Risk and incentives
About the course
An intermediate course in microeconomic analysis concentrating on decision-making under uncertainty, analysis of risk, and reward systems.
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).
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.
Teaching methods
Language of instruction and examination
EnglishRecommended reading/syllabus
Literature will be announced in Fronter at the beginning of term or may be obtained by contacting the bookstore Akademisk Kvarter (Tromsø).Application deadline
Applicants from Nordic countries:
1st of June
Applicants from outside the Nordic countries:
15th of April
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.
Error rendering component