Two - Year Master Degree in Economics

Capital Markets and Corporate Finance - Modulo Capital Markets

Capital Markets

Academic year 2013/2014

Sommario del corso

• Course objectives
• Results of learning outcomes
• Program
• Suggested textbooks and readings
• Teaching tools

Course objectives

The course aims at providing students with a more advanced knowledge on the organization and functioning of the financial system than that obtained from a basic financial markets and institutions cours.

Results of learning outcomes

1) Knowledge and understanding ability.

Learning is aimed at understanding contents.

2) Capability to apply knowledge and understanding

Students should be able to solve exercises without problems.

3) Capability to approach the subject in a critical manner

Learning should be “critical”. The student should develop autonomy of judgment on the arguments studied.

4) Communication abilities

Active class participation is important to demonstrate communication abilities.

5) Learning ability

All these points will contribute to the final judgment.

Program

The course will cover the following topics

1. The theory of financial intermediation (quick recall)
2: International banking and finance
• Evolution of the international monetary system
• Birth and development of the euro-currency markets
• Syndicated loans and euro-bonds
• The issue of regulation
3. Private banking and asset management
• Pooled forms of asset management for the retail mass market
• Segregated forma of asset management for the affluent customers
4. Investment and merchant banking
• Origination, underwriting and placement of securities
• Listings
• Mergers and acquisitions
• The competition on the supply side
• Conflicts of interest in highly diversified financial institutions
(analysis of a series of cases)

READING MATERIAL
Owing to the absence of a textbook covering these topics, students are advised to attend classes and study their notes

• Teaching materials
• Exams and finals
• Go to Moodle
• Visit the forums