Spring 2027

Principles of Risk Management

Covers nature of risk, risk management techniques, insurance markets, and decision-making bases for effective risk management.

offering recorded3 credits
Recorded instructors · Spring 2027 Carl Barlett4.6/5

Summary

1 / 6

Past student reviews · Carl Barlett

Assessments included three open-note tests based completely on lecture material. Multiple students noted the absence of a textbook, meaning lecture notes were critical for preparing for exams and passing the course.

What you’ll be able to do

  • Recognize the general types and characteristics of situations involving risk, how to identify them, and why they are important

  • Possess the skills and knowledge to measure and assess risk

  • Know the basics of how risk management tools work and their benefits/costs in any given situation

  • Apply the risk management process in a simple situation involving risk

  • Explain the value that sound risk management provides individuals, organizations, and society

Source: UW Guide

Grade history

↗
average GPA
letter grades
A
AB
B
BC
C
D
F

All recorded terms · compare terms & instructors

Prerequisites

Course map

(ECON 101 or 111) or declared in undergraduate Business Exchange program. Not open to graduate/professional students

    • take one
      • graduate/professional students
      not eligible with
    take all
RMI 300 used by

“Used by” includes alternatives; linked courses may have other requirements. This is a best-effort interpretation; check the catalog requirements above.

Prerequisite text tree
  • All of
    • Any of
    • Not eligible with
      • graduate/professional students

Professors

Spring 2027

Carl Barlett

Adjusted rating
RMP difficulty
captured reviews
About this rating

Raw average: 4.80/5 from 85 quality ratings. The adjusted rating blends this with the UW review average (3.66/5), weighted as 20 additional ratings. Smaller samples stay closer to that average. Each captured review is counted once in the prior; this does not correct who chooses to leave a review.

For this course: 4.8/5 raw quality · 3.0/5 difficulty · 47 reviews

RMP profile ↗ · All captured review dates; profile matched by name.

Past student reviews · Carl Barlett

Carl Barlett taught an engaging, high-energy course where he knew students by name and slowed down to clarify difficult concepts. The class had no textbook, relying entirely on lecture notes, which one student found challenging despite Barlett's excellent lecturing. Exams were open-note and based completely on lectures, with one student noting they were tricky due to the lack of straightforward provided content.

Recent recorded grades — Spring 2025: 3.25 GPA, 47.0% A/AB (n=183 letter grades); Fall 2025: 3.27 GPA, 47.3% A/AB (n=201 letter grades); Spring 2026: 3.22 GPA, 43.8% A/AB (n=178 letter grades). Includes jointly taught sections.

Historical instructors & teaching patterns

Past student reviews · Joan Schmit

Past students described Joan Schmit as a passionate and clear instructor who was very helpful in office hours. She expected student participation and wrote challenging multiple-choice exams without a curve, though lectures covered all content and were unrecorded.

CARL BARLETT is recorded teaching in Spring 2019, Spring 2020, Fall 2021, Spring 2022, Spring 2023, Fall 2023, Spring 2024, Fall 2024, Spring 2025, Fall 2025, Spring 2026. Recorded history may be incomplete and does not establish a future schedule.

JOAN SCHMIT is recorded teaching in Spring 2007, Fall 2013, Spring 2014, Fall 2014, Spring 2015, Fall 2015, Spring 2016, Fall 2016, Spring 2017, Fall 2017, Spring 2018, Fall 2018, Fall 2019, Fall 2020, Fall 2022. Recorded history may be incomplete and does not establish a future schedule.

MARTIN HALEK is recorded teaching in Spring 2008, Fall 2008, Spring 2009, Fall 2009, Spring 2010, Spring 2011, Fall 2011, Spring 2012. Recorded history may be incomplete and does not establish a future schedule.

Recorded history may be incomplete and does not establish a future schedule.

Calendar & sections

Spring 2027

Schedule loads here as you scroll.

SectionModeEnrolled / capacityWaitlist
LEC 001Classroom Instruction0 / 2400
DIS 301Classroom Instruction0 / 400
DIS 302Classroom Instruction0 / 400
DIS 303Classroom Instruction0 / 400
DIS 305Classroom Instruction0 / 400
DIS 306Classroom Instruction0 / 400
DIS 304Classroom Instruction0 / 400

Times are Central. Select a meeting for details; export includes recorded dates for the selected sections. Enrollment reflects scan time.

