•GUIDA ECONOMIA 07-08 - Università degli studi di Udine

•GUIDA ECONOMIA 07-08 - Università degli studi di Udine •GUIDA ECONOMIA 07-08 - Università degli studi di Udine

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168 prospectus udine - Technical Gain Investment gain. Mortality gain. - Variable life policies Index-linked policy. Property-linked policy. Bibliography - E. PITACCO, Lezioni di tecnica attuariale delle assicurazioni libere sulla vita, Lint, Trieste, 1989. - F. PRESSACCO, L. ZIANI, Appunti del corso di Matematica Attuariale, downloadable, forthcoming in Appendix to S. MIANI, Prodotti assicurativi e previdenziali, Giappichelli, 2006. - H.U. GERBER, Life Insurance Mathematics, Springer Verlag, 1995. ADVANCED TOPICS IN ECONOMICS Prof.ssa Laura Rizzi Aims This course aims to give a deeper insight into microeconometrics methods, such as those techniques applied in the analysis of cross sectional or panel data. In addition, the course deals with both generalized linear models, which are extensions to linear models applied to cross sectional data, and the analysis of panel data models. A good knowledge of basic econometrics, matrix algebra, statistical inference and the English language is required. Contents 1. Models for cross-section data - Binary outcome models. - Multinomial models. - Tobit models and survival models. - Mixture models and models for count data. 2. Models for panel data - Linear panel models: basics. - Linear panel models: extensions. - Nonlinear panel models. Bibliography As well as the lecture notes provided, we also recommend: - A.C. CAMERON, P.K. TRIVEDI, Microeconometrics, Cambridge University Press, 2005. Exam The exam will consist of a written dissertation and a possible oral test, at the lecturer’s discretion. AGRICULTURE AND FOOD ECONOMICS Prof.ssa Stefania Troiano Aims This course is an introduction to the agrifood system and economic policy tools. In particular, the course provides the students with comprehensive knowledge about the agri-food system and aims to use the main economic tools to analyse consumption and distribution phenomena. At the end of the course the students should be able to analyse the structural and organizational communitary, national and local aspects of the agri-food system at EU, national and local levels. Bibliography - A. MARIANI, E. VIGANO (eds.), Il sistema agro-alimentare dell’Unione Europea, Carocci Editore, Roma, 2002. The lecturer will recommend further reading to the students to clarify specific issues. The Faculty web site will provide the students with all this material. Teaching arrangements Lectures and seminars. Exam Written final exam, which could be inte-

prospectus udine 169 grated by studying set texts indicated by the lecturer. There will be some optional tests during the course. ASSET MANAGEMENT ECONOMICS Prof. Enrico Geretto Contents Asset management sector. Management companies (‘Società di Gestione del Risparmio’): features and operational issues. Asset allocation: policies and techniques. Individual asset management: types, operational features and management (policies and styles). Unit trusts: types, operational features and management (policies and styles). Pension funds: types, operational features and management (policies and styles). Performance evaluation. Pre-requisites The courses of ‘Financial Intermediaries (advanced course)’ and ‘Corporate Finance (advanced course)’ are preparatory. Bibliography - F. CAPARRELLI, E. CAMERINI, Guida all’asset allocation, Edibank, Roma, 2004. Some issues will be analyzed in more detail: a reading list will be provided during the course. ASYMMETRIC INFORMATION AND FINANCIAL CONTRACTING Prof.ssa Clara Graziano Aims The course addresses the main topics in microeconomic theory required to understand financial economics and corporate finance. The course aims to introduce risk theory and agency theory by developing the numerous applications to financial theory. Contents Theory Risk and uncertainty. Expected utility. Risk aversion and its measures. Portfolio choice. (VARIAN, ch. 12). Moral hazards and incentives related to asymmetric information. Optimal contracts (MILGROM, ROBERTS, chps. 6 and 7). Principal-agent model with adverse selection (VARIAN, ch. 35). Applications to Financial theory Ownership and property rights (MIL- GROM, ROBERTS, ch. 9). Debt contract (BAGLIONI, ch. 6). Agency cost of equity financing. Conflict of interest between debtholders and shareholders. (BAGLIONI, ch. 8). Credit rationing (BAGLIONI, ch. 7). Agency problems and dividend policy. Bibliography - H. VARIAN, Microeconomics, ch. 12 e ch. 35. - P. MILGROM, J. ROBERTS, Economics, Organization and Management, Prentice Hall, 1992. - A. BAGLIONI, Informazione e Incertezza nella teoria finanziaria, Hoepli, 2000, Chapters 6, 7 and 8. Recommended Reading - L. GUISO, D. TERLIZZESE, Economia dell’Incertezza e dell’Informazione, Hoepli, 1994. - J. TIROLE, The Theory of Corporate Finance, Princeton University Press, 2006. Exam Course assessment: paper presentation 30%, exam 70%.

