ECONOMICS OF BANKING

ECONOMICS ECONOMICS OF BANKING

0222200048
DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE
EQF7
ECONOMICS
2019/2020

OBBLIGATORIO
YEAR OF COURSE 1
YEAR OF DIDACTIC SYSTEM 2018
SECONDO SEMESTRE
CFUHOURSACTIVITY
1060LESSONS
Objectives
KNOWLEDGE AND UNDERSTANDING
THE COURSE PROVIDES THE BASIC TOOLS TO UNDERSTAND THE FUNCTIONING OF BANKS AND FINANCIAL INTERMEDIARIES AND THEIR ROLE OF IN THE STABILITY OF THE ECONOMY, AS WELL AS ANALYSE THE MECHANISMS BEHIND THE BANK-FIRM RELATION.

APPLYING KNOWLEDGE AND UNDERSTANDING
STUDENTS WILL BE ABLE TO FORMULATE AND SOLVE DECISION PROBLEMS PERTAINING TO FINANCIAL INTERMEDIARIES AND TO THE BANKING SECTOR, AND SOLVE PROBLEMS ARISING FROM THE FIRM-BANK RELATIONSHIP.

MAKING JUDGEMENTS
STUDENTS WILL BE ABLE TO USE THE KNOWLEDGE ACQUIRED TO ANALYSE AND CRITICALLY ASSESS THE ROLE AND FUNCTIONING OF FINANCIAL INTERMEDIARIES, AND THE PROBLEMS ARISING FROM THEIR RELATION WITH OTHER ECONOMIC AGENTS, NAMELY FIRMS.

COMMUNICATION SKILLS
STUDENTS WILL BE ABLE TO EXPLAIN, BOTH IN WRITTEN AND IN ORAL FORM, AND IN ENGLISH LANGUAGE, THE PRINCIPLES GOVERNING THE FUNCTIONING OF BANKING AND FINANCIAL SECTORS AND THE BANK-FIRM RELATION.

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 AND AUTONOMOUSLY SOLVE THEORETICAL PROBLEMS TYPICAL OF THE BANK-FIRM RELATION.
Prerequisites
IT IS ADVISABLE TO TAKE THE EXAM OF MICROECONOMIA DEL SETTORE FINANZIARIO
Contents
THE MAIN THEORIES ON FINANCIAL INTERMEDIATION. DIRECT AND INDIRECT FINANCING. CREDIT ALLOCATION AND THE BANK-FIRM RELATIONSHIP. ASYMMETRIC INFORMATION. ADVERSE SELECTION. MORAL HAZARD. CREDIT RATIONING. COMPETITION IN CREDIT MARKETS. BANK FRAGILITY AND BANK REGULATION.
Teaching Methods
25 LECTURES, 5 TUTORIALS WITH INDIVIDUAL AND GROUP ACTIVITIES. ALL THE CLASSES WILL BE TAUGHT IN ENGLISH.
Verification of learning
THE ACHIEVEMENT OF THE OBJECTIVES OF THE COURSE IS ASSESSED THROUGH A WRITTEN EXAM (PAPER EXAM IN ENGLISH, ANSWERS IN ITALIAN OR ENGLISH) 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.
ALLEN, F, AND D. GALE (2007), UNDERSTANDING FINANCIAL CRISES, CLARENDON LECTURES IN ECONOMICS.
TIROLE J., THE THEORY OF CORPORATE FINANCE, MIT PRESS.
More Information
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