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62705-01 - Vorlesung: Microeconomics of Decision Making 3 KP

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:
An-/Abmeldung zur Leistungsüberprüfung An-/Abmelden: Belegen resp. Stornieren der Belegung via MOnA
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