GENERAL COURSE STRUCTURE

Transcript

ECTS
Business and Management
Economics and Finance
Academic Year 2013/2014
LLP ERASMUS
Edited by:
The Student Exchange Office
Viale Romania, 32
00197 Rome - Italy
Rome, October 2013
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▌TABLE OF CONTENTS
Page
Introduction – What is ECTS?
4
Education in Italy
7
LUISS Guido Carli
10
The Department of Economics and Finance
The Department of Business and Managemnt
21
Bachelor Courses
- General Course Structure
25
- Description of courses
41
- Summary Table of Courses
90
- Prerequisites
99
Master’s Courses
- General Course Structure
102
- Description of courses
126
- Summary Table of Courses
157
The School of Management
168
Useful information for Guest students
169
How do I apply for a period of study at LUISS?
176
2013-2014 Academic calendar
178
Exchange deadlines – Academic Year 2014-2015
180
LUISS Guido Carli and ECTS - Grading System
181
FAQ – Frequently Asked Questions
182
LUISS Guido Carli – Area Map
188
All information contained in the package, while true at the time of publication, is subject to modification
and should therefore be checked appropriately.
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▌INTRODUCTION
What is ECTS?
The European Community promotes inter-university co-operation as a means for improving the
quality of education to the benefit of students and higher education institutions alike. Student
mobility constitutes a primary feature of that co-operation. The LLP Erasmus programme clearly
demonstrates that a study period abroad can constitute a particularly precious experience, not
only being the best way to discover countries, ideas, languages and cultures different from one's
own but also because it is gaining a growing importance in the evolution of university and
professional careers.
The creation of a single European area in the field of education, where students and teachers
can move freely without barriers, goes upon the recognition of the studies undertaken and the
qualifications achieved abroad. For this reason ECTS - the English acronym for the European
Community Course Credit Transfer System - was born, originally as a master plan within the
framework of the previous Erasmus programme, with the aim of promoting academic recognition
of studies undertaken abroad. The European Commission decided to include ECTS in the Socrates
programme, in particular within Sector I reserved to higher education (Erasmus), given the
conclusive effectiveness of the ECTS system. After the first stage planned for a limited
application, ECTS is now becoming much more meaningful to the extent of becoming a
permanent feature of the European context of higher education.
ECTS is above all pursuing transparency, establishing the conditions necessary to bring
institutions closer together and broadening the range of choices offered to students. Its
application facilitates the recognition of students' academic results through to the use of widely
understood standards - credits and grades - as well as a better understanding of the national
systems of higher education.
ECTS goes upon three basic elements:
1) Information on study plans and student results,
2) Reciprocal agreement (between the participating institutions and the student) and
3) The use of ECTS credits (values representing the working load done by the student).
Principal Features of ECTS
ECTS is thus founded upon three basic elements: information on study plans and student results,
reciprocal agreement (between the participating institutions and the student) and the use of
ECTS credits (values representing the workload done by the student). These three basic elements
are effective through three fundamental documents:
1) The information brochure,
2) The application form/learning agreement and
3) The transcript of records, as to the studies done.
But the essential aspect is that ECTS is activated by the students, the teachers and the
institutions which intend to make studying abroad a whole part of the learning experience.
Indeed, ECTS does not, in any way, determine the contents, the structure or the equivalence of
study programmes. These qualitative aspects must be decided upon directly by the higher
education institutions in the moment of setting, either through bilateral or multilateral
agreements, the basis for a viable co-operation. The code of good practice proposed by ECTS
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offers the interested parties the tools suitable to pursue transparency and academic
recognition.
Full academic recognition is a sine qua non condition of student mobility within the framework
of the LLP Erasmus programme. Full academic recognition requires the period of study abroad
(including exams and other forms of evaluation) to effectively substitute a comparable period of
study (including exams and other forms of assessment) in the institution of origin
notwithstanding the fact that there may be differences in the contents of the programme.
ECTS goes on voluntary use and reciprocal trust at academic level among the participating
institutions. Every institution chooses its own partners.
Transparency
ECTS guarantees transparency through the following instruments:
 ECTS credits, - a numerical value assigned to a course unit – which represent the working
load that a student must undertake in order to complete a given course unit. The credits
express the quantity of work every course unit requires with respect to the global volume of
work necessary to successfully complete a full year's study at the institution, that is:
lectures, practical work, seminars, traineeships, research or surveys, personal study - either
at home or in the library - together with exams and other forms of student assessment. ECTS
is, therefore, based on the overall working load of the student and not merely limited to
lecture hours. 60 credits represent the working load for a full academic year's study and, as a
rule, 30 credits are equivalent to a semester and 20 credits to a trimester.
 The ECTS information brochure, which provides useful information to students and
personnel about the institutions, faculties/departments, course organisation and structure as
well as the individual course units.
 The ECTS learning agreement, which describes the study plan the student has to follow and
indicates the ECTS credits that shall grant upon satisfactory completion thereof. The
agreement binds the student to attend the host university's programme as the main part of
their higher education, the institution of origin to guarantee the student full academic
recognition of the credits obtained abroad and, the host institution to provide the agreed
course units to the extent allowed by the academic calendar.
 The ECTS transcript of records, which presents the student's academic results in a clear,
complete and comprehensible manner for each part and which must be easily transferable
from one institution to another.
To facilitate the academic recognition of the studies undertaken or completed abroad, good
communication and flexibility are required. In this regard the ECTS co-ordinators carry out a
fundamental role monitoring the academic and administrative aspects of ECTS.
As a rule, it is necessary to make available to the students the entire range of course units of
the department that implements ECTS, including those units relating to postgraduate studies.
The students must be able to attend regular courses - and not especially set up for them - and
must be given the opportunity to satisfy the demands of the host institution giving an academic
qualification. Reliance on ECTS credits guarantees the organisation of programmes, which are
reasonable in terms of working load for the period of study abroad. For instance, 120 ECTS
credits for a year require a student to work twice as hard as an average student whose plan is 60
credits. At the same time, 30 ECTS credits for a year period correspond to a part-time studying.
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ECTS, moreover, allows students to continue their studies abroad. In fact, it can happen that
once the original study period is over the student may not wish to return to their original
institution but may instead prefer to remain in the host institution - possibly to graduate from
there - or move on to a third institution. Such decision may not be taken without the agreement
of all institutions involved which in any case have to set the conditions to fulfil in order to
graduate from the host institution or transfer to a third institution. The ECTS certificate is a
chronology of the student's academic record and it can constitute a particularly useful
instrument for the institutions to manage such a decision.
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▌EDUCATION IN ITALY
Until 1989 (Law 168/1989) the entire Italian educational system was under the Ministry of
Education. At that time the Ministry of Universities and Scientific Research was created to take
over the responsibilities of university education and scientific and technological research. The
two entities are currently encompassed under the organisational designation Ministero
dell’Istruzione, dell’Università e della Ricerca - MIUR (Ministry of Education, University and
Research). Information for foreign students can be found at www.study-in-italy.it ).
PRIMARY AND SECONDARY EDUCATION
Cycles
Following the 2003 Reform of primary and secondary education, the Italian school system has
been reorganised as follows:
 First cycle
Primary education: 5 years of schooling beginning at age 6;
Secondary education (first degree): 3 years of schooling beginning at age 11.
 Second cycle  Secondary education (second degree): 5 years of schooling beginning at age
14.

The higher secondary schools are of various types: classical, scientific, linguistic, artistic,
technical and vocational studies as well as teacher training. At the end of the 5-year course,
students take the examination to obtain the Diploma di Maturità in the specialised area they
have chosen. This diploma grants admission to an Italian university.
Grading System
Until 1968, secondary school grading was on a scale of 0-10, 6 being the minimum passing grade.
From 1969 to 1999, final marks were on a scale of 0-60, 36 being the minimum passing grade.
Since 2000 a different system has been implemented: final marks are on a scale of 0-100 and
the minimum passing grade is 60.
UNIVERSITY EDUCATION
Admission
Admission to Italian universities grants only to holders of a Diploma di maturità from an Italian
secondary school. Foreign students, or Italian students from secondary schools abroad, are
admitted on the strength of equivalent qualifications. There are no limitations on admission
except in Medical School (medicine, dentistry, veterinary), in private independent universities
(like LUISS Guido Carli or Bocconi in Milan), and in newly established universities/degree courses.
Grading System
In the university grading system, individual courses grade on a scale of 18-30. The maximum final
grade is 110, after the dissertation of a thesis on a free topic. For very brilliant students the
degree may be awarded cum laude.
< 18 =
fail
18/23 =
sufficient
24/26 =
satisfactory
27/28 =
good
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29/30 =
very good
30 e lode =
Excellent
Academic Qualifications and Degrees
1. University Diploma
This is a first-level university qualification for courses lasting 3 years. For admission to these
courses, students must have a Diploma di Maturità.
2. Laurea (Degree)
The system of university study in Italy has undergone an overall reform in terms of structure and
teaching system. Up to 2001, to obtain a Laurea, the basic university degree, used to take 4 to 6
years, depending on the field of study. From the academic year 2001/2002, universities have
adopted three study cycles. The first cycle, three years in length, is characterised by a
professional training type content and concludes with the award of a first-level degree (Laurea
Triennale – Bachelor Degree); the second cycle, lasting two years, concludes with the award of a
second-level Master’s degree (Laurea Magistralis – Master’s Degree); while the third cycle,
lasting from one to three years, leads to the award of either a doctorate or a specialised
postgraduate degree.
Teaching activity is organized in departments, which offer one or more degree courses in specific
academic areas. Course requirements are established by law and the laurea is obtained after the
student has passed a set number of exams, gained the required credits, and successfully
discussed a written research paper. Admission to the Laurea programme is regulated by the
general rules for university admission. Courses for masters degrees may also be offered parallel
to each study cycle. All study programmes must be based on the European system for the
transfer of academic credits (ECTS) as provided for in recent agreements reached at EU level.
Along with the three-cycle program system established by the Italian Ministerial Decrees, a
limited number of “old” second cycle programs (dental medicine, human medicine, pharmacy,
veterinary medicine, architecture, law) coexist with the new university system. These
programs, called One-Cycle Programs, aim at providing students with advanced education and
training for highly qualified professions in specific areas. The general access requirement is
upper secondary school degree or a comparable foreign qualification. Admission to individual
degree programs may be subject to specific course requirements.
One-Cycle Programs last five years and require 300 credits (European Credit Transfer System) for
completion (only human medicine requires six years and 360 credits). The degree awarded is a
Master’s Degree which grants access to competitions for the civil service, to regulated and nonregulated professions, doctoral programs and all the other postgraduate study degree programs.
3. Research Doctorate
The aim of the doctoral studies programmes is to offer post-graduate opportunity for research.
Programmes include individual research under the guidance of professors and special seminars.
The minimum period of study is three years. This third-level academic degree, Doctorate of
Research, is awarded to candidates who have successfully documented their research and
written an original final thesis. This programme is open to a limited number of candidates (also
from foreign countries), who must be university graduates or hold equivalent degrees.
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3a. Post-graduate Diplomas of Specialization
These diplomas are given by schools offering special advanced courses in various professions. The
limited places are reserved for university graduates or those with equivalent foreign
qualifications. The courses last 2/3 years and include practical experience. Attendance is
mandatory. The final examination is a defence of a written thesis.
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▌LUISS GUIDO CARLI
1. NAME
OF INSTITUTION
LUISS - Libera Università Internazionale degli Studi Sociali Guido Carli, Rome, Italy.
President
Dott.ssa Emma Marcegaglia
Executive Vice President
Dott. Luigi Serra
Rector
Prof. Massimo Egidi
Executive Vice President for Global
Development
Ing. Barbara Poggiali
General Manager
Dott. Giovanni Lo Storto
Head, Student Exchange Office
Dott.ssa Annamaria A. Ricciardi
for Student Mobility
Student Exchange Office
Viale Romania, 32 -00197 Rome – Italy
Tel. +39/06/8522.5642 - 5722
Fax. +39/06/8522.5505
E-mail: [email protected]
Website:
www.luiss.it/it/studenti/scambi_internazionali/
www.luiss.edu/prospective-students/exchangestudents
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2. GENERAL DESCRIPTION
Type
LUISS Guido Carli is an independent university. It was established according to Article 1 of Italy’s
Higher Education Act, which gives independent universities full legal status while guaranteeing
their autonomy in the areas of administration, teaching and discipline. Its degrees and diplomas
have complete legal and academic recognition.
LUISS Guido Carli was set up in 1976-78 by a consortium of private and public companies, that
re-organized a pre-existing Institution, “Pro Deo”. Its goal is to form students to assume the
responsibilities of managing complex economic systems in both the State and private sectors.
At present LUISS Guido Carli has four departments: Department of Economics and Finance;
department of Business and Management; department of Law, department of Political
Science.
Certain features characterize LUISS Guido Carli:
 a set number of students for the four departments;
 admission by entrance test;
 full time compulsory attendance of courses;
 organisation of courses into semesters;
 a highly qualified teaching staff;
 intensive study of foreign languages and computer training;
 a large specialised library and a catalogue that can be consulted directly from the
University’s web site;
 an extensive network of international exchanges;
 orientation for high school students;
 seminars and debates on important issues as a complement to lectures;
 assistance by qualified tutors during the entire university study period as well as
traineeships;
 personal counselling service to facilitate integration and to optimise study
strategies.
Professors and lecturers are appointed from the academic world, the professions, senior State
and private sector management. Lectures are held in Italian and English. They are integrated
by seminars, debates and conferences on both Italian and international topics, often with the
participation of prominent guest speakers.
The annual tuition fee at LUISS Guido Carli, for the a. y. 2013/2014 (I year), is € 8,600 for
Economic and Finance, Business and Managament, Political Science, Politics, Philosophy and
Economics; € 9,000 for Law. The annual tuition fee for Master’s Degrees is € 9,600.
Scholarships are granted to deserving students who meet certain income conditions.
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Location
Since October 2007 LUISS Guido Carli has moved to a new location in the residential area called
“Parioli”. Most of the teaching and researching activities are now taken in the new area. Please
note that classes of Law are still taken in the old location (Via Parenzo, 11); Economics and
Finance, Business and Management, and Political Science classes are instead taken in the new
seat.
Please refer to the following information:
a) The main campus of the new location (Viale Romania 32, 00197 Rome, tel.: +39-06-852251)
now comprises:
I. The Student Exchange Office: Viale Romania 32, 00197 Rome, tel.: +39-06-85225722/642.
Opening hours are from 10 a.m. to 12 a.m. Monday to Friday, and from 3 p.m. to 4 p.m.
Tuesdays and Thursdays.
II. The Department of Economics and Finance (lecture rooms Bachelor and Master’s): Office
and Presidency, Viale Romania 32, 00197 Rome, tel.: +39-06-8522550, e-mail:
[email protected]. Opening hours are from 10 a.m. to 12 a.m. Mondays, Wednesdays and
Fridays, and from 2.30 p.m. to 4.30 p.m. Tuesdays and Thursdays.
II. The Department of Business and Management (lecture rooms Bachelor and Master’s): Office
and Presidency, Viale Romania 32, 00197 Rome, tel.: +39-06-85225310, e-mail:
[email protected]. Opening hours are from 10 a.m. to 12 a.m. Mondays, Wednesdays
and Fridays, and from 2.30 p.m. to 4.30 p.m. Tuesdays and Thursdays.
III. The Department of Political Science (lecture rooms Bachelor and Master’s): Office and
Presidency, Viale Romania 32, 00197 Rome, tel.: +39-06-85225290/+39-06-85225700, e-mail:
[email protected]. Opening hours are from 10 a.m. to 12 a.m. Mondays, Wednesdays and
Fridays, and from 2.30 p.m. to 4.30 p.m. Tuesdays and Thursdays.
IV. The Student Office – Segreteria Studenti: Viale Romania 32, 00197 Rome, tel.: +39-0685225263/06-85225270, fax: 06-85225920, e-mail: [email protected]. The Student Office deals
with enrolment and supplies students with all the necessary information. Opening hours are from
9.30 a.m. to 12.30 a.m. Monday to Friday, and from 2.30 p.m. to 4.30 p.m. Tuesdays and
Thursdays. The Student Office closes one week in mid-August. Students also have computer and
multimedia services available through which they can comply with all bureaucratic requirements
in connection with university life. Moreover, there is the "LUISS-sms" service allowing students to
communicate with the University through messages that can be read or sent to any mobile
phone.
V. The Orientation Office: Viale Romania 32, 00187 Rome, tel.: +39-06-85225354, e-mail:
[email protected]. The Office is open from Monday to Friday.
VI. The Computer Centre: Viale Romania, 32 00197 Rome, IT Services: tel.: +39-0685225211/+39-06-85225279/+39-06-85225275, fax: +39-06-85225930; Help Desk: tel.:
+39.06.8522.5211, e-mail: [email protected]. The Computer Centre is a support structure for
research and teaching activities of Computer Sciences in the four departments. It also provides
consulting and support services for the other sectors of the university (institutes, centres,
departments and training courses). To this end, there are seven computer rooms and a
university-wide network which also provides a link to the outside world via GARR, Internet and
Itapac for the consultation of different databases. A satellite hook-up with Reuters network
services is being prepared in order to have access to international financial data. The Computer
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Centre also supports all the administrative activities within the university, as well as
management activities and library consultation, using a medium-high-powered mainframe
(Olivetti-Hitachi 6460/160 IBM compatible with VM/ESA and VSE/ESA operating system with DBDC
CICS/V SE).
b) The Department of Law (lecture rooms, Student Office): Via Parenzo 11, 00198 Rome. The
Student Office is located on the Ground Floor of the building, tel.: 06-85225894, fax: 0685225852, e-mail: [email protected]. Opening hours are from 10 a.m. to 12 a.m. Monday
thorough Friday, and from 3 p.m. to 4 p.m. Tuesdays and Thursdays.
c) The Library (Via di Santa Costanza 53, 00198 Rome, tel.: +39-06-85225600; fax: +39-0685225625; e-mail: [email protected]) holds about 120,000 books, over 2,000 paper journals
(1,100 of which are current issues), 75 databases, and it provides access to over 30,000 ejournals. In 1999 the library was donated the “Ungari Fund” collection consisting of around
10,000 books on law and human rights in particular. There is a computerised system which
stores data concerning monographs, allows for on-line research and monitors the volumes lent
out. Facilities available to students include a consultation room and a reading room, equipped
with terminals and copy machines. Students may borrow books (loan term: 30 days). The opening
hours are the following: Reading Room, from Monday to Friday from 8.00 a.m. to 9.45
p.m./Saturday from 8.30 a.m. to 1.45 p.m.; Reference and Electronic Resources, from Monday
to Friday from 8 a.m. to 8 p.m./Saturdays from 8 a.m. to 13.45 p.m.; Delivery Room and
Circulation Service, from Monday to Friday from 8.00 a.m. to 9.45 p.m./Saturday from 8.30 a.m.
to 1.45 p.m.
d) Student facilities are organised by the University Union - Diritto allo Studio: Viale Gorizia
17, 00198 Rome, tel.: +39-06-85225410; fax.: +39-06-85225404; e-mail: [email protected].
Detailed information can be obtained from the Union Office, open Monday to Thursday from 9
a.m. to 12 a.m. and from 2.30 p.m. to 4 p.m., and Fridays from 9 p.m. to 12 a.m. A desk is also
at the students’ disposal in Viale Romania 32, Monday to Friday from 9 a.m. to 12 a.m. The
University Union is responsible, among other things, for medical facilities (see below).
Size
Current enrolment is about 7,708 for all four departments. The teaching staff numbers about
1,290. Be in 1 teacher to 8 students ratio.
3. ACADEMIC CALENDAR 2013-2014
◊ Bachelor Degree academic year
Fall semester
September 16 * / September 23 – December 7, 2012
Spring semester
* II and III year classes at Bachelor level and II
year classes at Master level, of the Department
of Economics and Political Science will begin on 16
Septmeber 2013. The other classes will begin on 23
September 2013.
February 17 – May 17, 2014
The same academic year applies to the Single Cycle Degree in Law.
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There are four examination periods: from 9 December to 20 December 2013; from 7 January to
15 February, 2014; and from 19 May to 5 July 2014; approximately from September 1 to 10.
Within each period one (in September), two or three dates (Appelli) are offered for each
examination, and students may choose any one of the two or three.
4. REGISTRATION
EU and non EU students
EU and non-EU students will find specific and detailed information on the steps of the admission
at LUISS as a foreign student on: www.luiss.edu/admissions.
Nevertheless, general information on admission requirements is reported below.
General requirements
Please Note: Not applicable to Exchange students
The number of students admitted to the first year is limited to allow best teaching conditions.
A)
BACHELOR DEGREE
In the year 2013/2014 total enrolment will be 1040 students:
Law
Political Science
Economics and Business
Politics,
Philosophy
and
Economics
400
400
110
80
50
Admission goes upon secondary school grades and an entrance examination (aptitude test).
To sit the entrance examination students must:
1) pay the examination fee of €100;
2) the application form will be available on website
http://www.luiss.it/ammissione/ammissione-lauree-triennali-e-ciclo-unico-aa-20132014
3) print out the confirmation of submission of the application, which must be kept and then
showed for identification purposes on the day of the exam itself.
The examination for the 2014/2015 academic year will be held on March 27, 2014 and
September 5, 2014.
A student who passes the May examination and then wishes to enrol must:
1) pay the first instalment of the tuition fee and the entire regional student welfare tax,
using the form available online, by July 2014. Both payments must necessarily be made
through a branch of UniCredit Banca di Roma located in Italy. It should be borne in mind
that once enrolment is complete the sums paid cannot be refunded under any
circumstances. Once the peremptory enrolment deadline of July 2014 passes, it will no
longer be possible to enrol for the 2012/2013 academic year.
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2) deliver by hand or post the enrolment application and the following documentation to the
Student Office (Segreteria Studenti, Luiss Guido Carli, Viale Romania 32, 00197 Rome,
Italy) by and no later than July 2014:

receipts for payment of the first instalment of the tuition fee and the entire regional
student welfare tax;

two identical passport-size photos;

photocopy of both ID and Italian tax and social security number card (codice fiscale);

original school leaving qualification, if already awarded. Students who have not yet
obtained that document must provide self-certification using a specific form for such
purposes. The provisional certificate evidencing the grade obtained must be delivered
to the Student Office by and no later than July 2014 in order to formally complete
the enrolment process. The original of the original school leaving qualification must
be delivered to the Student Office as soon as it becomes available and in any case by
and no later than July 2014;

privacy statement duly signed.
B) MASTER’S DEGREE
In a.y. 2013/2014 the total number of places available for the Master’s two-year degree courses
will be about 860:
about
600
Political Science
about
260
LUISS graduates who have obtained at least 100/110 or better in their bachelor’s degree will be
given priority in admission without the need to sit an examination for such purposes.
Graduates who have obtained a grade of lower than 100/110 in their first degree or graduates
from other universities may be admitted subject to passing the entrance examination until the
set number of places available is filled.
The entrance examination consists in a written test which will be possible to take in either of
the two following sessions:


May 15, 2014;
September 2, 2014.
The information about the examination fee will be soon published on the LUISS website.
The following categories of students are admitted to attend the Master’s degree courses:
LUISS graduates exempt from the admission exam who will graduate after 1 July and by the
autumn session of the 2013/2014 academic year (November 2014), who are admitted to
attendance for the first semester of their chosen master's degree course;
-
LUISS students admitted following the exam of 15 May 2014;
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students coming from other universities admitted following the exam of 15 May 2014, who
enrolled/were admitted to attendance for the first semester by July 2014.
Within a week after graduation and in any case no later than 30 November 2014 enrolment
must be formally completed in accordance with the following procedure:
-
-
fill out the enrolment form (online) (to which a 14.62 Euros revenue stamp must be
affixed);
pay the entire regional student welfare tax;
deliver or post the following documentation to the Student Office (Luiss Guido Carli,
Segreteria Studenti, Viale Romania 32, 00197 Rome);
print-out of the enrolment form duly signed (to which a 14.62 Euros revenue stamp must
be affixed);
privacy statement duly signed;
bank receipt for payment of the entire regional student welfare tax;
two identical passport-size photos;
photocopy of ID;
original school leaving qualification and original degree certificate (documents already
lodged with the Students Office).
SPECIFIC REQUIREMENTS FOR INTERNATIONAL STUDENTS APPLYING FOR “CORSI SINGOLI”
(SINGLE COURSES) – Please Note: Not applicable to exchange students
Foreign students may attend one or more LUISS Guido Carli courses and, on application to the
Rector, take the respective exams. At the end of the course, students will obtain a certificate
stating the course that was taken and the mark obtained.
Students who want to apply for single courses (Corsi Singoli) must submit the following
documents:
1) an application to the Rector, stating clearly the course selected;
2) the enrolment certificate with details of the exams passed. For foreign students the
certificate must be translated and legalised by the relevant diplomatic and consular
authorities. For LUISS graduates a degree certificate is required;
3) two photographs; one of the photographs must be authenticated and issued by diplomatic or
consular authorities. It must indicate the date of birth, place of birth, citizenship and
residence;
4) 14,62 € stamp.
Admission fee is 1.300,00 € per course for Bachelor subjects and 1.300,00 € per course for
Master subjects.
The Student Office [email protected] takes care of registration for Corsi Singoli.
EXCHANGE STUDENTS
LLP ERASMUS PROGRAMME AND BILATERAL AGREEMENTS
The Student Exchange Office (Viale Romania, 32 00197 Rome) deals with orientation and
registration of students on exchange programmes (LLP Erasmus and Bilateral Agreements).
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Every year, around the month of February, LUISS sends an info-package to every partner
Institution by e-mail. It contains information for exchange students and application forms for:
- Online registration, including the ‘Learning Agreement’(or proposed programme of study)
- Accommodation
- The intensive course in Italian Language in September.
All applications, in electronic and paper version, completed and signed, must be received by May
31, that is the fixed deadline for fall and/or spring semester applications every year.
As soon as the application forms are received, in June, LUISS will send incoming students
acceptance letters and practical information.
Since courses and examinations are mainly held in Italian, students will need to have an
adequate knowledge of the language before beginning their courses. If necessary, they can
attend an intensive Italian course that is held every year at LUISS Guido Carli in September.
There are set mandatory arrival dates for each academic year. The dates are not yet available,
but they will be made available and sent to partners institutions as soon as possible.
At their arrival, students must report to the Student Exchange Office at 10.30 or at 2.30
p.m. (Viale Romania, 32 - 00197 Rome - tel.: +39-06-85225722/642- fax: +39-06-86506505 E-mail: [email protected]).
They are highly recommended to arrive on the fixed dates.
5. COURSES, EXAMS, TRANSCRIPTS OF RECORDS
The language of instruction is mainly Italian. Every year, LUISS offers some courses in English.
The final list is available at the beginning of classes.
The standard working load for LUISS students is about 30 credits/semester, including two
language courses. Guest students are advised not to take more than the average working load.
On making their choice of courses exchange students should: check the pre-requisites, avoid
time-table clashes for attendance is compulsory, pick courses only at their level (Bachelor or
Master).
Full-year courses can only be taken by the students that will spend the whole academic year at
LUISS. If these conditions are met, guest students have access to all the courses in the four LUISS
Departments.
In order to attend the Master’s Degree Courses students must have:
- a Bachelor degree or three years of study completed before departure;
- a very good command of the Italian/English language.
Please note that it will be very difficult to mix Bachelor and Master’s courses because of the
different timetables, calendar and examination periods.
Full-time attendance of classes is mandatory.
The final examinations for each course are oral and sometimes written. Written tests may be
given occasionally during the course.
17
Guest students are registered automatically for all the examination dates (Appelli) for all the
courses they have chosen.
Exams can be taken only on the official dates.
Please note that NO special examination can be arranged for exchange students.
The original transcripts of records will be sent both to the students and partner institutions
after the end of each examination session.
To the students who come to LUISS for the whole academic year or for the second semester, the
transcripts will be sent at the end of the first week of September. Our summer examination
session ends on July 18 and transcripts cannot be prepared before the session is over. Since the
University closes in August, the transcripts can only be issued by the Student Office after the
summer break.
6. COURSES
IN ITALIAN
LANGUAGE
AND
CULTURE
LUISS Guido Carli offers a crash Italian language courses in September for guest students who
have been admitted to attend a semester or a year at the Department of Economics and Finance,
and the Department of Business and Management, Political Science, or Law. The courses are at
three levels, beginners, intermediate and advanced; they are free of charge.
The courses are only open to Erasmus and Exchange students coming from partner
Universities and they are free of charge.
Students who would like to attend the course must specify so on their application form.
The courses comprise at least:

40 - 45 minute lessons for the beginners and intermediate level;

40 - 45 minute lessons for the advanced level.
Beginners Level
This level is for those who never attended an Italian language course. The main aim of the
course is to help the student understand sentences and frequently used expressions related to
areas of most immediate relevance (e.g. very basic personal and family information, shopping,
local geography, employment).
Intermediate Level
This level is for those who have already attended an Italian course and are able to communicate
in everyday situations.
The principal aim of the course is to improve oral communication. Particular emphasis is placed
on listening comprehension to enable students to take full advantage of lectures in their chosen
field.
Advanced Level
This level is for those who are already proficient in the language and need to develop specialist
language areas.
18
The main aim is to help the student reach a high standard of reading and writing skills.
Extra curricular activities
These include:

Presentations followed by discussion;

Meetings with Italian businessmen;

Guided tours with specialized teachers.
The activities and meetings develop topics already discussed in class and take into account the
interests of individual participants.
Crash course held in September
In order to obtain the certificate for the course and gain 3 ECTS credits, students must attend at
least 75 % of the classes and comply with the course requirements.
Italian language semester courses
During the academic year, students have weekly meetings with their Italian language teacher.
This gives them the opportunity to discuss any problems they might have with their Italian and to
learn more about their cultural environment.
The courses comprise three hours per week in both first and second semester. The main aim of
the courses is to improve oral communication, reading and writing skills.
Semester courses
The courses will have three hours of classes per week in each semester. The students that attend
the courses and comply with the requirements will receive a certificate and gain 3 ECTS credits.
The person responsible for the courses is Professor Concetta Amato
7. ACCOMMODATION
Since LUISS does not have student dormitory facilities offered to Exchange Students, the Student
Exchange Office does not take direct responsibility in providing accommodation. A private
organisation, C.T.S., takes care of it according to the application forms received (by C.T.S. and
the Student Exchange Office of LUISS Guido Carli) by May 31.
Ask the LLP Erasmus Coordinator in your university for a copy of our Accommodation documents.
Please read the booking conditions carefully, follow the instructions and complete the
application form.
8. HEALTH
AND INSURANCE
Students from the EU are entitled to the services of the Italian National Health Service.
However, they must bring along their European Health Insurance Card (E.H.I.C.).
19
The University doctor is available to all LUISS Guido Carli students on Mondays, Wednesdays and
Fridays from 3.00 p.m. to 4.30 p.m. and on Tuesdays and Thursdays from 10.00 a.m. to 12.00
a.m. at Viale Gorizia 17 (tel.: +39-06-85225416; [email protected]).
The University Union has also started up a preventive medicine service in collaboration with
appropriately equipped hospital centres. Every student is entitled to general check-ups, and, if
necessary, special tests.
Exchange students are required to avail themselves of an insurance policy to cover risks or
accidents during the period of study in Italy.
9. RESIDENCE PERMITS
FOR NON-EU STUDENTS
RESIDENCE PERMIT FOR NON-EU STUDENTS
Non-EU students who intend to spend some time in Italy must request a residence permit no
later than 8 working days from their arrival in Italy.
How to obtain the residence permit for study reasons:
Use the yellow kit which you will find in all postal offices. Carefully fill in the forms, following
all the instructions. Together with the filled application, students must also bring:



a valid passport;
a photocopy of the passport (in A4 format);
a photocopy of any other requested identity documents (in A4 format).
The Immigration Office will contact you by priority mail for the photo-typing surveys and to set
an appointment for you to receive the electronic residence permit.
REGISTRATION FOR EU STUDENTS
For students who plan to stay in Italy for less than three months, no formality is requested; for
periods longer than three months, students need to make a vital statistic registration at the
municipality, as Italians citizens do.
Students will have to call 06/0606 to know which Roman municipality they belong to (you just
need to tell the address of your accommodation in Rome).
This procedure is mandatory, and it requires the following documents:




Personal ID (or Equivalent);
Declaration by LUISS stating the duration of the students exchange period. (this
document is issued by the Student Exchange Office on the orientation day);
Health insurance policy covering all risks that students might incur in during the whole
exchange period abroad;
Proof of economic means of subsistence, also by self-statement.
20
▌THE DEPARTMENTS
DEPARTMENT OF ECONOMICS AND FINANCE
Director: Professor Giorgio Di Giorgio
DEPARTMENT OF BUSINESS AND MANAGEMENT
Director: Professor Gennaro Olivieri
The aim of the Department of Economics and Finance and of the Department of Business and
Management is to train students who wish to become entrepreneurs, professionals and managers
capable of operating in a highly-competitive business world and managing complex, rapidly
changing situations.

BACHELOR - THREE-YEAR DEGREE COURSES
Corsi di Laurea Triennale:
DEPARTMENT OF BUSINESS AND MANAGEMENT:
1.
Economics and Management
Economia e Management
o
o
o
o
Industrial Economics and Financial Intermediaries
Economica Industriale e Mercati Finanziari
Company, Administration and Finance Control
Amministrazione, Finanza e Controllo d’Impresa
Management
Management
Marketing
Marketing
DEPARTMENT OF ECONOMICS AND FINANCE:
2.
Each degree course consists of 180 credits.
Didactic activity is organised in semesters.
1. The Bachelor's Degree Program in Economics and Management is a three-year program. The
language of instruction is Italian.
Throughout their years of study, students explore areas of academic interest while fulfilling
general education requirements in the economic, business, legal and quantitative
disciplines. The Program provides the tools and methods for critical analysis and
interpretation of economic and business dynamics. Students acquire knowledge and
21
understanding of operational, economic and financial areas, as well as decision-making and
decision control tools.
A main distinctive feature of the Economics and Management Bachelor's Degree Program is
the focus placed in balancing analytical and conceptual foundations with specific
specialization studies.
2. Economics and Business
LUISS has developed an English-language Bachelor’s Degree Course in Economics and
Business for a selected group of students. The Programme provides a foundation for
economics and business disciplines. It has a strong international focus.
Through the acquainted knowledge, graduates will be ready to work at junior level
(assistant/analyst) in all business areas of the financial sectors and the public
administration.

MASTER’S DEGREE – TWO YEAR COURSES
Corsi di Laurea Magistrale
1.
Economics and Business Management
Economia e Direzione delle Imprese
2.
Management (in English)
3.
Business Consulting
Consulenza Aziendale
4.
Economia e Finanza
Each degree course consists of 120 credits.
Didactic activity is organized in semesters.
1.
This course provides managerial skills aimed for solving complex problems associated to business
management of resources.
There are several areas of specialisation within the degree course of Economics and Business
Management:

Management
Management
22

Marketing
Marketing

Business Finance
Finanza d’Impresa
2.
General Management
This course, introduced in September 2006, is the first of its kind in Italy. It is taught entirely in
English and it is formulated for Italian and foreign students who want to acquire highly
specialized skills in International Business and Management. The course has been established in
partnership with University of Fudan, Shangai, China, in order to promote cooperation between
the two universities and the exchange among Chinese, Italian and foreign students in an
international economic context. To this extent the first Sino-Italian university campus has been
founded, in cooperation with another prestigious Italian university, Bocconi in Milan, to manage
this multilateral academic project.
The course has different areas of specialisation:
First and second Year:

International Business

Finance

Management of Innovation

Luxury and Fashion
3.
Business Consulting
The master’s degree program in "Business Consulting" gives graduates a solid preparation, and
the knowledge and skills they will need to become business consultants in the following areas:
administration, finance and control, auditing, company valuation and extraordinary corporate
transactions, corporate governance, and tax planning. The degree program also allows them to
acquire the expertise they need to enter the profession of accountant and statutory auditor.
An in-depth knowledge of company phenomena and management techniques, from both the
qualitative and quantitative points of view, can be applied to large, medium-sized and small
organizations and to different business sectors. This combined expertise allows students to
develop operational and professional capabilities to solve problems related to fiscal,
administrative and financial consulting for businesses, auditing, tax planning, extraordinary
corporate transactions and corporate governance. In addition, students will gain experience with
conceptual and methodological tools that consultants typically use and which characterize this
degree program.
This degree course consists of 120 credits.
Didactic activity is organised in semesters.
23
4.
This course offers a solid grounding in the various branches of economics and mastery of the
quantitative methods in support of diagnosis and decisions inherent in public policies and
financial strategies of business.
There are several areas of specialisation within the degree course of Economics and Finance:

Economia e Finanza

Financial Economics (in English)
24
▌GENERAL COURSE STRUCTURE
BACHELOR DEGREE COURSES
 Economics and Management
 Industrial Economics and Financial Intermediaries
 Company, Administration and Finance Control
 Management
 Marketing
 Economics and Finance
 Economics and Business
Credits: from 2 to 8 depending on the course
Total credits for each degree course: 180
25
 Economics and Management
FIRST YEAR
(First year courses common to all majors)
 Fall semester
BUSINESS ADMINISTRATION
Economia Aziendale
Credits
8
ITALIAN PRIVATE LAW
Diritto privato
8
MATHEMATICS
Matematica
8
 Spring semester
HISTORY OF ECONOMICS AND BUSINESS
Storia dell’economia e dell’impresa
PUBLIC ECONOMIC LAW
Diritto pubblico dell’Economia
COMPUTER SCIENCE
Informatica
MICROECONOMICS
Microeconomia
Credits
8
8
6
8
SECOND YEAR
(Fall Semester Second Year Courses common to all majors)
 Fall semester
FINANCIAL MATHEMATICS
Matematica Finanziaria
Credits
8
STATISTICS
Statistica
10
MICROECONOMICS
Microeconomia
8
 Spring Semester
Credits
8
ACCOUNTING
Contabilità e bilancio
BUSINESS LAW
Diritto Commerciale
10
MACROECONOMICS
Macroeconomia
8
27
THIRD YEAR
 MAJOR IN INDUSTRIAL ECONOMICS AND FINANCIAL INTERMEDIARIES
 Fall semester
CORPORATE FINANCE
Finanza Aziendale
ECONOMIC HISTORY
Credits
8
 Spring Semester
INTERNATIONAL
ECONOMICS AND FINANCE
8
8
Economia e Finanza
Internazionale
Storia Economica
INTRODUCION TO
ECONOMETRICS AND
APPLIED ECONOMICS
Introduzione
all’Economentria e
all’Econmia Applicata
 Learning Activities
ELECTIVE COURSE
Credits
Credits
16
OTHER ACTIVITIES (internships, computer skills…)
4
FOREIGN LANGUAGE
6
FINAL EXAM (Graduation Thesis )
Elaborato finale
4
(*) Not open to exchange students
28
8
THIRD YEAR
 MAJOR IN COMPANY ADMINISTRATION, FINANCE AND CONTROL
 Fall semester
CORPORATE FINANCE
Finanza Aziendale
BANKING LAW *
Diritto Bancario
LABOUR LAW*
Diritto del Lavoro
Credits
8
Spring Semester
BUSINESS
SYSTEMS
8
8
ACCOUNTING
Analisi di Bilancio e
Contabilità dei Costi
Credits
16
4
FOREIGN LANGUAGE
6
Elaborato finale
4
8
Organizzazione dei sistemi
informativi aziendali
(*) Students must choose between banking law and labour law
ELECTIVE COURSE
INFORMATION
Credits
29
8
THIRD YEAR
 MAJOR IN MANAGEMENT
 Fall semester
CORPORATE FINANCE
Finanza Aziendale
INDUSTRIAL ECONOMICS
Economia Industriale
Credits
8
Spring Semester
BUSINESS ORGANIZATION
8
8
Organizzazione Aziendale
PRODUCTION
MANAGEMENT
Gestione della Produzione
ELECTIVE COURSE
Credits
Credits
16
4
FOREIGN LANGUAGE
6
Elaborato finale
4
30
8
THIRD YEAR
 MAJOR IN MARKETING
 Fall semester
CORPORATE FINANCE
Finanza Aziendale
MARKETING
Marketing
Credits
8
Spring Semester
SERVICE MARKETING
8
Credits
8
Marketing dei Servizi
Economia Industriale
ELECTIVE COURSE
Credits
16
4
FOREIGN LANGUAGE
6
Elaborato finale
4
31
8
Elective courses
The following Bachelor courses will be activated with a minimum of 20 students.
COURSE
MANAGEMENT
CONTROL
ENERGY ECONOMICS
ECONOMICS AND
MANAGEMENT OF
PUBLIC UTILITIES
ECONOMICS AND
MANAGEMENT OF
CORPORATE
INNOVATION
METHODOLOGY OF
SOCIAL SCIENCES
MARKETS AND
STRATEGIES
MONETARY AND
CREDIT ECONOMICS
ENTERPRENEURSHIP,
INNOVATION AND
TECHNOLOGY
LAW AND ECONOMICS
INDUSTRIAL
MARKETING
AUDITING AND
PROFESSIONAL SKILLS
CREDITS
SEMESTER
PROFESSOR
8
Spring
Maria Federica Izzo
6
8
Fall
Spring
Carlo Andrea Bollino
Donato Iacovone
8
Spring
Angela Sansonetti
8
Fall
6
Spring
8
Fall
Giorgio Di Giorgio
8
Fall
Prencipe Andrea
8
8
Spring
Fall
8
Fall
Lorenzino Infantino
Maria Giovanna Devetag
Roberto Pardolesi
Gian Luca Gregori
Fabio Fortuna
32
PSYCHOLOGY
AND
ECONOMICS
HUMAN
RESOURCES
ORGANIZATION AND
MANAGEMENT
HISTORY OF
ECONOMIC THOUGHT
STOCK MARKETS
TECHNIQUES
HISTORY OF
CORPORATIONS AND
CORPORATE
ORGANIZATION
8
Spring
Cristiano Castelfranchi
8
Fall
8
Spring
Giuseppe Di Taranto
8
Spring
Bodlo Claudio
8
Fall
Gabriele Gabrielli
Valerio Castronovo
To avoid large classes in the I, II and III year there are three or four sections of each course. Contact hours involve a variety of activities, such
as lectures, case studies and seminars. Full-time attendance is mandatory.
The final examinations for each course are oral and sometimes written. Written tests may on occasion be given during the course.
Exchange students coming to LUISS Guido Carli for a semester or for a year are free to take the courses they are interested in at Bachelor level,
as long as they have the necessary prerequisites.
Please note that LUISS Guido Carli students take 30 credits for semester including two languages courses. We suggest that guest students
do not take more than the average working load.
33
 Economics and Business
FIRST YEAR
 Fall semester
INTRODUCTION TO BUSINESS ECONOMICS
Credits
8
PRINCIPLES OF CIVIL LAW
8
PRINCIPLES OF ECONOMICS
8
MATHEMATICS 1 (Annual course)
12
 Spring semester
ACCOUNTING
Credits
8
STATISTICS
8
MICROECONOMICS
8
MATHEMATICS 1 (Annual course)
12
34
SECOND YEAR

Fall Semester
MACROECONOMICS
Credits
8
MANAGEMENT
8
APPLIED STATISTICS AND ECONOMETRICS
8
IO & COMPETITION THEORY
8

Spring Semester
Credits
LAW AND ECONOMICS
12
FINANCIAL MARKETS AND INTERMEDIARIES
8
MATHEMATICAL FINANCE
8
35
THIRD YEAR
 MAJOR IN BUSINESS MANAGEMENT
 Fall semester
INFORMATION SYSTEMS (pass/fail)
Credits
/
EUROPEAN ECONOMIC HISTORY AND POLICIES
8
LAW AND ECONOMICS
12
 Spring Semester
Credits
MANAGEMENT
8
MARKETING
8
BUSINESS ORGANIZATIONS
8
36
THIRD YEAR
 MAJOR IN FINANCE AND ECONOMICS
 Fall semester
INFORMATION SYSTEMS (pass/fail)
Credits
/
EUROPEAN ECONOMIC HISTORY AND POLICIES
8
LAW AND ECONOMICS
12
 Spring Semester
Credits
CAPITAL MARKETS
8
MATHEMATICAL FINANCE
8
MATHEMATICS 2
8
37
 Learning activities
ELECTIVES
Credits
16
FINAL EXAM (Graduation Thesis)
4
OTHER ACTIVITIES*
16
LANGUAGES
6
INTERNSHIP/LANGUAGE
4
INFORMATION SYSTEMS (to be attended on third
year)
6
* 16 credits divided as follows: First Foreign language (Spanish/French/Chinese) 6 credits to be chosen at the end of the first year and to be
attended from II semester of the second year to II semester of the third year.
Internship or Second Foreign language (Spanish/French/Chinese) 4 credits (language to be chosen at the end of the first year and to be
attended from II semester of the second year to II semester of the third year).
Information Systems 6 credits.
38
Elective courses
COURSE
CREDITS
SEMESTER
PROFESSOR
BEHAVIOURAL
ECONOMICS AND
PSYCHOLOGY
CONTEMPORARY
HISTORY
8
Spring
8
Fall
Blasberg Christian
HISTORY OF
POLITICAL THOUGHT
(DISTRIBUTIVE
JUSTICE)
MARKETS AND
STRATEGIES
8
Spring
Pellegrino
Gianfranco
8
Spring
Devetag Maria
Giovanna
POLITICAL
PHILOSOPHY
8
Spring
Maffettone
Sebastiano
SOCIOLOGY
8
Fall
Egidi Massimo /
Sillari Giacomo
De Sio Lorenzo
39
To avoid large classes in the I, II and III year there are three or four sections of each course. Contact hours involve a variety of activities, such
as lectures, case studies and seminars. Full-time attendance is mandatory.
The final examinations for each course are oral and sometimes written. Written tests may on occasion be given during the course.
Exchange students coming to LUISS Guido Carli for a semester or for a year are free to take the courses they are interested in at Bachelor level,
as long as they have the necessary prerequisites.
Please note that LUISS Guido Carli students take 30 credits for semester including two languages courses. We suggest that guest students
do not take more than the average working load.
40
▌DESCRIPTION OF COURSES
(Alphabetical Order)
KEY
Bachelor Courses
E1-Acc1a/b/c/d-B:
E=Economics;
1=First year;
Acc= Name of the course;
1= N°of list
a/b/c= Class
B=Bachelor M=Master
1
E3-AEPS1-B: AUDITING, ETHICS AND PROFESSIONAL SKILLS
Spring semester; 48 lectures; 6 hrs per week; 8 credits; elective
First Part
M&A: disposals, transfers in exchange for equity, mergers, demergers, share swaps,
transformations and liquidations.
The valuation of economic capital in M&A.
Accounting for M&A in the financial statements: comparison between Italian and international
accounting standards.
The general law and tax rules governing M&A.
Second Part
The national Council of Certified Public Accountants and Accounting Experts (CNDCEC).
Legislative Decree No. 139 of 28 June 2005.
CNDCEC’s ethics programme.
CNDCEC Code of Ethics:
Title I – General Provisions;
Title II – Professional Relations;
Title III – Competition;
Title IV – Transitional Provisions.
Update No. 1 to the CNDCEC Code of Ethics (5 November 2008).
CNDCEC Code of Ethics Consolidated Version, revised 1 September 2010.
The international Code of Ethics for Professional Accountants, revised 1 January 2011.
Third Part
CNDCEC: 2010-2012 action plan – accounting standards and statutory controls.
Statutory auditing: Legislative Decree No. 39 of 27 January 2010.
The application of auditing standards after the transposition of Directive 2006/43/EC.
Assessment:
Professor:
oral exam
Mechelli
Textbooks:
G. Savioli, Le operazioni di gestione straordinaria, Third Edition, Giuffrè, Milano, 2008
Documents of CNDCEC. Other materials will be provided during the semester.
2
E3-BL2-B: BANKING LAW
Fall semester; 72 lectures; 6 hrs per week; 8 credits; elective
Sources of financial law and evolution of the rules. Role of rules deriving from EU and
international regulation. Anti-money laundering law. Outline of banking regulatory authorities.
Forms of supervision. Banking and financial activities. Authorisation to carry on business.
Persons: banking institutions and non-banking financial intermediaries. Bank-industry
relationship. Crisis procedures for banking undertakings. Rules of conduct. Customer protection.
Financial crisis and sovereign debt crisis. Topical issues.
Prerequisites:
Other activities:
Assessment:
Professor:
Italian Private Law
practical work, seminars (guest speakers)
oral exam
Pellegrini
Textbooks:
AA.VV., L’ordinamento finanziario italiano, a cura di Capriglione, Padova, Cedam, 2010 (chap. I;
chap. II, sect.I, until paragraph 10; chap. II, sect.2 , from par. 1 to 4, par. 10, 13 and 14; chap.
III, sect.I, par. 1, 4, 5, 6, 10 and 11; chap. IV, par. from 1 to 5; chap. V, ; chap. VIII and IX; chap.
XII; chap. XIV, par.1, chap. XV, par.9 is excluded; cgap. XVII).
3a
E1-BA4a-B: BUSINESS ADMINISTRATION
Fall semester; 72 lectures; 7 hrs per week; 8 credits
The main topics addressed in the course are:
- the origins and subject matter of business administration;
- the definition and classification of business by legal writers;
- sole proprietorships and various forms of partnerships/companies;
- the systems of corporate governance and the various types of company;
- business groups: definition and classification;
- the circuit and management operations;
- the dynamic and values of managerial operations;
- income and working capital;
- outline of how income and capital is recorded in financial statements;
- the double entry bookkeeping system;
- financial and economic balance in management;
- outline of main financial statement indicators;
- operational and financial leverage.
Assessment:
Professor:
written (60%) and oral (40%) exam
Musaio
Textbooks:
C. Caramiello, L'azienda, Milano, Giuffrè, 1993;
42
C. Caramiello, Capitale e reddito, Milano, Giuffrè, 1993;
Fabrizio Di Lazzaro, La performance del valore, Giappichelli, 2003
Fabrizio Di Lazzaro, Paolo Malagrinò, Esercizi svolti di economia aziendale, Giappichelli, 2008.
Materials will be provided during the semester.
3b
E1-BA4b-B: BUSINESS ADMINISTRATION
First Part: Introduction to the theory of the firm, the management and organisation of business.
 Business administration, the concept of business and relations between the business and the
external environment.
 The role of the economic sciences within the framework of the social sciences.
 Business administration and political economy: the different spheres of investigation.
 The role of the business in economic activities.
 The various methods of classifying a business.
 The institutional aspects of the business: the aims of the economic entity.
 Corporate governance: an international comparison.
 Relations between businesses and the relevant external environment: political, social and
environmental implications of business activities.
 The life cycle of a business: establishment, operation and termination.
 The establishment stage: fundamental choices.
 The operational stage: the fundamental scheme of management operations.
 Business finance: equity and debt.
 Criteria for choosing the form of financing.
 The acquisition of the factors of production: fixed assets and current expenditure.
 The production function.
 Marketing.
 The economic and financial balance of a business.
 General principles of business organisation.
 The various forms of concentration among businesses.
 Aspects of business strategy and policy.
 The terminal stage: cessation of activities.
 Aspects of mergers and acquisitions.
Second Part: Management information.
 Information on business management intended for external purposes: aims and tools.
 Technical means of recording management transactions: value dynamics.
 The recording of finance transactions for accounting purposes.
 The recording of purchase transactions for accounting purposes.
 The recording of sale transactions for accounting purposes.
 Determining the income for the financial year and working capital.
 Organisation and management of the administrative function in businesses.
 Aspects of the double entry system.
 The requisites of effectiveness of external business information.
 Information on business management intended for internal purposes: auditing.
Third Part: Corporate governance.
 Corporate governance and business risk.
43



Comparative models of corporate governance.
Auditing systems.
Corporate governance and the protection of outside stakeholders.
Fourth Part: Performance measurement.
 Analysis of financial and other indicators.
Assessment:
Professor:
written and oral exam
Fiori
Textbooks:
Caramiello C., L’azienda (alcune brevi riflessioni introduttive), Giuffré, Milano, 1993.
Cavalieri E., Lezioni di economia aziendale, Roma, Kappa, 1993.
Fiori G., Corporate governance e qualità dell’infromazione esterna d’impresa, Milano, Giuffré,
2003.
3c
E1-BA4c-B: BUSINESS ADMINISTRATION
1. Introduction to Business Administration
- the role of Business Adminstration
- the birth of Business Administration
- a branch of Business Administratio
2. The Business
- definition
- evolutions
- classification
- corporate governance
3. Value dinamics and administration
- the value chain
- the dynamic and values of managerial operations
- income and capital recording in financial statements
4. Accounting and Administrative systems
- The recording of finance transactions for accounting purposes.
- methodology for operational accouting
5. The conditions for managing a business
- financial and economic balance in management
- financial and operating leverage
- strategic risk and analysis.
Other activities:
Assessment:
Professor:
case studies, seminars, guest speakers
Di Lazzaro
Textbooks:
Caramiello C., Capitale e reddito, Giuffré, Milano, 1993;
Caramiello, L’azienda, Giuffré, 1993;
Di Lazzaro F., La performance del valore, Giappichelli, 2003;
44
Di Lazzaro, Malagrinò, Esercizi svolti di economia aziendale, Giappichelli, 2008.
Other material provided during the semester.
3d
E1-BA4d-B: BUSINESS ADMINISTRATION
First Part: Business administration, the concept of business and relations between the
business and the external environment.
The role of the economic sciences within the framework of the social sciences.
Business administration and political economy: the different spheres of investigation.
The role of the business in economic activities.
The various methods of classifying a business.
The institutional aspects of the business: the aims of the economic entity.
Corporate governance: an international comparison.
Relations between businesses and the relevant external environment: political, social and
environmental implications of business activities.

Second Part: The management and organisation of a business: general concepts.
The life cycle of a business: establishment, operation and termination.
The establishment stage: fundamental choices.
The operational stage: the fundamental scheme of management operations.
Business finance: equity and debt.
Criteria for choosing the form of financing.
The acquisition of the factors of production: fixed assets and current expenditure.
The production function.
Marketing.
The economic and financial balance of a business.
General principles of business organisation.
The various forms of concentration among businesses.
Aspects of business strategy and policy.
The terminal stage: cessation of activities.
Aspects of mergers and acquisitions.

Third Part: Management information.
Information on business management intended for external purposes: aims and tools.
Technical means of recording management transactions: value dynamics.
The recording of finance transactions for accounting purposes.
The recording of purchase transactions for accounting purposes.
The recording of sale transactions for accounting purposes.
Determining the income for the financial year and working capital.
Organisation and management of the administrative function in businesses.
Aspects of the double entry system.
The requisites of effectiveness of external business information.
Information on business management intended for internal purposes: auditing.

