Degree Course: Finance and Business
A.Y. 2018/2019
Autonomia di giudizio
I laureati dovranno avere capacità di integrare le diverse conoscenze acquisite a fronte di situazioni complesse ed incerte, tipiche del mondo finanziario odierno.
Analizzare e gestire la complessità e l'incertezza, in campo finanziario, significa saper valutare criticamente le conoscenze acquisite circa i metodi e gli strumenti, comprendendo quali applicare in situazioni nuove e/o caratterizzate da ambiguità, sapendosi muovere in presenza di informazione limitata, manifestando sensibilità per i profili etici e di responsabilità sociale e quindi evitando di chiudersi in un arido tecnicismo, sapendo esercitare spirito critico rispetto alle conoscenze tradizionali e quindi realizzando una visione matura ed indipendente delle realtà fronteggiate.
Per raggiungere questo obiettivo si è cercato di operare sia a livello di struttura del corso di studio, attraverso la combinazione degli ambiti scientifico-disciplinari e degli approcci e linguaggi presenti nel corso di laurea, sia attraverso un'equilibrata presenza di componenti teoriche, empiriche e pratiche nell'ambito dei singoli corsi.
L'interdisciplinarietà e l'acquisizione dei differenti punti di vista in riferimento ad uno specifico problema offrono, nel corso delle prove di verifica, occasioni significative per sviluppare in modo autonomo le scelte decisionali e per verificare le proprie capacità di giudizio.Abilità comunicative
I laureati dovranno avere capacità di analisi e diagnosi dei problemi e capacità di comunicare le conclusioni del proprio processo di apprendimento in modo chiaro e non ambiguo, con un linguaggio che sia compreso sia da specialisti sia da non specialisti.
Ciò appare particolarmente importante in ambito finanziario, dove lo sviluppo di linguaggi specialistici non deve ostacolare la comprensione piena dei fenomeni, il dialogo e la collaborazione tra imprese, intermediari, pubblico in senso lato, autorità di vigilanza e regolamentazione.
Per raggiungere questo obiettivo si ricorre, nei diversi insegnamenti, a materiali didattici di provenienza accademica e non, a metodi didattici attivi che facilitino il confronto delle prospettive utilizzabili e il confronto tra gli studenti e tra gli studenti, i docenti e testimoni provenienti dal mondo finanziario, il ricorso a progetti di ricerca nell'ambito dei corsi, a momenti complementari di valutazione in forma scritta e in forma orale.
L'acquisizione di queste abilità comunicative, nonché la relativa verifica, è prevista oltre che grazie ai progetti di ricerca assegnati nell'ambito di alcune discipline anche grazie alla redazione della prova finale e della discussione della stessa davanti ad una commissione.
Capacità di apprendimento
I laureati dovranno avere capacità di apprendere e di mettere in pratica l'apprendimento attraverso logiche tipiche del c.d.
action learning – tipica modalità seguita nell'educazione degli adulti.
Ciò è fondamentale per consentire loro di sviluppare capacità di studio e test delle conoscenze, competenze ed abilità acquisite, che li accompagnerà nel percorso di apprendimento continuo che caratterizza in modo particolare il mondo finanziario.
Ciò è ottenuto, nel corso di laurea, attraverso quanto ricordato nei quattro punti precedenti, ed in particolare mediante il ricorso a modalità di intenso coinvolgimento degli studenti (metodi didattici e di valutazione dell'apprendimento).
I laureati dovranno avere sviluppato quelle capacità di apprendimento che consentono loro di continuare a studiare in modo auto-diretto e autonomo.
In particolare, il corso di laurea, mediante il progressivo innalzamento del livello di competenze e delle capacità metodologiche e analitiche, prepara anche all'accesso a livelli di formazione superiore, quale è quella del dottorato di ricerca.
La capacità di apprendimento è valutata sia mediante verifiche, scritte od orali, tenutesi durante le attività formative, sia mediante la valutazione della capacità di autoapprendimento maturata durante lo svolgimento dell'attività relativa alla prova finale.Requisiti di ammissione
L'accesso al Corso di Laurea Magistrale è subordinato al possesso di una laurea (o di diploma universitario di durata triennale) o di altro titolo di studio equipollente conseguito all'estero.
I requisiti curriculari che devono essere posseduti dallo studente per l'ammissione alla laurea specialistica sono determinati dal regolamento didattico del corso di studio.
Le modalità della verifica delle conoscenze previste per l'accesso sono parimenti definite nel regolamento didattico del corso di studio.
Requisiti curriculari:
- Diploma di laurea di classe L-18 o L-33 (ex D.M.
270/2004)
- Diploma di laurea di classe 17 o 28 (ex D.M.
509/1999)
- Laurea quadriennale in Economia e Commercio (ante D.M 509/1999)
Per i laureati di altre classi, il possesso di almeno 36 CFU acquisiti nei SSD di seguito specificati, nel rispetto dei seguenti vincoli distributivi minimi:
- almeno 6 CFU in ambito economico (SECS-P/01, SECS-P/02, SECS-P/03)
- almeno 6 CFU in ambito aziendale ( SECS-P/07, SECS-P/09, SECS-P/11)
- almeno 6 CFU in ambito giuridico (IUS/01, IUS/04, IUS/05)
- almeno 6 CFU in ambito matematico-statistico (SECS-S/01, SECS-S/03, SECS-S/06, MAT/01, MAT/06, MAT/09, INF/01, ING-INF/05, ING-IND/35, FIS/01, FIS/02)
Gli studenti che non soddisfano i requisiti previsti per l'accesso potranno acquisire corsi singoli presso l'Ateneo Roma Tre o altri Atenei.
http://portalestudente.uniroma3.
it/index.php?p=corsi_singoli
Per il percorso in lingua inglese 'Finance' è richiesta ai fini dell'accesso la conoscenza certificata della lingua inglese di livello B2.
Relativamente ai percorsi in lingua italiana, gli studenti con titolo estero, e non di nazionalità italiana, devono possedere la conoscenza certificata della lingua italiana come previsto dal Regolamento di Ateneo 'Regolamento per l'ammissione ai corsi universitari con titolo estero e per il riconoscimento dei titoli esteri'.
Verifica della preparazione personale:
Gli studenti con un voto di laurea non inferiore a 90/110 si considerano in possesso di sufficienti conoscenze di base; per gli altri il Consiglio di Corso di Studio provvede alla verifica mediante colloquio individuale o test collettivo.
Per ulteriori specifiche si rimanda al Bando di ammissione ai Corsi di Studio presente sul sito: http://portalestudente.uniroma3.it/
Prova finale
La prova finale consiste nella discussione, dinanzi ad una apposita commissione, di una tesi di laurea redatta sotto la guida di un docente relatore e supervisionata da un correlatore.
La tesi qualifica in modo significativo il percorso formativo e tratta un argomento riconducibile alle discipline che caratterizzano il curriculum dello studente.
L'elaborato e la relativa discussione dovranno dimostrare che il candidato abbia acquisito la padronanza degli strumenti analitici appresi nel corso di studio e abbia sviluppato le capacità di interpretare i fenomeni e la letteratura con spirito critico e con contributi di originalità, approfondendo gli aspetti teorici e/o applicativi e/o di natura empirica dell'argomento prescelto.
La tesi è redatta in lingua italiana o inglese.
La tesi consiste nell'attività di ricerca bibliografica e di analisi critica di un tema assegnato dal relatore.
E’ previsto che eventualmente l'attività di ricerca sia integrata da un tirocinio.
Complessivamente sono previsti 15 CFU per la prova finale.
In caso sia scelta l'opzione di tesi con tirocinio, i CFU attribuiti alla prova finale saranno non meno di 9 e quelli attribuiti al tirocinio non più di 6 per un totale di 15 CFU.Orientamento in ingresso
Quadro B5 Orientamento in ingresso
Le azioni di orientamento in ingresso sono improntate alla realizzazione di processi di raccordo con la scuola media secondaria.
Si concretizzano in attività di carattere informativo sui Corsi di Studio (CdS) dell’Ateneo ma anche come impegno condiviso da scuola e università per favorire lo sviluppo di una maggiore consapevolezza da parte degli studenti nel compiere scelte coerenti con le proprie conoscenze, competenze, attitudini e interessi.
Le attività promosse si articolano in:
a) autorientamento;
b) incontri e manifestazioni informative rivolte alle future matricole;
c) sviluppo di servizi online e pubblicazione di guide sull’offerta formativa dei CdS.
Tra le attività svolte in collaborazione con le scuole per lo sviluppo di una maggiore consapevolezza nella scelta, il progetto di autorientamento è un intervento che consente di promuovere un raccordo particolarmente qualificato con alcune scuole medie superiori.
Il progetto, infatti, è articolato in incontri svolti presso le scuole ed è finalizzato a sollecitare nelle future matricole una riflessione sui propri punti di forza e sui criteri di scelta.
La presentazione dell’offerta formativa agli studenti delle scuole superiori prevede tre eventi principali distribuiti nel corso dell’anno accademico ai quali partecipano tutti i CdS.
• Salone dello studente, si svolge presso la fiera di Roma fra ottobre e novembre e coinvolge tradizionalmente tutti gli Atenei del Lazio e molti Atenei fuori Regione, Enti pubblici e privati che si occupano di Formazione e Lavoro.
Roma Tre partecipa a questo evento con un proprio spazio espositivo, con conferenze di presentazione dell’offerta formativa dell’Ateneo e promuove i propri Dipartimenti scientifici grazie all’iniziativa Roma 1,2,3 … Scienze;
• Giornate di Vita Universitaria (GVU), si svolgono ogni anno da dicembre a marzo e sono rivolte agli studenti degli ultimi due anni della scuola secondaria superiore.
Si svolgono in tutti i Dipartimenti dell’Ateneo e costituiscono un’importante occasione per le future matricole per vivere la realtà universitaria.
Gli incontri sono strutturati in modo tale che accanto alla presentazione dei Corsi di Laurea, gli studenti possano anche fare un’esperienza diretta di vita universitaria con la partecipazione ad attività didattiche, laboratori, lezioni o seminari, alle quali partecipano anche studenti seniores che svolgono una significativa mediazione di tipo tutoriale.
Partecipano annualmente circa 5.000 studenti;
• Orientarsi a Roma Tre, rappresenta la manifestazione che chiude le annuali attività di orientamento in ingresso e si svolge in Ateneo a luglio di ogni anno.
L’evento accoglie, perlopiù, studenti romani che partecipano per mettere definitivamente a fuoco la loro scelta universitaria.
Durante la manifestazione viene presentata l’offerta formativa e sono presenti, con un proprio spazio, tutti i principali servizi di Roma Tre, le segreterie didattiche e la segreteria studenti.
I servizi online messi a disposizione dei futuri studenti universitari nel tempo sono aumentati tenendo conto dello sviluppo delle nuove opportunità di comunicazione tramite web.
