FIN 625 RISK MANAGEMENT

This course is an examination and analysis of risk management and its application to various forms of insurance. Students learn the basics of life, health, casualty, and disability insurance, as well as the legal aspects of insurance, government regulation, and property and liability contracts to provide them with essential tools for effective risk management. The objective is to provide students with a broad framework for evaluating all types of risk, along with conceptual tools for making risk management decisions rationally and consistently. It is intended for business students from all disciplines, including those who intend to take only one course in risk management and insurance. The course also serves as the introductory course for students wishing to pursue further studies in the field. The course focuses on the economics of risk, decision-making under uncertainty, and the methods for managing risk. We analyze risk transfer markets in some detail, including issues of moral hazard, adverse selection, and insurance pricing. In addition to learning about risk, students should find themselves challenged. The broader aim is to strengthen critical thinking ability and grow problem solving and decision-making skills.

Credits

Prerequisite

FIN 621

Distribution

FINANCE