autumn 2014

SOK-2004 Risk and incentives - 10 ECTS

Sist endret: 29.01.2016

The course is provided by

Faculty of Biosciences, Fisheries and Economics

Location

Tromsø |

Application deadline

Applicants from Nordic countries:

1st of June 

Applicants from outside the Nordic countries:

15th of April

Type of course

This course can be taken as a singular course.

Admission requirements

Nordic applicants: Generell studiekompetanse

International applicants: Higher Education Entrance Qualification and certified language requirements in English.

A list of the requirements for the Higher Education Entrance Qualification in Norway can be found on the web site from the Norwegian Agency for Quality Assurance in Education (NOKUT). For language requirements we refer to NOKUT's GSU-list.

Application code: 9199 (Nordic applicants).

Course content

An intermediate course in microeconomic analysis concentrating on decision-making under uncertainty, analysis of risk, and reward systems.

Objectives of the course

Students who have successfully completed the course should have achieved the following learning outcomes:

 

Knowledge and comprehension:

  • Knowledge of how risk and uncertainty are modelled
  • Knowledge of how risk and uncertainty affect economic decision making
  • Knowledge and understanding of how economic actors are affected by incentives

Skills:

  • To be able to analyse decision making under risk and uncertainty
  • To be able to analyse how incentives work in relation to the goals of a firm (corporate governance).

 Competence:

  • Ability to advise on decision making under uncertainty (for example investment or insurance decisions)
  • Ability to design an incentive system to achieve the aims of the unit or firm.

 

 

Language of instruction

English

Teaching methods

Lectures and seminars

Assessment

4 hours written examination at campus Tromsø.

A written assignment must be passed before students is eligible for the final examination.

There will be arranged a re-sit exam for this course.

Date for examination

One written 20.11.2014

The date for the exam can be changed. The final date will be announced in the StudentWeb early in May and early in November.

Schedule

Recommended reading/syllabus

Literature will be announced in Fronter at the beginning of term or may be obtained by contacting the bookstore Akademisk Kvarter (Tromsø).