FINANCE FOR TOURISM
The Finance for Tourism course aims to transfer the basic knowledge necessary for students in order to identify the different components of the financial system and the financial dynamics of companies operating in the tourism sector. To this end, the course will be developed following a path that develops the following aspects
analysis of the structure and functioning of the financial system, understood as an organized complex of instruments, intermediaries, and financial markets;
· Understanding of the characteristics, methods of use and pricing models of the main types of financial instruments;
· Understand how the financial markets work;
· Typical financing instruments for tourism
The learning objectives of the course can be defined as follows
Knowledge and understanding: at the end of the course, the student will be able to identify the risk-return profile of financial instruments and services and in particular the costs of financial services offered by financial intermediaries to businesses. It must also be able to identify and understand the support that the financial system can provide to businesses and, in particular, to businesses in the tourism sector for the search for the optimal balance between third party and equity capital
Autonomy of judgment: once the student has learned how the financial system works, the student will be able to independently evaluate the financing proposals of financial intermediaries, judging the degree of coherence (risk-return) with the investment decisions of companies.
Communication skills: the student must have the ability to explain in a simple way how financial instruments work. You must also be able to answer in a clear, binding and exhaustive way both to the questions of the written test and to those of the eventual oral test.
Learning skills: the student must demonstrate a good learning ability by being able to deepen their knowledge on relevant and relevant bibliographic references on the financial system.
The course is aimed at students of the three-year degree and requires that the students have learned the basic contents of the logic of business economics. In order to maximize the learning of the contents, students should have a good knowledge of accounting and company management topics as they are basic to address some topics of the exam program.
The course program covers the following contents:
The relationships between the financial system and the real system; the theories of financial intermediation; the typical risks of financial intermediation; financial instruments; financial markets; credit intermediation; the financial structure of the company; funding for tourism.
The course content can be broken down into several lesson blocks whose duration depends on the level of preparation of the students and their familiarity with the basic concepts of business administration
The teaching activity is structured as follows:
· Lectures aimed at improving the knowledge and understanding of students and carried out with the support of both slides and the classic blackboard; in order to strengthen communication skills and independence of judgment, students are encouraged to participate in the discussion with questions, considerations and reflections.
· Exercises: aimed at training application and problem solving skills. exercises on financial instruments and the company's financial structure
Nadotti L., Porzio C. Previati D., Economia degli Intermediari Finanziari, Quarta Edizione (2022), Mc Graw Hill.
Additional materials by Professor
The acquisition of fundamental knowledge takes place with a written exam that focuses on 6 open questions, chosen by the teacher, on the entire exam program. Namely: the relations between the financial system and the real system; the theories of financial intermediation; the typical risks of financial intermediation; financial instruments; financial markets; credit intermediation; the financial structure of the company; The Fintech; funding for tourism.
The duration of the test is 1 hour. Each of the six questions that make up the test is assigned a maximum score of 6 and the same weight in the overall evaluation expressed out of thirty. The outcome of the test will be communicated via esse3 to the student's email. The evaluation of the test takes into account the completeness and accuracy of the answers, as well as the clarity in the presentation. In addition, the adequacy of the use of appropriate technical language, autonomy of judgment and in-depth analysis of the arguments will also be taken into account in the overall judgment.