ECONOMIA FINANZIARIA
(objectives)
A. OBJECTIVE. The goal of the course is to provide students with knowledge and understanding of the theoretical and practical tools that explain how the financial system works, as well as its interactions with the real economy, both at the macro- and micro-level, by focusing on the behavior of financial intermediaries in transferring funds from surplus units (savers) to deficit units (investors).
B. EXPECTED LEARNING OUTCOMES 1. KNOWLEDGE AND UNDERSTANDING Acquire knowledge and tools, both theoretical and practical, that allow students to understand theories of financial economics. Such knowledge will be acquired through frontal lectures supported by advanced textbooks and journal articles reading, and participation to thematic seminars.
2. APPLYING KNOWLEDGE AND UNDERSTANDING Students will be able to apply the acquired knowledge and methodology to practical examples in a way to assess the main concerns and opportunities of the modern financial system. Such skills will be developed mainly through exercises and an active debate in the classroom.
3. MAKING JUDGEMENTS Ability to identify and explain the relationships among the agents of the financial sector, as well as their interaction with the real side of the economy. Students will be able to identify, collect and interpret relevant data on the financial indicators, in connection with real variables, in order to i) provide a comparative analysis with respect to other economic indicators from a global perspective, and to ii) stimulate reflections on issues related to financial economics. Active discussions among students will be encouraged.
4. COMMUNICATIONS Students will acquire the ability to present the issues of the course with adequate language and appropriate analytical skills (formulae, graphics, and explanation of causal links). Such ability will be implemented through exercises. Students will be able to communicate with peers and supervisors about their understanding on basic topics of financial economics.
5. LEARNING SKILLS Students must be able to reconstruct autonomously the main notions of financial economics so that to undertake possible further studies with a high degree of autonomy.
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Teacher
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GAROFALO Giuseppe
(syllabus)
The first part of the course deals with the link between national accounting procedures and financial accounting.
The second part of the course examines the characteristics of the financial systems of the major countries and their links.
The third part of the course aims at defining from a theoretical point of view the choice of the operators: money savers / investors (portfolio choices), companies (financing decisions), intermediaries (provision and use of funds), public sector (budgetary policy), as well as at showing how their interaction affects pricing of financial assets.
The fourth part of the course examines financial performances from a global perspective, and the role played by national and international authorities.
Readings are available on the home page: http://193.205.144.19/dipartimenti/distateq/garofalo/Ecomonfin_Programma07-08.doc In the bottom of the page there are readings in English and a list of websites, starting from which it's possible to get an idea on the role of finance and the consequences for the functioning of the economic system. Student have to prepare a short but well-framed paper that addresses both the theoretical and empirical issues (especially comparisons between the financial systems of different countries and economic interventions by policy makers)
(reference books)
Readings are available on the home page: http://193.205.144.19/dipartimenti/distateq/garofalo/Ecomonfin_Programma07-08.doc In the bottom of the page there are readings in English and a list of websites, starting from which it's possible to get an idea on the role of finance and the consequences for the functioning of the economic system. Other material is available on the student portal at https://portalestudenti.unitus.it/Default.aspx
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Dates of beginning and end of teaching activities
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From to |
Delivery mode
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Traditional
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Attendance
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not mandatory
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