ECTS. Business and Management Economics and Finance. Academic Year 2014/2015 ERASMUS+

Transcription

1 ECTS Business and Management Economics and Finance Academic Year 2014/2015 ERASMUS+

2 Edited by: The Student Exchange Office Viale Romania, Rome - Italy Rome, October

3 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 Bachelor Courses 23 - General Course Structure 27 - Description of courses 43 - Summary Table of Courses 94 - Prerequisites 105 Master s Courses - General Course Structure Description of courses Summary Table of Courses 175 The School of Management 187 Useful information for Guest students 188 How do I apply for a period of study at LUISS? Academic calendar 198 Exchange deadlines Academic Year LUISS Guido Carli and ECTS - Grading System 201 FAQ Frequently Asked Questions 202 LUISS Guido Carli Area Map 210 All information contained in the package, while true at the time of publication, is subject to modification and should therefore be checked appropriately. INTRODUCTION What is ECTS? 3

4 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 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 cooperation. The code of good practice proposed by ECTS 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 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 4

5 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. 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 5

6 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. 6

7 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 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 Second cycle Primary education: 5 years of schooling beginning at age 6; Secondary education (first degree): 3 years of schooling beginning at age 11. 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 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 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 29/30 = very good 30 e lode = Excellent 7

8 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 secondlevel 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. 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. 8

9 The courses last 2/3 years and include practical experience. Attendance is mandatory. The final examination is a defence of a written thesis. 9

10 LUISS GUIDO CARLI 1. NAME OF INSTITUTION LUISS - Libera Università Internazionale degli Studi Sociali Guido Carli, Rome, Italy. President Executive Vice President Rector General Manager Dott.ssa Emma Marcegaglia Dott. Luigi Serra Prof. Massimo Egidi Dott. Giovanni Lo Storto Head, Student Exchange Office for Student Mobility Dott.ssa Annamaria A. Ricciardi Student Exchange Office Viale Romania, Rome Italy Tel. +39/06/ Fax. +39/06/ relint@luiss.it Website: GENERAL DESCRIPTION Type 10

11 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 by a consortium of private and public companies, that reorganized 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. 2014/2015 (I year), is 9,000 for all Bachelors degrees and for the Single Cycle Master Degree in Law. The annual tuition fee for Master s Degrees is 10,000 (I year). Scholarships are granted to deserving students who meet certain income conditions. 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 11

12 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, Rome, tel.: ) now comprises: I. The Student Exchange Office: Viale Romania 32, Rome, tel.: /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, Rome, tel.: , economiaefinanza@luiss.it. 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, Rome, tel.: , impresaemanagement@luiss.it. 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, Rome, tel.: / , scienzepolitiche@luiss.it. 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, Rome, tel.: / , fax: , segreteria@luiss.it. The Student Office deals with enrolment and supplies students with all the necessary information. Opening hours are from 9.30 a.m. to 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, Rome, tel.: , orientamento@luiss.it. The Office is open from Monday to Friday. VI. The Computer Centre: Viale Romania, Rome, IT Services: tel.: / / , fax: ; Help Desk: tel.: , helpdesk@luiss.it. 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 universitywide 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 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). 12

13 b) The Department of Law (lecture rooms, Student Office): Via Parenzo 11, Rome. The Student Office is located on the Ground Floor of the building, tel.: , fax: , 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, Rome, tel.: ; fax: ; biblioteca@luiss.it) 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 e- journals. 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 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, Rome, tel.: ; fax.: ; diritto.studio@luiss.it. 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 Bachelor Degree academic year Fall semester September 15 * / September 22 December 6, 2014 * 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 15 Septmeber The other classes will begin on 22 September Spring semester February 16 May 16, 2015 The same academic year applies to the Single Cycle Degree in Law. There are four examination periods: from 11 December to 20 December 2014; from 7 January to 14 February, 2015; and from 18 May to 4 July 2015; from 31 August 2015 to 12 September 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 13

14 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: 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 2014/2015 total enrolment will be 1500 students: Economics and Finance 500 Business and Management Law 500 Political Science 200 Economics and Business 100 Politics, Philosophy and 200 Economics 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 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 2015/2016 academic year will be held on March 27, 2014 and September 5, 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 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 2015 passes, it will no longer be possible to enrol for the 2012/2013 academic year. 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, Rome, Italy) by and no later than July 2015: 14

15 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 2015 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 2015; privacy statement duly signed. B) MASTER S DEGREE In a.y. 2014/2015 the total number of places available for the Master s two-year degree courses will be about 860: Economics and Finance Business and Management Political Science about 640 about 220 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, 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; - 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

16 Within a week after graduation and in any case no later than 30 November 2015 enrolment must be formally completed in accordance with the following procedure: - fill out the enrolment form (online) (to which a 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, Rome); - print-out of the enrolment form duly signed (to which a 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 segreteria@luiss.it takes care of registration for Corsi Singoli. EXCHANGE STUDENTS ERASMUS+ PROGRAMME AND BILATERAL AGREEMENTS The Student Exchange Office (Viale Romania, Rome) deals with orientation and registration of students on exchange programmes (Erasmus+ and Bilateral Agreements). Every year, around the month of February, LUISS sends an info-package to every partner Institution by . 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. 16

17 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 or at 2.30 p.m. (Viale Romania, Rome - tel.: /642- fax: relint@luiss.it). 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. 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. 17

18 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: minute lessons for the beginners and intermediate level; 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. The main aim is to help the student reach a high standard of reading and writing skills. Extra curricular activities These include: 18

19 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 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.). 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 a.m. to a.m. at Viale Gorizia 17 (tel.: ; serviziosanitario@luiss.it). 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. 19

20 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

21 THE DEPARTMENTS DEPARTMENT OF ECONOMICS AND FINANCE Director: Professor Stefano Manzocchi DEPARTMENT OF BUSINESS AND MANAGEMENT Director: Professor Luigi Marengo 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. Economics and Business 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 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 21

22 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 DEPARTMENT OF BUSINESS AND MANAGEMENT: 1. Economics and Business Management Economia e Direzione delle Imprese 2. Management (in English) 3. Business Consulting Consulenza Aziendale DEPARTMENT OF ECONOMICS AND FINANCE: 4. Economics and Finance Economia e Finanza Each degree course consists of 120 credits. Didactic activity is organized in semesters. 1. Economics and Business Management 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 Marketing Marketing Administration Finance and Control (only first a.y ) Amministrazione Finanza e Controllo Corporate Finance (II a.y ) Finanza Aziendale 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 22

23 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 Management Corporate Finance Innovation and Entrepreneurship Luxury and Fashion and the creative industries 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. 4. Economics and Finance 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: Economics and Finance Economia e Finanza Finance (in English) Economics (in English) Banche e Intermediari Finanziari 23

