Blocked Course:
​Economic Foundations and Applications of Risk  (LMU, 2024)
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Dates & Location

  • 08./09./10.10. 2024 — 10:00-17:00
  • Schellingstraße 3
  • Room S227 (Tuesday); Room S242 (Wednesday + Thursday)

Lecture slides

​0. Introduction [Slides] [​Annotated Slides]
A. Foundations
            Chapter 1: Expected Utility Theory [Slides] [Annotated Slides]
            Chapter 2: Measures of Risk Aversion [Slides] [Annotated Slides]
            Chapter 3: Measures of Risk [Slides] [Annotated Slides]
B. Applications
            Chapter 4: Optimal Portfolio Choice [Slides] [Annotated Slides]
            Chapter 5: Insurance Markets [Skipped: See Insurance Economics Lecture next semester]
            Chapter 6: Firms under Uncertainty [Slides​] [Annotated Slides]
            Chapter 7: Pareto Efficient Allocation of State-Dependent Income [Slides] [Annotated Slides]
            Chapter 8: The Value of Information [​Slides] [Annotated Slides]
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Exercises

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Old exams

  • Exam 2023 [Exam] [Solution]
  • Exam 2022 [Exam] [Solution]
  • Recommendation: Try to solve the exam on your own before looking at the solution
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