- Docente: Giovanni Cardillo
- Credits: 6
- SSD: SECS-P/09
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in Quantitative Finance (cod. 8854)
Learning outcomes
On completion of the module students will be able to (a) evaluate the fundamental characteristics of major derivative instruments, (b) assess the function and impact of such instruments for corporate financing and risk management, and (c) more broadly, critically appreciate the recent research in the area of financial derivatives for investing and risk management purposes.
Course contents
- The economics of hedging strategies
- Introduction of the derivative's contracts
- Fixed-income securities and hedging strategies
- Forwards and futures contracts
- Swaps
- Options
- ESG factors, ESG Ratings, and their use for the firm's risk management
- Portfolio diversification and sustainable finance
Readings/Bibliography
- Hull, John C. (2018) Options, Futures, and Other Derivatives, Eleventh Edition. Global Edition. Pearson-Prentice Hall.
- Booklet materials provided by the instructor.
Teaching methods
Traditional lectures and classes.
Assessment methods
The exam consists of a written quiz containing 3 open (3 points each) and 11 multiple questions (2 points each). Both kinds of questions might be about either theoretical arguments or practical exercises.
Furthermore, the students might also have the chance to do a team-work assignment (max. 3 students) about one of the topics of the course that they want to stress more by relying on STATA.
Teaching tools
Lecture slides and additional research papers will be provided by the instructor when the course progresses. Furthermore, all the lecture slides will be provided by topic in advance.
Office hours
See the website of Giovanni Cardillo