24 Banks and Financial Intermediaries 24

25 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:

26 Economics and Management FIRST YEAR (First year courses common to all majors) Fall semester Credits BUSINESS ADMINISTRATION 8 Economia Aziendale ITALIAN PRIVATE LAW 8 Diritto privato MATHEMATICS 8 Matematica Spring semester HISTORY OF ECONOMICS AND BUSINESS Storia dell economia e dell impresa Credits 8 PUBLIC ECONOMIC LAW 8 Diritto pubblico dell Economia COMPUTER SCIENCE Informatica 6 MICROECONOMICS 8 Microeconomia SECOND YEAR (Second year courses common to all majors)

27 Fall semester Credits FINANCIAL MATHEMATICS 8 Matematica Finanziaria MACROECONOMICS 10 Macroeconomia ACCOUNTING 8 Contabilità e bilancio Spring Semester INDUSTRIAL ECONOMICS Economia Industriale Credits 8 BUSINESS LAW 8 Diritto Commerciale STATISTICS 8 Statistica MANAGEMENT 8 Economia e Gestione delle Imprese 27

28 THIRD YEAR MAJOR IN INDUSTRIAL ECONOMICS AND FINANCIAL INTERMEDIARIES Fall semester Credits Spring Semester Credits BANKING LAW 8 Diritto Bancario 8 MANAGEMENT 8 ECONOMICS OF FINANCIAL MARKETS AND INTERMEDIARIES Economia dei mercati e degli intermediari finanziari Economia e gestione delle imprese INDUSTRIAL ECONOMICS 8 Economia industriale CORPORATE FINANCE 8 Finanza Aziendale Learning Activities Credits ELECTIVE COURSE 16 OTHER ACTIVITIES (internships, computer skills ) 4 FOREIGN LANGUAGE 6 FINAL EXAM (Graduation Thesis ) 4 Elaborato finale THIRD YEAR MAJOR IN COMPANY ADMINISTRATION, FINANCE AND CONTROL 28

29 Fall semester Credits Spring Semester Credits MANAGEMENT CONTROL 8 Controllo di gestione ECONOMICS OF FINANCIAL MARKETS AND INTERMEDIARIES Economia dei mercati e degli intermediari finanziari 8 MANAGEMENT Economia e Gestione delle Imprese 8 BUSINESS INFORMATION SYSTEMS Organizzazione dei sistemi informativi aziendali 8 CORPORATE FINANCE 8 Finanza Aziendale Learning Activities ELECTIVE COURSE 16 Credits OTHER ACTIVITIES (internships, computer skills ) 4 FOREIGN LANGUAGE 6 FINAL EXAM (Graduation Thesis ) 4 Elaborato finale THIRD YEAR MAJOR IN MANAGEMENT 29

30 Fall semester Credits Spring Semester Credits CORPORATE FINANCE 8 Finanza Aziendale INDUSTRIAL ECONOMICS 8 Economia Industriale BUSINESS ORGANIZATION Organizzazione Aziendale 8 Learning Activities Credits ELECTIVE COURSE 16 OTHER ACTIVITIES (internships, computer skills ) 4 FOREIGN LANGUAGE 6 FINAL EXAM (Graduation Thesis ) 4 Elaborato finale 30

31 THIRD YEAR MAJOR IN MARKETING Fall semester Credits Spring Semester Credits CORPORATE FINANCE 8 Finanza Aziendale SERVICE MARKETING 8 MARKETING 8 Marketing Marketing dei Servizi Learning Activities Credits ELECTIVE COURSE 16 OTHER ACTIVITIES (internships, computer skills ) 4 FOREIGN LANGUAGE 6 FINAL EXAM (Graduation Thesis ) 4 Elaborato finale 31

32 Elective courses The following Bachelor courses will be activated with a minimum of 20 students. Economics and Management COURSE CREDITS SEMESTER PROFESSOR MANAGEMENT 8 Spring Maria Federica Izzo CONTROL ENERGY ECONOMICS 6 Fall Carlo Andrea Bollino ECONOMICS AND 8 Spring Donato Iacovone MANAGEMENT OF PUBLIC UTILITIES MONETARY AND 8 Spring Giorgio Di Giorgio CREDIT ECONOMICS ENERGI ECONOMCIS 8 Fall Carlo Andrea Bollino ENTREPRENEURSCHIP, INNOVATION AND 8 Spring Andrea Prencipe, Vangelis Souitaris TECHNOLOGY HISTORY OF 8 Fall Luca Fiorito ECONOMIC THOUGHT AND POLICY INTERNATIONAL ECONOMICS 8 Spring Stefano Manzocchi LAW AND ECONOMICS To be assigned INDUSTRIAL 8 Fall Gian Luca Gregori MARKETING METHODOLOGY OF 8 Fall Lorenzino Infantino 32

33 SOCIAL SCIENCES MARKETS AND 8 Spring Maria Giovanna Devetag STRATEGIES MONEY AND BANKING 8 Fall Paolo Paesani NEW MEDIA AND 8 Spring Alfonso Maria Papa TECHNOLOGY LAW AUDITING AND PROFESSIONAL SKILLS PSYCHOLOGY AND ECONOMICS HUMAN RESOURCES ORGANIZATION AND MANAGEMENT HISTORY OF ECONOMIC THOUGHT STOCK MARKETS TECHNIQUES HISTORY OF CORPORATIONS AND CORPORATE ORGANIZATIONS Malatesta 8 Spring Antonio Chirico 8 Spring Cristiano Caslterfranchi 8 Fall Gabriele Gabrielli 8 Spring Giuseppe Di Taranto 8 Spring To be assigned 8 Spring To be assigned 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

34 34

35 Economics and Business FIRST YEAR Economics and Business Fall semester Credits INTRODUCTION TO BUSINESS ECONOMICS 8 PRINCIPLES OF ECONOMICS 8 MATHEMATICS 1 10 Spring semester Credits ACCOUNTING 8 STATISTICS 8 MICROECONOMICS 8 PRINCIPLES OF CIVIL LAW 6 35

36 SECOND YEAR Economics and Business Fall Semester Credits MACROECONOMICS 8 MANAGEMENT 8 APPLIED STATISTICS AND ECONOMETRICS 8 FINANCIAL ECONOMICS (MARKETS, INTERMEDIARIES, REGULATIO) 8 Spring Semester Credits LAW AND ECONOMICS (CORPORATE AND BUSINESS LAW, ANTITRUST AND REGULATION) 12 GAMES AND STRATEGIES 8 MATHEMATICAL FINANCE 8 36