Meeting source records
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Student experience

the class

Past student reviews · Carl Barlett

Carl Barlett is frequently described as an enthusiastic and engaging lecturer who makes the content intriguing. Students often highlight his high energy and ability to explain concepts clearly until everyone understands.

Recent recorded grades — Spring 2025: 3.25 GPA, 47.0% A/AB (n=183 letter grades); Fall 2025: 3.27 GPA, 47.3% A/AB (n=201 letter grades); Spring 2026: 3.22 GPA, 43.8% A/AB (n=178 letter grades).

difficulty & workload

Past student reviews · Carl Barlett

Assessments included three open-note tests based completely on lecture material. Multiple students noted the absence of a textbook, meaning lecture notes were critical for preparing for exams and passing the course.

Past student reviews · Carl Barlett

One student found the class structure challenging due to a lack of provided resources and tricky exam wording. They also felt office hours were less accessible, with the instructor seeming unapproachable during that time.

Topics

  • Nature of risk and risk management techniques
  • Insurance markets
  • Decision-making in managing risk

Skills

  • Measure and assess risk
  • Understand risk management tools and their benefits/costs
  • Apply the risk management process

Grades

Historical instructor

Spring 2027 · Projected

Before grades are released

– average GPA

Approximate 80% prediction interval

About this estimate

The course’s semester-average GPA, not an individual student’s grade. The center uses 5 same-season terms, weighted toward recent results.

The range uses the finite-sample 80th-percentile rank of absolute errors from earlier same-season forecasts. Each forecast uses only records from earlier terms. At least four forecasts are required; bounds are rounded outward and limited to 0–4. This is an empirical estimate: changing instructors or grading policies can reduce its coverage.

8 earlier forecasts · 0.12 GPA average error.

Grades over time

Through Spring 2027

More grade details Grade mix, volume & source data

Where this course fits relative to

Latest available grades · Spring 2026 · all course levels

GPA

Higher than % of other courses in this group.

Course GPAs · red marks this course’s range

letter grades

More recorded grades than % of other courses in this group.

Typical course in this group: letter grades.

About this comparison

1280 courses over the same term, each with at least 30 recorded letter grades. Cross-listed courses count once. GPA is not a measure of difficulty or teaching quality. The typical course is the median by recorded grade count; tied values are not counted as lower. Grade counts describe course scale, not unique students or typical section size.

Descriptions compare GPA with this group’s average: at least 0.20 higher or lower; otherwise close to average. Section size uses median recorded enrollment: small up to 30, mid-sized 31–99, large 100+. Lectures and discussion/lab sections are described separately.

Sources & history

UW–Madison

Catalog & offerings

Descriptions, prerequisites, and recorded course offerings.

Catalog observation history

Observations at scan time; dates do not imply when a catalog change took effect.

Download part 1
Selected offering source records
RMI 300 · Spring 2027

Principles of Risk Management

Recorded 2026-10-14
Raw records 
[
  {
    "run_id": "20261014T203208-0851c9a1",
    "semester": "1274",
    "observed_at": "2026-10-14 17:50:09.728220+00:00",
    "offering_id": "1274:241:003660",
    "course_id": "RMI 300",
    "course_uid": "course_0c8e3181eb78a64cfd6d4cdf",
    "term_id": "1274",
    "source_course_id": "003660",
    "source_subject_id": "241",
    "title": "Principles of Risk Management",
    "credits_min": 3,
    "credits_max": 3,
    "typically_offered": "Fall, Spring"
  }
]
Rate My Professors

Student reviews

Original comments behind the course and instructor summaries.

Read original reviews
Download part 1
Madgrades

Grade history

Recorded grade distributions by term, section, and instructor.

Explore recorded grades
Dataset & model

Recorded 2026-10-14

View the dataset on Hugging Face
Model outputs & technical records
Qwen/Qwen3.8-27B
LLM outputs across runs
Download part 1
Full model traces

Recorded model configuration, reasoning, and tool conversations.

Download part 1Download part 2
Model & dataset provenance 
{
  "model": "Qwen/Qwen3.8-27B",
  "model_revision": "1d4bf0f2ff6012fd82039f2fa52739d0dd7c60c0",
  "task_version": "17",
  "output_id": "493ccce7864cfc19276b2b6c165382914d51ae4ac84f2b3bc0af222b2fbd945e",
  "requirements_status": "needs_review",
  "dataset_revision": "fc1811fa52e581ea57a35c0cf3343f8740a8ffbf",
  "observed_at": "2026-10-14 17:50:09.728220+00:00"
}