ECON345

The Economics of Risk and Insurance

15 points

Not offered 2021, offered in 2017

For further information see Department of Economics and Finance

Description

This course analyses the nature and problem of risk and uncertainty and consumers preferences regarding risk and risk taking. It examines the basic principles of risk and insurance, and the description of the characteristics of main types of insurance, (both life and general). The course includes an introduction to the structure and operation of insurance markets, (both local and international) and the function of insurance firms within the financial system. It covers the general principles of insurance underwriting and pricing, claims management and claims reserving process within the regulatory regime of the insurance industry.

Pre-requisites

ECON207 or
ECON 202 RP: ECON208

Equivalent Courses

Recommended Preparation