First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
Course unit
EPP3050755, A.A. 2017/18

Information concerning the students who enrolled in A.Y. 2016/17

Information on the course unit
Degree course Second cycle degree in
SP1424, Degree course structure A.Y. 2014/15, A.Y. 2017/18
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Number of ECTS credits allocated 9.0
Type of assessment Mark
Course unit English denomination ECONOMICS OF FINANCIAL MARKETS
Department of reference Department of Economics and Management
E-Learning website
Mandatory attendance No
Language of instruction English
Single Course unit The Course unit CANNOT be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Teacher in charge FULVIO FONTINI SECS-P/01

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses SECS-P/01 Political Economy 9.0

Mode of delivery (when and how)
Period First semester
Year 2nd Year
Teaching method frontal

Organisation of didactics
Type of hours Credits Hours of
Hours of
Individual study
Lecture 9.0 63 162.0 No turn

Start of activities 02/10/2017
End of activities 19/01/2018

Examination board
Examination board not defined

Prerequisites: There are no prerequisites but a working knowledge of the main mathematical and statistical tools used in economics, such as constrained and unconstrained optimization, random variables, main descriptive statistics, and similarly.
Target skills and knowledge: The course aims at making students acquainted with the most important economic models of decision making under risk, and their applications to financial markets. Throughout the course students will tackle issues such as risk, decision making under risk, financial markets definitions and analysis, analysis of financial derivatives.
Examination methods: oral exam.
Assessment criteria: Those who attend lectures regularly will be asked to prepare and discuss an essay about one of the topic of the course.
Course unit contents: The course will be divided into four main arguments:
1)Introduction to risk and decision making under risk.
2) partial equilibrium models of decision making under risk
3) general equilibrium models of decision making under risk
4) financial derivatives, theory and applications

The following topics will be covered:
Introduction to choices under risk; optimal portfolio choices; efficiency and optimal allocation in financial markets; derivatives; financial and real options.
Planned learning activities and teaching methods: lectures and group works (optional)
Additional notes about suggested reading: hand-out from the lecturer. Bibliographic suggestions will be made available during the course. Optional textbook (not advised): Financial Economics, Eichberger and Harper, OUP, 1997.
Please contat the instructor for futher bibliographic advises for those who do not attend the couse
Textbooks (and optional supplementary readings)