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FINANCIAL INSTRUMENTS AND MARKETS

Modulo Generico
Codice dell'attività formativa: 
162004-M1

Scheda dell'insegnamento

Per studenti immatricolati al 1° anno a.a.: 
2022/2023
Insegnamento (nome in italiano): 
FINANCIAL INSTRUMENTS AND MARKETS
Insegnamento (nome in inglese): 
FINANCIAL INSTRUMENTS AND MARKETS
Tipo di attività formativa: 
Attività formativa Caratterizzante
Tipo di insegnamento: 
Obbligatoria
Settore disciplinare: 
ECONOMIA DEGLI INTERMEDIARI FINANZIARI (SECS-P/11)
Anno di corso: 
1
Anno accademico di offerta: 
2022/2023
Crediti: 
6
Responsabile della didattica: 
Mutuazioni

Altre informazioni sull'insegnamento

Ciclo: 
Primo Semestre
Obbligo di frequenza: 
No
Ore di attività frontale: 
48
Ore di studio individuale: 
102
Ambito: 
Aziendale
Prerequisites

Good knowledge of finance and statistics.

Educational goals

This course module focuses on understanding the markets in which various financial instruments are traded, the factors that influence the return and risk characteristics of financial instruments (both individually and in portfolio choices), and the role played by the main financial institutions.

At the end of the course, students will be able to: (i) apply concepts relevant to financial markets and financial institutions, such as the flow of funds, levels of interest rates and interest rate differentials, to current events or topical issues; (ii) determine and analyze the appropriate measures of risk and return for various financial instruments. Understand the mechanics and regulation of financial securities exchanges and determine how the value of stocks, bonds, and securities are calculated; (iii) identify and evaluate the role symmetric versus asymmetric information plays in the structure and operation of the financial system information; (iv) evaluate empirical evidence of market performance, and contrast it with theories of market performance; (v) research and analyze specific problems or issues related to financial markets and institutions; (vi) explain the economic rationale for various financial instruments and markets; (vii) identify threats to financial stability in markets and instruments based on case studies of previous financial crises.

Course content

•Overview of the Financial System
Interest Rates;
•Money Markets;
•Capital Markets: Bond Markets and Stock Markets;
•Foreign Exchange Markets and International Financial Markets;
•Hedging and Derivatives Markets;
•Depository Institutions and contractual saving institutions;
•Securities Market Institutions and Investment Institutions;
•Financial market failure, crises and regulation.

Teaching methods

Lectures introduce the underlying theory, while empirical applications through STATA econometric software allow Students to apply the techniques introduced and test their understanding of how and why some strategies and misuse of financial instruments may lead to financial instability.

Assessment and Evaluation

The final assessment (attending and non-attending Students) will be composed of: (i) 30% applied assignments on a set of predetermined current financial market issues; (ii) 70% written exam at the end of the semester.

Further information

The exam rules are the same for both attending students and non-attending students. Therefore, non-attending students can also access applied assignments, as long as they are able to share the activity with the students attending.
In case of provisions of the competent authority on containment and management of epidemiological emergency, the teaching may be subject to changes from what is declared in the syllabus in order to make the course and examinations in line with the regulations.