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363-1017-00L  Risk and Insurance Economics

SemesterFrühjahrssemester 2016
DozierendeW. Mimra
Periodizitätjährlich wiederkehrende Veranstaltung
LehrspracheEnglisch


KurzbeschreibungThe course covers economics of risk management and insurance. Main topics are risk measures and risk management methods, supply and demand of insurance, asymmetric information in insurance markets and insurance regulation.
LernzielThe goal is to introduce students to basic concepts of risk, risk management and economics of insurance.
Inhalt- what is the rationale for risk management?
- measures of risk and methods of risk management
- demand and supply of insurance
- information problems in insurance markets: moral hazard, adverse selection, fraud
- insurance regulation
Literatur- 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.