Bastian Jörg Bergmann: Catalogue data in Spring Semester 2023 |
| Name | Dr. Bastian Jörg Bergmann |
| Address | RiskLab ETH Zürich, HG F 42.1 Rämistrasse 101 8092 Zürich SWITZERLAND |
| Telephone | +41 44 632 61 63 |
| bbergmann@ethz.ch | |
| Department | Management, Technology, and Economics |
| Relationship | Lecturer |
| Number | Title | ECTS | Hours | Lecturers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 363-1114-00L | Introduction to Risk Modelling and Management | 3 credits | 2V | H. Schernberg, B. J. Bergmann, D. N. Bresch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | This course is a practical, hands-on introduction to various aspects of modelling, dealing with and managing risks across different industries, contexts and applications. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | The course illustrates what is required of the 21st century’s risk manager. It provides a qualitative and quantitative introduction to some of the various risks that societies and businesses face and to their management. The course encourages students to think critically about models and mathematical representations of risks. It identifies and explores the current challenges of managing today’s risks given available technologies. After taking this course, students can formulate a risk analysis problem with quantitative methods in a particular field. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | The course describes the building blocks of risk modelling as well as the process of risk-management. It examines at different approaches to modelling and dealing with as well as mitigating different kind of risks in different industries. The lectures emphasise the decision-making processes in various businesses and how risk-management relates to a company's value chain. Applications range from enterprise risk management, natural catastrophes, climate risk, energy market risk, risk engineering, financial risks, operational risk, cyber risk and more. Note that the programme varies every year. Therefore, all aforementioned topics are not necessarily explored every year. The panel of lecturers comprises risk professionals from various industries and government as well as academics from different disciplines. The course covers the following areas: 1. Fundamentals of Risk Modelling: Probability, Uncertainty, Vulnerability... 2. Fundamentals of Risk Management and Enterprise Risk Management 3. Risk Modelling and Management across Different Areas, with invited speakers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lecture notes | The course materials are provided via Moodle. For each session, slides (and in most cases a video recording) are available. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literature | Additional readings will be discussed during the lectures. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prerequisites / Notice | The course is opened to students from all backgrounds. Some experience with quantitative disciplines such as probability and statistics, however, is useful. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Competencies |
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| 363-1153-00L | Decentralized Finance and the Future of Money | 3 credits | 2V | B. J. Bergmann, H. Gersbach, R. Wattenhofer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | DLT is emerging for a disruption of our current financial infrastructure. As such, Decentralized Finance (DeFi) seeks to combine open-source, peer to peer building blocks into sophisticated products using blockchain technology, seeking to disintermediate and decentralize the traditional financial service industry. This lecture will combine insights on DLT with recent applications from finance. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | At it’s core, DeFi aims to provide financial products and services on blockchain technologies. The combination of decentralized, smart-contract-based business logic solutions with a blockchain-based settlement layer facilitates the creation of financial services in a decentralized way. Traditional, functional roles of trusted third-party such as brokerage firms, banks, are replaced by smart contracts which fulfill the functions automatically. The goal if this lecture is to let you understand, - The building blocks of Distributed Ledger Technology (DLT) - Some basic applications like smart contracts, tokens, decentralized autonomous organisations (DAOs) - Limitations and concepts for overcoming centralized financial systems - Recent advances on Central Bank Digital Currencies and other applications in DeFi - The business logic behind a decentralized applications (DApps) - How a DLT project is run within a larger organization and in the start-up context The lecture will cover also guest speakers from companies, start-ups, and agencies. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | After a one-hour introduction session on the first day, the lecture will be split into six 4h sessions. Each 4h Session will be held as a workshop session, covering some theoretical and technological insights as well as insights on recent applications. Each session will involve guest speakers from industry, start-ups, agencies. The focus of each session will be on the discussion part. You will be asked to prepare yourself (watch a video, read a paper, etc) for each session. Session 1: Intro to Blockchain, Focus on Exchanges, Transaction Ordering Session 2: Smart Contracts; Focus on Programming, Attacks Session 3: Decentralized Governance, DAOs and Applications Session 4: Central Bank Digital Currencies, recent advances, and approaches Session 5 & 6: DeFi applications, legal aspects, challenges, opportunities & risk in the corporate context The lecture is targeted to students across ETH with an interest in DLT. No specific coding experience is required. During the course you will follow step by step examples. For passing the course you will take online quizzes, selected exercises, and a short exam during the class. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lecture notes | There will lecture slides to each section shared in advanced to each session. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literature | Selected readings and books are presented in each session. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prerequisites / Notice | The course is opened to students from all backgrounds. Some experience with quantitative disciplines such as probability and statistics, however, is useful but not mandatory. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 365-1071-00L | Course Abroad  Exclusively for MAS MTEC students (class 2021-2023). Internal registration closed. It is mandatory to attend the Preparation Session for the “Course Abroad” on 28 March 2023 at 18:30 in HG E 1.1. | 3 credits | 2S | B. J. Bergmann, T. Netland | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | In this course we go abroad to visit companies, universities and representatives for joint workshops, short lectures and social interaction. