Teaching code

4S006068

Academic staff

Emanuele Maria Carluccio, Laura Chiaramonte

Coordinatore

Emanuele Maria Carluccio

Credits

9

Language

Italian

Scientific Disciplinary Sector (SSD)

SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS

Period

primo semestre (lauree magistrali) dal Oct 5, 2020 al Dec 23, 2020.

Lessons timetable Moodle Seminars

Learning outcomes

In the first part, the course focuses on the valuation of bonds (both government and corporate), first at the level of individual bond and then at the aggregate portfolio level, in order to appreciate the main management policies, passive and active, of portfolios composed by bonds only and by bonds and derivatives. In the second part, the course deals with the equity evaluation criteria and the way financial markets operate.

Program

1. The financial structure of government bonds
2. Return analysis of government bonds
3. Risk analysis of government bonds
4. Return and risk analysis at portfolio level
5. The benchmark related to government bonds
6. The passive management strategies for government bond portfolios
7. The active management strategies for government bond portfolios
8. The BUND futures
9. The management strategies related to government bonds + future contract portfolios
10. The floating rates government bonds analysis and evalutation
11. The corporate bonds analysis and evaluation
12. Risk/return analysis of stocks
13, Active and passive management strategies of stock portoflios
14. The benchmark related to the stock markets
15. The structure of the most important italian bond and equity markets (MOT, MTA-STAR, AIM)

Examination Methods

The exam will be organized in written format or with oral examination according to the number of people registered for the single exam session.
The online mode is, in any case, guaranteed for all students who request it in the academic year 2020/21.