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This lecture covers the components of seismic risk, including exposure and vulnerability quantification, as well as the calculation models used to assess seismic risk. It explains the potential losses due to earthquakes, exposure assessment methods, and vulnerability functions. The instructor discusses the methods for developing vulnerability models and the calculation of seismic risk using tools like OpenQuake. Various datasets and models for exposure assessment and consequence functions are presented, along with risk assessment for specific earthquake scenarios. The main points emphasize the importance of hazard, exposure, and vulnerability in seismic risk assessment, highlighting the need for continuous monitoring and the availability of diverse computational tools.