CODE 94932 ACADEMIC YEAR 2021/2022 CREDITS 3 cfu anno 2 ECONOMIA E ISTITUZIONI FINANZIARIE 8700 (LM-56) - GENOVA 3 cfu anno ECONOMIA E ISTITUZIONI FINANZIARIE 8700 (LM-56) - GENOVA 3 cfu anno 2 AMMINISTRAZIONE, FINANZA E CONTROLLO 8706 (LM-77) - GENOVA LANGUAGE Italian TEACHING LOCATION GENOVA SEMESTER 2° Semester TEACHING MATERIALS AULAWEB OVERVIEW The course is the second and last of the two courses within the Analysts Program in partnership with AIAF (Italia association of Financial Analysis). The course aims at integrating the knowledge acquired during the two years of Master degree to provide students with a specific expertise to undertake the exam as Certified International Investment Analyst (CIIA). AIMS AND CONTENT LEARNING OUTCOMES The course aims at integrating the general courses of the Master Degree to include contents of financial analysis and financial instruments, and advance the knowledge acquired in the course Financial Analysts 1. The course aims to deepen and enlarge specific topics that are included in the first part of the CIIA examination. After recapping the main concepts of financial trading, the course deepens the valuation and analysis of derivatives, the methods for options pricing as well as issues and practicalities of portfolio management. AIMS AND LEARNING OUTCOMES At the end of the course, the student will be able to: Understand, analyse and evaluate various types of derivatives (futures and forwards), included their functioning Understand and analyse various types of options and their pricing models Understand, analyse and evaluate various types of derivatives (swaps and credit derivatives), included their functioning Analyse and discuss various issues of portfolio management (business; hedging; international and alternative investments, equity) Solve and discuss practical problems of financial instruments evaluation PREREQUISITES Financial analysts 1 (only for the students of the Master Degree in Administration, Finance and Control) TEACHING METHODS The teaching activities will be face-to-face lectures and in-class discussion of case studies and practical illustrations. SYLLABUS/CONTENT The course develops in 12 lectures according to the following program: Week Topic 1 Course introduction, the CIIA exam 2 & 3 Derivatives valuation and analysis: Futures and Forwards ; Market to market ; Theoretical valuation ; Hedging strategies 4 & 5 Standard options: valuation and sensitivity ; Option properties and put-call parity; Black-Scholes-Merton pricing framework Price sensitivity (Greeks) ; Binomial option pricing models: CRR Tree and EQP Tree 6-8 Derivatives valuation and analysis: Swaps and Credit derivatives: - Fundamentals - Interest Rate Swap (IRS)/Currency/Pricing of swaps - trigger events, yields and valuation of Credit derivatives. 9-12 Porfolio management: Hedging strategy Asset/Liability management; International investments; Equity management; Alternative investments RECOMMENDED READING/BIBLIOGRAPHY The teaching material for the lectures and the exam preparation will be made available via AulaWeb or directly in class by the lecturer. It is highly recommended to register to course on AulaWeb and verify to have access to journals and articles on the University Library website. TEACHERS AND EXAM BOARD GIULIA LEONI Ricevimento: Wedensday 11 am - 1 pm on Microsoft Teams or by requesting an appointment via email. SIMONE LIGATO Exam Board GIULIA LEONI (President) SIMONE LIGATO LESSONS LESSONS START Second Term Class schedule FINANCIAL ANALYSTS 2 EXAMS Exam schedule Data appello Orario Luogo Degree type Note 11/01/2022 17:30 GENOVA Scritto 25/01/2022 17:30 GENOVA Scritto 08/02/2022 17:30 GENOVA Scritto 06/06/2022 15:00 GENOVA Scritto 20/06/2022 15:00 GENOVA Scritto 04/07/2022 15:00 GENOVA Scritto 05/09/2022 15:00 GENOVA Scritto
