The teaching unit provides an introduction to the financial system. In particular, it analyses the functions of the financial system, the different institutions—markets and intermediaries—that compose it, and the instruments used.
The course aims to provide students with a basic knowledge of the financial system. More specifically, the course covers topics such as the functions performed by the financial sector, the features of financial instruments and the main characteristics of financial institutions and markets. Students will understand how the financial sector meets the financial needs of households and businesses, such as investing, financing, making payments and/or managing risks.
- Know the structure of the financial system, the main types of financial intermediaries, the characteristics of the main financial instruments, the functioning of financial markets, the supervisory architecture of the financial system in Europe and Italy, and the strategy and operational framework of European monetary policy, at the end of the teaching unit and based on lectures and business testimonials. - Be able to measure the return and risk of the main financial instruments, applying the acquired knowledge to exercises and cases proposed during lectures and in exams. - Be able to use the acquired knowledge to solve simple problems involving investment in financial assets and project financing, in simulated or real contexts presented in class or during exams. - Be able to measure the outcome of a transaction in derivative instruments and assess the appropriateness of risk hedging, through exercises and practical cases. - Be able to measure banks' exposure to credit, interest rate, market, liquidity, and leverage risks, using data and cases provided during the course. - Be able to analyse the financial statements of the main financial intermediaries by calculating appropriate ratios, on data provided in class or in exams.
Learning outcomes according to the Dublin descriptors: 1. Knowledge and understanding: acquire knowledge and understanding of the structure, functioning, and functions of the financial system, through lectures, business testimonials, and data analysis. 2. Applying knowledge and understanding: apply the acquired knowledge to the analysis of financial needs and the evaluation of solutions offered by the financial system, through exercises and practical cases. 3. Making judgements: formulate independent judgements on the economic and managerial balance of financial intermediaries, based on data and cases discussed in class. 4. Communication skills: use the technical language of the discipline to communicate with specialists and non-specialists, also through the use of information sources and databases. 5. Learning skills: develop autonomous learning skills to further explore the main topics of the discipline, using bibliographic sources and updated data.
It is mandatory to have passed the exams of Business Administration and Financial Mathematics before attending this teaching unit.
The teaching unit uses different methods, including lectures, case studies, business testimonials, individual and/or group assignments based on instructions provided by the instructor on Aulaweb, self-assessment tests, and instant polls as participatory teaching tools. Support is available for students with learning disabilities or special needs, according to University procedures. Attendance is not compulsory.
Anthony Saunders, Marcia Cornett, and Otgo Erhemjamts(2022), "Financial Markets and Institutions", Mc-Graw-Hill,8th edition (but also 7th and 6th Editiona are fine), MCGraw- Hill.
Ricevimento: Office hours are published on Aulaweb course page at the beginning of the course For other hours please contact the teacher via email. Always check Aulaweb news for update and changes
LAURA NIERI (President)
BARBARA ALEMANNI
MARCO DI ANTONIO
FRANCESCA QUERCI
Lessons start in the second semester. The detailed schedule is available on the Department website
FINANCIAL MARKETS AND INSTITUTIONS B
The exam is written and can be taken during the scheduled exam sessions.
The assignment includes multiple-choice questions; open questions; exercises and problems.
There are no limitations on the number of exam attempts per session. However, if the grade obtained in an exam is below 16/30, it will not be possible to retake the exam in the next session unless it is in a different exam period. For further information not included in this course description, please contact the instructor.
