CODE 103986 ACADEMIC YEAR 2022/2023 CREDITS 9 cfu anno 3 DIRITTO ED ECONOMIA DELLE IMPRESE 11122 (L-18) - LA SPEZIA 9 cfu anno 3 DIRITTO ED ECONOMIA DELLE IMPRESE 11122 (L-14) - LA SPEZIA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/11 LANGUAGE Italian TEACHING LOCATION LA SPEZIA SEMESTER 1° Semester PREREQUISITES Propedeuticità in ingresso Per sostenere l'esame di questo insegnamento è necessario aver sostenuto i seguenti esami: LAW AND BUSINESS ADMINISTRATION 11122 (coorte 2020/2021) BUSINESS ECONOMY 103971 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. 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 MARCO DI ANTONIO Ricevimento: MARCO DI ANTONIO Office hours: Orario ricevimento: Tuesday, at 4 p.m. http://www.economia.unige.it/index.php/il- dipartimento/personale/docent… Exam Board MARCO DI ANTONIO (President) LAURA NIERI FRANCESCA QUERCI (Substitute) LESSONS LESSONS START Lessons start in the first semester. Class schedule The timetable for this course is available here: Portale EasyAcademy EXAMS EXAM DESCRIPTION The final exam is a theoretical and practical assignment. 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. ASSESSMENT METHODS The assignment includes multiple-choice questions; open questions; exercises and problems. Exam schedule Data appello Orario Luogo Degree type Note 11/01/2023 11:00 LA SPEZIA Scritto 02/02/2023 11:00 LA SPEZIA Scritto 17/05/2023 11:00 LA SPEZIA Scritto 05/06/2023 11:00 LA SPEZIA Scritto 22/06/2023 11:00 GENOVA Scritto 05/07/2023 14:00 LA SPEZIA Scritto 12/09/2023 11:00 LA SPEZIA Scritto FURTHER INFORMATION Office hours: The teacher can always be contacted via email. Always check Aulaweb news for update.
