HISTORY OF FINANCE

Single discipline educational activity

Course Sheet

Course code:

STF21

Academic Year of enrolment:

2023

Year of supply:

2023/2024

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in ECONOMICS AND FINANCE OF FIRM AND ECOSYSTEMS

Disciplinary Sector:

Economic History

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

NARDONE Paola

Cycle:

Second semester

Hours of classroom activity:

Individual study hours:

153

Prerequisites:

no prerequisite

Objectives

EDUCATIONAL TARGETS
The teaching is part of the general objective of the study course of providing knowledge on economic theories and the world financial system. The course aims to provide the student with the tools for a correct understanding and historical interpretation of economic phenomena.
EXPECTED LEARNING RESULTS

KNOWLEDGE AND UNDERSTANDING
At the end of the course, the student must be able to understand the evolution and historical dynamics of financial systems; the consequent financial dynamics and support for the development of ecosystems; the student will also have to be able to think critically about the evolutionary dynamics of finance, understanding the complex phenomena linked to finance and the economic development of states through a theoretical and empirical analysis.

APPLYING KNOWLEDGE AND UNDERSTANDING
At the end of the course students will be able to:
- identify the factors underlying financial crises
- apply the historical models that classify the phases of financial crises
- know the fundamental role of the political corrector in case of financial panic.
MAKING JUDGEMENTS
At the end of the course the student acquires methodologies and conceptual tools useful for developing analyzes and interpretations of financial phenomena in historical evolution.
COMUNICATION SKILLS
At the end of the course the students will be acquired the following communication skills
- properly use the economic language
- rigorously outline the dynamics inherent to historical finance.
LEARNING SKILLS
During the course, the student develops a study capacity suitable for analyzing financial evolution and problems in a medium and long-term historical perspective.

Contents

The course focuses on the study of finance and its evolution, starting from the 11th century up to the present day. A first part focuses on the finance of public institutions, to which is added that of private individual. We start from the birth of financial systems, we follow their evolution over time and in geographical space, we analyze the causes and reasons for the financial crises that have occurred over the centuries, up to the study of today's national cases.

Extended Syllabus

Part I:
- birth of finance and financialization of the economy;
- from the Balance Sheet to the Tax State (XI-XV centuries);
- the formation of the fiscal military State (XVI-XVIII centuries);
-from the State minimum to the welfare state (XIX-XX centuries).
Part II:
- business and finance in pre-industrial Europe;
- joint-stock company and English capitalization;
- managerial capitalism and the capital market;
- financial systems geared to intermediaries: banks and corporate governance;
- corporate finance and banking system in Italy
Part III:
- the financializing' process of the economy;
- financial crises in history,
- the subprime mortgage crisis

Recommended Bibliography

Book 1) M. CARBONI. Stato e finanza pubblica in Europa dal Medioevo a oggi. Un profilo storico, Giappichelli, Torino, 2008 (available on e-learning platform).
Book 2) M. FORNASARI, Finanza d’impresa e sistemi finanziari. Un profilo storico, Giappichelli, Torino 2008;
3) Material provided by the teacher.

Teaching Methods

The course includes 72 hours of teaching. The lectures will be held by the teacher in form of frontal classes, this provide a strong interactive component between teacher and students. Attendance is optional, but recommended.in the event of a health emergency, the Teams platform for distance learning will be activated during lessons for students who will not be present in the classroom.

Evaluation methods

Verification of learning:

Final examination: Oral
Modalities for learning verification: learning verification is based on an oral examination, through questions aimed at assessing students' knowledge of the teaching material, independence and communication skills.
a) Failure to pass the exam: insufficient preparation.
b) From 18 to 21: sufficient preparation in relation to learning the main fundamentals of the history of finance and the historical dynamics of financial systems. Sufficient ability to identify the factors underlying financial crises and the role of the political corrector. Sufficient autonomy of critical judgment and ability to use the economic lexicon.
c) From 22 to 24: fully sufficient preparation in relation to learning the main fundamentals of the history of finance and the historical dynamics of financial systems. The ability to identify the factors underlying financial crises and the role of the political corrector is entirely sufficient. The autonomy of critical judgment and the ability to use the economic lexicon are completely sufficient.
d) From 25 to 26: good preparation in relation to learning the main fundamentals of the history of finance and the historical dynamics of financial systems. Good ability to identify the factors underlying financial crises and the role of the political corrector. Good autonomy of critical judgment and ability to use economic vocabulary.
e) From 27 to 29: very good preparation in relation to learning the main fundamentals of the history of finance and the historical dynamics of financial systems. The ability to identify the factors underlying financial crises and the role of the political corrector is very good. The autonomy of critical judgment and the ability to use the economic vocabulary are very good.
f) From 30 to 30 cum laude: excellent preparation in relation to learning the main fundamentals of the history of finance and the historical dynamics of financial systems. Excellent ability to identify the factors underlying financial crises and the role of the political corrector. The autonomy of critical judgment and the ability to use the economic vocabulary are excellent.

Contacts/More Information

e-mail: paola.nardone@unich.it

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree

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