Financial Markets, Risk and Insurance

The course begins with a series of lectures on the supply and demand of loan and insurance contracts and how insurance companies which are exposed to competition price their insurance products and set a premium rate. The second part of the lecture series covers the role, function, and structure of financial markets, as well as the pricing of financial contracts on secondhand markets for bonds and shares. This part of the course also addresses corporation assessment and corporate decisions on capital structure and payout policy, as well as how the discount rates are set. The third part of the lecture series covers social insurance. This includes a general discussion of the motivation behind social insurance systems and an in-depth discussion of the financial sustainability of state sponsored pension systems in different countries.

The course concludes with a group project, in which students write a report on a current issue relevant to the course and present their results orally.

Progressive specialisation: G1F (has less than 60 credits in first‐cycle course/s as entry requirements)

Education level: Undergraduate level

Admission requirements: Economics 30 ECTS Credits.

Selection: Selection is usually based on your grade point average from upper secondary school or the number of credit points from previous university studies, or both.

This course is included in the following programme

• Programme in Business and Economics (studied during year 3)