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Investments analysis and financial risk management - Financial risk management (mod. b)

  • A.A. 2019/2020
  • CFU 6
  • Ore 40
  • Classe di laurea LM-77
Nicoletta Marinelli / Ricercatrice / Economia degli intermediari finanziari (SECS-P/11)
Dipartimento di Economia e Diritto

Enrolled students are expected to have familiarity with basic concepts of capital markets
and finance (although some concepts will be briefly reviewed during the course). The
level of mathematical complexity involved in these topics will be manageable.

Obiettivi del corso

The aim of this course is to provide a thorough understanding of financial risk
management techniques designed to maximize value of firm. The course highlights the
management of financial risk and tools of risk management from business firm's
perspective. A part of the course is devoted to the analysis of derivatives and their uses
in risk management.

Programma del corso

The course is divided into three parts:

1. Concepts and the economics of Risk Management

2. Tools for Financial Risk Management

3. The practice of Risk Management

The first part of the course will address the general concepts of risk management
applied to firms, trying to shed light on why firms (should) hedge. The second part is
more technical and it will cover the tools for hedging risks (in particular, financial
derivatives). The last part will help students to understand how a hedging strategy can
be designed and put into action to be effective.

Testi (A)dottati, (C)onsigliati
  • 1.  (A) J.C. Hull Options, Futures and Other Derivatives Pearson, Prentice Hall, Upper Saddle River, 2011
  • 2.  (A) Brealey R., Myers S. and F. Allen Principles of Corporate Finance McGraw-Hill, NY, 2011 » Pagine/Capitoli: 20,21,26,27
Altre informazioni / materiali aggiuntivi

The materials used in this course (slides/exercises) will be regularly uploaded on the teacher's personal page.

Metodi didattici
  • Although the course is based on a theoretical approach, lessons will be followed by
    practical classes in which case studies and practical exercises will be discussed.
Modalità di valutazione
  • The final exam is written and covers all the three sections of this course. Specifically, it will include multiple choice questions, one open question and practical exercises. Multiple choice questions are aimed to assess the level of understanding of the theory; open question is devoted to test the ability to discuss issues on managing risks and practical exercises are intended to evaluate the individual ability to put in practice theoretical concepts of financial risk management.

    Students attending the course are also required to discuss a case study. The case study is expected to be addressed in group. Assigned cases are intended to give students practice in assembling data to support a decision. Each group is expected to hand-in a power-point presentation and any additional files the day before class presentation.

    The final mark will be calculated as the average between the written exam's score and the case study discussion's score.

Lingue, oltre all'italiano, che possono essere utilizzate per l'attività didattica

English will be the teaching language

Lingue, oltre all'italiano, che si intende utilizzare per la valutazione

English will be the language used in the written exam