37300 - Financial Markets and Institutions

Course Unit Page

Academic Year 2021/2022

Learning outcomes

At the end of the course students will be able to understand and apply the main financial principles and concepts: they will understand why and how financial intermediation exists, how the basics of mathematical finance should be applied in the evaluation of financing contracts and financial instruments; how to invest in a portfolio, taking into account both expected returns and risks; how the monetary policy is related to what they learn in this course and how to interpret the current issues on financial markets.

Course contents

It's a typical financial markets, instruments and intermediaries course, addressing the following main topics:

  • principles of finance
  • financial equivalence
  • banking services
  • mortgage evaluations and amortization
  • principles of valuation
  • basic financial instruments and their pricings
  • uncertainty and risk measures
  • risk and return relation in financial markets
  • capital asset pricing model
  • investment portfolios and performances


Principles of Finance with Excel - 2nd or 3rd Edition (Oxford University Press)

Teacher Handouts

Teaching methods

Theory and practice (with excel) are continuously alternated during classes.

Assessment methods

The final Exam will be in the Lab, on an Excel file, in which the students will find both exercises and theoretical questions.

The test assessment grid will be as follows:

  • <18 insufficient
  • 18-23 sufficient
  • 24-27 average/good
  • 28-30 very good
  • 30 cum laude excellent/outstanding

Teaching tools

Excel in the Lab and Powerpoint presentations.

Office hours

See the website of Fabrizio Palmucci