ECONOMICS OF FINANCIAL MARKETS

CODE	84088
ACADEMIC YEAR	2025/2026
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.

Students with certification of disability, specific learning disorders (DSA), or special
educational needs should contact, at the beginning of the course, both the instructor and the
Department's disability liaison, Professor Elena Lagomarsino (elena.lagomarsino@unige.it), to agree
on teaching and examination arrangements that, while respecting the objectives of the
teaching unit, take into account individual learning needs and allow the use of compensatory
tools.

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

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. Any change will be communicated on the AulaWeb Forum of the course.