Learning objectives
The course aims to illustrate the structural characteristics of a financial system, supplying the conceptual framework in order to understand the role of financial institutions in the economic system. At the end of the course the students will acquire:
1) the knowledge necessary to understand the features and the development of the financial system in general, the aims and scope of financial supervision, the role and the economics of financial intermediaries, the characteristics of financial needs and of financial instruments;
2) the ability to apply knowledge in order to evaluate financial instruments used for investments, financial needs, payments and risk management;
3) the ability to judge the suitability of a financial system to the real problems of the economic system, even in the social and ethical point of view, and to choose the right instruments to satisfy financial needs;
4) the ability to use a fair technical language;
5) learning skills through problem solving method.
Prerequisites
None. Students are suggested to attend first year lessons before attending this course
Course unit content
The course analyzes the role and the efficiency conditions of a financial system in order to evaluate the structure and the evolution of Italian financial system. In this perspective are analyzed financial needs, instruments, markets, institutions, authorities and supervision policies of the financial system.
Full programme
1) The structure and role of the financial system; 2) The demand for financial services; 3) Valuation of financial instruments; 4) The payment system; 5) 2 Financial balances and financial intermediation; 6) Financial markets and the conditions of financial market efficiency; 7) Market imperfections and the role of financial institutions 8) The characteristics and the role of banks; 9) Non-banking financial institutions; 10) Insurance companies; 11) Supervising the financial system: objectives and authorities; 12) The tools for supervision of the financial system.
Bibliography
Munari L., Gli strumenti finanziari e creditizi, McGraw-Hill, 2011.
Ronchini B., Il sistema finanziario: funzioni, istituzioni e servizi, dispensa in pdf, 2013.
Teaching methods
Knowledge and understanding: traditional lessons.
Applying knowledge and understanding: exercises.
Making judgments: students will be induced to judge strength and weakness of each financial instrument and intermediation model.
Learning skills: every topic will be discussed beginning from the illustration of the problem and then analyzing the given solution.
Communication skills: the meaning of each term used by the financial community will be explained.
Assessment methods and criteria
Written examination
Knowledge will be evaluated by 6 multiple-choice questions each evaluated 1 mark.
Applying knowledge will be evaluated by 3 exercises each evaluated up to 2 marks.
Communication skills will be evaluated by 2 multiple choice questions each evaluated 1 mark.
Making judgments and learning skills will be evaluated by 2 questions each evaluated up to 9 marks
Other information
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