Fordham University            The Jesuit University of New York
 


Ethical Dimensions of Risk Management

Ethical Dimensions of Risk Management


This one-credit seminar will provide a critical, historically-informed introduction to ethical theories and their relevance for financial risk management.  The seminar will introduce students to the theoretical foundations and practical implications of ethics-related concepts insofar as they are relevant to financial risk management, for example: the notion of fiduciaries and fiduciary relationships; the concept of agency and agent-principal relationships; moral duty in general, and the duty of loyalty and duty of care in particular; conflicts of interest and self-dealing; and the aims and limits of regulation.  Along the way, attention will be given to the various meta-ethical theories that frequently underwrite ethical decision-making in the context of financial risk management, including the meta-ethical theories of: utilitarianism, contractarianism, deontology, and classical natural law and virtue theory.  Students will also be introduced to key ethical and jurisprudential concepts, such as: the distinction between the voluntary and the involuntary; the meaning and scope of moral responsibility; the meaning and requirements of justice; and the nature and justification of rights.  No prior acquaintance with philosophy or ethical theory is assumed; the relevant concepts will be developed in class.  A final paper will be required to show evidence of a student’s ability to apply the concepts they have learn in class.

Professors: Baur  
Syllabus

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