Economics (LMEC)

Our Master's program in Economics aims at providing a rigorous training in economics. Students who complete the program will be endowed with the skills required for a technically demanding job or admission to excellent doctoral programs worldwide.

At the end of the LMEC students will have acquired a thorough knowledge of macroeconomics, microeconomics and econometrics. The program favors research methods and thus leads to advanced command over quantitative tools within a multi-disciplinary context.

In the last three years, LMEC students have been admitted to prestigious Ph.D. programs in Economics at top ranked schools such as MIT, Chicago, Stanford, Penn, Berkeley, British Columbia, Boston University, Boston College, Pompeu Fabra, London School of Economics, Stockholm and others.

Expected learning outcomes

The 2nd cycle degree programme in Economics trains economists with a solid grounding to the highest European and international standards, based on the competencies acquired in 1st cycle studies as required in Article 1 of the Degree Programme Regulation - Regulations.

The programme focuses on learning privileging research methods in the economic field, leading to a strong command of quantitative instruments.

These learning outcomes are achieved through a coordinated set of approaches including:

• (i) study of the central core of micro and macro-economic theory and quantitative analysis techniques;
• (ii) development of skills in specific survey fields, to apply the instruments acquired;
• (iii) use of economic methods and the quantitative techniques of the various fields of application to analyse and understand current economic and social problems;

The 2nd cycle degree programme includes core course units in economics, mathematics, statistics, legal and business and econometrics. Developing on these fundamental areas, students then have the possibility to further study specific issues linked to labour economics, industrial economics, international economics, public economics, development economics and economic policy.

Career Opportunities

Economist

function in a professional context:

2nd cycle graduates are experts of micro- and macroeconomic systems.

In a professional context, the economist performs the following functions:

• a) Carries out research activity;
• b) Provides economic and financial consulting services;
• c) Performs operational tasks in financial institutions and banks;
• d) Interacts with public administrations, regulatory authorities and international institutions;
• e) Analyses macroeconomic developments and economic policy;

To acquire an appropriate level of responsibility and autonomy in economic research, the further competencies required can be obtained from continuing studies to PhD level in economics.

Competencies associated to the function:

The following specific knowledge is required:

a) Modern mathematical and statistical techniques applied to economic and financial markets to understand their operation and forecast future trends;

b) The main micro and macro-economic theories for analysing national and international economic phenomena and the behaviour of their stakeholders;

In addition to self-learning and lifelong learning skills, graduates will possess appropriate transversal skills:

• - communication and interpersonal skills;
• - organisational and management skills;
• - programming skills;

in line with the assigned levels of autonomy and responsibility, the organisational and work methods adopted and the key stakeholders (colleagues, other professionals and public and/or private customers).

Career opportunities:

• - Academics;
• - International organisations;
• - Public and private research bodies;
• - Consulting firms;
• - Private businesses;
• - Financial institutes and banks;
• - Non-profit organisations;
• - Innovative areas of the public administration;
• - Regulatory authorities;
• - Economic press;

Classes will be held in the following terms: First term (from 17/9 to 21/10/2014); Second term (from 3/11 to 6/12/2014); Third term (from 16/2 to 20/3/2015); Fourth term (from 13/4 to 15/5/2015); Lesson Hours: 3 ECTS (CFU) = 15 hours; 6 ECTS (CFU) = 30 hours; 12 ECTS (CFU) = 60 hours.

First Year

attività formative obbligatorie

• Microeconomics (I.C.)

28873 Microeconomics 1

28874 Microeconomics 2

• Quantitative Methods for Economic Analysis (I.C.)

28895 Mathematical Economics

37679 Statistics LM

• Econometrics (I.C.)

28885 Econometrics 1

34481 Econometrics 2

• FINANCE (I.C.)

47649 Corporate Governance

28233 Financial Institution Management

• Macroeconomics (I.C.)

