Economics for Actuaries
7.5 credits cr.
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Economics for Actuaries is given in Swedish, and more information can be found on the Swedish version of this page - click the little globe in the top right corner.
The course gives an introduction to micro and macro theories for future and current actuaries. The course goes through supply, demand and balanced prices together with price regulations. Elasticities. Utility theory of value and the customer's choice including decisions made whilst insecure. Insurance demand. The company's production decisions whilst competing with perfect competition, monopoly and imperfect competition. General balance, efficiency and distribution. Tax and open consumption. National calculations. Aggregated demand and supply, multiplied and accelerated mechanisms. Money theory and central bank politics. Inflation, unemployment and finance politics. International trade, payment balance and currency courses.