88204 - INTRODUCTION TO FINANCE (5 CFU)

Conoscenze e abilità da conseguire

The aim of this course is to provide students with a set of analytical and methodological tools and techniques to value the most spread financial assets (bonds and stocks) and to choose which project to pursue among several different investment alternatives. At the end of the course students are be able to: (a) use the main criteria for investment choices under certainty; (b) utilize annuities and depreciation plans tools; (c) formulate and solve basic mathematic problems characterizing the banking and corporate contexts and the financial markets.

Contenuti

- Basic concepts: capitalization and discounting, future value and present value, interest and discount. Main financial regimes.

- Annuities and amortization plans.

- Criteria for investment choices under certainty. Internal rate of return (IRR). Net present value (NPV).

- Equities. Dividend discount models.

- Bonds and yield curve. Term structure of interest rates. Spot rates and forward rates. Yield to maturity. Interest rate risk measures.

Testi/Bibliografia

All the teaching material will be provided by the professor

Metodi didattici

Blackboard, slides, pc applications with Excel

Modalità di verifica e valutazione dell'apprendimento

Written exam: exercises

The written exam will include an additional optional question pertaining a financial application with Excel.

Strumenti a supporto della didattica

Blackboard and pc

Orario di ricevimento

Consulta il sito web di Gian Luca Tassinari