In line with the learning objectives of the Bachelor’s degree in Economics and Business Management (CLEGA), this course aims to provide the students with a sound basic knowledge of financial instruments, financial intermediaries, financial markets and the applying regulation. For each category of financial instrument, the course analyzes the main characteristics and trading methods. For firms operating in different sectors of financial intermediation (banking, securities, insurance), the course examine organization, strategy, and conditions for viability. Finally, the course focuses on regulation and supervision, also considering determinants and consequences of financial crises.
At the end of the course, the students will have developed:
• an in-depth knowledge of financial instruments, intermediaries and markets, their roles and functions;
• the ability to analyse and interpret financial firms’ behaviour, also considering their regulation;
• the ability to critically analyse the evolution of the financial system and its impact on the real economy.
At the end of the course, the students will have developed:
• an in-depth knowledge of financial instruments, intermediaries and markets, their roles and functions;
• the ability to analyse and interpret financial firms’ behaviour, also considering their regulation;
• the ability to critically analyse the evolution of the financial system and its impact on the real economy.
Curriculum
Canali
teacher profile teaching materials
1. Real economy, financial system and financial intermediation
2. Theory of financial intermediation
3. Financial instruments
4. Financial markets
5. Banking
6. Investment services and asset management
7. Insurance
8. Payment systems
9. Risks in financial intermediation
10. Regulation and supervision
11. Monetary policy
Programme
The course aims, first of all, to provide an overview of the role and the main functions of the financial system. The central part of the course is dedicated to an analysis of the technical characteristics and of the economic and management profiles of financial instruments and markets. Finally, the course presents the objectives as well as the organization and the behavioral models of financial intermediaries, also considering the role of regulation and supervision.1. Real economy, financial system and financial intermediation
2. Theory of financial intermediation
3. Financial instruments
4. Financial markets
5. Banking
6. Investment services and asset management
7. Insurance
8. Payment systems
9. Risks in financial intermediation
10. Regulation and supervision
11. Monetary policy
Core Documentation
Mishkin F.S., Eakins S.G. (2014), Financial Markets and Institutions, eighth edition, Pearson.Reference Bibliography
Mishkin F.S. (2015). The Economics of Money, Banking and Financial Markets, eleventh edition, Pearson.Type of delivery of the course
Face-to-face lectures In-class exercises Seminars and/or case studies discussionsAttendance
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 (about 90 minutes) include open-ended questions, exercises, and multiple choice tests. The oral examination is a discussion about at least three topics 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. teacher profile teaching materials
2. Theory of financial intermediation
3. Risks in financial intermediation
4. Financial instruments
5. Financial markets
6. Banking
7. Investment services and asset management
8. Insurance
9. Regulation
10. Re-regulation and supervision
11. Monetary policy
12. Payment systems
Programme
1. Financial system and financial intermediation2. Theory of financial intermediation
3. Risks in financial intermediation
4. Financial instruments
5. Financial markets
6. Banking
7. Investment services and asset management
8. Insurance
9. Regulation
10. Re-regulation and supervision
11. Monetary policy
12. Payment systems
Core Documentation
Nadotti, Porzio, Previati. Economia degli intermediari finanziari. McGraw-Hill, ultima edizioneType of delivery of the course
...Attendance
...Type of evaluation
...Canali
teacher profile teaching materials
1. Real economy, financial system and financial intermediation
2. Theory of financial intermediation
3. Financial instruments
4. Financial markets
5. Banking
6. Investment services and asset management
7. Insurance
8. Payment systems
9. Risks in financial intermediation
10. Regulation and supervision
11. Monetary policy
Programme
The course aims, first of all, to provide an overview of the role and the main functions of the financial system. The central part of the course is dedicated to an analysis of the technical characteristics and of the economic and management profiles of financial instruments and markets. Finally, the course presents the objectives as well as the organization and the behavioral models of financial intermediaries, also considering the role of regulation and supervision.1. Real economy, financial system and financial intermediation
2. Theory of financial intermediation
3. Financial instruments
4. Financial markets
5. Banking
6. Investment services and asset management
7. Insurance
8. Payment systems
9. Risks in financial intermediation
10. Regulation and supervision
11. Monetary policy
Core Documentation
Mishkin F.S., Eakins S.G. (2014), Financial Markets and Institutions, eighth edition, Pearson.Reference Bibliography
Mishkin F.S. (2015). The Economics of Money, Banking and Financial Markets, eleventh edition, Pearson.Type of delivery of the course
Face-to-face lectures In-class exercises Seminars and/or case studies discussionsAttendance
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 (about 90 minutes) include open-ended questions, exercises, and multiple choice tests. The oral examination is a discussion about at least three topics 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. teacher profile teaching materials
2. Theory of financial intermediation
3. Risks in financial intermediation
4. Financial instruments
5. Financial markets
6. Banking
7. Investment services and asset management
8. Insurance
9. Regulation
10. Re-regulation and supervision
11. Monetary policy
12. Payment systems
Programme
1. Financial system and financial intermediation2. Theory of financial intermediation
3. Risks in financial intermediation
4. Financial instruments
5. Financial markets
6. Banking
7. Investment services and asset management
8. Insurance
9. Regulation
10. Re-regulation and supervision
11. Monetary policy
12. Payment systems
Core Documentation
Nadotti, Porzio, Previati. Economia degli intermediari finanziari. McGraw-Hill, ultima edizioneType of delivery of the course
...Attendance
...Type of evaluation
...Canali
teacher profile teaching materials
1. Real economy, financial system and financial intermediation
2. Theory of financial intermediation
3. Financial instruments
4. Financial markets
5. Banking
6. Investment services and asset management
7. Insurance
8. Payment systems
9. Risks in financial intermediation
10. Regulation and supervision
11. Monetary policy
Programme
The course aims, first of all, to provide an overview of the role and the main functions of the financial system. The central part of the course is dedicated to an analysis of the technical characteristics and of the economic and management profiles of financial instruments and markets. Finally, the course presents the objectives as well as the organization and the behavioral models of financial intermediaries, also considering the role of regulation and supervision.1. Real economy, financial system and financial intermediation
2. Theory of financial intermediation
3. Financial instruments
4. Financial markets
5. Banking
6. Investment services and asset management
7. Insurance
8. Payment systems
9. Risks in financial intermediation
10. Regulation and supervision
11. Monetary policy
Core Documentation
Mishkin F.S., Eakins S.G. (2014), Financial Markets and Institutions, eighth edition, Pearson.Reference Bibliography
Mishkin F.S. (2015). The Economics of Money, Banking and Financial Markets, eleventh edition, Pearson.Type of delivery of the course
Face-to-face lectures In-class exercises Seminars and/or case studies discussionsAttendance
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 (about 90 minutes) include open-ended questions, exercises, and multiple choice tests. The oral examination is a discussion about at least three topics 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. teacher profile teaching materials
2. Theory of financial intermediation
3. Risks in financial intermediation
4. Financial instruments
5. Financial markets
6. Banking
7. Investment services and asset management
8. Insurance
9. Regulation
10. Re-regulation and supervision
11. Monetary policy
12. Payment systems
Programme
1. Financial system and financial intermediation2. Theory of financial intermediation
3. Risks in financial intermediation
4. Financial instruments
5. Financial markets
6. Banking
7. Investment services and asset management
8. Insurance
9. Regulation
10. Re-regulation and supervision
11. Monetary policy
12. Payment systems
Core Documentation
Nadotti, Porzio, Previati. Economia degli intermediari finanziari. McGraw-Hill, ultima edizioneType of delivery of the course
...Attendance
...Type of evaluation
...