Course 2019-2020 a.y.

30367 - FINANCE (MODULE I) - FINANCIAL MARKETS AND INSTITUTIONS

Department of Finance

Course taught in English
Go to class group/s: 24 - 26
WBB (6 credits - I sem. - OB  |  SECS-P/11)
Course Director:
NICOLA GENNAIOLI

Classes: 24 (I sem.) - 26 (I sem.)
Instructors:
Class 24: NICOLA LIMODIO, Class 26: THORSTEN MARTIN


Suggested background knowledge

Mathematics (applied), Management, Accounting and Financial Statement Analysis.

Mission & Content Summary

MISSION

The main objective of this course is to provide the students with a general understanding of the different functions performed by financial markets and institutions and their role in the economic system. We start by giving a brief overview of the functions of the financial system and its connections to the real economy. We then study the functioning of financial markets and the main financial instruments. Finally, we study the economics of different types of financial institutions.

CONTENT SUMMARY

  1. The first part of the course analyzes in detail the characteristics of the major financial assets, and describes the institutional characteristics of the markets in which these assets are traded.
  2. The second part of the course studies in detail the objectives as well as the organization of the major financial intermediaries (commercial banks, investment banks, mutual funds) that allow to match demand and supply of funds when securities markets do not function perfectly.

Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Understand the functioning of financial markets and the role of financial institutions within the economic system.

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Interpret and assess the role of financial institutions and their behavior within the economic system.

Teaching methods

  • Face-to-face lectures

DETAILS

Face to face lessons. 


Assessment methods

  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
   x x

ATTENDING AND NOT ATTENDING STUDENTS

There are two written exams:

  • A partial exam around the second half of October and a cumulative general exam (based on the material covered during the whole course) in December and January, according to the University-wide schedule. There is no second partial exam; all students must take the general exam. If your partial exam grade is higher than your general exam grade, then your final grade is the simple arithmetic average of the two grades. Otherwise, your final grade is the grade you receive on the general exam. For example, if you receive 30 on the partial exam and 20 on the general exam, your final grade is 25. If, on the other hand, you receive 20 on the partial exam and 30 on the general exam, your final grade is 30.

Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

  • F.S. MISHKIN , S.G. EAKINS, Financial Markets & Institutions, Pearson Education, 2014, 9th edition.

  • Lecture notes and other materials are made available online on the course webpage.

Last change 30/05/2019 10:16