FINANCIAL MARKETS AND INSTITUTIONS

Course Sheet

Course code:

GIF12

Academic Year of enrolment:

2017

Year of supply:

2019/2020

Divisions:

Cognomi A-D

Type of Course:

Characterising

Degree:

Course of 1st Cycle Degree in MANAGEMENT AND ECONOMICS

Disciplinary Sector:

Economics of Financial Intermediaries

Is part of:

FINANCIAL MARKETS AND INSTITUTIONS

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

BIRINDELLI GIULIANA

Cycle:

Second semester

Hours of classroom activity:

Individual study hours:

153

Prerequisites:

Preparatory courses are not required. However, knowledge of the basic concepts of Management and Business Administration is recommended.

Objectives

The course pursues the general objective of the core curriculum to provide knowledge and skills on the functions of companies operating in different sectors. In particular, the course aims at analyzing the theoretical background and the functional characteristics of financial institutions. In particular, it focuses on their management, riskiness, profitability, and relations with financial markets. Such analysis profiles are framed in the context of the financial structure of the economy and regulations on the different categories of intermediaries.
Expected learning outcomes:
At the end of the course students will be able to know the theory underlying the functioning of financial intermediaries and markets and to acquire specialist skills necessary to operate within banks, insurance companies and other financial intermediaries, as well as in financial areas of companies. In order to contribute to the training of professional figures envisaged in the core management, students will be able to hold positions that require knowledge on risk management, on the lending activity, on the management of liquidity in financial intermediaries. Students will also be able to address financial decisions in contexts characterized by an increasingly rapid regulatory evolution.
The objectives of the course aim at transmitting to the students the knowledge/skills necessary:
- to recognize the peculiarities of the management of each type of financial institution;
- to select financial instruments/products with respect to financing /risk coverage needs;
- to read bank balance sheet in terms of economic, financial and equity conditions;
- to recognize the accounting items related to prudential supervision in bank financial statements.
To this end, the course aims at transmitting the following skills and knowledge in terms of particular objectives:
KNOWLEDGE AND UNDERSTANDING ABILITY
- to distinguish the different nature, activity and functioning of the intermediaries;
- to distinguish the different nature and purpose of the financial instruments;
- to recognize in the bank financial statements the accounting items related to prudential supervision.
APPLIED KNOWLEDGE AND UNDERSTANDING ABILITY
- to apply the learned knowledge to real cases and to identify the most appropriate solutions to concrete problems concerning the functioning of financial markets and institutions.

AUTONOMY OF JUDGMENT:
- to read bank balance sheet by taking critical considerations on economic, financial and equity conditions;
- to read information sheets by drawing critical considerations on the economic conditions of the loans;
- to read financial market regulations by drawing critical considerations on the risk-return conditions of negotiated instruments
COMMUNICATION SKILLS
- to express, with appropriate technical language, analytical and synthetic considerations on the fundamental aspects of the course also through interdisciplinary links.

ABILITY TO LEARN
- to carry out individual and group research on specific aspects of the course;
- to compare acquired skills with the most recent trends
(usable tools: in-depth texts, Banca d’Italia publications for updates)

Contents

The course aims at analyzing the theoretical background and the functional characteristics of financial institutions. A summary of the contents is the following:
- Functions of the financial system;
- Financial structure of the economy;
- European Central Bank and monetary policy;
- Regulations and supervision of the financial system;
- Functions and structure of the financial markets;
- Banks: functions, regulations, and management;
- Other financial institutions: securities and investment companies, leasing companies, factoring companies, consumer credit companies, mutual funds, insurance companies, pension funds;
- Risk management in banks: Basel 2 and Basel 3.

Extended Syllabus

- Functions of the financial system;
- Financial structure of the economy;
- European Central Bank and monetary policy;
- Regulations and supervision of the financial system;
- Functions and structure of the financial markets;
- Banks: functions, regulations, and management;
- Other financial institutions: securities and investment companies, leasing companies, factoring companies, consumer credit companies, mutual funds, insurance companies, pension funds;
- Risk management in banks: Basel 2 and Basel 3.

Recommended Bibliography

G. Forestieri, P. Mottura (2017), Il sistema finanziario, Egea, Milano: capp. 1, 2, 3, 5, 6.1, 7, 8, 9, 10, 12.
R. Ruozi (2016), Economia della banca, Egea, Milano: capp. 1, 2, 6, 7, 15, 16.

Teaching Methods

Lessons will be carried out on the basis of the following teaching methods:
- Frontal Lectures
- Newspaper reading
- Case studies
- Seminars held by bank operators
The attendance is highly recommended.

Evaluation methods

Verification of learning:

The evaluation of the level of student learning will be carried out by an oral exam (vote in thirtieths). It aims at evaluating on one hand the communicative skills, the technical language and the expository clarity, on the other the knowledge and competences covered by the formative objectives to be assessed.

At the request of the students, written exams can be carried out in itinere according to “L’Ascolto” model. In this case, each test will consist of 30 questions (multiple choice), including some exercises, aimed at verifying the understanding of the theoretical and application topics covered in the course. If each test will be passed (with a score of at least 18/30), the students can also take the oral exam to improve her/his grade.

Finally, at the request of the students, it will be possible to organize working groups that, at the end of the course, will present a case study drawn from the banking/financial landscape. Following the assessment of the ability to learn, a maximum score of 2/30 can be assigned.

Contacts/More Information

All the students can consult the teaching material on the e-learning platform.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree