Type of Credit: Required
Credit(s)
Number of Students
1. Introduction to Insurance Economics
2. Choice under Uncertainty
3. Insurance Demand
4. Optimal Risk Sharing
5. Adverse Selection
6. Risk Classification, Moral Hazard and Insurance Fraud
7. Law of Large Numbers and Group Siz
8. Catasstrophe Risk, Insurance Capacity, Reinsurance and Cycles
9. Liability Insurance
10. Health and Life Insurance
能力項目說明
The objective of this course is to develop the basic microeconomic models for risk and insurance with setting that economic agents are faced with uncertainty. The main topics include decision making under uncertainty, insurance demand, adverse selection, moral hazard, liability insurance, and catastrophe risk. The models discussed in this course are adaptable to many situations in finance and economics, but with a emphasis on insurance markets as means of transferring risk and wealth.
| 教學週次Course Week | 彈性補充教學週次Flexible Supplemental Instruction Week | 彈性補充教學類別Flexible Supplemental Instruction Type |
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週次 Week |
課程主題 Topic |
課程內容與指定閱讀 Content and Reading Assignment |
教學活動與作業 Teaching Activities and Homework |
學習投入時間 Student workload expectation |
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課堂講授 In-class Hours |
課程前後 Outside-of-class Hours |
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1 |
Introduction |
Ins Handbook 01 |
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2 |
Introduction to Insurance Economics |
Developments in Risk and Insurance Economics |
Seog, 2010, pp7-34. ZE, 2012, pp1-24 |
3 |
6 |
|
3 |
Choice under Uncertainty |
Risk and Expected Utility, Risk aversion and Riskiness. |
Seog, 2010, pp7-34. Ins paper 01 |
3 |
6 |
|
4 |
Insurance Demand |
Risk Aversion and the Demand for Insurance |
Seog, 2010, pp51-74. Ins paper 02 |
3 |
6 |
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5 |
Insurance Demand |
Corporate Insurance and Risk Management |
Seog, 2010, pp74-100.
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3 |
6 |
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6 |
Insurance Demand |
Corporate Ins and Risk Managment |
Ins paper 03, 04 |
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7 |
Optimal Risk Sharing |
Efficient Allocation of Risks |
EGS, 2005, 153-168 Ins paper 05 |
3 |
6 |
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8 |
Optimal Risk Sharing |
Principles of Insurance |
Seog, 2010, pp34-48; Ins paper 06 |
3 |
6 |
|
9 |
Adverse Selection |
Risk and Information |
Seog, 2010, pp123-141; Ins paper 07 |
3 |
6 |
|
10 |
Adverse Selection |
Adverse Selection Models and Advanced Topics |
Seog, 2010, pp142-174; Ins paper 08 |
3 |
6 |
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11 |
期中考 |
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12 |
Moral Hazard |
Risk Classification, Moral Hazard and Insurance Fraud |
Seog, 2010, pp176-219; Ins paper 09 |
3 |
6 |
|
13 |
Law of Large Numbers |
Law of Large Numbers and Group Size |
Ins paper 10, 11
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3 |
6 |
|
14 |
Mutual Insurance |
Risk Mutualization; Insurance Organization |
Seog, 2010, pp223-233; Ins paper 12 |
3 |
6 |
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15 |
Catasstrophe Risk |
Insurance Capacity, Reinsurance and Cycles |
Ins paper 13,14 |
3 |
6 |
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16 |
Liability Insurance |
Liability Risk and Insurance |
Seog, 2010, pp101-119; Ins paper 15 |
3 |
6 |
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17 |
Health and Life Insurance |
Longevity Risk and Long-Term Care Insurance |
Ins paper 16,17 |
3 |
6 |
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18 |
期末考 |
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Exams 60%, Presentation and discussion 20%, Term paper 20%.
Seog, H. (2010) The Economics of Risk and Insurance.
Dionne, G. (2013) Handbbook of Insurance