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The topics of Sem 1 Midterm 17/18 Exam was 1. Describe the credit default swap scheme (Bond issuer/insurance company/bond holder) 2. Several insurance cases (Who will receive the money, how much, what are my options if I need money and can't pay insurance right now/What are special cases) 3. What is risk aversion (There is one graph which shows that U(50%*X1+50%X2)> 50%*U(X1)+ 50%* (X2)
You can find the 12th edition of the book online at https://ebookee.org/