28876 Macroeconomics 2

28875 Macroeconomics 1lessons from 8/9 to 19/9/2014

• Crash Course in Mathematics

• Crash Course in Statistics

Second Year

attività formative obbligatorie

• Capital Market Regulation
• Final Examination LM

1 insegnamento a scelta tra (6 CFU) (6 CFU)

• Macroeconomics 3
• Econometrics 3
• Microeconomics 3

3 insegnamenti a scelta tra (18 CFU) (18 CFU)

• Economic Development
• Imperfect Capital Markets, Liquidity And Crises
• Macroeconomics 3
• Monetary Policy in Dynamic Macroeconomic Models - Not available for the year 2014/2015
• Public Economics - Not available for the year 2014/2015
• Casuality in Microeconometrics - Not available for the year 2014/2015
• Econometrics 3
• Introduction to the Econometrics of Asset Pricing
• Labor Economics
• Political Economy In Macroeconomics
• Economic Theory Of Institutions
• Economics Of Innovation
• Entrepreneurship: Economics And Policy - Not available for the year 2014/2015
• European Economic History - Not available for the year 2014/2015
• Microeconomics 3
• THEORY AND EMPIRICS OF COMPARATIVE DEVELOPMENT
• Topics in the Economics of Ageing and Pension Provision

A scelta tra seminari o altra idoneità linguistica (3 CFU)

• Other Foreign Language Pass/Fail Examination
• Seminars

attività a scelta dello studente (12 CFU)

• BEHAVIORAL ECONOMICS
• INTERNATIONAL TRADE: THEORY AND APPLICATIONS
• Topics In Macroeconomics
• Topics in Microeconomics

1. Admission to the 2nd cycle degree programme in Economics is subject to the possession of appropriate knowledge of economic theory and quantitative analysis.2. Admission to the 2nd cycle degree programme is also subject to the possession of the following curricular requirements:- A 1st cycle degree in one of the following classes, or other suitable qualification obtained abroad:ex Italian Ministerial Decree no. 270/04: L-33 Economic Sciences L-18 Economic and Business Management Sciences L-36 Political Sciences and International Relations L-41 Statistics L-9 Industrial Engineering L-30 Physical Sciences and Technologies L-31 Computer Sciences and Technologies L-35 Mathematical Sciencesex. Italian Ministerial Decree no. 509/99: class 28 (Economic Sciences) class17 (Economic and Business Management Sciences) class 15(Political Sciences and International Relations) class 37 (Statistical Sciences) class 10 (Industrial Engineering) class 25(Physical Sciences and Technologies) class 26 (Computer Sciences and Technologies) class 32 (Mathematical Sciences)Previous four-year degree programme system: Degree in Economic Policy, Economics and Trade, Business Economics and equivalent.3. If no degree certificate is held by the candidate, admission to the 2nd Cycle Degree Programme is subject to assessment by a Board to ascertain the required skills and competencies through the assessment of the candidate's curriculum.If the Board considers the level of the candidates' knowledge and skills to be satisfactory, they will be allowed to enrol in a test to assess their personal competencies and skills.4. Admission to the degree programme is subject to the assessment of knowledge and skills in the English language to level B2, by the University Linguistic Centre.Students holding a corresponding language certification may be exempted from sitting this exam.5. Admission to the Second Cycle Degree Programme is in any case for all candidates subject to the possession of the established curricular requirements and to the assessment of personal competencies and skills by a Board appointed by the Degree Programme Board (which may be that indicated in paragraph 3). Personal competencies and skills will be assessed through the examination of the curriculum in line with the procedures indicated in the admission procedure.6. Second Cycle Degree Programmes may include a specific session for international students, appointing aBoard to assess personal competences and skills, compatibly with the schedule laid down in the call for applications for study grants (the deadline of which is indicatively in May).International students who pass the above-mentioned entrance exam are exempted from the following assessment of their personal competencies and skills required for students generally English Language Requirements IELTS band: 6.5 TOEFL paper-based test score : 550 TOEFL iBT® test: 80

The University of Bologna offers Unibo Action 2 study grants to deserving international students, who wish to register for Second Cycle Degree Programmes in A.Y. 2014/2015.

The grants, worth € 11,000 gross, are assigned on the basis of the GRE (Revised General Test) test scores. Read the full information on the requirements and the application procedure in the call for applications, available on the website of the University of Bologna.

The deadline to apply for these grants is March 31st, 2014.