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 |
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First semester | Oct 4, 2010 | Dec 22, 2010 |
Second semester | Feb 21, 2011 | May 25, 2011 |
Session | From | To |
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Winter session | Jan 10, 2011 | Feb 19, 2011 |
Summer session | May 30, 2011 | Jul 9, 2011 |
Autumn session | Aug 29, 2011 | Sep 24, 2011 |
Session | From | To |
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Autumn session | Nov 25, 2010 | Nov 26, 2010 |
Winter session | Apr 18, 2011 | Apr 21, 2011 |
Summer session | Jul 7, 2011 | Jul 8, 2011 |
Period | From | To |
---|---|---|
All Saints | Nov 1, 2010 | Nov 1, 2010 |
National holiday | Dec 8, 2010 | Dec 8, 2010 |
Christmas holidays | Dec 22, 2010 | Jan 6, 2011 |
Easter holidays | Apr 22, 2011 | Apr 26, 2011 |
National holiday | Apr 25, 2011 | Apr 25, 2011 |
Labour Day | May 1, 2011 | May 1, 2011 |
Local holiday | May 21, 2011 | May 21, 2011 |
National holiday | Jun 2, 2011 | Jun 2, 2011 |
Summer holidays | Aug 8, 2011 | Aug 15, 2011 |
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.
Academic staff
Berardi Andrea
andrea.berardi@univr.it 045 8425452Centanni Silvia
silvia.centanni@univr.it 045 8425460Roventini Andrea
andrea.roventini@univr.itStudy 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
Modules | Credits | TAF | SSD |
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2° Year activated in the A.Y. 2011/2012
Modules | Credits | TAF | SSD |
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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 (2010/2011)
Teaching code
4S01946
Teacher
Coordinator
Credits
9
Language
Italian
Scientific Disciplinary Sector (SSD)
SECS-S/06 - MATHEMATICAL METHODS OF ECONOMICS, FINANCE AND ACTUARIAL SCIENCES
Period
Second semester dal Feb 21, 2011 al May 25, 2011.
Learning outcomes
The course introduces the the basic principles of financial economics and the basic computational and quantitative methods required to manage and evaluate financial securities in the presence of risk and uncertainty. The first part is devoted to the discussion of the principle of absence of arbitrage opportunities and to the risk neutral valuation approach. The first and second fundamental theorem of asset pricing are discussed and their use is practically exemplified in the analysis of financial markets and of firms' capital structure decisions. In the second part of the course the focus is on decision theory and on the representation of agents' preferences using the expected utility maximization procedure in a static and dynamic framework. In the dynamic framework the Bellman Optimality Principle is introduced and applied to the valuation of financial securities and to the analysis of intertemporal investment and consumption choices.
Program
ARBITRAGE AND FINANCIAL VALUATION
(a) Linear factor models. The CAPM (Capital Asset Pricing Model) as a factor model. Market efficiency and theory of valuation based on the absence of arbitrage opportunities. Relationship between market equilibrium and arbitrage. Ross formulation of APT (Arbitrage Pricing Theory). Statistics and data. Empirical tests of the CAPM and the APT. Roll's critique. Fama and French model.
(b) The absence of arbitrage opportunities and risk neutral valuation. The one period model with a finite number of states of nature. State prices. First and Second Fundamental Theorems of Finance. An application to financial markets: simplified model of contingent claims valuation. An application to the modern theory of capital structure: Modigliani-Miller's Theorems. The relationship between the Modigliani-Miller model and the CAPM.
FINANCIAL DECISION MAKING UNDER UNCERTAINTY
(a) Single-period models. Utility functions. Von Neumann Morgenstern Preference Representation Theorem. Expected utility and paradoxes. Absolute and relative risk aversion . Expected utility maximization criterion for the optimal investment choice.
(b) Multi-period models. Basic stochastic calculus. Conditional expectation in a discrete framework. Stopping times. Markov processes. The Bellman's optimality principle. An application to financial valuation: options with american exercise type. An application to the consumption-investment choice: CCAPM (Consumption Capital Asset Pricing Model). Financial implications of the CCAPM optimality conditions.
Examination Methods
Compulsory written class test and optional oral exam.
Type D and Type F activities
Modules not yet included
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 also via the Univr app.
Graduation
List of thesis proposals
theses proposals | Research area |
---|---|
Tesi di laurea magistrale - Tecniche e problemi aperti nel credit scoring | Statistics - Foundational and philosophical topics |
I covered bond | 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 |
Linguistic training CLA
Gestione carriere
Internships
The curriculum of the three-year degree courses (CdL) and master's degree courses (CdLM) in the economics area includes an internship as a compulsory training activity. Indeed, the internship is considered an appropriate tool for acquiring professional skills and abilities and for facilitating the choice of a future professional outlet that aligns with one's expectations, aptitudes, and aspirations. The student can acquire further competencies and interpersonal skills through practical experience in a work environment.
Student login and resources
Modalità di frequenza, erogazione della didattica e sedi
Le lezioni di tutti gli insegnamenti del corso di studio, così come le relative prove d’esame, si svolgono in presenza.
Peraltro, come ulteriore servizio agli studenti, è altresì previsto che tali lezioni siano videoregistrate e che le videoregistrazioni vengano messe a disposizione sui relativi spazi e-learning degli insegnamenti, salvo diversa comunicazione del singolo docente.
La frequenza non è obbligatoria.
Maggiori dettagli in merito all'obbligo di frequenza vengono riportati nel Regolamento del corso di studio disponibile alla voce Regolamenti nel menu Il Corso. Anche se il regolamento non prevede un obbligo specifico, verifica le indicazioni previste dal singolo docente per ciascun insegnamento o per eventuali laboratori e/o tirocinio.
È consentita l'iscrizione a tempo parziale. Per saperne di più consulta la pagina Possibilità di iscrizione Part time.
Le sedi di svolgimento delle lezioni e degli esami sono le seguenti