Prerequisites:
Other activities:
Assessment:
Professor:
Accounting
case studies, seminars, guest speakers
Tiscini
Textbooks:
Caramiello C., L’azienda (alcune brevi riflessioni introduttive), Milano, Giuffrè, 1993.
45
Cavalieri E., Economia aziendale,Vol. I, Roma, Giappichelli, 2010.
Other materials provided during the semester.
4a
E2-BL5a/b/c/d-B: BUSINESS LAW
Spring semester; 90 lectures; 7 hrs per week; 8 credits
Rules governing enterprises in general, companies, credit instruments and insolvency
proceedings.
Prerequisites:
Assessment:
Professor:
Italian Private Law
90% oral exam, 10% team work
Farenga
Textbooks:
V. Buonocore, Manuale di diritto commerciale, Giappichelli, Torino, X edizione, 2011.
4b
General theory of the firm. Commercial and non-commercial enterprises. The 'statute' of the
commercial entrepreneur. The business. Partnerships. Companies. Credit instruments.
Cooperatives and consortia.
Prerequisites:
Assessment:
Professor:
Italian Private Law
oral exam
De Angelis
Textbooks
Codice civile (latest edition)
PARTE GENERALE, choose one of the following:
AA.VV., Diritto commerciale, Bologna, Monduzzi Editore, 2011.
or
F. FERRARA jr. - F. CORSI, Gli imprenditori e le società, Milano, Giuffrè Editore, 2011.
PARTE SPECIALE:
L. DE ANGELIS, Elementi di diritto contabile. Disciplina civilistica e principi contabili
internazionali, II ed., Milano, Giuffrè Editore, 2011.
4c
The entrepreneur. The 'statute' of the commercial entrepreneur. The business. Trademarks.
Consortia. Competition law. Credit instruments. Banking contracts. Insolvency proceedings.
46
Partnerships. Joint stock companies. Limited liability companies. Partnerships limited by shares.
Co-operative societies.
Prerequisites:
Assessment:
Professor:
Italian Private Law
oral exam
Lener
Textbooks
Associazione Disiano Preite, Il diritto delle società, Il Mulino, Bologna, 2010.
G.F. Campobasso, Manuale di diritto commerciale, Utet, latest edition.
4d
The entrepreneur. Categories of entrepreneur. Acquisition of status of entrepreneur. The
'statute' of the commercial entrepreneur. The business. Trademarks. Competition law. Consortia.
Temporary groupings of enterprises. EEIGs. Companies and partnerships in general. De facto,
general and limited partnerships. Limited liability companies, joint stock companies and cooperative societies. Mandates. Banking contracts. Financial brokerage. Securities brokerage. The
securities market and stick exchange contracts. Business crises. Bankruptcy. Arrangements with
creditors. Compulsory administrative liquidation. The extraordinary administration of large
insolvent enterprises.
Prerequisites:
Assessment:
Professor:
Italian Private Law
oral exam
Macrì
Textbooks:
Gian Franco Campobasso, Manuale di Diritto Commerciale, fifth edition a cura di M. Campobasso,
Utet, 2010.
G. Ghidini, Profili evolutivi del diritto industriale, II ed., Giuffré, 2008.
5a/b/c
E2-BO6a/b/c-B: BUSINESS ORGANIZATION
The concept of Organisation; Organisation and organisational behaviour; organisational theories:
the "teachers"; Organisation as a system: determinants of results, interdependencies, openness
to the environment; variability, uncertainty and complexity; the strategy-structure relationship;
the main organisational structures; organisational boundaries, hierarchy, the market and
intermediate forms (alliances, networks, joint ventures, districts); Organisation size, life cycle
and decline; organisational change; Organisation and innovation; learning Organisation and
knowledge management; information Organisation and technologies; management systems: the
production of information for decision-making and information systems; management systems:
personnel management, concepts, methods and instruments; instruments of development and
remuneration; conflict management; mobility and formation; organisational culture.
Other activities:
active participation of the student during the lectures
47
Assessment:
Professor:
Decastri
Textbooks:
- M. Decastri (a cura di), Leggere e progettare le organizzazioni: lezioni a più voci di
organizzazione aziendale, Edizioni Guerini e Associati, Milano, 2011
Other materials will be provided during the semester.
Further readings:
- Tomasi D. (a cura di), Organizzazione d’Azienda. Materiali di studio, Giappichelli, Torino, 2006
- Jones G.R., Organizzazione. Teoria, progettazione, cambiamento, Egea, 2007
- Costa G., Gubitta P., Organizzazione aziendale, 2ªed., McGraw-Hill, 2008
- Gabrielli G., People management. Teorie e pratiche per una gestione sostenibile delle persone,
Franco Angeli, 2010
- Costa G., Gianecchini M., Risorse Umane. Persone, relazioni, valore, McGraw-Hill, Milano, 2005
- Daft R. L., Organizzazione Aziendale, 3ªed., Apogeo, 2007
- Simon H.A. The sciences of the artificial, MIT Press, 1996
- Tosi H. L., Pilati M., Comportamento organizzativo. Attori, Relazioni, Organizzazione e
Management, EGEA, 2008.
5d
E2-BO6d-B: BUSINESS ORGANIZATION (in English)
1.
2.
3.
4.
5.
6.
7.
8.
9.
Organization and organization theory (recalls)
Organization design principles
Aligning Business Organization Components
The Business Organization Design Process
Designing Macro Structures
Designing Micro Structures
Designing Vertical Relations (Hierarchies)
Designing Horizontal Relations
Restructuring the Business Organization
Other activities:
active participation of the student during the
lectures
Dandi
Assessment:
Professor:
Textbooks:
Nicolay Worren, Organization Design. Pearson (1st edition), 2012)
6a
E1-CS7a-B: COMPUTER SCIENCE
Computing and personal computers. Hardware components and architecture. Operating systems
and software. Networks, network services and Web. DB, DBMS and DWH. Introduction to
programming. User-web interface. Software life cycle. IT project management and economic
aspects. Information and organisation technologies. IT security.
48
Software applications (workshop). Features and direct use of business and personal software on a
PC, with special reference to word processing, spreadsheets, database management and the
Internet.
Other activities:
Practical work
Assessment:
Professors:
Olivieri
Textbooks:
Curtin D.P., Foley K., Sen K., Morin C. – Informatica di base – ed. McGraw-Hill Libri Italia, 2008;
other materials will be given during the semester.
6b/c/d
E1-CS7/b/c/d-B: COMPUTER SCIENCE
Theory: Introduction to computer science. Data elaboration systems. Acquisition and
presentation of data. Files and databases. Software. Analysis of information systems. Design of
information systems. Practice : Exercises in: practical use of the personal computer; DOS
commands; use of "Windows"; use of word processor; use of electronic sheet; use of DBMS.
Other activities:
Assessment:
Professors:
Practical work
Spagnoletti, Italiano, Bernaschi
Textbooks:
Workshop portion:
Students should use one of the textbooks approved by AICA for ECDL Core (visit the site
www.ecdl.it). The computerised classrooms at LUISS also offer a self-teaching system. The tutor
will provide all the necessary information during weekly meetings at the laboratory.
Lecture portion:
Introduzione alle tecnologie informatiche e ai sistemi informativi aziendali, Corso di Informatica
– Laurea triennale in Economia e Management, Centro di Ricerca sui Sistemi Informativi,
Università LUISS Guido Carli, McGraw-Hill Create 2010
Further material will be provided on the website of the course.
A self-study system is also available in some university computer rooms. Contact a tutor during
the first semester for more details.
7a
E3-CF8a-B: CORPORATE FINANCE
1. The role of corporate finance.
2. Financial analysis and planning.
3. A closer look at current value.
a. Current value and opportunity costs of capital.
b. Value of shares.
c. Investment decisions.
49
4. Risk and capital budgeting.
a. Risk and yield.
b. Risk and capital budgeting.
c. Problems with capital budgeting.
5. Financing decisions.
a. Market efficiency.
b. Models of corporate finance.
c. Divided policy.
d. Financial structure and Modigliani-Miller test.
e. Financing and investment decisions.
Prerequisites:
Other activities:
Assessment:
Professor:
Accounting
practical work, cases analysis, individual project
written exam (optional oral exam)
Cervellati
Textbooks:
R. Brealey, S. Myers, S. Sandri, Principi di Finanza Aziendale, McGraw Hill Libri Italia, 2011.
7b
E3-CF8b-B: CORPORATE FINANCE
a. Current value and opportunity costs of capital.
b. Value of shares.
c. Investment decisions.
a. Risk and yield.
b. Risk and capital budgeting.
c. Problems with capital budgeting.
a. Market efficiency.
b. Models of corporate finance.
c. Divided policy.
d. Financial structure and Modigliani-Miller test.
e. Financing and investment decisions.
Prerequisites:
Other activities:
Assessment:
Professor.
Accounting
written exam
Spisni
Textbooks:
Brealey R. A, Myers S.C., Sandri S., Principi di finanza aziendale, 6 ED,
McGraw-Hill, Milano, 2011
Bajo, E. e Sandri, S. Finanza Aziendale, Testi d'esame, Pitagora, 2007
50
7c/d
E3-CF8c/d-B: CORPORATE FINANCE
d. Current value and opportunity costs of capital.
e. Value of shares.
f. Investment decisions.
d. Risk and yield.
e. Risk and capital budgeting.
f. Problems with capital budgeting.
f. Market efficiency.
g. Models of corporate finance.
h. Divided policy.
i. Financial structure and Modigliani-Miller test.
j. Financing and investment decisions.
Prerequisites:
Other activities:
Assessment:
Professor:
Accounting
written (optional oral exam)
Oriani, Bozzi
Textbooks:
Brealey R. A, Myers S.C., Sandri S., Principi di finanza aziendale, 6 ED, McGraw-Hill, Milano, 2011
8
E1-EMInn8-GM: ECONOMICS AND MANAGEMENT OF INNOVATION
Theory of Innovation. The role of innovation and competitive growth of business. Innovation
development processes: from Closed Innovation models to open innovation models.
Life cylcle of Innovation. The sources of Innovation. University-enterprises connections.
Knowledge Transfer in Knowledge-based Economies.
The Role of Intermediaries in Innovation.
Theories for Valorization and and utilization of Innovation.
National Systems of Innovation.
From Industrial Districts to Tech Districts and Innovation Clusters
Enterprises Network in the Italian and European Institutional Framework
Hi-Tech Enterprises: from “Tech-Garage” to University Spin-Off
RST International Poliicies: EU Model v. US Model.
RST Management and Financing.
Digital Technologies and Internet Revolution
Social Media. Enterprises and Open Communities.
Other Activities: lectures, team work, role playing, seminars
Assessment: For attending students:
- oral exam (70%);
51
- Project Work (30%).
For non-attending students:
Oral exam (70%);
Prova Scritta (70%).
Professor:
Sansonetti
Textbooks:
Gestione dell'innovazione, Melissa A. Schilling,The Mcgraw-hill Companies, 2009.
Angela Sansonetti, The Knowledge Transfer in Open Innovation Era, The Mcgraw-hill Companies,
2012.
Case studies will be provided during the semester.
9
E3-EGD9-B: ECONOMIC GROWTH AND DEVELOPMENT
Basic facts on economic growth: rapid global growth in recent 2 centuries, and significant
divergence across countries.
Main theories: basic Solow model, endogenous growth, human capital and imperfect capital
markets, technology adoption, demographic trends.
Empirical tests of theories: growth accounting, the Jones critique, convergence and growth
regressions, development accounting, geography, institutions.
Other activities
Assessment
Professor
practical work
problem sets and final exam.
Zeira/Battisti
Textbooks:
Weil, David. Economic Growth, 3rd edition, Pearson, 2012.
10
E3-EH10-B: ECONOMIC HISTORY
From Smith to Marx, from Keynes to Schumpeter, to contemporary theories, the course
intertwines the past with modern reality and so highlights the relationship between the two
levels of analysis.
Other activities
Assessment
Professor
seminars
oral exam
Di Taranto
Textbooks:
A. Roncaglia, La ricchezza delle idee. Storia del pensiero economico, Roma-Bari, Laterza, 2001
11a
E3-EM12a–B: INTERNATIONAL ECONOMICS AND MANAGEMENT
Spring semester; 72 lectures; 7 hrs per week; 8 credits;
52
The course is divided into the following three parts:
a) the business system and competitive environment;
b) business strategy;
c) the problematic strategies of business functions.
Assessment:
Professor:
Compulsory written and optional oral exam
Caroli
Textbooks:
Caroli M. (a cura di) Gestione delle imprese internazionali – second edition, Mc Graw Hill
11b
E3-EM12b–B: INTERNATIONAL ECONOMICS AND MANAGEMENT
1. The business system and the competitive environment. 2. Relevant resources and
competencies. 3. Strategic management. 4. Strategic planning. 5. Implementation of strategy:
organisational planning and management of human capital. 6. Economic evaluation of strategy.
7. Marketing. 8. Management of production and logistics. 9. Technological innovation and
competitive advantage: analysis and management of investments in research and development.
Assessment:
Professor:
Oral exam. Project work and papers will be evaluated, if
made.
Resciniti
Textbooks:
Caroli M., Economia e gestione delle imprese internazionali, II edizione, McGraw-Hill, 2011.
For further reading:
Matarazzo M., Le strategie internazionali delle medie imprese. Modalità di entrata e nuovi
mercati. Franco Angeli, Milano, 2012
12
ECONOMICS OF ENERGY
The course will explore economic theory and empirical perspectives related to energy. It will
focus on aspects of local, national, and global markets for oil, natural gas, coal, electricity,
nuclear power, and renewable energy examining and comparing the economics of various energy
sources.
Assessment:
written exam % 50
oral exam % 30
team work % 20
Professor:
Bollino
Textbooks:
C.A. Bollino, L’energia –Follia mondiale, Rubbettino,Roma, 2010
Pireddu G., Economia dell’energia. I fondamenti, Biblioteca delle Scienze, Pavia, 2009.
Clò A., Il rebus enegetico, Il Mulino Contemporanea, Bologna, 2008.
Stiglitz J. E., Economia del settore pubblico, Vol. I, Milano, Hoepli, 2005.
Recommended readings:
Salvatore Carollo, C’era una volta il prezzo del petrolio, Milano, Scheiwiller, 2009
53
Moncada Lo Giudice G., F. Asdrubali, Fattore N, Armando Editore, Roma, 2010
Moncada Lo Giudice G., F Asdrubali, La sfida dell’energia, Franco Angeli, Milano, 2007
Da Empoli S., S. Bendettini, A. Fiorino, Analisi e impatto economico delle
liberalizzazioni sul mercato energetico italiano e europeo, Icom Roma, 2010
Curcio E, S. Delli Colli, LA faticosa apertura del mercato elettrico,
Quaderni Aiee, Eliconie Editore, Roma, 2004
Di Palma D., M. Lucentini, F. Rottenberg, IL business dell’efficneza
energetica, Quaderni Aiee, Muzzio Editore, Roma 2006
Gilardoni A., The world market for Natural Gas, Springer, Berlino, 2008
13
E3-EMFI14b–c-d B: ECONOMICS OF FINANCIAL INSTITUTIONS
-
Analysis of the characteristics and functioning of financial markets.
Theory of intermediation and function of financial intermediaries.
Financial intermediaries: management, risks and regulation.
Analysis of the characteristics of the non-banking intermediaries: management, risk and
regulations.
Prerequisites:
Assessment:
Professor:
30% project work/70% oral exam
written exam
Comana
Textbooks:
Ruozi, Economia della banca, Egea 2011
Mottura, Banche, Egea 2011
Sironi-Resti, Rischio e valore nelle banche, Egea
14
ENTREPRENEURSHIP, INNOVATION AND TECHNOLOGY
Fall semester; 72 lectures; 3 hrs per week; 8 credits - elective
➢ Innovation sources and processes
➢ Taxonomy of innovation
➢ Sectoral patterns of innovation
➢ Geography of innovation
➢ Marketing innovation
➢ Organizing innovation
➢ Entrepreneur’s individual traits
➢ Entrepreneurial opportunities
➢ Entrepreneurship ecosystem
Assessment:
Other activities:
Professors:
Participation/short presentation and written exam
Case studies
Prencipe
Textbooks:
Papers as indicated per each session.
54
15a
E2-FM16a-B: FINANCIAL MATHEMATICS
Financial transactions. The money market. Structure of prices and interest rates on the money
market. Laws and financial regimes. Equivalent rates. Nominal rates. Yield at maturity.
Compound financial transactions. Current values and amount of an annuity. Classification of an
annuity. Current values and amounts under various financial regimes. Problems arising from fixed
annuities: finding the current value, the instalment, the number of instalments, the interest
rate. Time-based and variability indices. Setting up capital. General outline of the transaction.
Typical problems in setting up capital. Amortisation of loans. Elementary and financial layouts.
Amortisation methods. Usufruct and bare ownership. Divided loans. Amortisation of bond issues.
Appraisal and choice of economic and financial projects. REA, TIR and TRM principles.
Prerequisites:
Other activities:
Assessment:
Professor:
Mathematics
practical work
Olivieri
Textbooks:
Bortot, Magnani, Olivieri, Rossi, Torrigiani, Matematica finanziaria, 1998, Ed. Monduzzi.
Iodice - "Compendio di Matematica Finanziaria" (Simone Editore - IV ed. - 2011);
Other materials will also be provided during the semester.
15b
E2-FM16b-B: FINANCIAL MATHEMATICS
Fundamentals of financial mathematics. Sure financial transactions. Principle of financial
equivalence. Financial regimes and theory of single-variable and dual-variable finance laws.
Divisibility. Capital value of a flow of amounts.
Returns on financial transactions: how to value them. Undivided loans: amortisation and
valuation of a loan. Divided loans: financial characteristics of obligations and how to value them.
Criteria for choosing investments: financial investment translations, discounted economic result
and internal rate of return.
Value function, financial market structure and absence of arbitrage. Interest rate maturity
structure and its evolution in conditions of uncertainty. Temporal indices and variability indices
of a flow of amounts. Periodic income from a flow of amounts. Interest rate risk and best time
for divestment.
Prerequisites:
Other activities:
Assessment:
Professor:
Mathematics
practical work
60% written and 40% oral exam
De Angelis
Textbooks:
F. Cacciafesta, Lezioni di matematica finanziaria classica e moderna, Giappichelli, third edition,
1997;
P.Bortot, U. Magnani, G.OLivieri, M. Torrigiani, Matematica Finanziaria, Monduzzi editore 1993;
F. Moriconi, Matematica finanziaria, il Mulino 1998;
S. Coppini, M. Micocci, F. Spandonaro, Esercitazioni di matematica finanziaria, CISU, Roma,
1997.
55
15c
E2-FM16c-B: FINANCIAL MATHEMATICS
Fundamentals of the valuation of financial contracts. Amounts, time and risk. Temporal
structure of the exchange of amounts, principal and interest. Contracts, trades and prices. Risks.
Valuations in conditions of certainty. The exponential law. Returns and repayment plans. The
internal rate of return of a financial transaction. Theories of the laws of financial equivalence.
Financial transactions in the market. Value function and market price. Interest rate maturity
structures. Temporal and variability indices. Interest rate swaps. The measurement of interest
rate maturity structures. Assessments of arbitrage for variable rate plans. The evolution of
maturity structures.
Prerequisites:
Other activities:
Assessment:
Professor:
Mathematics
practical work
Mottura
Textbooks:
G.Castellani, M.De Felice, F. Moriconi, Manuale di finanza, Vol. I, Tassi di interesse. Mutui e
obbligazioni, Il Mulino, 2005, Bologna
16d
E2-FM16d-B: FINANCIAL MATHEMATICS (ADVANCED)
Financial transactions. Capital markets. Structure of prices and interest rates in capital markets.
Laws and financial regimes. Equivalent rates. Nominal rates. Term yields. Structured financial
transactions. Present value and future value of an annuity. Classification of annuities. Present
and future value in different financial regimes. Issues concerning constant annuities: search for
present value, instalments, number of instalments and interest rate. Temporal and variability
indices. Establishment of a capital. General structure of the operation. Typical problems in
establishing a capital. Repayment of loans. Basic and financial aspects. Repayment methods. Life
interests and remainder interests. Assessment of economic/financial projects. The REA, TIR and
TRM criteria.
Prerequisites:
Other activities:
Assessment:
Professor:
Mathematics
practical work
Foschini
Textbooks:
PITACCO - Matematica e Tecnica Attuariale delle Assicurazioni sulla Durata di Vita (Ed. Lint Trieste);
DABONI, Luciano - Lezioni di tecnica attuariale delle assicurazioni contro i danni (Ed. Lint Trieste);
BORTOT, MAGNANI, OLIVIERI, ROSSI E TORRIGIANI - Matematica Finanziaria (Monduzzi Editore - II
ed. - 1998);
56
17
E1-HEB19-B: HISTORY OF ECONOMICS AND BUSINESS
The course focuses on the analysi of the world economic developement, from Malthus’ model to
contemporary globalization.
Other activities:
Assessment:
Professor:
seminars
oral exam
Di Taranto, Ferrandino, Farese, Strangio
Textbooks:
De Simone Ennio, Storia economica. Dalla rivoluzione industriale alla rivoluzione informatica,
FrancoAngeli, Milano, 2012.
Di Taranto Giuseppe, La globalizzazione diacronica, in corso di stampa, Giappichelli, 2013.
B. Amoroso, Euro in bilico, , Castelvecchi, Roma, 2012.
18
HISTORY OF CORPORATIONS AND CORPORATE ORGANIZATION
Evolution of big and small business corporations in Italian economy from the end of the XIX
century to present days.
Assessment: oral exam 70% team work 30%
Professor: Castronovo
Textbooks:
T. Kemp, L’industrializzazione in Europa nell’800, il Mulino, Bologna 19882
V. Castronovo, Storia economica d’Italia. Dall’Ottocento ai giorni nostri, Einaudi, Torino 20133,
capitolo primo.
Autori vari, La formazione dell’Italia industriale, a cura di A. Caracciolo, Laterza, Bari 1972
G. Berta, Dalla manifattura al sistema di fabbrica in Autori vari, Annali della storia d’Italia, I,
Einaudi, Torino 1978
V. Zamagni, Industrializzazione e squilibri regionali, il Mulino, Bologna, 1978.
A. Confalonieri, Banca e Industria in Italia 1894-1906, vol. III, Banca Commerciale Italiana,
Milano 1974.
R. Webster, L’imperialismo industriale italiano fra il 1908 e il 1915, Einaudi, Torino 1975.
Autori vari, Finanza internazionale, vincoli esterni e cambi 1919-1940, Laterza, Roma-Bari 1993.
Autori vari, Storia dell’Iri: Dalle origini al dopoguerra, a cura di V. Castronovo, Laterza, RomaBari 2012, in particolare i saggi di A.M. Falchero e di L. D’Antone.
Autori vari, L’economia italiana nel periodo fascista, a cura di P. Ciocca e G. Toniolo, il Mulino,
Bologna 1976.
D.W. Ellwood, L’Europa ricostruita. Politica ed economia tra Stati Uniti ed Europa occidentale
1945-1952, il Mulino, Bologna 1993
V. Castronovo, Cento anni di imprese. Storia di Confindustria 1910-2010, Laterza, Roma-Bari
2010.
G. Carli, Cinquant’anni di vita italiana, con la collaborazione di P. Peluffo, Laterza, Roma-Bari
1993.
A. Graziani, L’economia italiana 1945-1970, il Mulino, Bologna 1970.
G. Zanetti – E. Filippi, Finanza e sviluppo della grande industria in Italia, I, Angeli, Milano 1969.
G. Amato, Il governo dell’economia, il Mulino, Bologna 1972; e F. Onida, Industria italiana e
commercio internazionale, il Mulino, Bologna1978.
G. Fuà, Occupazione e capacità produttiva: la realtà italiana, il Mulino, Bologna 1976.
57
A. Colli, I volti di Proteo. Storia della piccola impresa in Italia nel Novecento, Bollati Boringhieri,
Torino 2002
A. Bagnasco, Tre Italie: la problematica territoriale dello sviluppo, il Mulino, Bologna 1977.
G. Becattini, Dal settore industriale al “distretto” industriale, “Rivista di economia e politica
industriale”, 1979, I, n. 4; e M. Fortis – A. Quadrio Curzio (a cura di), Industria e distretti. Un
perdurante paradigma di competitività italiana, il Mulino, Bologna 2006.
A. Colli, “Multinazionali tascabili” e quarto capitalismo: un profilo storico e problematico, in
“Annuali di storia dell’impresa”, 2003, n.12.
19
E3-HET20-B: HISTORY OF ECONOMIC THOUGHT
The study of economic thought from the first theoretical formulations to the economics of
globalisation, examined from the viewpoint of classical economists, marginalists, Marshall,
Keynes and the post-Keynesians, Schumpeter and the theory of business enterprise, the Sraffian
critique, growth and development models, and the recent contributions of microeconomics and
macroeconomics.
Other activities:
Assessment:
Professor:
seminars
oral exam
Di Taranto
Textbooks:
A. Roncaglia, La ricchezza delle idee. Storia del pensiero economico, Roma-Bari, Laterza, 2001.
20
E3-HEBO21-B: HISTORY OF ECONOMICS AND BUSINESS
Introduction: sources, methodologies and historical aspects. The origin and the dissemination of
the history of the firm: subject matter and evolution of the rules. The entrepreneur between
economics and history. The figure of the entrepreneur in the continental European tradition and
the Anglo-American one.
The summaries proposed by Marshall, Knight and Schumpeter. The dynamic concept of the firm:
ownership, expansion and strategy from Berle and Means to Chandler’s “Visible Hand”. The NeoKeynesian philosophy, and recent management and behaviour theories.
Overview of the history of the firm from the industrial revolution to modern times.
Contextualisation: formation of human capital, institutions, financial systems. Size and
performance of firms from a historical standpoint.
Large managerial firms. The Chandler paradigm, economies of scale and first movers.
Multinational firms. Globalisation, the knowledge economy and metanational firms. Companies
without factories and outsourcing. The firm in the transition from national sovereignty to
translational markets. China and the new dimensions of the economy: the firm in emerging
markets.
Organisation and production in capitalist firms: Taylorism, Fordism, Toyotism and flexible forms
of production: networks of firms and districts. The post-Fordist system and the digital revolution:
from economic restructuring to the long tail. The nature of technical progress, innovation and
R&D.
58
Marketing and enterprise between theory and history: from consumer sovereignty to customer
satisfaction and from transnational marketing to relational marketing. The evolution of the
definition of marketing, periodicness and strategic trends.
Accounting and firms between theory and history. From double entry to analysis of financial
statements. Public firms: rise and fall. New prospects for the history of the firm and business
organisation: research methods and innovative study contents. Open innovation, niche markets
and the role of the history of the firm: new and old paradigms compared.
Assessment:
Professor:
oral exam
Lepore
Textbooks:
De Simone Ennio, Storia economica. Dalla rivoluzione industriale alla rivoluzione informatica,
FrancoAngeli, Milano, 2012.
Di Taranto Giuseppe, La globalizzazione diacronica, in corso di stampa, Giappichelli, 2013.
B. Amoroso, Euro in bilico, , Castelvecchi, Roma, 2012.
21
E3-HuROM22-B: HUMAN RESOURCES ORGANISATION AND MANAGEMENT
Human resource strategy, organisational structure and function. Organisational behaviour and its
determinants. Motivational theories and differentiation policies. The total rewards approach.
The main processes in human resource management. Attracting, keeping and motivating
personnel. The acquisition of human resources on the internal and external markets: the
recruitment and selection process. Employer branding policies. Systems for valuing human
resources: people value mapping and development systems. The management of remuneration:
remuneration structure and its components. Fixed and variable remuneration. Incentives based
on targets. Remuneration of executives and medium to long term incentives. Economic and
financial participation.
Other activities:
Assessment:
Professor:
case history, seminars
oral exam
Gabrielli
Textbooks:
Gabrielli Gabriele, People Management, Teorie e pratiche per una gestione sostenibile delle
persone, FrancoAngeli, Milano 2012.
22a/b/c/d
E3-IE23a/b/c/d-B: INDUSTRIAL ECONOMICS
A. Part 1. Introduction.
1. The fundamentals of the market economy. Logic and limits.
2. Analysis methodologies: the Harvard school, the Chicago school and new theoretical
developments.
59
3. Sectors and markets. A. Marshall’s special theory of economic balance. The relevant
market. Industrial districts. Industrial classifications and sources of statistics.
4. The theory of the firm.
B. Part 2. Basic elements.
5. The theory of demand.
6. Structure and variations in production costs.
C. Part 3. The structure of sectors.
7. Concentration of the offer. Measurement. Cause and effect.
8. Entry barriers.
9. Differentiation. Effects of advertising spending. product quality and innovation. Non-price
competition.
10. Diversification.
11. Vertical integration.
D. Part 4. Conduct of firms.
12. Competition. Contendible markets. Monopolies. Monopsony. Monopolistic competition.
13. Pricing policies. Techniques and strategies of ‘price maker’ firms.
14. Theory of the oligopoly. Collusive conduct.
15. Non-collusive conduct. Theory of the kinked demand curve.
16. Applications of game theory.
17. A dynamic competition model in imperfect markets.
E. Part 5. Industrial policies.
18. Aggregate demand as a factor of productivity.
19. Industrial policy in Italy. Public intervention. A historic period (1945-1980).
20. Crisis in productivity and growth (1995-2010).
21. New trends in industrial policies. The regulation of markets and authorities.
22. Public and private ownership of businesses. Privatisation.
23. Protectionism.
Prerequisites:
Other activities:
Assessment:
Professor:
Microeconomics
seminars,
65% writte test, 35% oral exam (Prof.Paniccia)
80% written test, 20% oral exam (Prof. Martoccia)
60% written test; 40% oral exam (Prof. Pozzi)
written exam and optional oral exam
Paniccia/Martoccia/Pozzi
Textbooks:
Prof. Paniccia
C. Scognamiglio Pasini, Economia Industriale, LUISS University Press, 2008.
QJE = Quarterly Journal of Economics. AER = American Economic Review. BJE = Bell Journal of
Economics and Management Science
Prof. Marcoccia
Carlo Scognamiglio Pasini, "Economia Industriale", LUISS University Press, 2008.
Prof. Pozzi
C.S.P. = Carlo Scognamiglio Pasini, Economia Industriale, Luiss University Press, 2006 (edizione
60
aggiornata 2012).
Koutsoyiannis A., Microeconomia, Etas Libri, 1981.
P. BIANCHI, C. POZZI (a cura di), Le politiche industriali alla prova del futuro. Analisi per una
strategia nazionale. Il Mulino, 2010
Marzi, Prosperetti, Putzu, La regolazione dei servizi infrastrutturali, Il Mulino, 2001.
23
INDUSTRIAL MARKETING
1) Features of BtoB Markets; 2) marketing strategies and marketing-mix (product-service, price,
distribution, communication); 3) customer relations 4) case studies on i marketing research,
marketing strategies, marketing-mix.
Assessment:
Professor:
Oral exam
Gregori
Textbooks:
R. Fiocca, I. Snehota, A. Tunisini, Marketing business to business, McGraw-Hill, Milano, 2009.
Saranno inoltre indicate alcune letture integrative.
24
E3-IEF24-B: INTERNATIONAL ECONOMICS
International trade facts and theory, Movements of labor and capital between countries,
Outsourcing, Tariffs, Exchange rates, Balance of payments, International macroeconomics.
Assessment:
Professor:
written exam
Manzocchi
Textbooks:
PAUL R. KRUGMAN, MAURICE OBSTFELD, Economia Internazionale, 5ª edizione a cura di Rodolfo
Helg. Addison-Wesley. (English edition 9th, 2012), Volume 1 and Volume 2 in particular, the
following chapter:
from volume 1: chap. II (only reading), III (reading and slides), V (par.5.3 excluded), VII (parr.
7.4.4 and 7.5 excluded), VIII (par. 8.3, 8.4 e 8.6 excluded).
from volume 2: chap. 2, 3, 4, 6, 7 (par. 7.7 and 7.8 excluded), 8 (8.3, 8.4, 8.5, 8.6, 8.7, 8.8,
8.12 excluded).
If not differently indicated, numerical exemples, focus and applications are also excluded.
25a/c
E1-IPL25a/b/c/d-B: ITALIAN PRIVATE LAW
I.
Preliminary concepts.
- Methodological, historical, legal and economic introduction to private law: private law in
the theory of the legal system.
- Sources of law.
II.
Fundamental concepts.
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-
Individual legal rights and mere factual situations considered by law.
Legal events and acts.
Public notice of legal events.
Statute of limitations and lapse.
III. Persons to a legal relationship.
- Natural persons.
- Legal persons.
IV. Ownership, minor real rights and possession.
V.
Obligations.
- The sources of obligation.
- The rules governing obligations in general.
- Contracts in general.
- The most important single typical contracts.
- Civil liability (precontractual, contractual and tortious).
- Other acts or events giving rise to obligations.
VI. The judicial protection of rights.
VII. Family, gifts and inheritance.
Other activities:
Assessment:
Professor:
seminars, practical work, guest speakers
oral exam
written tests during the semester
Pardolesi, Di Ciommo
Textbooks:
Prof. Pardolesi
F. Di Ciommo, Manuale di diritto privato, Giappichelli Editore, Torino, 2010.
E. Roppo, Manuale di diritto, Estratto, Giappichelli Editore, Torino, 2010;
Civil code.
Prof. Di Ciommo
F. Di Ciommo, Manuale di diritto privato, Giappichelli Editore, Torino, 2010.
E. Roppo, Manuale di diritto, Editio minor, Giappichelli Editore, Torino, 2011.
Other materials on law cases will be provided.
26b/d
E1-IPL26a/b/c/d-B: ITALIAN PRIVATE LAW
Introductory concepts. Legal rules. The sources of law. Concepts of private law.
The interpretation of law and analogy.
General outline of the law governing persons, the family and succession.
Real rights: ownership, possession and real rights of enjoyment.
Obligations: performance, breach, various matters affecting obligations, monetary and joint
obligations, protection for creditors and security for performance.
62
Contracts: the contract in general, formation and matters affecting the contract, single typical
contracts.
Tort and other sources of obligation.
The protection of rights. Registration, real security rights, actions to defend security, and
statute of limitations.
Other activities:
Assessment:
Professor:
oral exam
Carleo, Di Gravio
Textbooks:
Prof. Carleo:
A choice amongst one of the following:
M. BESSONE (a cura di), Lineamenti di diritto privato, Giappichelli, Torino, ultima edizione;
- R. CARLEO – S. MARTUCCELLI – S. RUPERTO (a cura di), Manuale di diritto civile, Dike, Roma;
- F. GALGANO, Diritto privato, CEDAM, Padova, ultima edizione;
- F. GAZZONI, Manuale di diritto privato, ESI, Napoli, ultima edizione;
- P. PERLINGIERI (a cura di), Manuale di diritto civile, ESI, Napoli, ultima edizione;
- P. RESCIGNO, Manuale del diritto privato italiano, Jovene, Napoli, ultima edizione;
- V. ROPPO, diritto privato, Giappichelli, Torino, ultima edizione;
- A. TORRENTE, P. SCHLESINGER, Manuale di diritto privato, Giuffrè, Milano, ultima edizione;
- A. TRABUCCHI, Istituzioni di diritto civile, CEDAM, Padova, ultima edizione;
- P. TRIMARCHI, Istituzioni di diritto privato, Giuffrè, Milano, ultima edizione;
- P. ZATTI, V. COLUSSI, Lineamenti di diritto privato, CEDAM, Padova, ultima edizione.
Students are also required to study five lessons (at their choice) out of the following textbook:
Autori vari, Dieci lezioni di Diritto Privato, UTET, 2006.
Italian Civil Code.
Prof. Di Gravio:
Trimarchi, Istituzioni di diritto privato, Giuffrè, ultima edizione. The following parts are
excluded: chap. XL; cap. XLI; §§ 337 and 338 from chap. XLII; chap. XLIII; §§ 364 to 372 from cap.
XLVII; from chapter LVIII to chapter LXXIII.
Zatti Colussi, Lineamenti di diritto privato, Cedam, ultima edizione. These parts are excluded:
from chapter 31 to 33; from chapter 35 to 49; from chapter 52 to 53.
Galgano, Istituzioni di diritto privato, Cedam, ultima edizione. These parts are excluded: from
chapter 24 to 26.
Torrente – Schlesinger, Manuale di diritto privato, Giuffrè, latest edition. The following parts are
excluded: chapter XXXIX; §§ 380 and 381 from chapter XLII; chapter XLVI; chapter L; §§ 429 to
435 from chapter LI; chapter LII and LIII; from chapter LVI to LXXX.
Autori vari: Dieci lezioni di Diritto Privato, UTET, 2006 (five lessons at student’s choice).
27a
E1-IPE26a/b/c/d-B: ISTITUTIONS OF POLITICAL ECONOMY
63
The course is divided into three conceptually distinct parts. The first tackles problems in relation
to personal choices made by economic agents (in other words, consumers and businesses), the
second studies the markets (in other words, the environments within which those agents
interact), while the third analyses aggregate economic systems and the institutions (in other
words, political, fiscal and monetary authorities) that influence how they work. In all parts of
the course special attention is paid to the application of the economic method and the concept
of efficiency that, in its various forms, is at the same time a paradigm of reference and guide for
economic policy initiatives.
Other activities:
Assessment:
Professor:
10% oral exam
90% written exam
Spallone
Textbooks:
Varian, H. (latest edition), Microeconomia, Cafoscarina.
Pandimiglio, A. – Spallone, M. Problemi di Microeconomia, Cedam, 2011.
28
E3-LSC27-B: LABOUR LAW
Trade union law. Knowledge of the sources. Collective bargaining agreements and evolution of
collective bargaining. Right to strike. Reference to European sources. Social dialogue and
European framework agreements. The individual labour relationship: the contract, powers of the
employer, protection of the worker. Selected recent caselaw on changes in job description,
individual dismissal, collective redundancy, and discrimination. Labour contracts and the
market. Non-standard labour relationships. Reference to main European sources. Flexicurity
measures.
Assessment:
Professor:
60% oral exam, team work 40%
Sciarra
Textbooks:
S. Sciarra, L’Europa e il lavoro. Solidarietà e conflitto in tempo di crisi. Laterza 2013.
Tther materials and case studies will be given during the semester.
29
LAW & ECONOMICS
Spring semester; 72 h lectures; 7 hrs per week; 8 credits; elective
Birth and evolution of law and economics; elements of microeconomics and decision theory;
theories of justice (Posner, Rawls, Harsanyi, Sen, Gauthier, etc.); neoclassical economics;
bounded rationality and rational ignorance; behavioral economics; law and economics of
property; property rules v. liability rules; optional law; intellectual property protection and
digital rights management; law and economics of contracts; consumer protection; abuse of
economic dependence; tort law and economics; private enforcement and optimal deterrence;
principles of regulatory impact analysis and cost-benefit analysis of legislation; nudging and new
frontiers of behavioral law and economics; applications to financial services, IP, antitrust,
telecommunications, climate change.
Assessment:
Professors:
Written exam
Pardolesi
64
Textbooks:
Cooter e a., Il mercato delle regole, voll. I e II, Bologna, 2006.
Materials provided during the semester.
30c/d
E3-MEP28b-B: MACROECONOMICS
After studying government accounting, the course will analyse the basic macroeconomic model
for a closed economy and full employment. Then a long-term growth model will be analysed.
Subsequently, the course will examine the IS-LM model of closed and open economies and then
the demand for aggregate supply and demand. Finally, stabilisation policies will be analysed.
The course includes a series of tutorials, using numerical examples, on matters discussed at
lectures.
Assessment:
Professor:
Written exam (optional oral exam)
Borri, Quintieri
Textbooks:
Prof. Borri:
N. Gregory Mankiw – Mark P. Taylor “Macroeconomia”, Zanichelli, latest edition.
Prof. Quintieri
Mankiw, N.G, Taylor, M. P. Macroeconomia, 2011 ed. Zanichelli.
26a/b
E3-MEP28c-B: MACROECONOMICS
Fall semester; 70 lectures; 7 hrs per week; 12 credits;
Introduction to macroeconomics and basic notions of government accounting.
The market for goods. The Keynesian cross model. The IS curve.
Financial markets. The quantity theory of money. Money supply. The LM curve.
The short term. The IS-LM model, the effects of monetary and fiscal policy and the construction
of the aggregate demand curve.
The IS-LM model in an economy open to foreign trade.
The labour market. Unemployment.
The short term. The AD-AS model, demand equilibrium and aggregate supply. Implications of
economic policy.
The dynamic AD-AS model. The trade-off between inflation and unemployment. The Phillips
curve.
Expansion of the money supply and inflation. Deflationary policies.
Economic growth. The Solow model. Technological progress.
Public debt dynamics and sustainability.
Analysis of aggregate income stabilisation policies: monetary and fiscal policy.
Assessment:
Professor:
Oral and written exam
Reichlin, Nisticò
65
Textbooks:
N.G. Mankiw e M.P. Taylor, Macroeconomia, V edizione, Zanichelli.
31
E3-Ma29-B: MARKETING
Fall semester; 70 lectures; 7 hrs per week; 12 credits;
1) The concept of marketing and the marketing process. 2) The market and consumer behaviour.
3) Marketing strategy and marketing mix (product, price, distribution and communication). 4)
Application/exercises on topics like segmentation, positioning and marketing plan.
Assessment:
Professor:
50% Written exam, 35% Team work, 15% partecipation
Marcati
Textbooks:
Philip Kotler, Kevin Lane Keller, Il marketing del nuovo millennio, Seconda edizione, Pearson
2010.
32a
E1-Mat30a-B: MATHEMATICS
Fall and Spring semester; 70 lectures; 7 hrs per week; 12 credits
Natural, whole, rational and real numbers.
Vectors and matrixes: linear combination and linear independence, dimension and base.
Determinants and characteristics. Linear systems and the Rouché-Capelli theorem.
Elements of analytical geometry in the plane and in space.
Straight line topology and multidimensional Euclidean space.
Functions in more than one variable: general. Exponential and logarithmic functions. Circular
functions (aspects of trigonometry).
Successions and limits, indeterminate forms. Nepero's constant.
Numerical series and convergence criteria.
Function limits, infinites and their comparison. Asymptote. Continuous functions.
Derivative: definition, calculation and applications. Differential, Taylor's polynomial and series.
Maxima and minima for functions of more than one variable. Fixed endpoints. Gradient.
Integrals (definite and indefinite) and main methods of calculation. Improper integrals.
Other activities:
Assessment:
Professors:
practical work
Cacciafesta
Textbooks:
F. Cacciafesta, Matematica generale, ed. Giappichelli.
32b
E1-Mat30b-B: MATHEMATICS
Fall/Spring semester; 70 lectures; 7 hrs per week; 12 credits
66
Functions. Examples of basic properties. Function limits. Methods for calculating limits.
Continuous functions of a variable. Basic properties of continuous functions. Theorems on
continuous functions. Definition of derivatives. Theorems on derivable functions. Maximums and
minimums of functions and methods for determining them. Search for zeros.
Succession and series. Introduction to integral calculus. Vectors and operations on vectors.
Linear dependence and independence. Rouché-Capelli theorem on linear systems. Method for
calculating the range and solutions of a linear system: Gauss-Jordan and determinants. Functions
of more than one variable: restrictions, partial and directional derivatives, gradient and
examples. Methods for determining the maximum and minimum of functions with more than one
variable in simple cases.
Other activities:
Assessment:
Professors:
practical work
50% written and 50%oral exam
Papi
Textbooks:
Peccati - Salsa – Squellati, Matematica per l'economia e l'azienda, ed. Egea, Milano;
Castellani – Gozzi, Esercizi di matematica per l'economia e l'azienda, ed. Esculapio, Bologna.
Other material will be provided during the semester.
32c
E1-Mat30c-B: MATHEMATICS
The course is designed to provide first year economic students with some basic mathematical
techniques that are used to solve many applied problems in economics, business, finance and
insurance. At the end of the course the student must be able to successfully tackle and resolve
some standard exercises of use in applications.
The topics covered include: functions and basic properties, limits and continuity, differential
calculus and applications, integration, succession and series, matrixes, vectors and linear
equation systems, linear transformation, determinants, vector subspaces and properties,
functions of more than one variable, free and restricted optimisation, and economic
applications.
Assessment:
Professors:
Sbaraglia
Textbooks:
Peccati – Salsa – Squellati: Matematica per l’economia e l’azienda, ed. Egea, Milano.
Castellani – Gozzi: Esercizi di matematica per l’economia e l’azienda, ed. Esculapio, Bologna.
Other material will be given during the semester.
32d
E1-Mat30d-B: MATHEMATICS
Linear equation systems: vectors, matrixes, solutions to parametric and other systems.
Real functions of one real variable: simple functions, composite functions, limits, continuity and
derivability.
Integrals. Immediate integrals, methods of exact integration by parts and replacement, improper
integrals and numerical methods of integration.
67
Succession, series and approximation of functions.
Ordinary differential equations: separable variable equations, homogeneous and heterogeneous
linear equations.
Real functions of more than one variable and vector functions. Free endpoints, fixed endpoints,
Pareto optimality.
Outline of the system of differential equations, partial differential equations, finite differential
equations and multiple integrals.
Other activities:
Assessment:
Professors:
practical work
50%written and 50% oral exam
Scarlatti
Textbooks:
The following texts can be used:
Peccati – Salsa – Squellati: Matematica per l’economia e l’azienda, ed. Egea, Milano.
Castellani – Gozzi: Esercizi di matematica per l’economia e l’azienda, ed. Esculapio, Bologna.
33
MARKETS AND STRATEGIES
The course will focus on trying to flesh out a set of complicated answers to a very simple
question: “what allows certain firms to persistently earn positive economic profits, while others
deliver negative returns and ultimately are forced to exit the market?” The answers will involve
analysing the basic competitive structure of different types of markets, and the managerial
decision-making tools that allow a firm to make the best use of available resources and develop
a sustainable competitive advantage. Topics covered will include:
− Market structure and competition
− Entry and exit
− Technological change and network externalities
− Path dependence and lock-in
− Game theory and strategy
− Resource based view of the firm
− Value added analysis
− Strategic groups and firm profitability
− Competitive strategy in network and information industries
Other activities: traditional lecture
individual exercices
team works
cases studies
presentations and assignments
Assessment: written test 33%
oral final exam 33%
team work executed during the course) 34%
Professors: Devetag
Textbooks:
Di Giorgio G., Lezioni di economia monetaria, Cedam, Padova, latest edition (in particular
chapters 1 and 5);
Di Giorgio G., A. Pandimiglio, S. Nisticò, Problemi di Economia e Politica Monetaria, Cedam,
68
Padova.
Other readings will be provided during the semester.
34
METHODOLOGY OF SOCIAL SCIECES
General Part. Critcs of induttivism and of osservativism. Creativity in science. Logics asymmetry
Popper-Hempel model and sciences division. Explanation and comprehension. Critc rationalism
(Popper) ed Ermeneutics (Gadamer).
Special Part. Mandeville, the scottish moralist movement and the birth of the social sciences.
Unintentional consequences of intentional human actions as objects of the social sciences. The
theory of evolution of social institutions. Evoluzionism and utilitarism. French positivist sociology
francese v. political economy. The theory of general economic equilibrium, and “austrian”
critics. “Austrian” influence on Max Weber’s work. Market and economic calcolus.. Knowledge,
market, entrepreneurship. Rational growth and economic development.
Other activities:
Assessment:
Professors:
lectures
oral exam
Infantino
Textbooks:
- L. Infantino L., L’ordine senza piano, Armando, Roma, 2008
- L. Infantino L., Individualismo, mercato e storia delle idee, Rubbettino, Soveria Mannelli, 2008.
- L. Infantino, Ignoranza e libertà, Armando, Roma, 1999 (only chapters 1-2-3).
35
E3-MCE32-B: MONETARY AND CREDIT ECONOMICS
The course examines the function of currency, the role of financial brokers, and the
management and transmission of monetary policy in modern industrialised economies, with
special emphasis on the European Central Bank and the Federal Reserve. Students are expected
to have acquired basic concepts of general mathematics, statistics, microeconomics and
macroeconomics.
Prerequisites:
Macroeconomics
Other activities:
practical work
Assessment:
oral and written exam
Professors:
