Financial Risk Insurance

3 Credits · Level: Graduate

People face major financial risks throughout their lives, including illness, disability, unemployment, and outliving their assets. Insurance, one of the world’s largest financial industries, provides valuable protection against these risks, but it is also one of the hardest markets to get right. This course studies the economics of financial risk and insurance markets, examining why these markets are prone to failure, how economists measure those failures empirically, and how government interventions shape market outcomes.