21201487 - THE ECONOMICS OF SECURITIES MARKETS

The course aims at providing an in-depth treatment of major asset classes and financial instruments. After a discussion of basic features of bond, equity and derivative markets, the course focuses on portfolio theory (Portfolio Selection by Markowitz, Capital Asset Pricing Model) and asset management.
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Mutuazione: 21201487 ECONOMIA DEL MERCATO MOBILIARE in Economia e gestione aziendale L-18 0 RICCI ORNELLA

Programme

The program can be divided in four modules.

Part I
· Government bonds and corporate bonds
· Yiled curve
· Evaluation, return and risk of bonds

Part II
· Evaluation, return and risk of equity shares
· Markowitz Portfolio Selection and Capital Asset Pricing Model

Part III
· Investment services and asset allocation
· Asset allocation strategies
· Performance evaluation in asset allocation

Part IV
· Financial derivatives: forward, future, swap, option
· Investment certificates

Core Documentation

Bodie Z., Kane A., Marcus A. J. Essentials of investments, 10th Edition, Mc-Graw Hill (chapters 1,2,3,4,5,6,7,8,10,11,13,15,17,18)

Additional materials will be available in the course web page.

Type of delivery of the course

Face-to-face lectures In-class exercises Seminars and/or case studies discussions

Attendance

Attendance in the Course is recommended, but not mandatory.

Type of evaluation

A (mandatory) oral examination and two (optional) written tests (middle and end-course). The intermediate written tests (90 minutes) include open-ended questions, exercises, and multiple choice tests. The oral examination is a discussion about at least three topic of the program. The oral and written examinations are used to evaluate: i) the degree of knowledge of the syllabus; ii) analytical and critical judgement; iii) the ability to use technical language.