CODE 66704 ACADEMIC YEAR 2021/2022 CREDITS 9 cfu anno 2 ECONOMIA AZIENDALE 8697 (L-18) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/11 LANGUAGE Italian TEACHING LOCATION GENOVA SEMESTER 2° Semester SECTIONING Questo insegnamento è diviso nelle seguenti frazioni: A B PREREQUISITES Propedeuticità in ingresso Per sostenere l'esame di questo insegnamento è necessario aver sostenuto i seguenti esami: Business Administration 8697 (coorte 2020/2021) BUSINESS ADMINISTRATION 41125 2020 TEACHING MATERIALS AULAWEB OVERVIEW The course examines the instruments and institutions that make up the financial system of the modern economy, such as bonds, stocks, derivatives, and the money market, as well as the role of banks in deposit and credit creation, insurance companies, asset management companies, etc.. Along the way, standard concepts and tools of financial analysis are covered, including the risk-return trade-off , the evaluation of financial instruments, the diversification of risk. AIMS AND CONTENT LEARNING OUTCOMES The course introduces to the knowledge of financial intermediaries, covering the following issues: role of financial intermediation in the economic system, economic functions of financial intermediaries, theory of financial intermediation, regulation and supervision, financial intermediaries’ income statement and balance sheet, financial intermediaries’ risks, financial instruments, organisation of financial markets. AIMS AND LEARNING OUTCOMES The course examines the instruments and institutions that make up the financial system of the modern economy, such as bonds, stocks, derivatives, and the money market, as well as the role of banks in deposit and credit creation, insurance companies, asset management companies, etc.. Along the way, standard concepts and tools of financial analysis are covered, including the risk-return trade-off , the evaluation of financial instruments, the diversification of risk. PREREQUISITES Students are expected to have passed the exam of Business Adminstration. They have also advised to have a thorough knowledge of Financial mathematics. TEACHING METHODS The course entails different teaching methods such as Lectures, Case Studies, Seminars and Workshop with Professionals, Assignments using Aulaweb platform, Auto evaluation tests. In consideration of the current COVID-19 emergency, if restrictions persist and traditional face-to-face classrooms teaching is not be possible, blended learning methods will be adopted and the whole course will be available also online. More details will be provided to the students at the beginning of the semester via AulaWeb. SYLLABUS/CONTENT INTRODUCTION AND OVERVIEW OF FINANCIAL MARKETS SECURITIES MARKETS Money Markets Bond Markets Mortgage Markets Stock Markets Foreign Exchange Markets Derivative Securities Markets COMMERCIAL BANKS Commercial Banks: Industry Overview Commercial Banks’ Financial Statements and Analysis Regulation of Commercial Banks OTHER FINANCIAL INSTITUTIONS Other Lending Institutions: Savings Institutions, Credit Unions, and Finance Companies Insurance Companies Securities Firms and Investment Banks Investment Companies Pension Funds RISK MANAGEMENT IN FINANCIAL INSTITUTIONS Types of Risks Incurred by Financial Institutions Managing Credit Risk on the Balance Sheet Managing Liquidity Risk on the Balance Sheet Managing Interest Rate Risk and Insolvency Risk on the Balance Sheet Managing Risk off the Balance Sheet with Derivative Securities Managing Risk off the Balance Sheet with Loan Sales and Securitization RECOMMENDED READING/BIBLIOGRAPHY Anthony Saunders and Marcia Cornett, (2018), "Financial Markets and Institutions", Mc-Graw-Hill, 7th Edition.ns, MCGraw- Hill, 2015, 6th edition. TEACHERS AND EXAM BOARD LAURA NIERI Ricevimento: Office hours are published on Aulaweb course page at the beginning of the course For other hours please contact the teacher via email. Always check Aulaweb news for update and changes Exam Board LAURA NIERI (President) BARBARA ALEMANNI MARCO DI ANTONIO FRANCESCA QUERCI LESSONS LESSONS START Lessons start in the second semester. Class schedule FINANCIAL MARKETS AND INSTITUTIONS B EXAMS EXAM DESCRIPTION The final exam is a theoretical and practical assignment. Students who attend lectures regularly may choose the 'continuos valuation method' that implies 3-4 assignments and an intermediate exam. ASSESSMENT METHODS The assignment includes multiple-choice questions; open questions; exercises and problems. Exam schedule Data appello Orario Luogo Degree type Note 13/01/2022 10:00 GENOVA Scritto 03/02/2022 10:00 GENOVA Scritto 11/05/2022 15:00 GENOVA Scritto 11/05/2022 15:00 GENOVA Scritto 01/06/2022 10:00 GENOVA Scritto 16/06/2022 10:00 GENOVA Scritto 07/07/2022 10:00 GENOVA Scritto 09/09/2022 16:00 GENOVA Scritto FURTHER INFORMATION Students who fail the exam can repeat it with no limitations. However if the final score in below 16/30 the exam cannot be repeated in the next date.