37 THIRD YEAR Economics and Business Fall semester Credits INFORMATION SYSTEMS 6 CORPORATE FINANCE 8 GAMES AND STRATEGIES 8 ECONOMIC GROWTH AND DEVELOPMENT 8 Learning activities Credits ELECTIVES** 16 FINAL EXAM (Graduation Thesis) 4 OTHER ACTIVITIES* 10 LANGUAGES 6 INTERNSHIP 4 * 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. 37

38 ELECTIVE ** Credit (Students must choose 2 subjects out of the following:)) BUSINESS ORGANIZATION 8 MARKETING 8 ECONOMIC AND BUSINESS HISTORY 8 INTERNATIONAL ECONOMICS 8 PUBLIC ECONOMICS 8 MONEY AND BANKING 8 INTRODUCTION TO ASSET PRICING AND DERIVATIVES 8 38

39 Elective courses ** The following Bachelor courses will be activated with a minimum of 20 students Economics and Business COURSE CREDITS SEMESTER PROFESSOR ASSET PRICING AND COMMODITIES BUSINESS ORGANIZATION ENTREPRENEURSHIP, INNOVATION AND TECHNOLOGY EUROPEAN ECONOMIC HISTORY AND POLICIES HISTORY OF ECONOMIC THOUGHT AND POLICY INTERNATIONAL ECONOMICS To be assigned 8 Spring Dandi Roberto 8 Spring Prencipe Andrea, Souitaris Vangelis To be assigned 8 Fall Fiorito Luca 8 Spring Manzocchi Stefano MARKETING 8 Fall Marcati Alberto MONEY AND BANKING 8 Fall Paesani Paolo 39

40 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

41 DESCRIPTION OF COURSES (Alphabetical Order) KEY Bachelor Courses Economics and Management 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 AUDITING, ETHICS AND PROFESSIONAL SKILLS Spring semester; 72 lectures; 6 hrs per week; 8 credits; elective - Business auditing: characteristics, classification, subject matter and aims. - The legal regulation of the statutory auditing of accounts. - The system of internal controls: relationship between the board of statutory auditors, internal auditing and statutory auditing of accounts. - Auditing principles: structure, analysis and comment. - The process of auditing statutory financial statements: techniques and documentation. - Special transactions as regards their main economic, business, civil, accounting and tax aspects: transfers, splits, mergers, transformations, liquidation and lease of a business. - Professional conduct and ethics associated with practising as a certified public accountant or accounting expert. Prerequisites: Other activities: Professor: Basic knowledge of Management and Accounting Practical works Written and oral exam Chirico L. MARCHI, REVISIONE AZIENDALE E SISTEMI DI CONTROLLO INTERNO, GIUFFRE', Milano, 2012 L. POTITO, Le operazioni straordinarie nell'economia delle imprese. 4a ed. rivista ed ampliata Giappichelli, Torino, 2013 Other materials provided during the course. 2 E3-BL2-B: BANKING LAW Fall semester; 72 lectures; 6 hrs per week; 8 credits; 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

42 for banking undertakings. Rules of conduct. Customer protection. Financial crisis and sovereign debt crisis. Topical issues. Prerequisites: Other activities: Professor: Italian Private Law practical work, seminars (guest speakers) oral exam Pellegrini 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; chap. XVII). AA.VV., La rivalutazione del capitale della Banca d Italia, a cura di Capriglione e Pellegrini, Cedam, 2014, inly those parts indicated by the lecturer during classes. 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. Other activities: Professor: Case studies, guest speakers written (60%) and oral (40%) exam Musaio C. Caramiello, L'azienda, Milano, Giuffrè, 1993; 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, Materials will be provided during the semester. 3b E1-BA4b-B: BUSINESS ADMINISTRATION Fall semester; 72 lectures; 7 hrs per week; 8 credits 42

43 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. 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. Other activities: Case studies, guest speakers written and oral exam 43

44 Professor: Fiori Caramiello C., L azienda (alcune brevi riflessioni introduttive), Giuffré, Milano, Cavalieri E., Lezioni di economia aziendale, Roma, Kappa, Fiori G., Corporate governance e qualità dell infromazione esterna d impresa, Milano, Giuffré, 2003 or Fiori G., Tiscini R., Economia Aziendale, Egea, c E1-BA4c-B: BUSINESS ADMINISTRATION Fall semester; 72 lectures; 7 hrs per week; 8 credits 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: Professor: case studies, seminars, guest speakers written and oral exam Di Lazzaro Caramiello C., Capitale e reddito, Giuffré, Milano, 1993; Caramiello, L azienda, Giuffré, 1993; Di Lazzaro F., La performance del valore, Giappichelli, 2003; Di Lazzaro, Malagrinò, Esercizi svolti di economia aziendale, Giappichelli, Other material provided during the semester. 3d E1-BA4d-B: BUSINESS ADMINISTRATION Fall semester; 72 lectures; 7 hrs per week; 8 credits 1) Introduction to business administration 2) Governance, strategies, administration, organization 44

45 3) Introduction to accounting 4) Introduction to corporate performance analysis Other activities: Professor: case studies, seminars, guest speakers written and oral exam Incollingo Caramiello C., L azienda (alcune brevi riflessioni introduttive), Milano, Giuffrè, Cavalieri E., Economia aziendale,vol. I, Roma, Giappichelli, Potito L. (a cura di), Economia Aziendale, seconda edizione, Giappichelli, Other materials provided during the semester. 4a E2-BL5a/b/c/d-B: BUSINESS LAW Spring semester; 72 lectures; 7 hrs per week; 8 credits Rules governing enterprises in general, companies, credit instruments and insolvency proceedings. Prerequisites: Professor: Italian Private Law oral exam Farenga V. Buonocore, Manuale di diritto commerciale, Giappichelli, Torino, X edizione, b E2-BL5a/b/c/d-B: BUSINESS LAW Spring semester; 72 lectures; 7 hrs per week; 8 credits 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: 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, or F. FERRARA jr. - F. CORSI, Gli imprenditori e le società, Milano, Giuffrè Editore, PARTE SPECIALE: L. DE ANGELIS, Elementi di diritto contabile. Disciplina civilistica e principi contabili internazionali, II ed., Milano, Giuffrè Editore, c 45

