Course 2025-2026 a.y.

30055 - FINANCIAL ECONOMICS

Department of Finance


Student consultation hours
Class timetable
Exam timetable

Course taught in English
Go to class group/s: 31 - 32 - 33 - 34
BAI (6 credits - II sem. - OP  |  SECS-P/01) - BEMACS (6 credits - II sem. - OP  |  SECS-P/01) - BESS-CLES (6 credits - II sem. - OP  |  SECS-P/01) - BIEF (6 credits - II sem. - OP  |  SECS-P/01) - BIEM (6 credits - II sem. - OP  |  12 credits SECS-P/01) - BIG (6 credits - II sem. - OP  |  12 credits SECS-P/01) - CLEAM (6 credits - II sem. - OP  |  SECS-P/01) - WBB (6 credits - II sem. - OP  |  SECS-P/01)
Course Director:
ANDREA BELTRATTI

Classes: 31 (II sem.) - 32 (II sem.) - 33 (II sem.) - 34 (II sem.)
Instructors:
Class 31: ANDREA BELTRATTI, Class 32: ANDREA BELTRATTI, Class 33: JULIEN SAUVAGNAT, Class 34: JULIEN SAUVAGNAT


Mission & Content Summary

MISSION

Introduction to financial markets from the point of view of asset pricing with a focus on equity market and bond market, developing tools that are relevant for investing and portfolio choice. The mission is to make students aware of the power of financial markets and at the same of the investment opportunities open to retail and institutional investors

CONTENT SUMMARY

- introduction to financial markets

- understanding data and measuring long-run risk and return

- conditional and unconditional returns distribution

- risk modeling

- preference description and mean-variance utility function

- behavioral finance

- basics of bond pricing

- managing bond portfolios

- basics of portfolio diversification

- the Markowitz model

 


Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...

1. understand the relevance of financial markets for financing

2. understand the relevance of financial markets for investing activities

3. understand opportunities associated with stock and bond investing for portfolio diversification

4. learning information about long-run  risk and return of main asset classes

5. acquiring knowledge of risk measurement and prediction

6. understand the differences between conditional and unconditional return distributions

7. understanding knowledge of bond pricing

8. learning the main tools of bond portfolio management

9. understanding the mechanics of portfolio optimization

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...

1. start investing in a rational way

2. distinguish rational and non-rational behavior in vesting

3. basic pricing of stocks and bonds

4. build diversified portfolios


Teaching methods

  • Lectures
  • Practical Exercises

DETAILS

Lectures consist of standard face to face meetings according to preset schedule


Assessment methods

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

ATTENDING AND NOT ATTENDING STUDENTS

final written exam


Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

Financial markets and investment, textboo, Andrea Beltratti, 2025, EGEA

Last change 22/11/2025 17:45