Learning objectives
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The course was designed to provide knowledge of the meaning, functions and characteristics of the various tools for finance, credit, payment and insurance. The basic aim is not to present a comprehensive review of the most widely used tools in Italy, but rather to give students an understanding of the reasons for their creation and use on the market and, consequently, the needs that they fulfil, their distinctive characteristics, and the logical models that can be used in assessing their value in terms of financial benefit. At the end of the course, students will have acquired a cognitive system for the interpretation and assessment (from a logical point of view) of financial, credit, payment and insurance tools (not just those currently used, but also the new systems that they may encounter in the course of their professional activity), so that they will be able to use them both to meet their own financial needs, and those of the businesses in which they will be working. <br />
Prerequisites
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Course unit content
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The need for systems of payment and the respective tools: money and payment needs, payment tools, payment tools in international commerce. Investment/finance requirements and tools: investment needs, and the objectives of surplus economic units, financing requirements and the demand for financial tools expressed by businesses, bank and post office deposits, government bonds, common funds and SICAV funds, shares, short-term business financing tools, factoring, endorsement credits and direct short-term gearing tools, medium to long-term business financing tools. Risk management needs and tools: speculative risks and the respective risk cover necessities, derivative tools, pure risks and insurance tools. <br />
Full programme
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Bibliography
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Textbook <br />
Munari, L. (ed.), Gli strumenti finanziari e creditizi: dai bisogni alle soluzioni, McGraw-Hill, 2006. <br />
Teaching methods
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The course comprises traditional lectures, practical activities and discussions in the classroom with the students. <br />
The students’ progress will be assessed by means of a written examination with open questions (on request by the student, the examination can be taken in oral form). <br />
Assessment methods and criteria
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Other information
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