MSC in Economics

University of Siena

Program Description

MSC in Economics

University of Siena


from 09:00 to 09:40 am Presentation of the master degree courses by the Heads of the Department of Political Economics and Statistics, Prof M. Vasta, and the Department of Business and Legal Studies, Prof R. Di Pietra, or their Deputies:

  • Finance
  • Economics
  • Economics and Management of Financial Intermediaries
  • Management and Governance
  • Statistics for sample surveys
  • A Graduate of the School of Economics and Management will share his/her experience

from 09:40 to 10:20 am Presentation of the Master degree courses by the Head of the Department of Political and International Sciences, Prof Stefano Maggi, and by the vocational guidance and counselling Deputy, Prof Fabio Casini

  • International Sciences
  • Political and administration Sciences

from 10:20 to 11:00 am Presentation of the Master degree courses by the Study Course Presidents and by the Vocational Guidance and Counselling Services Department Deputies:

  • Public and Cultural Diplomacy
  • Language and Mind: Linguistics and cognitive studies
  • Communication strategies and techniques
  • Anthropology and image languages
  • Language: Italian or English (level B2 required)
  • Specializations: Economics for the environment and development (taught in Italian),
  • Economics (taught in English); double degree: University of Ljubljana (Slovenia) or University
  • of Uppsala (Sweden)
  • Years: 2
  • Numerus clausus: No

The MSc in Economics is a two year graduate programme that aims to provide an advanced level of education in economics. The program is built on four core courses — mathematics, microeconomics,macroeconomics and econometrics — in order for students to acquire advanced tools for economic analysis, and offers a wide array of specialized topics in most fields of modern economics. The programme is designed to give our students the ability to approach a wide variety of economic and social issues. Moreover, the cultural tradition of the Department of Economics in Siena has always favoured a pluralistic approach to the analysis of economic problems, in the belief that exposure to competing theoretical perspectives facilitates understanding of economic phenomena. In the same spirit, Siena has always encouraged "contamination" of the economic approach with other disciplines, such as other social sciences, history, law, as well as biology, psychology, etc.

To be admitted to the MSc in Economics, candidates should possess:

  • skills and competencies in mathematics and statistics;
  • notions of micro and macroeconomics at an intermediate level;
  • basic skills in econometrics;
  • a certified English skill of level B2.

Normally, students admitted hold a three-year degree (B.A.) in economics, or a in business with strong quantitative competencies. Students with a B.A. in other social sciences can be admitted if they show to possess good competencies in economics.

Students with a strong background in mathematics and statistics may be admitted even if they have no previous training in economics. Candidates can be admitted on the basis of their GRE score in the quantitative section (a score equal or higher than 760, though not strictly required, is recommended).

Study Plan 2015/16

Specialization Economics taught in english

first year

  • Mathematics for Economic Applications 6 ECTS
  • Microeconomics I&II 12 ECTS
  • Macroeconomics 6 ECTS
  • Econometrics I&II 12 ECTS
  • Public Economics 6 ECTS
  • International Management 6 ECTS
  • English for Economics & Business 6 ECTS

second year

  • 3 electives in Economics (choice among the following): Monetary Economics 6 ECTS, Growth and Development 6 ECTS, Economic Dynamics 6 ECTS, Industrial Organization 6 ECTS, Economic Analysis 6 ECTS, Behavioral Economics 6 ECTS, Economic Organization and Theories of the Firm 6 ECTS, Optimization 6 ECTS
  • Financial investments and risk management 6 ECTS
  • 1 elective in Economics (choice among the following): International banking and financial regulation 6 ECTS, Competition Law and Policy 6 ECTS
  • Others at student’s choice 12 ECTS
  • Other activities 3 ECTS
  • Thesis 21 ECTS


In order to apply to the 2016/17 academic year you will have to send all your documents to the Academic Committee of the course you are interested in for the evaluation and you will be able to do that (approx. from mid January 16 on) through an online platform that you will find at this link:

For second cycle (laurea magistrale) degree programmes taught in English (documents must be submitted in English)

  • evaluation form (please note: the form must be completed in all parts)
  • curriculum vitae
  • transcript of records of the first cycle degree possessed
  • certificate of proficiency in English, with language level
  • copy of passport or identity card


Tuition fee for the MSc courses can be up to around 2000 euros per academic year but part of the fee is based on your family income and students are required to produce an official declaration of the economic status of the family unit for the previous year issued by the home country tax office, legally translated into Italian with the Embassy/Consulate duty stamps.

Tuition fees have to be paid in three different moments: the first part when you complete the enrolment procedure, the second in January, the third part in May.

Scholarship and accommodation

Scholarship and accomodation are not granted by the University itself but by the DSU and are based on family income and merit. Call for scholarship and accomodation is usually out in the month each year so we advise you should keep an eye on their website

This school offers programs in:
  • English
  • Italian

Last updated July 18, 2017
Duration & Price
This course is Campus based
Start Date
Start date
Oct. 2017
2 years
Full time
Italy - Siena
Start date: Oct. 2017
Application deadline Request Info
End date Request Info
Oct. 2017
Italy - Siena
Application deadline Request Info
End date Request Info