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.

A.A. 2010/2011

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.

Academic calendar

Course calendar

The Academic Calendar sets out the degree programme lecture and exam timetables, as well as the relevant university closure dates..

Definition of lesson periods
Period From To
First semester Oct 4, 2010 Dec 22, 2010
Second semester Feb 21, 2011 May 25, 2011
Exam sessions
Session From To
Winter session Jan 10, 2011 Feb 19, 2011
Summer session May 30, 2011 Jul 9, 2011
Autumn session Aug 29, 2011 Sep 24, 2011
Degree sessions
Session From To
Autumn session Nov 25, 2010 Nov 26, 2010
Winter session Apr 18, 2011 Apr 21, 2011
Summer session Jul 7, 2011 Jul 8, 2011
Holidays
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.

Exam calendar

Should you have any doubts or questions, please check the Enrolment FAQs

Academic staff

B C D G L M P R

Berardi Andrea

andrea.berardi@univr.it 045 8425452

Bottiglia Roberto

roberto.bottiglia@univr.it 045 802 8224

Carluccio Emanuele Maria

emanuelemaria.carluccio@univr.it 045 802 8487

Centanni Silvia

silvia.centanni@univr.it 045 8425460

Chesini Giuseppina

giusy.chesini@univr.it 045 802 8495 (VR) -- 0444/393938 (VI)

De Mari Michele

michele.demari@univr.it 045 802 8226

Dongili Paola

paola.dongili@univr.it

Grossi Luigi

luigi.grossi@univr.it 045 802 8247

Lubian Diego

diego.lubian@univr.it 045 802 8419

Minozzo Marco

marco.minozzo@univr.it 045 802 8234

Pichler Flavio

flavio.pichler@univr.it 045 802 8273

Rossi Francesco

francesco.rossi@univr.it 045 8028067

Rutigliano Michele

michele.rutigliano@univr.it 0458028610

Study 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 enrolment year.

CURRICULUM TIPO:

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.




SPlacements in companies, public or private institutions and professional associations

Teaching code

4S01946

Credits

9

Scientific Disciplinary Sector (SSD)

SECS-S/06 - MATHEMATICAL METHODS OF ECONOMICS, FINANCE AND ACTUARIAL SCIENCES

Language

Italian

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.

Gestione carriere


Internships


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
Il metodo Monte Carlo per la valutazione di opzioni americane Various topics

Linguistic training CLA


Further services

I servizi e le attività di orientamento sono pensati per fornire alle future matricole gli strumenti e le informazioni che consentano loro di compiere una scelta consapevole del corso di studi universitario.