•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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232 prospectus udine riskless asset. Extension to markets with n risky stocks and one riskless asset. Measures of risk for portfolios. Riskexpected return relationships for the single investor. Market equilibrium and market portfolio. Volatility (beta) with reference to the market portfolio. Separation theorem and choices of investors under equilibrium conditions. The efficient frontier under equilibrium (the Capital Market Line). The Security Market Line. Price of time and price of risk. The Sharpe model (Single Index Model). Multi-index model. Risk-expected return relationships under no-arbitrage conditions instead of equilibrium (APT by Ross). Optimal portfolio selection with reference to a benchmark portfolio (Roll model). Biblography Recommended reading Lecture notes. - F. PRESSACCO, P. STUCCHI, Lezioni di Matematica Finanziaria, Forum, Udine, 1996. Further reading - J. ELTON, J. GRUBER, Modern Portfolio Theory and Investment Analysis, Wiley (chs. 2, 3, 8, 11). Contents The core of the course is dedicated to the study of the Civil code, and particularly: - the First Book of the Civil Code (physical and juridical persons); - the Third Book (goods, property law, other rights on things); - the Fourth Book (obligations and their sources: contracts, negotiable instruments, unilateral promises, unjust enrichment, torts); - the Fifth Book (basic notion on enterprise and companies); - the Sixth Book (proof, law of limitation). Bibliography Reading list - G. IUDICA, P. ZATTI, Linguaggio e regola del diritto privato, latest edition, Cedam, Padova. - The Italian Civil Code; recommended G. DE NOVA (ed.), Zanichelli, Bologna, 2007, or P. SCHLESINGER (ed.), Cedam, Padova, 2007. Other materials - P. CENDON, L. GAUDINO, P. ZIVIZ, Come affrontare e superare l’esame di diritto privato, Giuffrè, 2007. - Other materials will be made available on the university web site before the beginning of the course. PRIVATE LAW AND CONTRACT LAW (CdL BE, EBA and CdL BF, EC, SCSBM) Prof. Luigi Gaudino Aims This course aims to provide the student with a basic knowledge of the fundamental concepts of private law as the most important instrument for economic relations, especially in the field of contracts. In order to reach this goal, the course starts by analysing the primary glossary of law (such as: right; source of law; interpretation). PROBABILITY FOR FINANCE Prof. Pio Andrea Zanzotto Contents Probabilty spaces. Random variables. Some relevant probability distributions. Principal limit properties for sequences of random variables. Discrete-parameter martingales: some important properties such as: Convergence theorems; Doob decomposition; Doob optional stopping theorem; Martingale transforms. Bibliography - N.H. BINGHAM, R. KIESEL, Risk-Neutral

prospectus udine 233 valuation - Pricing and Hedging of Financial Derivatives, Springer, 2000. Exam There will be a written examination and an oral one. PRODUCTION CYCLE TECHNOLOGIES Prof. Luciano Ceccon Contents 1. Technologies in production processes and commodity sciences: the scientific method applied to commodity sciences. 2. Waste production and management Waste classification. Solid urban waste and similar waste: production and technologies of disposal and/or management. Special waste. Liquid waste. Atmospheric emissions. 3. Energy sources Renewable and non-renewable energy sources. Fossil fuels: coal, oil, natural gas. Electric power. Nuclear fission; nuclear power plants. Renewable energy sources: nuclear fusion, geothermal energy, tide energy, wind energy, solar energy, biomass energy. Bibliography Recommended texts - A. LOKAR, Manuale di Tecnologia dei cicli produttivi - Qualità e innovazione nei sistemi operativi, Cedam, Padova, 1996. - A. FAVRETTO, G. SANTOPRETE, Energia dai rifiuti e dalle biomasse, Giappichelli, Torino, 1994. - L. CERE, L’energia - Un quadro di riferimento, Giappichelli, Torino, 2001. - F. ZONTA, P. MASOTTI, Economia e tecnologia delle fonti di energia, ETS, Pisa, 2001. PUBLIC ACCOUNTING Prof. Andrea Garlatti Contents The accounting system in public administration: a general framework. The forward budget. Methodology of recording financial operations. The final official report. Analysis of the forward budget and of the final report. The system of controls on accounting and official financial statements in public administration. Bibliography Will be given at the beginning of the course. Exam Written and (possible) oral test. PUBLIC MANAGEMENT Prof. Andrea Garlatti Contents First part Public administration as a system of independent economic units. Peculiarities of the decisional process and of the operational system. Public administration finance. Programming and control. Second part (management of utilities) Recent development of utility companies. The choice of an appropriate governance system in different situations: a general model. Application of the model to local Italian utility companies. Bibliography - E. BORGONOVI, Principi e sistemi aziendali per le amministrazioni pubbliche, Egea, Milan, 2004.