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | By the end of this course, you will be able to assess the opportunities and challenges of selected industry sectors in the region of the destination. In particular, we will focus on business transition linking innovation and strategic aspects in different industries. In addition, you will also learn about societal issues. On the basis of your “journey diary”, you critically reflect on your experiences and connect them to your professional life. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | The class 2020-2022 will be invited separately with the program and the registration link. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 365-1151-00L | Applied Business Ethics: From Individual to Corporate Moral Responsibility Exclusively for MAS MTEC students (2nd and 4th semester). | 2 credits | 2S | B. J. Bergmann, S. Dänzer, T. Emmerling | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | With leadership comes responsibility. In this course we explore the ethical considerations we are facing as individuals, as managers and as an organization. We combine philosophical frameworks with latest insights on findings on human behavior. Selected guest speakers will provide insights on ethical decision making and strategies in their own field. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | - Understand the central questions and concepts moral philosophy and business ethics - Realize and be able to deal with the diverse set of ethical viewpoints when making decisions (ethical issues are “not issues of right versus wrong,” but “conflicts of right versus right”) - Understand the different contexts in which ethical decision making in business is addressed - Reveal and assess your ethical intuitions and learn how to use ethics in business settings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | This course has 3 parts. Each part is structured over one day. In part one we will begin to investigate the reasons for acting morally on the individual level. With that, this part provides a brief introduction to moral philosophy, going through classical approaches and will introduce moral agency and moral obligations. Selected readings provide the basis for this part. The second part will extend the scope of ethical consideration to the business context and to the level of an organization. This part uses insights from human behavior. Selected research papers and reports provide the basis for this part. The third part will focus on particular cases and role plays with professional actors. Overall, an open discussion and a self-discovery of the ethical aspects by the participants will be key for the interactive character of the seminar. More details on the structure and interactive elements (e.g. simulations, role plays) will follow closer to the seminar on moodle. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 365-1176-00L | Resilience - Beyond Risk Management Exclusively for MAS MTEC students (2nd and 4th semester). | 2 credits | 2S | O. Kocsis, B. J. Bergmann | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | In the business world of today classical risk management is challenged at different fronts. Rising complexity of supply chains, distributed production to name a few face increasing levels of natural hazards like floods, droughts, tsunamis but also cyber risks. This makes it hard to apply standard approaches from classical risk management. Hence the new framework of resilience enters business. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | In this lecture we focus on today’s business mindset that is challenged by volatile business conditions and pushed into decision making under uncertainty and the challenge: How can planning and business be transformed towards a more resilient business? The overall objective of the course is to better understand the concept of resilience and bring it closer towards actionable business insights. • Understand the buzzword of resilience by carving out at the differences to risk management, and business continuity management • Learn to know resilience in different systems with practical considerations from natural to manmade environments: - Understand resilience of natural systems and their link to biodiversity - What is the role of resilience in climate change, e.g. for critical infrastructure and adaptation of livelihoods? - How to foster resilience in business contexts: evaluate innovative digital solutions in complex supply chains • How can resilience be fostered in a system on a short (operational), a medium (tactical) and a longer-term strategic time scale? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | Resilience comes with many definitions and different contexts. It can be seen as a basic attempt to create a new understanding of how humans and nature interact, adapt and impact each other amid change and refers to the capacity of a system, be it an individual, a forest, a company, a supply chain or an economy, to deal with change and continue to develop. It is about how humans and nature can use shocks and disturbances like a financial crisis or climate change to spur renewal and innovative thinking. This 4-day bloc course brings in the views of external experts as guest speakers from different contexts such as biodiversity, hospitals, supply chains, risk & insurance management as well as challenges from e.g. climate change to cyber risk, some of them as practical cases for group work. During the course we will start from characterizing systems as well as their environments and aim at influencing the systems as well as their characteristics; from contrasting positions such as resilience vs. efficiency towards: how to combine resilience as well as efficiency? Understanding, leveraging, and managing resilience in natural, organizational, and business contexts: From understanding the notion of resilience - as inherent characteristic of natural systems with their rich biodiversity; - as a key factor in mastering climate change; - bringing it into the organizational and business context: to measuring resilience and making it a competitive advantage. As such the block course will build on critical thinking and reflection on current environments and how to change and influence them under uncertainty, beyond the known deterministic prediction and planning approach. As such the course builds capabilities, which considering the upcoming transformation of the societal and business environment might change overcome the paradigm of the efficient, yet vulnerable system and environment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||