46 E2-BL5a/b/c/d-B: BUSINESS LAW Spring semester; 72 lectures; 7 hrs per week; 8 credits The entrepreneur. The 'statute' of the commercial entrepreneur. The business. Trademarks. Consortia. Competition law. Credit instruments. Banking contracts. Insolvency proceedings. Partnerships. Joint stock companies. Limited liability companies. Partnerships limited by shares. Cooperative societies. Prerequisites: Professor: Italian Private Law oral exam Lener Textbooks Associazione Disiano Preite, Il diritto delle società, Il Mulino, Bologna, latest edition. G.F. Campobasso, Manuale di diritto commerciale, Utet, latest edition. 4d E2-BL5a/b/c/d-B: BUSINESS LAW Spring semester; 72 lectures; 7 hrs per week; 8 credits 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: Professor: Italian Private Law oral exam Macrì Gian Franco Campobasso, Manuale di Diritto Commerciale, fifth edition, latest edition. 5a E2-BO6a/b/c-B: BUSINESS ORGANIZATION Spring semester; 72 lectures; 7 hrs per week; 8 credits 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. 46

47 Other activities: Discussion, guest speakers written exam (40%) oral exam (40%), team work (20%) Professor: Casalino Jones G.R., Organizzazione. Teoria, progettazione, cambiamento, Egea, 2012 o, in alternativa, Daft R.L., Organizzazione Aziendale, 5 ed., Maggioli-Apogeo, 2014 Casalino N., Piccole e Medie Imprese e Risorse Umane nell Era della Globalizzazione, Cedam, Padova, 2012 Other materials on: or handed out in class. 5b E2-BO6a/b/c-B: BUSINESS ORGANIZATION Spring semester; 72 lectures; 7 hrs per week; 8 credits The theories of organisational design. The elements of organisational design. Objectives of organisational design. The division of labour. Coordination models. The levels of organisational design. The structural dimensions of organisational design. Strategy, organisational design and efficiency. Fundamental elements of organisational structure. Structural models. Case studies. Personnel evaluation. Career planning. Remuneration plans. Management by objectives. Other activities: Professor: Case studies, team works written and oral exam Cicchetti Daft, R.L. Organizzazione Aziendale, Apogeo (Chapters 1, 2, 3,4) Cicchetti, A La progettazione organizzativa, Franco Angeli, Milano (chap. 1, 2) Costa e Giannecchini, Risorse umane, McGraw Hill (Chapters 1, 12 e 13) 5c E2-BO6d-B: BUSINESS ORGANIZATION (in English) Spring semester; 60 lectures; 7 hrs per week; 8 credits What is a business organization, Business organization design variables and design principles, Business organization and the environment, The business organization design process, Designing Macro-Structures, Designing inter-organizational linkages, Designing Micro-Structures, Designing vertical and horizontal linkages, Planning human resources Other activities: Case studies, guest speakers written and oral exam Professor: Dandi "Organisation design. Re-defining comlex systems" by Nicolay Worren (Pearson). 47

48 6a/b/c E1-CS7a-B: COMPUTER SCIENCE Fall semester; 48 lectures; 7 hrs per week; 6 credits The course consists of a theoretical part (traditional lectures) and a practical part (lessons in the computer room). The theoretical part reflects the content of the syllabi of the OPERATE module of the EUCIP Core certification and the EUCIP IT Administrator Fundamentals module ( There follows a description of the content of each part. Theoretical part - Hardware components and architecture. - Operating systems and software applications. - Networks and protocols. - Network and web services. - Data storage, Data Base and DBMS. - Applications, user interfaces and the Web. - Computer security. - IT and organisations. Practical part - Word processing. - Spreadsheets. - Databases. - Presentation creation software. Other activities: Professors: Practical work oral exam Za, Italiano, Bernaschi Za: 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 2013 Other materials will be provided on the e-learning platform (CeRSI: Italiano: 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 Other materials will be provided on the e-learning platform (CeRSI: Bernaschi: 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 2011 Other materials will be provided on the e-learning platform (CeRSI: 7a E3-CF8a-B: CORPORATE FINANCE Spring semester; 70 lectures; 7 hrs per week; 8 credits 1. The role of corporate finance. 2. Financial analysis and planning. 48

49 3. A closer look at current value. a. Current value and opportunity costs of capital. b. Value of shares. c. Investment decisions. 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: Professor: Accounting, Financial Mathematics practical work, cases analysis, individual project written exam (optional oral exam) Cervellati R. Brealey, S. Myers, S. Sandri, Principi di Finanza Aziendale, McGraw Hill Libri Italia, b E3-CF8b-B: CORPORATE FINANCE Fall semester; 72 lectures; 7 hrs per week; 8 credits 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. 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: Professor. Accounting, Financial Mathematics practical work, cases analysis, individual project written exam Spisni Brealey R. A, Myers S.C., Sandri S., Principi di finanza aziendale, 6 ED, McGraw-Hill, Milano,

50 7c/d E3-CF8c/d-B: CORPORATE FINANCE Fall semester; 72 lectures; 7 hrs per week; 8 credits 1. The role of corporate finance. 2. Financial analysis and planning. 3. A closer look at current value. d. Current value and opportunity costs of capital. e. Value of shares. f. Investment decisions. 4. Risk and capital budgeting. d. Risk and yield. e. Risk and capital budgeting. f. Problems with capital budgeting. 5. Financing decisions. 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: Professor: Accounting, Financial Mathematics practical work, cases analysis, individual project written (optional oral exam) Oriani, Bozzi Brealey R. A, Myers S.C., Sandri S., Principi di finanza aziendale, 6 ED, McGraw-Hill, Milano, E3-EGD9-B: ECONOMIC GROWTH AND DEVELOPMENT (in English) Spring semester; 72 lectures; 6 hrs per week; 8 credits; elective 1. Introduction. 2. Global Economic Growth. 3. Convergence and Divergence of output across countries. 4. Economic growth in Italy. Prerequisites: Professor: Basic knowledge in Macroeconomics problem sets and final exam Zeira/Battisti Weil, David. Economic Growth. 9 ENERGY ECONOMICS (in English) Fall semester; 72 lectures; 7 hrs per week; 8 credits; elective The program is divided into four parts. The first and the second part focus upon a deepening of the economic theory needed to understand the operation of the energy system. The third part 50

51 deals with the general analysis of the energy system in a systematic way: demand, supply, costs, organization of markets, institutional interventions and regulation. In the fourth part there is a deeper analysis of special topics related to international markets and the energy and environmental policies. Class discussion is aimed at enlightening some ideas of the current literature for further reading. Other activities: team works, business games written exam % 50 oral exam % 30 team work % 20 Professor: Bollino Required reading: C.A. Bollino, L energia Follia mondiale, Rubbettino,Roma, 2010 Pireddu G., Economia dell energia. I fondamenti, Biblioteca delle Scienze, Pavia, Bhattacharyya, Subhes C., Energy Economics, Concepts, Issues, Markets and Governance, Springer Verlag Editor, 2011, XXVI, 721p. Suggested readings: Clò A., Il rebus enegetico, Il Mulino Contemporanea, Bologna, Stiglitz J. E., Economia del settore pubblico, Vol. I, Milano, Hoepli, Salvatore Carollo, C era una volta il prezzo del petrolio, Milano, Scheiwiller, 2009 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, a ECONOMICS OF FINANCIAL MARKETS AND INSTITUTIONS Spring semester; 72 lectures; 7 hrs per week; 8 credits; Outline of the theory of financial intermediation. Interest rates and valuation of debt securities. European Central Bank and monetary union. Financial markets: money markets, bonds, shares, currency and derivatives. Banks: business, regulation and statutory financial statements. Other financial intermediaries. The risks of financial intermediation: I and II pillar risks. Basel 2 and 3 rules. Other activities: Professor: Case studies, role playing oral exam Cerri 51