Di Giorgio
Textbooks:
Di Giorgio G., Lezioni di economia monetaria, Cedam, Padova, latest edition (in particular
chapters 1 and 5);
Di Giorgio G., A. Pandimiglio, S. Nisticò, Problemi di Economia e Politica Monetaria, Cedam,
Padova.
Other readings will be provided during the semester.
36
E3-MCE33-B: MONEY AND BANKING (ENGLISH)
69
Fundamentals of money and banking; Financial System; The money creation process and the
monetary policy transmission mechanism; Monetary theory: basic notions; Money, bonds and
credit in macro-modeling; The European Central Bank and the US Federal Reserve; The 2007 –
2012 global financial crisis.
Prerequisites:
Other activities:
Assessment:
Professors:
Macroeconomics
practical work
Mid-term exam (40%), Written test (50%), oralexam(10%)
Paesani
Textbooks:
Mishkin, F. (2012) The Economics of Money, Banking and Financial Markets, 10th edition, Pearson
Education
European Central Bank, (2011) The Monetary Policy of the ECB, 3rd edition, ECB
Additional references:
Handa J. (2009) Monetary Economics, 2nd edition, Routledge
Valdez S., and Molyneux P. (2010) An Introduction to Global Financial Markets, 6th edition,
Palgrave MacMillan
ECB annual and monthly bulletins,
BIS publications,
Quality financial press (the Economist, the Financial Times)
At the beginning of each week, the instructor will indicate the relevant reference reading
material for the lectures of the week.
37
E3-PE34B: PROFESSIONAL ETHICS
Annual; 70 lectures; 7 hrs per week; 8 credits; elective
The recent crisis in the world financial system has caused a sophisticated model of enrichment
based on fraud to collapse, revealing an urgent need for continuous synergy among the various
levels of social responsibility within the globalised world. Many hope that this will lead to
overcoming the mentality that sees economic science as pure and independent. The demand for
ethics thus arises also in the shape of a need inside the economic world so that business, in the
dialectic between individuals and the community, will fall within the realm of the pursuit of
total quality of social wellbeing so as to foster positive coexistence among man.
But how can one ‘moralise’ the ‘places’ of wealth creation and distribution?
The first part of the course will focus on the subject of ethics, above all taking into account the
history of Western thought. Then, conscious of the globalised context in which one lives, the
ethical horizons proposed by other cultures and traditions will be examined (Islam, Buddhism,
Hinduism, Taoism, Confucianism, Shintoism and African and Aboriginal traditions). This initial
survey will conclude with a list (through a meta-ethical process and having regard to the UN
Universal Declaration of Human Rights, the Italian Constitution and LUISS University Code of
Ethics) of those few, essential and absolute ethics shared by all and that, in a modern world of
cohabitation among various cultures and religions, can underpin the individual and collective
conscience as the basis for law and morality.
The second part of the course takes the form of a historical and systematic review with the goal
of establishing economic ethics as indicated in the lessons described hereunder, in other words,
a historic itinerary between liberalism, collectivism and solidarity. A meta-ethical proposal with
applications in the labour, financial and environmental protection spheres.
70
Assessment:
Professor:
Written and oral exam
Sangalli
Textbooks:
SANGALLI S. - PICCININ A., Fedi e globalizzazione, Rubbettino, 2013
Other readings:
ALICI L., Filosofia morale, La Scuola, 2011
AA. VV., Amore e verità. Commento e guida alla lettura dell’Enciclica Caritas in veritate di
Benedetto XVI, Paoline, Milano, 2009
AA. VV., Carità globale. Commento alla Caritas in veritate, LEV-AVE, Roma, 2009
AA. VV., Dizionario dei monoteismi, sotto la direzione di J. Patin e V. Zuber, EDB, Bologna, 2005
AA.VV., Economia e concezione dell’uomo, Franco Angeli, Milano, 2007
AA. VV., Enciclopedia Filosofica, a cura di V. Melchiorre, 12 vol.,Bompiani, Milano, 2006
AA. VV., Enciclopedia dell’Economia, Garzanti, Milano, 2001
AA.VV., Nuovo Dizionario delle Religioni, Edizioni Paoline, Roma, 2004.
AA.VV., Riscoprire le radici e i valori comuni della civiltà occidentale: il concetto di legge in
Tommaso d’Aquino, a cura di F. Di Blasi, Rubbettino, Palermo, 2007
AA. VV., Quaderni del ciclo di conferenze “L’uomo e il denaro”, a cura di G. Vigorelli, 6 vol.,
Milano, 2005
BARBERIS M., Etica per giuristi, Edizioni Laterza, Bari, 2006
BENEDETTO XVI, Caritas in veritate, LEV, Città del Vaticano, 2009
BÖCKENFÖRTE E.W., La formazione dello Stato come processo di secolarizzazione, Morcelliana,
Brescia, 2006
BOSETTI G., Il fallimento dei laici furiosi. Come stanno perdendo la scommessa contro Dio,
Rizzoli, Milano, 2009
BRUNI L. – ZAMAGNI S., Dizionario di economia civile, Città Nuova, Roma, 2009
CARLA R., Lo Stato nelle teorie politiche di I. Kant e J. Maritain, Ed. PUG, Roma, 2008
CASSESE A., I diritti umani oggi, Laterza, Roma, 2005
CLIFFORD GRAYLING A., Una storia del bene. Alla riscoperta di un'etica laica, Edizioni Dedalo,
2006.
COMBI E. – MONTI E., Fede e società. Introduzione all’etica sociale, Centro Ambrosiano, Milano,
2005
COMMISSIONE TEOLOGICA INTERNAZIONALE, Alla ricerca di un’etica universale: nuovo sguardo
sulla legge naturale, LEV, Città del Vaticano, 2009
CUNICO G., Lettura di Habermas. Filosofia e religione nella società post-secolare, Queriniana,
Brescia, 2009
DALLMAYR F., Il dialogo e le culture. Metodo e protagonisti, Marsilio, Venezia, 2010
DA RE A., Filosofia morale. Storia, teorie, argomenti, Bruno Mondadori, 2008.
DE TOCQUEVILLE A., Un ateo liberale. Religione, politica, società, a cura di P. Ercolani, Edizioni
Dedalo, Bari, 2008
ELIADE M., Trattato di Storia delle Religioni, Universale Bollati Boringhier
FACCHI A, Breve storia dei diritti umani, Il Mulino, Bologna, 2007
FILORAMO G. – MASSENZIO M. – RAVERI M. – SCARPI P., Manuale di storia delle religioni, Editori
Laterza, Bari, 2006
GORCZYCA J., Essere per l'altro. Fondamenti di etica filosofica, GBP, 2011
GUERRA M., Storia delle religioni, La Scuola, Brescia, 1992
HAMAUI R. – MAURI M., Economia e finanza islamica, Il Mulino, Bologna, 2009
HARRIS J. W., Legal philosophies, Oxford University Press, Oxford, 2004
KÜNG H., Etica mondiale per la politica e l’economia, Queriniana, Brescia, 2002
LANDRETH H. – COLANDER D.C., Storia del pensiero economico, Il Mulino, Bologna, 1996
MATLÁRY J.H., Diritti umani abbandonati? La minaccia di una dittatura del relativismo, EUPRESS
FTL, Lugano, 2007
MEINHOLD P., Manuale delle religioni, Queriniana, Bologna, 1999
71
PERA M., Perché dobbiamo dirci cristiani. Il liberalismo, l’europa, l’etica, Mondadori, Milano,
2008
PONTIFICIO CONSIGLIO DELLA GIUSTIZIA E DELLA PACE, Compendio della Dottrina Sociale della
Chiesa, LEV, Roma, 2004
PONTIFICIO CONSIGLIO DELLA GIUSTIZIA E DELLA PACE, Dizionario di Dottrina Sociale della
Chiesa, LAS, Roma, 2005
PUNZI A., Dialogica del Diritto. Studi per una filosofia della giurisprudenza, Giappichelli, 2009
RATZINGER J. – HABERMAS J., Etica, religione e Stato liberale, Morcelliana, Brescia, 2005
RATZINGER J. – PERA M., Senza radici. Europa, relativismo, cristianesimo, islam, Mondadori,
Milano, 2005.
38
PSYCHOLOGY AND ECONOMICS
The first part of the course (based on materials provided by Prof. Castelfranchi) will focus on
Cognitivism and on the separation between economics and social sciences from psychology. It
will also deal with some key aspects related to cognitive sciences, such as the mind, cognitive
processes, belief theories, their sources and organization, on the theory of objectives, its
organization, its “value” and dynamics.
The second part will provide an analysis of the economic phenomena in which the cognitive
processes are fundamental; it will deal with the studying of those aspects throught sperimental
methodology and cognitive models development. The main phenomena which will be studied
are: perception and categorization, expectations’ formation, the “prospect theory”; economic
and heuristic decisions, emotional processes which influence the economic decisions; the
evolution of economic interactions (in particolar, game theories), social influence, social rules
and the relation between culture and economic behaviour; cooperation, social dilemma e
possible solution.
Other activities: lectures, role-playing, seminars, business game, seminars,
assignment
Assessment: oral exam 100%, optional written exam
optional individual work(a scelta 20%)
Professor: Castelfranco
Textbooks:
Motterlini M, Guala F. “Mente mercati decisioni. Introduzione all’economia cognitiva e
sperimentale”, Università Bocconi Editore, 2011
Novarese M., Rizzello S. “Economia sperimentale”, Bruno Mondadori, 2004
Rumiati R., Rubaltelli E., Mistri M. (a cura di) “Psicologia economica”, Carocci, 2008
Rumiati R. “Decidere”, Il Mulino, 2000
Camerer C. “La neuroeconomia”, IlSole24Ore, 2008
Castelfranchi, C. “Che figura. Emozioni e immagine sociale”, Il Mulino, 2005
Castelfranchi C., Falcone R. "Trust theory", Wiley, 2010
Cialdini R.B., "Le armi della persuasione", Giunti, 2009.
Pelligra V. "I paradossi della fiducia", Il Mulino, 2007.
Miceli M. "Invidia" Il Mulino, 2012.
Barcaccia B., Mancini F. "Il perdono", Raffaello Cortina Editore, 2013.
Castelfranchi C., Poggi I., "Bugie, finzioni, sotterfugi. Per una scienza dell'inganno", Carocci,
2002.
72
39a
E1–PEL35a-B: PUBLIC ECONOMIC LAW
General Part: 1. Constitution and constitutionalism. 2. Civil society, law and the State. 3. The
separation of powers. 4. The sources of law. 5. Interpretation. 6. The legislature. 7. The
executive. 8. The judiciary. 9. Public administration. 10. Administrative discretion.
Special Part: 1 Historical overview of the evolution of public intervention in the economy: from
the guardian State to the regulatory State. General aspects of the economic role played by
public bodies in the age of globalisation and federalist or quasi-federalist structures of public
power. 2. The fundamental principles on economic matters in the Italian Constitution and the EC
Treaty. Constitutional freedom of enterprise. 3. The Single European Market, its organisation and
tools for accomplishing it. The “four freedoms”, EU competition law and limitations on State aid
to business. 4. The domestic market and national competition law. 5. Direct State intervention
in the economy: the model of public enterprise. The public economic law tools at the time of
Massimo Saverio Giannini and subsequent developments. 6. Public services. Concept and
traditional regime. Regulation of thee single sectors: from national services to local services.
The paradigm of universal service. 7. The phenomena of privatisation, liberalisation and
regulation. Independent administrative authorities.
Assessment:
Professor:
oral exam
Montedoro
Textbooks:
General part: one of the following:
P. Barile – E. Cheli – S. Grassi, Istituzioni di diritto pubblico, XIII edizione, Cedam, 2011; P.
Caretti – U. De Siervo, Istituzioni di diritto pubblico, X edizione, Giappichelli editore, 2010; R.
BIN – G. Pitruzzella, Diritto pubblico, IX edizione, Giappichelli editore, 2011
Special art: one of the following:
S. Cassese, La nuova Costituzione economica, Laterza, Bari – Roma, ultima ed.;
G. Di Gaspare, Diritto dell’economia e dinamiche istituzionali, Cedam, Padova, ultima ed.; G.
Montedoro, Mercato e potere amministrativo, Editoriale scientifica, Napoli, 2010
39b
E1–PEL35b-B: PUBLIC ECONOMIC LAW
Theory of social groups. Social groups in the legal system. The structure of the legal system.
Power and its types. The techniques for the division of power. The forms of exercise of power.
Legal rule and order. Persons. Interests. Goods. Individual legal situations. Legal facts. Human
behaviour. Legal effects. Liability. Levels of government (international, EU, national and local).
Organisation of public power. Public functions (policy-making, law-making, administration and
administration of justice). The Italian legal system and the principles regulating its political,
legislative, administrative and judicial activities. Constitutional freedom of enterprise.
Other activities:
Assessment:
Professor:
seminars
oral exam
Rossano
Textbooks:
Rossano, Manuale di diritto pubblico, Jovene, Napoli, 2012;
73
39c
E1–PEL35c-B: PUBLIC ECONOMIC LAW
The initial part of the course concerns the Constitution (general principles, freedoms,
organisation of the State) and EU treaties before then concentrating specifically on the economic
issues that they raise (constitutional freedom of enterprise, federalism, EU and national budgets,
monetary policy, EU policy, etc.). the second part of the course is dedicated to government
intervention and public regulation of the economy, with special reference to the rules on
independent authorities and supervision of the of the economic-financial system.
Other activities:
Assessment:
Professor:
seminars
oral exam
Sepe M.
Textbooks:
General part: Rossano, Manuale di diritto pubblico, Jovene, Napoli, 2012.
Special part: Pellegrini (a cura di), Elementi di diritto pubblico dell’Economia, 2012
40
E3-SMar36-B: SERVICE MARKETING
-
Services vs. products.
Consumption behaviour in services.
Value & selling proposition.
Strategic segment.
Brand management.
Commercial business model.
Delivery.
Brand touch points.
Operational road map.
The Marketing Plan.
Business case studies.
Other activities:
Assessment:
Professors:
Practical work, case studies
Devetag
Textbooks:
- Marketing management (Kotler)
- Marketing dei Servizi (Gremler- Zeithaml- Bitner)
- Marketing Plans (Mc Donalds)
41a/b/c/d
E2-St37a/b/c/d-B: STATISTICS
74
Theory
Statistics and distribution of frequencies. Graphic representations. Position and variability
indices.
Experiments on casualness, events, postulates and theorems on probability. Conditioned
probability and independent events.
Univariate and bivariate casual variables. Main families of casual variables. The central limit
theorem.
Introduction to sampling. Point and interval estimates. Testing hypothesis. Simple linear
regression models and correlation.
Practice
Application of theoretical methods to solve empirical problems of an economic and business
nature.
Assessment:
Professor:
written exam
Cubadda, Biggeri, De Giovanni
Textbooks:
A.C. Monti, Introduzione alla Statistica, ESI, 2008.
41e
E2-St37a/b/c/d-B: STATISTICS
1. Descriptive Statistics. Statistics and distribution of frequencies. Graphic representations.
Position and variability indices.
2. Probability. Experiments on casualness, events, postulates and theorems on probability.
Conditioned probability and independent events. Univariate and bivariate casual variables.
Main families of casual variables. The central limit theorem.
3. Statistical inference. Introduction to sampling. Point and interval estimates. Testing
hypothesis. Simple linear regression models and correlation. Association testing for
categorical variables.
Assessment:
Professor:
written exam
Bini
Textbooks:
A.C. Monti, Introduzione alla Statistica, ESI, 2008.
42
STOCK MARKET TECHNIQUES
Structure and organization of financial markets, price formation, evaluation criteria and return
indicators of liquidity and of bond risks.. Evaluation criteria of equity. Capital Market Theory.
Equity and debt portfolio management strategies. Performance assessment. Derivatives and
portfolio management.
Other activities:
Lectures
75
Assessment:
Professors:
oral exam
Boido
Textbooks:
Fabrizi- Economia del mercato mobiliare. Edizioni Egea quarta edizione (gennaio 2011). Chapters
1- 2-3 excluded.
Letture consigliate:Elton- Gruber.Brown-Goetzman Teorie di Portafoglio e Analisi degli
investimenti ed Apogeo
Boido- Fasano Mercati, Strumenti e investimenti alternativi edizioni, McgrawHill
76
1
E1-Acc1-EaB: ACCOUNTING
Spring semester; 72 h lectures; 3 hrs per week; 8 credits
- The main concepts of financial statement: balance sheet, income statement, statement of cash
flow. The purposes and the users of financial statement.
The
preparation
of
financial
statement:
double
entry
bookkeeping.
- From net income to Cash Flow: Cash Flow statement preparation and interpretation
- The GAAP: International Accounting Standards (IAS/IFRS) and their application:
- The Framework
- IAS 1, IAS 2, IAS 7, IAS 16, IAS, 38, IAS 36…
- US GAAP versus IFRS
Other Activities:
Assessment:
Professor:
Lectures and tutorials
Di Donato
Textbooks:
J. J. Wild, McGraw-Hill Irwin, Financial Accounting Fundamentals, McGraw-Hill 2009 Edition.
Slide set of the course
2
E2-AStEc2-EaB: APPLIED STATISTICS AND ECONOMETRICS
Estimation and testing in linear model; instrumental variables and panel data are the main topics
covered.
Other activities:
Prerequisites:
Assessment:
Professor:
Statistics
Ragusa
Textbooks:
Stock and Watson. Introduction to Econometrics, Addison-Wesley; 3rd edition (December 13,
2010)
3
BEHAVIOURAL ECONOMICS AND PSYCHOLOGY
Spring semester;64lectures; 3 hrs per week; 8 credits; elective
The course is articulated in three main modules: In the first module, students will be introduced
to the normative theory of expected utility maximization and will be shown a variety of
empirical violations to the theory (e.g.: Allais, Ellsberg paradoxes); Tversky and Kahneman’s
prospect theory will be introduced, along with its cognitive underpinnings (dual process of
reasoning) and some relevant consequences of loss aversion and applications of prospect theory
to political decision making and the law. In the second module, students will be studying the
most common heuristics in decision making, and the judgment biases stemming from such
heuristics. In particular, anchoring, availability and representativeness will be introduced, as
well as the conjunction fallacy, the so-called law of small numbers, regression to the mean.
Particular attention will be given to the base-rate fallacy as it will be contrasted with proper
Bayesian judgment updating. Finally, the third module will introduce students to the growing
77
field of behavioral finance. Time is reserved at the end of the course for students’ questions and
possibly for topics not currently included in the syllabus.
Other activities:
Prerequisites:
Assessment:
Professor:
Microeconomics, Statistics
Egidi/Sillari
Textbooks:
Required:
1. Scott Plous, The Psychology of Judgment and Decision Making;
2. Daniel Kahnemann, “Maps of Bounded Rationality: A perspective on intuitive judgment and
choice,” Nobel Prize Lecture 2002;
3. Christine Jolls, Behavioral Law and Economics, NBER Working Paper 2006;
4. Nicholas Barberis and Richard Thaler: “A Survey of Behavioral Finance,” Handbook of
Economics of Finance, Vol. 1, part B, pp. 1053-1075;
5. Dehling Daniel Bernoulli and the St.Petersburg Paradox , Niew Archief voor Wiskunde, 3 nov.
1997
6. Tversky and Kahneman “Rational Choice and the framing of decisions” The Journal of
Business, vol.59,n.4 pp. s251-s278
7. Ananish Chaudhuri, Expoeriments in Economics, Routledge, chapter 2, pp. 37-80
Suggested:
• Robyn Dawes and Reid Hastie, Rational Choice in an Uncertain World, 2nd ed. Sage 2010;
• Max Bazerman, and Don A. Moore, Judgment in Managerial Decision Making, 7th ed., 2009
Wiley & Sons;
• Erik Angner, A Course in Behavioral Economics, Palgrave 2012
4
E2-Man12-EaB: BUSINESS ORGANIZATION
1.
2.
3.
4.
5.
6.
7.
8.
9.
Organization and organization theory (recalls)
Organization design principles
Aligning Business Organization Components
The Business Organization Design Process
Designing Macro Structures
Designing Micro Structures
Designing Vertical Relations (Hierarchies)
Designing Horizontal Relations
Restructuring the Business Organization
Assessment: • a group project accounting for 50%
• a final exam accounting for the remaining 50%
Final Exam
• Students who participate successfully in a group project
will have to pass a written exam only
• Students who do not particpate successfully to a group
project will have to pass both a written and a oral exam
Professors: Dandi
Textbooks:
Nicolay Worren (2012) Organization Design. Pearson (1st edition) ISBN-10: 0273738836
78
5
E3-CF6a-EaB: CORPORATE FINANCE (ADVANCE)
ADVANCED CAPITAL BUDGETING
1) Free Cash Flow Models
2) Sensitivity Analysis
3) Real Options
VALUING BONDS AND STOCKS
1) Valuing Bonds
2) Valuing Stocks
RISK AND THE COST OF CAPITAL
1) Capital Markets and the Pricing of Risk
2) Applications and Estimation of Capital Asset Pricing Model
3) Alternative Models of Systematic Risk
CAPITAL STRUCTURE AND VALUATION
1) The WACC Method
2) The Adjusted Present Value Method
3) The Flow to Equity Method
4) Business Valuation
Other activities:
Assessment:
Professor:
Papers and individual work (optional)
Written test (optional oral exam)
Oriani /Cervellati /Mustilli/Mattarocci/Bozzi/Spisni
Textbooks:
Prof. Oriani:
Berk J., DeMarzo P., Corporate Finance, Second Edition, Pearson International Education, 2011.
Prof. Cervellati/Mustilli /Mattarocci/Bozzi:
Brealey R. A, Myers S.C., Sandri S., Principi di finanza aziendale, 6 ED, McGraw-Hill, Milano,
2011.
Prof. Spisni:
Brealey R. A, Myers S.C., Sandri S., Principi di finanza aziendale, 6 ED, McGraw-Hill, Milano, 2011
Bajo, E. e Sandri, S. Finanza Aziendale, Testi d'esame, Pitagora, 2007
6
E2-EMAFI5-EaB: CAPITAL MARKETS
Spring semester; 72 h. lectures; 3 hrs per week; 8 credits
Introduction to Financial Instruments and Securities Markets; Portfolio Theory; Fixed Income
Markets; Equity Markets; Derivative Markets.
Other activities:
Prerequisites:
Assessment:
Professor:
Not available at time of publication
Statistics, Microeconomics, Calculus
Not available at time of publication
Vitale
Textbooks:
Not available at time of publication.
79
7
CONTEMPORARY HISTORY
Fall semester; 64 h. lectures; 3 hrs per week; 8 credits; elective
European and world history of the XX century from the First World War to the Cold War.
Assessment: individual presentation - 20%
2. essay (team grade) - 20%
3. oral exam - 60%
Professor: Blasberg
Textbooks:
PHM BELL: "Twentieth Century Europe"
Conan FISCHER: "Europe between Democracy and Dictatorship, 1900-1945".
William HITCHCOCK: "The struggle for Europe, 1945-2000".
Letture più specifiche saranno indicati sul sito web durante il corso.
8
E3-EM13–B: ECONOMICS AND MANAGEMENT OF ENERGY BUSINESS
sources. It will analyze how energy markets characteristics affect economic efficiency goals, will
discuss approaches to evaluating the welfare effects and policies that can be used to address
market failures, including taxation, price regulation and deregulation, energy efficiency, and
control of emissions.
Assessment:
Professor:
Final written test and a group project during the course
Mori
Textbooks:
There is no assigned textbook for the course. Lectures will be supported by presentations to be
handed out before each class. Texts of relevance to the course include:
- Varian H R, Intermediate Microeconomics: A Modern Approach, Fifth Edition, W. W. Norton,
New York, 1999
- Kirschen D, Strbac G, Fundamentals of Power System Economics, John Wiley & Sons, 2004
- Stiglitz J E, Economics of the Public Sector , W.W.Norton, (Re-printed 1988, 2000)
- Stoft S, Power System Economics: Designing Markets for Electricity, Wiley, 2002
- Pearce D W, Turner R K, Economics of Natural Resources and the Environment, Johns Hopkins
Univ Pr (December 1989).
9
Fall semester; 72 lectures; 3 hrs per week; 8 credits - Elective
➢ Innovation sources and processes
➢ Taxonomy of innovation
➢ Sectoral patterns of innovation
➢ Geography of innovation
80
➢ Marketing innovation
➢ Organizing innovation
➢ Entrepreneur’s individual traits
➢ Entrepreneurial opportunities
➢ Entrepreneurship ecosystem
Assessment:
Other activities:
Professors:
Participation/short presentation and written exam
Case studies
Prencipe
Textbooks:
Papers as indicated per each session.
10
E3-GaStr6-EaB: GAMES AND STRATEGIES
A survey of games in normal, extensive and coalitional forms.
Assessment:
Prerequisites:
Professors:
Midterm exam, Final exam, oral exam
Mathematics
Dall’Aglio
Textbooks:
Joel Watson, Strategy – An introduction to game theory, 2nd edition, W.W. Norton.
Martin J Osborne, An introduction to Game Theory, Oxford University Press,
Ein-Ya Gura and Micheal B. Maschler, Insights into game theory, Cambridge University Press,
Plus on line material.
11
HISTORY OF POLITICAL THOUGHT (DISTRIBUTIVE JUSTICE)
This class will provide a view of the evolution of modern liberalism, with a special focus on the
relation between the constitutional restraint to governmental action and the grounds of the
legitimacy of democratic governments. The lectures will provide the historical and conceptual
underpinnings necessary to assess a conciliatory view of the connections between
constitutionalism and democracy, to the effect that constitutional norms warrant for the power
and the effectiveness of the action of democratic governments. Some room will be also given to
the psychological foundations of those views, in authors such as J. Bodin, T. Hobbes, J. Locke, D.
Hume, A. Smith, Ch. L. de Montesquieu and J.S. Mill.
Assessment: written exan 70 %, oral exam 20 %, presentations 10%
Professors: Pellegrino
Textbooks:
The final exam will focus on:
Stephen Holmes. Passions & Constraint. On the Theory of Liberal Democracy (Chicago: The
University of Chicago Press. 1995).
During classes, references will be made to the following texts:
The Cambridge History of Political Thought. 1400-1700. Ed. by J.H. Burns and M. Goldie
(Cambridge: Cambridge University Press, 1991).
The Cambridge History of Eighteenth-Century Political Thought. Ed. by M. Goldie and R. Wokler
81
The Cambridge History of Nineteenth-Century Political Thought. Ed. by J.H. Burns and M. Goldie
The Cambridge History of Nineteenth-Century Political Thought. Ed. by T Ball and R. Bellamy
During classes, the following texts will be discussed (excerpts will be circulated):
Jean Bodin. The Six Bookes of a Commonwealth. Ed. by K.D. McRae (Cambridge: Harvard
University Press, 1962).
Thomas Hobbes. The English Works of Thomas Hobbes. Ed. by W. Molesworth (London: John
Bohn, 1839-45).
–. Leviathan (Harmondsworth: Penguin, 1986).
–. Behemoth or the Long Parliament (Chicago: University of Chicago Press, 1991).
–. Philosophical Rudiments Concerning Government and Society. In Id., English Works, II.
John Locke. Two Treatises of Government. Ed. by P. Laslett (Cambridge: Cambridge University
Press, 1988).
–. A Letter on Toleration. Ed. by R. Klibansky and J.G. Gould (Oxford: Clarendon Press, 1968)
David Hume. A Treatise of Human Nature (Oxford: Clarendon Press, 1978).
–. Enquiries Concerning the Human Understanding and Concerning the Principles of Morals. Ed. by
L.A. Selby-Bigge (Oxford: Clarendon Press, 1966).
–. Essays Moral, Political, and Literary (Indianapolis: Liberty Classics, 1985).
–. Of the Dignity of Meanness of Human Nature. In Id., Essays
–. Of Parties in General. In Id., Essays
–. Idea of a Perfect Commowealth. In Id., Essays
–. Whether the British Government Inclines Most to Absolute Monarchy or to a Republic. In Id.,
Essays
–. Of the Origin of Government. In Id., Essays
–. Of the Original Contract. In Id., Essays
–. Of the Independency of Parliament. In Id., Essays
–. Of Commerce. In Id., Essays
Adam Smith, An Inquiry into the Nature and Causes of Wealth of Nations (New York: Modern
Library, 1937).
–. The Theory of Moral Sentiments (Oxford: Clarendon Press, 1976).
Charles-Louis de Secondat de Montesquieu. The Spirit of the Laws (New York: Hafner, 1949).
John Stuart Mill. On Liberty. In Id. Collected Works. Ed. by J.M. Robson. Vol. XIII. Essays on
Politics and Society (Toronto: Toronto University Press, 1977)
–. Considerations on Representative Government. In Id., Collected Works. Vol. XIX. Essays on
Politics and Society.
Friedrich Von Hayek. The Constitution of Liberty (Chicago: University of Chicago Press, 1960).
Martin Shapiro, “Introduction,” in The Constitution of the United States and Related Documents
(New York: Appleton-Century-Crofts, 1968).
Isaiah Berlin. Four Essays on Liberty (Oxford: Oxford University Press, 1969).
John Hart Ely. Democracy and Distrust: A Theory of Judicial Review (Cambridge: Harvard
University Press, 1980).
John B. Rawls. Political Liberalism (New York: Columbia University Press, 1993).
12
E3-IS7-EaB: INFORMATION SYSTEMS
The course will be divided in two main parts: management of information systems operate and
Web LAB. The latter part will be focused on Information systems plan and management,
examining project management basic techniques, and the implications of ICT for organizations
82
and processes (e.g. make or buy, software lifecycle, BPR, IS Sec).The Web LAB will deliver the
ability to implement business ideas on the web via Rapid Application Development tools.
Assessment:
Professors:
67% written exam; 33% lab test; optional project:
contribution not exceeding 10/30 points
Me
Textbooks:
Title:Information Systems fundamentals, By: Gianluigi Me and Paolo Spagnoletti Publisher:
McGraw Hill Create Pub. Date: July, 2011 ISBN-13: 978-1121232853.
Further readings will be available on the elearnig platform of the course.
13
INTERNATIONAL ECONOMICS
Spring semester; 72 lectures; 3 hrs per week; 8 credits - elective
International economics is about how nations interact through trade of goods and services,
through flows of money and through investment. Today, nations are more closely linked through
international trade (i.e. exchange of goods and services) and through international finance (flows
of money and investment) than ever before. This course will introduce students to the main
theories and policy issues in international trade: What are the gains from international trade for
a particular country? How can we explain the patterns of trade that have emerged in recent
decades? Which instruments are available to policy makers in regulating international trade, and
what are the likely effects of such policy interventions?
Assessment:
Professors:
Weekly problem sets (graded), written final exam
Giardino-Karlinger
Textbooks:
Paul R. Krugman, Maurice Obstfeld, and Marc Melitz: International Economics – Theory & Policy,
9th edition, Prentice Hall, 2012.
14
E1-IBE8-EaB: INTRODUCTION TO BUSINESS ECONOMICS
1)
2)
3)
4)
Introduction to business administration
Governance, strategy, business management and organization
Introduction to accounting
Introduction to the analysis of firms' performance
Assessment:
Other activities:
Professors:
Practical team work, case studies
Bozzolan
Textbooks:
David Boddy, Management: an Introduction, Prentice Hall, 2005;
Robert N. Anthony – Leslie K. Breitner, Essentials of Accounting, Prentice Hall, 2007;
Five Slides set of the course.
11
E2-IO&CT9-EaB: IO & COMPETITION THEORY
83
Industrial Organization studies the interaction of firms and consumers in markets that are
characterized by imperfect competition. We will explore the sources and consequences of
market power. The course will cover topics in monopoly, price discrimination, static and
dynamic oligopoly models, cartel behavior, product differentiation, and strategic entry
deterrence. Each topic will be supplemented by case studies and problem sets.The open
economy: output, the interest rate and exchange
Monetary policy and fiscal policy: what policy can do to improve economic performance?
Assessment:
Professors:
written examination
Boffa
Textbooks:
Jeffrey Church and Roger Ware: Industrial Organization: A Strategic Approach, McGraw Hill,
2000.
15
E2-L&Ec10-EaB: LAW & ECONOMICS
Birth and evolution of law and economics; elements of microeconomics and decision theory;
theories of justice (Posner, Rawls, Harsanyi, Sen, Gauthier, etc.); neoclassical economics;
bounded rationality and rational ignorance; behavioral economics; law and economics of
property; property rules v. liability rules; optional law; intellectual property protection and
digital rights management; law and economics of contracts; consumer protection; abuse of
economic dependence; tort law and economics; private enforcement and optimal deterrence;
principles of regulatory impact analysis and cost-benefit analysis of legislation; nudging and new
frontiers of behavioral law and economics; applications to financial services, IP, antitrust,
telecommunications, climate change.
Assessment:
Professors:
oral examination; take-home written exam
Brescia Morra/ Renda
Textbooks:
Part I: Compulsory:
Cooter-Ulen, Law and Economics, Addison-Wesley
Further readings will be distributed by the teacher during the course.
Part II: Klein, Coffee, Partnoy, Business Organization and Finance, Foundation Press, 2010.
Materials from the website.
Kraakman, Armour, Davies, Enriques, Hansmann, Hertig, Hopt, Kanda, Rock, The Anatomy of
Corporate Law. A comparative and Functional Approach (second Edition), Oxford University
Press, 2009.
16
E2-Mac11-EaB: MACROECONOMICS
Introduction- Defining the macroeconomics variables. The Short Run, the Medium Run and the
Long Run
PART I -The Short Run: The goods market, the financial markets and the IS-LM model. Fiscal and
monetary policies in the short run.
PART II – The Medium Run: The labour market and the natural rate of unemployment. The AS-AD
model: inflation, production and money growth. Fiscal and monetary policies in the medium run
84
PART III – The Long Run: Saving, capital accumulation and growth. The role of technological
progress. The facts of growth: capital accumulation vs. technological progress
PART IV – The open economy: The interest rate parity. The Mundell-Fleming model.
PART V: Pathologies: The new great recession: the late-2000 economic and finacial crisis.The
European sovereign debt crisis
Assessment:
Prerequisites:
Professors:
written examination
Microeconomics
Vallanti
Textbooks:
Blanchard, O. Giavazzi F & Ameghini A., Macroeconomics: A European Perspective, Prentice Hall
,(2011)
David Findlay, Study Guide Macroeconomics, Pearson Prentice Hall, 5th edition, 2009
17
E2-Mar13-EaB: MARKETING
1. Marketing, the marketing concept and the marketing process; 2. Consumer Buying Behavior; 3.
Marketing Strategy the marketing mix (product, price, distribution, communication) ; 4)
Applications/exercises.
Assessment:
Professors:
10% Class participation;
45% Group Projects;
45% Final Individual examination
Marcati
Textbooks:
Armstrong, G., and Ph. Kotler, Marketing: An introduction, 11e, Pearson, 2013.
18
Spring semester; 72lectures; 7 hrs per week; 8 credits; elective
The course will focus on trying to flesh out a set of complicated answers to a very simple
question: “what allows certain firms to persistently earn positive economic profits, while others
deliver negative returns and ultimately are forced to exit the market?” The answers will involve
analysing the basic competitive structure of different types of markets, and the managerial
decision-making tools that allow a firm to make the best use of available resources and develop
a sustainable competitive advantage. Topics covered will include:
− Market structure and competition
− Entry and exit
− Technological change and network externalities
− Path dependence and lock-in
− Game theory and strategy
− Resource based view of the firm
− Value added analysis
− Strategic groups and firm profitability
− Competitive strategy in network and information industries
Assessment: written test 33% oral final exam 33%, team work
85
executed during the course) 34%
Professors: Devetag
Textbooks:
Besanko, D. Dranove, M. Shanley, Economics of strategy, Wiley, New York, 2007
Grant, R. (2009), Contemporary Strategy Analysis, seventh edition, John Wiley & Sons, Inc.
Schilling, M. (2006), Strategic Management of Technological Innovation, New York, McGraw-Hill.
Paper list (see extended program)
ps. please, note that the extended program and the list of reading material are subject to
change
19
E1-Mat118-EaB: MATHEMATICS
Fall and Spring semester; 114 lectures (annual); 7 hrs per week; 12 credits
An introduction to calculus and linear algebra, with many applications in economics.
Other activities:
Assessment:
Professors:
practical work
Midterm exam, written exam, oral exam
Dall’Aglio
Textbooks:
Robert A. Adams and Christopher Essex, Calculus: A complete course, 7th edition, Pearson
(without the MyMathLab package)
Knut Sydsaeter, Peter Hammond, Arne Stroem, Essential mathematics for economic analysis, 4th
edition, Pearson (without the myMathLab package)
Knut Sydsaeter, Peter Hammond, Atle Seierstad, Arne Strom, Futrther Mathematics for economic
analysis, 2nd edition, Pearson,
Plus online material.
20
E1-Mic15-EaB: MICROECONOMICS
Spring semester; 72 lectures; 7 hrs per week; 8 credit
Basic consumption and production theory.
Other activities:
Assessment:
Professor:
Lectures and TA sessions
Written exam
Schivardi
Textbooks:
Hal Varian, Intermediate Microeconomics, Norton & Company, 8th Edition.
33
E1-PMFR19-GM: MANAGEMENT CONTROL
Analysis and interpretation of budget and reporting pianification and control instruments. Focus
on the different costs configurations.
Other Activities: lectures, seminars, team work
86
Assessment: written exam 60 %, oral exam 40 %
Professor: Izzo
Textbooks:
P. Bastia, Il budget d'impresa, CLUEB AA.VV., Programmazione e controllo, Pearson Prentice
Hall, 2011
21
POLITICAL PHILOSOPHY
The course is divided in two parts. The first part will introduce students to the main
contemporary political thought: liberalism, communitarianism, deliberative democracy,
feminism, marxism, and utilitarianism.
The second part of course will focus some recent debates concerning the nature of autonomy,
and responsibility, and explore the concept of liberal neutrality, which plays a key role in the
contemporary political theorizing, especially in the Anglo-American debate.
Assessment: midterm written test: 30%
oral exam: 60%
participation to discussion in class: 10%
Professor: Maffettone
Textbooks:
Required readings
A. Books
1. Will Kymlicka, Contemporary Political Philosophy. An Introduction, Oxford University Press,
London and New York, 2002 (2nd edition).
2. Sebastiano Maffettone, Rawls. An Introduction, Polity Press, London, 2011
B. Journal Articles and excerpts
1. Norman Daniels ‘Equality of What: Welfare, Resources or Capabilities?' Philosophy and
Phenomenological Research Supplement (1990 )
2. Gerald Dworkin, The Theory and Practice of Autonomy, Cambridge University Press,
Cambridge, UK, 1988, chapters 1-2,
3. Alan Patten, “Liberal Neutrality: A reinterpretation and Defense”, Journal of Political
Philosophy (forthcoming - currently available on early view).
Suggested Readings: see references in the class by class section.
22
E1-PCL16-EaB: PRINCIPLES OF CIVIL LAW
The course offers an introduction to the Italian legal system and the other systems belonging to
the so-called “Civil Law Family”, with special regard to private law issues. It aims to allow
students to become familiar with the fundamental categories and principles of the said area of
law in a European perspective, developing at the same time a proper knowledge of legal
terminology, so as to enable participants to cope with an international context.
Assessment:
Professor:
oral exam
Tassone
Textbooks:
1) G. Iudica e P. Zatti, Language and Rules of Italian Private Law: An Introduction, latest ed.,
Cedam.
87
2) J.S. Lena and U. Mattei (eds.), Introduction to Italian Law, Kluwer, 2002.
The chapters required for the exam will be indicated online.
23
E1-PCL21-EaB: PRINCIPLES OF ECONOMICS
Introduction to economics - Comparative advantage
- Supply and demand
Competition and the invisible hand
- Elasticity
- Demand
- Perfectly competitive supply
- Efficiency and exchange
- The invisible hand in action
- Market imperfections (externalities and public goods) - Poverty and income disitribution
- Macroeconomics: data and issues
- Spending, income and GDP
- Inflation and the price level
- Wages and unemployment
-
The economy in the long-run
Economic growth
The economy in the short-run
Short-term economic fluctuations
Assessment:
Professor:
Giordani
Textbooks:
"Principles of Economics" by R. Frank and B. Bernanke. Fourth edition (2009). Mcgraw-Hill.
24
E1-St18-EaB: STATISTICS
Basic ideas in statistics: data collection, presentation, summary statistics and plots. Basic
probability. Statistical models, and proabability based statistical inference: estimation and
testing hypotheses.
Other activities:
Assessment:
Professor:
exercises, Excel program, quizzes
60% Weekly quizzes:
30% final written test
10% individual work executed during the course (e.g.
assignments, paper writing, etc)
Rinott
Textbook:
Sheldon M. Ross, Introductory Statistics (Hardcover), Academic Press, 3rd edition, 2010.
88
25
SOCIOLOGY
Fall semester;64 lectures; 7 hrs per week; 8 credits; elective
The course starts by introducing the fundamental theoretical contributions developed by the
founders of the discipline to understand the great societal challenges and changes introduced by
the process of modernization.
It then moves on to the specificity of sociological knowledge: the key role of empirical research,
with the necessity to develop specific research methods, and the emergence of different
research paradigms.
The course then presents in detail some of the core aspects of society, from a sociological point
of view that combines a review of the main theoretical approaches along with the presentation
of key empirical findings from contemporary research.
Other activities:
Assessment:
Professor:
Class teaching and discussion; presentation
interactive discussion of empirical research.
Written exam
De SIo
Textbook:
Fulcher, J. and Scott, J., Sociology, Oxford, Oxford University Press, 2011.
89
and
▌SUMMARY TABLE OF COURSES
BACHELOR DEGREE COURSES
Key
oe: oral exam
we: written exam
E1-AEPS1a/b/c/d-B
AUDITING, ETHICS AND PROFESSIONAL SKILLS
(Revisione, Capacità Etiche e Professionali)
Mechelli
E1-BA2a/b3/c/d-B
BANKING LAW
(Diritto bancario)
Pellegrini
E1-BA4a/b/c/d-B
(Economia aziendale)
Musaio (A), Fiori (B), Di Lazzaro (C), Tiscini (D)
E2-BL5a/b/c/d-B
BUSINESS LAW
(Diritto commerciale)
Farenga (A), De Angelis (B), Lener (C), Palmieri (D)
E2-BO6a/b/c/d-B
(Organizzazione aziendale)
Casalino, Decastri
E1-CS7a/b/c/d-B
COMPUTER SCIENCE
(Abilità Informatiche)
Olivieri (A), Spagnoletti (B), Italiano (C), Za (D)
90
Year/Sem
Hours
Assessment
Credits
3/S
46 L
oe
6
3/F
72 L
oe
8
1/F
72 L
oe/we
8
2/S
72 L
oe/we
8
3/S
72 L
oe/we
8
1/S
48 L
oe/we
6
Year/Sem
E2-CF8a/b/c/d-B
CORPORATE FINANCE
(Finanza aziendale)
Bozzi, Oriani, Spisni, Cervellati
E3-EGD9-B
ECONOMIC GROWTH AND DEVELOPMENT
(Crescita e sviluppo economico)
Zeira/Battisti
E3-EH10-B
ECONOMIC HISTORY
(Storia economica)
Di Taranto
E3-EP11-B
ECONOMIC POLICY
(Politica economica)
De Santis
E2-EM12a/b/c/d-B
INTERNATIONAL ECONOMICS AND MANAGEMENT
(Economia e Gestione delle Imprese Internazionali)
Caroli, Resciniti
E2-EM13-B
ECONOMICS AND SERVICES OF PUBLIC UTILITY
(Economia e Servizi di Pubblica Utilità)
Mori
E2-EMFI14a/b/c/d-B
ECONOMICS OF MARKETS AND FINANCIAL
INSTITUTIONS
(Economia delle aziende di credito)
Comana
E2-EIT15a/b/c/d-B
ENTREPRENEURSHIP AND INNOVATION TECHNOLOGY
Prencipe
E3-FM16a/b/c//d-B
(Matematica Finanziaria)
Olivieri, De Angelis, Mottura, Foschini
91
Hours
Assessment
Credits
3/F
72 L
oe/we
8
3/S
72 L
oe/we
8
3/S
72 L
oe
8
3/F
60 L
oe
8
2/F
72 L
oe/we
8
2/F
60 L
we
8
2/F
60 L
oe/we
8
3/F
72 L
we
8
2/F
72 L
oe/we
8
E3-HEB19 -B
HISTORY OF ECONOMICs AND BUSINESS
(Storia Economica e d’Impresa)
Di Taranto, Ferrandino, Farese, Strangio/Lepore
E3-HET20 -B
HISTORY OF ECONOMIC THOUGHT
(Storia del Pensiero Economico)
Di Taranto
E3-HROMO22-B
HUMAN
RESOURCES
ORGANIZATION
AND
MANAGEMENT
(Organizzazione e Management delle Risorse Umane)
Gabrielli
E3-HEBO23a/b/c/d-B
(Economia Industriale)
Pozzi, Paniccia, Martoccia
E3-IEF24-B
INTERNATIONAL ECONOMICS
(Economia e finanza internazionale)
Manzocchi
E1-IPL25a/b/c/d-B
ITALIAN PRIVATE LAW
(Diritto privato)
Pardolesi, Conte, Di Ciommo, Di Gravio
E1-IPE26a/b/c/d-B
INSTITUTIONS OF POLITICAL ECONOMY
(Istituzioni di Economia Politica)
Spallone
E1-LL27a/b/c/d-B
LABOR LAW
(Diritto privato)
Sciarra
E2-MEP28a/b/c/d-B
MACROECONOMICS
(Macroeconomia)
Borri, Quintieri, Reichlin, Nisticò
E2-Mar29a/b/c/d-B
MARKETING
(Marketing)
Marcati
92
1/S
72 L
oe
8
3/S
72 L
oe
8
3/F
72 L
oe
8
3/S
72 L
oe/we
8
3/F
72 L
oe/we
8
1/F
72 L
oe
8
1/S
90 L
Oe/we
8
3/F
70 L
Oe/we
8
2/S
72 L
oe/we
8
2/F
72 L
oe/we
8
E1-Mat30a/b/c/d-B
MATHEMATICS
(Matematica)
Cacciafesta (A), Papi-Gozzi (B), Sbraglia (C),
Scarlatti (D)
E3-MCE32-B
MONETARY AND CREDIT ECONOMICS
(Economia e credito dei mercati monetari e)
Di Giorgio
E3-MB33-B
MONEY AND BANKING
Paesani
E1–PE34 -B
PROFESSIONAL ETHIC
(Etica Professionale)
Sangalli
E1–PEL35a/b/c/d-B
PUBLIC ECONOMIC LAW
(Diritto Pubblico dell’Economia)
Montedoro (A), Rossano (B), Sepe (C)
1/F
72 L
oe/we
8
3/F
72 L
oe/we
8
3/F
72 L
oe/we
8
3/Annual
80 L
oe/we
8
oe/we
8
1/S
93
72 L
Elective Courses
Year/Sem
Hours
Assessment
Credits
PERFORMANCE MEASUREMENT AND FINANCIAL
REPORTING
Izzo
3/S
72
oe/we
8
ECONOMICS OF ENERGY BUSINESS
Bollino
3/F
72
oe/we
8
ECONOMICS AND MANAGEMENT OF PUBLIC UTILITIES
Iacovone
3/S
72
we
8
ECONOMICS AND MANAGEMENT OF INNOVATION
3/S
60
oe/we
8
MONETARY AND CREDIT ECONOMICS
Di Giorgio
3/F
72
oe/we
8
Prencipe
3/F
72
oe/we
8
LAW AND ECONOMICS
Pardolesi
3/S
72
we
8
INDUSTRIAL MARKETING
Gregori
3/F
72
oe
8
Devetag
3/S
72
oe/we
8
METHODOLOGIES OF SOCIAL SCIENCES
Infantino
3/F
72
oe
8
HUMAN RESOURCES ORGANIZATION AND
MANAGEMENT
Gabrielli
3/F
72
oe
8
PSYCHOLOGY AND ECONOMICS
Castelfranchi
3/S
72
oe/we
8
AUDITING AND PROFESSIONAL SKILLS
Fortuna
1/S
60
oe
8
HISTORY OF ECONOMIC THOUGHT
Di Taranto
3/S
72
oe
8
STOCK MARKET TECHNIQUES
3/S
72
oe
8
94
Boido
HISTORY OF CORPORATIONS AND OF CORPORATE
ORGANIZATION
Castronovo
3/F
72
oe
8
NB:
Should the description of a given course not be available at the time of publication of
this brochure and therefore not be included herein, it will be published on the
university website in the "cattedre online" section, which students are accordingly
advised to check from time to time.
95
Year/Sem
Hours
Assessment
Credits
E1-Acc1-EaB
ACCOUNTING
Di Donato
1/S
72 L
we/oe
8
E2-ASE2-EaB
Ragusa
2/S
77 L
we/oe
8
E3-BO3-EaB
Dandi
3/S
60 L
we/oe
8
E3-CF4EaB
CORPORATE FINANCE (ADVANCED)
Orlani/Cervellati /Bozzi/Spisni/ Mustilli/Mattarocci
3/F
72 L
we/oe
8
E2-EMF5-EaB
ECONOMICS,
MARKETS
INTERMEDIARIES
2/S
72 L
Not
available
at time of
publication
8
E2-GaStra6-EaB
GAMES AND STRATEGIES
Dall’Aglio
2/S
72 L
we/oe
8
E3-IS7-EaB
INFORMATION SYSTEMS
Me
2/F
48 L
oe
6
E1-IBE8-EaB
INTRODUCTION TO BUSINESS ECONOMICS
Bozzolan
2/F
72 L
we/oe
8
E2-IO&CT9-EaB
IO & COMPETITION THEORY
Boffa
2/F
72 L
we
8
E2-L&E10-EaB
LAW & ECONOMICS
Brescia Morra/Renda
3/F
96 L
we
8
AND
FINANCIAL
Vitale
96
E2-Mac11-EaB
MACROECONOMICS
Vallanti
2/F
72 L
we
8
E2-Mar13-EaB
MARKETING
Marcati
3/S
60 L
we
8
E1-Mat114-EaB
MATHEMATICS
Dall’Aglio
1 Annual
114 L
we/oe
12
E1-Mic15-EaB
MACROECONOMICS
Reichlin
2/S
72 L
we
8
E1-PCL16-EaB
PRINCIPLES OF CIVIL LAW
Tassone
1/F
72 L
oe
8
E1-PCL17-EaB
PRINCIPLES OF ECONOMICS
Giordani
1/F
72 L
we
8
E1-St18-EaB
STATISTICS
Rinott
1/S
72 L
we
8
97
Elective courses
Semester
Hours
Assessment
Credits
Spring
64
we/oe
8
Fall
64
we/oe
8
HISTORY OF POLITICAL THOUGHT (DISTRIBUTIVE
JUSTICE)
Pellegrino
Spring
64
we/oe
8
Devetag
Spring
72
we/oe
8
POLITICAL PHILOSOPHY
Maffettone
Spring
64
we/oe
8
Fall
64
we
8
BEHAVIOURAL ECONOMICS AND PSYCHOLOGY
Egidi/Sillari
CONTEMPORARY HISTORY
Blasberg
SOCIOOGY
De Sio
NB:
Should the description of a given course not be available at the time of publication of this
brochure and therefore not be included herein, it will be published on the university
website in the "cattedre online" section, which students are accordingly advised to check
from time to time.
98
▌PREREQUISITES (PROPEDEUTICITA’)
PREREQUISITES
E1-Acc1a/b/c/d-B
ACCOUNTING
(Contabilità e Bilancio)
E3-BL4-B
BANKING LAW
(Diritto bancario)
and
LABOUR LAW
(Diritto del Lavoro)
ITALIAN PRIVATE LAW
E2-BL6a/b/c/d-B
BUSINESS LAW
(Diritto commerciale)
ITALIAN PRIVATE LAW
E2-CF11a/b/c/d-B
CORPORATE FINANCE
(Finanza aziendale)
ACCOUNTING
MICROECONOMICS
And
MACROECONOMICS
E2-FM16a/b/c/d-B
(Matematica finanziaria)
E3-IE21a/b/c/d-B
(Economia industriale)
CORPORATE FINANCE
(Finanza Aziendale)
INTRODUCTION TO
ECONOMETRICS AND APPLIED
ECONOMICS
(introduzione all’econometria e
all’economia applicata=
And
INTERNATIONAL ECONOMICS AND
FINANCE
(Economia e finanza
internazionale)
ECONOMIC POLITICS
MATHEMATICS
MICROECONOMICS
ACCOUNTING
MACROECONOMICS
POLITICAL ECONOMICS
99
INTRODUCTION TO
ECONOMETRICS AND APPLIED
ECONOMICS
(Introduzione all’econometria e
all’economia applicata)
CORPORATE IT ORGANIZATION
(Organizzazione dei sistemi
informativi aziendali)
STATISTICS
COMPUTER SCIENCE
100
PREREQUISITES
STATISTICS
MACROECONOMICS
MICROECONOMICS
101
▌GENERAL COURSE STRUCTURE
MASTER’S DEGREE COURSES
 Economics and Business Management