Inoltre, durante tutte le manifestazioni di presentazione dell’offerta formativa, sono illustrati quei servizi online (siti web di Dipartimento, di Ateneo, Portale dello studente etc.) che possono aiutare gli studenti nella loro scelta.
Il Corso di Studio in breve
Il Corso di Laurea Magistrale in 'Finanza e impresa' si fonda sul Corso di Laurea Magistrale in Finanza istituito dalla Facoltà di Economia nell'Anno Accademico 2001/2002, innovandolo.
È una Laurea Magistrale interclasse (appartiene alle classi di laurea: LM-16 Finanza e LM-77 Scienze economico-aziendali) così da rispondere fin dall'inizio alle esigenze multidisciplinari della finanza, ed è l'unico Corso di Laurea interclasse della Scuola formata dal Dipartimento di 'Studi aziendali' e dal Dipartimento di 'Economia'.
Il Corso di Laurea Magistrale si propone di formare laureati con solide e avanzate competenze nei principali ambiti della finanza ed è di taglio prevalentemente aziendale e quantitativo, pur lasciando spazio agli aspetti economici e con un percorso riservato alla formazione di una figura professionale di giurista esperto in problemi di finanza.
Il Corso di Studi è articolato in tre percorsi:
- 'Finanza': percorso unico in lingua italiana
- 'Finance': english language track
- 'Diritto e finanza': riservato ai soli studenti che abbiano già conseguito una Laurea magistrale in Giurisprudenza a ciclo unico (LMG-01) sostenendo esami prestabiliti (Giurisprudenza - percorso Diritto e finanza)
Lo studente espliciterà le proprie scelte al momento della presentazione,
tramite il sistema informativo di ateneo, del piano di completamento o del piano di studio individuale,
secondo quanto stabilito dal regolamento didattico del corso di studio.
Finanza / LM-16
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210108 -
ADVANCED PUBLIC FINANCE
|
3
|
SECS-P/03
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/03
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ITA |
21201732 -
Statistics for finance
(objectives)
The course covers the main statistical tools to analyse economic and financial data. Topics include multiple linear regression, panel data, models suitable to interpret and forecast the temporal dynamic of phenomena observed in time series form, such as macroeconomics indicators, prices and returns of financial assets and their volatility. The focus is mainly applied, with the aim to provide the relevant statistical theory and experience. To make the results easily understandable and gain expertise in analyzing data, during the classes real examples using R will be extensively used.
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201717 -
MONETARY POLICY AND FINANCIAL MARKETS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling. The course is divided into three parts. In the first one the main models of monetary theory are examined, aiming at investigating the role and functioning of the demand and supply of money. The second part analyzes the objectives, instruments and transmission mechanisms of monetary policy, in the light of the main economic theories. The third part analyzes the interactions between the functioning of financial markets and the transmission mechanisms of monetary policy, focusing on the empirical cases of the financial crisis of 2007-2008 and its economic and monetary impact, the euro crisis in 2011 and the current volatility of the financial markets.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210037 -
Banking and Insurance Law
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
|
21210037-1 -
DIRITTO DELLE BANCHE E DELLE ASSICURAZIONI - I MODULO
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
4,5
|
IUS/05
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210037-2 -
DIRITTO DELLE BANCHE E DELLE ASSICURAZIONI - II MODULO
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
4,5
|
IUS/05
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Business English (idoneità) / Idoneità inglese- LM-16 - (show)
|
6
|
|
|
|
|
|
|
|
|
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201542 -
CORPORATE AND INVESTMENT BANKING
(objectives)
The Course is focused on the investment banking business as a group of services offered to corporate and institutional clients. The Course objective is the analysis of the main business areas under different points of view: deal structuring, processes followed during the transactions and roles played by the intermediary, the impact on the performance of the bank.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
(objectives)
The main objectives of the course are: (i) to develop knowledge to define, measure and manage the main types of risks faced by banks; (ii) to analyze the constraints deriving from regulation to the risk measurement procedure and capital quantification; (iii) to analyze and evaluate the creation of value.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
FINANZA 2° anno LM-16 - un esame opzionale tra: - (show)
|
9
|
|
|
|
|
|
|
|
21201718 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
|
21201718-1 -
ADVANCED CORPORATE FINANCE
|
Also available in another semester or year
|
21201718-2 -
ADVANCED CORPORATE FINANCE
|
Also available in another semester or year
|
21201489 -
ECONOMY OF INSURANCE AND WELFARE COMPANIES
|
Also available in another semester or year
|
20101447 -
Political Economy of Social Welfare
|
9
|
SECS-P/01
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201735 -
Insurance and Pensione Funds
|
Also available in another semester or year
|
21201729 -
MATHEMATICAL FINANCE
|
Also available in another semester or year
|
21201736 -
QUANTITATIVE FINANCE AND DERIVATIVES
|
Also available in another semester or year
|
21201721 -
Competitive Strategies in Financial Services
(objectives)
The course aims at illustrating the strategic and organizational choices of suppliers of financial services, with special regard to banking groups operating in different business lines. These choices are analyzed in the light of business strategy and banking academic literature. The suppliers of financial services are influenced by regulatory and technological changes, in a market that is more and more international. During the course different business lines are observed (retail banking, private and corporate banking, payment services), taking care of the bundling and unbundling of different kinds of intermediation activities. Besides supply, also demand of financial services is analyzed, following a behavioural perspective. Traditional lectures, seminars, business cases and project works are the teaching methods used. Teaching materials are at disposal on the website of the course. The reference book is Paolo Mottura, Banche, Egea, 2011. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201468 -
HISTORY OF FINANCE
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
|
21201468-2 -
STORIA DELLA FINANZA
|
Also available in another semester or year
|
21201468-1 -
STORIA DELLA FINANZA
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201730 -
Computational Finance
(objectives)
The course objective is to educate students about the MATLAB language and development environment, for programming, numerical calculation and visualization applied to financial problems. The rule of Computational Finance is becoming increasingly important in the financial industry, both for the modeling and analysis phase, as well as for the decision-making phase. Many models used in practice are formulated via complex mathematical problems, for which an exact or a closed-form solution could not be obtained. Consequently, computational techniques and specific numerical algorithms are required to solve such cases. Over the duration of the Course, we attempt to integrate the understanding of theoretical with their practical use. The application of quantitative financial models will be used to simplify the comprehension of some mathematical and statistical concepts and to learn the main computational techniques, which are useful to deal with a wide range of financial problems, such as portfolio optimization, risk management and derivatives pricing. Therefore, this course is not only suitable for university students, but also for professionals who want to deepen their knowledge and understanding of the quantitative financial models explored in this course.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
FINANZA 2° anno LM-16 - un esame opzionale tra: - (show)
|
9
|
|
|
|
|
|
|
|
21201718 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
|
21201718-1 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
5
|
SECS-P/09
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201718-2 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
4
|
SECS-P/09
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201489 -
ECONOMY OF INSURANCE AND WELFARE COMPANIES
(objectives)
The course aims at providing an in-depth treatment of major insurance and pension funds topics. After a discussion of basic concepts of risk management and insurance, the course focuses on main life and non-life insurance products. The economics of insurance companies is then examined considering both the managerial and the regulatory perspectives.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
20101447 -
Political Economy of Social Welfare
|
Also available in another semester or year
|
21201735 -
Insurance and Pensione Funds
(objectives)
The aim of the course is to provide students with the theoretical foundations of calculation in life insurance, with particular reference to premiums, mathematical reserves and the insurance profit, and with the theoretical bases for understanding pension models. Students will also be able to use a spreadsheet (Excel) to solve concrete cases.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201729 -
MATHEMATICAL FINANCE
(objectives)
The course aims to set the logical foundations of financial evaluation, to provide the basics for the markets’ formalization and for the measurement of the value and risk of financial contracts, to introduce the evaluation of traditional insurance contracts.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201736 -
QUANTITATIVE FINANCE AND DERIVATIVES
(objectives)
The course has the objective of providing foundations for the valuation of derivatives and for the analysis of quantitative finance problems.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201721 -
Competitive Strategies in Financial Services
|
Also available in another semester or year
|
21201468 -
HISTORY OF FINANCE
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
|
21201468-2 -
STORIA DELLA FINANZA
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
3
|
SECS-P/12
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201468-1 -
STORIA DELLA FINANZA
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
6
|
SECS-P/12
|
40
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
|
21210000 -
A SCELTA STUDENTE
|
9
|
|
60
|
-
|
-
|
-
|
Elective activities
|
ITA |
21210038 -
FINAL EXAM
|
15
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ITA |
Finanza / LM-77
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210108 -
ADVANCED PUBLIC FINANCE
|
3
|
SECS-P/03
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/03
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ITA |
21201732 -
Statistics for finance
(objectives)
The course covers the main statistical tools to analyse economic and financial data. Topics include multiple linear regression, panel data, models suitable to interpret and forecast the temporal dynamic of phenomena observed in time series form, such as macroeconomics indicators, prices and returns of financial assets and their volatility. The focus is mainly applied, with the aim to provide the relevant statistical theory and experience. To make the results easily understandable and gain expertise in analyzing data, during the classes real examples using R will be extensively used.
