- Docente: Gian Luca Tassinari
- Crediti formativi: 4
- SSD: SECS-P/09
- Lingua di insegnamento: Inglese
- Moduli: Gian Luca Tassinari (Modulo 1) Khine Aye Myat Kyaw (Modulo 2)
- Modalità didattica: Convenzionale - Lezioni in presenza (Modulo 1) Convenzionale - Lezioni in presenza (Modulo 2)
- Campus: Forli
- Corso: Laurea in Economia e commercio (cod. 9202)
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
Robert Zipf, Fixed Income Mathematics, Academic Press, 2003
Additional bibliographic material (not mandatory)
Simon Benninga, Financial Modeling, fourth edition, The MIT Press, 2014
Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, Mark J. P. Anso, Quantitative Investment Analysis, third edition, Wiley, 2015
David G. Luenberger, Investment Science, OXFORD University Press, 2013
Metodi didattici
Theory, exercises, and applications with Excel
Modalità di verifica e valutazione dell'apprendimento
Written exam
Strumenti a supporto della didattica
Blackboard and PC
Orario di ricevimento
Consulta il sito web di Gian Luca Tassinari
Consulta il sito web di Khine Aye Myat Kyaw