CODE 84088 ACADEMIC YEAR 2024/2025 CREDITS 6 cfu anno 2 AMMINISTRAZIONE, FINANZA E CONTROLLO 8706 (LM-77) - 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 TEACHING MATERIALS AULAWEB 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 Lessons by the teacher. Seminars on a few specific topics. Debates during lessons where "bonus" point can be attributed, in order for the students to acquire the following learning outcome: 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. A detailed description of the course is available on "AulaWeb". Students who have valid certification of physical or learning disabilities and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Professor Serena Scotto (scotto@economia.unige.it), the Department’s disability liaison. 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 Bagliano, F-C, Marotta, (2010) G., Economia Monetaria, seconda edizione, Bologna, Il Mulino, 2010, chapters 1 (pp.19.-31), 5 (pp. 165-188 and (198-208) 10 (pp. 309-323). Notes edited by the teacher (that will be available AND downloadable from “AulaWeb”): “The debate on market efficiency”. Notes edited by the teacher (that will be available AND downloadable from “AulaWeb”): "CAPM and APT" Notes edited by the teacher (that will be available AND downloadable from “AulaWeb”): "Il Canale Creditizio" Other teaching material downloadable from the section "Materiale oggetto di domande di bonus" on the AulaWeb page. 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 Exam Board SUSAN MARIE CAMPBELL (President) MARCO MAZZOLI (President) LUCA BELTRAMETTI ANNA BOTTASSO GABRIELE CARDULLO SIMONE LOMBARDINI ELENA SEGHEZZA LESSONS LESSONS START II Semester Class schedule ECONOMICS OF FINANCIAL MARKETS 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. Exam schedule Data appello Orario Luogo Degree type Note 16/12/2024 11:00 GENOVA Scritto 07/01/2025 11:00 GENOVA Scritto 27/01/2025 11:00 GENOVA Scritto 29/05/2025 11:00 GENOVA Scritto 19/06/2025 11:00 GENOVA Scritto 07/07/2025 11:00 GENOVA Scritto 02/09/2025 11:00 GENOVA Scritto FURTHER INFORMATION The concepts taught in the module require a basic knowledge provided by undergraduate courses in Microeconomics and Macroeconomics. 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