OVERVIEW

The course aims to provide students of the Master's Degree with an in-depth study of the methodologies and phenomena connected to the active and passive management of financial funds, developing, in particular, issues related to the application of international accounting principles, and the role played by quantitative techniques in their implementation process.

AIMS AND CONTENT

LEARNING OUTCOMES

The main objective of the course is to provide students with the knowledge and mastery of main quantitative techniques used for financial derivatives pricing, and for the valuation of actuarial items, in the light of the most recent European legislation and principles international accounting

AIMS AND LEARNING OUTCOMES

The course has the following main objectives: to provide students with the knowledge and mastery at an applied level of the main quantitative techniques used for the financial management of assets, and for the evaluation of actuarial items, in light of the most recent European legislation and international accounting principles.

PREREQUISITES

It is assumed that students, as they already have a three-year degree, possess basic mathematical and statistical skills.

TEACHING METHODS

Teaching usually takes place through lectures and exercises.

Students with a disability, DSA or special educational needs certification must contact, at the beginning of the lessons, both the teacher and the Department's disability contact, Prof. Serena Scotto ( scotto@economia.unige.it ), to agree on teaching and exam methods that, in compliance with the teaching objectives, take into account individual learning methods and allow the use of any compensatory tools.

SYLLABUS/CONTENT

Part I: Elements of financial portfolio management, Markowitz theory. CAPM and APT models: Advanced allocation methods. Practical applications

Part II: Pension plan management: general information. Pension plan calculation methods: actuarial and financial aspects. The main funding methods with particular emphasis on the Projected Unit Credit (PUC) method. The PUC in the context of international accounting discipline (IAS 19)

RECOMMENDED READING/BIBLIOGRAPHY

The study texts will be communicated in the classroom at the beginning of the lessons, as well as published on Aulaweb.

TEACHERS AND EXAM BOARD

LESSONS

LESSONS START

I semester.

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

The student's preparation is assessed through a final oral exam, consisting of exercises and theoretical questions (definitions, statements, applications, etc.). The specific exam methods will be communicated and made known on Aulaweb by the teacher during the lessons.

ASSESSMENT METHODS

The exam is oral, consisting of theoretical questions and/or simple exercises.

The questions and exercises are chosen to cover, as much as possible, all the topics of the exam program. Theoretical questions are aimed at evaluating the student's level of understanding, whereas exercises are used to measure the ability to apply the knowledge acquired. Details on how to prepare for the exam and the level of depth of each topic will be provided during the lessons.

FURTHER INFORMATION

It is mandatory to register for the exam online. In sessions where three exam sessions are scheduled, the student in progress or out of course can register/appear for the exam in two
out of three sessions, at his/her choice.