Course Code : | 1001WETWME |

Study domain: | Mathematics |

Academic year: | 2019-2020 |

Semester: | 1st semester |

Sequentiality: | - |

Contact hours: | 30 |

Credits: | 3 |

Study load (hours): | 84 |

Contract restrictions: | No contract restriction |

Language of instruction: | Dutch |

Exam period: | exam in the 1st semester |

Lecturer(s) | CĂ©line Azizieh |

At the start of this course the student should have acquired the following competences:

an active knowledge of

an active knowledge of

- Dutch

Broad basic knowledge of probability theory and statistics.

- To acquire general knowledge and insight about working with models
- To acquire knowledge and insight in a number of mathematical models and techniques that are used in an economic setting
- To be able to explain and justify the models
- To be able to apply the models and techniques to concrete economic research questions

The set of mathematical methods in economics is very large. In this course, we will discuss risks (definitions, dangerous risks, comparing risks), utility theory (axiomas, expected utility methods, links to insurance and game theory, criticism), sums of independent risks (covariances, convolution, properties), sums of dependent risks (problems, various approximation methods, comonotonicity), and credibility theory (intuitive approach, models of Buhlmann & Buhlmann-Straub).

Class contact teachingLectures Practice sessions

ExaminationWritten with oral presentation Closed book Open-question

Notes taken in class.

Syllabus, additional information and exercises are available via Blackboard.

R. Kaas, M. Goovaerts, J. Dhaene, M. Denuit, "Modern Actuarial Risk Theory", 2001.

B. Sundt, "An Introduction to Non-Life Insurance Mathematics", 1993.

M. Goovaerts, R. Kaas, A. Van Heerwaarden, T. Bauwelinkx, "Effective Actuarial Methods", 1990.

M. Denuit, J. Dhaene, M. Goovaerts, R. Kaas, "Actuarial Theory for Dependent Risks Measures, Orders and Models", 2005.

A. De Schepper

Faculteit TEW, Prinsstraat 13 (B.427), 2000 Antwerpen

tel: 03-265.40.77

ann.deschepper@uantwerpen.be