Studying at the University of Verona
Here you can find information on the organisational aspects of the Programme, lecture timetables, learning activities and useful contact details for your time at the University, from enrolment to graduation.
Academic calendar
The academic calendar shows the deadlines and scheduled events that are relevant to students, teaching and technical-administrative staff of the University. Public holidays and University closures are also indicated. The academic year normally begins on 1 October each year and ends on 30 September of the following year.
Course calendar
The Academic Calendar sets out the degree programme lecture and exam timetables, as well as the relevant university closure dates..
Period | From | To |
---|---|---|
Periodo generico | Oct 1, 2022 | May 31, 2023 |
Primo semestre (lauree magistrali) | Oct 3, 2022 | Dec 23, 2022 |
Secondo semestre (lauree magistrali) | Feb 20, 2023 | May 19, 2023 |
Session | From | To |
---|---|---|
Sessione invernale (lauree magistrali) | Jan 9, 2023 | Feb 17, 2023 |
Sessione estiva (lauree magistrali) | May 22, 2023 | Jul 7, 2023 |
Sessione autunnale (lauree magistrali) | Aug 28, 2023 | Sep 22, 2023 |
Session | From | To |
---|---|---|
Sessione autunnale | Dec 5, 2022 | Dec 7, 2022 |
Sessione invernale | Apr 4, 2023 | Apr 6, 2023 |
Sessione estiva | Sep 5, 2023 | Sep 7, 2023 |
Exam calendar
Exam dates and rounds are managed by the relevant Economics Teaching and Student Services Unit.
To view all the exam sessions available, please use the Exam dashboard on ESSE3.
If you forgot your login details or have problems logging in, please contact the relevant IT HelpDesk, or check the login details recovery web page.
Should you have any doubts or questions, please check the Enrollment FAQs
Academic staff
Santi Flavio
flavio.santi@univr.it 045 802 8239Study Plan
The Study Plan includes all modules, teaching and learning activities that each student will need to undertake during their time at the University.
Please select your Study Plan based on your enrollment year.
1° Year
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2° Year activated in the A.Y. 2023/2024
Modules | Credits | TAF | SSD |
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Modules | Credits | TAF | SSD |
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Legend | Type of training activity (TTA)
TAF (Type of Educational Activity) All courses and activities are classified into different types of educational activities, indicated by a letter.
Mathematical finance (2022/2023)
Teaching code
4S001142
Teacher
Coordinator
Credits
9
Language
Italian
Scientific Disciplinary Sector (SSD)
SECS-S/06 - MATHEMATICAL METHODS OF ECONOMICS, FINANCE AND ACTUARIAL SCIENCES
Period
Secondo semestre (lauree magistrali) dal Feb 20, 2023 al May 19, 2023.
Learning objectives
The course offers an introduction to arbitrage theory and its applications to financial derivatives pricing in discrete and continuous time.
Prerequisites and basic notions
Preparatory courses: Mathematics, Financial Mathematics, Stochastic processes
Important knowledge for a successful learning: matrix calculations, linear systems, real functions of one or more real variables (in particular: continuous functions, composition of functions, partial derivatives), basic concepts of financial mathematics (interest rate, return of an investment, difference between bonds and shares of a firm), fundamental concepts of probability theory (sigma algebra, random variables, expected values, covariance, space L ^ 2 of rv, independence, conditional probabilities and expected values, equivalent probability measures, probability density, distribution function, Gaussian law, convergence in distribution, in probability, in L ^ 2, almost certain equality), basic concepts on stochastic processes (martingale, Brownian motion)
Program
1. Discrete market models
Uniperiod models: binomial and general. Multiperiod models: binomial and general.
Financial portfolios, the principle of non-arbitrage.
Derivatives: definition, examples, properties.
Absence of arbitrage.
Discrete-time martingale processes
Equivalent martingale measures and risk neutrality.
Numeraire
Replicable securities and valuation of derivatives
Completeness of the markets
The return of risky securities
The two fundamental asset pricing theorems
2. Market models in continuous time
Transition from discret to continuous times.
Geometric Brownian motion and modeling of empirical data
Risk quantification with a model
Ito Integral Ito, quadratic variation / covariation,
stochastic differential equations, characterization of martingales
Ito Lemma
Market model with n + 1 assets and m Brownian motions
Self-financing portfolios
Absence of arbitrage
Girsanov's theorem
Equivalent martingale measure
Replicability and pricing of derivatives
Completeness and EDP for the price function of a derivative
Delta hedging
Black and Scholes model
Formula for the price of call and put options
Students not attending the lectures: the examination methods are not differentiated between attending and non-attending students
Bibliography
Didactic methods
Organization of teaching activities: lessons, exercises, quizzes during the course
Useful material on the moodle page of the course: slides of the lessons, link to the notes on OneNote, exercises
Skills necessary for successful learning: willingness and ability to conduct logical reasoning in a rigorous way, and to motivate each step and the conclusions
Learning assessment procedures
The exam consists of a written test and a series of 3 quizzes during the course. Also an oral examination could be compulsory, in case the teacher needs for specific insights
The final written test consists of practical exercises and theoretical questions, and can cover the whole programme of the course. Using notes or books or similar material during the tests is forbidden
The exam is not passed if the mark in the final written test is less than 18/30.
Evaluation criteria
Characteristics of the expected performance. The student is required to demonstrate a critical and in-depth knowledge of the topics covered in the course. The concepts must not be exposed mechanically but in a reasoned way, connections among different parts of the program may be required and exercises which are different form the ones solved during the lessons can be proposed.