Management

Marketing

Business Finance
 Management (in English)

International Management

Corporate Finance

Innovation and Entrepreneurship

Luxury, Fashion and the Creative Industries
 Business Consulting

Professional Consulting

Management Organizational Consulting
 Economics and Finance


Please note that Master’s courses are very advanced and only guest students meeting the
following requirements may enrol in such courses:




a bachelor degree or three years of study completed before departure;
a very good command of Italian language;
the necessary prerequisites;
no time-table clashes because attendance of each course is compulsory.
Credits: from 4 to 8 depending on the course.
102
FIRST YEAR
Common to all majors
 Fall semester
BUSINESS ECONOMICS (ADVANCED)
Economia dell’Impresa (corso progredito)
Credits
12
FINANCIAL MATHEMATICS (ADVANCED)
Matematica Finanziaria (corso progredito)
8
COMPANY LAW
Diritto Societario
8
MANAGEMENT CONTROL
Controllo di Gestione Avanzato
8
 Spring semester
ECONOMICS
AND
INTERNATIONAL
ENTERPRISES
MANAGEMENT
Economia e gestione delle imprese internazionali
BUSINESS STRATEGIES
Strategie di impresa
Credits
8
8
 Spring semester (Business Finance)
Credits
CORPORATE BANKING
6
Finanza Aziendale (avanzato)
6
 Spring semester (Management)
Credits
ADVANCED ORGANIZATION DESIGN
6
Finanza Aziendale (avanzato)
6
 Spring semester (Marketing)
Credits
CONSUMER BEHAVIOUR
Comportamento del Consumatore
6
STATISTICS AND MARKET RESEARCH
Statistica e ricerche di mercato
6
104
OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE…)
Altre attività (tirocini, lingua straniera…)
Credits
4
FINAL EXAM
Prova Finale
20
ELECTIVE COURSE (1 in Italian, 1 in English)
Esame a Scelta (1 in italiano, 1 in inglese)
16
105
SECOND YEAR
Management
 Fall semester
Economia e Gestione dell’Innovazione
ADVANCED BUSINESS MANAGEMENT
Organizzazione Aziendale Avanzato
Credits
8
8
Credits
4
FINAL EXAM
Prova finale
20
ELECTIVE COURSE
Esame a Scelta
8
106
SECOND YEAR
Marketing
 Fall semester
TERRITORIAL MARKETING
Marketing Territoriale
Statistiche e richerche di mercato
Credits
8
8
Credits
4
FINAL EXAM
Prova finale
20
ELECTIVE COURSE
Esame a Scelta
8
107
SECOND YEAR
Business Finance
 Fall semester
ECONOMICS AND CREDIT INSTITUTIONS
Economia delle aziende di credito
Credits
8
Finanza Aziendale Avanzato
8
Credits
4
FINAL EXAM
Prova finale
20
ELECTIVE COURSE
Esame a Scelta
8
108
 Management
FIRST YEAR
General Management (common to all majors)
 Fall semester
MARKETS, REGULATION AND LAW
Credits
6
REPORTING
8
ADVANCED FINANCIAL MATHEMATICS
8
GLOBAL ECONOMIC CHALLENGES
12
 Spring semester
ADVANCED CORPORATE FINANCE
Credits
8
CORPORATE STRATEGIES
8
109
 Spring semester (Corporate Finance)
INTERNATIONAL ACCOUNTING STANDARDS
RISK MANAGEMENT
 Spring semester (Innovation and Entrepreneurship)
INTELLECTUAL PROPERTY RIGHTS
MANAGEMENT OF INNOVATION
 Spring semester (International Management)
GLOBAL ORGANIZATION DESIGN
INTERNATIONAL MARKETING
 Spring semester (Luxory, Fashiona and Creative Industries)
CREATIVE INDUSTRIES AND BUSINESS MODEL INNOVATION
PROJECT-BASED ORGANIZATION: DESIGN AND HRM
Credits
6
6
Credits
6
6
Credits
6
6
Credits
6
6
110
SECOND YEAR
International Business
 Fall semester
INTERNATIONAL TRADE AND COMMERCIAL POLICIES
Credits
8
8
INTERNATIONAL BUSINESS
8
Credits
4
MASTER THESIS
20
OPTIONAL EXAM
8
111
SECOND YEAR
Finance
 Fall semester
ASSET MANAGEMENT
Credits
8
M&A INVESTIMENT BANKING
8
INTERNATIONAL FINANCE
8
Credits
4
MASTER THESIS
20
OPTIONAL EXAM
8
112
SECOND YEAR
Luxury and Fashion
 Fall semester
LUXURY MANAGEMENT
Credits
8
FASHION MANAGEMENT
8
DISTRIBUTION AND SALES
8
Credits
4
MASTER THESIS
20
OPTIONAL EXAM
8
113
SECOND YEAR
Management of innovation
 Fall semester
Credits
8
COMPETITION AND HIGH-TECH MARKETS
8
INTELLECTUAL PROPERTY RIGHTS AND TECHNOLOGY
TRANSFER
8
Credits
4
MASTER THESIS
20
OPTIONAL EXAM
8
114
Business Consulting
FIRST YEAR
Common to all Majors
 Fall semester
CORPORATE AUDITING
Revisione Aziendale
BUSINESS ECONOMICS
Economia Dell’Impresa
COMPANY LAW
Diritto Societario
FINANCIAL MATHEMATICS (ADVANCED COURSE)
Matematica finanziaria c.p.
 Spring semester
ADVANCED MANAGEMENT CONTROLS
Controllo di Gestione avanzato
TECHNICS AND PROFESSIONAL ETHICS
Tecnica e Deontologia Professionale
CORPORATE GOVERNANCE AND INTERNAL AUDITING
TAX LAW (ADVANCED)
Diritto Tributario (Avanzato)
Credits
8
12
8
8
Credits
12
8
8
6
115
SECOND YEAR
Professional Consulting

