The Master in Economics and Finance is a graduate program, that allows students to complete their training in economics providing them with a thorough understanding of the role and working of the state in modern economies.
The Master is a full-time, intensive course, with a maximum enrollment of 20 students. The Master offers courses taught in English and it is accessible to students of all countries. The diploma, issued by Università Cattolica, is recognized as a second level Master’s degree by the Italian Government.
The Master will allow students to acquire the needed knowledge and research experience in order to pursue further studies with a Ph.D. in Economics; allow them to integrate their academic experience with professional skills of theoretical and practical relevance.
Graduate students are invited to take part in the Seminar series, which is organized by the Department of Economics and Finance on a weekly basis. During the last two years, it has featured scholars from top European and U.S. Institutions, such as Northwestern University, University of Southern California, University of Maryland, European Central Bank, CEMFI-Madrid, Université de Toulouse, Tel Aviv University, Queen Mary College of London, and Universitat Autònoma de Barcelona.
Our research environment also benefits from many initiatives, such as the “Annual Lecture” in Political Economy, which, in recent years, has been delivered by prominent academics such as James Robinson (Harvard University), Peter Howitt (Brown University), Howard Rosenthal (Princeton University), and Daron Acemoglu (Massachusetts Institute of Technology - MIT).
Career opportunities & professional recognition
Students will be able to integrate their academic experience with professional skills of theoretical practical relevance for building a professional career in the research departments of banks, governments, and international organizations such as IMF, World Bank, OECD and ILO.
1st term (October 2016 - December 2016) ● Mathematics (8 ECTS/CFU)
2nd term (January 2017 - March 2017) ● Econometrics (10 ECTS/CFU) ● Microeconomics - Advanced Course (10 ECTS/CFU)
3rd term (April 2017 - July 2017) ● Macroeconomics - Advanced Course (10 ECTS/CFU) ● Research methods (6 ECTS/CFU) ● Public economics (6 ECTS/CFU) or Finance (6 ECTS/CFU)
4th term (August 2017 - September 2017) ● Project work (8 ECTS/CFU) ● Final examination (2 ECTS/CFU)
Project work and final exam
The Master is granted upon the completion of all the course- work and of a research project by which the candidate shows her/his ability to dominate the topics covered in the coursework undertaken in the first three terms. Typically the research project takes the form of a research paper written under the supervision of a member of the Master faculty or of a researcher approved by the Director of the Master. Under certain circumstances, a student may have the opportunity to undertake an internship on a project that is evaluated by the Director of the Master being consistent with the Master goals. In these cases, the research paper can be substituted by an essay detailing the results achieved during the internship, to be written under the supervision of a member of the faculty and/or of the external tutor supervising the internship activity. Both in the case of a research paper and of an internship essay, the candidate will have to defend the results of her/his research during an oral final exam, in which the overall performance of the candidate in the Master will also be assessed.
The Master is taught entirely in English to a fairly small but varied class of students from all over the world, by a faculty that is very active in research and well integrated in international professional networks. Occasional mini-courses and lectures by leading international scholars, as well as a year-long seminar series complete our offer.
Focus on policy and finance
Besides all fundamental coursework for todays economists, our students will be able to take classes in both public/political economics and/or finance, gaining the expertise to professionally evaluate the current policy debate or to enter the world of finance.
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The emphasis on political/public economics provides an ideal starting point for careers in central banks, governments and international organization such as ILO, IMF, or the World Bank. At the same time, the emphasis on finance paves the way for a career in the private sector in fields such as corporate finance, as well as asset and wealth management.
The Master provides students with all the essential tools and concepts to become accomplished economists. All courses are taught at an advanced level and are designed to build the key competences for successfully dealing with the demands of the best Ph.D. programs in Economics, or for starting a career in leading research institutions.
All scholarships are assigned on a merit basis and will be mostly given to students who apply by the priority deadline. Some scholarships may also target specific geographic regions.