A PhD course in Insurance Economics - With Emphasis on Health Insurance is offered at Centre of Health Economics Research (COHERE), University of Southern Denmark, May 22-24, 2013. The teacher will be Peter Zweifel.
Further details:
Aim and content: The aim of the course is to provide an overview and a basic understanding of insurance economics. Special attention will be given to health insurance, and for three reasons. First, it needs to be modelled in a way different from e.g. property/liability insurance; second, it induces all three types of moral hazard, i.e. ex ante, ex post, and dynamic; third, it is suspected to be subject to particularly marked adverse selection effects. The course aims at enabling participants to understand not only the peculiarities of the demand for insurance but also of insurance markets and their regulation. Topics covered: Demand for insurance with and without diversification possibilities; the supply of insurance; insurance markets and asymmetric information; regulation of insurance markets.
Participants: Ph.d. students. In case of vacant places also other health researchers. Max. 25 participants.
Prerequisites: Intermediate microeconomics; basic econometrics helpful.
Course materials: P. Zweifel and R. Eisen: Insurance economics. Springer Verlag, 2012.
Journal articles.
Form: 3 days with 2*2 hour forum lectures, combined with exercises and reading.
Evaluation: Compulsory home exercise.
Language: English.
ECTS-credits: 3
Course director: Professor Jørgen T. Lauridsen
Teacher: Professor Emeritus and Visiting Professor Peter Zweifel
Dates: May 22-24, 2013
Place: University of Southern Denmark, Odense
Total course fee: We expect to run the course without a fee. Course materials are not included. Participants are expected to buy the book by Zweifel and Eisen.
Course secretary: Centre of Health Economics Research (COHERE), Department of Business and Economics, University of Southern Denmark, Campusvej 55, DK-5230 Odense M. Att.: Helle Møller Jensen, phone 6550 3081.
Registration: Please sign up with Helle Møller Jensen, [log in to unmask], with information about your name, position, ph.d. project title, disciplinary background, and work place. Registration is accepted on a first come, first served basis. Please register before May 1st 2013.
Detailed program:
May 22, 10-12 Demand for insurance without diversification possibilities I: The basic contingent claims model
May 22, 14-16 Demand for insurance without diversification possibilities II: Price and wealth effects
May 23, 10-12 Demand for insurance with diversification possibilities I: Internal diversification and diversification through the capital market as alternatives
May 23, 14-16 Insurance pricing based on the theory of finance: the Insurance CAPM
May 24, 10-12 Asymmetric information I: Moral hazard
May 24, 14-16 Asymmetric information II: Risk selection
Supplemental Topics (self study) Demand for insurance with diversification possibilities II: The CAPM, basics of option pricing, and corporate demand for insurance
Supplemental Topics (self study) Elements of conventional premium calculation
*) ZE =P. Zweifel/R. Eisen (2012), Insurance Economics, Heidelberg: Springer
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