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FINANCIAL ANALYSTS 2

CODE 94932
ACADEMIC YEAR 2021/2022
CREDITS
  • 3 cfu during the 2nd year of 8700 ECONOMIA E ISTITUZIONI FINANZIARIE (LM-56) - GENOVA
  • 3 cfu during the nd year of 8700 ECONOMIA E ISTITUZIONI FINANZIARIE (LM-56) - GENOVA
  • 3 cfu during the 2nd year of 8706 AMMINISTRAZIONE, FINANZA E CONTROLLO (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 

    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

    Exam Board

    GIULIA LEONI (President)

    SIMONE LIGATO

    LESSONS

    LESSONS START

    Second Term 

    Class schedule

    FINANCIAL ANALYSTS 2

    EXAMS

    Exam schedule

    Date Time Location Type Notes
    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