LSA Course Guide

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Class Detail:
FA 2010 Economics ECON 395 - Topics in Microeconomics and Microeconomic Policy Section 002 Risk and Uncertainty
Credits:	3
Waitlist Capacity:	unlimited
Enforced Prerequisites:	ECON 101 with a C or better.
Advisory Prerequisites:	ECON 102 (unless ECON 101 completed with B or higher).
Repeatability:	May be repeated for a maximum of 6 credit(s). May be elected more than once in the same term.
Primary Instructor:	Hogan,Chad Augustine
	(real time availability for all sections)

This course aims to introduce students to economic models of decision making under uncertainty. We will begin with an introduction to utility theory, and then develop the expected utility hypothesis. We will review some of the classical criticisms of the expected utility hypothesis, and review of the recent alternative models that have been popularized in the behavioral economics literature. We will devote the remainder of the term to a range of market applications of expected utility theory, with special attention paid to insurance markets and asset markets. For textbook information, please visit the ECON Textbook Information Website. Information will be posted for each class as soon as it is available.

Course Syllabi Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms. Search for Syllabus

Textbooks/Other Materials (data maintained by department in Wolverine Access)

Note:	Please use Wolverine Access Class Search to check for textbook information.