Details
Instructor: Lucio Gobbi
Class hours: 36 (6 ECTS) + 18 (Tutorials)
Objectives
The aim of the course is to provide students with notions and tools for analysis of modern financial and monetary systems, in an integrated perspective between micro and macro-level, and between managerial approach and economic analysis.
At the end of the course students are expected to:
- understand and summarise the literature, both academic and professional, in the field of economic-financial analyses and forecasts
- analyse and explain the characteristics and evolution trends of financial systems, also comparatively
- understand the causes and implications of financial inefficiencies for security markets, financial choices of housholds, corporate governance and finance, bank-firm relationships
- analyse saving and portfolio diversification choices by housholds; investment and financing choices by firms; credit policies by bank intermediaries and their relationshps with firms.
Pre-requirements
The course is open to students with different bakgrounds than economics and management, and there are no formal prerequistes. However, basic notions of Macroeconomics, Microeconomics, Financial markets are intermediaries and recommended.
Contents
The course aims at offering instruments in financial systems analysis, and analysis of behaviour of main financial operators and institutions.
Focus will be on
- basic national financial accounting
- comparative financial systems
- the theory of efficient financial markets
- household and corporate finance
- intermediaries, with special reference to the implications of imperfect capital market
- introductory notions of international finance
A detailed syllabus will be available at the beginning of the course.
Teaching methods
Teaching is organized in lectures and tutorials (2 lectures + 1 tutorial per week). Tutorials are mainly devoted to reading and discussing Journal articles and case studies assigned in the programme with the assistance of a tutor.
Texts
There is no textbook, only lecture notes distributed online.
Further readings and case studies will be indicated during the course.
All materials and information are available online in the course webpage on the platform Moodle.
Evaluation of learning
The students' competences will be tested with a final written online exam. Students will have to choose one out two theoretical questions. Each question will be divided in three subquestions. First two are theoretical subquestions, while the last concerns the papers seen during the course