- Docente: Elettra Agliardi
- Credits: 8
- SSD: SECS-P/01
- Language: English
- Moduli: Amir Amel Zadeh (Modulo 1) Elettra Agliardi (Modulo 2)
- Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
- Campus: Rimini
- Corso: Second cycle degree programme (LM) in Economics and Market Policy (cod. 8212)
Course contents
The main objective of this course is to present recent developments in the real option valuation of investment projects. An important aspect of this course is that it attempts to bridge the gap between the mathematical theory and financial practice and provides computer applications and case studies.
At the end of the course students should be able to understand scientific articles and to perform their own research project
Topics
Module 1 (Professor Elettra Agliardi)
1. Prerequisites: option pricing
2. Real options: theory
3 . Real options: applications
All students are required to make a 30 minutes presentation of one specific topic.
Module 2 (Professor AmirAmel-Zadeh)
This course aims to provide an overview to some important research areas in applied financial economics associated with the `Efficient Markets Hypothesis', which is an important part of the modern theory of finance. In addition to introducing the students to current research debates on market anomalies and behavioural finance, the course will also stress the practical relevance finance theory during real-time trading simulations. The simulations are designed to illustrate the concepts and applications of modern financial economics.
Readings/Bibliography
Readings
The following background references are suggested:
- Merton, R.C. (1990), Continuous-Time Finance, Basil Blackwell, Oxford
- Dixit, Avinash K., Robert S. Pindyck (1994), Investment Under Uncertainty, Princeton University Press, Princeton, New Jersey
- Jean Tirole (2006), The Theory of Corporate Finance, Princeton University Press, Princeton, New Jersey
A list of scientific articles will be made available at the beginning of the course.
Teaching methods
The course will consist of lectures, class discussions and computer lab trading simulations. The lectures will be interactive and ‘seminar styled', structured and led by the course lecturer. Course members will be set about two readings to be completed before each session and trading tutorials to be completed before each simulation session.
Assessment methods
Written exam.
Teaching tools
Office hours
See the website of Elettra Agliardi
See the website of Amir Amel Zadeh