85-206 Insurance Economics

Lehrende: Prof. Dr. Petra Steinorth

Veranstaltungsart: Vorlesung + Übung

Anzeige im Stundenplan: bwl-ma-finvers6(E)

Semesterwochenstunden: 3

Unterrichtssprache: Englisch

Min. | Max. Teilnehmerzahl: - | -

Kommentare/ Inhalte:
This course deals with core concepts of the theory of insurance demand. After a review of essentials of decision theory, the optimal design of insurance products is addressed from an information economics point of view. Optimal risk sharing in a complete information setting is discussed as the benchmark case. The main emphasis is placed on principal agent problems due to superior knowledge of the insured. In particular, the class covers adverse selection, moral hazard and insurance fraud which heavily affect almost any real-life insurance market. Implications for product design as well as the interaction between insurance and other markets are analyzed.

Vorgehen:
Vorgehen:
Module 1: Selected Concepts of Decision Theory
Module 2: Optimal Insurance Demand
Module 3: Adverse Selection
Module 4: Moral Hazard
tentatively scheduled:
Module 5: Current Issues in Insurance Economics