In this course the theoretical and empirical issues of the financial economics are studied. Among these, we analyse the functioning of the financial markets ans the determinants of the interest rates. Special attention will be devoted to the functioning of financial markets in monetary unions, including the importance of fiscal sustainability and financial stability in a common currency area. Tematic focus will be dedicated on green policies and financial markets.

Topics

• The functioning of the financial markets
• The determinants of the interest rates
• The costs and benefits of monetary unions
• Financial markets in monetary unions
• Financial stability and fiscal sustainability in common currency area

L’esame di Economia politica e l'esame di Matematica e statistica di base, se presenti nel piano di studi, sono propedeutici

Knowledge and comprehension skills: At the end of the course, students will be able to understand the main issues related to the financial markets and agents operating there. Students will be able to use these models for analyzing the economic patterns and interpreting what happens in real economic world, and actively participating to the economic and financial debate.

Applying knowledge and understanding: Thanks to the course attendance, after passing the exam, the students will be able to deal with a variety of tools to analyze financial and economic information and understand autonomously the evolution of the main issues related to the functioning of financial markets. Students will be able also to analyze financial data to understand the macroeconomic and fiscal dynamics of the economy in common currency area.

Making judgements: Students will be able to gather information and data on the subjects of the course so to make autonomous judgements.

Communication skills: Students will develop reasoning and communication skills on issues related to the subjects of the course thanks to the command of specific terminology used during the lectures and the tutorials.

Learning skills: Students will gain in-depth knowledge of the main models of the financial markets and their functioning. This will allow them to advance their knowledge in finance and prepare them for more advanced courses, inclduding those in applied economics, fiscal and monetary economics.

Il materiale didattico predisposto dalla/dal docente in aggiunta ai testi consigliati (come ad esempio diapositive, dispense, esercizi, bibliografia) e le comunicazioni della/del docente specifiche per l'insegnamento sono reperibili all'interno della piattaforma Moodle › blended.uniurb.it

None

Modalità didattiche

Frontal lectures and tutorials. The lectures will be developed by following the textbook scheme. Other teaching materials (e.g., PPT and PDF file) used during the lectures will be part of the program and will be made available in the website of the course.

Didattica innovativa

Reading and discussion of scientific articles on topics of the program; tutorials; teamwork

Obblighi

The participation in the lecture classes and tutorials is recommended. Homework and classroom presentations will be organized for attending students to prepare the final exam.

Testi di studio

• DE GRAUWE  P -  Economics of Monetary Union, Oxford University Press, 2014 (10th edition) - only some chapters

• Olivier Blanchard - Macroeconomics 2020, (8th Edition) - only some chapters

• Other teaching materials will be available on Moodle › blended.uniurb.it.

[NB: Specific chapters of the suggested books will be indicated at the beginning of the course and made available on Moodle]

Modalità di
accertamento

Written exam. It is composed by a mix of open-ended questions. The maximum score is 32 points that corresponds to the grade 30/30 with honors. The time to do the written exam is one hour.

Disabilità e DSA

Le studentesse e gli studenti che hanno registrato la certificazione di disabilità o la certificazione di DSA presso l'Ufficio Inclusione e diritto allo studio, possono chiedere di utilizzare le mappe concettuali (per parole chiave) durante la prova di esame.

A tal fine, è necessario inviare le mappe, due settimane prima dell’appello di esame, alla o al docente del corso, che ne verificherà la coerenza con le indicazioni delle linee guida di ateneo e potrà chiederne la modifica.

Modalità didattiche

The same information for attending students

Obblighi

The same information for attending studentes (no homework and no classroom presentations)

Testi di studio

The same information for attending students

Modalità di
accertamento

The same information for attending students

Disabilità e DSA

Le studentesse e gli studenti che hanno registrato la certificazione di disabilità o la certificazione di DSA presso l'Ufficio Inclusione e diritto allo studio, possono chiedere di utilizzare le mappe concettuali (per parole chiave) durante la prova di esame.

A tal fine, è necessario inviare le mappe, due settimane prima dell’appello di esame, alla o al docente del corso, che ne verificherà la coerenza con le indicazioni delle linee guida di ateneo e potrà chiederne la modifica.