Fall semester
TAX LAW (ADVANCED)
Diritto Tributario (progredito)
Revisione, Deontologia e Tecnica professionale
Credits
8
8
Credits
4
MASTER THESIS
20
2 OPTIONAL EXAM (1 in English, 1 in Italian)
2 esami a scelta (1 in Inglese, 1 in Italiano)
16
116
SECOND YEAR
Management Consulting
 Fall semester
STRATEGIC CONSULTING
Consulenza Strategica
ANALYSIS AND ASSESSMENT OF BUSINESS STRATEGY AND
THE PUBLIC SECTOR
Analisi e Valutazione delle strategie di impresa e del
settore pubblico
Credits
8
8
Credits
4
MASTER THESIS
20
2 OPTIONAL EXAM (1 in English, 1 in Italian)
2 esami a scelta (1 in Inglese, 1 in Italiano)
16
117
FIRST YEAR
 Fall semester
INTERNATIONAL ACCOUNTING STANDARDS AND IFRS
Principi contabili internazionali e IFRS
MATHEMATICAL METHODS FOR ECONOMICS AND FINANCE
Metodi Matematici per Economia e Finanza
PROBABILITY
Probabilità
 Spring semester
MONETARY THEORY AND POLICY
Teoria e Politica Monetaria
ECONOMICS OF UNCERTAINTY AND INFORMATION
Economia dell’Incertezza e dell’informazione
Credits
8
8
8
Credits
8
8
ECONOMICS OF THE SECURITIES MARKETS
Economia del mercato mobiliare
8
CORPORATE FINANCE ADVANCED
Finanza aziendale avanzato
8
 Annual Course
TIME SERIES AND FINANCIAL ECONOMETRICS
Serie Storiche e Econometria Finanziaria
Credits
12
118
Credits
4
FINAL EXAM
Prova Finale
20
ELECTIVE COURSE
Esame a Scelta
16
119
FIRST YEAR
 Fall semester
MICROECONOMICS ANALYSIS (MOSEC)
Credits
8
MATHEMATICAL METHODS FOR ECONOMICS AND FINANCE
(MOSEC)
8
MACROECONOMIC ANALYSIS
8
 Spring semester
ADVANCED MACROECONOMICS (MOSEC)
Credits
8
THEORY OF FINANCE
6
ADVANCED MICROECONOMICS (MOSEC)
8
 Annual Course
ECONOMETRIC THEORY
Credits
12
120
Credits
4
FINAL EXAM
Prova finale
20
ELECTIVE COURSE
Esame a Scelta
16
121
SECOND YEAR
 Fall semester
TIME SERIES AND FINANCIAL ECONOMICS
Serie storiche ed economia finanziaria
ECONOMICS, MARKETS AND FINANCIAL INTERMEDIARIES
(a.c)
Economia dei Mercati e degli Intermediari Finanziari (c.p.)
OTHER ACTIVITIES (internships, foreign langauge…)
Altre Attività (tirocini, lingua straniera…)
Credits
8
8
Credits
4
ELECTIVE COURSE
Esame a Scelta
16
FINAL EXAM
Prova finale
20
122
SECOND YEAR
 Fall semester
FINANCIAL MARKET LAW AND REGULATION
PERFORMANCE
REPORTING
MEASUREMENT
AND
Credits
8
FINANCIAL
ASSET MANAGEMENT
OTHER ACTIVITIES (internships, foreign langauge…)
Altre Attività (tirocini, lingua straniera…)
8
8
Credits
4
ELECTIVE COURSE
Esame a Scelta
16
FINAL EXAM
Prova finale
20
123
Elective Courses
COURSE
COMPETITION AND
HIGH-TECH MARKETS
DIGITAL MARKETING
LAW OF COMPANY IN
CRISIS
TAX PROCEDURE
ECONOMICS AND
MANAGEMENT OF THE
MEDIA
ECONOMICS AND
MANAGEMENT OF
ENERGY BUSINESS
FINANCE OF
EXTRAORDINARY
OPERATIONS
PLANNING AND
CONTROL
INTERNATIONAL
ACCOUNTING
STANDARDS
REMUNERATION
SYSTEMS AND HR
MANAGEMENT
COMMUNICATION
STRATEGIES AND
ADVERTISEMENT
TECHNIQUES
TOURISM
MANAGEMENT
CORPORATE
VALUATION
HISTORY OF FINANCE
AND FINANCIAL
SYSTEMS
CREDITS
SEMESTER
PROFESSOR
8
Spring
8
8
Fall
Fall
Ibarra Maximo
Di Amato Sergio
8
8
Fall
Fall
Marchetti Fabio
Balestrieri Luca
8
Fall
Mori Simone
8
Spring
8
Fall
Carone Giulio Antonio
8
Fall
Di Lazzaro Fabrizio
8
Fall
Gabrielli Gabriele
8
Fall
Comin Gianluca
8
Fall
Lazzerini Fabio Daniele
8
Fall
Romano Mauro
8
Fall
Di Taranto Giuseppe
Renda Andrea
Pansa Alessandro
The elective courses need to be chosen by a minimum number of students defined by Academic
Institution.
Student may also select the following courses taught in English provided that their contents are
different from those in their study plan as well as any other courses included in other
programmes of the Department (bearing in mind that it will not always be possible to avoid
conflicts between lecture times).
Elective Courses
COURSE
CREDITS
SEMESTER
PROFESSOR
CREDIT SCORING AND
RISK MANAGEMENT
EMERGING MARKETS
EQUITY MARKETS AND
ALTERNATIVE
INVESTMENTS
EXPERIMENTAL AND
BEHAVIOURAL
ECONOMICS
FINANCIAL AND
CREDIT DERIVATIVES
FIXED INCOME, CREDIT
AND COMMODITIES
INTERNATIONAL
FINANCE
INTERNATIONAL
TRADE AND
COMMERCIAL POLICIES
8
Spring
8
8
Fall
Spring
8
Fall
8
Fall
8
Spring
Cocozza Rosa /
Curcio Domenico
Ferri Giovanni
Fasano
Antonio/Massi
Benedetti Saverio
Di Cagno Daniela
Teresa/Ponti
Giovanni
Nucera Federico
Calogero
Cybo-Ottone Alberto
8
Fall
Benigno Pierpaolo
8
Fall
Manzocchi Stefano
The elective courses need to be chosen by a minimum number of students defined by Academic
Institution.
Student may also select the following courses taught in English provided that their contents are
different from those in their study plan as well as any other courses included in other
programmes of the Department (bearing in mind that it will not always be possible to avoid
conflicts between lecture times).
125
Master Courses
Economics and Business Management/Management/Business Consulting
1
E1-ACF1-GM: ADVANCED CORPORATE FINANCE
CAPITAL BUDGETING
1)
Investment decision rules
2)
Fundamentals of capital budgeting
VALUING BONDS AND STOCKS
1)
Valuing bonds
2)
Valuing stocks
RISK AND THE COST OF CAPITAL
1)
Capital markets and the pricing of risk
2)
Portfolio choices
3)
Capital asset pricing model
4)
Alternative models of systematic risk
CAPITAL STRUCTURE AND VALUATION
1)
Capital structure in a perfect market
2)
The effect of debt and taxes
3)
Valuation
MERGERS & ACQUISTIONS
Other Activities:
Assessment:
Professor:
case studies and papers
written test, optional oral exam
Oriani
Textbooks:
Berk J., DeMarzo P., Corporate Finance, Pearson International Education, 2011.
2
ADVANCED MANAGEMENT CONTROL
The course will focus on the analysis of IAS-IFRS, financial and economic performance analysis,
income and financial leverage, value analysis and driver.
Other Activities:
Assessment:
Professor:
written test, optional oral exam
Incollingo/Muserra/Bastia/Di Lazzaro/Musaio
Textbooks:
Prof. Incollingo:
C. Caramiello – F. Di Lazzaro – G. Fiori, Indici di bilancio, Giuffrè;
126
Fabrizio Di Lazzaro, La performance del valore, Giappichelli;
Fabrizio Di Lazzaro, Gianluca Musco, Esercizi svolti di metodologie e determinazioni quantitative
d’azienda, Giappichelli.
Prof. Muserra:
C. Caramiello, F. Di Lazzaro, G. Fiori, Indici di bilancio. Strumenti per l’analisi della gestione
aziendale, Giuffrè, Milano, 2003.
F. Di Lazzaro, La performance del valore, Giappichelli, Torino, 2003.
C. Caramiello, Il rendiconto finanziario, Giuffrè, Milano, 1993.
F. Di Lazzaro, G. Musco, Esercizi svolti di metodologie e determinazioni quantitative d’azienda,
Giappichelli, Torino, 2007.
Other material will be provided during the semester.
Prof. Bastia:
Paolo Bastia, Sistemi di pianificazione e controllo, Il Mulino
Analisi dei costi, CLUEB
Il Budget d’impresa, CLUEB
Prof. Di Lazzaro:
Caramiello, Di Lazzaro, Fiori, Indici di bilancio, Giuffrè
Di Lazzaro, La performance del valore, seconda edizione, Giappichelli
Di Lazzaro Musco, Esercizi svolti di metodologie e determinazioni quantitative d'azienda,
Giappichelli
Prof. Musaio:
C. Caramiello, F. Di Lazzaro, G. Fiori, Indici di bilancio. Strumenti per l’analisi della gestione
aziendale, Giuffrè, Milano, 2003.
F. Di Lazzaro, La performance del valore, Giappichelli, Torino, 2003.
Other materials provided durint the semester.
3
E1-BOHR3-GM: ADVANCED ORGANIZATION DESIGN
The course consists of two specific, although very related, parts: Organization design and the
strategic use of digital architectures These two fields of the organization science will be
explored in their impact on the general process of strategy implementation, and in this
perspective the course will balance aspects related to organization design and digital
architectures. It will focus on specific areas in the field, presenting concepts, recent articles,
and case studies to illuminate current thinking about the organization design and the strategic
use of digital architectures.
Part 1 (Organization Design):
1. Organization and organization theory (recalls)
2. Assessing the organizational effectiveness
3. The external environment
4. Organization design
5. Designing organizational structures
6. Designing jobs and workpractices
7. Designing interorganizational relationships
127
9. Designing organizations for the international environment
8. Designing networked organizations
9. Shaping informal networks
10. Corporate Culture and Values
Part 2 (Complex systems design):
1. Socio-technical systems
2. Theory of complex systems
3. Technology as a strategic tool
4. Mixing strategy structure and technology design
5. Organization design and human resource management
Assessment: 1) written test 50 % (final exam)
2) team work executed during the course (presentations and
group memos) 45 %
3) top five take-aways 5 %
Professor: Giustiniano
Textbook:
Baskerville R., De Marco M. and Spagnoletti P., Designing organizational systems: an
interdisciplinary discourse, Lecture Notes in Information Systems and Organization, vol. 1,
Springer, Heidelberg, 2012 (ebook available at LUISS library)
4
E2-AM2-GM: ASSET MANAGEMENT
International and local regulatory framework
Capital market theory and asset pricing
Security analysis & valuation
Asset management products and fund administration
Risk management practices
Additional topics reflecting the interests of the audience
Assessment:
Professor:
written exam
Micillo
Textbooks:
• Brown & Reilly - Investment Analysis and Portfolio Management - International edition, (2008 -9th edition) (required)
• Litterman et al. - Modern Investment Management: An Equilibrium Approach (2003) (recommended)
• Risk Budgeting, Second Edition: Risk Appetite and Governance in the Wake of Financial Crisis, edited By Leslie Rahl (2012)
5
BUSINESS ORGANIZATION (ADVANCED)
1.
2.
3.
4.
5.
6.
Organization and organizational structure
Strategies, project organizations
Fundamental elements of organizational structure
Enternal environmento
Interorganizational relations
Internal and external network
128
7. Organizational project for international environment
8. MBO system
9. Information technologies
10. Organizational dimensions, life cycle and decline
11. Organizational culture and ethic values
12. Innovation
13. Decision-making processes
14 Power-politics confict.
15. Research and cases methodology.
Assessment:
Professor:
Ferrara/Cicchetti
Textbooks:
Prof. Ferrara:
Grandori A. (1999), “Organizzazione e comportamento economico”, ed. Il Mulino.
Other materials are available at: http://collaborapa.cnipa.it/moodle
Prof. Cicchetti:
Daft, R.L. Organizzazione Aziendale, Apogeo (Chapters 1, 2, 3,4)
Cicchetti, A. 2004. La progettazione organizzativa, Franco Angeli, Milano (chap. 1, 2)
Costa e Giannecchini, Risorse umane, McGraw Hill (Chapters 1, 12 e 13)
6
Basic economics of high tech markets; competition "for" the market and Schumpeterian winnertake-all competition; network externalities and learning effects; two- and multi-sided platforms;
basics of internet architecture and the evolution towards cloud computing; net neutrality, search
neutrality, cloud neutrality; IP protection in cyberspace and the problem of online piracy;
cyberspace and ciybersecurity; the antitrust cases against Microsoft, Intel and Google.
Assessment:
Professor:
take-home written exam; moot court; final oral exam
Renda
Textbooks:
•Competition, neutrality and diversity in the cloud, Communications & Strategies, Vol. 85, Issue
1, pages 20-35, 2012.
•Telecommunications Regulation, Chapter of the New Encyclopaedia of Law and Economics,
Edward Elgar, forthcoming in April 2011
• Law and Policy of Innovation in Europe, forthcoming, Springer Publishers (with Massimiliano
Granieri), expected May 2011.
• Neutrality and Diversity in the Internet Ecosystem, CEPS working paper, presented at the 1st
Asia/Pacific Conference of the International Telecommunications Society in Wellington, New
Zealand,
on
August
27,
2010.
Available
in
draft
format
at
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1680446
• Competition-regulation Interface in Telecommunications. What’s left of the Essential Facilities
Doctrine, Telecommunications Policy, Vol. 34, Issues 1-2, February-March 2010, at 23-35.
• The review of the telecoms framework: a tale of the anti-commons, paper for the first report
of the “Monitoring ICT European Regulation” initiative, NEREC, Madrid, 2009. Available at
http://www.fedea.es/pub/NEREC%20report.pdf.
• Treatment of Exclusionary Abuses under Article 82 of the EC Treaty: Comments on the
European Commission's Guidance Paper, Report of a CEPS Task Force, October 2008, at
129
http://www.ceps.be/book/treatment-exclusionary-abuses-under-article-82-ec-treaty-commentseuropean-commissions-guidance (with John Temple Lang).
• Achilles and the Turtle (Akilles och sköldpaddan), in “Gratis? Om kvalitet, pengar och
skapandets villkor” (ed. Strömbäck, Per), Stockholm: Volante QNB, 2009). (in Swedish language,
on
the
protection
of
copyright
in
cyberspace).
Information
available
at
http://bokengratis.se/utdrag-andrea-renda/.
• I own the pipes, you call the tune? The net neutrality debate and its (ir)relevance for Europe,
CEPS Policy Paper, October 2008. At http://www.ceps.be/ceps/download/1579.
• Business model analysis as a tool for policy evaluation, INFO, 2/2007 (with Martijn Poel and
Pieter Ballon).
• The European Commission’s Case Against Microsoft: Kill Bill? (with Roberto Pardolesi), World
Competition, Vol. 27, Issue 4, December 2004.
More academic papers will be distributed at the beginning of the course to all students and
posted on the course website.
7
COMMUNICATION STRATEGY AND ADVERTISEMENT TECHNIQUES
1) Management and communication: market and consumer evolution; communication in
corporate governance; communication and organization.
2) The areas of corporate communication: institutional communication, marketing
communication; organizational communication, economic and financial communication;
3) brand management: identity, culture and corporate image. Trademark and communication;
4) the communication mix – corporate communication instruments, means and vehicles;
• Media Relations
• Advertising;
• Sponsorship;
• Events;
• Digital Communication;
• Case History ;
• Focus;
• Sustainability and Green Vision;
• Results measuremente;
• Crisis communication
• Social Communication
• Reputation and Consent
5) Plan development;
6) Budget
Assessment:
Professor:
oral exam
Comin
Textbooks:
1. Pastore A., Vernuccio M., “Impresa e comunicazione. Principi e strumenti per il
management”, Seconda edizione, Apogeo, 2008. Chapters 4, 6, 20 excluded.
2. Facoltativo: Autore: Gianluca Comin, Donato Speroni Titolo: 2030. La tempesta perfetta
Editore: RIZZOLI, 2012.
8
E1-CBL4-GM: COMPANY LAW
130
Companies. Reform. Limited liability companies. Joint stock companies: close companies,
companies with a wide shareholder base among the public and companies listed on regulated
markets. Partnerships limited by shares. Cooperative societies. Corporate groups.
Transformations, mergers and demergers.
Assessment:
Professor:
oral exam
Donativi/Di Amato/Chiappetta/Niccolini/Blandini
Textbooks:
Prof. Donativi:
Materials provided during the semester.
- Associazione Preite, Il diritto delle società, a cura di G. Olivieri, G. Presti e F. Vella, Il Mulino,
latest edition
- Capi V, VII, VIII e IX del titolo V del Libro V del Codice Civile, studiati sul manuale: Associazione
Preite, Il diritto delle società, a cura di G. Olivieri, G. Presti e F. Vella, Il Mulino, latest edition
- Capi V, VII, VIII e IX del titolo V del Libro V del Codice Civile, studiati sul manuale: Associazione
Preite, Il diritto delle società, a cura di G. Olivieri, G. Presti e F. Vella, Il Mulino, latest edition.
- The parts of the textbook: [Associazione Disiano Preite, Il diritto delle società (Mulino, 3a ed.,
2009)], which will be pa:
First Part: only chapter II (I tipi di società)
Second Part: (la società per azioni): the entire part.
Third Part (la società a responsabilità limitata): the entire part.
Seventh Part: only chapter XX and chapter XXII – Sezione A (Scioglimento e liquidazione delle
società di capitali)
Prof. Di Amato:
The studen will be able to choose among:
- Associazione Preite, Il diritto delle società, a cura di G. Olivieri, G. Presti e F. Vella, Il Mulino,
latest edition
- G. Presti-M. Rescigno, Corso di diritto commerciale. Società, vol. II, Zanichelli, latest edition
- AA.VV., Diritto delle società. Manuale breve, Giuffré, latest edition
- F. Di Sabato, Diritto delle società, Giuffré, latest edition
F. Galgano, Le società, Zanichelli, latest edition
Prof. Chiappetta:
Francesco Chiappetta: “Diritto del Governo Societario – La corporate governance delle società
quotate” – Terza Edizione, Cedam (in corso di pubblicazione)
Nonché
AA.VV. “Diritto delle Società –Manuale breve”; Giuffrè 2012 limitatamente ai capitoli IV; V (sez.
1; 2) VI; VIII; IX; X; XI.
Prof. Niccolini:
F. Ferrara - F. Corsi, Gli imprenditori e le società, Giuffrè, 2011.
Prof. Blandini:
Di Sabato - Blandini, Diritto delle società, Giuffrè, Milano 2011
Or, as an alternative:
131
AA.VV., Diritto delle società. Manuale breve, Milano, 2011
Associazione Preite, Diritto delle società, Bologna, 2009
Campobasso, Diritto delle società, Torino, 2011
Presti - Rescigno, Corso di diritto commerciale. Società, vol. II, Bologna, 2011.
9
CONSUMER BEHAVIOUR
1) individual aspects of consumer behaviour; 2) microsocial aspects of consumer behaviour ; 3)
macrosocial aspects of consumer behaviour; 4) cases studies and focus on specific aspects
related to consumer behaviour.
Other Activities:
Assessment:
Professor:
lectures, seminars, business games and simulation
50% written exam, 35% team work, 15% participation
Romani
Textbooks:
Evans Martin, Jamal Ahmad and Foxall Gordon, 2009 Consumer behaviour – Second edition –
Wiley. Chapters 1-8 + other compulsory readins will be provided during the semester.
10
CORPORATE EVALUATION
Capital configuration and value standard.
Introduction to evaluation methods for businesses. Levered and Unlevered approach. Discount
rate, determination of capital cost-opportunity.
Direct methods for corporate financial evaluation. The efficient financial markets theory.
Multiple theories. Equity side multiples and entity side multiples. Comparable transaction
multiples.
Indirecti methods for corporate financial evaluation (Discounted Cash Flow Method, Eva,
Unlevered DCF, REI, Dividend Discount Model)
Corporate acquisition value. M&A operations: strategic economic value, sinergies value,
incremental opportunities value. Value representation in the balance sheet and in the
consolidated balance sheet. Accouting principles on Business Combinations.
Other Activities:
Assessment:
Professor:
Lectures and case studies
Romano
Textbooks:
Recommended textbooks:
- G. ZANDA, M. LACCHINI, T. ONESTI, La valutazione delle aziende, Giappichelli, Torino, VI
edizione, 2013.
- Per gli studenti che svolgono il programma il lingua inglese: T. KOLLER, M. GOEDHART, D.
WESSELS, Valuation: Measuring and Managing the Value of Companies, 5a ed., Wiley, New York,
2010.
E’ utile inoltre consultare la “Guida alla valutazione” di Borsa Italiana – 2004, scaricabile
all’indirizzo:
http://www.borsaitaliana.it/chisiamo/ufficiostampa/percorsiguidati/laquotazioneinborsa/guida
allavalutazione_pdf.html
132
Recommended readings:
- A. RAPPAPORT, Strategic Analysis for More Profitable Acquisitions, in Harvard Business Review,
July-August 1979, pp. 99-111.
- S.N. KAPLAN, The Market Pricing of Cash Flow Forecasts: Discounted Cash Flow vs. The Method
of “Comparables”, in Journal of Applied Corporate Finance, n. 4, 1996, pp. 45-60.
- A. DAMODARAN, Dealing with Intangibles: Valuing Brand Names, Flexibility and Patents,
January 2006, scaricabile all’indirizzo: http://pages.stern.nyu.edu/~adamodar/
11
CORPORATE GOVERNANCE AND INTERNAL AUDITING
The course focuses on the definition and functions of corporate governance, history and
evolution od corporate governance systems, on the agency theory and its implications, “tunneling
effect”, corporate governance and public companies , corporate governance and close
companies. The system of internal auditing. First level and second levelc ontrola. Interaction
between internal auditing and corporate governance.
Other Activities:
Assessment:
Professor:
lectures, seminars, business cases and simulation
20% assigments, 80% written and oral exam
Fiori
Textbooks:
Diritto del Governo Societario, la Corporate Governance delle Società quotate” di Francesco
Chiappetta, Cedam
Internal Auditing” di Carolyn Dittmeier, Egea
Corporate Governance, A synthesis of Theory, Research and Practice” by H.Kent Baker, Ronald
Anderson
12
E1-CorStr5-GM: CORPORATE STRATEGIES
This course addresses the topic of strategy at the corporate or group level. It examines the main
issues
involved
in
corporate
strategy,
including:
1. Portfolio composition: what businesses should be brought together within the company? For
each business, how much of the value chain should the company participate in?
2. Portfolio change: how should the company add/divest businesses through
partnerships/acquisitions/internal development?
3. Organization: How should the company be organizationally structured, to leverage synergies
across businesses? What sorts of things can and should the parent do, and how should these tasks
be split between different levels or groups of corporate management?
Other Activities:
Assessment:
Professor:
lectures, seminars, business cases and simulation
1-PAGE CASE ANALYSIS - 1 : 10
1-PAGE CASE ANALYSIS - 2: 10
EXAM : 10
Total Points : 30
Priem
133
Textbooks:
Dess, Lumpkin & Eisner (DLE), Strategic Management: Creating Competitive Advantages (5th
edition – older editions also okay). Plus materials from the instructor.
13
CREATIVE INDUSTRIES AND BUSINESS MODEL INNOVATION
Spring semester; 48 lectures;3 hrs per week; 6 credits
This course will provide the students with:
An analysis of the creative industries and of the operators and activities that directly contribute
to the production of the creative content in terms of:
• Origination, which identifies the creation of cultural and creative ideas and artefacts to embed
in a specific product (e.g., designs, songs, stories, pictures, scripts, games, styles, characters);
• Production, which encompasses all the activities to create commercially viable products (e.g.,
motion picture production, CD recording, TV production);
• Distribution, which allows the diffusion of creative and cultural products in different platforms
and channels (e.g., broadcasting, publishing and sale of books, CDs, games, live event
production);
• Consumption, which represents the final stage of the process, and endows end consumers with
the opportunities to experience cultural and creative products in different ways (e.g., personal
equipment like television sets, radios or computers, in concert halls and theatres)
It will then look at business model theory, value innovation and business ecosystems, in order to
understand how firms in these industries compete and create value. Finally, current and evolving
business models in each of the different creative industries will be analysed, applying a number
of instruments through active case discussion.
Other Activities:
Assessment:
Professor:
lectures, team works, case studies, presentations
Written exam (50%) team work (50%)
Priem
Textbooks:
This course uses academic papers, industry reports and cases, indicated for each class.
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DIGITAL MARKETING
Fall semester; 60 lectures;3 hrs per week; 8 credits; elective
-
The brand management
The determination of value proposition
The marketing mix evolution
The new brand touch points ( digital channels)
The new digital customers
The new social macro trends
Structure of marketing plan
The new promotion
Web site management
Social networks
User generated contents
Search marketing
CRM digital
Mobile/multi screen marketing
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Other Activities:
Assessment:
Professor:
Full interaction, group works, business simulation
Written exam, works in groups, classroom presentation
Ibarra
Textbooks:
- Marketing Management (Kotler)
- Digital Marketing: TBD
- Digital Communication
- Next Digital generation
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E1-DAQM7-GM: DISTRIBUTION AND SALES
Retailing, in particular luxury retailing, has changed significantly over the past few years. A
variety of trends have converged to create a situation in which retail strategies are arguably the
dominant influence on luxury brand development. Nowadays, most of the luxury companies must
be able to professionally manage a mono-brand retail channel if they want to improve sales and
more effectively communicate the brand image. The luxury store is the place where customers
can buy branded products but also live the brand experience. Luxury retail is a specialization
which differs in many ways from general retail management and concerns concepts which
continuously evolve along with luxury customers’ buying behavior. Retail managers have to
implement long-term strategies and at the same time deal with competition issues on a day-today basis. Retail marketing activities are based on strategic plans and detailed operations and
many decisions are taken with regard to merchandising, business analysis, sales processes, sales
force management, in-store communication and a host of other challenging aspects. Distribution
is crucial in the luxury sector and retail marketing competencies are necessary to be successful
in store management. In the last decade, it has become increasingly harder to reach and
influence consumers because they make most of their product purchase decisions in-store. As a
result, retail marketing has emerged as a key element for marketing mix implementation and
brand positioning control. For retail managers the customer experience is becoming a very
important asset to develop.
In line with these developments, the program will enable students to learn how retail elements
support marketing and branding strategies. The course focuses on a broad theoretical framework
as well as the tools which are fundamental to luxury retail management. Participants will
understand the luxury retail landscape and also learn about key retail marketing issues and
instruments. Particular emphasis will be placed on effective retail operations management with
a strategic approach.
Other Activities:
Assessment:
Professor:
lectures, homework, exercises, tests,
reading
• Team work (Word document + PowerPoint
presentation): 40%
• Written test: 40%
• Class participation: 10%
• Attendance: 10%
Amatulli
textbook
Textbooks:
Berman, B. and Evans, J. (2009). Retail Management: A Strategic Approach (international 11th
Ed.). Upper Saddle River, New Jersey: Prentice Hall.
Classes are a combination of lectures based on the recent literature, case studies, exercises, and
presentations by managers from the luxury industry invited as guest speakers.
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Potential guest speakers may come from the following companies: Boston Consulting Group
(consulting company), Malo (luxury clothing), Santandrea (luxury real estate), Sergio Rossi
(luxury fashion accessories), Zagliani S.p.A. (luxury fashion accessories company).
16
E3-EM13–B: ECONOMICS AND MANAGEMENT OF ENERGY BUSINESS
sources. It will analyze how energy markets characteristics affect economic efficiency goals, will
discuss approaches to evaluating the welfare effects and policies that can be used to address
market failures, including taxation, price regulation and deregulation, energy efficiency, and
control of emissions.
Assessment:
Professor:
Final written test and a group project during the course
Mori
Textbooks:
There is no assigned textbook for the course. Lectures will be supported by presentations to be
handed out before each class. Texts of relevance to the course include:
- Varian H R, Intermediate Microeconomics: A Modern Approach, Fifth Edition, W. W. Norton,
New York, 1999
- Kirschen D, Strbac G, Fundamentals of Power System Economics, John Wiley & Sons, 2004
- Stiglitz J E, Economics of the Public Sector , W.W.Norton, (Re-printed 1988, 2000)
- Stoft S, Power System Economics: Designing Markets for Electricity, Wiley, 2002
- Pearce D W, Turner R K, Economics of Natural Resources and the Environment, Johns Hopkins
Univ Pr (December 1989)
Further reading material will be indicated during the course.
17
E1-EMInn8-GM: ECONOMICS AND MANAGEMENT OF INNOVATION
The course will cover the following topics:
Definition of knowledge
Technological paradigm and innovation system
Types of innovation
Technological Standard
Innovation and organizational change
Markets for technology
Open innovation
Network Innovation
Knowledge integration
Openness: advantage – disadvantage
Opening Innovation to new actors
Innovation strategy
Exploration & Exploitation
Innovative organization
Innovation & teams
Globalization: Innovation in the R&D subsidiaries
New trends in Innovation: Social innovation
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Other Activities:
Assessment:
Professor:
lectures, homework, exercises, tests, textbook reading
Written Test, team work
Rullani
Textbooks:
Mark Dodgson, David M. Gann, Ammon Salter (2008), The Management of Technological
Innovation: Strategy and Practice, Oxford University Press.
18
ECONOMICS AND MANAGEMENT OF THE MEDIA
1. Analysis of business model in the audiovisual sector. 2. Innovation and globalization in the
audiovisual industry. 3. Convergence between television and the internet. 4. Focus on Italian
audiovisual industry: 2007-2013- The strategies of the main groups.
Other Activities:
Assessment:
Professor:
Oral exam
Balestrieri
Textbooks:
Materials will be provided during the semester.
Non-compulsory textbook: Giancarlo Leone e Giovanni Scatassa, Economia e gestione dei Media,
protagonisti e tendenze tra rivoluzione digitale, crisi globale e nuovi modelli di consumo. 2009,
Luiss University Press.
19
FINANCE OF EXTRAORDINARY OPERATIONS
Finance of extraordinary operations: contents and objectives. Financial Markets structure.
Corporate Valuation. Corporate structure. Corporate Governance. Capital Markets operations.
Private Equity and Venture Capital; Leverege Buy-Out, Management Buy-Out, M&A
Reconstruction and Crisis, Financial Crisis and crisis management policies.
Other Activities:
Assessment:
Professor:
lectures and case studies
Oral exam
Pansa
Textbooks:
Monti E., Onado M., Il mercato monetario e finanziario in Italia, 2005, Il Mulino.
Bruner R. F., University Edition, Applied Mergers & Acquisitions, 2004, Wiley Finance.
Forestieri G., IV Edizione, Corporate e Investment Banking, 2007, Egea.
Dallocchio M., A. Salvi, II Edizione, Finanza d’Azienda, Egea.
Reinier R. Kraakman, P. Davies, H. Hansmann, G. Hertig, K. J. Hopt, H. Kanda, E. B. Rock,
Diritto Societario Comparato, 2008, Il Mulino.
Bianchi M, Bianco M., Giacomelli S., Pacces A., Trento S., Proprietà e controllo delle imprese in
Italia, 2005, Il Mulino.
Roe M. J., Manager forti, azionisti deboli, 1998, parte I, parte II, ed Il Sole 24 Ore
Forestieri G., IV Edizione, Corporate e Investment Banking, 2007, Egea.7.
Onado M., I nodi al pettine, 2009, ed. La Terza
Di Noia C., Micossi S., Keep it Simple: Policy Responses to the Financial Crisis, 2009, Centre for
European Policy Studies.
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20
E2-FM9-GM: FASHION MANAGEMENT
Fashion and Luxury successful brands stand for many different things in the minds of customers
and they all succeed in generating consumer interest, advocacy, even passion and, above all,
value for the companies.
This course focuses on strategic and creative management of Brand, Retail, Customer
Experience: 3 related essential and strategic tools in the luxury/fashion business.
BRAND
Brand as the most tangible of intangible assets: in the Luxury/Fashion Business they share
between 30 to 80% of the total Company value. Where is the value? Which are the main
contributing factors in the Brand valuation? How to maintain and increase the value of this
fundamental asset? Brand values as the Company commandments. The Brand Identity Model.
RETAIL
Retail strategy: different options for different objectives. An overview of different retail models
in the luxury/Fashion market. Retail Management, Retailing indices. Retail as a communication
tool. Retail innovation.
CUSTOMER EXPERIENCE
Customer Experience Management (beyond customer satisfaction): From Traditional Marketing to
Experiential Marketing,
Emotion as main human behavioral driver. Measuring the Customer Experience: the Customer
Experience Audit (providing outdoor training and activities). Building the Customer Experience in
all the touch-points Brand/Customer. How to build and manage it related to Fashion Companies,
Maintain and enhance the Customer Experience through Benchmarking the Customer Experience
with the “Out of the Box approach” to maintain an always innovative and surprising Customer
Experience.
THE FASHION MARKET
The Fashion Pipeline
Fashion seasons and turnover
Trends: how trends start
Style: creativity and inspiration as fundamental elements in the fashion business
Fashion Companies Organization and functions: who does what in a fashion company.
Communication: from the product oriented to the lifestyle oriented communication in the
Fashion/Luxury industry
Consumer Behavior: why people buy things they don’t need?
Sustainability and CSR in the Fashion business
Assessment:
Professor:
participation, presentations, written exam
Fei
Textbooks:
MANDATORY BOOK
Stefania Saviolo Erica Corbellini, Managing Fashion and Luxury Companies, ETAS ©2009
Other Suggested Books (if you really loved the matter here’s a way to deepen it):
Bernd Schmitt, Customer Experience Management, New York Free Press ©2003
Mark Tungate, Fashion Brands: branding style from Armani to Zara, KOGAN PAGE © 2005-2008
Tony Hines Margaret Bruce, Fashion Marketing, ELSEVIER LTD © 2007
G. Zaltman, How Customers Think: Essential Insights into the Mind of the Market, Harvard
Business Press ©2003
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Shaun Smith, Managing The Customer Experience, Turning customers into advocates, FT Prentice
Hall ©2002
21
E1-GEC10-GM: GLOBAL ECONOMIC CHALLENGES
Topics in open economy macroeconomics. Presentation of theoretical models and analysis of
empirical data. Discussion of case studies, like global imbalances, sovereign debt crises,
globalization of the world economy, emerging markets, and environmental issues.
Other Activities:
Assessment:
Professor:
Written exam
Di Vaio
Textbooks:
The course will be based on class presentations and materials that can be found in one of the
following textbooks: 1) Krugman P.R., Obstfeld M., and Melitz M.J., International Economics:
Theory & Policy, Addison-Wesley, 2012; 2) Feenstra R.C. and Taylor A., International
Macroeconomics, Worth Publishers, 2012.
15
HISTORY OF FINANCE AND FINANCIAL SYSTEMS
From economic systems to systemic globalization. The process of financiarization of economy.
The new income distribution. History and eovolution of the Eurosystem. From interventism to
free market. Genesys and objectives of social and economic cohesion. Asymmetries and
rigidities. The new international division of production and work. The role of sovereing funds.
Washington Consensus and Keynesian Consensus.
Other Activities:
Assessment:
Professor:
lectures
oral exam
Di Taranto
Textbooks:
AA.VV., Lezioni dalla crisi, Luiss University Press, Roma, 2012
Giuseppe Guarino, Eurosistema . Analisi e prospettive, Giuffrè editore, Milano 2006
P. Savona, Il ritorno dello Stato padrone. I fondi sovrani e il grande negoziato globale
Rubbettino, 2009
22
INTERNATIONAL ACCOUTING STANDARDS
The course examines the International Accounting Standards IAS-IFRS issued by the IASB and
endorsed by the European Union, as a set of unified principles and the most significant single
accounting principles
Assessment:
Professor:
Written exam
Pinto
139
Textbooks:
Abbas A. Mirza, Graham Holt, Liesel Knorr, “IFRS: Practical Implementation Guide and
Workbook”, Wiley, IV edition.
Please note: all the references to the text book have to be checked and updated according to
the forthcoming fourth edition of the book.
23
INTERNATIONAL ACCOUTING STANDARDS
The course examines the International Accounting Standards IAS-IFRS issued by the IASB and
endorsed by the European Union, as a set of unified principles and the most significant single
accounting principles
Assessment:
Professor:
Written exam
Di Lazzaro
Textbooks:
Pricewaterhousecoopers, Principi contabili internazionali. Interpretazioni e confronti con i
principi contabili nazionali, Ipsoa 2011
Principi contabili internazionali emanati dallo IASB ed omologati dall'UE.
Documenti OIC, Slides provided by the professor.
24
E2-IPRTT11-GM: INTELLECTUAL PROPERTY RIGHTS AND TECHNOLOGY TRANSFER
The course deals with intellectual property rights (particularly patents) as legal tools as well as
leverages managers have over intangible resources of the firm. How companies are able to gain
and retain a competitive advantage through the management of R&D’s results is explained. An
economic explanation for the existence of intellectual property rights and an overview of types
are also provided. Furthermore, the course will focus on quasi-vertical inter-firm arrangements
for the use of intellectual property rights, such as licensing and cross-licensing and other forms
of exploitation.
Professor:
Assessment:
Granieri
written exam
Textbooks:
Massimiliano Granieri, Intellectual Property for Managers, forthcoming 2012 (with Amazon, also
available for iPad and other e-readers)
Further readings on specific topics will be provided.
18
E2-IB12-GM: INTERNATIONAL BUSINESS
The basic content of the course includes (1) an overview of the means of conducting
international business, with an emphasis on what makes international different from domestic;
(2) the effects of the social systems within countries on the conduct of international business;
(3) the major theories explaining international business transactions and the institutions
influencing those activities; (4) the financial exchange systems and institutions that measure and
facilitate international transactions; (5) the dynamic interface between countries and companies
140
attempting to conduct foreign business activities; (6) corporate strategy alternatives for global
operations; and (7) international activities that fall largely within functional disciplines.
Professor:
De Angelis
Assessment: 40% final exam
30% team project work
10% individual assignments (2 individual case analyses)
10% team assignment (1 team case analysis)
10% participation
Textbooks:
International Business: Competing in the Global Marketplace, 9th edition (GLOBAL), by Charles
W.L. Hill, McGraw Hill, 2012.
Harvard Business School Publishing coursepacket (containing the 10 case studies listed in the
syllabus), which can be purchased by students by accessing the following link:
https://cb.hbsp.harvard.edu/cbmp/access/20239154.
Slides will be published on the website.
Other course materials will be published on the website or distributed in class.
25
E2-IF13-GM: INTERNATIONAL FINANCE
Program
Currency Markets:
The Spot Market
(S): Chapter 3
·Bank for International Settlements (2007), Triennial Central Bank Survey of Foreign Exchange
and Derivatives Market Activity.
·Galati, G. and M. Melvin (2004), “Why has FX trading surged? Explaining the 2004 triennial
survey” BIS Quarterly Review, December 2004.
·Federal Reserve Bank of New York (2010), Triennial Central Bank Survey of Foreign Exchange
The Forward Market
Law of one Price, Covered Interest Rate Parity
(S): Chapter 4
Arbitrage, Hedging and Speculation
(S): Chapter 5
·Galati, G., Heath, A., McGuire, P. (2007), “Evidence of Carry Trade,” BIS Quarterly Review,
September 2007.
Currency Futures
Futures versus Forward contracts. Hedging
(S): Chapter 6
Currency Swaps
(S): Chapter 7
Currency Options
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(S): Chapter 8.
Hedging and Valuation
(S): Chapter 9.
Exchange Rate Risk
(S): Chapter 10.
(S): Chapter 11.
Long-Term International Funding
(S): Chapter 19.
(S): Chapter 21.
Country Risk
Class Notes.
Assessment:
Professor:
written exam
Benigno
Textbooks:
Sercu, Piet (2008) International Finance: Theory into Practice, Princeton University Press. (S)
There is a course’s web page available at http://docenti.luiss.it/benigno/ which contains
updated information on the syllabus and course’s materials.
26
E2-ITCP15-GM: INTERNATIONAL TRADE AND COMMERCIAL POLICIES
The focus will be on the role of technology, factor endowments, economies of scale, demand
and transport costs in explaining the patterns of trade and multinational activity. Another key
issue will be that of the consequences of MNEs for wages, employment, and productivity. Some
of the questions that will be addressed are:
- Why do countries trade? And why do MNEs arise?
- Who gains and who loses from MNEs and FDI?
- What determines the actual behavior of contemporary MNEs?
After sketching the main recent theories of the multinational firm, some empirical evidence and
some case studies will be surveyed.
Students will actively participate in presenting and comparing specific experiences of
multinational activity.
Assessment:
Professor:
written and/or oral test
Manzocchi
Textbooks:
Main Course References:
Frederick Guy, The global environment of business, Oxford U.P (2009).
142
Giorgio Barba Navaretti and Anthony J. Venables, Multinational Firms in the World Economy,
Princeton University Press (2004).
27
E2-LM16-GM: LUXURY MANAGEMENT
The course will give a general overview of the marketing theory applied to the luxury industry.
The introductory part is dedicated to the definition of luxury, the key players of the industry and
their brands portfolio. The course also focus the attention on the importance of the brand
identity, the difference in the purchasing behavior. The central part is analyses the marketing
variables applied to the luxury with an extensive review of communication, CRM, pricing and
budgeting. A relevant part is also dedicated to the importance of retailing in the luxury strategy
and a specific project work on this matter will end the course.
Assessment:
Professor:
1. Class participation (5%) – 1,5 points
2. Course Projects (25%) – 7,5 points
1. Final exam (70%) – 21 points
Festa
Textbooks:
1. Luxury Brand Management: A World of Privilege , Michel Chevalier, Gerald Mazzalovo
2. The Luxury Strategy , J.N. Kapferer and V. Bastien.
28
Economics of regulation; property rights, liability rules, commons and anticommons; elements of
liberalization and market regulation; cost-benefit analysis and the RIA system; ther smart
regulation agenda in the EU: towards fitness checks and ex post evaluations
Assessment:
Professor:
Takehome, moot court, oral exam
Renda
Textbooks:
Renda, A. (2012) Law and economics in the RIA World, Intersentia 2012 (to be distributed to the
students in pdf)
More papers will be distributed by the teacher to the students at the outset of the course.
29
E2-M&AIB17-GM: M&A AND INVESTMENT BANKING
The course will then discuss the key Investment Banking services (M&A, ECM, DCM etc) with
detailed case studies for each product.
Assessment:
Professor:
written exam, case-article analysis, quizzes
De Vecchi
Textbooks:
Reference material will be given by teacher at the beginning of the course.
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30E1-MM18-GM: INTERNATIONAL MARKETING
Introduction to international marketing; Analysis of the international marketing environment;
Segmenting international markets; Developing international marketing strategies; Entry
strategies; Developing and managing the marketing mix in international markets
Assessment: Prof. Marcat: Participation and presentation + final exam
Prof. Costabile: 30% team work, 70% written exam
P
Professor: Marcati/Costabile
Textbook:
Prof. Marcati:
Czinkota M.R., Ronkainen I.A., “International Marketing”, Harcourt College Publisher. Selected
readings
Prof. Costabile:
I. Alon, E. Jaffe and D. Vianelli, Global Marketing. Contemporary Theory, Practice and Cases,
McGraw Hill. 2012.
Readings and HBR Cases
31
LAW OF COMPANY IN CRISIS
Discipline of judiciary and non judiciary procedures for companies in crisis, which are functional
to reorganization or liquidation of the corporations.
Assessment: Oral exam. Seminars will be held during the semester
P
Professor: Di Amato
Textbook:
Lino Guglielmucci, Diritto fallimentare, Giappichelli, Quinta edizione; 2012 - pp. 1-402.
32
PLANNING AND CONTROL
Fundamental aspects of management planning and control activities: methodologies, processes,
roles and responsibilities, links to strategy, organization and corporate decision making process.
Definition and evaluation of economic performance and of Company value creation. Enel
Business Cases will be presented in order to make clearer the link with the business
environment.
Other Activities: theoretical, pratical and interactive lessons, individual and
group exercices , team works business games, cases
studies, presentations and assignments.
Assessment: Written exam (100%)
Professor: Carone
Textbooks:
Ray H. Garrison, Eric W. Noreen, Peter C. Brewer “Managerial accounting”, Mc Graw Hill Editor
144
(14th edition).
33
E1-PMFR19-GM: PERFORMANCE MEASUREMENT AND FINANCIAL REPORTING
The course focuses on the theoretical and practical processes of designing, implementing, and
using financial statement and performance measurement systems.
It will analyze the main concepts of financial statement according to IAS/IFRS framework:
balance sheet, income statement, statement of comprehensive income, statement of changes in
equity; statement of cash flows.
In addition to that, the course goes beyond financial and not financial measures introducing
students to a series of practical tools and techniques that can be used to identify, analyze,
manage, and implement a performance measurement system.
The main themes include:
• Measuring performance: theoretical foundations and main perspectives;
• The performance measurement tools;
• Financial versus non financial indicators;
• How to use the measures in order to manage and improve performance: accounting, and
organizational perspectives;
• Performance as a mechanism for motivation and control.
Other Activities:
Assessment:
Professor:
written exam
Izzo
Textbooks:
- Slides
- Selected academic accounting papers
- Case studies
- Tim Koller, Richard Dobbs, Bill Huyett, Value: The Four Cornerstones of Corporate Finance,
McKinsey & Company Inc., 2010
34
PROJECT-BASED ORGANIZATION: DESIGN AND HUMAN RESOURCE MANAGEMENT
Projectification on the way
Project-based organizations
Human resource management in context
Reframing HRM: the HR Quadriad
Line Managers in the HR Quadriad
Project Managers and HRM
Project workers and project-based Work
HR specialists in project-based organizations
Comparisons and Contrasts: Project based organizations and creative industries, Creative
industries, project-based organizations, and small worlds.
Assessment: – written test 50 % (final exam) – oral exam 50 %
(replaceable with team work and 5 take-aways);
in details:
– individual work executed during the course (take-aways)
5%, team work (executed during the course) 45 %
145
Professor:
Giustiniano
Textbook:
Soderlund, J., Bredin, Karln. 2011. Human Resource Management in Project-based organizations.
Palgrave MacMillan.
Suggested reading:
Cattani, G., Ferriani, S. Frederiksen, L., Täube, F. 2011. Project-Based Organizing and Strategic
Management: A Long-Term Research Agenda on Temporary Organizational Forms. Emerald Group
Publishing Limited.
35
REMUNERATION SYSTEM AND HUMAN RESOURCES MANAGEMENT
Motivational theories: the Total Award approach and the non-monetary benefits. Evaluate,
differenciate and value people: the tools. Remuneration: an overview of the remuneration
policies. The components of the compensation package. Remuneration structure and dynamics.
“Fixed remuneration” management. Variable remuneration: criteria of classification and
instruments. Incentives by objectives and Management by Objectives. Executive pay and midterm/long term incentivation schemes: variables and types. Economic and financial
shareholding.
Assessment: Oral exam (70%),team work (30%)
Professor: Gabrielli
Textbook:
Gabrielli G. (2010), People management. Teorie e pratiche per una gestione sostenibile delle
persone, FrancoAngeli, Milano.
36
TOURISM MANAGEMENT
Concepts and Trends in Tourism Management; Issues in Accommodation and Tourist Service
Management; Issues in Destination Management.
Assessment: Oral exam (50%), oral exam (50%)
Professor: Lazzerini
Textbook:
Will be used the material distributed in class, PPT presentation, supplemented by publications,
studies and research on the tourism sector at national and international level.
For the scope, international market researches, international organizations data (WTO, IATA,
etc) and concrete corporate business cases will be used with many examples and testimonials
taken from the key players of the market both on the private and public business side.
The students will also be involved the preparation and discussion of business cases Assessment
Method.
146
Master Courses
Economics and Finance (in English)
1
ADVANCED MACROECONOMICS (MOSEC)
The course has 6 chapters:
1. Economic Growth: Facts and Puzzles.
2. Economic Growth: Endogenous Growth.
3. Economic Growth: Convergence and Divergence.
4. Business Cycles.
5. The Open Economy.
6. Money and Inflation.
Other Activities:
Assessment:
Professor:
lectures, problem sets
final exam (50%), midterm exam (25%), and grades of
three best problem sets (25%).
Zeira
Textbooks:
• Brown & Reilly – Investment Analysis and Portfolio Management – International edition, (2008 9th edition) (required)
• Litterman et al. – Modern Investment Management: An Equilibrium Approach (2003)
(recommended)
• Risk Budgeting, Second Edition: Risk Appetite and Governance in the Wake of Financial Crisis,
edited By Leslie Rahl (2012).
2
ADVANCED MICROECONOMICS (MOSEC)
•
•
•
•
•
•
•
•
Marlet failures: externalities and public goods
Social choice and voting
Moral hazard and adverse selection
Signalling and screening
Principal-agent theory
(Behavioral) contract theory
Mechanism design and auctions
Implementaton theory
Other Activities:
Assessment:
Professor:
lectures, individual exercises
Written test: 80-100 + Oral exam (optional) 0-20%
Ponti
147
Textbooks:
- Mas Colell, Andreu, Michael D. Whinston, and Jerry. R. Green (MWG), Microeconomic Theory,
Oxford University Press, 1995.
- Kreps, David (KRE), A Course in Microeconomic Theory, Princeton University Press, 1990.
- Jean Tirole (TIR), The Theory of Industrial Organization. The MIT Press 1988.
- J-J Laffont (LAF), The Economics of Uncerteinty and Information, MIT Press 1993.
- Bolton, Patrick and Mathias Dewatripont (B&D), Contract Theory, The MIT Press 2005.
- Martin Osborne and Ariel Rubinstein (O&R), Bargaining and Markets, Academic Press 1990.
-
Paul Milgrom (MIL), Putting Auction Theory to Work, Cambridge University Press, 2004.
Klemperer, P. (KLE), Auctions: Theory and Practice, Princeton University Press, 2004.
Salanier B. (2005). The Economics of Contracts, Cambridge MA, The MIT Press.
Krishna V. (2002). Auction Theory, Cambridge MA, The Academic Press.
3
ASSET MANAGEMENT
•
•
•
•
•
•
International and local regulatory framework
Capital markets theory and asset pricing
Security analysis & valuation
Asset management products and fund administration
Risk management practices
Additional topics reflecting the interests of the audience
Other Activities:
Assessment:
Professor:
lectures, team works, case studies, seminars
Oral exam
Micillo
Textbooks:
• Brown & Reilly – Investment Analysis and Portfolio Management – International edition, (2008 9th edition) (required)
• Litterman et al. – Modern Investment Management: An Equilibrium Approach (2003)
(recommended)
• Risk Budgeting, Second Edition: Risk Appetite and Governance in the Wake of Financial Crisis,
edited By Leslie Rahl (2012).
4
CREDIT SCORING AND RISK MANAGEMENT
Financial intermediation: risk management approach. Taxonomy of risks in financial institutions.
Main risk specification: market risk, interest rate risk, liquidity risk, foreign exchange risk,
sovereign risk, operational risk. Hedging instruments: futures, options and swaps.
Other Activities: lectures, team works, case studies, seminars
Assessment: written test 100%
individual work executed during the course (e.g.
assignments, paper writing, etc) 15% if any
- team work executed during the course) 10% if any
The additional results due to work executed during course
will proprtionally reduce the relevance of written test.
Professor: Cocozza/Curcio
148
Textbooks:
F. Allen and A.M. Santomero, The theory of financial intermediation, The Journal of Banking &
Finance 21 (1998), pp. 1461-1485.
K. Dowd and D. Blake, After VaR: the theory, estimation, and insurance applications of quantile
based risk measures, The Journal of Risk and Insurance 73 (2006), pp. 193-229.
J.C. Hull, Fundamentals of Futures and Options Markets, Pearson, 2010.
A. Saunders and M. Millon Cornett, Financial Institutions Management: A Risk Management
Approach, McGraw-Hill International Edition, 2011.
A. Resti, A. Sironi, Risk Management and Shareholders’ Value in Banking: From Risk Measurement
Models to Capital Allocation Policies, John Wiley & Sons Ltd, 2007.
G. Löffler, P.N. Posch, Credit Risk Modelling Using Excel and VBA, John Wiley & Sons Ltd, 2011.
5
ECONOMETRIC THEORY
Annual; 144 lectures; 7 hrs per week; 12 credits
Some of the topics covered are: Statistic foundations, Single equation linear model and OLS
Estimation. Asymptotic properties of OLS estimators. Testing (Likelihood-type, Wald, Lagrange).
Measurement Error. Omitted variables. Instrumental variables estimation of single equation
linear model. Panel Data. Generalized Method of Moments. Time Series modeling. Vector
Autoregression.
Other Activities:
Assessment:
Professor:
lectures and practical sessions
Midterm and final exam
Giannone/Ragusa/Rinott
Textbooks:
Hansen, Bruce. Econometrics. (Freely downloadable from author website).
Wooldridge, Jeffrey. Econometric Analysis of Cross Section and Panel Data. The MIT press.
Other readings will be assigned as needed.
6
EMERGING MARKETS
Fall semester; 60 lectures;3 hrs per week; 8 credits; elective
The course studies the main features and the typical problems related to growth of the emerging
countries and to the working of financial systems in evolution, in the context of increasing
international trade and capital flows. The course is subdivided in three parts:
1) Emerging economies: definition, overview of the recent performance, typical problems;
anatomy of financial crises and comparison to the subprime crisis; long term global prospects of
the BRICs; financial and currency crisis, public debt and external debt; aid vs. terms of trade;
microcredit.
2) Economic growth, with particular focus on the role of institutions, of the legal system and of
the financial system: revisiting the neoclassic model; models of endogenous growth; “growth
accounting and growth regressions”; institutions and growth; “law, finance and growth”.
3) Analysis of the individual emerging countries: China, Russia, Brazil, Economies of Central-East
Europe, etc.
Other Activities:
Assessment:
Professor:
lectures and seminars
Written exam
Ferri
149
Textbooks:
V. Dapice, G. Ferri: Financial Instability. Toolkit for Interpreting Boom and Bust Cycles,
Palgrave/McMillan 2010.
P. Aghion - P. Howitt: The Economics of Growth, The MIT Press, 2009.
Additional materials will be distributed in class.
7
EQUITY MARKETS AND ALTERNATIVE INVESTMENTS
Spring; 60 lectures; 3 hrs per week; 8 credits; elective
Portfolio optimization: theory and practice. CAPM models with applications. Risk adjusted
performance measures. Derivative instruments. Introduction to alternative investments: markets
and strategies. Asset management for hedge funds, real estate and private equity. Please visit
http://docenti.luiss.it/fasano for more.
Other Activities:
Assessment:
Professor:
lectures and case studies
Assessment on a Bloomberg case
Fasano/Benedetti
Textbooks:
Elton, Gruber, Brown, Goetzmann - Modern Portfolio Theory and Investment Analysis - Wiley
(2010)
F. J. Fabozzi - The Theory and Practice of investment management - Wiley (2011)
J.C. Hull - Options, Futures and Other Derivatives - Prentice Hall (2012)
F.S. Lhabitant - Handbook of hedge funds - The Wiley Finance Series (2007)
8
EXPERIMENTAL AND BEHAVIOURAL EECONOMICS
Fall; 60 lectures; 3 hrs per week; 8 credits; elective
Laboratory experiments as a source of data in economics and as a methodology to apply
economic concepts in a real, decision-making and strategic environment. The impact of
experimental economics on various economical environments.
Other Activities: lectures and practical classes
Assessment: Class participation (15%)
Student Presentation (35%)
Final Research Paper on the
experimental project (50%)
Professor: Di Cagno/Ponti
design
of
a
specific
Textbooks:
Bardsley, N., Cubitt, R., Loomes, G., Moffat, P., Starmer C. and Sugden, R. (2009), Experimental
Economics: Rethinking the Rules, Princeton University Press.
Holt c. A. (2007), Markets, games and strategic behavior, Pearson Addison Wesley
9
Currency Markets:
150
The Spot Market
(S): Chapter 3
·Bank for International Settlements (2007), Triennial Central Bank Survey of Foreign Exchange
·Galati, G. and M. Melvin (2004), “Why has FX trading surged? Explaining the 2004 triennial
survey” BIS Quarterly Review, December 2004.
·Federal Reserve Bank of New York (2010), Triennial Central Bank Survey of Foreign Exchange
The Forward Market
Law of one Price, Covered Interest Rate Parity
(S): Chapter 4
(S): Chapter 5
·Galati, G., Heath, A., McGuire, P. (2007), “Evidence of Carry Trade,” BIS Quarterly Review,
September 2007.
Currency Futures
Futures versus Forward contracts. Hedging
(S): Chapter 6
Currency Swaps
(S): Chapter 7
Currency Options
(S): Chapter 8.
Hedging and Valuation
(S): Chapter 9.
Exchange Rate Risk
(S): Chapter 10.
(S): Chapter 11.
Long-Term International Funding
(S): Chapter 19.
(S): Chapter 21.
Country Risk
Other Activities: lectures
Assessment: Written exam
Professor: Benigno
Textbooks:
Sercu, Piet (2008) International Finance: Theory into Practice, Princeton University Press. (S)
There is a course’s web page available at http://docenti.luiss.it/benigno/ which contains
updated information on the syllabus and course’s materials.
10
Fall; 60 lectures; 3 hrs per week; 8 credits
The focus will be on the role of technology, factor endowments, economies of scale, demand
and transport costs in explaining the patterns of trade and multinational activity. Another key
issue will be that of the consequences of MNEs for wages, employment, and productivity. Some
of the questions that will be addressed are:
- Why do countries trade? And why do MNEs arise?
- Who gains and who loses from MNEs and FDI?
- What determines the actual behavior of contemporary MNEs?
151
After sketching the main recent theories of the multinational firm, some empirical evidence and
some case studies will be surveyed.
Students will actively participate in presenting and comparing specific experiences of
multinational activity.
Other Activities: Lectures, presentations by professionals, team work by the
students
Assessment: Team presentations by students, written and/or oral exam
Professor: Manzocchi
Textbooks:
Frederick Guy, The global environment of business, Oxford U.P (2009).
Giorgio Barba Navaretti and Anthony J. Venables, Multinational Firms in the World Economy,
Princeton University Press (2004).
11
FINANCIAL AND CREDIT DERIVATIVES
1)Introduction and review
2)The Black-Scholes-Merton model
3)A look at different types of options
4)Greek letters and volatility smiles
5)Value at Risk
6)Credit risk and credit derivatives
Other Activities: lectures and seminars
Assessment: There will be two written examinations (mid-term and final).
Each examination will
weight 50% of the total mark.
Professor: Nucera
Textbooks:
Options, Futures, and Other Derivatives, 8/E (global edition), Pearson
12
FINANCIAL MARKETS LAW AND REGULATION
Spring semester; 72lectures; 7 hrs per week; 8 credits
1)Introduction and fundamentals of financial markets
2)Central banking and monetary policy
3)Financial markets
4)Management of financial institutions
5)The financial institutions industry
Other Activities:
Assessment:
Professor:
lectures and problem sets
Midterm and final exam (written exams)
Nucera
Textbooks:
F.S. Mishkin and S.G. Eakins, Financial Markets and Institutions, 7/ E (global edition), Pearson.
152
13
FIXED INCOME, CREDIT AND COMMODITIES
Topic. This course covers pricing and forecasting of government and corporate fixed income
markets as well as commodities markets. These are the most important financial markets by size
and macronomic impact. James Carvelle, an advisor to Bill Clinton, famously once said he would
like to be reincarnated as the bond market, because then "you can intimidate everybody".
The course is divided into three parts of 8 classes each. The first part of the course covers the
study of the Yield Curve in treasury markets. The second part covers the most important fixed
income instruments. This section also intruduces the Yield Curve for commodities and the main
commodity based investment management products. The third part covers credit risk in
sovereign and non sovereign markets and introduces the main types of corporate bonds and
analyze factors affecting their prices.
Part I. Understanding the Yield Curve (Class 1 to Class 8)
Most of the literature on Fixed Income Securities is very quantitative and theoretical. This
sections relies on work developed by Antti Illmanen when he was at salomon Brothers, to bridge
the gap between the theory and practice of fixed income securities and set up an intuitive
framework for Yield Curve analysis. After briefly describing the computation of par, spot and
forward rates, it presents a framework for interpreting the forward rates by indentifing their two
main influences, ther market’s rate expectations and required bond risk premia. It concludes by
deveoping practical tools for active bond portfolio management. Other sources on thjis topic are
Illmanen’s ER. Cap. 9_”Bond Risk Premium, containing more updated information, as well as the
quantitative research from JPMorgan Fixed Income and Asset Allocation Research Team (various
issues)
Part II. Fixed Income Instruments and Applications (Class 9 to class 16)
There are many varieties of fixed income instruments, depending on the issuer, the maturity and
the underlying asset. Each instruments incorporates information of interest rate and credit risk
in its own often subtle way. Some of the most important fixed income istruments, such as Repos
or Inflation Linked Bonds (Linkers) or Mortgage Backed Securities are seldom covered in
university coursed. This section covers the main fixed income instruments as well as a few
practical applications. We also introduce the most important derivatives based on commodities,
and discuss the yield curve for commodities as well as the use of commodities as an investment
asset class. We mostly rely on Tuckman’s manual (FIS).
Part III. Credit Risk, Debt restructuring and Corporate Bonds (Class 17 to Class 24)
This part of the course covers credit risks in sovereign bonds, both in developed and emerging
markets as well in non sovereign issuers such as coporations and financial intermediaries and
introduces basic valuation techniques.
Other Activities: lectures, seminars, team works
Assessment: - written test = 66.6% (*)
- mandatory team work executed during the course; two
topics of choice (**) = 33.3%.
(*) I strongly advise student to complete the exam before
summer vacations (they may however register the grade
after that).
(**) to be delivered at instructor’s e-mail address by the
last class/ Erasmus or working students can be exempted
from the team work, having obtained instructor
authorization.
153
Students willing to change their grade may take an
additional oral exams worth (-3/30 to + 3/30 of their initial
vote).
Professor:
Nucera
Textbooks:
Modern
fixed
income
markets
are
a
creature
of
Salomon
Brothers
(http://en.wikipedia.org/wiki/Liar's_Poker). We heavily rely on work developed there to study
these markets. I suggest that each of You purchase a copy of Illmanen (2011) or Tuckman (2011)
and share with a colleague.
• A. Illmanen (2011) “Expected Returns: An Investor's Guide to Harvesting Market Rewards (ER) di
Antti Ilmanen, John Wiley and Sons, 2011.
• B. Tuckman (2011) “Fixed Income Securities. Tools for Today’s Markets”, Third Edition, 2011,
Wiley Finance (FIS)
• A. Illmanen (1995) “Understanding the Yield Curve”, Salomon Brothers Publication, 1995. This
is unpublished but will be made available on Course website) (UYC)
• S. Benninga, (2008) “Financial Modeling”, John Wiley, New York, Third Edition,
Websites and blogs
• Pimcobonds.com;
• Johnmauldin blog;
• Michaellewis blog;
• http://www.wilmott.com/messageview.cfm?catid=38&threadid=76084
• International Energy Agency website http://omrpublic.iea.org/ (commodities)
14
MACROECONOMIC ANALYSIS
Fall semester; 72lectures; 7 hrs per week; 8 credits
Capital accumulation and growth. Consumption and saving in competitive economies. Welfare
theorems, optimal fiscal policies, money and bubbles
Other Activities:
Lessons, Assignments, discussions in class
Assessment: Assignments (10%): There will be 9 assignments for the
semester, issued 4 days before they are due. Assignments
consist of a number of analytical problems. Assignments are
not graded but they are checked by the TA. Having
completed at least 7 assignments guarantees a 10% of the
final grade.
Midterm Exam (30%): This will be held in class half way
through the course.
Final Exam (50%): The final exam will be held in the
examination period.
Professor:
Reichlin
Textbooks:
F.S. Mishkin and S.G. Eakins, Financial Markets and Institutions, 7/ E (global edition), Pearson.
15
MATHEMATICAL METHODS FOR ECONOMICS AND FINANCE (MOSEC)
Fall semester; 72lectures; 7 hrs per week; 8 credits
154
Part
Part
Part
Part
1:
2:
3:
4:
Linear Algebra.
Unconstrained Static Optimizazion
Constrained Static Optimizazion
Dynamic Optimization
Other Activities:
Assessment:
Professor:
lessons and exercise lessons
Written exam
Gozzi
Textbooks:
MATEMATICS FOR ECONOMISTS, Carl Simon e Lawrence Blume, W.W. NORTON & COMPANY.
Notes given by the teacher.
16
MICROECONOMIC ANALYSIS (MOSEC)
Theory of consumption and production: consumption and budget sets. Revealed preferences.
Preference relation and utility function. Utility maximization problem. Expenditure minimization
problem. Indirect utility function and expenditure function. Walrasian and Hicksian demand.
Aggregate demand. Production sets. Profit maximization. Cost minimization. Aggregation and
efficient production.
Introduction to game theory. Nash Equilibrium. Subgame perfect Nash Equilibrium. Bayesian Nash
Equilibrium. Perfect Bayesian Equilibrium. Sequential Equilibrium.
Other Activities:
Assessment:
Professor:
lectures, take-home exercises
written test (75%), oral exam (25%)
Pannaccione/Spallone
Textbooks:
1) A. Mas-Colell, M.D. Whinston, J.R. Green, Microeconomic Analysis, Oxford University Press,
1995
2) R. Gibbons, Game Theory for Applied Economists, Princeton University press, 1992.
17
PERFORMANCE MEASUREMENT AND FINANCIAL REPORTING
The course focuses on the theoretical and practical processes of designing, implementing, and
using financial statement and performance measurement systems.
155 twill analyze the main concepts of financial statement according to IAS/IFRS framework:
balance sheet, income statement, statement of comprehensive income, statement of changes in
equity; statement of cash flows.
In addition to that, the course goes beyond financial and not financial measures introducing
students to a series of practical tools and techniques that can be used to identify, analyze,
manage, and implement a performance measurement system.
The main themes include:
· Measuring performance: theoretical foundations and main perspectives;
· The performance measurement tools;
· Financial versus non financial indicators;
· How to use the measures in order to manage and improve performance: accounting, and
organizational perspectives;
· Performance as a mechanism for motivation and control
155
Assessment:
Professor:
Written exam
Izzo
Textbooks:
- Slides
- Selected academic accounting papers
- Case studies
- Tim Koller, Richard Dobbs, Bill Huyett, Value: The Four Cornerstones of Corporate Finance,
McKinsey & Company Inc., 2010
18
THEORY OF FINANCE
1)
2)
3)
4)
5)
6)
Introduction
Portfolio theory and pratice
Equilibrium in capital markets
Fixed income securities
Options, futures and other derivatives
Applied portfolio management
Assessment:
Other activities
Professor:
Problem sets and written exam
Lectures and TA sessions
Borri
Textbooks:
Bodie, Kane and Marcus “Investments”, McGraw-Hill, latest edition.
Siegel, “Stocks for the long run: the definitive guide to financial market returns and long term
investment strategies”, McGraw-Hill, latest edition.
In addition, class slides and additional material will be distributed through the class website.
156
▌SUMMARY TABLE OF COURSES
MASTER’S DEGREE COURSES
Please note that master courses are very advanced and only guest students meeting
the following requirements may enrol in such courses:




