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35817 - Financial Risk Management

Academic Year 2022/2023

                
                        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)

                            Teaching resources on Virtuale
                        
                                    Course Timetable
                                
from Nov 07, 2022 to Dec 12, 2022

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 have to deliver a mandatory team-work assignment (i.e., a presentation of a research paper; max. 5 students; 0-3 points) about one of the topics of the course.

The students not undertaking the team-work assignment will incurring in a penalty of one point on the final evaluation, except students from the previous year according to which the rules 2021-2022 are applied.

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.

Links to further information

https://www.unibo.it/sitoweb/giovanni.cardillo2/avvisi

Office hours

See the website of Giovanni Cardillo