ECONOMICS | Financial Markets and Institutions (Market Regulation)

cod. 0222200041

FINANCIAL MARKETS AND INSTITUTIONS (MARKET REGULATION)

	0222200041
	DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE
	EQF7
	ECONOMICS
	2017/2018

CURRICULUM ECONOMIA E FINANZA (EF)

	YEAR OF COURSE 1
	YEAR OF DIDACTIC SYSTEM 2016
	PRIMO SEMESTRE

TEACHING UNITS

	SSD	CFU	HOURS	ACTIVITY	TYPE OF ACTIVITY
	SECS-P/11	10	60	LESSONS	COMPULSORY SUBJECTS, CHARACTERISTIC OF THE CLASS

	Objectives
	THOROUGH UNDERSTANDING OF FINANCIAL MARKETS AND INSTITUTIONS WITH FOCUS ON REGULATION DUBLIN DESCRIPTORS ================== KNOWLEDGE AND UNDERSTANDING BASIC UNDERSTANDING OF FINANCIAL MARKETS, THEIR INSTITUTIONS AND BOTH REGULATIONS AND QUANTITATIVE MODELS GOVERNING THEM. APPLYING KNOWLEDGE AND UNDERSTANDING ASSESSING THE RISK-RETURN PROFILE OF MARKET INSTRUMENTS AND UNDERSTANDING THE MICROSTRUCTURE AND THE FEATURES OF MARKET CENTRES. APPLYING THEORETICAL MODELS TO SPECIFIC MARKETS AND INSTRUMENTS. MAKING JUDGEMENTS ASSESSING STRENGTH AND WEAKNESS OF FINANCIAL INSTRUMENTS, AND MARKET ARBITRAGE OPPORTUNITIES ENGENDERED BY REGULATION OR MICROSTRUCTURE. COMMUNICATION SKILLS STUDENTS WILL BE ABLE TO COMMUNICATE MARKET AND CONTRACT FEATURES TO BOTH PROFESSIONAL AND NON-PROFESSIONAL AUDIENCES. THEY WILL BE ABLE TO PRESENT MODEL FEATURES TO A PROFESSIONAL AUDIENCE. LEARNING SKILLS ABILITY TO APPROACH REAL INSTRUMENTS AND MARKETS, PROPOSING INVESTMENT SOLUTIONS AND SELECTING AMONG ALTERNATIVE RISK MANAGEMENT MODELS.

THOROUGH UNDERSTANDING OF FINANCIAL MARKETS AND INSTITUTIONS WITH FOCUS ON REGULATION

DUBLIN DESCRIPTORS
==================

KNOWLEDGE AND UNDERSTANDING

BASIC UNDERSTANDING OF FINANCIAL MARKETS, THEIR INSTITUTIONS AND BOTH REGULATIONS AND QUANTITATIVE MODELS GOVERNING THEM.

APPLYING KNOWLEDGE AND UNDERSTANDING

ASSESSING THE RISK-RETURN PROFILE OF MARKET INSTRUMENTS AND UNDERSTANDING THE MICROSTRUCTURE AND THE FEATURES OF MARKET CENTRES.
APPLYING THEORETICAL MODELS TO SPECIFIC MARKETS AND INSTRUMENTS.

MAKING JUDGEMENTS

ASSESSING STRENGTH AND WEAKNESS OF FINANCIAL INSTRUMENTS, AND MARKET ARBITRAGE OPPORTUNITIES ENGENDERED BY REGULATION OR MICROSTRUCTURE.

COMMUNICATION SKILLS

STUDENTS WILL BE ABLE TO COMMUNICATE MARKET AND CONTRACT FEATURES TO BOTH PROFESSIONAL AND NON-PROFESSIONAL AUDIENCES. THEY WILL BE ABLE TO PRESENT MODEL FEATURES TO A PROFESSIONAL AUDIENCE.

LEARNING SKILLS

ABILITY TO APPROACH REAL INSTRUMENTS AND MARKETS, PROPOSING INVESTMENT SOLUTIONS AND SELECTING AMONG ALTERNATIVE RISK MANAGEMENT MODELS.

	Prerequisites
	INTERMEDIATE STATISTICS AND CALCULUS

	Contents
	FINANCIAL SYSTEM AND REGULATION FINANCIAL MARKETS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS ASSET PRICING MODELS DERIVATIVE INSTRUMENTS PORTFOLIO OPTIMIZATION FINANCIAL MODELLING WITH R

	Teaching Methods
	LECTURES + LABS

	Verification of learning
	EXAMINATIONS CONSIST IN A WRITTEN TEST. THE TIME FOR COMPLETING THE TEST IS ONE HOUR. THE TEST CONSISTS OF MULTIPLE-CHOICE QUESTIONS, WHICH ALSO INVOLVE READING COMPREHENSION OF SHORT PASSAGES PROVIDED BY THE INSTRUCTOR. TEST OUTCOMES ARE DISCUSSED WITH THE INSTRUCTOR THE SAME DAY, IF TIME ALLOWS. EACH ANSWER IS ATTRIBUTED A SCORE. THE TOTAL SCORE IS MAPPED INTO A FINAL STUDENT GRADE. THE MAPPING PROCEDURE TAKES INTO ACCOUNT THE SCORE QUANTILE AND POSSIBLE PARTICIPATION TO CLASS PROJECTS. STUDENTS MIGHT PICK QUESTIONS FROM A SET VARYING FROM FROM 10 TO 20. THE MAPPING METHODOLOGY IS ILLUSTRATED THE FIRST DAY OF THE SECOND COURSE WEEK AND IT IS ALSO AVAILABLE IN DETAILS ON COURSE WEBISTE.

Verification of learning

EXAMINATIONS CONSIST IN A WRITTEN TEST. THE TIME FOR COMPLETING THE TEST IS ONE HOUR. THE TEST CONSISTS OF MULTIPLE-CHOICE QUESTIONS, WHICH ALSO INVOLVE READING COMPREHENSION OF SHORT PASSAGES PROVIDED BY THE INSTRUCTOR.

TEST OUTCOMES ARE DISCUSSED WITH THE INSTRUCTOR THE SAME DAY, IF TIME ALLOWS. EACH ANSWER IS ATTRIBUTED A SCORE. THE TOTAL SCORE IS MAPPED INTO A FINAL STUDENT GRADE. THE MAPPING PROCEDURE TAKES INTO ACCOUNT THE SCORE QUANTILE AND POSSIBLE PARTICIPATION TO CLASS PROJECTS. STUDENTS MIGHT PICK QUESTIONS FROM A SET VARYING FROM FROM 10 TO 20.

THE MAPPING METHODOLOGY IS ILLUSTRATED THE FIRST DAY OF THE SECOND COURSE WEEK AND IT IS ALSO AVAILABLE IN DETAILS ON COURSE WEBISTE.

	Texts
	FOR TEXTBOOKS AND OTHER LEARNING MATERIALS REFER TO: HTTP://ANTONIOFASANO.WORDPRESS.COM/COURSES/ REFERENCE TEXTBOOKS SAUNDERS, CORNETT - FINANCIAL INSTITUTIONS MANAGEMENT: A RISK MANAGEMENT APPROACH - MCGRAW-HILL. BERLINGER ET AL. - INTRODUCTION TO R FOR QUANTITATIVE FINANCE - PACKT PUBLISHING