a very good command of Italian language;
no time-table clashes because attendance of each course is compulsory.
Please remember when semesters start:
First Year:
Fall Semester: Sept- Dec
Spring Semester: Mar- Jun
Second Year: Fall Semester: Sept- Dec
Spring Semester: Mar- Jun
oe:
we:
Key
oral exam
written exam
Year/Sem
Assessment
Credits
E1-BE(Adv)1-M
BUSINESS ECONOMICS – ADVANCED
(Economia dell’Impresa – corso progredito)
1/F
we/oe
12
E1-BO(Adv)2-M
BUSINESS ORGANISATIONS (ADVANCED)
(Organizzazione Aziendale – Avanzato)
2/F
we/oe
8
E2-BS3-M
BUSINESS STRATEGY
(Strategie d’Impresa)
1/S
we/oe
8
E1-CL4-M
COMPANY LAW
(Diritto Societario)
1/F
oe
6
157
CONSUMER BEHAVIOUR
Comportamento del consumatore
1/S
oe/we
6
CORPORATE BANKING
1/S
oe
6
E2-CF(Adv)5-M
CORPORATE FINANCE (Advanced)
(Finanza aziendale - avanzato)
1/S
we/oe
6
E1-ECI6-M
ECONOMICS AND CREDIT INSTITUTIONS
(Economia delle aziende di credito)
2/F
we/oe
8
1/S
we/oe
8
2/F
we/oe
8
1/F
we/oe
8
E1-MC11-M
MANAGEMENT CONTROLS – ADVANCED
(Controllo di Gestione, progredito)
1/S
we/oe
12
ORGANIZATION DESIGN – ADVANCED
1/S
we
6
E1-SMR14-M
(Statistiche e ricerche di mercato)
1/S
we/oe
8
E1-TL16-M
TAX LAW
(Diritto Tributario)
1/S
we/oe
8
2/F
oe
8
E1-EIEM(Adv)7-M
ECONOMICS AND INTERNATIONAL ENTERPRISES
MANAGEMENT
(Economia e gestione delle imprese
interazionali)
E1-EMI(Adv)8-M
ECONOMICS AND MANAGEMENT OF
INNOVATION
(Economia e gestione dell’innovazione)
Matematica Finanziaria (progredito)
TAX PROCEDURE
(Diritto processuale tributario)
158
E1-TL17-M
TERRITORIAL MARKETING
(Marketing Territoriale)
2/F
we/oe
8
NB:
159
Management/General Management
Year/Sem
Assessment
Credits
E1-ACF1-GM
ADVANCED CORPORATE FINANCE
1/S
we/oe
8
E2-AM2-GM
ASSET MANAGEMENT
2/F
we
8
E1-CBL4-GM
COMPANY AND BUSINESS LAW
1/F
we
8
E1-CorStr5-GM
CORPORATE STRATEGIES
1/S
we/oe
8
CREATIVE INDUSTRIES AND BUSINESS MODEL
INNOVATION
1/S
we
6
2/F
we
8
2/F
we/oe
8
E2-FM9-GM
FASHION MANAGEMENT
2/F
we/oe
8
E1-GEC10-GM
GLOBAL ECONOMIC CHALLENGES
1/F
we
12
GLOBAL ORGANIZATION DESIGN
1/S
we
6
E1-IPRTT11-GM
INTELLECTUAL PROPERTY RIGHTS
2/F
oe/we
8
1/S
we
6
E2-IB12-GM
INTERNATIONAL BUSINESS
2/F
we/oe
8
E2-IF13-GM
2/F
we/oe
8
E2-IM14-GM
2/F
we
8
E2-ITCP15-GM
2/F
we/oe
8
E1-DAQM7-GM
DISTRIBUTION AND SALES
E1-EMI8-GM
ECONOMICS
INNOVATION
AND
MANAGEMENT
OF
160
INTERNATIONAL
POLICIES
TRADE
AND
COMMERCIAL
E2-LM16-GM
LUXURY MANAGEMENT
2/F
we
8
1/F
we/oe
6
E2-M&AIB17-GM
M&A AND INVESTMENT BANKING
2/F
we
8
E1-PMFR19-GM
REPORTING
1/F
we/oe
8
PROJECT-BASED ORGANIZATION: DESIGNA ND
HRM
1/S
we
6
NB:
161
Business Consulting
Year/Sem
Assessment
Credits
CORPORATE AUDITING
(Revisione Aziendale)
1/F
we/oe
8
BUSINESS ECONOMICS
(Economia dell’Impresa)
1/F
we/oe
12
E1-CBL4-GM
COMPANY LAW
(Diritto Societario)
1/F
oe
8
(Matematica Finanziaria, progredito)
1/F
we/oe
8
ADVANCED MANAGEMENT CONTROL
(Controllo di gestione avanzato)
1/S
we/oe
12
TECHNICS AND PROFESSIONAL ETHICS
(Tecnica e deontologia professionale)
1/S
oe
8
CORPOTE
AUDITING
1/S
we/oe
8
TAX LAW (ADVANCED)
(Diritto tributario, progredito)
1/S
oe
6
(Revisione, deontologia e tecnica professionale)
2/F
oe
8
STRATEGIC CONSULTING
(Consulenza Strategica)
2/F
we/oe
8
ANALYSIS AND ASSESSMENT OF BUSINESS
STRATEGY AND THE PUBLIC SECTOR
(Analisi e Valutazione delle strategie di impresa
e del settore pubblico)
2/F
we/oe
8
GOVERNANCE
AND
INTERNAL
162
NB:
163
Elective Courses (for the different
Majors)
Year/Sem
Assessment
Credits
2/S
oe/we
8
COMMUNICATION STRATEGIES AND
ADVERTISEMENT TECHNIQUES
(Strategie di Comunicazione e tecniche di
pubblicità)
2/F
oe
8
CORPORATE EVALUATION
(Valutazione d’azienda)
2/F
we/oe
8
DIGITAL MARKETING
2/F
we
8
ECONOMICS AND MANAGEMENT OF THE MEDIA
(Economia e gestione dei media)
2/F
oe
8
ECONOMICS AND MANAGEMENT OF ENERGY
BUSINESS
2/F
we
8
FINANCE OF EXTRAORDINARY OPERATIONS
(Finanza Straordinaria)
2/F
oe
8
HISTORY OF FINANCE AND FINANCIAL SYSTEMS
(Storia della Finanza e dei Sistemi finanziari)
2/F
oe
8
(Principi contabili internazionali)
2/F
oe
8
LAW OF COMPANIES IN CRISIS
(Diritto della Crisi di Impresa)
2/F
oe
8
PLANNING AND CONTROL
2/F
we
8
REMUNERATION SYSTEMS AND HR
MANAGEMENT
(Sistemi di Remunerazione e gestione delle
risorse umane)
2/F
we/oe
8
TOURISM MANAGEMENT
2/F
we/oe
8
164
Economics and Finance (Italian and
English)
Year/Sem
Assessment
Credits
E1-AdMac2-M
ADVANCED MACROECONOMICS
1/S
we/oe
8
E1-AdMic3-M
ADVANCED MICROECONOMICS
1/S
we/oe
8
1/S
we/oe
8
1/Annual
we/oe
8
2/F
we/oe
8
1/S
we/oe
8
1/F
we
8
2/F
oe
8
1/S
we/oe
8
1/F
we/oe
8
1/F
we/oe
8
E2-CF(Adv)4-M
CORPORATE FINANCE -ADVANCED
(Finanza aziendale avanzato)
E2-ETI5-M
ECONOMETRIC THEORY
E2-EMFAdI6-M
ECONOMICS OF THE SECURITIES MARKETS
(Economia del mercato mobiliare)
E1-EUI8-M
ECONOMICS OF UNCERTAINTY AND
INFORMATION
(Economia dell’Incertezza e dell’Informazione)
E1-FML10-M
FINANCIAL MARKETS LAW AND REGULATION
ECONOMICS, MARKETS AND FINANCIAL
INTERMEDIARIES
(Economia dei Mercati e degli intermediari
finanziari)
E1-IASI11-M
AND IFRS
(Principi Contabili Internazionali e IFRS)
E1-MMEF12-M
MATHEMATICAL METHODS FOR ECONOMICS
AND FINANCE
E1-MacAn13-M
MACROECONOMICS ANALYSIS
165
E1-MicAn15-M
MICROECONOMICS ANALYSIS
1/F
we/oe
8
E1-MTP16-M
MONETARY THEORY AND POLICY
(Teoria e Politica Monetaria)
1/S
we/oe
8
E1-Prob17-M
PROBABILITY
(Probabilità)
2/F
we/oe
8
2/F
we
8
E1-TSFE18-M
TIME SERIES AND FINANCIAL ECONOMICS
(Serie storiche ed economia finanziaria )
1/F
we/oe
8
THEORY OF FINANCE
1/S
we
6
REPORTING
NB:
166
Elective courses
Semester
Hours
Assessment
Credits
Spring
60
we/oe
8
Fall
60
we
8
Spring
60
we/oe
8
EXPERIMENTAL AND BEHAVIOURAL ECONOMICS
Di Cagno/Ponti
Fall
60
we/oe
8
FINANCIAL AND CREDIT DERIVATIVES
Nucera
Fall
60
we
8
Spring
60
we
8
Benigno
Fall
60
we
8
Manzocchi
Fall
60
we/oe
8
CREDIT SCORING AND RISK MANAGEMENT
Cocozza/Curcio
EMERGING MARKETS
Ferri
EQUITY MARKETS AND ALTERNATIVE INVESTMENTS
Fasano/Benedetti
FIXED INCOME, CREDIT AND COMMODITIES
Cybo-Ottone
NB:
167
▌THE SCHOOL OF MANAGEMENT
The School of Management was established in 1985 with the objective of promoting post-degree,
post-diploma and post-experience TRAINEESHIP in the field of management and economics, both
in private companies and public administration.
The school is currently organised in two sections:

MASTER DEGREE

RESEARCH
The Master Degree division runs, among other things, a Master of Business Administration. The
course lasts 16 months and full time attendance is obligatory. In-classroom lectures cover the
following didactic areas:










Accountancy
Credit and financial intermediaries
Corporate finance
Production systems and technological innovation
Information systems
Quantitative methods for management
Organisational behaviour
Marketing
Strategy
Company law and tax legislation
Furthermore, elective courses are also envisaged as is participation in functional and business
projects at companies and institutions characterised by their advanced management methods.
The overall duration is about 1.200 hours of in-classroom didactic activity.
The Research division carries out scientific research either on its own initiative or upon
it being commissioned by organisations and/or companies.
Please note that the courses of the School are not open to Socrates/Erasmus students or
students under others exchange agreements.
168
▌USEFUL INFORMATION FOR GUEST STUDENTS
COST OF LIVING
MONEY
On January 1st, 2002 the Euro was introduced as legal currency in Italy, substituting the Italian
“Lira”.