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201717 -
MONETARY POLICY AND FINANCIAL MARKETS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling. The course is divided into three parts. In the first one the main models of monetary theory are examined, aiming at investigating the role and functioning of the demand and supply of money. The second part analyzes the objectives, instruments and transmission mechanisms of monetary policy, in the light of the main economic theories. The third part analyzes the interactions between the functioning of financial markets and the transmission mechanisms of monetary policy, focusing on the empirical cases of the financial crisis of 2007-2008 and its economic and monetary impact, the euro crisis in 2011 and the current volatility of the financial markets.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210037 -
Banking and Insurance Law
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
|
21210037-1 -
DIRITTO DELLE BANCHE E DELLE ASSICURAZIONI - I MODULO
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
4,5
|
IUS/05
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210037-2 -
DIRITTO DELLE BANCHE E DELLE ASSICURAZIONI - II MODULO
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
4,5
|
IUS/05
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Business English (idoneità) / Idoneità inglese- LM-77 - (show)
|
6
|
|
|
|
|
|
|
|
|
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201542 -
CORPORATE AND INVESTMENT BANKING
(objectives)
The Course is focused on the investment banking business as a group of services offered to corporate and institutional clients. The Course objective is the analysis of the main business areas under different points of view: deal structuring, processes followed during the transactions and roles played by the intermediary, the impact on the performance of the bank.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
(objectives)
The main objectives of the course are: (i) to develop knowledge to define, measure and manage the main types of risks faced by banks; (ii) to analyze the constraints deriving from regulation to the risk measurement procedure and capital quantification; (iii) to analyze and evaluate the creation of value.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
FINANZA 2° ANNO LM-77 - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201718 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
|
21201718-1 -
ADVANCED CORPORATE FINANCE
|
Also available in another semester or year
|
21201718-2 -
ADVANCED CORPORATE FINANCE
|
Also available in another semester or year
|
21201489 -
ECONOMY OF INSURANCE AND WELFARE COMPANIES
|
Also available in another semester or year
|
20101447 -
Political Economy of Social Welfare
|
9
|
SECS-P/01
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201735 -
Insurance and Pensione Funds
|
Also available in another semester or year
|
21201729 -
MATHEMATICAL FINANCE
|
Also available in another semester or year
|
21201736 -
QUANTITATIVE FINANCE AND DERIVATIVES
|
Also available in another semester or year
|
21201721 -
Competitive Strategies in Financial Services
(objectives)
The course aims at illustrating the strategic and organizational choices of suppliers of financial services, with special regard to banking groups operating in different business lines. These choices are analyzed in the light of business strategy and banking academic literature. The suppliers of financial services are influenced by regulatory and technological changes, in a market that is more and more international. During the course different business lines are observed (retail banking, private and corporate banking, payment services), taking care of the bundling and unbundling of different kinds of intermediation activities. Besides supply, also demand of financial services is analyzed, following a behavioural perspective. Traditional lectures, seminars, business cases and project works are the teaching methods used. Teaching materials are at disposal on the website of the course. The reference book is Paolo Mottura, Banche, Egea, 2011. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201468 -
HISTORY OF FINANCE
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
|
21201468-2 -
STORIA DELLA FINANZA
|
Also available in another semester or year
|
21201468-1 -
STORIA DELLA FINANZA
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201730 -
Computational Finance
(objectives)
The course objective is to educate students about the MATLAB language and development environment, for programming, numerical calculation and visualization applied to financial problems. The rule of Computational Finance is becoming increasingly important in the financial industry, both for the modeling and analysis phase, as well as for the decision-making phase. Many models used in practice are formulated via complex mathematical problems, for which an exact or a closed-form solution could not be obtained. Consequently, computational techniques and specific numerical algorithms are required to solve such cases. Over the duration of the Course, we attempt to integrate the understanding of theoretical with their practical use. The application of quantitative financial models will be used to simplify the comprehension of some mathematical and statistical concepts and to learn the main computational techniques, which are useful to deal with a wide range of financial problems, such as portfolio optimization, risk management and derivatives pricing. Therefore, this course is not only suitable for university students, but also for professionals who want to deepen their knowledge and understanding of the quantitative financial models explored in this course.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
FINANZA 2° ANNO LM-77 - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201718 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
|
21201718-1 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
5
|
SECS-P/09
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201718-2 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
4
|
SECS-P/09
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201489 -
ECONOMY OF INSURANCE AND WELFARE COMPANIES
(objectives)
The course aims at providing an in-depth treatment of major insurance and pension funds topics. After a discussion of basic concepts of risk management and insurance, the course focuses on main life and non-life insurance products. The economics of insurance companies is then examined considering both the managerial and the regulatory perspectives.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
20101447 -
Political Economy of Social Welfare
|
Also available in another semester or year
|
21201735 -
Insurance and Pensione Funds
(objectives)
The aim of the course is to provide students with the theoretical foundations of calculation in life insurance, with particular reference to premiums, mathematical reserves and the insurance profit, and with the theoretical bases for understanding pension models. Students will also be able to use a spreadsheet (Excel) to solve concrete cases.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201729 -
MATHEMATICAL FINANCE
(objectives)
The course aims to set the logical foundations of financial evaluation, to provide the basics for the markets’ formalization and for the measurement of the value and risk of financial contracts, to introduce the evaluation of traditional insurance contracts.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201736 -
QUANTITATIVE FINANCE AND DERIVATIVES
(objectives)
The course has the objective of providing foundations for the valuation of derivatives and for the analysis of quantitative finance problems.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201721 -
Competitive Strategies in Financial Services
|
Also available in another semester or year
|
21201468 -
HISTORY OF FINANCE
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
|
21201468-2 -
STORIA DELLA FINANZA
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
3
|
SECS-P/12
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201468-1 -
STORIA DELLA FINANZA
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
6
|
SECS-P/12
|
40
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
|
21210000 -
A SCELTA STUDENTE
|
9
|
|
60
|
-
|
-
|
-
|
Elective activities
|
ITA |
21210038 -
FINAL EXAM
|
15
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ITA |
Diritto e Finanza / LM-16
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201717 -
MONETARY POLICY AND FINANCIAL MARKETS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling. The course is divided into three parts. In the first one the main models of monetary theory are examined, aiming at investigating the role and functioning of the demand and supply of money. The second part analyzes the objectives, instruments and transmission mechanisms of monetary policy, in the light of the main economic theories. The third part analyzes the interactions between the functioning of financial markets and the transmission mechanisms of monetary policy, focusing on the empirical cases of the financial crisis of 2007-2008 and its economic and monetary impact, the euro crisis in 2011 and the current volatility of the financial markets.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210117 -
PUBLIC FINANCE
(objectives)
The aim of the course is to provide the analytical tools and the necessary knowledge to understand and assess the problems raised by the public intervention in the economy, as well as by the collective choices. The allocative, distributive and macroeconomic consequences of the main tools will also be analysed. Particular attention is paid to the economic analysis of taxes and at the structure of the Italian tax system.
|
3
|
SECS-P/03
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/03
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ITA |
21201485 -
FINANCIAL MARKET LAW
(objectives)
The purpose of the course is to provide exhaustive knowledge of financial intermediaries, markets and the supervisory agency and, particularly, the following matters: financial markets laws; solicitation to the public; services and investment firms; institutional investors; company listed shares rules; controls on the securities market.
|
9
|
IUS/05
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210039 -
COMMERCIAL LAW - ADVANCED COURSE
(objectives)
The purpose of the course is to provide exhaustive knowledge and comprehension skills of the Italian system of bankruptcy proceedings. Bankrupcty Law studies the laws regulating business crisis and insolvency.
|
9
|
IUS/04
|
60
|
-
|
-
|
-
|
Elective activities
|
ITA |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210127 -
STATISTICS
(objectives)
Statistics is a compulsory course aimed at introducing the basic techniques for the analysis of statistical data. Topics taught include displaying and describing data, basic probability theory and statistical inference. Attention will be focused on applications to business and economics.
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
DIRITTO E FINANZA Idoneità lingua - LM-16 - (show)
|
6
|
|
|
|
|
|
|
|
|
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201486 -
FINANCIAL INTERMEDIATION AND MARKETS
(objectives)
The Course aims to provide the basic knowledge for study of financial systems, observing the following main components: instruments, markets and financial intermediaries. It is the first economic-business learning step on these aspects.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201542 -
CORPORATE AND INVESTMENT BANKING
(objectives)
The Course is focused on the investment banking business as a group of services offered to corporate and institutional clients. The Course objective is the analysis of the main business areas under different points of view: deal structuring, processes followed during the transactions and roles played by the intermediary, the impact on the performance of the bank.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-16 - MAT-AZIEN - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201724 -
BANK MANAGEMENT
|
Also available in another semester or year
|
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
|
Also available in another semester or year
|
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
|
Also available in another semester or year
|
21210101 -
FINANCIAL SERVICES STRATEGIES
(objectives)
The course aims at opening the black box of managerial decisions connected with the strategy making process in the financial services industry nowadays. This main goal is pursued with lectures, seminars, case discussions and project works. By the end of this course students should be able to understand the main competitive strategies of traditional and new suppliers in the financial services industry, at corporate and at business areas level. Lectures and seminars are carried out by Professor Previati, Dr. Francesco Masala (Italian Banking Association) and other academics and practitioners. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21201735 -
Insurance and Pensione Funds
|
Also available in another semester or year
|
21210100 -
INTERNATIONAL FINANCIAL MARKETS
|
Also available in another semester or year
|
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
|
Also available in another semester or year
|
21201477 -
RISK AND ACCOUNTING
|
Also available in another semester or year
|
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
(objectives)
The main objectives of the course are: (i) to develop knowledge to define, measure and manage the main types of risks faced by banks; (ii) to analyze the constraints deriving from regulation to the risk measurement procedure and capital quantification; (iii) to analyze and evaluate the creation of value.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
|
Also available in another semester or year
|
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201494 -
FINANCIAL MATHEMATICS
(objectives)
The course aims to set the logical foundations of financial evaluation, to provide the basics for the markets’ formalization and for the measurement of the value and risk of financial contracts, to introduce the evaluation of traditional insurance contracts.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-16 - AZIENDALE - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201477 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-16 MAT-STAT-INF - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
(objectives)
The course has the objective of providing basic foundations for portfolio selection, real estate investments, and derivative contracts valuation.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-16 - MAT-AZIEN - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201724 -
BANK MANAGEMENT
(objectives)
Course Aims • to introduce basic concepts that relate to the traditional business of banking • to examine the recent trends and developments in domestic and international banking • to provide students with an understanding of banks’ accounts and financial ratios analysis • to examine the most important banking risks and their management • to construct coherent arguments concerning the need for financial regulation • to provide students with an understanding of the importance and role of technology and financial innovation for modern banks
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
6
|
SECS-S/06
|
40
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210101 -
FINANCIAL SERVICES STRATEGIES
|
Also available in another semester or year
|
21201735 -
Insurance and Pensione Funds
(objectives)
The aim of the course is to provide students with the theoretical foundations of calculation in life insurance, with particular reference to premiums, mathematical reserves and the insurance profit, and with the theoretical bases for understanding pension models. Students will also be able to use a spreadsheet (Excel) to solve concrete cases.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210100 -
INTERNATIONAL FINANCIAL MARKETS
(objectives)
This course aims to provide an overview of the nature and operation of international financial markets and their traded instruments. Students are introduced to the organisation of the international financial system, the markets for foreign exchanges, stocks, bonds, commodities and derivatives, and the risks and opportunities offered in these markets and systems. The course prepares students with essential knowledge for their future career in business, especially in the financial sector.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201477 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
|
Also available in another semester or year
|
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
(objectives)
The course has the objective of providing basic foundations for portfolio selection, real estate investments, and derivative contracts valuation.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
|
21210038 -
FINAL EXAM
|
15
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ITA |
Diritto e Finanza / LM-77
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201717 -
MONETARY POLICY AND FINANCIAL MARKETS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling. The course is divided into three parts. In the first one the main models of monetary theory are examined, aiming at investigating the role and functioning of the demand and supply of money. The second part analyzes the objectives, instruments and transmission mechanisms of monetary policy, in the light of the main economic theories. The third part analyzes the interactions between the functioning of financial markets and the transmission mechanisms of monetary policy, focusing on the empirical cases of the financial crisis of 2007-2008 and its economic and monetary impact, the euro crisis in 2011 and the current volatility of the financial markets.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210117 -
PUBLIC FINANCE
(objectives)
The aim of the course is to provide the analytical tools and the necessary knowledge to understand and assess the problems raised by the public intervention in the economy, as well as by the collective choices. The allocative, distributive and macroeconomic consequences of the main tools will also be analysed. Particular attention is paid to the economic analysis of taxes and at the structure of the Italian tax system.
|
3
|
SECS-P/03
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/03
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ITA |
21201485 -
FINANCIAL MARKET LAW
(objectives)
The purpose of the course is to provide exhaustive knowledge of financial intermediaries, markets and the supervisory agency and, particularly, the following matters: financial markets laws; solicitation to the public; services and investment firms; institutional investors; company listed shares rules; controls on the securities market.
|
9
|
IUS/05
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210039 -
COMMERCIAL LAW - ADVANCED COURSE
(objectives)
The purpose of the course is to provide exhaustive knowledge and comprehension skills of the Italian system of bankruptcy proceedings. Bankrupcty Law studies the laws regulating business crisis and insolvency.
|
9
|
IUS/04
|
60
|
-
|
-
|
-
|
Elective activities
|
ITA |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210127 -
STATISTICS
(objectives)
Statistics is a compulsory course aimed at introducing the basic techniques for the analysis of statistical data. Topics taught include displaying and describing data, basic probability theory and statistical inference. Attention will be focused on applications to business and economics.
