75909 - Economics of Financial Intermediation

Course Unit Page

  • Teacher Stefano Cenni

  • Credits 8

  • SSD SECS-P/11

  • Teaching Mode Traditional lectures

  • Language Italian

  • Campus of Bologna

  • Degree Programme First cycle degree programme (L) in Economics, Markets and Institutions (cod. 8038)

  • Teaching resources on Virtuale

  • Course Timetable from Feb 14, 2023 to May 19, 2023


This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.

Quality education Decent work and economic growth

Academic Year 2022/2023

Learning outcomes

This course will help you understand the role that financial institutions and markets play in the business environment and the connection between financial markets, financial institutions and the economy.

Course contents

Overview of financial institutions and markets.
Determinants of interest rates and security valuation.
Monetary policy in the Euro area.
Money markets, bond markets, stock markets, derivative securites markets.
Commercial bank management and regulation.
Other financial institutions: insurance companies, securities firms, mutual funds, pension funds.


Frederic S. Mishkin, Stanley G. Eakins, Elena Beccalli, Istituzioni e mercati finanziari, Nona ed., Milano, Pearson Ed., 2019.

Teaching methods


Assessment methods

The exam consists of a written test (in Italian), which is divided into questions, exercises with a business calculator, and tests on the various topics of the course.

Hint: if you don't have a good command of the Italian language please do not pick this course, there are others taught in English.

Teaching tools

Slides and other readings on the course web page.

Office hours

See the website of Stefano Cenni