- Docente: Filippo Massari
- Crediti formativi: 6
- SSD: SECS-P/01
- Lingua di insegnamento: Inglese
- Modalità didattica: Lezioni in presenza (totalmente o parzialmente)
- Campus: Bologna
- Corso: Laurea in Economics and Finance (cod. 8835)
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dal 17/09/2025 al 17/12/2025
Conoscenze e abilità da conseguire
This course introduces students to the concepts of financial risks and to the techniques used to manage those risks using financial derivatives. After showing how to measure risk and its impact on the firm’s business, the course illustrates the functioning of derivatives, such as forward and futures, swaps and options, and their use to hedge financial risks.
Contenuti
This course covers forwards, futures, swaps, and options. By the end of the course, students will have good knowledge of how these products work, how they are used, how they are priced, and how financial institutions hedge their risks when they trade the products.
In the specific we will cover these topics/chapters
Introduction and Mechanics of Futures Markets; Chapters 1 and 2
Hedging Strategies Using Futures; Chapter 3
Interest Rates; Chapter 4
Determination of Forward and Futures Prices; Chapter 5
Interest Rate Futures; Chapter 6
Swaps; Chapter 7
Securitization, the Credit Crisis and XVAs; Chapters 8 and 9
Mechanics of Option Markets and Properties of Options; Chapters 10 and 11
Trading Strategies Involving Options and Binomial Trees; Chapters 12 and 13
The Black–Scholes–Merton Model; Chapter 15 (excl. 15.6)
Employee Stock Options; Chapter 16
Options on Stock Indices, Currencies and Futures;Chapters 17 and 18
Testi/Bibliografia
Options, futures, and other derivatives, 11 edition, John C. Hull.
Metodi didattici
lectures in person
Modalità di verifica e valutazione dell'apprendimento
written exam
Strumenti a supporto della didattica
slides
Orario di ricevimento
Consulta il sito web di Filippo Massari