52 Anthony Saunders, Marcia Millon Cornett, Mario Anolli, Barbara Alemanni Economia degli Intermediari finanziari Mc Graw-Hill Terza Edizione b ECONOMICS OF FINANCIAL MARKETS AND INSTITUTIONS Spring semester; 72 lectures; 7 hrs per week; 8 credits; - 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. Other activities: Professor: Guest speakers written exam Comana Anthony Saunders, Marcia Millon Cornett, Mario Anolli, Barbara Alemanni, Economia degli intermediari finanziari, Mc Graw Hill, Terza edizione, c ECONOMICS OF FINANCIAL MARKETS AND INSTITUTIONS Spring semester; 72 lectures; 7 hrs per week; 8 credits; - 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. Other activities: Professor: Practical work, guest speakers written exam Pallini Anthony Saunders, Marcia Millon Cornett, Mario Anolli, Barbara Alemanni, Economia degli intermediari finanziari, Mc Graw Hill, Terza edizione, d ECONOMICS OF FINANCIAL MARKETS AND INSTITUTIONS Spring semester; 72 lectures; 7 hrs per week; 8 credits; - 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. Other activities: Practical work, guest speakers 52

53 Professor: oral exam Previtali Anthony Saunders, Marcia Millon Cornett, Mario Anolli, Barbara Alemanni, Economia degli intermediari finanziari, Mc Graw Hill, Terza edizione, ENTREPRENEURSHIP, INNOVATION AND TECHNOLOGY (in English) 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 Prerequisites: Other activities: Professors: Basics of Business Administration and Microeconomics Participation/short presentation and written exam Case studies Prencipe Papers as indicated per each session. 12a E2-FM16a-B: FINANCIAL MATHEMATICS Fall semester; 72 lectures; 7 hrs per week; 8 credits 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: Professor: Mathematics practical work written and oral exam Olivieri Bortot, Magnani, Olivieri, Rossi, Torrigiani, Matematica finanziaria, 1998, Ed. Monduzzi. 53

54 Iodice - "Compendio di Matematica Finanziaria" (Simone Editore - IV ed ); Other materials will also be provided during the semester. 12b E2-FM16b-B: FINANCIAL MATHEMATICS Fall semester; 72 lectures; 7 hrs per week; 8 credits 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: Professor: Mathematics practical work 60% written and 40% oral exam De Angelis 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, c E2-FM16c-B: FINANCIAL MATHEMATICS Fall semester; 70 lectures; 7 hrs per week; 8 credits 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: Professor: Mathematics practical work 50% written and 50% oral exam Mottura G.Castellani, M.De Felice, F. Moriconi, Manuale di finanza, Vol. I, Tassi di interesse. Mutui e obbligazioni, Il Mulino, 2005, Bologna 54

55 12d E2-FM16d-B: FINANCIAL MATHEMATICS Fall semester; 72 lectures; 7 hrs per week; 8 credits 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: Professor: Mathematics practical work written and oral exam Fersini Bortot, Magnani, Olivieri, Rossi e Torrigiani - "Matematica Finanziaria" (Monduzzi Editore - II ed ); Iodice - "Compendio di Matematica Finanziaria" (Simone Editore - IV ed ); Materiale fornito dal Docente. 13a/b/c/d E1-HEB19-B: HISTORY OF ECONOMICS AND BUSINESS Spring semester; 72 lectures; 7 hrs per week; 8 credits; The course focuses on the analysi of the world economic developement, from Malthus model to contemporary globalization. Other activities: Professor: seminars oral exam Di Taranto, Ferrandino, Lepore, Farese De Simone Ennio, Storia economica. Dalla rivoluzione industriale alla rivoluzione informatica, FrancoAngeli, Milano, Di Taranto Giuseppe, La globalizzazione diacronica, Giappichelli, Giuseppe Di Taranto, L Europa tradita, Roma, Luiss University Press, HISTORY OF CORPORATIONS AND CORPORATE ORGANIZATION Fall semester; 72 lectures; 7 hrs per week; 8 credits; elective The Italian industry from the aftermath of the Second World War to current times, in the national economic system and in the international scenario. Other activities: team works, case studies Oral exam 55

56 Professor: -- V. Castronovo, Storia economica d Italia. Dall Ottocento ai giorni nostri, Einaudi, Torino 2013, chapters V, VI, VII and conclusions. 15 E3-HET20-B: HISTORY OF ECONOMIC THOUGHT Spring semester; 72 lectures; 7 hrs per week; 8 credits; elective 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: Professor: seminars oral exam Di Taranto A. Roncaglia, La ricchezza delle idee. Storia del pensiero economico, Roma-Bari, Laterza, a/b/c/d E3-HEBO21-B: HISTORY OF ECONOMICS AND BUSINESS Spring semester; 72 lectures; 7 hrs per week; 8 credits; elective The analysis of the global economics development, from classic model to contemporary globalization. Other activities: Professor: seminars oral exam Di Taranto, Ferrandino, Lepore, Farese Giuseppe Di Taranto, La globalizzazione diacronica, Torino, G. Giappichelli Editore, Ennio De Simone, Storia Economica. Dalla rivoluzione industriale alla rivoluzione informatica, Milano, FrancoAngeli, Giuseppe Di Taranto, L Europa tradita, Roma, Luiss University Press, E3-HuROM22-B: HUMAN RESOURCES ORGANISATION AND MANAGEMENT Fall semester; 72 lectures; 7 hrs per week; 8 credits; elective 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 56

57 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: Professor: case study, seminars, role playing, business games, team works, guest speakers oral exam Gabrielli Gabrielli Gabriele, People Management, Teorie e pratiche per una gestione sostenibile delle persone, FrancoAngeli, Milano a/b/c/d E3-IE23a/b/c/d-B: INDUSTRIAL ECONOMICS Fall semester; 72 lectures; 7 hrs per week; 8 credits 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. 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 ( ). 20. Crisis in productivity and growth ( ). 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: Microeconomics seminars, written exam (60%) and oral exam (40%) (Sardi, Pozzi) written exam (65%) oral exam (35%) (Paniccia) 57

