Financial Markets

1. Financial balances and principles of national accounts.
2. Financial constraints to economic activity under certainty.
3. Uncertainty and financial markets.
4. Arrow’s model of contingent commodities and the theory of incomplete markets.
5. Pricing parities

The course aims at understanding the role of financial markets and of the institutions that work in financial markets, banks and central banks in particular. It studies the most important financial instruments and the pricing of these instruments

In presenza

Lectures and classes

The exam will be in the form of written exercises. In class we will have the opportunity to review an exam of the last years.