FINANCIAL LITERACY

OECD defines Financial Literacy as "a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial wellbeing". Such a combination should be build around 4 thematic areas: "Money and transactions", "Planning and managing finances", "Risk and reward" and "Financial landscape".
The course aims to equip the student with practical tools that enable him to navigate independently in the financial world and to take the first steps to save (also for pension purposes) and invest in the long term.
"If you don't care about finance, finance will care about you sooner or later." (Anonymous)

a) Knowledge and understanding:
- knowing the terms commonly used to describe financial situation, issues and problems;
- knowing the functioning of basic financial products;
- understand the simple mechanics of interest rates, compounding, diversification. risk-reward trade-off.

b) Applying knowledge and understanding:
- ability to understand articles on financial issues (for example taken from newspapers and non-specialized press);
- ability to compute the underlying interest rate (or other convenient summaries) of simple financial operations like mortgages and consumer loans and makes sense of the numeric figure;
- ability to broadly assess the risk and rewards of some important asset classes and make sense of the legal documents provided by banks and other intermediaries.

c) Making judgements:
- ability to understand (some) relevant issues of everyday investments and comment on (some of) the advantages and drawbacks of financial products and individual allocations.

None, the course is included in a "minor" and devoted exclusively to students who are not enrolled in economic or managerial degrees.

The course will cover (some of) the following topics, also depending on students' tastes:

(Financial) interest, present and future value
Annuities, mortgages, loans
Investing in stocks and related risks
Investing in bonds and related risks
Mutual funds, Exchange Traded Funds (ETF) and pension funds
intermediaries and legal documents (KIID)
Sustainable finance and ESG
Discussion of cases.

Lecture notes, guides of the Bank of Italy and reports by OECD and other financial institutions.

Guided oral exam based on the discussion of 4 personalized questions. At the end of the course, you will be provided with a list of 5 questions:
- prepare and present an accurate answers to two questions taken from this list of 5;
- the third question is chosen by the professor (always from the same five);
- the fourth question can cover the entire programme.
At least two sufficient answers are required to achieve a passing grade.

Lectures, problem solving and group sessions, discussion of press articles. Some lectures will feature the participation of financial operators, bank officials and consultants.

Italian

The course is taught in Italian and is delivered in two periods (for a total of 10 weekly meetings, one for each week) at the S. Giobbe campus.

If you need something, say something (paolop@unive.it). More explicitly, if you are, say, color-blind, hearing impaired, diabetic T1, disabled or differently equal in any dimension, please let me know and we will find ways to improve feasibility, interaction and fun.

oral

This subject deals with topics related to the macro-area "Human capital, health, education" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development