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.
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.
At the end of the course the students will:
- know the structure of the financial system, its functions, and the main financial intermediaries, financial markets and financial products and services
- know the objectives and the working of financial regulation and monetary policy
- know the banking, insurance and investment sectors
- apply the learned methodologies to calculate risk and return of financial instruments: bonds, stocks and derivatives
- apply the learned methodologies in portfolio management
- apply the learned methodologies to analyse and evaluate fiancial intermediaries economic equilibria: liquidity, profitability, solvibility
Students are expected to have passed the exam of Business Adminstration.
They have also advised to have a thorough knowledge of Financial mathematics.
The course entails different teaching methods such as Lectures and Exercises.
More details will be provided to the students at the beginning of the semester via AulaWeb.
INTRODUCTION AND OVERVIEW OF FINANCIAL MARKETS
Anthony Saunders and Marcia Cornett, (2018), "Financial Markets and Institutions", Mc-Graw-Hill, 7th Edition.ns, MCGraw- Hill, 2015, 6th edition.
Ricevimento: MARCO DI ANTONIO: Office hours: Tuesday at 1 p.m. By prior arrangement with the student, the teacher is also available outside office hours, either in person or remotely via Teams.
MARCO DI ANTONIO (President)
LAURA NIERI
FRANCESCA QUERCI (Substitute)
Lessons start in the first semester.
The timetable for this course is available here: EasyAcademy
The final exam is a theoretical and practical assignment. There are two theoretical open questions and two exercises. Time allowed is 80'.
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.
Students who have valid certification of disability or Specific Learning Desorders (DSA) on file with the University may request the use of compensatory measures during the exams (e.g. additional time, concept maps, modifications in the written/oral mode),
The teacher will evaluate the knowledge of the different topics learned at lessons.
He will also evaluate if the terminology used by the student is appropriate, if the time assigned to the different answers is balanced, if the trade-off between a complete and in-depth analysis is well managed . The exercises will be evaluated on the basis of the choice of the right formula, the corret calculation and the interpretation of the results.