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
DIRITTO E FINANZA Idoneità lingua - LM-77 - (show)
|
6
|
|
|
|
|
|
|
|
|
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201486 -
FINANCIAL INTERMEDIATION AND MARKETS
(objectives)
The Course aims to provide the basic knowledge for study of financial systems, observing the following main components: instruments, markets and financial intermediaries. It is the first economic-business learning step on these aspects.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201542 -
CORPORATE AND INVESTMENT BANKING
(objectives)
The Course is focused on the investment banking business as a group of services offered to corporate and institutional clients. The Course objective is the analysis of the main business areas under different points of view: deal structuring, processes followed during the transactions and roles played by the intermediary, the impact on the performance of the bank.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-77 - MAT-AZIEN - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201724 -
BANK MANAGEMENT
|
Also available in another semester or year
|
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
|
Also available in another semester or year
|
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
|
Also available in another semester or year
|
21210101 -
FINANCIAL SERVICES STRATEGIES
(objectives)
The course aims at opening the black box of managerial decisions connected with the strategy making process in the financial services industry nowadays. This main goal is pursued with lectures, seminars, case discussions and project works. By the end of this course students should be able to understand the main competitive strategies of traditional and new suppliers in the financial services industry, at corporate and at business areas level. Lectures and seminars are carried out by Professor Previati, Dr. Francesco Masala (Italian Banking Association) and other academics and practitioners. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21201735 -
Insurance and Pensione Funds
|
Also available in another semester or year
|
21210100 -
INTERNATIONAL FINANCIAL MARKETS
|
Also available in another semester or year
|
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
|
Also available in another semester or year
|
21201477 -
RISK AND ACCOUNTING
|
Also available in another semester or year
|
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
(objectives)
The main objectives of the course are: (i) to develop knowledge to define, measure and manage the main types of risks faced by banks; (ii) to analyze the constraints deriving from regulation to the risk measurement procedure and capital quantification; (iii) to analyze and evaluate the creation of value.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
|
Also available in another semester or year
|
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201494 -
FINANCIAL MATHEMATICS
(objectives)
The course aims to set the logical foundations of financial evaluation, to provide the basics for the markets’ formalization and for the measurement of the value and risk of financial contracts, to introduce the evaluation of traditional insurance contracts.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO - LM-77 - AZIENDALE - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201477 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-77 - STAT-MAT - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
(objectives)
The course has the objective of providing basic foundations for portfolio selection, real estate investments, and derivative contracts valuation.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-77 - MAT-AZIEN - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201724 -
BANK MANAGEMENT
(objectives)
Course Aims • to introduce basic concepts that relate to the traditional business of banking • to examine the recent trends and developments in domestic and international banking • to provide students with an understanding of banks’ accounts and financial ratios analysis • to examine the most important banking risks and their management • to construct coherent arguments concerning the need for financial regulation • to provide students with an understanding of the importance and role of technology and financial innovation for modern banks
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
6
|
SECS-S/06
|
40
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210101 -
FINANCIAL SERVICES STRATEGIES
|
Also available in another semester or year
|
21201735 -
Insurance and Pensione Funds
(objectives)
The aim of the course is to provide students with the theoretical foundations of calculation in life insurance, with particular reference to premiums, mathematical reserves and the insurance profit, and with the theoretical bases for understanding pension models. Students will also be able to use a spreadsheet (Excel) to solve concrete cases.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210100 -
INTERNATIONAL FINANCIAL MARKETS
(objectives)
This course aims to provide an overview of the nature and operation of international financial markets and their traded instruments. Students are introduced to the organisation of the international financial system, the markets for foreign exchanges, stocks, bonds, commodities and derivatives, and the risks and opportunities offered in these markets and systems. The course prepares students with essential knowledge for their future career in business, especially in the financial sector.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201477 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
|
Also available in another semester or year
|
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
(objectives)
The course has the objective of providing basic foundations for portfolio selection, real estate investments, and derivative contracts valuation.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
|
21210038 -
FINAL EXAM
|
15
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ITA |
Finance / LM-16
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210094 -
COMPARING FINANCIAL SYSTEMS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210120 -
ECONOMIC GROWTH AND WELFARE SYSTEMS
|
3
|
SECS-P/02
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/02
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ENG |
21210097 -
STATISTICS FOR FINANCE
(objectives)
The goal of the course is to provide to participants with a basic knowledge of modern time series econometrics with applications to financial data attention will be devoted to: - univariate models (ARMA) - integration in time series - SARIMA model - Forecasting - specific models to account for volatility (ARCH, GARCH)
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210095 -
EUROPEAN BANKING AND FINANCIAL LAW
(objectives)
In recent decades, the volume of EU legislation on financial law has increased exponentially. Banks, insurers, pension funds, investment firms and other financial institutions all are increasingly subject to European regulatory rules, as are day to day financial transactions. Serving as a comprehensive and authoritative introduction to European banking and financial law, the course is organized around the three economic themes that are central to the financial industry: (i) financial markets; (ii) financial institutions; and (iii) financial transactions. It covers not only regulatory law, but also commercial law that is relevant for the most important financial transactions.
|
9
|
IUS/05
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
6
|
SECS-S/06
|
40
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210098 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210104 -
EUROPEAN LANGUAGE
|
6
|
|
80
|
-
|
-
|
-
|
Other activities
|
ENG |
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201722 -
RISK MANAGEMENT IN BANKING
(objectives)
The course aims at analysing the problems connected with both the financial and the non-financial management of banks. Namely, this analysis is carried out along the following streams: The role and peculiarities of risk management in financial institutions. The objectives, applications and technical features of risk measurement and management models: interest rate risk, market risk, liquidity risk, credit risk and operational risk. Capital regulation: recent evolution and problems posed by the recent financial crisis. Capital management and the process of value creation in financial institutions. Supervisory policies on financial and insurance institutions, with a focus on internal controls and organizational and capital adequacy. By the end of this course you should be able to: Evaluate the impact of the main strategies on the shareholder value creation of modern global banks Be aware of the main banking risk measurement techniques Critically evaluate the application of the main risk management techniques in banking Understand the main capital allocation methods within modern banks Comprehend why banks need regulation and distinguish between the different types of regulation.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Optional Group:
FINANCE 2 ANNO LM-16 - ATTIVITA' AFFINI - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21210100 -
INTERNATIONAL FINANCIAL MARKETS
|
Also available in another semester or year
|
21210101 -
FINANCIAL SERVICES STRATEGIES
(objectives)
The course aims at opening the black box of managerial decisions connected with the strategy making process in the financial services industry nowadays. This main goal is pursued with lectures, seminars, case discussions and project works. By the end of this course students should be able to understand the main competitive strategies of traditional and new suppliers in the financial services industry, at corporate and at business areas level. Lectures and seminars are carried out by Professor Previati, Dr. Francesco Masala (Italian Banking Association) and other academics and practitioners. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21210102 -
FINANCIAL VALUATION AND RISK MANAGEMENT
|
Also available in another semester or year
|
21210103 -
QUANTITATIVE FINANCE AND DERIVATIVES
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201724 -
BANK MANAGEMENT
(objectives)
Course Aims • to introduce basic concepts that relate to the traditional business of banking • to examine the recent trends and developments in domestic and international banking • to provide students with an understanding of banks’ accounts and financial ratios analysis • to examine the most important banking risks and their management • to construct coherent arguments concerning the need for financial regulation • to provide students with an understanding of the importance and role of technology and financial innovation for modern banks
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210099 -
FINANCIAL MODELING
(objectives)
The course objective is to educate students about the MATLAB language and development environment, for programming, numerical calculation and visualization applied to financial problems. The rule of Computational Finance is becoming increasingly important in the financial industry, both for the modeling and analysis phase, as well as for the decision-making phase. Many models used in practice are formulated via complex mathematical problems, for which an exact or a closed-form solution could not be obtained. Consequently, computational techniques and specific numerical algorithms are required to solve such cases. Over the duration of the Course, we attempt to integrate the understanding of theoretical with their practical use. The application of quantitative financial models will be used to simplify the comprehension of some mathematical and statistical concepts and to learn the main computational techniques, which are useful to deal with a wide range of financial problems, such as portfolio optimization, risk management and derivatives pricing. Therefore, this course is not only suitable for university students, but also for professionals who want to deepen their knowledge and understanding of the quantitative financial models explored in this course.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Optional Group:
FINANCE 2 ANNO LM-16 - ATTIVITA' AFFINI - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
|
21210091 -
FREE CHOICE COURSE
|
9
|
|
60
|
-
|
-
|
-
|
Elective activities
|
ENG |
21210092 -
FINAL THESIS
|
15
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ENG |
Finance / LM-77
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210094 -
COMPARING FINANCIAL SYSTEMS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210120 -
ECONOMIC GROWTH AND WELFARE SYSTEMS
|
3
|
SECS-P/02
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/02
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ENG |
21210097 -
STATISTICS FOR FINANCE
(objectives)
The goal of the course is to provide to participants with a basic knowledge of modern time series econometrics with applications to financial data attention will be devoted to: - univariate models (ARMA) - integration in time series - SARIMA model - Forecasting - specific models to account for volatility (ARCH, GARCH)
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210095 -
EUROPEAN BANKING AND FINANCIAL LAW
(objectives)
In recent decades, the volume of EU legislation on financial law has increased exponentially. Banks, insurers, pension funds, investment firms and other financial institutions all are increasingly subject to European regulatory rules, as are day to day financial transactions. Serving as a comprehensive and authoritative introduction to European banking and financial law, the course is organized around the three economic themes that are central to the financial industry: (i) financial markets; (ii) financial institutions; and (iii) financial transactions. It covers not only regulatory law, but also commercial law that is relevant for the most important financial transactions.
