Economic Foundations and Applications of Risk (Summer 2016)

Announcements

• Update August 12th: Your exams have been graded and results have been transferred to ISC. I guess they should be visible in your LSF profile early next week.
• There will be the opportunity to review your exam (Klausureinsicht) on August 31st, at 3PM (Room: tba). If you wish to review your exam please send me an e-mail (to [email protected]) until August 28th the latest.
  

General information

• Course type: Master's level course, lecture and tutorial
• Time slot 1: Monday, 14:00-16:00, (HGB, A 017)
  • Starting date: April 18th, 2016
  • Ending date: July 11th, 2016
• Time slot 2: Wednesday, 14:00-16:00, (HGB, B 015)
  • Starting date: April 13th, 2016
  • Ending date: July 13th, 2016
• Final exam: July 27th, 2016, 14:00-16:00, (HGB, D 209)
• Syllabus
• Course outline

Course material

• Lecture slides
  • Chapter 0: Introduction
  • Chapter 1: Expected-Utility Theory
  • Chapter 2: Measures of Risk Aversion
  • Chapter 3: Measures of Risk
  • Chapter 4: Optimal Portfolio Choice
  • Chapter 5: Insurance Markets
  • Chapter 6: Firms under Uncertainty
  • Chapter 7: Allocation of Risk
  • Chapter 8: The Value of Information

• Problem sets
  • Problem Set 1
  • Problem Set 2
  • Problem Set 3
  • Problem Set 4
    
  • Problem Set 5

• Additional material
  • Solution to Problem Set 2, Problem 5a (formerly Problem 6a)
  • Addendum Chapter 5: Graphs for slides 30 & 31
  • Addendum Problem Set 4: This and that
  • Addendum Chapter 7: Calculation on slide 17