The concise but comprehensive exposure, the rigor, the direct pointing towards the core of the matter will be particularly appreciated. Vague, inaccurate, poorly justified or incorrect answers will be penalized
Criteria for the composition of the final grade
The final exam mark is awarded considering the outcome of the final written test and adding the possible bonus cumulated with the quizzes.
In case the teacher call also to an oral exam, the mark may become insufficient if inconsistencies are found with what is written in the final test. The mark score may increase if parts of exercises have not been evaluated for doubt of interpretation.
Requests for further questions to increase the score are not accepted.
Exam language
Italiano
Type D and Type F activities
SOFT SKILLS
Find out more about the Soft Skills courses for Univr students provided by the University's Teaching and Learning Centre: https://talc.univr.it/it/competenze-trasversali
CONTAMINATION LAB
The Contamination Lab Verona (CLab Verona) is an experiential course with modules on innovation and enterprise culture that offers the opportunity to work in teams with students from all areas to solve challenges set by companies and organisations.
Upon completion of a CLab, students will be entitled to receive 6 CFU (D- or F-type credits).
Find out more: https://www.univr.it/clabverona
PLEASE NOTE: In order to be admitted to any teaching activities, including those of your choice, you must be enrolled in the academic year in which the activities in question are offered. Students who are about to graduate in the December and April sessions are therefore advised NOT to undertake extracurricular activities in the new academic year in which they are not enrolled, as these graduation sessions are valid for students enrolled in the previous academic year. Therefore, students who undertake an activity in an academic year in which they are not enrolled will not be granted CFU credits.
years | Modules | TAF | Teacher |
---|---|---|---|
1° 2° | Ciclo tematico di conferenze: “Conflitti. Riconoscere, prevenire, gestire” - 2022/2023 | D |
Riccardo Stacchezzini
(Coordinator)
|
1° 2° | Securitisation transactions - Focus on securitisations of OF NPL / NPE /UTP | D |
Michele De Mari
(Coordinator)
|
1° 2° | The Fashion Lab - 2022/23 | D |
Caterina Fratea
(Coordinator)
|
years | Modules | TAF | Teacher |
---|---|---|---|
1° 2° | Economic Thinking and Thesis Writing | D |
Marco Minozzo
(Coordinator)
|
1° 2° | Data Analysis Laboratory with R (Verona) | D |
Marco Minozzo
(Coordinator)
|
1° 2° | Data Visualization Laboratory | D |
Marco Minozzo
(Coordinator)
|
1° 2° | Python Laboratory | D |
Marco Minozzo
(Coordinator)
|
1° 2° | Data Science Laboratory with SAP | D |
Marco Minozzo
(Coordinator)
|
1° 2° | Advanced Excel Laboratory (Verona) | D |
Marco Minozzo
(Coordinator)
|
1° 2° | Excel Laboratory (Verona) | D |
Marco Minozzo
(Coordinator)
|
1° 2° | Laboratory on research methods for business | D |
Cristina Florio
(Coordinator)
|
1° 2° | Laboratory on research methods for business | D |
Cristina Florio
(Coordinator)
|
1° 2° | Piano di marketing 2022/23 | D |
Fabio Cassia
(Coordinator)
|
1° 2° | Programming in Mathlab | D |
Marco Minozzo
(Coordinator)
|
1° 2° | Programming in SAS | D |
Marco Minozzo
(Coordinator)
|
years | Modules | TAF | Teacher |
---|---|---|---|
1° 2° | Business & predictive analytics for International Firms (with Excel Applications) - 2022/23 | D |
Angelo Zago
(Coordinator)
|
1° 2° | Elements of Financial Risk Management - 2022/23 | D |
Claudio Zoli
(Coordinator)
|
1° 2° | Soft skills training for economics - 2022/23 | D |
Claudio Zoli
(Coordinator)
|
1° 2° | Topics in applied economics and finance - 2022/23 | D |
Claudio Zoli
(Coordinator)
|
1° 2° | Experience 3 Days as a Manager | D |
Riccardo Stacchezzini
(Coordinator)
|
years | Modules | TAF | Teacher |
---|---|---|---|
1° 2° | The Chartered Accountant as a business consultant | D |
Riccardo Stacchezzini
(Coordinator)
|
1° 2° | Integrated Financial Planning 2022/2023 | D |
Riccardo Stacchezzini
(Coordinator)
|
1° 2° | Introduction to Java programming | D |
Alessandro Gnoatto
(Coordinator)
|
1° 2° | Professional Communication for Economics 2022/2023 | D |
Claudio Zoli
(Coordinator)
|
years | Modules | TAF | Teacher |
---|---|---|---|
1° 2° | Project "B-EDUCATION: ideas that count" - 1 cfu | D |
Roberto Bottiglia
(Coordinator)
|
1° 2° | Project "B-EDUCATION: ideas that count" - 2 cfu | D |
Roberto Bottiglia
(Coordinator)
|
Career prospects
Module/Programme news
News for students
There you will find information, resources and services useful during your time at the University (Student’s exam record, your study plan on ESSE3, Distance Learning courses, university email account, office forms, administrative procedures, etc.). You can log into MyUnivr with your GIA login details: only in this way will you be able to receive notification of all the notices from your teachers and your secretariat via email and soon also via the Univr app.
Graduation
List of theses and work experience proposals
theses proposals | Research area |
---|---|
Tesi di laurea magistrale - Tecniche e problemi aperti nel credit scoring | Statistics - Foundational and philosophical topics |
Fattori ESG e valutazione d'azienda | Various topics |
Il metodo Monte Carlo per la valutazione di opzioni americane | Various topics |
Il Minimum Requirement for own funds and Eligible Liabilities (MREL) | Various topics |
L'acquisto di azioni proprie | Various topics |
Proposte Tesi A. Gnoatto | Various topics |