Anna Maria Cristina MENICHINI | ECONOMICS OF BANKING
Anna Maria Cristina MENICHINI ECONOMICS OF BANKING
cod. 0222200048
ECONOMICS OF BANKING
| 0222200048 | |
| DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE | |
| EQF7 | |
| ECONOMICS | |
| 2020/2021 |
| OBBLIGATORIO | |
| YEAR OF COURSE 1 | |
| YEAR OF DIDACTIC SYSTEM 2018 | |
| SECONDO SEMESTRE |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/01 | 10 | 60 | LESSONS |
| Objectives | |
|---|---|
| THE COURSE PROVIDES THE BASIC TOOLS TO UNDERSTAND THE FUNCTIONING OF BANKS AND FINANCIAL INTERMEDIARIES AND THEIR ROLE OF IN THE STABILITY OF THE ECONOMY, AS WELL AS ANALYSE THE MECHANISMS BEHIND THE BANK-FIRM RELATION. TO THIS AIM, THE COURSE PROVIDES AN OVERVIEW OF THE MAIN THEORIES OF FINANCIAL INTERMEDIATION, OF THE DETERMINANTS OF CREDIT RATIONING, OF THE FIRM'S CHOICE BETWEEN DIRECT AND INTERMEDIATED FINANCE, OF BANK STABILITY AND REGULATION. |
| Prerequisites | |
|---|---|
| IT IS ADVISABLE TO TAKE THE EXAM OF MICROECONOMIA DEL SETTORE FINANZIARIO |
| Contents | |
|---|---|
| THE MAIN THEORIES ON FINANCIAL INTERMEDIATION. DIRECT AND INDIRECT FINANCING. CREDIT ALLOCATION AND THE BANK-FIRM RELATIONSHIP. THE ROLE OF ASYMMETRIC INFORMATION IN CREDIT RATIONING. ADVERSE SELECTION. MORAL HAZARD. BANK FRAGILITY AND BANK REGULATION. |
| Teaching Methods | |
|---|---|
| NO LESS THAN 25 LECTURES + 5 TUTORIALS. ALL CLASSES ARE TAUGHT IN ENGLISH. INDIVIDUAL AND GROUP ACTIVITIES, SUCH AS TUTORIALS AND PRESENTATIONS, ARE ORGANISED DURING THE COURSE TO ASSESS THE STUDENT'S LEARNING PROCESS AND THE ABILITY TO APPLY THE KNOWLEDGE ACQUIRED TO PRACTICAL PROBLEMS. |
| Verification of learning | |
|---|---|
| THE ACHIEVEMENT OF THE OBJECTIVES OF THE COURSE IS ASSESSED THROUGH A WRITTEN EXAM (PAPER EXAM IN ENGLISH) WITH MARKS EXPRESSED IN 30TH'S. THE MINIMUM GRADE FOR A PASS IS 18. THE EXAM LASTS 60 MINUTES AND AIMS AT VERIFYING, IN A TRANSPARENT AND OBJECTIVE WAY, THE LEVEL OF KNOWLEDGE AND UNDERSTANDING ACQUIRED BY THE STUDENT OF THE COURSE PROGRAMME. THE TEST IS STRUCTURED IN TWO THEORY QUESTIONS AND ONE EXERCISE. THE THEORETICAL QUESTIONS ARE DESIGNED TO EVALUATE THE STUDENT'S KNOWLEDGE OF THE PROGRAM AND THE UNDERSTANDING OF THE ECONOMIC CONCEPTS DEVELOPED THEREIN. SOLUTION OF THE EXERCISE REQUIRES THE DEVELOPMENT OF MODELS STUDIED DURING THE COURSE AND THE APPLICATION OF THE METHODOLOGIES ACQUIRED DURING CLASSES AND TUTORIALS. THE STUDENT IS INFORMED OF THE MARK ASSIGNED TO EACH EXERCISE OR THEORETICAL QUESTION. DURING THE WRITTEN EXAM, IT IS NOT ALLOWED THE USE OF TEXTS, COMPUTERS, CELL PHONES, TABLETS OR SMART WATCHES. IN CASE THE EXERCISES REQUIRED NUMERIC CALCULATIONS, A CALCULATOR MAY BE USED. INDIVIDUAL AND GROUP ACTIVITIES, SUCH AS TUTORIALS AND PRESENTATIONS, ARE ORGANISED DURING THE COURSE TO ASSESS THE STUDENT'S LEARNING PROCESS AND THE ABILITY TO APPLY THE KNOWLEDGE ACQUIRED TO PRACTICAL PROBLEMS. UP TO 20% OF THE TOTAL GRADE CAN BE OBTAINED BY TAKING INTO ACCOUNT THE ATTENDING STUDENTS PERFORMANCE IN SUCH ACTIVITIES. |
| Texts | |
|---|---|
| FREIXAS X. AND J.-C. ROCHET (2008), THE MICROECONOMICS OF BANKING , BOSTON: THE MIT PRESS, 2ND ED. ALLEN, F, AND D. GALE (2007), UNDERSTANDING FINANCIAL CRISES, CLARENDON LECTURES IN ECONOMICS. TIROLE J., THE THEORY OF CORPORATE FINANCE, MIT PRESS. |
| More Information | |
|---|---|
| LECTURE SLIDES ARE PROVIDED DURING THE COURSE UPON REQUEST. |
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