- Docente: Rossella Agliardi
- Credits: 8
- SSD: SECS-S/06
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Rimini
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Corso:
First cycle degree programme (L) in
Economics of Tourism and Cities (cod. 6054)
Also valid for First cycle degree programme (L) in Economics of Tourism and Cities (cod. 6054)
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from Sep 15, 2025 to Dec 15, 2025
Learning outcomes
The course provides some basic concepts of financial economics and a practical understanding of financial risks as well as of contracts and methods for managing these risks under normal and stressful market conditions. Basics topics are introduced including the term structure of interest rates, annuities and loan repayment, bond pricing market risk, portfolio allocation, an introduction to derivatives and their use for hedging. At the end of the course, students will be able to manage market risk, credit risk and sovereign risk with a number of quantitative techniques.
Course contents
A review of multivariable calculus: directional derivatives, differentiability, Taylor’s formula, concave and convex functions, static optimization. Differential equations: introduction, first order equations in one variable, linear differential equations with constant coefficients. Control theory: basic techniques.
Readings/Bibliography
K. Sydsaeter, P. Hammond, A. Seierstad, A. Strᴓm, Further Mathematics for Economic Analysis, Prentice Hall
Teaching methods
Lectures on the theoretical concepts and exercises. One further objective is to provide some tools to help developing specialist numerical programs in economic modelling which answer some specific problems. To the purpose, a few Lab classes will be organized. In particular, working on some prototype examples, students will learn how to develop ideas into application, how to design future scenarios and demonstrate levels of risk and uncertainty, how to provide a series of answers based on different parameters, how to improve existing models.
Assessment methods
Written exam (duration 60 minutes) consisting of short exercises and one or two more complex problems. Please note that the relevant topics will be always proposed in the written exam.
The first call will consist of two separate written exams, each counting for 50% of the final assessment.
The use of textbooks, personal notes and other printed notes is allowed; tablets and cell-phones are not allowed. Do not forget to bring a calculating machine.
The content of the Lab classes will not be included in the exam, but a minimum of 75% attendance to the Lab classes is needed to obtain a grade >27.
Further information on the exam will be provided during the first lecture of each module.
Teaching tools
Slides, additional exercises and speadsheets will be made available along with supplementary material used during the Lab classes.
Office hours
See the website of Rossella Agliardi