FINANCIAL MARKETS AND INSTITUTIONS

FINANCIAL MARKETS AND INSTITUTIONS

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Code
66704
ACADEMIC YEAR
2020/2021
CREDITS
9 credits during the 2nd year of 8697 Business Administration (L-18) GENOVA
SCIENTIFIC DISCIPLINARY SECTOR
SECS-P/11
LANGUAGE
Italian
TEACHING LOCATION
GENOVA (Business Administration)
semester
2° Semester
sectioning
This unit is divided into 2 sections: A, B. This page refers to the section
Prerequisites
Teaching materials

OVERVIEW

The course examines the instruments and institutions that make up the financial system of the modern economy, such as bonds, stocks, derivatives, and the money market, as well as the role of banks in deposit and credit creation, insurance companies, asset management companies, etc.. Along the way, standard concepts and tools of financial analysis are covered, including the risk-return trade-off , the evaluation of financial instruments, the diversification of risk.

 

 

AIMS AND CONTENT

LEARNING OUTCOMES

The course introduces to the knowledge of financial intermediaries, covering the following issues: role of financial intermediation in the economic system, economic functions of financial intermediaries, theory of financial intermediation, regulation and supervision, financial intermediaries’ income statement and balance sheet, financial intermediaries’ risks, financial instruments, organisation of financial markets.

AIMS AND LEARNING OUTCOMES

The course examines the instruments and institutions that make up the financial system of the modern economy, such as bonds, stocks, derivatives, and the money market, as well as the role of banks in deposit and credit creation, insurance companies, asset management companies, etc.. Along the way, standard concepts and tools of financial analysis are covered, including the risk-return trade-off , the evaluation of financial instruments, the diversification of risk.

PREREQUISITES

Students are expected to have passed the exam of Business Adminstration.

They have also advised to have a thorough knowledge of Financial mathematics.

Teaching methods

The course entails different teaching methods such as Lectures, Case Studies, Seminars and Workshop with Professionals, Assignments using Aulaweb platform, Auto evaluation tests.

 

In consideration of the current COVID-19 emergency, if restrictions persist and traditional face-to-face classrooms teaching is not be possible, blended learning methods will be adopted and the whole course will be available also online. More details will be provided to the students at the beginning of the semester via AulaWeb.

 

SYLLABUS/CONTENT

  • INTRODUCTION AND OVERVIEW OF FINANCIAL MARKETS
  • SECURITIES MARKETS
    • Money Markets
    • Bond Markets
    • Mortgage Markets
    • Stock Markets
    • Foreign Exchange Markets
    • Derivative Securities Markets
  • COMMERCIAL BANKS
    • Commercial Banks: Industry Overview
    • Commercial Banks’ Financial Statements and Analysis
    • Regulation of Commercial Banks
  • OTHER FINANCIAL INSTITUTIONS
    • Other Lending Institutions: Savings Institutions, Credit Unions, and Finance Companies
    • Insurance Companies
    • Securities Firms and Investment Banks
    • Investment Companies
    • Pension Funds
  • RISK MANAGEMENT IN FINANCIAL INSTITUTIONS
    • Types of Risks Incurred by Financial Institutions
    • Managing Credit Risk on the Balance Sheet
    • Managing Liquidity Risk on the Balance Sheet
    • Managing Interest Rate Risk and Insolvency Risk on the Balance Sheet
    • Managing Risk off the Balance Sheet with Derivative Securities
    • Managing Risk off the Balance Sheet with Loan Sales and Securitization

 

RECOMMENDED READING/BIBLIOGRAPHY

Anthony Saunders and Marcia Cornett, (2018), "Financial Markets and Institutions", Mc-Graw-Hill, 7th Edition.ns, MCGraw- Hill, 2015, 6th edition.

 

TEACHERS AND EXAM BOARD

Ricevimento: Office hours are published on Aulaweb course page at the beginning of the course For other hours please contact the teacher via email. Always check Aulaweb news for update and changes   

LESSONS

Teaching methods

The course entails different teaching methods such as Lectures, Case Studies, Seminars and Workshop with Professionals, Assignments using Aulaweb platform, Auto evaluation tests.

 

In consideration of the current COVID-19 emergency, if restrictions persist and traditional face-to-face classrooms teaching is not be possible, blended learning methods will be adopted and the whole course will be available also online. More details will be provided to the students at the beginning of the semester via AulaWeb.

 

LESSONS START

Lessons start in the second semester. 

 

ORARI

L'orario di tutti gli insegnamenti è consultabile su EasyAcademy.

Vedi anche:

FINANCIAL MARKETS AND INSTITUTIONS B

EXAMS

Exam description

The final exam is a theoretical and practical assignment.

Students who attend lectures regularly may choose the 'continuos valuation method' that implies 3-4 assignments and an intermediate exam.

Assessment methods

The assignment includes multiple-choice questions; open questions; exercises and problems.

 

 

FURTHER INFORMATION

Students who fail the exam can repeat it with no limitations.

However if the final score in below 16/30 the exam cannot be repeated in the next date.