168 prospectus u<strong>di</strong>ne<br />

- Technical Gain<br />

Investment gain.<br />

Mortality gain.<br />

- Variable life policies<br />

Index-linked policy.<br />

Property-linked policy.<br />

Bibliography<br />

- E. PITACCO, Lezioni <strong>di</strong> tecnica attuariale<br />

delle assicurazioni libere sulla vita, Lint,<br />

Trieste, 1989.<br />

- F. PRESSACCO, L. ZIANI, Appunti del corso<br />

<strong>di</strong> Matematica Attuariale, downloadable,<br />

forthcoming in Appen<strong>di</strong>x to S. MIANI,<br />

Prodotti assicurativi e previdenziali, Giappichelli,<br />

2006.<br />

- H.U. GERBER, Life Insurance Mathematics,<br />

Springer Verlag, 1995.<br />

ADVANCED TOPICS<br />

IN ECONOMICS<br />

Prof.ssa Laura Rizzi<br />

Aims<br />

This course aims to give a deeper insight<br />

into microeconometrics methods, such<br />

as those techniques applied in the analysis<br />

of cross sectional or panel data. In<br />

ad<strong>di</strong>tion, the course deals with both generalized<br />

linear models, which are extensions<br />

to linear models applied to cross<br />

sectional data, and the analysis of panel<br />

data models. A good knowledge of basic<br />

econometrics, matrix algebra, statistical<br />

inference and the English language is<br />

required.<br />

Contents<br />

1. Models for cross-section data<br />

- Binary outcome models.<br />

- Multinomial models.<br />

- Tobit models and survival models.<br />

- Mixture models and models for count<br />

data.<br />

2. Models for panel data<br />

- Linear panel models: basics.<br />

- Linear panel models: extensions.<br />

- Nonlinear panel models.<br />

Bibliography<br />

As well as the lecture notes provided, we<br />

also recommend:<br />

- A.C. CAMERON, P.K. TRIVEDI, Microeconometrics,<br />

Cambridge University Press,<br />

2005.<br />

Exam<br />

The exam will consist of a written <strong>di</strong>ssertation<br />

and a possible oral test, at the lecturer’s<br />

<strong>di</strong>scretion.<br />

AGRICULTURE AND FOOD<br />

ECONOMICS<br />

Prof.ssa Stefania Troiano<br />

Aims<br />

This course is an introduction to the agrifood<br />

system and economic policy tools. In<br />

particular, the course provides the students<br />

with comprehensive knowledge<br />

about the agri-food system and aims to<br />

use the main economic tools to analyse<br />

consumption and <strong>di</strong>stribution phenomena.<br />

At the end of the course the students<br />

should be able to analyse the structural<br />

and organizational communitary, national<br />

and local aspects of the agri-food system<br />

at EU, national and local levels.<br />

Bibliography<br />

- A. MARIANI, E. VIGANO (eds.), Il sistema<br />

agro-alimentare dell’Unione Europea,<br />

Carocci E<strong>di</strong>tore, Roma, 2002.<br />

The lecturer will recommend further<br />

rea<strong>di</strong>ng to the students to clarify specific<br />

issues. The Faculty web site will provide<br />

the students with all this material.<br />

Teaching arrangements<br />

Lectures and seminars.<br />

Exam<br />

Written final exam, which could be inte-

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