Syllabus
-
LV-Typ
PI -
Semesterstunden
2 -
Unterrichtssprache
Englisch
Wochentag | Datum | Uhrzeit | Raum |
---|---|---|---|
Mittwoch | 14.12.2016 | 16:00 - 19:00 | TC.5.04 |
Donnerstag | 15.12.2016 | 16:00 - 19:00 | TC.4.14 |
Freitag | 16.12.2016 | 16:00 - 19:00 | TC.3.07 |
Montag | 19.12.2016 | 16:00 - 19:00 | TC.3.09 |
Dienstag | 20.12.2016 | 16:00 - 19:00 | TC.3.09 |
Mittwoch | 21.12.2016 | 16:00 - 19:00 | TC.3.09 |
Montag | 09.01.2017 | 16:00 - 19:00 | TC.3.09 |
Dienstag | 10.01.2017 | 13:00 - 16:00 | TC.4.16 |
After completing this course the student will have the ability to:
• Use the concept of risk diversification
• Analyse the probability of default of insurance companies
• Apply normative frameworks to decisions under uncertainty
• Understand the impact of asymmetric information on insurance markets
Apart from that, the course will contribute to the students' ability to:
• Use analytical tools to solve economic problems
• Perform insurance decisions in real life
• Participate in group discussions
The maximum number of points in the final exam is 300. Additionally, the eight students achieving the highest earnings in the market game (the top four students from the buyer's group and the top four students from the seller's group) will get 20 extra points. Class attendance and participation will also be taken into account for your final grade / "Note".
Einheit | Datum | Inhalte |
---|---|---|
1 | tba | Overview of Risk Management, Measures of Risk |
2 | tba | The Impact of Risk Pooling on Variance, Central Limit Theorem, Probability of Insolvency of Insurance Companies |
3 | tba | Expected Value Rule and Demand for Insurance, Expected Utility Rule |
4 | tba | Indifference Curves and Demand for Insurance |
5 | tba | Risk Premium, What Insurance Should I Buy?, Empirical Anomalies and Psychological Factors |
6 | tba | Market Game on Asymmetric Information, Adverse Selection in Insurance Markets |
7 | tba | Moral Hazard in Insurance Markets |
8 | tba | Final Exam |
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