Course Unit Page

Academic Year 2022/2023

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. 

Course contents

At the end of the course, the expectation is that the student will know the following contents.


I MODULE (Maurizio Mussoni)

  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.


II MODULE (Paola Brighi)

  1. The characteristics of financial intermediaries and institutional investors.

  2. The main reasons that justify the regulation of the financial system.


  • Ferrari et al., "Il sistema finanziario: funzioni, mercati e intermediari", Giappichelli Editore - VII edizione, 2020.
    Capp. 1, 2, 3, 4, 5, 6.
  • Ferrari et al., "Gli strumenti finanziari", III edizione, 2021. Capp. 1, 2, 3, 5, 6.
  • Saunders et al. "Economia degli intermediari finanziari", McGraw/Hill/ IV edizione. Solo Cap. 12 “Bilancio degli intermediari finanziari: alcuni cenni” solo parr. 12.2.1 – 12.2.2 – 12.3.

Other readings will be suggested during the classes.

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, exercises and multiple choices.

Teaching tools

Traditional lectures with ppt.

Office hours

See the website of Paola Brighi

See the website of Maurizio Mussoni