|
9
|
IUS/05
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
6
|
SECS-S/06
|
40
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210098 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210104 -
EUROPEAN LANGUAGE
|
6
|
|
80
|
-
|
-
|
-
|
Other activities
|
ENG |
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201722 -
RISK MANAGEMENT IN BANKING
(objectives)
The course aims at analysing the problems connected with both the financial and the non-financial management of banks. Namely, this analysis is carried out along the following streams: The role and peculiarities of risk management in financial institutions. The objectives, applications and technical features of risk measurement and management models: interest rate risk, market risk, liquidity risk, credit risk and operational risk. Capital regulation: recent evolution and problems posed by the recent financial crisis. Capital management and the process of value creation in financial institutions. Supervisory policies on financial and insurance institutions, with a focus on internal controls and organizational and capital adequacy. By the end of this course you should be able to: Evaluate the impact of the main strategies on the shareholder value creation of modern global banks Be aware of the main banking risk measurement techniques Critically evaluate the application of the main risk management techniques in banking Understand the main capital allocation methods within modern banks Comprehend why banks need regulation and distinguish between the different types of regulation.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Optional Group:
FINANCE 2 ANNO LM-77 - ATTIVITA' AFFINI - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21210100 -
INTERNATIONAL FINANCIAL MARKETS
|
Also available in another semester or year
|
21210101 -
FINANCIAL SERVICES STRATEGIES
(objectives)
The course aims at opening the black box of managerial decisions connected with the strategy making process in the financial services industry nowadays. This main goal is pursued with lectures, seminars, case discussions and project works. By the end of this course students should be able to understand the main competitive strategies of traditional and new suppliers in the financial services industry, at corporate and at business areas level. Lectures and seminars are carried out by Professor Previati, Dr. Francesco Masala (Italian Banking Association) and other academics and practitioners. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21210102 -
FINANCIAL VALUATION AND RISK MANAGEMENT
|
Also available in another semester or year
|
21210103 -
QUANTITATIVE FINANCE AND DERIVATIVES
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201724 -
BANK MANAGEMENT
(objectives)
Course Aims • to introduce basic concepts that relate to the traditional business of banking • to examine the recent trends and developments in domestic and international banking • to provide students with an understanding of banks’ accounts and financial ratios analysis • to examine the most important banking risks and their management • to construct coherent arguments concerning the need for financial regulation • to provide students with an understanding of the importance and role of technology and financial innovation for modern banks
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210099 -
FINANCIAL MODELING
(objectives)
The course objective is to educate students about the MATLAB language and development environment, for programming, numerical calculation and visualization applied to financial problems. The rule of Computational Finance is becoming increasingly important in the financial industry, both for the modeling and analysis phase, as well as for the decision-making phase. Many models used in practice are formulated via complex mathematical problems, for which an exact or a closed-form solution could not be obtained. Consequently, computational techniques and specific numerical algorithms are required to solve such cases. Over the duration of the Course, we attempt to integrate the understanding of theoretical with their practical use. The application of quantitative financial models will be used to simplify the comprehension of some mathematical and statistical concepts and to learn the main computational techniques, which are useful to deal with a wide range of financial problems, such as portfolio optimization, risk management and derivatives pricing. Therefore, this course is not only suitable for university students, but also for professionals who want to deepen their knowledge and understanding of the quantitative financial models explored in this course.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Optional Group:
FINANCE 2 ANNO LM-77 - ATTIVITA' AFFINI - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
|
21210091 -
FREE CHOICE COURSE
|
9
|
|
60
|
-
|
-
|
-
|
Elective activities
|
ENG |
21210092 -
FINAL THESIS
|
15
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ENG |
Finanza con tirocinio / LM-16
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210108 -
ADVANCED PUBLIC FINANCE
|
3
|
SECS-P/03
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/03
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ITA |
21201732 -
Statistics for finance
(objectives)
The course covers the main statistical tools to analyse economic and financial data. Topics include multiple linear regression, panel data, models suitable to interpret and forecast the temporal dynamic of phenomena observed in time series form, such as macroeconomics indicators, prices and returns of financial assets and their volatility. The focus is mainly applied, with the aim to provide the relevant statistical theory and experience. To make the results easily understandable and gain expertise in analyzing data, during the classes real examples using R will be extensively used.
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201717 -
MONETARY POLICY AND FINANCIAL MARKETS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling. The course is divided into three parts. In the first one the main models of monetary theory are examined, aiming at investigating the role and functioning of the demand and supply of money. The second part analyzes the objectives, instruments and transmission mechanisms of monetary policy, in the light of the main economic theories. The third part analyzes the interactions between the functioning of financial markets and the transmission mechanisms of monetary policy, focusing on the empirical cases of the financial crisis of 2007-2008 and its economic and monetary impact, the euro crisis in 2011 and the current volatility of the financial markets.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210037 -
Banking and Insurance Law
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
|
21210037-1 -
DIRITTO DELLE BANCHE E DELLE ASSICURAZIONI - I MODULO
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
4,5
|
IUS/05
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210037-2 -
DIRITTO DELLE BANCHE E DELLE ASSICURAZIONI - II MODULO
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
4,5
|
IUS/05
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Business English (idoneità) / Idoneità inglese- LM-16 - (show)
|
6
|
|
|
|
|
|
|
|
|
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201542 -
CORPORATE AND INVESTMENT BANKING
(objectives)
The Course is focused on the investment banking business as a group of services offered to corporate and institutional clients. The Course objective is the analysis of the main business areas under different points of view: deal structuring, processes followed during the transactions and roles played by the intermediary, the impact on the performance of the bank.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
(objectives)
The main objectives of the course are: (i) to develop knowledge to define, measure and manage the main types of risks faced by banks; (ii) to analyze the constraints deriving from regulation to the risk measurement procedure and capital quantification; (iii) to analyze and evaluate the creation of value.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
FINANZA 2° anno LM-16 - un esame opzionale tra: - (show)
|
9
|
|
|
|
|
|
|
|
21201718 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
|
21201718-1 -
ADVANCED CORPORATE FINANCE
|
Also available in another semester or year
|
21201718-2 -
ADVANCED CORPORATE FINANCE
|
Also available in another semester or year
|
21201489 -
ECONOMY OF INSURANCE AND WELFARE COMPANIES
|
Also available in another semester or year
|
20101447 -
Political Economy of Social Welfare
|
9
|
SECS-P/01
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201735 -
Insurance and Pensione Funds
|
Also available in another semester or year
|
21201729 -
MATHEMATICAL FINANCE
|
Also available in another semester or year
|
21201736 -
QUANTITATIVE FINANCE AND DERIVATIVES
|
Also available in another semester or year
|
21201721 -
Competitive Strategies in Financial Services
(objectives)
The course aims at illustrating the strategic and organizational choices of suppliers of financial services, with special regard to banking groups operating in different business lines. These choices are analyzed in the light of business strategy and banking academic literature. The suppliers of financial services are influenced by regulatory and technological changes, in a market that is more and more international. During the course different business lines are observed (retail banking, private and corporate banking, payment services), taking care of the bundling and unbundling of different kinds of intermediation activities. Besides supply, also demand of financial services is analyzed, following a behavioural perspective. Traditional lectures, seminars, business cases and project works are the teaching methods used. Teaching materials are at disposal on the website of the course. The reference book is Paolo Mottura, Banche, Egea, 2011. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201468 -
HISTORY OF FINANCE
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
|
21201468-2 -
STORIA DELLA FINANZA
|
Also available in another semester or year
|
21201468-1 -
STORIA DELLA FINANZA
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201730 -
Computational Finance
(objectives)
The course objective is to educate students about the MATLAB language and development environment, for programming, numerical calculation and visualization applied to financial problems. The rule of Computational Finance is becoming increasingly important in the financial industry, both for the modeling and analysis phase, as well as for the decision-making phase. Many models used in practice are formulated via complex mathematical problems, for which an exact or a closed-form solution could not be obtained. Consequently, computational techniques and specific numerical algorithms are required to solve such cases. Over the duration of the Course, we attempt to integrate the understanding of theoretical with their practical use. The application of quantitative financial models will be used to simplify the comprehension of some mathematical and statistical concepts and to learn the main computational techniques, which are useful to deal with a wide range of financial problems, such as portfolio optimization, risk management and derivatives pricing. Therefore, this course is not only suitable for university students, but also for professionals who want to deepen their knowledge and understanding of the quantitative financial models explored in this course.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
FINANZA 2° anno LM-16 - un esame opzionale tra: - (show)
|
9
|
|
|
|
|
|
|
|
21201718 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
|
21201718-1 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
5
|
SECS-P/09
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201718-2 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
4
|
SECS-P/09
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201489 -
ECONOMY OF INSURANCE AND WELFARE COMPANIES
(objectives)
The course aims at providing an in-depth treatment of major insurance and pension funds topics. After a discussion of basic concepts of risk management and insurance, the course focuses on main life and non-life insurance products. The economics of insurance companies is then examined considering both the managerial and the regulatory perspectives.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
20101447 -
Political Economy of Social Welfare
|
Also available in another semester or year
|
21201735 -
Insurance and Pensione Funds
(objectives)
The aim of the course is to provide students with the theoretical foundations of calculation in life insurance, with particular reference to premiums, mathematical reserves and the insurance profit, and with the theoretical bases for understanding pension models. Students will also be able to use a spreadsheet (Excel) to solve concrete cases.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201729 -
MATHEMATICAL FINANCE
(objectives)
The course aims to set the logical foundations of financial evaluation, to provide the basics for the markets’ formalization and for the measurement of the value and risk of financial contracts, to introduce the evaluation of traditional insurance contracts.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201736 -
QUANTITATIVE FINANCE AND DERIVATIVES
(objectives)
The course has the objective of providing foundations for the valuation of derivatives and for the analysis of quantitative finance problems.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201721 -
Competitive Strategies in Financial Services
|
Also available in another semester or year
|
21201468 -
HISTORY OF FINANCE
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
|
21201468-2 -
STORIA DELLA FINANZA
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
3
|
SECS-P/12
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201468-1 -
STORIA DELLA FINANZA
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
6
|
SECS-P/12
|
40
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
|
21210000 -
A SCELTA STUDENTE
|
9
|
|
60
|
-
|
-
|
-
|
Elective activities
|
ITA |
Optional Group:
FINANZA - DIRITTO E FINANZA- Tirocinio - LM-16 - (show)
|
6
|
|
|
|
|
|
|
|
21210075 -
INTERNSHIP
|
6
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210076 -
INTERNSHIP I
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210077 -
INTERNSHIP II
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
|
21210081 -
FINAL EXAM
|
9
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ITA |
Finanza con tirocinio / LM-77
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210108 -
ADVANCED PUBLIC FINANCE
|
3
|
SECS-P/03
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/03
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ITA |
21201732 -
Statistics for finance
(objectives)
The course covers the main statistical tools to analyse economic and financial data. Topics include multiple linear regression, panel data, models suitable to interpret and forecast the temporal dynamic of phenomena observed in time series form, such as macroeconomics indicators, prices and returns of financial assets and their volatility. The focus is mainly applied, with the aim to provide the relevant statistical theory and experience. To make the results easily understandable and gain expertise in analyzing data, during the classes real examples using R will be extensively used.
