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| Semester | fall semester 2021 |
| Course frequency | Every fall sem. |
| Lecturers | Georg Nöldeke (georg.noeldeke@unibas.ch, Assessor) |
| Content | 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. |
| Learning objectives | Familiarity with the main issues, tools, and results in the microeconomic analysis of decision making under uncertainty. |
| Bibliography | There is no required textbook. References to relevant readings will be given in the syllabus posted on ADAM. |
| Admission requirements | No more ECTS may be earned with this lecture if the course 31960 Microeconomics and Psychology of Decision Making has already been successfully completed. |
| Course application | Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam! |
| Language of instruction | English |
| Use of digital media | Online course |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| unregelmässig | See individual dates | ||
| Comments | The course will be taught mainly digitally, i.e. without fixed timeslots and with two online-meetings (Oct 6, Oct 27, 2021). |
| Date | Time | Room |
|---|---|---|
| Wednesday 06.10.2021 | 08.15-10.00 | - Online Präsenz -, -- |
| Wednesday 27.10.2021 | 08.15-10.00 | - Online Präsenz -, -- |
| Monday 08.11.2021 | 16.30-17.30 | Chemie, Organische, Grosser Hörsaal OC |
| Modules |
Basic Module: Advanced Topics in Economics (Master's Studies: International and Monetary Economics) Core Module: Business (Master's Studies: Business and Economics (Start of studies before 01.08.2021)) Modul: Methoden der Wirtschaftswissenschaften (Master's Studies: European Global Studies) Module: Core Competences in Economics (Master's Studies: Sustainable Development) Module: Core Courses in Business and Economics (Master's Studies: Business and Economics) Module: Specific Electives in Business and Economics (Master's Studies: Business and Economics) |
| Assessment format | record of achievement |
| Assessment details | written exam: 08.11.21; 16:30-17:30 Exam rooms: Kollegienhaus HS 102: A-J; Organische Chemie/grosser Hörsaal: K-SH; WWZ S15: Si-Z. In case COVID-19 protective measures prevent examination on site, the faculty reserves the right to conduct the examination electronically during the same time slot. You can still withdraw from the examination by submitting a completed, signed form to our office from 19.10.21 until 29.10.21 / 12:00 o’clock. Please send your form by mail to belegungstorno-wwz@unibas.ch. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office. Prior to 18.10.21, please only use MONA for withdrawing. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |