75813 - Economics of Financial Services

Course Unit Page

Academic Year 2018/2019

Learning outcomes

The course aims to provide the tools needed to study the characteristics, the role and the functioning of the financial system. The aim is to understand the past and recent developments of the financial system, such as the reasons of the financial market globalization, the European Monetary Union characteristics, and the reasons of the recent financial crisis. At the end of the course, the expectation is that the student will know:

  1. the main theoretical tools to understand the interest rates construction and the financial assets characteristics;

  2. the functions of the financial system;

  3. the reasons that motivate the households and firms decisions;

  4. the characteristics of financial intermediaries and institutional investors;

  5. the main reasons that justify the regulation of the financial system.


Readings/Bibliography

Ferrari et al., "The Financial System: Functions, Markets and Intermediaries", last edition.

Ferrari et al., "Financial Instruments", last edition.

Other readings:

Corigliano, R.  Financial intermediation Volume1, BUP 2007 - Chapter 5 Vol. I.

Saunders et al. "Economics of Financial Intermediation", McGraw / Hill / last edition.

Some additional examples and readings indicated by the teacher will be discussed during the class.

The slides used during the lessons are a useful tool to summarize the lectures but their study is not enough to pass the exam. Then the student will be required to integrate with what is reported on the textbook or with the articles and insights distributed during the course.


Teaching methods

Lectures, exercises and discussion in the classroom.


Assessment methods

The exam is aimed to verify the achievement of the following educational objectives:

1. Knowledge of the main theoretical concepts;

2. Ability to work through simple exercises on economic-financial-business phenomena.

The exam consists of a written exam on the entire program by assigning open questions and exercises. Oral examination is optional.


Teaching tools

Traditional lectures with ppt.

Office hours

See the website of Paola Brighi

See the website of Stefano Cenni