Universität Wien

040165 PS Risk and Information (BA) (2016S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung

http://homepage.univie.ac.at/ana-begona.ania-martinez/teaching_risk.html
Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 24 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Montag 07.03. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 14.03. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 04.04. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 11.04. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 18.04. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 25.04. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 02.05. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 09.05. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 23.05. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 30.05. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 06.06. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 13.06. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 20.06. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Montag 27.06. 08:00 - 09:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

In a seminar format we introduce the concepts of risk and imperfect information, as well as the microeconomic tools of analysis in situations of risk. Important applications of decisions under risk in the presence of incomplete or asymmetric information are the market for insurance and auctions. These applications will be taken as illustrations of the main ideas.

In the seminar students should: learn how to formally describe risky outcomes; understand how the shape of utility functions describe attitudes towards risk; be able to evaluate risky outcomes and compute risk premia; understand the incentives to purchase insurance; learn the implications of risk for the properties of market outcomes; distinguish the two types of asymmetric information denominated moral hazard and adverse selection; use decision trees for the analysis of risky decisions; distinguish the different types of auctions.

The analysis is done using microeconomic tools, basic calculus, and probability theory.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Students are expected to cover part of the literature on their own, write a short assignment, and give a short presentation on their topic. Presence and active participation in class will also be part of the final grade.

Mindestanforderungen und Beurteilungsmaßstab

The written assignment will account for 40% of the grade, the presentation will account for another 40%, class participation will make the remaining 20%. Students are expected to attend the seminar, more than two unexcused absences will result in zero points for class participation.

Prüfungsstoff

Literatur

For an introduction see Besanko and Braeutigam, Microeconomics, Chapter 15.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 07.09.2020 15:28