58 Professor: written exam (70%) oral exam (30%) (Quaglione) class work (20%) written test (60%) oral exam (20%) (Martoccia) written and oral exam (Giardino-Karlinger) written exam (70%) oral exam (30%) (Muscio) Paniccia, Surdi, Pozzi, Quaglione, Martoccia, Muscio, Giardino-Karlinger Prof. Paniccia C. Scognamiglio Pasini, Economia Industriale, LUISS University Press, 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, latest edition. Prof. Pozzi: Carlo Scognamiglio Pasini (CSP.), Economia Industriale, LUISS University Press, 2012, only the indicated chapters. Dennis W. Carlton e Jeffrey M. Perloff (CP.), Organizzazione industriale, McGraw-Hill, 2013, only the indicated chapters. Bianchi, P. e C. Pozzi, (2010) Le politiche industriali alla prova del futuro, Il Mulino, Bologna, cap. 1. Pozzi, C., Quaglione, D. e A. Sarra (2013), L industria della carta in Italia tra globalizzazione e politiche industriali, il Mulino, chapp 1 e 3. Chang, H.J. (2011), Industrial Policy: Can We Go Beyond an Unproductive Confrontation?, in J. Lin e B. Pleskovic, (ed.), Annual World Bank Conference on Development Economics 2010, Global: Lessons from East Asia and the Global Financial Crisis, World Bank, Washington, DC. Chang, H.J. (2008), Cattivi Samaritani. Il mito del libero mercato e l'economia mondiale, UBE, Milano. Gobbo, F. e C. Pozzi (2005), Liberalizzazione e politica industriale, Economia e Politica Industriale, n. 2, Franco Angeli, Milano. Gobbo, F. e C. Pozzi (2007), Privatizzazioni: economia di mercato e falsi miti, Economia italiana, n. 3, Roma. Prof. Surdi: Carlo Scognamiglio Pasini, Economia Industriale, LUISS University Press, Dennis W. Carlton e Jeffrey M. Perloff (CP.), Organizzazione industriale, McGraw-Hill, 2013, the chapters as indicated. Prof.ssa Giardino-Karlinger: Carlo Scognamiglio Pasini (CSP.), Economia Industriale, LUISS University Press, 2012, per i capitoli segnalati. Dennis W. Carlton e Jeffrey M. Perloff (CP.), Organizzazione industriale, McGraw-Hill, 2013, per i capitoli segnalati. Bianchi, P. e C. Pozzi, (2010) Le politiche industriali alla prova del futuro, Il Mulino, Bologna, cap. 1. Pozzi, C., Quaglione, D. e A. Sarra (2013), L industria della carta in Italia tra globalizzazione e politiche industriali, il Mulino, chapp 1 e 3. Chang, H.J. (2011), Industrial Policy: Can We Go Beyond an Unproductive Confrontation?, in J. Lin e B. Pleskovic, (ed.), Annual World Bank Conference on Development Economics 2010, Global: Lessons from East Asia and the Global Financial Crisis, World Bank, Washington, DC. Chang, H.J. (2008), Cattivi Samaritani. Il mito del libero mercato e l'economia mondiale, UBE, Milano. Gobbo, F. e C. Pozzi (2005), Liberalizzazione e politica industriale, Economia e Politica Industriale, n. 2, Franco Angeli, Milano. 58

59 Gobbo, F. e C. Pozzi (2007), Privatizzazioni: economia di mercato e falsi miti, Economia italiana, n. 3, Roma. Prof. Muscio, prof. Quaglione: Carlo Scognamiglio Pasini (CSP.), Economia Industriale, LUISS University Press, Dennis W. Carlton e Jeffrey M. Perloff (CP.), Organizzazione industriale, 3 edizione, McGraw-Hill, INDUSTRIAL MARKETING Fall semester; 72 lectures; 7 hrs per week; 8 credits; elective 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. Professor: Oral exam Gregori R. Fiocca, I. Snehota, A. Tunisini, Marketing business to business, McGraw-Hill, Milano, Saranno inoltre indicate alcune letture integrative. 20 E3-IEF24-B: INTERNATIONAL ECONOMICS (in English) Spring semester; 70 lectures; 7 hrs per week; 8 credits; elective Introduction to the theory of international trade: facts and models. Macroeconomics. Open-economy Prerequisites: Professor: Microeconomics, Macroeconomics written exam Manzocchi Paul R. Krugman Maurice Obstfeld Marc Melitz, International Economics: Global Edition (9e) 2010 Pearson Higher Ed USA 21a/c E1-IPL25a/b/c/d-B: ITALIAN PRIVATE LAW Fall semester; 70 lectures; 7 hrs per week; 8 credits 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. - Individual legal rights and mere factual situations considered by law. - Legal events and acts. - Public notice of legal events. 59

60 - 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: Professor: seminars, practical work, guest speakers oral exam Pardolesi, Di Ciommo Prof. Pardolesi F. Di Ciommo, Manuale di diritto privato, Giappichelli Editore, Torino, 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, E. Roppo, Manuale di diritto, Editio minor, Giappichelli Editore, Torino, Other materials on law cases will be provided. 21b/d E1-IPL26a/b/c/d-B: ITALIAN PRIVATE LAW Fall semester; 72 lectures; 7 hrs per week; 8 credits 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. 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: Professor: seminars, practical work, guest speakers oral exam written tests during the semester Carleo, Di Gravio 60

61 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, 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). 22a/d E3-MEP28b-B: MACROECONOMICS Spring semester; 70 lectures; 7 hrs per week; 8 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. Professor: Other activities: Practical works Written exam Reichlin, Nisticò 61

62 N. G. Mankiw, M. Taylor, Macroeconomia, quinta edizione, Zanichelli 22b E3-MEP28b-B: MACROECONOMICS Spring semester; 70 lectures; 7 hrs per week; 8 credits 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. Professor: Prerequisites: Practical works, Written exam Microeconomics, Mathematics Pandimiglio Mankiw, N.G, Taylor, M. P. Macroeconomia, 2011 ed. Zanichelli 22c E3-MEP28b-B: MACROECONOMICS Spring semester; 70 lectures; 7 hrs per week; 8 credits (1) Introduction to macroeconomics, definition, measurement and analysis of data. (2) Market for goods and market for money: the IS-LM model. (3) The labour market. (4) The aggregate demand and aggregate supply curve: the AD-AS model. (5) The natural rate of unemployment and the Phillips curve. (6) Money and inflation. (7) Economic growth. (8) Open economies in the short term and the various foreign exchange systems. (9) Financial crises: causes and consequences. Professor: Prerequisites: Micronoeconomics Written exam Vallanti Macroeconomia, una prospettiva europea, di Blanchard, Amighini e Giavazzi, edizione 2011, ed. il Mulino Esercizi di macroeconomia. Guida allo studio del testo di Olivier Blanchard di D. W. Findlay, ed. il Mulino. 23a/b MANAGEMENT 62

