University of Milan - Department of Economics, Management and Quantitative Methods

Introduction

About us

The University of Milan is a public teaching and research university, which - with 8 faculties and 2 schools and a teaching staff of more than 2000 professors - is distinguished by its wide variety of disciplinary fields.

A leading institute in Italy and Europe for scientific productivity, the University of Milan is the largest university in the region, with approximately 64,000 students; it is also an important resource for the socio-economic context of which it is a part.

Milan is, in fact, the capital of Lombardy, one of the most dynamic and international regions in the European Union, a leader in the national economy that stands at the Italian forefront of research and development investments and commitment to technological innovation.

The University of Milan also possesses a remarkable artistic and cultural heritage that includes important historic buildings, inherited and acquired collections, archives, botanical gardens and the old Brera Observatory commissioned by Maria Teresa of Austria.

The University’s departments are housed in important historic edifices in the centre of Milan and in modern buildings in the area known as Città Studi (the City of Studies).

Among the palazzos that house the University’s facilities are the old Ca' Granda (the big house) – a monumental complex from the 15th-century in the heart of the historical city centre - the 18th-century Palazzo Greppi designed by Giuseppe Piermarini – who built the Scala Theatre in Milan – and the 17th-century Sant’Alessandro College commissioned by the Arcimboldi family.

The book collection, which is one of the richest in the region, is preserved in 47 libraries, while the APICE Centre collects rare and valuable book stocks and archives.

The University also has a Choir and its own Orchestra, which actively contributes to the cultural life of the city and receives international acknowledgements on an increasingly frequent basis.

Department of Economics, Management and Quantitative Methods

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The Department of Economics, Management, and Quantitative Methods (DEMM) is one of the top-rated Italian departments of economics and related studies according to a number of international rankings.

Our Department is brand new: it was established on April 27, 2012. Yet, its origins can be traced back more than forty years, when the institutes, the departments and the research centers that recently merged to give rise to the new Department were founded. Since then the members of all these institutions have produced high-quality research on a wide range of topics, publishing their products in the best national and international journals. Our web pages devoted to the Department’s research activities illustrate the main themes pursued by our researchers and the most important results they have been able to reach.

The research interests of our staff directly inform our teaching and the design of our curriculum. We offer a number of taught undergraduate and postgraduate programs and research degrees in both Italian and English. Among the programs taught in Italian we recall the BA degree in Economia e management and the two-year master’s degree in Management dell’innovazione e imprenditorialità. Among the programs taught in English we recall the two-year master’s degrees in Economics and Finance, Environmental and Food Economics and Economics and Political Science, all of them directly run by the Economics Department, as well as the PhD program in Economics, run by the Lombardy Advanced School of Economic Research (LASER), a interuniversity school based at the Department. We also cooperate with other departments in offering joint interdisciplinary degrees in a number of related fields. Among the latter, we recall in particular the Politics and Economics curriculum, a track of the BA degree in Political Science which is entirely taught in English.

We try to be as clear as possible on what we expect from our students and what our students can expect from us. We also try to describe what we plan to undertake as accurately as we can. The Department supports students’ societies and alumni associations which, in cooperation with the Department’s and the University’s placement offices, play an active role in providing stage and employment opportunities. A high percentage of our graduates find a job immediately after graduating or carry on studying in more advanced programs. We encourage you to explore our web pages devoted to the Department’s teaching activities to get further information on the several opportunities the Department can provide.

This school offers programs in:
  • English
  • Italian

View master programs »

Programs

This school also offers:

Master

Master in Economics and Finance (MEF)

Campus Full time 2 years October 2017 Italy Milan

Economics and Finance is an exclusive master programme aimed at providing an excellent academic background and a practical sense of today's financial markets and international economy. [+]

