Course 2026-2027 a.y.

30728 - FINANCE - MODULE 1 (FINANCIAL MARKETS AND INSTITUTIONS)

Department of Finance


Course taught in English
Go to class group/s: 14 - 15 - 16 - 17 - 18 - 19 - 40 - 41 - 42 - 43
BIEF (6 credits - I sem. - OBBC  |  SECS-P/11) - BIEM (6 credits - I sem. - OBBC  |  SECS-P/11)
Course Director:
NICOLA GENNAIOLI

Classes: 14 (I sem.) - 15 (I sem.) - 16 (I sem.) - 17 (I sem.) - 18 (I sem.) - 19 (I sem.) - 40 (I sem.) - 41 (I sem.) - 42 (I sem.) - 43 (I sem.)
Instructors:
Class 14: PAOLO SALVATORE TRAMONI, Class 15: FRANCESCO BRIPI, Class 16: NICOLA GENNAIOLI, Class 17: JOSEFINA CENZON, Class 18: JOSEFINA CENZON, Class 19: ANDREA TORTOROGLIO, Class 40: MATTHIAS RODEMEIER, Class 41: MATTHIAS RODEMEIER, Class 42: NICCOLO' MARIO ZANCHI, Class 43: VITO SCARFO'


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

  • 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.
  • 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

  • Lectures
  • Collaborative Works / Assignments

DETAILS

The collaborative work will be an in class oral presentation with a group of peers on a topic related to course material


Assessment methods

  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
     x
  • Collaborative Works / Assignment (report, exercise, presentation, project work etc.)
 x    
  • Active class participation (virtual, attendance)
 x    

ATTENDING AND NOT ATTENDING STUDENTS

All students (attending and non attending) will have to take a general exam covering the entire program of the course.  The general exam will have multiple choice questions requiring both theoretical knowledge of the topics covered in the course and analytical ability to solve the mathematical models covered during the course.

 

For attending students, extra points can be added to the grade of the general exam based on two class activities.  The first is active participation by with questions or comments on the material covered in class.  the second is a group presentation of a topic related to the course material chosen by the student with a group of peers that will be formed at th ebeginning fo the course.  

 

The amount and model of attribution of the additional points will be clarified at the beginning of the course and in the course syllabus.    


Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

Mishkin-Eakins: Financial Markets and Institutions, 10th edition

Last change 22/05/2026 17:16