Learning objectives
The course aims to provide basic knowledge on financial instruments, markets and intermediaries. The functions and evolutionary dynamics of the financial system will be studied in depth in relation to the needs of the demand of investors, companies and institutions, to changes in regulation and technology. At the end of the course, students will have acquired:
1) the knowledge necessary to understand the characteristics and distinctive features of financial instruments, financial markets, banks and other main financial intermediaries;
2) the ability to apply the knowledge acquired to evaluate the convenience of the financial instruments to be used to satisfy the needs of investment, financing, payment management, pure and speculative risks;
3) the critical ability and autonomy of judgment to assess the adequacy of solutions to problems relating to financial intermediation, recognizing the ethical and social implications, and to consciously choose the tools suitable to meet financial needs;
4) the ability to use appropriate technical language in explaining the topics covered and in communicating with financial operators;
5) the ability to learn through the logical method of identifying problems and critical analysis of the solutions adopted.
Prerequisites
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Course unit content
The course aims to provide basic knowledge on financial instruments, markets and intermediaries.
After having illustrated the functions of the financial system, the role of markets and financial intermediaries will be studied in depth and the regulatory and supervisory system will be analyzed.
The study of the structure and evolution of the Italian financial system will take place through the analysis of the structural and functional characteristics of the financial markets, of the different types of financial instruments, to be assessed in relation to the needs of households and businesses, of the different types of intermediaries financial under the dual profile of management and operation, of regulation and supervision of the financial system.
Full programme
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Bibliography
Strumenti finanziari e creditizi, quarta edizione, 2022, a cura di Tagliavini G., Poletti L., Ronchini B., McGraw Hill.
Economia del sistema finanziario, seconda edizione, a cura di Bocchialini E., Poletti L., Ronchini B., Tagliavini G., Giappichelli Milano.
Teaching methods
a) Acquisition of knowledge: frontal lessons. During the course of the lessons, the basic teaching topics will be indicated, which are essential for passing the exam.
b) Acquisition of the ability to apply knowledge: exercises.
c) Acquisition of independent judgment: during the course, students will be encouraged to identify strengths and weaknesses of financial instruments and brokerage models.
d) Acquisition of learning skills: for each topic we will start from the illustration of the problem to be solved and the solutions adopted will be critically analyzed.
e) Acquisition of technical language: during the course the meaning of the terms commonly used by the financial community will be illustrated.
Assessment methods and criteria
The exam is in written form.
The acquisition of fundamental knowledge is ascertained with 10 multiple choice questions, each worth 1 point (total 10 points).
The ability to apply the acquired knowledge is verified with an exercise worth 5 points.
The ability to communicate with appropriate technical language, independent judgment and the ability to learn are ascertained with 3 open / semi-open questions, each worth 5 points (total 15 points).
The use of notes and electronic devices of any kind (smartphone, smartwatch, tablet, etc.) is prohibited during the exam.
The results of the exam are published on Esse3.
Honors are awarded to particularly deserving students who have demonstrated that they have achieved levels of excellence with respect to the aforementioned descriptors (systematic knowledge of the subject, ability to apply the knowledge acquired to the specific problem, autonomy of judgment) and who have paid particular attention to formal drafting of the test.
Other information
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2030 agenda goals for sustainable development
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