Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2021/2022
Teaching: 
Belonging course: 
Course of Master's Degree Programme on MARKETING AND INTERNATIONAL MANAGEMENT
Disciplinary sector: 
FINANCIAL MARKETS AND INSTITUTIONS (SECS-P/11)
Credits: 
3
Year of study: 
1
Cycle: 
Second semester
Hours of front activity: 
24

Language

English

Course description

The Risk Management course aims to transfer the basic knowledge necessary for students in order to define and identify the concept of risk and the tools to manage it for both financial institutions and businesses. To this end, the course will be developed following a path that develops the following aspects
• Introduction to the concept of risk and basic elements for estimation techniques;
• Main financial instruments for risk management;
• Risk management techniques
• International risk management

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 sources of risk and will know the main types of derivative financial instruments and the techniques for managing the various types of risks, including at an international level.
Ability to apply knowledge and understanding: at the end of the course, the student will be able to identify the type of different risks and the financial instruments used to manage them.

Autonomy of judgment: once the student has learned how the financial system works, the student will be able to independently assess the application of the different types of financial instruments to the different types of risks to be faced.

Communication skills: the student must have the ability to explain in a simple way how derivative 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.

Prerequisites

The course is aimed at students of the master's degree and requires students to have learned the basic contents 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.

Syllabus

The course program covers the following contents:
Introduction to risk management and basic elements, derivative instruments such as forwards, futures, swaps, options. Risk management for companies, international risk management, credit risk.

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 corporate finance.
The course is structured as follows:

Block I (12 hours): Introduction to risk management and basic elements, derivative instruments such as Forward, Futers, Swaps, Options
Block II (12 hours): Risk management for companies, international risk management, credit risk.

Teaching Methods

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
· Company testimonials: analysts, trading experts, exponents of the credit intermediation sector are invited to enrich the contents of the course by bringing their professional experience to the classroom.
Individual study: students integrate the knowledge and skills acquired in the classroom with the individual study of the textbook and the reading of in-depth documents indicated by the teacher in order to foster independent learning skills.

Textbooks

Hull, Risk Management and Financial Institutions; V Edizione; Wiley Finance series (cap 1,5, 19)
Brealey, Myers , Sandri Principles of Corporate Finance , XIII Edition MCGrawHill (23;26;27)
Materiale addizionale ed esercizi a cura del docente

Learning assessment

The acquisition of fundamental knowledge takes place with a written exam that focuses on 2 open questions on the entire exam program and 2 exercises. The candidate's evaluation will focus on an analysis of the use of appropriate technical language, autonomy of judgment and in-depth analysis of the arguments

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