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.
Study Plan
This information is intended exclusively for students already enrolled in this course.If you are a new student interested in enrolling, you can find information about the course of study on the course page:
Laurea magistrale in International Economics and Business - Enrollment from 2025/2026The 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 It will be activated in the A.Y. 2025/2026
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Two modules among the followingOne module between the following| Modules | Credits | TAF | SSD |
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Two modules among the followingOne module between the following| 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.
International financial modelling (2024/2025)
Teaching code
4S008985
Teacher
Coordinator
Credits
6
Language
English
Scientific Disciplinary Sector (SSD)
SECS-S/06 - MATHEMATICAL METHODS OF ECONOMICS, FINANCE AND ACTUARIAL SCIENCES
Period
Primo semestre LM dal Sep 30, 2024 al Dec 23, 2024.
Courses Single
Authorized
Learning objectives
The course aims at providing the student with tools for the financial portfolio managing of companies operating in international markets. In particular the course will focus on: some basic concepts of the financial markets and specific features characterizing the international markets; some mathematical tools for capturing crucial relations among different financial instruments, with applications to risk hedging and to investments planning; some software tools for supporting the decision process. At the end of the course, the student should have to be aware of concepts which are fundamental for companies investing or seeking funding on international markets. For example she should have understood: the relationships between interest rates and exchange rates; the functioning of some derivatives on such rates; the types of risk inherent in domestic and foreign bonds and in the evaluation and management of an international company. Furthermore, the student should have to be able to apply principles and criteria, and to use mathematical and software tools for the assessment and the choice of financial opportunities.
Prerequisites and basic notions
There is no special prerequisite for this course.
Program
The course consists of the following modules:
1) A brief historical overview of monetary systems
2) A detailed overview of exchange rates: direct and indirect rates and arithmetics of exchange rates
3) Definition and examples of currency arbitrage
4) Definition and examples of currency risk: transaction risk, translation risk, economic risk
5) The relationship between exchange rates and interest rates
6) Financial tools to hedge currency risk: forward contracts, swap contracts, currency options
7) Pricing and hedging of currency forwards, swaps and options
Bibliography
Didactic methods
The prototypical lecture is based on the slides prepared by the lecturer and shared with the students, which constitute the main learning tool for the final examination. During the course the students will often be invited to participate in class in the form of open dialogues, typically triggered by concrete questions on the lecture topics. The goal is twofold. On the one side, to unfold and deepen the link with the previous courses. On the other side, to exercise critical thinking about the topic and its conceptual tools, highlighting their merits and limitations.
Learning assessment procedures
Closed-book exam with theory questions and numerical exercises.
Evaluation criteria
The final grade reflects the ability of the students to elaborate upon the main theoretical ideas discussed in the course and to solve simple arithmetical exercises featuring the calculation of exchange rates and the determination of cash flows associated with currency instruments and of arbitrage opportunities in currency markets.
Criteria for the composition of the final grade
The grade is expressed on a scale from 0 to 30 (18 to pass, 30 is the maximum).
Exam language
English