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201717 -
MONETARY POLICY AND FINANCIAL MARKETS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling. The course is divided into three parts. In the first one the main models of monetary theory are examined, aiming at investigating the role and functioning of the demand and supply of money. The second part analyzes the objectives, instruments and transmission mechanisms of monetary policy, in the light of the main economic theories. The third part analyzes the interactions between the functioning of financial markets and the transmission mechanisms of monetary policy, focusing on the empirical cases of the financial crisis of 2007-2008 and its economic and monetary impact, the euro crisis in 2011 and the current volatility of the financial markets.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210037 -
Banking and Insurance Law
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
|
21210037-1 -
DIRITTO DELLE BANCHE E DELLE ASSICURAZIONI - I MODULO
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
4,5
|
IUS/05
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210037-2 -
DIRITTO DELLE BANCHE E DELLE ASSICURAZIONI - II MODULO
(objectives)
The course is divided into a single educational module concerning the following topics: (i) with regard to banking law, the sources of banking law, the European Banking Union, the banking activity, the supervisory authorities, the various types of banks, the activities of credit disposal, leasing and customer protection; (ii) with regard to insurance law, the insurance company regulation, insurance intermediaries, as well as the specific types of insurance contracts. The aim of the course is to provide students with the necessary tools to understand the current regulatory developments in the banking and insurance sector.
|
4,5
|
IUS/05
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Business English (idoneità) / Idoneità inglese- LM-77 - (show)
|
6
|
|
|
|
|
|
|
|
|
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201542 -
CORPORATE AND INVESTMENT BANKING
(objectives)
The Course is focused on the investment banking business as a group of services offered to corporate and institutional clients. The Course objective is the analysis of the main business areas under different points of view: deal structuring, processes followed during the transactions and roles played by the intermediary, the impact on the performance of the bank.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
(objectives)
The main objectives of the course are: (i) to develop knowledge to define, measure and manage the main types of risks faced by banks; (ii) to analyze the constraints deriving from regulation to the risk measurement procedure and capital quantification; (iii) to analyze and evaluate the creation of value.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
FINANZA 2° ANNO LM-77 - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201718 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
|
21201718-1 -
ADVANCED CORPORATE FINANCE
|
Also available in another semester or year
|
21201718-2 -
ADVANCED CORPORATE FINANCE
|
Also available in another semester or year
|
21201489 -
ECONOMY OF INSURANCE AND WELFARE COMPANIES
|
Also available in another semester or year
|
20101447 -
Political Economy of Social Welfare
|
9
|
SECS-P/01
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201735 -
Insurance and Pensione Funds
|
Also available in another semester or year
|
21201729 -
MATHEMATICAL FINANCE
|
Also available in another semester or year
|
21201736 -
QUANTITATIVE FINANCE AND DERIVATIVES
|
Also available in another semester or year
|
21201721 -
Competitive Strategies in Financial Services
(objectives)
The course aims at illustrating the strategic and organizational choices of suppliers of financial services, with special regard to banking groups operating in different business lines. These choices are analyzed in the light of business strategy and banking academic literature. The suppliers of financial services are influenced by regulatory and technological changes, in a market that is more and more international. During the course different business lines are observed (retail banking, private and corporate banking, payment services), taking care of the bundling and unbundling of different kinds of intermediation activities. Besides supply, also demand of financial services is analyzed, following a behavioural perspective. Traditional lectures, seminars, business cases and project works are the teaching methods used. Teaching materials are at disposal on the website of the course. The reference book is Paolo Mottura, Banche, Egea, 2011. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201468 -
HISTORY OF FINANCE
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
|
21201468-2 -
STORIA DELLA FINANZA
|
Also available in another semester or year
|
21201468-1 -
STORIA DELLA FINANZA
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201730 -
Computational Finance
(objectives)
The course objective is to educate students about the MATLAB language and development environment, for programming, numerical calculation and visualization applied to financial problems. The rule of Computational Finance is becoming increasingly important in the financial industry, both for the modeling and analysis phase, as well as for the decision-making phase. Many models used in practice are formulated via complex mathematical problems, for which an exact or a closed-form solution could not be obtained. Consequently, computational techniques and specific numerical algorithms are required to solve such cases. Over the duration of the Course, we attempt to integrate the understanding of theoretical with their practical use. The application of quantitative financial models will be used to simplify the comprehension of some mathematical and statistical concepts and to learn the main computational techniques, which are useful to deal with a wide range of financial problems, such as portfolio optimization, risk management and derivatives pricing. Therefore, this course is not only suitable for university students, but also for professionals who want to deepen their knowledge and understanding of the quantitative financial models explored in this course.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
FINANZA 2° ANNO LM-77 - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201718 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
|
21201718-1 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
5
|
SECS-P/09
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201718-2 -
ADVANCED CORPORATE FINANCE
(objectives)
To complete and deepen/improve the theoretical and practical fundamentals of corporate finance provided in the under-graduate course of Corporate Finance, in order to develop competences and skills for understanding the capital markets functioning, the investment and financing decisions of non-financial firms, their ownership structure and their corporate governance systems. The course includes the following items: 1. the decision theory under uncertainty and the measurement of risk premium 2. financial options: definitions, typologies, fundamentals and pricing 3. contingent claim theory applied to corporate finance: a. models à la Merton for estimating the credit risk b. options and agency costs c. real options for evaluating investments/companies d. credit derivatives and CDS 4. economics and finance of M&As 5. beyond the Capital Asset Pricing Model: advanced formulations and multifactor models for estimating the cost of capital 6. determinants of capital structure choice: theories and empirical evidence 7. financial structure of the Italian firms, in comparison with European and US companies 8. IPOs and relevant implications 9. systems of corporate governance in Italy, Continental Europe and USA/World: international comparisons 10. finance of small business.
|
4
|
SECS-P/09
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201489 -
ECONOMY OF INSURANCE AND WELFARE COMPANIES
(objectives)
The course aims at providing an in-depth treatment of major insurance and pension funds topics. After a discussion of basic concepts of risk management and insurance, the course focuses on main life and non-life insurance products. The economics of insurance companies is then examined considering both the managerial and the regulatory perspectives.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
20101447 -
Political Economy of Social Welfare
|
Also available in another semester or year
|
21201735 -
Insurance and Pensione Funds
(objectives)
The aim of the course is to provide students with the theoretical foundations of calculation in life insurance, with particular reference to premiums, mathematical reserves and the insurance profit, and with the theoretical bases for understanding pension models. Students will also be able to use a spreadsheet (Excel) to solve concrete cases.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201729 -
MATHEMATICAL FINANCE
(objectives)
The course aims to set the logical foundations of financial evaluation, to provide the basics for the markets’ formalization and for the measurement of the value and risk of financial contracts, to introduce the evaluation of traditional insurance contracts.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201736 -
QUANTITATIVE FINANCE AND DERIVATIVES
(objectives)
The course has the objective of providing foundations for the valuation of derivatives and for the analysis of quantitative finance problems.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201721 -
Competitive Strategies in Financial Services
|
Also available in another semester or year
|
21201468 -
HISTORY OF FINANCE
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
|
21201468-2 -
STORIA DELLA FINANZA
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
3
|
SECS-P/12
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201468-1 -
STORIA DELLA FINANZA
(objectives)
This course is designed to illustrate the formation and evolution of monetary and financial systems in industrialised economies by using a comparative approach looking at an extended period covering the principle events between the eighteenth and twentieth centuries.
|
6
|
SECS-P/12
|
40
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
|
21210000 -
A SCELTA STUDENTE
|
9
|
|
60
|
-
|
-
|
-
|
Elective activities
|
ITA |
Optional Group:
FINANZA - DIRITTO E FINANZA Tirocinio - LM-77 - (show)
|
6
|
|
|
|
|
|
|
|
21210075 -
INTERNSHIP
|
6
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210076 -
INTERNSHIP I
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210077 -
INTERNSHIP II
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
|
21210081 -
FINAL EXAM
|
9
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ITA |
Diritto e Finanza con tirocinio / LM-16
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201717 -
MONETARY POLICY AND FINANCIAL MARKETS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling. The course is divided into three parts. In the first one the main models of monetary theory are examined, aiming at investigating the role and functioning of the demand and supply of money. The second part analyzes the objectives, instruments and transmission mechanisms of monetary policy, in the light of the main economic theories. The third part analyzes the interactions between the functioning of financial markets and the transmission mechanisms of monetary policy, focusing on the empirical cases of the financial crisis of 2007-2008 and its economic and monetary impact, the euro crisis in 2011 and the current volatility of the financial markets.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210117 -
PUBLIC FINANCE
(objectives)
The aim of the course is to provide the analytical tools and the necessary knowledge to understand and assess the problems raised by the public intervention in the economy, as well as by the collective choices. The allocative, distributive and macroeconomic consequences of the main tools will also be analysed. Particular attention is paid to the economic analysis of taxes and at the structure of the Italian tax system.
|
3
|
SECS-P/03
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/03
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ITA |
21201485 -
FINANCIAL MARKET LAW
(objectives)
The purpose of the course is to provide exhaustive knowledge of financial intermediaries, markets and the supervisory agency and, particularly, the following matters: financial markets laws; solicitation to the public; services and investment firms; institutional investors; company listed shares rules; controls on the securities market.
|
9
|
IUS/05
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210039 -
COMMERCIAL LAW - ADVANCED COURSE
(objectives)
The purpose of the course is to provide exhaustive knowledge and comprehension skills of the Italian system of bankruptcy proceedings. Bankrupcty Law studies the laws regulating business crisis and insolvency.
|
9
|
IUS/04
|
60
|
-
|
-
|
-
|
Elective activities
|
ITA |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210127 -
STATISTICS
(objectives)
Statistics is a compulsory course aimed at introducing the basic techniques for the analysis of statistical data. Topics taught include displaying and describing data, basic probability theory and statistical inference. Attention will be focused on applications to business and economics.