63 Spring semester; 72 lectures; 7 hrs per week; 8 credits; 1. The firm as a system and the importance of its relationship with the environment. - Environmental conditions and business performance. - Analysis of the external environment (and forces of competition). - The concept of strategic grouping. - The contents of the competitive environment and the tools for business analysis. 2. The firm as an ensemble of resources. - Important resources and competencies. - Strategy based on resources. 3. Competitive strategies. - Competitive advantage. - Competitive strategies. 4. Strategic planning. - Corporate planning. - Business planning - Planning at functional level. 5. Business functions. - Management of operations. - Innovation as a strategic function. - Marketing. - Finance and value creation. Professor: Written and oral exam Pirolo, Peruffo, Leone Prof. Pirolo: To be provided by the lecturer. Prof. Peruffo and Prof.ssa Leone: Fontana F., Caroli M. G., Economia e Gestione delle Imprese, McGraw-Hill 23a MANAGEMENT Spring semester; 72 lectures; 7 hrs per week; 8 credits; The course introduces students to the concept of the firm as system and ensemble of resources, after which the concept of strategy will be introduced followed by an examination of the various approaches to business strategy. There will then be some lectures dedicated to the topic of competitive advantage, after which the management of business functions will be analysed. Professor: Midterm and final exam Ferretti Libro di testo: Fontana, F., Caroli, M. Economia e gestione delle Imprese, McGraw-Hill 4/ed.Lezioni, casi aziendali, testimonianze. 63

64 23a/c MANAGEMENT Spring semester; 72 lectures; 7 hrs per week; 8 credits; The concept of strategy. Tools for strategic analysis. Sectoral analysis. Analysis of resources and competencies. Forms of organisation and implementation of strategy. Competitive advantage. Corporate and business strategies. Strategic change. Technology and innovation management. Strategic marketing. Professor: Written and optional oral exam Marino, Cairoli ROBERT M. GRANT L'analisi strategica per le decisioni aziendali. Il Mulino 23d MANAGEMENT Spring semester; 72 lectures; 7 hrs per week; 8 credits; This is a course on the basics of management. As it is the first course for students of the 3-year bachelor s degree programme, the principles of business management are introduced commencing from the business models and theories referred to in courses on political economy. In any event, the main contents are: the firm as viewed within the framework of socio-economic and competitive systems; the processes of strategic and business analysis and management, especially innovation; and management of the main business functions including marketing, finance, production, R&D and human resources. Finally, special emphasis is placed on the systems and processes for measuring performance as well as on economic-financial, strategic, organisational and commercial ones. Professor: Written exam (75%) team work (25%) Costabile Fontana F., Caroli M.G., (a cura di), Economia e Gestione delle Imprese, McGraw-Hill, 2012 (libro di testo) 23d MANAGEMENT Spring semester; 72 lectures; 7 hrs per week; 8 credits; 1. Business system. 2. The competitive environment. 3. Resources and distinctive competencies in the business system. 4. Institution-based view. 5. Business strategy. 6. Business model and blue ocean strategy. 7. Organisational theory, structure and network strategies. 8. Marketing; 9. Innovation management and operations. 10. Economic evaluation of strategies. Midterm and final written and oral exam 64

65 Professor: Brunetta Economia e gestione delle imprese (a cura di) F. Fontana e M. Caroli: McGraw-Hill, quarta edizione, Materials provided in the course of the classes. 24a/b MANAGEMENT CONTROL Fall semester; 72 lectures; 7 hrs per week; 8 credits; elective Instruments and process of business control. Focus on budget, reporting and costs analysis. Other Activities: lectures, seminars, team work, guest speakers written exam 60 %, oral exam 40 % (Musaio) Written exam (50%) oral exam (50%) (De Paolis) Professor: Musaio Prof. Musaio: To be provided by the lecturer. Prof. De Paolis: Robert N. Anthony, David F. Hawkins, Diego M. Macrì, Kenneth A. Merchant Sistemi di Controllo McGraw-Hill L. Brusa. Sistemi Manageriali Di Programmazione E Controllo -Giuffre Editore Materials to be provided by the lecturer (slide). 24 E1-PMFR19-GM: MANAGEMENT CONTROL Fall semester; 60 lectures; 7 hrs per week; 8 credits; elective Analysis and interpretation of budget and reporting pianification and control instruments. Focus on the different costs configurations. Other Activities: lectures, seminars, team work written exam 60 %, oral exam 40 % Professor: Izzo P. Bastia, Il budget d'impresa, CLUEB AA.VV., Programmazione e controllo, Pearson Prentice Hall, 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) 65

66 Application/exercises on topics like segmentation, positioning and marketing plan. Professor: 50% Written exam, 35% Team work, 15% partecipation Marcati Philip Kotler, Kevin Lane Keller, Il marketing del nuovo millennio, Seconda edizione, Pearson a E1-Mat30a-B: MATHEMATICS Fall and Spring semester; 70 lectures; 7 hrs per week; 8 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: Professors: practical work 10% written and 90% oral exam written tests during the semester Cacciafesta F. Cacciafesta, Matematica generale, ed. Giappichelli. 26b E1-Mat30b-B: MATHEMATICS Fall/Spring semester; 70 lectures; 7 hrs per week; 8 credits 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. 66

67 Other activities: Professors: practical work 50% written and 50%oral exam Papi 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, c E1-Mat30c-B: MATHEMATICS Fall/Spring semester; 70 lectures; 7 hrs per week; 8 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. Professors: written and oral exam Staffa A. Blasi - Matematica - Ed. Balzanelli. 26d E1-Mat30d-B: MATHEMATICS Fall/Spring semester; 70 lectures; 7 hrs per week; 8 credits 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. 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: practical work 67

68 Professors: 50%written and 50% oral exam Scarlatti 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. 27 MARKETS AND STRATEGIES (in English) Spring semester; 72 lectures; 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 Other activities: traditional lecture, individual exercices, team works, cases studies, presentations and assignments written test 33% oral final exam 33% team work executed during the course) 34% Professors: Devetag 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 28 METHODOLOGY OF SOCIAL SCIENCES Fall semester; 72 lectures; 7 hrs per week; 8 credits; elective 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 68