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

233<br />

valuation - Pricing and Hedging of Financial<br />

Derivatives, Springer, 2000.<br />

Exam<br />

There will be a written examination and<br />

an oral one.<br />

PRODUCTION CYCLE<br />

TECHNOLOGIES<br />

Prof. Luciano Ceccon<br />

Contents<br />

1. Technologies in production processes<br />

and commo<strong>di</strong>ty sciences: the scientific<br />

method applied to commo<strong>di</strong>ty sciences.<br />

2. Waste production and management<br />

Waste classification.<br />

Solid urban waste and similar waste: production<br />

and technologies of <strong>di</strong>sposal<br />

and/or management.<br />

Special waste.<br />

Liquid waste.<br />

Atmospheric emissions.<br />

3. Energy sources<br />

Renewable and non-renewable energy<br />

sources.<br />

Fossil fuels: coal, oil, natural gas.<br />

Electric power.<br />

Nuclear fission; nuclear power plants.<br />

Renewable energy sources: nuclear<br />

fusion, geothermal energy, tide energy,<br />

wind energy, solar energy, biomass energy.<br />

Bibliography<br />

Recommended texts<br />

- A. LOKAR, Manuale <strong>di</strong> Tecnologia dei cicli<br />

produttivi - Qualità e innovazione nei sistemi<br />

operativi, Cedam, Padova, 1996.<br />

- A. FAVRETTO, G. SANTOPRETE, Energia dai<br />

rifiuti e dalle biomasse, Giappichelli, Torino,<br />

1994.<br />

- L. CERE, L’energia - Un quadro <strong>di</strong> riferimento,<br />

Giappichelli, Torino, 2001.<br />

- F. ZONTA, P. MASOTTI, Economia e tecnologia<br />

delle fonti <strong>di</strong> energia, ETS, Pisa,<br />

2001.<br />

PUBLIC ACCOUNTING<br />

Prof. Andrea Garlatti<br />

Contents<br />

The accounting system in public administration:<br />

a general framework.<br />

The forward budget.<br />

Methodology of recor<strong>di</strong>ng financial operations.<br />

The final official report.<br />

Analysis of the forward budget and of the<br />

final report.<br />

The system of controls on accounting and<br />

official financial statements in public<br />

administration.<br />

Bibliography<br />

Will be given at the beginning of the<br />

course.<br />

Exam<br />

Written and (possible) oral test.<br />

PUBLIC MANAGEMENT<br />

Prof. Andrea Garlatti<br />

Contents<br />

First part<br />

Public administration as a system of<br />

independent economic units.<br />

Peculiarities of the decisional process and<br />

of the operational system.<br />

Public administration finance.<br />

Programming and control.<br />

Second part (management of utilities)<br />

Recent development of utility companies.<br />

The choice of an appropriate governance<br />

system in <strong>di</strong>fferent situations: a general<br />

model.<br />

Application of the model to local Italian<br />

utility companies.<br />

Bibliography<br />

- E. BORGONOVI, Principi e sistemi aziendali<br />

per le amministrazioni pubbliche, Egea,<br />

Milan, 2004.

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