The Economics of Risk and Insurance

Part I: Fundamentals of Insurance.

1. Risk and Expected Utility.

2. Risk Aversion and Riskiness.

3. Principles of Insurance: Risk Sharing and Transfer.

Part II: Demand for Insurance and Insurance Contract.

4. Risk Aversion and Insurance.

5. Corporate Insurance and Risk Management.

6. Liability and Insurance.

Part III: Information and Insurance Contract.

7. Basic Adverse Selection Models.

8. Advanced Topics in Adverse Selection.

9. Moral Hazard.

10. Ex Post Moral Hazard and Fraud.

Part IV: Insurance Market.

11. Insurer Organization.

12. Competition in the Insurance Market.

13. Insurance Cycle and Capacity.

Part V: Insurer Management.

14. Insurance Distribution Systems.

15. Insurance Pricing.