Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2021/2022
Belonging course: 
Course of Master's Degree Programme on AMMINISTRAZIONE, FINANZA E CONSULENZA AZIENDALE
Disciplinary sector: 
ECONOMICS (SECS-P/01)
Language: 
Italian
Credits: 
6
Year of study: 
1
Teachers: 
Cycle: 
Second semester
Hours of front activity: 
48

Language

Italian

Course description

The course aims at teaching the principles of finance and its learning objectives are as follows:

Knowledge and under-standing:
Students learn about a wide range of investment and risk management tools, the main models for choosing and evaluating financial investment portfolios, and the concepts of financial market efficiency and stability.

Applying knowledge and under-standing:
At the end of the course, the student will be able to price and appraise the risk-return profile of individual securities and of investment portfolios.

Making judgments:
Students develop critical reading skills of financial theories and facts.

Communication:
Students learn how to discuss financial issues precisely and clearly both with economists and laymen.

Learning skills:
Students learn the skills needed to deepen specific topics and to acquire new competences in advanced finance courses.

Prerequisites

Standard knowledge of math (functions, differential calculus, optimization), math for finance (interest rate, time value of money, internal rate of return) and probability theory (random variables).

Syllabus

The course covers the following topics:
Choice under uncertainty (9 hrs)
The modern portfolio theory: Mean-variance utility, the efficient frontier e the two-fund separation theorem (9 hrs)
Asset pricing models: the CAPM and the APT (9 hrs)
The efficient market hypothesis, asset price anomalies and bubbles (9 hrs)
Bond pricing (6 hrs)
Stock pricing (6 hrs)

Teaching Methods

Lectures, tutorials and home assignments.

Textbooks

Beltratti, Investimenti finanziari, EGEA
Slides and additional reading are available on the e-learning portal.

Learning assessment

Written final exam where the students are asked to solve portfolio choice problems and security valuation exercises. Problems similar to those included in the final exam are reviewed during the tutorials. The exam also includes multiple choice questions (or true/false questions) to assess students’ learning of theory.

More information