Course Objectives and Structure Economics and Finance is an exclusive master programme aimed at providing an excellent academic background and a practical sense of today's financial markets and international economy. The Master degree in Economics and Finance is a genuinely multidisciplinary programme, offering a well-balanced set of courses in economics and finance supported by several quantitative courses. Graduates of this master course will receive advanced training on quantitative methodologies and tools suitable to interpret and analyze the economic and financial phenomena and to operate directly on financial markets or in international economic institutions. The study program is designed to provide the students with solid background through the development of topics of economic theory, analysis of international financial markets and the theory of decision making under uncertainty. It includes study of financial markets from both the point of view of international law, history and economics. The first year establishes the capabilities in statistics, mathematics and computational techniques necessary for the analysis of financial data and economic time series. The second year of the master program is organized in two curricula. The first, Financial Economics, is dedicated to the training of economists capable of operating at international institutions or central government level in both the financial and economic sphere. The second curriculum, named Quantitative Finance, is aimed at preparing financial specialists capable of operating in the areas of pricing of derivatives, portfolio management, risk management and control in the financial sector. Entry Requirements The successful candidate of the Master program in Economics and Finance should have adequate knowledge of mathematics, microeconomics, macroeconomics, econometrics and statistics at undergraduate level. Applicants have to submit their curriculum vitae, the transcript of exams and academic career, a motivation letter. Candidates can optionally ask their advisors to provide a presentation letter. Applicants satisfying the entry requirements will be asked for a telematic interview aimed at substantive verification of their background, their motivations and their fluency in English. Career Prospects The master course in Economics and Finance aims at forming the following professional profiles. "Analyst and financial adviser": the professionals included in this category make suggestions for investment and give technical advice to managers on which they depend functionally; assist the management of financial investments through the economic and financial analysis of market data; propose predictive models of economics, financial times series and provide guidance for the calibration of theoretical models using market data. They operate in the office of financial management of banks, investment firms, investment funds, banks, financial intermediaries, research and financial statement purposes. They also work as private consultants. "Operator of financial markets and financial intermediary": the figures included in this category act directly or on behalf of their company in the financial markets or as brokerage agents, also assist the company in the interaction with the regulatory authorities in the markets thanks to a thorough knowledge of the rules that govern them. They operate in the office of financial management of banks, investment firms, investment funds, banks, financial intermediaries, research and financial statement purposes. "Manager or Director of the departments of finance, financial institutions or international economic institutions". The occupations included in this category exercise managerial functions of high responsibility in private and public companies with an international vocation, in finance, risk management and credit. Skills: baggage of theoretical knowledge of economic-legal type for the management of economic institutions and private companies or in banking and financial institutions operating in international contexts. They operate private or public companies in industry and services to businesses, banks and similar institutions, and international and governmental institutions. "Professionals in the management of programs and projects of international development": the occupations included in this category contribute to the formulation, management, monitoring, reporting of programs and projects of business development and market expansion within the international arena. They operate private or public companies of industry, trade, business services, banks and similar institutions, and international and governmental institutions. Study Plan Courses common to both curricula: I YEAR Advanced Macroeconomics Advanced Microeconomics Data Mining and Computational Statistics Financial Investments International Economic Law Mathematical Methods and Modeling Risk Assessment and Management Time Series Analysis II YEAR Decision Theory and Behavioural Economics Financial Markets and Financial Crises: A Historical Approach Total number of common CFU : 66 Curriculum: Financial Economics II YEAR Asset pricing Financial Contracts Money and Finance Curriculum: Quantitative Finance II YEAR Numerical and Statistical Methods for Finance Portfolio Optimization Risk Theory Total number of CFU at the end of each curriculum: 84 Students must earn 12 CFU for elective activities. and 3 CFU by selecting an Internship/Stage. The preparation of the finanl disseration consists of 21 CFU which completes the 180 CFU. [-]

Master in Economics and Political Science (EPS)

Campus Full time 2 years October 2017 Italy Milan

EPS is an international course entirely taught in English with a highly qualified interdisciplinary learning track, integrating advanced analytical tools in Economics, Political sciences and Quantitative methods. [+]

Course Objectives and Structure EPS is an international course entirely taught in English with a highly qualified interdisciplinary learning track, integrating advanced analytical tools in Economics, Political sciences and Quantitative methods. The EPS degree is a multidisciplinary programme, presenting a balanced offer of courses in economics and political science and quantitative methods. During the first year, students will be trained in advanced general tools of the three disciplines, whereas in the II year teaching focuses on advanced topics in the domains of international economics and politics. Training also includes internships in international organizations, or businesses, in-house laboratories and the writing of a final dissertation. During their career, EPS students can also take advantage of double degrees and mobility agreements with leading worldwide universities (Université catholique de Louvain, Peking University Shenzen, Universidad Carlos III de Madrid, Sciences Po Paris, Universität Mannheim and others). Entry Requirements Undergraduate degree Applicants should have earned at least 60 ECTS credits or equivalent in the following fields: business administration, computer science, economics, law, management, mathematics, philosophy, political science, sociology or statistics. English language proficiency The knowledge of English will be assessed during the admission interview. A IELTS or TOEFl will be taken in account. Mathematics and Quantitative methods background Applicants must have earned at least 6 ECTS credits in Mathematics or Quantitative methods. Candidates lacking this requirement will have to attend a crash course in Mathematics. Crash courses is Statistics and Microeconomics are also offered. Scores in GRE or GMAT will also be taken in account in evaluating of the application. Career Prospects The EPS degree is designed to train students in advanced methodologies, analytical tools and quantitative and qualitative techniques used in all fields of economics and political science. EPS graduates will be ready to undertake a wide array of career paths in multinational companies, political institutions, public organizations, and other professions demanding high intellectual skills, robust technical competencies and versatile knowledge. They will also be well prepared to engage in further academic research in top PhD programmes. 91% of the EPS graduates in 2012 are actively employed or have enrolled in PhD programs. Among them, 41% are now based abroad and 59% in Italy. 37% are analysts or consultants in marketing/sales sector, 11% work as analysts, brokers or consultants in banking/finance/insurance sector, 11% in international organizations and public administrations, 8% work in Web/Tv sector, 7% in public relations sector. Finally, 26% are pursuing a PhD, in Italian and foreign universities. Study Plan I YEAR Optimization Game theory Research methods Advanced microeconomics International Economic Law Positive political theory Advanced macroeconomics Comparative politics II YEAR Global firms and markets Curriculum I – International economics and politics International political economy Governance of the European Union Curriculum II – Globalization, inequality and social policy Comparative welfare states Social justice in a global world Elective activities 3- credit activities (advanced computer skills; advanced foreign language; internship; laboratory) 21- Dissertation [-]

