31516 - Financial Economics

Academic Year 2022/2023

  • Teaching Mode: Traditional lectures
  • Campus: Rimini
  • Corso: First cycle degree programme (L) in Economics of Tourism (cod. 8847)

Learning outcomes

The purpose of this course is to give a practical understanding of financial risks and of contracts and methods for managing these risks under normal as well as stressful market conditions, such as those that we have experienced in recent years. Students will be able to manage market risk, credit risk and sovereign risk with a number of quantitative techniques. Research seminars are also included, dealing with new issues in financial markets, i.e. how financial innovation, the increasingly “systemic” nature of risk, and regulatory changes have made risk management more challenging. A few empirical puzzles and policy issues will be addressed. A special session will be devoted to applications in the tourism industry.

Course contents

The main topic concerns the functioning of international financial markets. We study financial risks and contracts and some methods for managing these risks. In particular, we focus on market risk, credit risk and sovereign risk in capital markets. Seminars are also included, dealing with new issues in financial markets, i.e. how financial innovation, the increasingly “systemic” nature of risk, and regulatory changes have made risk management more challenging. A special session will be devoted to some applications in the tourism industry.

Readings/Bibliography

Mishkin, Eakins "Financial Markets and Institutions", 9/e, Pearson, 2018 (chs. 2,3,4,5,6,7,8,12,13,15,16,23, 24)

Further specialized articles and other didactic material will be made available before each lecture.

It will be available in the web site "Materiale Didattico"

Teaching methods

Lectures and classes (on-site/online)

Assessment methods

Written exam.

The assessment method is based on the evaluation of a written test for the individual preparation. Students are expected to answer ten questions, including multiple-choice, true-false, short numerical exercises and short answers. A mock exam as a sample will be provided at least one month before end of lectures. Students are expected to know the basic quantitative methods discussed during lectures and to critically discern the limitations of the models employed in the analysis.

The maximum possible score is 30 cum laude, in case all anwers are correct, complete and formally rigorous.

The grade is graduated as follows:

<18 failed
18-23 sufficient
24-27 good
28-30 very good
30 e lode excellent

 

 


Teaching tools

Slides, specialized articles and other didactic material will be made available before each lecture.

Office hours

See the website of Elettra Agliardi

SDGs

Industry, innovation and infrastructure Responsible consumption and production Climate Action

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.