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| Semester | Herbstsemester 2022 |
| Angebotsmuster | Jedes Herbstsemester |
| Dozierende | Georg Nöldeke (georg.noeldeke@unibas.ch, BeurteilerIn) |
| Inhalt | The focus is on expected utility theory, which provides a coherent framework to model and analyse behavior when the consequences of decisions are uncertain. The course begins by developing the foundations of expected utility theory and its use in describing, measuring and comparing risk aversion. Subsequently, applications to financial and insurance decisions are considered. Problems with and extensions of the theory are also discussed. Concepts: Risk, lotteries, preferences, (expected) utility, risk aversion, first order and second order stochastic dominance, mean preserving spread, certainty equivalence, risk premium, coefficients of absolute and relative risk aversion, insurance demand, portfolio choice, information structures, Bayesian updating, Methods: Basic Probability, calculus and optimization |
| Lernziele | Familiarity with the main issues, tools, and results in the microeconomic analysis of decision making under uncertainty.on a basic level. |
| Literatur | There is no required textbook. References to relevant readings will be given in the syllabus posted on ADAM. |
| Teilnahmebedingungen | No more ECTS may be earned with this lecture if the course 31960 Microeconomics and Psychology of Decision Making has already been successfully completed. |
| Anmeldung zur Lehrveranstaltung | Registration: Please enrol in the Online Services before the course starts. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. In order to get access to ADAM in time, it is best to enrol before the course starts though. Enrolment = Registration for the exam! |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | Online-Angebot obligatorisch |
| Intervall | wöchentlich |
| Datum | 22.11.2022 – 06.12.2022 |
| Zeit |
Dienstag, 08.15-10.00 Wirtschaftswissenschaftliche Fakultät, Auditorium The course will start as a digital course and towards the end of term there will be 3 lives sessions: |
| Datum | Zeit | Raum |
|---|---|---|
| Dienstag 22.11.2022 | 08.15-10.00 Uhr | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Dienstag 29.11.2022 | 08.15-10.00 Uhr | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Dienstag 06.12.2022 | 08.15-10.00 Uhr | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Module |
Grundlagenmodul: Advanced Topics in Economics (Masterstudium: International and Monetary Economics) Kernmodul: BWL (Masterstudium: Wirtschaftswissenschaften (Studienbeginn vor 01.08.2021)) Modul: Kernbereich Wirtschaftswissenschaften (Masterstudium: Sustainable Development) Modul: Methoden der Wirtschaftswissenschaften (Masterstudium: European Global Studies) |
| Leistungsüberprüfung | Leistungsnachweis |
| Hinweise zur Leistungsüberprüfung | written exam: 13.12.22; 8:30-9:30. WWZ S15: A-Z. |
| An-/Abmeldung zur Leistungsüberprüfung | Anm.: Belegen Lehrveranstaltung; Abm.: stornieren |
| Wiederholungsprüfung | keine Wiederholungsprüfung |
| Skala | 1-6 0,1 |
| Wiederholtes Belegen | beliebig wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Wirtschaftswissenschaftliche Fakultät / WWZ |