Banks – opening hours: Monday to Friday; 8.30 a.m.- 1.30 p.m. and 2.45 p.m. - 3.45
p.m. We suggest that you go to the bank in the morning. If you wish to open a bank
account in Italy you will first have to obtain your Codice Fiscale (see n.9 TAXPAYER’S
CODE NUMBER).

Credit cards are widely accepted in restaurants, hotels, railway stations and shops. You
may use a credit card (Visa, MasterCard, American Express, etc) to cash Euro from
Automatic Teller Machines – ATM – available in every bank at all times. Most cards have a
limit on the amount of cash which can be withdrawn.
We recommend that students bring along a sufficient amount of Euros or travellers cheques to
cover immediate necessities (keep in mind that there are considerable delays involved in
transferring money to Italy from abroad!).
ACCOMMODATION
LUISS University has no dormitory facilities. Most Erasmus students live in private apartments
with Italian or international roommates in the neighbourhoods nearby the University.
The Student Exchange Office does not take direct responsibility for providing accommodation. A
private organization takes care of it on the basis of the application forms received (by the
Student Exchange Office of LUISS Guido Carli) by May 31.
The average cost is between € 350 for a place in a double room and € 500 for a single room a
month plus utilities (telephone, electricity, heating, gas). Ask your Coordinator for a copy of the
accommodation documents. Please read the booking conditions carefully, follow the instructions
and complete the application form.
INSURANCE
All guest students are highly required to have an insurance policy covering medical care and
third party liability. It is advisable for them to buy it in their country of origin because these
policies are very expensive in Italy. For students from countries which are members of the
European Union some medical costs are generally covered by their national health service (do
not forget to bring your European Health Insurance Card – EHIC!).
169
MEALS
 At the university cafeteria: 2,30 €
 Take-away pizza shops, snack bars: from 5 to 10 €
 Pizzerie (pizza restaurants), Birrerie (beer houses), fast food, Tavole Calde (Self
Service): from 12 € up
 Trattorie, Ristoranti (restaurants): from about 20 € up.
PUBLIC TRANSPORTATION
Rome has an integrated public transport network operated by the companies Atac – Cotral – FSFerrovie dello Stato. The system includes a network of metro, bus, tram and metro-type rail
service.



Bus and tram services (ATAC) cover the centre of the city and the suburbs. They
operate from 5.30 a.m. to 12.00 p.m. Night bus service is available from midnight to
5.30 a.m. Night busses are recognized by the number followed by the letter N
(notturno).
The price of a single ticket, valid for 100 minutes, is 1,50 €.
The price of a monthly ticket, Intera Rete, valid for all busses and the underground, is
about 35 €. Monthly tickets last for the solar month, so we recommend to buy them at
the beginning of the month.
Note: Single or monthly tickets must be bought before boarding the bus. They may be purchased
at ATAC kiosks (at the end of the line), news stands, Tabacchi (Tobacco shops) or from automatic
ticket machines. Tickets must be validated on commencement of your journey. Validation
machines are located at the rear of buses and trams, at the entry gates of Metro stations and
within the entrance area of all rail stations.
The underground service is run by ACOTRAL, which also runs extra-urban buses. There are
two lines, A and B, which connect extra-urban and peripheral zones with the centre. The
cost of a single ticket is 1,50 €.
 Metro line A runs from Battistini Station, situated Northwest of the city, to Agnanina
Station in the Southwest. Due to works in the line for new stations and restoration,
line A runs on rail only from 5:30 a.m. to 9 p.m. After this hour, a bus service is made
available until midnight (until 1:30 a.m. on Saturdays).
 Metro line B runs from Rebibbia station, situated Northeast of the City, to Laurentina
Station in the South. ). Metro line B1 runs from Bologna station to Conca d’Oro
station. Trains circulate from 5.30 a.m. to 11.30 p.m. (until 1.30 a.m. on Saturday
 The one and only changing cross between the two lines is at Termini Station.
With the integrated ticket – Metrebus – you may use all means of public transportation within
the metropolitan area of Rome. It is valid for up to 100 minutes.
The price of a single ticket is 1,50 €.

A shuttle train called Leonardo Express, leaving every 30 minutes (from 6.36 a.m. to
11.36 p.m.) links Fiumicino International Airport with Termini Central Station. The price
of the ticket is 11 € for one ride.
170

A shuttle train called FM1 linea urbana, leaving every 15 minutes (from 5.57 a.m. to
11.27 p.m.) links Fiumicino International Airport with Tiburtina Station. The price of the
ticket is € 5.50.
For information about bus and tram service (ATAC) call the toll-free number 800 43 17 84
(Monday to Friday from 8 a.m. to 6 p.m.). All numbers beginning with 800 or 147 or 1670 are
toll-free phone numbers.
Bus and underground information can also be found in Tuttocittà, a streetmap which is issued
annually along with Rome telephone directories. Also ask any Tourist Information stands for a
free map of the transportation network.
TAXIS
Taxis in Rome are quite expensive; charges vary with distance, time of day and extra charges
(supplementi). A taxi is, however, the easiest transportation for students arriving in Rome at
Fiumicino International Airport (average fare about € 50).
To order a taxi call +39-06-3570; +39-06-3970; +39-06-5870; +39-06-4994.
 Car hire - through all the main agencies (AVIS; HERTZ).
 Bicycle hire - various points in the centre of Rome.
BOOKS
Average costs for university books are about 260 € per semester. The University bookshop is
situated in the main campus, in Viale Romania 32. Students can buy books there at reduced
price.
LIBRARIES
A large number of libraries are located in Rome. The most important libraries are:
- LUISS University Library, Via di Santa Costanza 54, 00198. It holds about 120,000 books, over
2,000 paper journals, 75 databases, and it provides access to over 30,000 e-journals. The
collection concentrates on economics, law and politics.
The opening hours are the following: Reading Rooms, from Monday to Friday from 8 a.m. to
9.45 p.m./Saturday from 8 a.m. to 1.30 p.m.; Reference and Electronic Resources Room, from
Monday to Friday from 8 a.m. to 1 p.m. and from 2 p.m. to 6.30 p.m.; Delivery Room and
Circulation Service, from Monday to Friday from 8.30 a.m. to 7.30 p.m./Saturday from 8.30
a.m. to 1.30 p.m.
- The Central National Library of Rome (Biblioteca Nazionale Centrale di Roma), Viale Castro
Pretorio
105,
00185,
tel.
+39-06-49891;
fax
+39-06-4457635,
website:
http://www.bncrm.librari.beniculturali.it , email [email protected].
- Biblioteca Universitaria Alessandrina, Piazzale Aldo Moro 5, 00185, tel.+39-06-4474021, email: [email protected].
171
SHOPPING
It is less expensive to buy basic necessities (food, toilet articles, clothes) in large stores or
supermarkets, such as UPIM, SMA, SIDIS, Billa, Carrefour etc. than in small shops. Many
neighbourhoods hold weekly markets which can be also convenient for buying food.
ENTERTAINMENT

Cinema: tickets cost about € 7.5 (with a reduced price of about € 5.5 on Wednesdays in
many cinemas or less in Cinemas d’Essay). Movies in English are shown at the Pasquino,
Vicolo del Piede, Trastevere, the Quirinetta, via Marco Minghetti, 4, the Metropolitan
and Olympia in Via del Corso.

Theatre and Concerts: tickets generally vary between € 15 and 40. Many associations give
reductions to students. Tickets at reduced prices are sold at LUISS Guido Carli on a
weekly basis. For detailed information call Diritto allo Studio, Viale Gorizia 17, 00198
Roma, tel. +39-06-85225410.
The university website has a special link to entertainment and various activities in Rome:
www.luiss.it/omnia.
SPORTS
A few years ago, the Sport Association at LUISS Guido Carli was set up. It offers all students the
opportunity of playing various sports (basket, football, rugby, volley, ect.). It also organizes
seminars and meetings with special guest speakers. The LUISS basketball team participates in the
national championship.
For further information students may contact the Sports Office, Viale Romania 32, 00197 Rome,
tel.+39-06-85225400, e-mail: [email protected], open from Monday to Friday from 10 a.m. to 1 p.m.,
and Monday and Wednesday from 2.30 to 4.30 p.m.
172
MISCELLANEOUS
Italian time in relation to Greenwich mean time: + 1 hour from October to March, + 2 from April
to September.
CLIMATE AND CLOTHING
Italy extends 1,200 km from North to South, so the climate varies considerably, with winter
temperatures of -5°C and below (23°F) in the North, and summer temperatures of 40°C (105°F)
in the South. Rome, located at the centre of the peninsula, has a mild climate, with
temperatures rarely reaching the extremes indicated above. Consequently, light or mediumweight clothing is recommended. It is advisable, however, to come provided with a raincoat, and
an overcoat or heavy jacket for the winter which can indeed have peaks of cold.
PHONE SERVICES
The Italian phone network is run by Telecom Italia and various companies (Infostrada, Tele 2,
Fastweb). Public phones are run by Telecom, they take coins or Telecom phone cards available
at Tabacchis. For mobile phones, if you have a cell phone you can buy a sim card for about 15 €
with several companies (TIM; WIND; VODAFONE) and choose your calling plan for the period of
your stay.
Local calls cost around 20c. per minute.
POST OFFICE
Post Offices (Poste Italiane, www.poste.it ) are open Monday to Friday 8.30 a.m. to 1.30 p.m.;
Saturday: 8.30 a.m. to noon. Some offices in the centre have longer opening hours; closing time
is between 6 and 7 p.m. Stamps can also be bought at the Tabacchi.
TOURISM
LUISS Guido Carli has signed an agreement with CTS (Centro Turistico Studentesco e Giovanile)
travel agency, where students can benefit from a number of services. LUISS students and alumni,
Erasmus students, LUISS faculty and staff members can purchase a CTS membership card for €18,
instead of €30.
CTS members receive the CTS Membership Card and the International Student Identity Card,
which gives access to discounts and cut prices on airline, train, ferry, movie and theatre tickets
in Italy and abroad. It is also possible to purchase vacation packages to any place of destination.
The CTS Help Desk is in Viale Gorizia 17, tel. +39-06-8522-5402, e-mail [email protected] and it is open
from Monday to Friday from 9 a.m. to 1 p.m. and from 1.30 p.m. to 4.30 p.m.
If you have an ISIC (International Student Identification Card) you can also find information or
book cheap travel plans at other CTS agencies located in various parts of the city. For info:
www.cts.it.
For tourism information, another good place to make inquiries is E.P.T. - Ente Provinciale
Turismo, the regional tourist office. Offices are at Via Parigi 5, near the central station, (Monday
173
to Saturday from 9 a.m. to 7 p.m.) and at Leonardo Da Vinci Airport, Fiumicino (International
Arrivals, Terminal B, Monday to Sunday from 8.15 a.m. to 7 p.m.) .
Detailed information can be obtained from the Central Information Office in Rome (Servizio
Informazioni del Comune di Roma), at Via Parigi 11, tel. +39-06-488991; website:
http://www.romaturismo.it, e-mail: [email protected].
INFORMATION ABOUT ROME
Besides the EPT brochures (see above) good sources of information about streets, monuments,
museums, places of entertainment, commercial activities, shopping are Tuttocittà and Pagine
Gialle. Both are issued along with telephone directories, so you might find one in your
apartment. It is advisable to buy a good map of the city. Another good source of information
about what is going on in Rome is Trovaroma, a weekly publication which is given out with the
Thursday edition of the newspaper La Repubblica. Many other newspapers offer similar
publications (Corriere della Sera, Roma C’è).
EMBASSIES AND CONSULATES
Most Embassies are located in Rome. There are Consulates in the smaller cities. Check your
Ministry of Foreign Affairs for their diplomatic missions in Italy.
ELECTRICITY
Electric current in Italy is 220 volts. If students come from the U.K. they will need an
adaptor.
EMERGENCY NUMBERS
In case of emergency call 112 (Carabinieri), 113 (Police), 115 (Fire Brigade), 116 (ACI Road
Assistance), 118 (Ambulance). These calls are free. Other emergency numbers can be found in
the opening pages of Pagine Gialle.
NATIONAL HOLIDAYS
January
January
March
April
April
May
June
August
November
December
December
December
1st
6
31
1
25
1st
2
15
1st
8
25
26
HOLIDAYS IN ROME
New Year’s Day
Epiphany
Easter Sunday (2013)
Easter Monday (2013)
Liberation Day
Labour Day
Republic Day
Assumption Day
All Saints
Immaculate Conception
Christmas Day
Boxing Day
June 29
174
St. Peter and Paul
LUISS GUIDO CARLI WEB SITE
http://www.luiss.it/it and www.luiss.edu
Information for guest students can be found on www.luiss.edu/prospective-students/exchangestudents
Search our web site, from time to time. Pages are updated when new information is available.
WEB SITES WITH USEFUL INFORMATION ON ITALY AND ROME
Italy:
http://www.article.student.com
http://www.about.com
http://goeurope.about.com/weekly/aa980402.htm
http://goitaly.about.com/travel/europe/goitaly/
http://www.roughguides.com
Rome:
http://www.romaturismo.com
http://www.romagiovane.it
http://www.comune.roma.it
175
▌HOW DO I APPLY FOR A PERIOD OF STUDY AT LUISS?
1) WHO CAN APPLY:
First of all, you should be aware of the fact that the Student Exchange Office of LUISS Guido
Carli will accept exchange students only under the LLP Erasmus Programme or any other
exchange agreement.
Other students can only apply for corsi singoli and have to pay a fee for each course. At the end
of the period of study they will receive a transcript of records for the exams taken.
For corsi singoli registration is made through Segreteria Studenti (Student Office) of LUISS.
2) STEPS YOU SHOULD TAKE AND THINGS YOU SHOULD KNOW:
Contact the International Coordinator at your Home University. Each sending Institution is
responsible for the selection of students.
Ask them for all the information, documents, brochures, application forms related to LUISS.
We manage all relevant information through partner Institutions and do not usually send
additional packages to the students selected for the exchange.
Read the instructions carefully before you apply.
 Be aware of our deadlines
Search our web site from time to time: pages are updated when new information is available.
Check the web pages of LUISS Professors (under Cattedre online) for detailed information about
courses.
Remember, the language of education is Italian. Your level should be adequate.
LUISS Guido Carli offers an intensive Italian language course, held in September, and courses
during both semesters (3 hours per week). The courses are at three levels, beginners,
intermediate and advanced. At the end of the courses, the students who have complied with the
requirements, will receive a certificate (with grades and ECTS credits) for the work done.
 The courses are free of charge for our exchange students admitted under the LLP
Erasmus programme or any other bilateral agreement.
If you feel your level is not sufficient, take a summer course before coming to LUISS for
the intensive Italian language course held in September.
 Each year LUISS offers some courses in English. The final list will be available at the
beginning of classes.
176
3) TIMING
By February of every academic year, we send all our partners updated materials, application
procedures and documents for exchange students.
The deadline is May 31 every year for receiving the LUISS application form.
All other deadlines change slightly from year to year.
Exchange students will receive an acceptance letter and practical information in June.
THE STUDENT EXCHANGE OFFICE
Dr.
Annamaria A. Ricciardi
Mrs.
Anna Liguori
Mr.
Michele Sorrentino
Mr.
Andrea Ippoliti
Viale Romania, 32
00197 Rome - Italy
Tel. +39-06-85225722/642
Fax +39-06-85225505
E-mail [email protected]
Web site http://www.luiss.it/it
Available for students:
From Monday to Friday
Tuesdays and Thursdays
10 a.m. – 12 p.m.
3 p.m. – 4 p.m.
Head of office is available:
From Monday to Friday
11 a.m. – 12 p.m.
Tuesdays and Thursdays
3 p.m. - 4 p.m.
177
▌2013-2014 ACADEMIC CALENDARS
PLEASE NOTE THAT 2014/2015 ACADEMIC CALENDARS ARE NOT
AVAILABLE AT TIME OF PUBLICATION. FOR FURTHER INFORMATION
PLEASE CHECK LUISS WEB SITE:
http://www.luiss.edu/prospective-students/exchangestudents/academic-calendar
2013-2014
ACADEMIC CALENDAR:
BACHELOR - MASTER
Department OF Economics and Business
Management; Department of Economics
and Finance
ITALIAN CRASH COURSE
 MANDATORY ARRIVAL DATE:
SEPTEMBER
4
2013 Student Exchange Office
(viale Romania 32)
ITALIAN TEST
SEPTEMBER
5
Test at 10.30
CLASSES BEGIN
SEPTEMBER
6
CLASSES END
SEPTEMBER
13
SEPTEMBER
12
2013 Student Exchange Office
(viale Romania 32)
CLASSES BEGIN
SEPTEMBER
16 [*]
2013
CLASSES BEGIN
SEPTEMBER
23
2013
CLASSES END
DECEMBER
7
2013
For all incoming exchange students
FIRST SEMESTER
For all incoming exchange students
EXAMINATION PERIOD
FROM 9 DECEMBER TO 20 DECEMBER 2013 (one examination
date for all courses)
FROM 7 JANUARY TO 16 FEBRUARY 2013
178
SECOND SEMESTER
FEBRUARY
13
2014 Student Exchange
Office (viale Romania 32)
CLASSES BEGIN
FEBRUARY
17
2014
CLASSES END
MAY
17
2014
EXAMINATION PERIOD
FROM 19 MAY TO 5 JULY 2014
For all incoming exchange
students
179
▌EXCHANGE DEADLINES-ACADEMIC YEAR 2014-2015
 May 31, 2013 (reception of LUISS application form)
By this date, LUISS must receive the students' application forms (electronic and paper version
signed by the student and the coordinator) requesting:
 registration for fall and/or spring semester (same deadline for the spring semester)
 registration for the intensive Italian course (if applicable)
 May 31, 2013 (deadline for accommodation form)
By this date, CTS must receive the request for accommodation. A copy must be sent to
LUISS by the same date.
Ask your home Coordinator for a copy of the housing documents.
Please make sure to read the booking conditions for accommodation carefully, follow the
instructions and meet the deadlines.
After this date, LUISS cannot guarantee acceptance of the students and registration for the
intensive Italian course and accommodation.
 June, 2013 (acceptance of students)
As soon as the completed application forms are received, LUISS will send the students an
acceptance letter and practical information.
 July 1, 2013 (deadline for reception of the Italian Language test)
By this date, LUISS must receive the Italian test from the students who have registered for
the intensive Italian language course held in September.
180
▌LUISS GUIDO CARLI AND ECTS GRADING SYSTEM
The maximum final university grade is 110. For very brilliant students the degree may be
awarded cum laude. Individual courses are graded on a scale of 18/30 (30 e lode).
Table of Grades:
Department of Economics and Finance
Department of Business and Management
ECTS System - Distribution of grades
LUISS
Grades
Econ. Fin.
Busin. Man.
Econ. Fin.
Busin. Man.
% of grades
Previous ECTS
Grading system
5,66 %
A
30 e lode
19,08 %
30
9,36 %
B
29
16,67 %
28
C
13,31 %
27
9,81 %
26
D
6,77 %
25
5,88 %
24
3,25 %
23
2,43 %
22
E
1,74 %
21
2,06 %
20
1,16 %
19
2,82 %
18
100%
Total
181
▌FAQ – FREQUENTLY ASKED QUESTIONS
◊ Admission / Enrolment
►I am an international student and would like to study at LUISS Guido Carli, what should I
do?
If your University has a Bilateral Agreement with LUISS or agreement under the LLP Erasmus
Programme, you can apply through the Student Exchange Office of your Institution. The first
thing to do is to contact the co-ordinator in your home Institution.
If your University does not have an agreement with LUISS:


you can enrol for single courses (corsi singoli). In this case you would have to pay a fee of
1.000 € per course; in order to enrol read the information available on the web site (Students
Office) and contact Settore Studenti;
you can enrol for a degree course. In this case you would have to take the admission test. In
order to enrol read the information available on the web site (Students Office) and contact
Settore Studenti.
◊ Language of Education
►I do not speak Italian. Do you offer courses in English?
At LUISS the language of education is Italian but an increasing number of degree programmes and
courses are offered in English each year.
The courses belonging to the following Bachelors and Masters Degrees are entirely taught in
English:





Bachelors Degree in Economics and Finance and Business Management
Masters Degree in General Management
Double Degree in International Management (with the University of Fudan – Shanghai)
Masters Degree in Financial Economics
Masters Degree in International Relations



Master in European Studies (MES)
Master of Science in Economics (MOSEC)
Master in E-Business, Management and Consulting (MERP)
Erasmus and Exchange students will be allowed to attend the courses in English offered in the
General Management, Economics and Business and the one year Master programmes, according
to their level of study, department, academic background and English language competences.
The Master in EU Studies offers only a few places to exchange students.
◊ Italian Language Courses
►Do you offer Italian language courses? Who can apply?
182
Each year, LUISS offers intensive Italian language courses in September and extensive courses in
both semesters. These courses are at beginners, intermediate and advanced level.
The courses are only open to students coming from partner Universities and they are free of
charge.
If students do not have a sufficient level of Italian, they are highly recommended to take a
summer course before coming to LUISS.
►Do I have to take a test? Will I receive a certificate at the end of the course?
Students wishing to attend the intensive Italian language course held in September will have to
take a written test before arrival (the deadline for reception of the test is July 1, 2013).
Students wishing to attend the intensive Italian language course held in September will have to
take a written test before arrival.
At the end of the courses, the students who have complied with the requirements, will receive a
certificate for the results achieved (with grades and ECTS credits).
◊ Deadlines and Arrival Dates
►When should I apply for LUISS?
The deadline for LUISS is May 31.
By this date LUISS must receive the application forms (electronic and printed version) of the
incoming students (for both fall and spring semester) from partner Universities. Find out when
and where you have to apply at your University.
After the deadline of May 31 students may not be accepted by LUISS.
►When should I arrive at LUISS?
There are set arrival dates for each academic year and they are mandatory.
For the 2012-2013 academic year the arrival dates are:
Intensive Italian course :
 Mandatory arrival date: 4 September 2013
 Classes begin: 6 September 2013
 Classes end: 13 September 2013
Bachelor and Master Degrees - Department of Law :
Fall semester:



Mandatory arrival date: 12 September 2013
Classes begin: 16 September 2013 (II and III year classes at Bachelor level and II
year classes at Master level of the Department of Economics) - 23 September 2013
Classes end: 7 December 2013
183
Spring semester:



Mandatory arrival date: 13 February 2014
Classes begin: 17 February 2014
Classes end: 17 May 2014
On the set arrival dates, the students should go to the Student Exchange Office for student
mobility at 10.30 or at 2.30 p. m.
Orientation sessions will be held on the arrival dates and students will receive an information
package.
◊ Accommodation
►How can I find a room in Rome?
You can apply through LUISS by May 31st. In this case CTS (Centro Turistico Studentesco e
Giovanile) will take care of finding a room for you. Make sure you read the booking conditions
carefully, follow the instructions and meet the deadlines.
Of course, you can look for a room by yourself, in this case we advise you to come to Rome at
least two weeks before the beginning of each semester because it is not easy to find
accommodation in Rome.
◊ Cost of Living
►How much will I spend in Rome?
Housing : the average cost is between € 350/400 (for a place in a double room) and € 500/600
(for a single room) a month plus extras (telephone, electricity, heating, etc.).
Meals: about 2 € per meal at the University cafeteria. From 5 to 25 € in take-away pizza shops,
bars, pizzerie, trattorie.
Public transport: the price of a monthly card(tessera intera rete), for all public transport, is 35
€.
Books: about 300 € per semester.
Cinema: a ticket costs about 7 €.
Theatre and Concerts: the average cost is between 15 and 30 €, but many associations give
students reduced prices.
◊ Student Facilities at LUISS
►What facilities are offered to exchange students?
Guest students will have the same facilities as Italian students: access to the Library, the
University Dining Hall, computer and multimedia facilities, e-mail, sports, and all the extra
184
curricular activities organised for students such as: film shows, conferences, cultural events,
concerts, parties, tours, and much more.
◊ Course Enrolment and Classes – Bachelor Degrees
►Which courses can I take?
You will be given access to all the courses in the four Departments as long as you have the
necessary prerequisites and you do not have time-table clashes, because attendance of courses
is compulsory.
LUISS.
You will be given access to the courses in English according to your level of study, department,
academic background and English language competence.
Information about courses can be found online in the ECTS brochures in English
(http://www.luiss.edu/prospective-students/exchange-students/ects-course-catalogs).
◊ Course Enrolment and Classes – Master Degrees
►Which courses can I take?
You will be given access to the Master courses in the four Departments (offered in your period of
study), as long as you have:




a very good command of Italian/English language;
no time-table clashes because attendance of courses is compulsory.
For the Department of Law (five year degree course):


The first three years of study are equivalent to Bachelor Level.
The fourth and fifth years of study are equivalent to Master level.
Law students in their third year will be allowed to take fourth or fifth year courses if they have
a very good Italian language level.
LUISS.
Optional courses
Optional courses will be offered only if a sufficient number of students register for the courses.
If you choose them, make sure you enrol in a few extra courses.
The Department of Economics and Finance and the Department of Business and Management
offers many optional courses.
185
◊ Exams and the Italian Examination System
►How many courses should I take?
The average work load for LUISS students is about 30 ECTS credits per semester, including
language courses. Incoming students are advised not to take more than 24 credits. They can take
more if their language competence is very good.
Information about courses can be found in the ECTS brochures in English
http://www.luiss.edu/prospective-students/exchange-students/ects-course-catalogs.
at
All guest students must send a Learning Agreement (Programme of study) approved by the coordinator of the home University, before arrival.
From the beginning of classes, students will have a few days to select courses and make their
final choice. A course registration form must be presented to the Student Exchange Office of
LUISS, by the given deadline.
After the deadline it will not be possible to add or change courses.
►How do I register to sit an exam?
Guest students will be automatically registered for all the examination dates (Appelli) for all the
courses they have taken.
Please note: at the end of each exam students must always sign the examination register
(Verbale d’esame) which will also be signed by the professors. This is very important, otherwise
the grades will not be included into their transcripts of records.
Also, if an exam is failed it can be repeated the next following date in the exam session.
►When can I sit exams?
Bachelor and Master Degrees - Department of Economics and Finance, Department of
Business and Management: examination periods a. y. 2013-2014
Fall semester:
from 9 December to 20 December
from 7 January to 15 February
Spring semester:
from 19 May to 5 July
For each course, LUISS offers two or three examination dates (Appelli) during a long examination
period. Guest students will be automatically registered for all the examination dates (Appelli) of
all the courses they have chosen and indicated in the course enrolment form.
The official examination dates will be posted on-line at the end of each semester. You may
search the dates from www.luiss.it as follows:
DIDATTICA:  facoltà  area of study  CATTEDRE ONLINE:  name of the professor or of
the subject  cerca  date esami.
Exams can be taken only on the official dates. Therefore, students should make their travelling
arrangements according to the examination periods. The exact examination dates are decided by
the professors at the end of each semester.
186
►Are all the exams oral?
The Italian University system is based on oral exams although some courses may require written
work during the semester or a written exam before the final oral examination.
◊ Transcripts of Records
►When will I receive my transcript?
Original transcripts of records will be sent to both students and partner institutions after the end
of each examination session.
Students who come to LUISS for the whole academic year or for the second semester, will
receive the transcripts by mid-September. Since the examination session will finish at the end of
July and the University closes in August, the transcripts can only be issued by the Student Office
after the Summer break. Therefore, no exceptions can be made.
◊ The Student Exchange Office
►When can I contact the office?
Office Hours:
Morning:
from Monday through Friday, from 10.00 a.m. to 12.00 p.m.
Afternoon: Tuesday and Thursday, from 3.00 p.m. to 4.00 p.m.
Annamaria A. Ricciardi (Head of the Office):
Morning:
Afternoon:
from Monday to Friday, from 11.00 a.m. to 12.00 p.m.
Tuesday and Thursday, from 3.00 p.m. to 4.00 p.m.
In the Summer, from mid-June to mid-September, the Office is closed on Friday afternoons.
187
▌LUISS GUIDO CARLI – AREA MAP
LUISS Guido Carli – Main Campus: Viale Romania,32
Via di S.
Costanza,5
3
Via
Parenzo,1
1
To Viale
Romania,32
←
Viale
Pola,12
Via Parenzo,11:
-
Department of Law (Lecture
rooms, Student Office)
Viale Pola,12:
-
Administrative Offices
LUISS Business School
Viale Gorizia, 17:
- Students Union
- Sports Office
Via di S. Costanza, 53:
-
188
Library
Viale Romania,32 (Main Campus):
-
-
THE STUDENT EXCHANGE OFFICE
Presidency, Rectorate, Students Office
Departments of Economics and Finance,
Departments
of
Business
and
Management
and Department of
Political Science
Dining Hall
Orientation Office
Placement Office
Shuttle service
There is a minibus service that links the different university sites: Viale Romania 32, Viale
Gorizia 17, Via Parenzo 11 and Via di Santa Costanza 53.
Hours from Monday to Friday:
- from Viale Romania to other venues: hourly from 7.30 a.m. to 9.30 p.m.

HOW TO REACH THE UNIVERSITY SITES
The closest metro stations are: Piazza Bologna, B Line.
Buses from Termini Station: Line 36, Line 84 to Viale Pola, Via di S. Costanza, Via Parenzo,
Viale Gorizia.
Buses from Termini Station: Line 217, Line 360, Line 910 (stop in Viale Parioli) to Viale
Romania.
189

GENERAL COURSE STRUCTURE

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