Foreign students graduate courses

READING LIST

Wiley Benninga, S., Financial Modeling, Mit Press 2008

Moffett, M.H. - Stonehill, A.I. - Eiteman, D.K., Fundamentals of Multinational Finance, Pearson, 2006.

• 
  derivatives markets
  
• 
  derivative securities
  
• 
  hedging and trading
  
• 
  case studies
  

• 
  international financial instruments
  
• 
  international financial system
  
• 
  exchange rate market
  
• 
  exchange rate exposure management
  
• 
  interest and exchange rate risk
  

1. 
   financial method: fundamentals
   

• 
  cash flow analysis: business plan
  
• 
  cost of capital
  
• 
  growth rate
  
• 
  two-three step models
  
• 
  valuation “asset side” and “equity side”
  
• 
  case studies
  

1. 
   multiples method:
   

• 
  fundamentals and limits
  
• 
  multiples asset side and equity side
  
• 
  multiples method and discounted cash flow
  
• 
  multiples volatility
  
• 
  case studies
  

Wiley Benninga, S., Financial Modeling, Mit Press 2008

Moffett, M.H. - Stonehill, A.I. - Eiteman, D.K., Fundamentals of Multinational Finance, Pearson, 2006.

E. Cotta Ramusino, L. Rinaldi, La Valutazione d’Azienda; Il Sole 24Ore, Milano, 2003, (chapters suggested during the course)

ASSESSMENT

• 
  Introduction: public policies and finance in the European Union
  
• 
  National fiscal policies before the starting of the monetary unification
  
• 
  Budget constraints in the Maastricht Treaty and in the Stability and Growth Pact
  
• 
  The Italian experience to meet the European budget constraints
  
• 
  Stabilization policy in the EMU
  
• 
  Stabilization policy and asymmetric shocks
  
• 
  The European Union Budget: analysis of the main expenditure headings
  
• 
  The European Union Budget: financing system and possible future developments