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
DIRITTO E FINANZA Idoneità lingua - LM-16 - (show)
|
6
|
|
|
|
|
|
|
|
|
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201486 -
FINANCIAL INTERMEDIATION AND MARKETS
(objectives)
The Course aims to provide the basic knowledge for study of financial systems, observing the following main components: instruments, markets and financial intermediaries. It is the first economic-business learning step on these aspects.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201542 -
CORPORATE AND INVESTMENT BANKING
(objectives)
The Course is focused on the investment banking business as a group of services offered to corporate and institutional clients. The Course objective is the analysis of the main business areas under different points of view: deal structuring, processes followed during the transactions and roles played by the intermediary, the impact on the performance of the bank.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-16 - MAT-AZIEN - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201724 -
BANK MANAGEMENT
|
Also available in another semester or year
|
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
|
Also available in another semester or year
|
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
|
Also available in another semester or year
|
21210101 -
FINANCIAL SERVICES STRATEGIES
(objectives)
The course aims at opening the black box of managerial decisions connected with the strategy making process in the financial services industry nowadays. This main goal is pursued with lectures, seminars, case discussions and project works. By the end of this course students should be able to understand the main competitive strategies of traditional and new suppliers in the financial services industry, at corporate and at business areas level. Lectures and seminars are carried out by Professor Previati, Dr. Francesco Masala (Italian Banking Association) and other academics and practitioners. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21201735 -
Insurance and Pensione Funds
|
Also available in another semester or year
|
21210100 -
INTERNATIONAL FINANCIAL MARKETS
|
Also available in another semester or year
|
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
|
Also available in another semester or year
|
21201477 -
RISK AND ACCOUNTING
|
Also available in another semester or year
|
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
(objectives)
The main objectives of the course are: (i) to develop knowledge to define, measure and manage the main types of risks faced by banks; (ii) to analyze the constraints deriving from regulation to the risk measurement procedure and capital quantification; (iii) to analyze and evaluate the creation of value.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
|
Also available in another semester or year
|
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201494 -
FINANCIAL MATHEMATICS
(objectives)
The course aims to set the logical foundations of financial evaluation, to provide the basics for the markets’ formalization and for the measurement of the value and risk of financial contracts, to introduce the evaluation of traditional insurance contracts.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-16 - AZIENDALE - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201477 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-16 MAT-STAT-INF - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
(objectives)
The course has the objective of providing basic foundations for portfolio selection, real estate investments, and derivative contracts valuation.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-16 - MAT-AZIEN - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201724 -
BANK MANAGEMENT
(objectives)
Course Aims • to introduce basic concepts that relate to the traditional business of banking • to examine the recent trends and developments in domestic and international banking • to provide students with an understanding of banks’ accounts and financial ratios analysis • to examine the most important banking risks and their management • to construct coherent arguments concerning the need for financial regulation • to provide students with an understanding of the importance and role of technology and financial innovation for modern banks
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
6
|
SECS-S/06
|
40
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210101 -
FINANCIAL SERVICES STRATEGIES
|
Also available in another semester or year
|
21201735 -
Insurance and Pensione Funds
(objectives)
The aim of the course is to provide students with the theoretical foundations of calculation in life insurance, with particular reference to premiums, mathematical reserves and the insurance profit, and with the theoretical bases for understanding pension models. Students will also be able to use a spreadsheet (Excel) to solve concrete cases.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210100 -
INTERNATIONAL FINANCIAL MARKETS
(objectives)
This course aims to provide an overview of the nature and operation of international financial markets and their traded instruments. Students are introduced to the organisation of the international financial system, the markets for foreign exchanges, stocks, bonds, commodities and derivatives, and the risks and opportunities offered in these markets and systems. The course prepares students with essential knowledge for their future career in business, especially in the financial sector.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201477 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
|
Also available in another semester or year
|
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
(objectives)
The course has the objective of providing basic foundations for portfolio selection, real estate investments, and derivative contracts valuation.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
|
Optional Group:
FINANZA - DIRITTO E FINANZA- Tirocinio - LM-16 - (show)
|
6
|
|
|
|
|
|
|
|
21210075 -
INTERNSHIP
|
6
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210076 -
INTERNSHIP I
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210077 -
INTERNSHIP II
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
|
21210081 -
FINAL EXAM
|
9
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ITA |
Diritto e Finanza con tirocinio / LM-77
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201717 -
MONETARY POLICY AND FINANCIAL MARKETS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling. The course is divided into three parts. In the first one the main models of monetary theory are examined, aiming at investigating the role and functioning of the demand and supply of money. The second part analyzes the objectives, instruments and transmission mechanisms of monetary policy, in the light of the main economic theories. The third part analyzes the interactions between the functioning of financial markets and the transmission mechanisms of monetary policy, focusing on the empirical cases of the financial crisis of 2007-2008 and its economic and monetary impact, the euro crisis in 2011 and the current volatility of the financial markets.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210117 -
PUBLIC FINANCE
(objectives)
The aim of the course is to provide the analytical tools and the necessary knowledge to understand and assess the problems raised by the public intervention in the economy, as well as by the collective choices. The allocative, distributive and macroeconomic consequences of the main tools will also be analysed. Particular attention is paid to the economic analysis of taxes and at the structure of the Italian tax system.
|
3
|
SECS-P/03
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/03
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ITA |
21201485 -
FINANCIAL MARKET LAW
(objectives)
The purpose of the course is to provide exhaustive knowledge of financial intermediaries, markets and the supervisory agency and, particularly, the following matters: financial markets laws; solicitation to the public; services and investment firms; institutional investors; company listed shares rules; controls on the securities market.
|
9
|
IUS/05
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210039 -
COMMERCIAL LAW - ADVANCED COURSE
(objectives)
The purpose of the course is to provide exhaustive knowledge and comprehension skills of the Italian system of bankruptcy proceedings. Bankrupcty Law studies the laws regulating business crisis and insolvency.
|
9
|
IUS/04
|
60
|
-
|
-
|
-
|
Elective activities
|
ITA |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210127 -
STATISTICS
(objectives)
Statistics is a compulsory course aimed at introducing the basic techniques for the analysis of statistical data. Topics taught include displaying and describing data, basic probability theory and statistical inference. Attention will be focused on applications to business and economics.
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
DIRITTO E FINANZA Idoneità lingua - LM-77 - (show)
|
6
|
|
|
|
|
|
|
|
|
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201486 -
FINANCIAL INTERMEDIATION AND MARKETS
(objectives)
The Course aims to provide the basic knowledge for study of financial systems, observing the following main components: instruments, markets and financial intermediaries. It is the first economic-business learning step on these aspects.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201542 -
CORPORATE AND INVESTMENT BANKING
(objectives)
The Course is focused on the investment banking business as a group of services offered to corporate and institutional clients. The Course objective is the analysis of the main business areas under different points of view: deal structuring, processes followed during the transactions and roles played by the intermediary, the impact on the performance of the bank.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-77 - MAT-AZIEN - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201724 -
BANK MANAGEMENT
|
Also available in another semester or year
|
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
|
Also available in another semester or year
|
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
|
Also available in another semester or year
|
21210101 -
FINANCIAL SERVICES STRATEGIES
(objectives)
The course aims at opening the black box of managerial decisions connected with the strategy making process in the financial services industry nowadays. This main goal is pursued with lectures, seminars, case discussions and project works. By the end of this course students should be able to understand the main competitive strategies of traditional and new suppliers in the financial services industry, at corporate and at business areas level. Lectures and seminars are carried out by Professor Previati, Dr. Francesco Masala (Italian Banking Association) and other academics and practitioners. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21201735 -
Insurance and Pensione Funds
|
Also available in another semester or year
|
21210100 -
INTERNATIONAL FINANCIAL MARKETS
|
Also available in another semester or year
|
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
|
Also available in another semester or year
|
21201477 -
RISK AND ACCOUNTING
|
Also available in another semester or year
|
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
(objectives)
The main objectives of the course are: (i) to develop knowledge to define, measure and manage the main types of risks faced by banks; (ii) to analyze the constraints deriving from regulation to the risk measurement procedure and capital quantification; (iii) to analyze and evaluate the creation of value.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
|
Also available in another semester or year
|
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201494 -
FINANCIAL MATHEMATICS
(objectives)
The course aims to set the logical foundations of financial evaluation, to provide the basics for the markets’ formalization and for the measurement of the value and risk of financial contracts, to introduce the evaluation of traditional insurance contracts.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO - LM-77 - AZIENDALE - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201477 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-77 - STAT-MAT - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
(objectives)
The course has the objective of providing basic foundations for portfolio selection, real estate investments, and derivative contracts valuation.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
Optional Group:
Diritto e Finanza Orientamento unico 2 ANNO LM-77 - MAT-AZIEN - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21201724 -
BANK MANAGEMENT
(objectives)
Course Aims • to introduce basic concepts that relate to the traditional business of banking • to examine the recent trends and developments in domestic and international banking • to provide students with an understanding of banks’ accounts and financial ratios analysis • to examine the most important banking risks and their management • to construct coherent arguments concerning the need for financial regulation • to provide students with an understanding of the importance and role of technology and financial innovation for modern banks
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
6
|
SECS-S/06
|
40
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210101 -
FINANCIAL SERVICES STRATEGIES
|
Also available in another semester or year
|
21201735 -
Insurance and Pensione Funds
(objectives)
The aim of the course is to provide students with the theoretical foundations of calculation in life insurance, with particular reference to premiums, mathematical reserves and the insurance profit, and with the theoretical bases for understanding pension models. Students will also be able to use a spreadsheet (Excel) to solve concrete cases.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210100 -
INTERNATIONAL FINANCIAL MARKETS
(objectives)
This course aims to provide an overview of the nature and operation of international financial markets and their traded instruments. Students are introduced to the organisation of the international financial system, the markets for foreign exchanges, stocks, bonds, commodities and derivatives, and the risks and opportunities offered in these markets and systems. The course prepares students with essential knowledge for their future career in business, especially in the financial sector.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21201450 -
ACCOUNTING PRINCIPLES AND FINANCIAL REPORTS
(objectives)
To give students advanced knowledge of Financial Accounting according to International Accounting Standards issued by IASB. A link between accounting and risk is also analysed and the importance of disclosure is highlighted.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201477 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21210109 -
RISK MANAGEMENT AND VALUE CREATION IN BANKING
|
Also available in another semester or year
|
21201499 -
DERIVATIVES AND PORTFOLIO THEORY
(objectives)
The course has the objective of providing basic foundations for portfolio selection, real estate investments, and derivative contracts valuation.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733 -
Financial valuation and risk management
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
|
21201733-3 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733-1 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
4,5
|
SECS-S/06
|
30
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
21201733-2 -
VALUTAZIONE FINANZIARIA E GESTIONE DEL RISCHIO
(objectives)
The course is aimed to provide the students with the fundamental aspects of financial valuation and risk management. More specifically, - financial valuation methods and models - principles and strategies for semi-deterministic and stochastic financial immunization - risk measures for the maximum potential loss, also in the context of banking and insurance regulation and supervision, are discussed.
|
1,5
|
SECS-S/06
|
10
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
|
Optional Group:
FINANZA - DIRITTO E FINANZA Tirocinio - LM-77 - (show)
|
6
|
|
|
|
|
|
|
|
21210075 -
INTERNSHIP
|
6
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210076 -
INTERNSHIP I
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210077 -
INTERNSHIP II
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
|
21210081 -
FINAL EXAM
|
9
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ITA |
Finance with internship / LM-16
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210094 -
COMPARING FINANCIAL SYSTEMS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210120 -
ECONOMIC GROWTH AND WELFARE SYSTEMS
|
3
|
SECS-P/02
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/02
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ENG |
21210097 -
STATISTICS FOR FINANCE
(objectives)
The goal of the course is to provide to participants with a basic knowledge of modern time series econometrics with applications to financial data attention will be devoted to: - univariate models (ARMA) - integration in time series - SARIMA model - Forecasting - specific models to account for volatility (ARCH, GARCH)
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210095 -
EUROPEAN BANKING AND FINANCIAL LAW
(objectives)
In recent decades, the volume of EU legislation on financial law has increased exponentially. Banks, insurers, pension funds, investment firms and other financial institutions all are increasingly subject to European regulatory rules, as are day to day financial transactions. Serving as a comprehensive and authoritative introduction to European banking and financial law, the course is organized around the three economic themes that are central to the financial industry: (i) financial markets; (ii) financial institutions; and (iii) financial transactions. It covers not only regulatory law, but also commercial law that is relevant for the most important financial transactions.
