- Docente: Luigi Alberto Franzoni
- Crediti formativi: 6
- SSD: SECS-P/03
- Lingua di insegnamento: Inglese
- Modalità didattica: Convenzionale - Lezioni in presenza
- Campus: Bologna
-
Corso:
Laurea Magistrale in
Economia e diritto (cod. 5913)
Valido anche per Laurea Magistrale in Law, Economics and Governance (cod. 5811)
-
dal 13/11/2024 al 13/12/2024
Conoscenze e abilità da conseguire
The course introduces the students to the economic principles of financial transactions and financial contracts. In a financial transaction, a buyer and a seller exchange an asset for payment. The course will use the principles of financial economics and corporate finance to teach the students the main characteristics of financial transactions, particularly in the presence of asymmetric information, agency problems, holdouts and transaction costs, and the incentive schemes produced by the main legal remedies and contract clauses typically adopted in financial contracting. At the end of the course, the student will know the main contingencies pertaining to specific types of financial transactions (purchases, loans, mortgages, etc.) will have the ability to map the risks associated to those contingencies, and prioritize them. The student will also be able to apply economic techniques to correct those risks.
Contenuti
1. Economic theories of the firm
a) the firm as authority
b) the firm as a nexus of contracts
c) the firm and specific investment
2. Law and finance
3. International perspective: Italy, Germany, UK, USA, Japan
Testi/Bibliografia
Oliver Hart: Firms, contracts and financial structure, Ch 1-2. OUP
Material distributed in class
Please check for additional material on Virtuale (link on the right)
Metodi didattici
Lectures + students' presentations
Modalità di verifica e valutazione dell'apprendimento
Written test, one hour long. The test will include 7-9 open questions, some of which will require analitical skills (work with models).
The mark of the paper will reflect the cadidate's:
i) knowlege of the subject,
ii) ability to work with formal models/arguments,
iii) use of appropriate terminology.
Students' presentations contribute to the overall mark (max 3 points)
Evaluation grid
- Basic knowledge of most topics of the course; basic critical and analytical skills; formally correct language and terminology → 18-22;
- Good knowledge of the topics of the course; good analytical and critical skills; formally correct language and terminology → 23-26;
- In-depth knowledge of the topics of the course, good analytical and critical skills, proficiency in technical language and terminology → 27-29;
- Outstanding knowledge of the topics of the course, outstanding analytical and critical skills, proficiency in technical language and terminology → 30-30L.
Orario di ricevimento
Consulta il sito web di Luigi Alberto Franzoni
SDGs


L'insegnamento contribuisce al perseguimento degli Obiettivi di Sviluppo Sostenibile dell'Agenda 2030 dell'ONU.