2MiF05 - ECTS

Equip students to perform detailed financial analyses of companies, identifying and interpreting key performance indicators to value them using the Discounted Cash Flow (DCF) and the Relative Valuation methods, i.e., employing market multiples to compare and assess companies across different sectors. Enable students to apply the methods above, understanding their assumptions and limitations. Finally, introducing the concept of real options and other contingent valuation methods in business valuation allows students to consider uncertainties and flexibility in investment decisions.

2MiF04 - ECTS

The objective of the discipline is to go through the major problems of Corporate Finance, formulating the most important issues arising from the financial activity of a corporation, that is, the concepts, methods and decision tools which serve as a basis for financial analysis and decision-making in the company, namely investment and financing decisions. It will be sought always direct support on the contributions of the most relevant academic work on each issue. 

The program is developed following a perspective of the value of the corporation. As a basic paradigm, it has been adopted the maximization of the value of the corporation for its shareholders, partners or owners. Every financial issue will thus be approached in terms of its potential for generating corporate value. 

The program of the discipline includes the strategic and structural issues in financial decision-making, the most important decisions of value creation. 

2MiF02 - ECTS

This course is designed to provide an understanding of financial markets and the securities traded on them.
Well-functioning financial markets are fundamental institutions in a modern economy. Research in financial markets is highly active, deals with issues continuously in the news, and is the subject of lively policy debate.
The first part of the course will discuss the fundamental role of financial markets, the types of financial assets, and how they are traded.
The second part will cover the main strategies that investors can adopt. The working and regulatory environment affecting the financial investors will also be delineated.
Finally, in the last part of the course, we will examine some of the long-term trends in the financial markets.

Students completing this course should have the necessary tools and understanding of the financial markets' operations and the functions of financial markets in the economy.

2MiF03 - ECTS

The main goal of the course is to introduce econometric methods which are useful in the study of financial questions. The methods will be demonstrated by resorting to financial data and to specialized software. The course should also prepare the students to create and analyze empirical models in their dissertation or in the context of other scientific research in the financial area.

 

2MiF07 - ECTS Tgis course has a practical and applied orientation that aims to deepen the knowledge (theoretical, technical and/or instrumental) addressed during the fiste semester of the master programme.

2MiF06 - ECTS

• To provide additional practical and applied knowledge in several fields not only in Finance, through the participation in seminars led by experts from corporate, academia and institutions.
• The seminar series will address different topics privileging the current challenges, the recent issues and the future perspectives in different fields.
• The students will develop the skills involved in characterizing complex problems in a multidisciplinary context, in evaluating the outcomes yielded and in communicating their analysis.

 

2MiF01 - ECTS

Given the nature of the course, this unit is mainly theoretical. Its program aims at deepening the study of the main issues of the Theory of Finance, through a critical approach to its major proposals and problems. 

The program does not envisage a presentation of the basics of the discipline, although it will not go without ensuring, as often as possible, a quick review of the basic concepts and models. 

2MiF11 - ECTS

This course trains students with the necessary knowledge and skills to navigate the complexities of derivatives markets and make informed financial decisions in a global context.

2MiF24 - ECTS Entrepreneurship, whether in its most mediatic form (creation of new companies), or in its least publicized form - but no less impactful (corporate entrepreneurship or intrapreneurship) - is the pillar of the medium and long-term growth of employment and of the economy.

This activity, due to its specificity and risk, requires adequate financing instruments that follow principles, processes and methodologies different from traditional finance, so they fall into a class of assets called alternative investments.

It is in this context that Venture Capital emerges, with a mission to finance companies, preferably innovative and high growth and impact ones, in their early phases of startup and growth.

In addition, for Entrepreneurship to have a significant and lasting impact, it needs an evolving and active transactions market - in the form of mergers and acquisitions. Private Equity (or buyouts in Anglo-Saxon markets) is a facilitating tool for this market of change of control in Companies.

Private Equity and Venture Capital (PE&VC) belong to the class of alternative assets that bring long-term capital to private (unlisted) companies. Unlike passive investments on the stock exchange, PE&VC nvestors actively manage their portfolios and the companies in which they invest in order to generate long-term value for all their stakeholders and an adequate return for their investors.

PE&VC is a relatively recent industry in virtually all of the world. It has, however, grown at a very fast pace.

The target companies covered by this industry have been increasingly diversified, both in terms of size, sector, life cycle or geographies, with PE more focused on larger businesses in stable companies and with good cash-flow generation, while VC focuses more on innovative, fast-growing projects, especially in the technology area. 

The objective of this course is to teach how these instruments work and give tools to the students that help them to interact with this type of investors in the capacity of entrepreneurs, consultants, financiers or investors.

2MiF09 - ECTS The objective of the discipline is to develop the subject of Corporate Governance, an issue that has been gaining growing importance within Corporate Economics in general and Corporate Finance in particular, as well as to deal with the different aspects and imensions giving form to this important academic discipline.
Real world corporate governance cases will be studied and a systematic comparison will be made between the praxis of corporate governance and the concrete situations of corporate success and failure.

