The student who completes the course successfully will be able to demonstrate a solid knowledge of: 1st part (6 cfu): how to construct an efficient and optimal portfolio, how an activity is priced according to the risk it brings to the portfolio, under what conditions markets are efficient and main critiques to the theory of efficient markets. what are the factors which influence the exchange rates and the international capital movements; 2nd part (6 cfu): what are the weak points of the EMU; if and how speculation is relevant.
During the exam the student must be able to demonstrate his/her knowledge of the course material and be able to discuss the reading matter thoughtfully and with the appropriate terminology.
Methods:
I parte: Elementi di microeconomia, matematica e statistica, matematica finanziaria
Il primo e secondo modulo costituiscono un unico esame da 12 cfu. I due moduli possono essere sostenuti separatamente, purchè entro un anno l'uno dall'altro
Delivery: face to face
Learning activities:
Attendance: Advised
Teaching methods:
Modulo 1 (6 cfu):
Modulo 2:
Parte 2.1, 3 cfu, 21 h lezione – Prof. Pompeo Della Posta (pompeo.della.posta@unipi.it)
Parte 2.2, 3 cfu, 21h lezione - Prof Simone Marsiglio
PARTE 2.1 3 cfu – Prof. P. Della Posta
PARTE 2.2 3 cfu – Prof Simone Marsiglio
Modulo "Crescita economica e sviluppo finanziario"
1st part (6 cfu): Expected utility theory, theory of portfolio choice, mean-variance model, CAPM, APT Efficient market hypothesis, exchange rate theory, interest arbitrage, Purchasing Power parity.
2nd part (6 cfu): recent European monetary history (euro, speculative attacks, optimum currency areas, recent financial crisis), outlines of currency derivative markets.
Bibliografia per il I modulo
Bibliografia per il II modulo
Riferimenti PARTE 2.1
Riferimenti PARTE 2.2
I modulo
- Bodie, Kane and Markus (2011), Investmentes, McGraw-Hill
- E.J. Elton, M.J. Gruber, S.J. Brown, W.N. Goetzmann: "Modern Portfolio Theory and Investment Analysis", Wiley, 2007 [le parti da studiare verranno indicate durante il corso].
- KRUGMAN-OBSTFELD-MELITZ, Economia internazionale II - Economia monetaria internazionale, 2012, Prentice Hall ch. 1-7
II modulo
Pompeo Della Posta - L’Integrazione monetaria in Europa – Pisa University Press 2018.
L'esame si svolge in forma scritta.
Al termine del primo modulo ci sarà una prova intermedia scritta sugli argomenti svolti nel modulo
http://unimap.unipi.it/registri/dettregistriNEW.php?re=2093784::::&ri=036771
http://unimap.unipi.it/registri/dettregistriNEW.php?re=2093784::::&ri=036771