Personal Finance and Behavioral Economics · Personal Finance

Managing Risk

Analyzing insurance, diversification, and the economic impact of uncertainty.

Key Questions

  1. 1How do insurance premiums reflect the probability of individual risk?
  2. 2What incentives are driving people to underestimate rare but catastrophic events?
  3. 3Who bears the costs when individuals fail to save for retirement?

National Curriculum Attainment Targets

A-Level: Economics - Financial MarketsA-Level: Economics - Risk and Financial Regulation
Year: Year 12
Subject: Economics
Unit: Personal Finance and Behavioral Economics
Period: Personal Finance

Suggested Methodologies

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