Master in Environmental and Food Economics (EFE)

Campus Full time 2 years October 2017 Italy Milan

The Environmental and Food Economics Master’s program aims at providing students with advanced skills and a complete training in economics of the environment and of the agri-food sector. [+]

Course Objectives and Structure The Environmental and Food Economics Master’s program aims at providing students with advanced skills and a complete training in economics of the environment and of the agri-food sector. The program provides advanced expertise in economics and business disciplines, quantitative methods, and specific theoretical and applied knowledge in environmental and resources economics and in the economics and management of the agri-food system. The aim is to provide advanced knowledge and instruments for sustainable economic development, natural resources management (water, soil, energy), innovation in the agri-food sector, internationalisation of agri-food companies, food security and rural development, and policy analysis in related fields. In the first year, after key courses in mathematics and econometrics, the master proposes a balanced organization between common core teaching in the areas of business (Accounting, Environmental management), economics (Advanced microeconomics, Environmental economics) and agri-food economics (Food economics, International agri-food markets and policy). During the second year, students might choose to specialize further in one of the two fields: Environmental and Energy Economics or Economics and Management of the Agri-food System. Entry Requirements Applicants must have a bachelor’s degree in economics, environmental science, agricultural and food science, or related fields. A minimum background in mathematics, economics and statistics is required. Candidates lacking this background are invited to follow crash courses that will be held starting from the last week of August. Fluency in spoken and written English is also required. All students who meet the above requirements are admitted to an interview. The interview, done remotely via electronic devices if necessary, is aimed at verifying the motivations of the candidates, the above-mentioned skills and the knowledge of English language. Career Prospects The Environment and Energy Economics curriculum is more oriented to the world of institutions (public and private), with job opportunities in national, EU, and international institutions, like energy authorities, OECD, European Commission, as well as public and private research organisations and research departments of large national and multinational companies. The Economics and Management of the Agrifood System curriculum is more oriented to private companies with job opportunities in agri-food firms (small and medium enterprises, multinationals, retailers) as well as in national, EU, and international institutions that carry out research on agrifood policies and rural development issues, like FAO, World Bank, OECD, and the European Commission. Study Plan Compulsory learning activities I YEAR Advanced microeconomics Economics and politics of the agrifood sector Agrifood economics International agrifood markets and policies Environmental accounting and management Accounting Environmental management Environmental and natural resource economics Mathematics for economics Statistics and econometrics II YEAR Economic history Environmental and food law Curriculum: Environmental and energy economics Economics of growth and sustainability Energy economics Global and climate change economics Curriculum: Economics and management of the agri-food system Food chain in the global market Food marketing and consumer behavior Food security and rural development Elective activities common to both curriculum 9 ECTS for elective activities 3 ECTS for stage and internship 21 ECTS Final exam [-]

Master in Management Innovation and Entrepreneurship

Campus Full time 2 years September 2017 Italy Milan

Innovation and entrepreneurship are the two fundamental levers on which sustainable development of firms and Countries is built upon. [+]

Innovation and entrepreneurship are the two fundamental levers on which sustainable development of firms and Countries is built upon. With the Master degree in Innovation Management and Entrepreneurship, the University of Milan aims at training future managers and entrepreneurs with skills to start-up new businesses and govern the complex processes of social and organizational change implicit in the development of innovation. Our graduates work in both exiting firms and brand-new start-ups. In existing firms, they are involved in the management of innovative projects and provide their expertise in the fields of project management, knowledge management and social and digital media marketing. In brand-new start-ups, they can actively contribute to the work of the entrepreneurial team by providing specific competencies in the fields of business modelling, fundraising and management of financial resources. The second year of the Master program is organized in two curricula. The first, named innovation, is oriented toward those students more interested in pursuing a carrier as innovation manager in exiting firms, public and private institutions. The second, named entrepreneurship, focus on those students interested on getting involved in the starting up of new firms or working for incubators and venture capitalists as consultants for the evaluation and starting up of new firms. [-]