ECONOMICS | Financial Markets and Institutions (Market Regulation)

cod. 0222200041

FINANCIAL MARKETS AND INSTITUTIONS (MARKET REGULATION)

	0222200041
	DEPARTMENT OF ECONOMICS AND STATISTICS
	EQF7
	ECONOMICS
	2022/2023

CURRICULUM ECONOMICS AND FINANCE

	OBBLIGATORIO
	YEAR OF COURSE 1
	YEAR OF DIDACTIC SYSTEM 2018
	SPRING SEMESTER

TEACHING UNITS

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

PROFESSORS

	ROSARIA CERRONE T Curriculum
	NICOLA SICA Curriculum

EXAMS

Exam	Date	Session
INTERMEDIARI FINANZIARI E REGOLAMENTAZIO	13/06/2023 - 10:00	SESSIONE ORDINARIA
INTERMEDIARI FINANZIARI E REGOLAMENTAZIO	03/07/2023 - 10:00	SESSIONE ORDINARIA
INTERMEDIARI FINANZIARI E REGOLAMENTAZIO	11/09/2023 - 10:00	SESSIONE DI RECUPERO

	Objectives
	KNOWLEDGE AND UNDERSTANDING KNOWLEDGE OF FINANCIAL MARKETS AND INSTITUTIONS, OF THEIR RULES AND REGULATION AND OF QUANTITATIVE MODELS AT THE BASIS OF THEIR FUNCTIONING. APPLYIING KNOWLEDGE AND UNDERSTANDING EVALUATION OF THE RISK AND RETURN PROFILE OF FINANCIAL INVESTMENTS AND UNDERSTANDING OF THE MICROSTRUCTURE AND THE CHARACTERISTICS OF MARKET CENTRE. APPLICATION OF THEORETICAL MODELS TO SPECIFIC MARKETS AND FINANCIAL INSTRUMENTS.

KNOWLEDGE AND UNDERSTANDING
KNOWLEDGE OF FINANCIAL MARKETS AND INSTITUTIONS, OF THEIR RULES AND REGULATION AND OF QUANTITATIVE MODELS AT THE BASIS OF THEIR FUNCTIONING.
APPLYIING KNOWLEDGE AND UNDERSTANDING
EVALUATION OF THE RISK AND RETURN PROFILE OF FINANCIAL INVESTMENTS AND UNDERSTANDING OF THE MICROSTRUCTURE AND THE CHARACTERISTICS OF MARKET CENTRE. APPLICATION OF THEORETICAL MODELS TO SPECIFIC MARKETS AND FINANCIAL INSTRUMENTS.

	Prerequisites
	NO PREREQUISITE KNOWLEDGE IS REQUIRED.

	Contents
	THE COURSE LASTS 60 HOURS AND IS ESSENTIALLY BASED ON LECTURES WITH DISCUSSION OF REAL CASES. THE MAIN TOPICS ARE AS FOLLOWS: -FINANCIAL MARKETS AND INSTITUTIONS AND MARKETS PRICES OF FINANCIAL INSTRUMENTS (5 HOURS) - EVALUATION METHODS AND YIELD, LIQUIDITY AND RISK INDICATORS OF BONDS (10 HOURS) -EVALUATION METHODS AND YIELD, LIQUIDITY AND RISK INDICATORS OF EQUITY (10 HOURS) - EQUITY AND BONDS PORTFOLIO MANAGEMENT AND PERFORMANCE MEASURMENTS (5 HOURS) - DERIVATIVES IN PORTFOLIO MANAGEMENT (5 HOURS) - FUNCTIONING AND STRUCTURE OF FINANCIAL INSTRUMENTS MARKETS (5 HOURS) -BANKS' CAPITAL REQUIREMENTS (10 HOURS) - CAPITAL MANAGEMENT AND VALUE CREATION (10 HOURS)