2MiF22 - ECTS

Over the past several decades, financial theory has been based on the assumption that investors and managers are generally rational and that the prices of securities are usually efficient. However, empirical evidence suggests that markets are not always efficient and that investors and managers are not fully rational. Behavioral finance offers a more realistic view of economic agents’ decision-making. It argues that many facts about asset prices, investor behavior, and managerial behavior are best understood using models where at least some agents are not fully rational. In particular, behavioral finance uses psychological evidence to understand financial phenomena better. This course aims to introduce students to the field of behavioral finance.

2MiF10 - ECTS

The main objective of this curricular unit is to introduce the students to the analysis of mergers, acquisitions and corporate restructuring topics in oder to enable students both to analyses such operations in their professional practice as well as to identify possible academic research questions.

2MiF12 - ECTS

The course aims to give the students an advanced understanding of fixed-income securities, including bond pricing, risk analysis, and investment strategies while equipping them with the tools to assess and manage interest rate, credit, and market risks. Additionally, the course aims to integrate sustainable finance principles into fixed-income investing, covering ESG factors, green bonds, and responsible investment strategies.

2MiF08 - ECTS The course aims to develop the skills to use and program in some of the most important software for modeling and data analysis.

2MiF23 - ECTS

“For most investments, the usefulness of NPV rule is severely limited…, [modern finance] is now obliged to treat all major investment decisions as option pricing problems”

(Stephen A. Ross, MIT)

Real options is a major topic in corporate finance. It is intended that students develop the capacity to look at an investment project as an option or as a set of options, and not simply as a sequence of cash flows. This is a new and fundamental perspective to evaluate investment opportunities under uncertainty, irreversibility and flexibility. 

2MiF14 - ECTS Tgis course has a practical and applied orientation that aims to deepen the knowledge (theoretical, technical and/or instrumental) addressed during the second semester of the master programme.

2MiF13 - ECTS

• To provide additional practical and applied knowledge in several fields not only in Finance, through the participation in seminars led by experts from corporate, academia and institutions.
• The seminar series will address different topics privileging the current challenges, the recent issues and the future perspectives in different fields.
• The students will develop the skills involved in characterizing complex problems in a multidisciplinary context, in evaluating the outcomes yielded and in communicating their analysis.

2MiF18 - ECTS

The objective of the course is to equip participants with tools and techniques to facilitate decision-making for companies operating in an international context. Topics covered include the international financial environment, forecasting exchange rates, measuring and managing exchange rate exposure, and multinational capital budgeting, which encompasses country risk analysis and estimating the international cost of capital.

2MiF26 - ECTS

The objective of the course is to study the theory and empirical evidence relevant for investing, particularly in the context of portfolio management.  The major topics will include: the investment management process,asset allocation decisions in a mean-variance framework and other, active and passive investment strategies, performance measurement and attribution and ethics in investments.

Students will also deal with asset management allocation tools and practices in quasi-real settings, integrating the knowlegde acquired in other courses (Financial Theory and Financial Markets).

2MiF16 - ECTS

The course aims to provide students with the knowledge needed to understand the usefulness of derivatives and other instruments of risk management both in the perspective of a firm and of a portfolio investor. Thus, the main required competences in this field are related to two themes: (i) the choice of the risk management tools that are more suitable to the objectives of the economic agents and (ii) the strategic choice to be made by the firms about their risk (hedging, letting the decision concerning the risk to the stakeholders or taking more risk).

The observation that risk management goes far beyond the hedging strategies is a key objective of the course of Risk Management.

2MiF27 - ECTS

This course is essentially applied. The program is divided into seven sessions, of two parts each. Along the program, a systematic explanation will be provided of the role of different financial institutions, on the major areas of their management issues and of the answers given by the nost recent academic studies, as well as the best management practices in the financial sector.

The program is focused on the areas of risk management of financial institutions, their value creation processes, their specific roles within the financial system in which they operate, the specific nature of their management, and on their management constraints arising from the fact that they are firms subject to supervisions and regulation.

2MiF28 - ECTS Students at the end of the course should be able to understand how investment banks work and know the type of activity they carry out together with their clients (companies). Students should also be able to analyze and prepare the operations carried out in the capital markets by their clients, such as mergers and acquisitions, venture capital and private equity, issuance of new shares, share repurchase programs as well as the issuance of debt instruments and hybrid instruments, in order to support them.

2MiF15 - ECTS

To enable students to apply the knowledge acquired during the first year of the Master's in Finance program to write their dissertation proposal.

 

 

2MiF17 - ECTS The course aims to develop the skills to define and use data mining projects.

2MiF20 - ECTS Tgis course has a practical and applied orientation that aims to deepen the knowledge (theoretical, technical and/or instrumental) addressed during the second semester of the master programme.

2MiF19 - ECTS

2MiF21 - ECTS

 

 Relevant research work, either theoretical or applied, under the supervision of a Professor/Researcher of the area.