Economics of the securities trade

A.Y. 2020/2021
Overall hours
Learning objectives
On successful completion of this course, students should be able to understand the core principles of financial instruments and the markets they are traded. Furthermore, they should be able to complement law topics with a financial approach, using appropriate financial notions and language.
Expected learning outcomes
- Knowledge and understanding: on successful completion of this course, students should be able to complement legal topics with the knowledge of financial markets and instruments. On this note both general and specific topics are provided: students should be able to solve practical problems using appropriate data and understand technical documents on financial markets and instruments.
- Applying knowledge and understanding: students should be able to apply theoretical knowledge to case studies and practical examples related to the main technical features of financial markets and instruments.
- Making judgements: active learning methodology helps students to learn the ability to identify and use data to formulate responses to well-defined financial problems.
- Communication: the course encourages students to communicate about their understanding, skills and activities encouraging guided class discussion and through case studies, and problem sets.
- Lifelong learning skills: on successful completion of this class, students can appreciate the core principles of financial markets and isntruments, then examine these models with real-world scenarios. Empirical applications of themes help students develop essential critical-thinking and problem-solving skills, preparing them for future legal careers in business and finance areas.
Course syllabus and organization

Single session

Lesson period
First semester
Lectures are scheduled on Microsoft Teams on the same slots as if taken in class. They will be uploaded on Ariel too.
The syllabus and reference material do not change.
The exam is taken on and Zoom. All information is available on Ariel.
Course syllabus
A) Financial Markets: 1. The Money Market; 2. The Bond Market; 3. The Stock Market; 4. The Derivatives Markets B) The Financial Instruments: 1. Bond; 2. Stocks; 3. Derivatives; 4. Insurance Products 4. Pension funds C) Risk and Return in Financial Markets.
Prerequisites for admission
Teaching methods
a) Lectures; b) Additional material to complement specific topics available on Ariel.
Teaching Resources
B. Rossignoli, Strumenti finanziari, assicurativi e previdenziali, Milano, Cusl, 2020.
Assessment methods and Criteria
Closed-book written exam. The exam will include short essays covering readings and additional material and last one hour and a half. All grades will be based on both the approach taken and the correctness of the response. To obtain good marks, show your work in a way that enables the lecturer to follow your reasoning. Mark is in 30/30 and will be published on Ariel.
Lessons: 42 hours
Professor: Arnaboldi Francesca