cod. 05674

Academic year 2011/12
3° year of course - First semester
Academic discipline
Economia degli intermediari finanziari (SECS-P/11)
Type of training activity
80 hours
of face-to-face activities
10 credits
hub: PARMA
course unit
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Learning objectives

The first part of the course will examine the principles which must govern the choice of individual investments by an investor, related evaluation criteria and operational techniques. The analysis is developed for both stocks and bonds as well as derivative instruments.During the second part, the course will examine the principles that must govern the composition and management of financial portfolios.


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Course unit content

Financial markets
Analysis of investments in fixed- and variable-coupon bonds
Term structure
Corporate bonds
Analysis of stock investments
Risk assessment in stock investment
Technical analysis
Money Management.
Markowitz portfolio selection theory
Capital Asset Pricing Model
Arbitrage Pricing Theory
Stock and bond portfolio management strategies
Benchmarks: principal functions and characteristics.
Strategies of benchmarking: Index funds vs. ETF
Active and semi-active strategies
Performance assessment
Delta hedging
Analysis of management styles

Full programme

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Gandolfi G., Scelta e gestione degli investimenti finanziari, Bancaria Editrice, Roma, 2009.

Teaching methods

Oral lesson and case studies

Assessment methods and criteria

The exam will be a written exam requiring registration as provided for by faculty regulations. Candidates may, however, choose to sit the exam in oral form.

Other information

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