Module Handbook

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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

SWS 4V
CP, Effort 4.5 CP = 135 h
Position of the semester 1 Sem. in SuSe
Level [7] Master (Advanced)
Language [EN] English
Lecturers
Area of study [WIW-FE] Macroeconomics
Additional informations
Livecycle-State [NORM] Active

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