Information updated until 30/06/2026 CODE 84088 ACADEMIC YEAR 2026/2027 CREDITS 6 cfu anno 2 AMMINISTRAZIONE, FINANZA E CONTROLLO 11873 (LM-77 R) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/02 LANGUAGE Italian TEACHING LOCATION GENOVA SEMESTER 2° Semester MODULES Questo insegnamento è un modulo di: ECONOMICS OF FINANCIAL MARKETS WITH LANGUAGE ADVANCE KNOWLEDGE OVERVIEW Course description The aim of the course is providing a suitable knowledge on the financial sector of the economy, with particular focus on the debate on markets effiiciency, on the transmission mechanism of monetary policy. Attendance, although not mandatory, is strongly advised. AIMS AND CONTENT LEARNING OUTCOMES The course of Economics of Financial Markets has the specific aim of providing both theoretical and technical knowledge on the working of financial markets, with specific focus on the most recent theories and the debate among the different streams of thought. Specific attention will be dedicated to the impact of monetary policies on financial markets, to the creation and propagation of expectations and to the impact that they have on the yields of financial assets and their time structure. AIMS AND LEARNING OUTCOMES The main targets of the course are the following: Understanding the working of financial markets Understanding the effects of monetary policy on the financial markets Ability to properly communicate in written and oral form, ability to adapt communication to the context, use of sources and tools of various nature, critical thinking, ability to use, develop and value information, ability to expose. PREREQUISITES Undergraduate introductory courses of Macroeconomics and Microeconomics. TEACHING METHODS Lectures by the teacher. Seminars on a few specific topics. The teaching methods consist of lectures. Students with disabilities, SLD or SEN Students with disabilities, with SLD or with SEN are reminded that, to request exam accommodations, they must first upload their certification to the University website at servizionline.unige.it<https://servizionline.unige.it/>, in the “Students” section. The documentation will be checked by the University’s Services for the Inclusion of Students with Disabilities and with SLD. At the beginning of the course, students are advised to contact the lecturer to agree on exam arrangements which, while respecting the learning objectives of the course, take individual learning needs into account. To request compensatory tools or dispensatory measures, students with disabilities or SLD must fill in the dedicated Webform available athttps://unige.it/disabilita-dsa, at least 7 working days before the exam. Students with SEN may instead send their request by e-mail to the lecturer, copying the Department Representative, Prof. Elena Lagomarsino, at inclusione.economia@unige.it<mailto:inclusione.economia@unige.it>, and the Inclusion Office ati nclusione.studenti@info.unige.it<mailto:inclusione.studenti@info.unige.it>. Requests from students will be assessed by the lecturer and may be approved or rejected. SYLLABUS/CONTENT Part I: The Debate on Financial Markets Efficinecy The conventional approach and its foundations. Some alternative approaches and the main objections to the orthodox models. Firm's investments and financial markets. Part II: Monetary Policy and Financial Markets Central Bank, inside money, outside money and payment systems. From the policy interest rate tto the markets interest rates. The Transmissiom Mechanism of Monetary Policy: the Money Channel and the Crediit Channel RECOMMENDED READING/BIBLIOGRAPHY Mazzoli, M. Tamburrella, L. "Economia dei Mercati Finanziari", Torino, Giappichelli Editore, Forthcoming. The section "Annunci" will contain additional teaching material that may be included in extra exam questions that will grant extra points, so that the final mark will be given by the 30 points for the conventioanl questions plus 3-4 points given by "bonus" extra questions. Obvously the students who had the exam in previous academic years, may give the exam with the textbook recommended in the academic year where they were supposed to give the exam. Alternative textbooks and specific indications on reference bibliography will be provided by the professor at the beginning of the lectures. TEACHERS AND EXAM BOARD MARCO MAZZOLI Ricevimento: Office hours for meeting students will be published on the "AulaWeb" site of the course as soon as the administration offices have prepared the lessons timetable. The office hours for meeting students only apply during the lessons periods of the Ist and 2nd Semesters. Out of the Ist and 2nd semesters the students may contact the teacher by e-mail to set an appointment. Any change will be communicated on the AulaWeb Forum of the course. LESSONS LESSONS START Second Semester Class schedule The timetable for this course is available here: Portale EasyAcademy EXAMS EXAM DESCRIPTION Written Exam. ASSESSMENT METHODS The assessment methods consost of a written exam with open questions on the topics of the course. There are no restrictions in repeting the exam, in case of failure. FURTHER INFORMATION Students with disabilities, SLD or SEN Students with disabilities, with SLD or with SEN are reminded that, to request exam accommodations, they must first upload their certification to the University website at servizionline.unige.it<https://servizionline.unige.it/>, in the “Students” section. The documentation will be checked by the University’s Services for the Inclusion of Students with Disabilities and with SLD. At the beginning of the course, students are advised to contact the lecturer to agree on exam arrangements which, while respecting the learning objectives of the course, take individual learning needs into account. To request compensatory tools or dispensatory measures, students with disabilities or SLD must fill in the dedicated Webform available athttps://unige.it/disabilita-dsa, at least 7 working days before the exam. Students with SEN may instead send their request by e-mail to the lecturer, copying the Department Representative, Prof. Elena Lagomarsino, atinclusione.economia@unige.it<mailto:inclusione.economia@unige.it>, and the Inclusion Office atinclusione.studenti@info.unige.it<mailto:inclusione.studenti@info.unige.it>. Requests from students will be assessed by the lecturer and may be approved or rejected. Agenda 2030 - Sustainable Development Goals No poverty Zero hunger Good health and well being Quality education Gender equality Decent work and economic growth Industry, innovation and infrastructure Reduce inequality
