ECON 4600

Economics of Risk and Insurance: Decision Making Under Risk and Insurance Demand

Course Description

Course information provided by the Courses of Study 2023-2024.

The course will cover foundations of modern theory of decision making under risk. The first part of the course will cover the functioning of financial markets with focus on asset pricing. The main part of the course will focus on how consumers perceive and evaluate risk, as well as issues arising from asymmetric information, such as adverse selection and moral hazard. The latter part of the course will discuss the functioning of various insurance markets and welfare implications of potential policy interventions.

When Offered Fall or Spring.

Prerequisites/Corequisites Prerequisite: ECON 3030 and ECON 3040.

Distribution Category (SBA-AS, SSC-AS)

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