363-1017-00L Risk and Insurance Economics
Semester | Spring Semester 2017 |
Lecturers | W. Mimra |
Periodicity | yearly recurring course |
Language of instruction | English |
Courses
Number | Title | Hours | Lecturers | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
363-1017-00 V | Risk and Insurance Economics Bi-weekly problem set classes starting mid-March on thursdays from 17-19 h. | 3 hrs |
| W. Mimra |
Catalogue data
Abstract | The course covers economics of risk and insurance. Topics covered are fundamentals of insurance, risk measures and risk management, demand and supply of insurance and asymmetric information in insurance markets. |
Objective | The goal is to introduce students to basic concepts of risk, risk management and economics of insurance. |
Content | - fundamentals of insurance - what is the rationale for corporate risk management? - measures of risk and methods of risk management - demand for insurance - supply of insurance - information problems in insurance markets: moral hazard, adverse selection, fraud |
Literature | - Peter Zweifel and Roland Eisen (2012), Insurance Economics, Springer. - S. Hun Seog (2010), The Economics of Risk and Insurance, Wiley-Blackwell. - Ray Rees and Achim Wambach (2008), The Microeconomics of Insurance, Foundations and Trends in Microeconomics: Vol. 4: No 1-2. - Eeckhoudt/Gollier/Schlesinger (2007), Economic and Financial Decisions under Risk, Princeton University Press. - introductory background reading: Harrington/Niehaus (2003), Risk Management and Insurance, McGraw Hill. |
Performance assessment
Performance assessment information (valid until the course unit is held again) | |
Performance assessment as a semester course | |
ECTS credits | 4 credits |
Examiners | W. Mimra |
Type | graded semester performance |
Language of examination | English |
Repetition | Repetition only possible after re-enrolling for the course unit. |
Learning materials
No public learning materials available. | |
Only public learning materials are listed. |
Groups
No information on groups available. |
Restrictions
There are no additional restrictions for the registration. |