ADVANCED INSTRUMENTS FOR SUSTAINABLE FINANCE AND IMPACT FINANCING-2

Academic year
2022/2023 Syllabus of previous years
Official course title
ADVANCED INSTRUMENTS FOR SUSTAINABLE FINANCE AND IMPACT FINANCING-2
Course code
EM1504 (AF:399116 AR:215016)
Modality
On campus classes
ECTS credits
6 out of 12 of ADVANCED INSTRUMENTS FOR SUSTAINABLE FINANCE AND IMPACT FINANCING
Degree level
Master's Degree Programme (DM270)
Educational sector code
SECS-S/06
Period
4th Term
Course year
1
Where
VENEZIA
Moodle
Go to Moodle page
This course is a compulsory 12-ECTS course that describes and analyzes the main financial instruments for sustainable finance and impact investing.
In particular, the first part of this course covers an overview of financial instruments and investment strategies. The second part of the course focuses on Social, Impact, Green, Transition, and Sustainable financial instruments and existing methods to incorporate sustainability into investment and financial decision-making.
The instructional goal of the 12-ECTS course is to acquire the knowledge and competencies to understand, manage and evaluate traditional financial instruments as well as provide an introduction to sustainable financing and investing and the quantitative models that allow for evaluation of them.
Students are expected to know the basic elements of Financial Mathematics, Calculus, and Statistics with a Bachelor's degree in Economics level.
1. Introduction to derivatives and markets in which they are traded: Forwards, futures, options, and swaps.
2. Fixed-income markets and types of fixed-income securities.
3. Equity markets and instruments.
4. ESG-driven investment
5. Climate-driven investment (decarbonization of a portfolio; green financial assets)
6. Portfolio performance evaluation (traditional and sustainability-corrected measures)
8. Green bonds and sustainability-linked loans.
9. Impact Financing.
1. Hull, J.: Options, Futures, and Other Derivatives, Pearson-Prentice Hall, 11e (global ed.) Chapters: 1,2,4,5,10,11,12,13,15,19

2. Staub-Bisang, M.: Sustainable Investing for Institutional Investors: Risks, Regulations and Strategies, John Wiley & Sons, 2012

3. Zvi Bodie, Alex Kane, Alan Marcus, Investments, 11th Edition, McGraw-Hill (selected chapters)

Further readings:
Schoenmaker, D., & Schramade, W. (2018). Principles of sustainable finance. Oxford University Press.
Fisher, P. (Ed.). (2020), Making the Financial System Sustainable. Cambridge: Cambridge University Press.
Impact Investing: Killing Two Birds with One Stone? Financial Analysts Journal, 76(4), 40 -52 (2020)
The exam is a written, closed-book exam, which consists of a combination of exercises, true/false questions, and multiple-choice questions on the material covered in class. The exam takes place at the end of the course and aims at assessing the analytical skills developed during the course. A mock exam will be posted on the course webpage in Moodle.

Project works will be assigned for intermediate evaluation.
Lectures supported by applied examples of discussed models.
English
Students are required to register for the related course web page of the university e-learning platform moodle.unive.it.
Additional information, updates, and further material on the course will be provided on the web page of the course in moodle.
written

This subject deals with topics related to the macro-area "Climate change and energy" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development

Goal 7: affordable and clean energy
Goal 13: climate action
Definitive programme.
Last update of the programme: 04/05/2023