SECS-P/08 (ECONOMIA E GESTIONE DELLE IMPRESE)
DIPARTIMENTO DI SCIENZE ECONOMICHE E AZIENDALI
Corso di studio
ECONOMICS, FINANCE AND INTERNATIONAL INTEGRATION - ECONOMIA, FINANZA E INTEGRAZIONE INTERNAZIONALE
Primo Semestre (24/09/2018 - 21/12/2018)
66 ore di attività frontale
Students should have basic knowledge of accounting and corporate finance. In any case, recap of topics necessary for the course is made in the beginning sessions.
The course has two main objectives.
On one side to illustrate the topic of firm valuation.
On the other to give an idea of financial instruments negotiated in financial markets, grouped in asset classes.
At the end of the course, students will be able to operate the valuation of a firm using the DCF and market multiples.
At the same time, students should be able, at the end of the course, to understand the main features of the most important asset classes.
Programma e contenuti
Portfolio theory and CAPM.
Cost of equity, cost of debt and weighted average cost of capital.
CAPM parameters estimation.
The DCF approach to firm valuation.
Market multiples and their use in fimr valuation.
Asset Classes (Money Market Instruments, Bonds, Equities, Derivatives, forex)).
Lectures will be supported by exercises through which it will be possible to verify, on a regular basis, the learning process. Relevant guests coming from the professional world will participate in the course teaching for a number of sessions.
Testi di riferimento
Teaching notes are made available for students on a regular basis, including exercises.
A reading list will be provided at the beginning of the course
Modalità verifica apprendimento
The exam is written. It consists of a number of questions between 6 and 8. The most of them are exercises and problems that students must solve on the basis of concepts learnt during the course. The aim of the exam is to test the ability to apply knowledge to practical problems.
Exam grade average: 26.2