ECONOMICS OF BANKING

ECONOMICS ECONOMICS OF BANKING

0222200048
DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE
EQF7
ECONOMICS
2017/2018

OBBLIGATORIO
YEAR OF COURSE 1
YEAR OF DIDACTIC SYSTEM 2016
SECONDO SEMESTRE
CFUHOURSACTIVITY
1060LESSONS
Objectives
KNOWLEDGE AND UNDERSTANDING
THE COURSE PROVIDES AN INTRODUCTION TO THE ECONOMIC THEORY APPLICABLE TO FINANCIAL AND BANKING SECTOR.

APPLYING KNOWLEDGE AND UNDERSTANDING
STUDENTS WILL BE ABLE TO FORMULATE AND SOLVE DECISION PROBLEMS PERTAINING TO THE BANKING SECTOR.

MAKING JUDGEMENTS
STUDENTS WILL ACQUIRE THE ABILITY TO CONSTRUCT A CRITICAL EVALUATION OF THE FUNCTIONING OF THE FINANCIAL AND BANKING SECTOR FROM THE POINT OF VIEW OF THE DIFFERENT AGENTS TAKING PART IN IT.

COMMUNICATION SKILLS
STUDENTS WILL BE ABLE TO EXPLAIN AND INTERPRET THE BEHAVIOUR OF ECONOMIC AGENTS ACTING IN THE BANKING AND FINANCIAL SECTORS, AND TO UNDERSTAND THE FORCES BEHIND THE FUNCTIONING OF THESE MARKETS.

LEARNING SKILLS
STUDENTS WILL BE ABLE TO APPLY THE TOOLS OF FINANCIAL ECONOMICS TO ANALYSE AND SOLVE PROBLEMS RELATIVE TO THE FINANCIAL AND BANKING SYSTEM.
Prerequisites
FINANCIAL ECONOMICS
Contents
THE MAIN THEORIES ON FINANCIAL INTERMEDIATION. CREDIT ALLOCATION AND THE BANK-FIRM RELATIONSHIP. ASYMMETRIC INFORMATION. ADVERSE SELECTION. MORAL HAZARD. CREDIT RATIONING. THE ROLE OF COLLATERAL, MONITORING AND DIVERSIFICATION IN MITIGATING ASYMMETRIC INFORMATION PROBLEMS. THE REGULATION OF FINANCIAL INTERMEDIARIES.
Teaching Methods
LECTURES, SEMINARS, TUTORIALS, CASE STUDIES
Verification of learning
THE ACHIEVEMENT OF THE OBJECTIVES OF THE COURSE IS ASSESSED THROUGH A WRITTEN EXAM WITH MARKS EXPRESSED IN 30S. THE MINIMUM GRADE FOR A PASS IS 18. THE EXAM LASTS 60 MINUTES AND AIMS AT VERIFYING, IN A TRANSPARENT AND OBJECTIVE MANNER, THE LEVEL OF KNOWLEDGE AND UNDERSTANDING ACQUIRED BY THE STUDENT OF THE COURSE PROGRAMME. THE TEST IS STRUCTURED IN TWO THEORY QUESTIONS AND TWO EXERCISES. THE THEORETICAL QUESTIONS ARE DESIGNED TO EVALUATE THE STUDENT'S KNOWLEDGE OF THE PROGRAM AND THE UNDERSTANDING OF THE ECONOMIC CONCEPTS DEVELOPED THEREIN. SOLUTION OF THE EXERCISES REQUIRES THE DEVELOPMENT OF MODELS STUDIED DURING THE COURSE AND THE APPLICATION OF THE METHODOLOGIES ACQUIRED DURING CLASSES AND TUTORIALS.
THE STUDENT IS INFORMED OF THE MARK ASSIGNED TO EACH EXERCISE OR THEORETICAL QUESTION.
DURING THE EXAM, IT IS NOT ALLOWED THE USE OF TEXTS, COMPUTERS, CELL PHONES, TABLETS OR SMART WATCHES. IN CASE THE EXERCISES REQUIRED NUMERIC CALCULATIONS, A CALCULATOR MAY BE USED.
Texts
FREIXAS X. AND J.-C. ROCHET (2008), THE MICROECONOMICS OF BANKING , BOSTON: THE MIT PRESS, 2ND ED.
TIROLE J., THE THEORY OF CORPORATE FINANCE, MIT PRESS.
More Information
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