Corso di studio in Economia

All topics covered, all competences and skills we mean to teach are an essential part of the necessary contents of our training that intends to offer a specific preparation in financial field. In particular, teachings offer the knowledge and capacity to understand issues related to the Principles of Corporate Finance, as specified in the next paragraph "Expected learning results".

The course aims to provide students with conceptual tools and operational levers for the analysis of management models and evaluation of the firm's financial decisions. The student must acquire skills of analysis and evaluation of the main methods of selection and evaluation of investment and financing. Students will be encouraged, through written and oral presentations, to demonstrate their learning ability with reference to the principles of corporate finance, developing the necessary skills to undertake advanced studies with a high degree of freedom.

Lectures, excercises and case studies.

Instructions for attending lectures from home (virtual classroom via Webex) are reported in the course section on Moodle.

Preparation is considered adequate (grades are on a scale of thirty) if the student shows appropriate knowledge of all topics of the programme as described in the "Programme" paragraph. The exam will thus verify the knowledge both from the theoretical and the applied standpoint (exercises). Expected knowledge and capacities are assessed by means of a written exam (with exercises and open questions). 

As the situation linked to the spread of Covid-19 continues, the Corporate Finance examination will take place remotely (online). In particular, it will involve connecting students enrolled via Webex and will take place on Moodle, consisting of multiple-choice questions. These provisions apply to all appeals of the winter session, unless new communication is received.

For details on how the on-line written exams will work, please refer to the full document made available on Moodle in the Teaching Materials section of the course.

- The role of corporate finance in the economy of the enterprise and the role of the financial manager.

- The time value of money.

- The law of one price

- Evaluation of investment decisions (capital budgeting techniques)

- Management of the company's working capital

- The performance (return) and risk of shares and the statistical tools used to measure them.

- The theory of portfolio choices

- The Capital Asset Pricing Model (CAPM)

- The financial structure choices of companies

- The estimation of the cost of capital

- Stock valuation

- Introduction to company valuation

- Dividend policy