Economics for Actuaries, 7.5 credits

About the course

The course gives and introduction to micro and macro theories for future and current actuaries. The course goes through supply, demand and balanced prices together with price regulations. Elasticies. Utility theory of value and the customers choice including decisions made whilst insecure. Insurance demand. The companies production decisions whilst competing with perfect competition, monopoly and imperfect competition. General balance, efficiency and distribution. Tax and open consuption. National calculations. Aggregated demand and supply, muliptlied and accelerated mechanisms. Money theory and central bank politics. Inflation, unemployment and finance politics. International trade, payment balance and currency courses.

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