Course WIW-FE-INS-K-7
Insurance Economics (4V, 4.5 LP)
Course Type
SWS | Type | Course Form | CP (Effort) | Presence-Time / Self-Study | |
---|---|---|---|---|---|
4 | V | Lecture | 4.5 CP | 45 h | 90 h |
(4V) | 4.5 CP | 45 h | 90 h |
Basedata
Contents
The main objective of this module is to familiarize students with the modelling of insurance demand and supply.
Topics:
- Foundations of expected utility theory
- Co-Insurance and deductible insurance
- Mossin’s theorem
- Insurance principles
- Adverse selection, moral hazard
- Asymmetric information
Literature
- Rees, Ray and Wambach, Achim: The Microeconomicsof Insurance. Foundations and Trends in Microeconomics Now Publishers Inc. Delft, 2008
- Dionne, Georges: Handbook of Insurance, Springer 2013
- Mas-Colell, Andreu; Whinston, Michael D. and Green, Jerry: Microeconomic Theory. Oxford University Press 1995
- Gravelle, Hugh and Rees, Ray. Microeconomics. 2004
Requirements for attendance (informal)
None
Requirements for attendance (formal)
None
References to Course [WIW-FE-INS-K-7]
Module | Name | Context | |
---|---|---|---|
[WIW-FE-INS-M-7] | Insurance Economics | P: Obligatory | 4V, 4.5 LP |