21201486 - FINANCIAL INTERMEDIATION AND MARKETS

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.

Curriculum

Canali

teacher profile | teaching materials

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. (2023), Financial Markets and Institutions, tenth edition, Pearson.

Reference Bibliography

Mishkin F.S. (2022), Economics of Money, Banking and Financial Markets, thirteenth edition, Pearson.

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 (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

Programme

The main contents of the course are:

1. The financial system, the real system and intermediation
2. Theories of financial intermediation
3. The typical risks of financial intermediation
4. Financial instruments
5. Financial markets
6. Credit intermediation
7. Securities brokerage
8. Insurance intermediation
9. Strategy and organization of financial intermediation activities
10. Regulation in the financial system
11. Protection of consumers of financial services
12. Monetary policy and credit control
13. Payment systems
14. Fintech

Core Documentation

Nadotti, L., Porzio, C., Previati, D. Economia degli intermediari finanziari. McGraw-Hill, 4/ED (2022)

Type of evaluation

Oral exam

Canali

teacher profile | teaching materials

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R A - D CARATELLI MASSIMO

Core Documentation

Mishkin F.S., Eakins S.G. (2024), Financial Markets and Institutions, tenth edition, Pearson.

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 (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.

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R E - O FIORDELISI FRANCO, CARBONI MARIKA

teacher profile | teaching materials

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R E - O FIORDELISI FRANCO, CARBONI MARIKA

Programme

The main contents of the course are:

1. The financial system, the real system and intermediation
2. Theories of financial intermediation
3. The typical risks of financial intermediation
4. Financial instruments
5. Financial markets
6. Credit intermediation
7. Securities brokerage
8. Insurance intermediation
9. Strategy and organization of financial intermediation activities
10. Regulation in the financial system
11. Protection of consumers of financial services
12. Monetary policy and credit control
13. Payment systems
14. Fintech

Core Documentation

Nadotti, L., Porzio, C., Previati, D. Economia degli intermediari finanziari. McGraw-Hill, 4/ED (2022)

Type of evaluation

Oral exam

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R P - Z STENTELLA LOPES FRANCESCO SAVERIO

Canali

teacher profile | teaching materials

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R A - D CARATELLI MASSIMO

Core Documentation

Mishkin F.S., Eakins S.G. (2024), Financial Markets and Institutions, tenth edition, Pearson.

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 (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.

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R E - O FIORDELISI FRANCO, CARBONI MARIKA

teacher profile | teaching materials

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R E - O FIORDELISI FRANCO, CARBONI MARIKA

Programme

The main contents of the course are:

1. The financial system, the real system and intermediation
2. Theories of financial intermediation
3. The typical risks of financial intermediation
4. Financial instruments
5. Financial markets
6. Credit intermediation
7. Securities brokerage
8. Insurance intermediation
9. Strategy and organization of financial intermediation activities
10. Regulation in the financial system
11. Protection of consumers of financial services
12. Monetary policy and credit control
13. Payment systems
14. Fintech

Core Documentation

Nadotti, L., Porzio, C., Previati, D. Economia degli intermediari finanziari. McGraw-Hill, 4/ED (2022)

Type of evaluation

Oral exam

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R P - Z STENTELLA LOPES FRANCESCO SAVERIO

Canali

teacher profile | teaching materials

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R A - D CARATELLI MASSIMO

Core Documentation

Mishkin F.S., Eakins S.G. (2024), Financial Markets and Institutions, tenth edition, Pearson.

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 (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.

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R E - O FIORDELISI FRANCO, CARBONI MARIKA

teacher profile | teaching materials

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R E - O FIORDELISI FRANCO, CARBONI MARIKA

Programme

The main contents of the course are:

1. The financial system, the real system and intermediation
2. Theories of financial intermediation
3. The typical risks of financial intermediation
4. Financial instruments
5. Financial markets
6. Credit intermediation
7. Securities brokerage
8. Insurance intermediation
9. Strategy and organization of financial intermediation activities
10. Regulation in the financial system
11. Protection of consumers of financial services
12. Monetary policy and credit control
13. Payment systems
14. Fintech

Core Documentation

Nadotti, L., Porzio, C., Previati, D. Economia degli intermediari finanziari. McGraw-Hill, 4/ED (2022)

Type of evaluation

Oral exam

Mutuazione: 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 R P - Z STENTELLA LOPES FRANCESCO SAVERIO