Thomas V. et al, 2000. Chapter 4 in The Quality of Growth. New York, USA:
Oxford University Press.
4. Dasgupta, Partha, The Economics of Biodiversity, 2021.
https://www.gov.uk/government/publications/final-report-the-economics-of-
biodiversity-the-dasgupta-review
Required:
1. World Bank. 2010. Development and Climate Change. World Development
Report. https://openknowledge.worldbank.org/handle/10986/4387
2. Thomas, Vinod. 2018. Climate Change and Natural Disasters.
https://www.taylorfrancis.com/books/9781351527927
3. Asian Development Bank. 2013. The Rise of Natural Disasters in Asia and the
Pacific. Mandaluyong City, Philippines: Asian Development Bank.
Recommended:
1. Thomas V. “Singapore’s Twin Imperatives for Climate Action”. Straits Times.
September 2019.
https://www.straitstimes.com/opinion/singapores-twin-imperatives-for-climate-
action
2. Stern, N. H. 2007. Chapters 18-20 in The economics of climate change: The
Stern Review. Cambridge, UK: Cambridge University Press.
3. Intergovernmental Panel on Climate Change. The sixth assessment report,
2021. https://www.ipcc.ch/assessment-report/ar6/
Vinod Thomas, podcasts on climate policy:
https://www.straitstimes.com/singapore/environment/green-pulse-podcast-
overcoming-obstacles-to-pricing-carbon-right
https://www.straitstimes.com/singapore/environment/green-pulse-podcast-taking-
climate-action-by-putting-a-price-on-carbon-pt-1
Required:
1. Jon Coaffee and Peter Lee. 2016. Urban Resilience
https://www.macmillanihe.com/page/detail/Urban-
Resilience/?K=9781137288837
2. Hallegatte et al. 2017. Unbreakable: building the resilience of the poor in the
face of natural disasters
http://documents.worldbank.org/curated/en/512241480487839624/Unbreakab
le-building-the resilience-of-the-poor-in-the-face-of-natural-disasters
3. ESCAP-UNISDR. 2012. Reducing Vulnerability and Exposure to Disasters.
Bangkok, Thailand: United Nations.
4. World Development Report by World Bank (2014)
https://openknowledge.worldbank.org/handle/10986/16092
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Recommended:
Course Motivation
Risks, be they financial crises, spread of epidemics or weather events, are ever
present and often on the rise in today’s highly integrated global economy. Many of
these risks, for example, climate-related floods or wild-fires, are in good measure
human-made, even when they appear to be totally outside one’s direct span of control.
There is the need therefore to understand principles of both how to respond to risk as
well as how to prevent or reduce risk.
Course Description
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Module 1. PP5015 Principles and Applications of Risk Management
1. What are the sources of risk faced by governments, businesses and
households?
2. What are the key principles and good practices in lowering risks and
strengthening resilience?
Lesson structure
Each day of a module would broadly have two segments, one in the morning and the
other in the afternoon. The first half would focus more on concepts and principles and
the second half on applications and work outs. Roughly speaking the first of the two
questions listed above under each module would be the focus of the first half and the
second one of the second half.
There will be one or two guest speakers matching the theme of the week.
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The course will encourage you to use both qualitative and quantitative tools as best
suited to the problems, but econometrics or mathematical methods or impact
evaluation are not pre- requisites for taking this course.
Working in groups
You will be asked to form small groups (around 5-7 students per group depending on
the class size) at the beginning of the semester. You are expected to work with your
fellow team members in reviewing the concepts and theories presented in class,
analyzing case studies, and preparing for the final exam at the end of the module.
Skills
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Preclusion
Assessment
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authors. Oxford University Press, 2000; The Challenge of Development, World
Development Report 1991, Oxford University Press, 1991; Best Practices in Trade
Policy Reform, with J. Nash, Oxford University Press, 1991; and Agricultural Price
Policies and the Developing Countries, with G.S. Tolley and C.M. Wong, Johns
Hopkins University Press, 1982. He has likewise authored numerous peer reviewed
journal articles and opinion pieces.
He enjoys working with others and sharing analytical and practical experiences in
ways that improve our understanding and applications. With a keen eye on analytical
and quantitative rigor, he also stresses the qualitative side and the critical role of inter-
disciplinary interactions. He values working with others on collaborative projects, like
a co-authored book on Evaluation Methods and Good Practices he is currently
involved at LKY. He also hopes to contribute to ramping up a high impact program at
LKY on climate change, environment and natural resources.
He is currently working on a manuscript “Risk and Resilience in an Era of Climate
Change” for Palgrave/McMillan.
*****
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