First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Engineering
ENGINEERING AND MANAGEMENT
Course unit
CORPORATE FINANCE
INL1000515, A.A. 2019/20

Information concerning the students who enrolled in A.Y. 2019/20

Information on the course unit
Degree course Second cycle degree in
ENGINEERING AND MANAGEMENT
IN0522, Degree course structure A.Y. 2008/09, A.Y. 2019/20
N0
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Number of ECTS credits allocated 6.0
Type of assessment Mark
Course unit English denomination CORPORATE FINANCE
Department of reference Department of Management and Engineering
Mandatory attendance No
Language of instruction Italian
Branch VICENZA
Single Course unit The Course unit can be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Lecturers
Teacher in charge LUCIA TREVISAN

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses ING-IND/35 Engineering and Management 6.0

Course unit organization
Period Second semester
Year 1st Year
Teaching method frontal

Type of hours Credits Teaching
hours
Hours of
Individual study
Shifts
Lecture 6.0 48 102.0 No turn

Calendar
Start of activities 02/03/2020
End of activities 12/06/2020
Show course schedule 2019/20 Reg.2008 course timetable

Examination board
Board From To Members of the board
10 2019 01/10/2019 15/03/2021 TREVISAN LUCIA (Presidente)
VINELLI ANDREA (Membro Effettivo)
FILIPPINI ROBERTO (Supplente)
9 2018 01/10/2018 15/03/2020 TREVISAN LUCIA (Presidente)
VINELLI ANDREA (Membro Effettivo)
FILIPPINI ROBERTO (Supplente)

Syllabus
Prerequisites: None
Target skills and knowledge: The course includes two parts. The first part presents the macroeconomic topics that affect the investment and financing choices of a company. In particular, it aims to understand how financial markets react to economic policies and the publication of macro data, by influencing the evolution of the international macroeconomic scenario and therefore also influencing the company itself. The second part focuses on the evaluation of financial risks (interest rate and exchange rate) in which a company incurs in its operating decisions. The case studies will enable students to use the appropriate tools to limit these risks.
Assessment criteria: The assessment will be based on the comprehension of all the topics developed during the course, on the acquisition of the proposed concepts and methodologies and on the ability to apply them in an autonomous and conscious way, also in the analysis and discussion of case studies.
Course unit contents: FIRST PART . Macroeconomic topics that affect the financial choices of a company
1. Financial markets: money, capital and exchange rate markets. The link between interest rates and exchange rates
2. Economic Equilibrium: the IS-LM Model
3. Economic policies: Objectives, Tools, Effects on the equilibrium
4. Effectiveness of economic policies under the IS-LM Model with expectations: Expected inflation and expected interest rates
5. Effectiveness of economic policies in open economy: Basics of an open economy. Expected exchange rates. Exchange rate systems
6. Analysis of the macroeconomic context in which the company works: How the financial markets generate their expectations
6.1 How to interpret the communication language of the Central Banks: the case of the 2008 financial crisis
6.2 How to interpret the macroeconomic data: annual, quarterly, monthly
SECOND PART. Financial structure of a company: evaluation and management of financial risks
7. Interest rate risks: hedging tools: FRA (Forward Rate Agreement), IRS (Interest Rate Swap), Interest Rate Futures
8. Exchange rate risks: hedging tools: Forward, Money Market Hedge, Future, Option
9.Management of exchange rate risks exposure of a company. Operating Exposure: conversion effects, competitive effects
Planned learning activities and teaching methods: Learning takes place through the explanation of various methods and theories by practical examples and by discussion in the classroom. Lectures, presentations, analysis and discussions in the classroom.
Additional notes about suggested reading: Material supplied by the Instructor at the beginning of the course.
Textbooks (and optional supplementary readings)