|
9
|
IUS/05
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
6
|
SECS-S/06
|
40
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210098 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210104 -
EUROPEAN LANGUAGE
|
6
|
|
80
|
-
|
-
|
-
|
Other activities
|
ENG |
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201722 -
RISK MANAGEMENT IN BANKING
(objectives)
The course aims at analysing the problems connected with both the financial and the non-financial management of banks. Namely, this analysis is carried out along the following streams: The role and peculiarities of risk management in financial institutions. The objectives, applications and technical features of risk measurement and management models: interest rate risk, market risk, liquidity risk, credit risk and operational risk. Capital regulation: recent evolution and problems posed by the recent financial crisis. Capital management and the process of value creation in financial institutions. Supervisory policies on financial and insurance institutions, with a focus on internal controls and organizational and capital adequacy. By the end of this course you should be able to: Evaluate the impact of the main strategies on the shareholder value creation of modern global banks Be aware of the main banking risk measurement techniques Critically evaluate the application of the main risk management techniques in banking Understand the main capital allocation methods within modern banks Comprehend why banks need regulation and distinguish between the different types of regulation.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Optional Group:
FINANCE 2 ANNO LM-16 - ATTIVITA' AFFINI - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21210100 -
INTERNATIONAL FINANCIAL MARKETS
|
Also available in another semester or year
|
21210101 -
FINANCIAL SERVICES STRATEGIES
(objectives)
The course aims at opening the black box of managerial decisions connected with the strategy making process in the financial services industry nowadays. This main goal is pursued with lectures, seminars, case discussions and project works. By the end of this course students should be able to understand the main competitive strategies of traditional and new suppliers in the financial services industry, at corporate and at business areas level. Lectures and seminars are carried out by Professor Previati, Dr. Francesco Masala (Italian Banking Association) and other academics and practitioners. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21210102 -
FINANCIAL VALUATION AND RISK MANAGEMENT
|
Also available in another semester or year
|
21210103 -
QUANTITATIVE FINANCE AND DERIVATIVES
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201724 -
BANK MANAGEMENT
(objectives)
Course Aims • to introduce basic concepts that relate to the traditional business of banking • to examine the recent trends and developments in domestic and international banking • to provide students with an understanding of banks’ accounts and financial ratios analysis • to examine the most important banking risks and their management • to construct coherent arguments concerning the need for financial regulation • to provide students with an understanding of the importance and role of technology and financial innovation for modern banks
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210099 -
FINANCIAL MODELING
(objectives)
The course objective is to educate students about the MATLAB language and development environment, for programming, numerical calculation and visualization applied to financial problems. The rule of Computational Finance is becoming increasingly important in the financial industry, both for the modeling and analysis phase, as well as for the decision-making phase. Many models used in practice are formulated via complex mathematical problems, for which an exact or a closed-form solution could not be obtained. Consequently, computational techniques and specific numerical algorithms are required to solve such cases. Over the duration of the Course, we attempt to integrate the understanding of theoretical with their practical use. The application of quantitative financial models will be used to simplify the comprehension of some mathematical and statistical concepts and to learn the main computational techniques, which are useful to deal with a wide range of financial problems, such as portfolio optimization, risk management and derivatives pricing. Therefore, this course is not only suitable for university students, but also for professionals who want to deepen their knowledge and understanding of the quantitative financial models explored in this course.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Optional Group:
FINANCE 2 ANNO LM-16 - ATTIVITA' AFFINI - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
|
21210091 -
FREE CHOICE COURSE
|
9
|
|
60
|
-
|
-
|
-
|
Elective activities
|
ENG |
Optional Group:
Finance Internship - LM-16 - (show)
|
6
|
|
|
|
|
|
|
|
21210078 -
INTERNSHIP
|
6
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210079 -
INTERNSHIP I
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210080 -
INTERNSHIP II
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
|
21210093 -
FINAL THESIS
|
9
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ENG |
Finance with internship / LM-77
FIRST YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210094 -
COMPARING FINANCIAL SYSTEMS
(objectives)
1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling.
|
9
|
SECS-P/02
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210120 -
ECONOMIC GROWTH AND WELFARE SYSTEMS
|
3
|
SECS-P/02
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
6
|
SECS-P/02
|
40
|
-
|
-
|
-
|
Attività formative affini ed integrative
|
|
ENG |
21210097 -
STATISTICS FOR FINANCE
(objectives)
The goal of the course is to provide to participants with a basic knowledge of modern time series econometrics with applications to financial data attention will be devoted to: - univariate models (ARMA) - integration in time series - SARIMA model - Forecasting - specific models to account for volatility (ARCH, GARCH)
|
9
|
SECS-S/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21210095 -
EUROPEAN BANKING AND FINANCIAL LAW
(objectives)
In recent decades, the volume of EU legislation on financial law has increased exponentially. Banks, insurers, pension funds, investment firms and other financial institutions all are increasingly subject to European regulatory rules, as are day to day financial transactions. Serving as a comprehensive and authoritative introduction to European banking and financial law, the course is organized around the three economic themes that are central to the financial industry: (i) financial markets; (ii) financial institutions; and (iii) financial transactions. It covers not only regulatory law, but also commercial law that is relevant for the most important financial transactions.
|
9
|
IUS/05
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210096 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
|
21210096-1 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
6
|
SECS-S/06
|
40
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210096-2 -
FINANCIAL AND ACTUARIAL SCIENCES
(objectives)
The course is structured in two modules: Financial Sciences and Actuarial Sciences. The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging. The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
|
3
|
SECS-S/06
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21210098 -
RISK AND ACCOUNTING
(objectives)
The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented. This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks. In this view the purpose of the course is to assist students in analysis the financial of information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed.
|
9
|
SECS-P/07
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210104 -
EUROPEAN LANGUAGE
|
6
|
|
80
|
-
|
-
|
-
|
Other activities
|
ENG |
SECOND YEAR
First semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201722 -
RISK MANAGEMENT IN BANKING
(objectives)
The course aims at analysing the problems connected with both the financial and the non-financial management of banks. Namely, this analysis is carried out along the following streams: The role and peculiarities of risk management in financial institutions. The objectives, applications and technical features of risk measurement and management models: interest rate risk, market risk, liquidity risk, credit risk and operational risk. Capital regulation: recent evolution and problems posed by the recent financial crisis. Capital management and the process of value creation in financial institutions. Supervisory policies on financial and insurance institutions, with a focus on internal controls and organizational and capital adequacy. By the end of this course you should be able to: Evaluate the impact of the main strategies on the shareholder value creation of modern global banks Be aware of the main banking risk measurement techniques Critically evaluate the application of the main risk management techniques in banking Understand the main capital allocation methods within modern banks Comprehend why banks need regulation and distinguish between the different types of regulation.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Optional Group:
FINANCE 2 ANNO LM-77 - ATTIVITA' AFFINI - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
21210100 -
INTERNATIONAL FINANCIAL MARKETS
|
Also available in another semester or year
|
21210101 -
FINANCIAL SERVICES STRATEGIES
(objectives)
The course aims at opening the black box of managerial decisions connected with the strategy making process in the financial services industry nowadays. This main goal is pursued with lectures, seminars, case discussions and project works. By the end of this course students should be able to understand the main competitive strategies of traditional and new suppliers in the financial services industry, at corporate and at business areas level. Lectures and seminars are carried out by Professor Previati, Dr. Francesco Masala (Italian Banking Association) and other academics and practitioners. The assessment is based on project works and oral test.
|
9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ENG |
21210102 -
FINANCIAL VALUATION AND RISK MANAGEMENT
|
Also available in another semester or year
|
21210103 -
QUANTITATIVE FINANCE AND DERIVATIVES
|
Also available in another semester or year
|
|
Second semester
Course
|
Credits
|
Scientific Disciplinary Sector Code
|
Contact Hours
|
Exercise Hours
|
Laboratory Hours
|
Personal Study Hours
|
Type of Activity
|
Language
|
21201724 -
BANK MANAGEMENT
(objectives)
Course Aims • to introduce basic concepts that relate to the traditional business of banking • to examine the recent trends and developments in domestic and international banking • to provide students with an understanding of banks’ accounts and financial ratios analysis • to examine the most important banking risks and their management • to construct coherent arguments concerning the need for financial regulation • to provide students with an understanding of the importance and role of technology and financial innovation for modern banks
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9
|
SECS-P/11
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
21210099 -
FINANCIAL MODELING
(objectives)
The course objective is to educate students about the MATLAB language and development environment, for programming, numerical calculation and visualization applied to financial problems. The rule of Computational Finance is becoming increasingly important in the financial industry, both for the modeling and analysis phase, as well as for the decision-making phase. Many models used in practice are formulated via complex mathematical problems, for which an exact or a closed-form solution could not be obtained. Consequently, computational techniques and specific numerical algorithms are required to solve such cases. Over the duration of the Course, we attempt to integrate the understanding of theoretical with their practical use. The application of quantitative financial models will be used to simplify the comprehension of some mathematical and statistical concepts and to learn the main computational techniques, which are useful to deal with a wide range of financial problems, such as portfolio optimization, risk management and derivatives pricing. Therefore, this course is not only suitable for university students, but also for professionals who want to deepen their knowledge and understanding of the quantitative financial models explored in this course.
|
9
|
SECS-S/06
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ENG |
Optional Group:
FINANCE 2 ANNO LM-77 - ATTIVITA' AFFINI - UN ESAME A SCELTA TRA: - (show)
|
9
|
|
|
|
|
|
|
|
|
21210091 -
FREE CHOICE COURSE
|
9
|
|
60
|
-
|
-
|
-
|
Elective activities
|
ENG |
Optional Group:
Finance Internship - LM-77 - (show)
|
6
|
|
|
|
|
|
|
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21210078 -
INTERNSHIP
|
6
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210079 -
INTERNSHIP I
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
21210080 -
INTERNSHIP II
|
3
|
|
-
|
-
|
-
|
-
|
Per stages e tirocini presso imprese, enti pubblici o privati, ordini professionali (art.10, comma 5, lettera e)
|
ITA |
|
21210093 -
FINAL THESIS
|
9
|
|
-
|
-
|
-
|
-
|
Final examination and foreign language test
|
ENG |