Contents

THE COURSE LASTS 60 HOURS AND IS ESSENTIALLY BASED ON LECTURES WITH DISCUSSION OF REAL CASES. THE MAIN TOPICS ARE AS FOLLOWS:
-FINANCIAL MARKETS AND INSTITUTIONS AND MARKETS PRICES OF FINANCIAL INSTRUMENTS (5 HOURS)
- EVALUATION METHODS AND YIELD, LIQUIDITY AND RISK INDICATORS OF BONDS (10 HOURS)
-EVALUATION METHODS AND YIELD, LIQUIDITY AND RISK INDICATORS OF EQUITY (10 HOURS)
- EQUITY AND BONDS PORTFOLIO MANAGEMENT AND PERFORMANCE MEASURMENTS (5 HOURS)
- DERIVATIVES IN PORTFOLIO MANAGEMENT (5 HOURS)
- FUNCTIONING AND STRUCTURE OF FINANCIAL INSTRUMENTS MARKETS (5 HOURS)
-BANKS' CAPITAL REQUIREMENTS (10 HOURS)
- CAPITAL MANAGEMENT AND VALUE CREATION (10 HOURS)

	Teaching Methods
	THE COURSE IS BASED ON LECTURES LASTING 60 HOURS (10 ECTS). DURING THE LECTURES IN-DEPTH ANALYSIS, SEMINARS AND DISCUSSION OF CASE STUDIES WILL TAKE PLACE.

	Verification of learning
	THE KNOWLEDGE WILL BE ASSESSED THROUGH AN EXAM AND AN EVALUATION WITH GRADES FROM 18/30 TO 30/30. IT CONSISTS IN A WRITTEN EXAM IN THE FORM OF A MULTIPLE CHOICE TEST (30-40 QUESTIONS WITH FOUR ANSWERS AND ONLY ONE RIGHT) AND OPEN QUESTIONS, AND AN ORAL EXAM. THE STUDENTS WILL PASS THE WRITTEN EXAM, IF THEY GAIN AT LEAST THE 70% OF RIGHT ANSWERS. EACH RIGHT ANSWER IS WORTH 1 AND EACH WRONG OR NOT GIVEN ANSWER IS 0. IF THE STUDENTS PASS THE WRITTEN EXAM, THEY WILL BE ASSESSED WITH AN ORAL EXAM IN THE FORM OF A DISCUSSION. THE TOTAL GRADE IS THE MEAN OF THE WRITTEN AND OF THE ORAL GRADE.ON THE BASIS OF SPECIFIC CONDITIONS (AS PANDEMIC, OR ORGANIZATIONAL NEEDS)THE EXAM MIGHT BE STRUCTURED WITH THE ORAL DISCUSSION ONLY.

Verification of learning

THE KNOWLEDGE WILL BE ASSESSED THROUGH AN EXAM AND AN EVALUATION WITH GRADES FROM 18/30 TO 30/30. IT CONSISTS IN A WRITTEN EXAM IN THE FORM OF A MULTIPLE CHOICE TEST (30-40 QUESTIONS WITH FOUR ANSWERS AND ONLY ONE RIGHT) AND OPEN QUESTIONS, AND AN ORAL EXAM. THE STUDENTS WILL PASS THE WRITTEN EXAM, IF THEY GAIN AT LEAST THE 70% OF RIGHT ANSWERS. EACH RIGHT ANSWER IS WORTH 1 AND EACH WRONG OR NOT GIVEN ANSWER IS 0. IF THE STUDENTS PASS THE WRITTEN EXAM, THEY WILL BE ASSESSED WITH AN ORAL EXAM IN THE FORM OF A DISCUSSION. THE TOTAL GRADE IS THE MEAN OF THE WRITTEN AND OF THE ORAL GRADE.ON THE BASIS OF SPECIFIC CONDITIONS (AS PANDEMIC, OR ORGANIZATIONAL NEEDS)THE EXAM MIGHT BE STRUCTURED WITH THE ORAL DISCUSSION ONLY.

	Texts
	FABRIZI, P.L:, ECONOMIA DEL MERCATO MOBILIARE, EGEA, 2021,VII EDIZ. RESTI A., SIRONI A., RISCHIO E VALORE NELLE BANCHE, EGEA, 2021, II EDIZ. (ONLY PART FIFTH "LA REGOLAMENTAZIONE DEL CAPITALE"; AND PART SIXTH "GESTIONE DEL CAPITALE E CREAZIONE DI VALORE") Z. BODIE, A. KANE AND A. MARCUS, INVESTMENTS, 11TH EDITION, MCGRAW HILL