Monetary and Financial Economics

Maria Grazia ROMANO Monetary and Financial Economics

0222400006
DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE
STATISTICAL SCIENCES FOR FINANCE
2014/2015

OBBLIGATORIO
YEAR OF COURSE 1
YEAR OF DIDACTIC SYSTEM 2014
SECONDO SEMESTRE
CFUHOURSACTIVITY
1060LESSONS
Objectives
KNOWLEDGE AND UNDERSTANDING

THE COURSE DISCUSSES MODELS OF BENAVIOR OF SUBJETCS ACTING IN FINANCIAL MARKETS AND OFFERING AN ANALYSIS OF THE MARKET FUNCTIONING.
APPLYING KNOWLEDGE AND UNDERSTANDING

STUDENTS WILL BE ENDOWED WITH CONCEPTUAL AND ANALYTICAL TOOLS TO INTERPRET THE MAIN FINANCIAL PHENOMENONS.
MAKING JUDGEMENTS

STUDENTS WILL ACQUIRE THE ABILITY TO CONSTRUCT A CRITICAL EVALUATION OF THE FINANCIAL SYSTEM FROM THE POINT OF VIEW OF DIFFERENT CATEGORIES OF ACTORS.
COMMUNICATION SKILLS

STUDENTS WILL BE ABLE TO EXPLAIN THE BEHAVIOUR OF SINGLE FINANCIAL ACTORS AND THE AGGREGATE FUNCTIONING OF THE MARKETS.
LEARNING SKILLS

STUDENTS WILL BE ABLE TO ANALYZE AND REPRESENT IN A CLEAR WAY NEW FINANCIAL PROBLEMS. THEY WILL BE ALSO ABLE TO DEEPEN THEIR COMPETENCES BY CONSULTING BOOKS AND OTHER FINANCIAL PUBLICATIONS.
Prerequisites
NONE
Contents
CHOICE UNDER UNCERTAINTY.
FINANCIAL STRUCTURE UNDER SYMMESTRIC INFORMATION: MODIGLIANI AND MILLER TRADE OFF THEORY.
FINANCIAL STRUCTURE UNDER ASYMMESTRIC INFORMATION: AGENCY PROBLEMS IN FINANCIAL AND INSURANCE MARKETS: MORAL HAZARD: FINANCIAL CONSTRAINTS TO FIRM EXPANSION, COLLATERAL, MONITORING, DIVERSIFICATION.
ADVERSE SELECTION MODELS OF: AKERLOF, STIGLITZ AND WEISS, ROTSCHILD AND STIGLITZ, ROSS.
MODELS OF BANK BEHAVIOUR, CREDIT RATIONING, RULES VERSUS DISCRETION IN MONETARY POLICY.
Teaching Methods
LECTURES, TUTORIALS, SEMINARS, GROUP DISCUSSIONS
Verification of learning
WRITTEN AND ORAL EXAM
Texts
VARIAN, H., ANALISI MICROECONOMICA, III EDIZIONE, 2003, CAFOSCARINA.
GRAVELLE, H. AND R. REES, MICROECONOMICS, THIRD EDITION, PRENTICE HALL.
TIROLE, J., THE THEORY OF CORPORATE FINANCE, 2006, MIT PRESS.
More Information
NONE
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