Statistics, Finance and Actuarial sciences

Learning goals The course aims to provide the bases for the understanding of asset-liability management schemes and for the principal portfolio management strategies. Knowledge and understanding After attending the course the students have learned the principles of semi-deterministic and stochastic financial immunization, and the main portfolio management strategies, including those of "portfolio insurance". They are able to verify the role of financial assumptions in the management strategies. Applying knowledge and understanding After attending the course the students are able to formalize the problems of asset-liability and investment strategies in a stochastic environment. Making judgements Students develop critical skills by comparing different financial hypotheses applied to the same problem, also with the help of numerical examples. Communication skills Students, through the study of theory and practical exercises, acquire the technical-scientific language of the discipline, which must be used appropriately in the oral examination. Learning skills Students passing the exam have learned a method of analysis that allows them to tackle investment problems involving more complex financial instruments and a broader sets of risks.