69 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: Professors: lectures oral exam Infantino - L. Infantino L., L ordine senza piano, Armando, Roma, L. Infantino L., Individualismo, mercato e storia delle idee, Rubbettino, Soveria Mannelli, L. Infantino, Ignoranza e libertà, Armando, Roma, 1999 (only chapters 1-2-3). 29a/c/d MICROECONOMICS Spring semester; 72 lectures; 7 hrs per week; 8 credits; THEORY OF DEMAND Consumer preferences (axiomatic approach, cardinal and ordinal function of utility, and indifference curve). Maximisation of utility and individual functions of demand. Comparative static analysis. Price effect, substitution and income, normal goods, inferior goods and Giffen goods. Elasticity of demand. Labour supply. Intertemporal choice and financial markets. Choices in conditions of uncertainty. The function of expected utility. Risk aversion. Insurance markets. THEORY OF PRODUCTION Technology: input and output. Technological constraints. Properties of technology. Scale yields. Short run and long run. BUSINESS OBJECTIVES The organisation of business. Maximisation of profit in the short-term and long-term. Demand curve of the factors of production. The minimisation of costs in the short run and long run. The function of business cost. Total costs, fixed costs and variable costs. Medium and marginal costs. Short-term and long-term costs. FORMS OF MARKET Perfect competition. The offer of a competitive firm. The industry offer. Short-term and long-term equilibrium. Monopolies: maximisation of profit; linear demand curve and monopoly; inefficiencies of monopolies and net loss. Natural monopolies. Monopolistic behaviour: price discrimination and dual tariffs; product differentiation; monopolistic competition. Oligopolies: choosing a strategy; quantity leadership; price leadership; followers; the Cournot duopoly; collusion. Game theory: payoff matrix of a game, the Nash equilibrium, mixed strategies, and the prisoner s dilemma. GENERAL ECONOMIC EQUILIBRIUM The Edgeworth box and the equilibrium of pure exchange. Pareto optimality.general economic equilibrium with exchange and production.the theorems of welfare economics. Professors: Written exam Spallone, Giordani, Marengo 69

70 Varian, H. (ultima edizione), Microeconomia, Cafoscarina. Pandimiglio, A. Spallone, M. Problemi di Microeconomia, Cedam, b MICROECONOMICS Fall semester; 72 lectures; 7 hrs per week; 8 credits; Theory of consumption. Theory of production. Markets forms. Games theory. Price discrimination. General economic equilibrium. Other activities: practical work written exam (90%) oral exa (10%) Professors: Di Cagno Textbooks D.A. Besanko R.R. Braetigam, Microeconomia, McGraw-Hill (ultima edizione). Per approfondimenti si consiglia H.R. Varian, Microeconomia, Cafoscarina (ultima edizione) e A. Pandimiglio e M. Spallone, Problemi di microeconomia, Cedam (2011). 31 E3-MCE32-B: MONETARY AND CREDIT ECONOMICS Fall semester; 72 lectures; 7 hrs per week; 8 credits; elective 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, Microeconomics, Mathematics, Statistics Other activities: practical work written exam with possible oral exam Professors: Di Giorgio Di Giorgio G., Lezioni di economia monetaria, Cedam, Padova, 2013; Di Giorgio G., A. Pandimiglio, S. Nisticò, Problemi di Economia e Politica Monetaria, Cedam, Padova. Other readings will be provided during the semester. 32 E3-MCE33-B: MONEY AND BANKING (in English) Spring semester; 70 lectures; 7 hrs per week; 8 credits; elective 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 global financial crisis. Prerequisites: Macroeconomics 70

71 Class attendance (20%) written exam (80%) Professors: Paesani 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. 33 NEW MEDIA AND TECHNOLOGY LAW (in English) Spring semester; 64 lectures; 7 hrs per week; 8 credits; elective The first part of the course will focus on the management of the internet and on the legal framework which surrounds it and its major stakeholders (ICCAN, governments, internet service providers, domain name registrars, etc.), in order to identify the public policy issues that are relevant to internet governance. In the second part, the course will examine few of the emerging issues regarding personal rights in the age of new media and big data (privacy protection; the changing landscape for the publishing industry; the shifting relationship between intellectual property owners and digital content consumers; digital content transactions; the EU regulatory framework for internet-based provision of services). Prerequisites: Macroeconomics, Microeconomics, Mathematics, Statistics Other activities: Case studies, seminars Oral exam Professors: Papa Malatesta Textbooks Murray, Information Technology Law (2010), Oxford University Press (selected paragraphs) Texts excerpts and other course materials will be provided in class and/or indicated in the webpage of the course at: Docenti.luiss.it 34 PSYCHOLOGY AND ECONOMICS (in English) Spring semester; 72 lectures; 7 hrs per week; 8 credits; elective We will follow two lines for our course. The first one (based on Prof. Castelfranchi papers) is aimed to understand Cognitivism and to find out how it made a revolution in human sciences and how Cognitive Sciences can merge together again Economics and Social Sciences with Psychology. It is also aimed to get into fundamental Cognitive Sciences concepts and issues, such as mind, cognitive processes, beliefs theory, goals organization, values and dynamics (with a focus on decisional processes and on intentions). Recent evolutions of basic cognitive theories (expectations, addiction theory, emotions, metacognition, 71

72 willing and persuasion) will be issued as well. To end up with an interpretation of the path from individuals beliefs and intentions to the invisibile hand, for an inshight into the relationship between cognition and norms and for a critical approach to recent theories of happiness and welbeing. The aim of the second line of the course is, on one hand, to analyzing those economics phenomena for which the cognitive approach is crucial, on the other, to introduce the study of such phenomena using the experimental methodology, thanks to systematic laboratory exercises. Among the issues that will be part of the course there are perception and categorization, mental accounting, expectations developing, risk aversion and prospect theory, framing effect, economic decisions and heuristics, emotions in economic choices, motivations of demands, savings and finance, evolutions of theory of interaction and game theory, social influence, social norms and relationship between cultural aspects and economics behaviour, cooperation and social dilemma. Other activities: lectures, role-playing, seminars, business game, seminars, assignment Short written dissertation (optional), Oral Examination (mandatory) Professor: Castelfranchi - S. Rizzello (ed.), Cognitive Paradigms in Economics, London: Routledge Bourgine, Paul, Nadal, Jean-Pierre (Eds.) Cognitive Economics: An Interdisciplinary Approach, Springer, Camerer, Colin and Loewenstein, George, Behavioral Economics: Past, Present and Future, Camerer, Colin and Loewenstein, George- Prelec, Drazen, Neuroeconomics: How Neuroeconomics can inform economics, Kahneman, Daniel and Tversky, Amos, Prospect Theory: An Analysis of Decision under Risk, Econometrica, 47, , Kahneman, Daniel; Ed Diener, Well-being: the foundations of hedonic psychology. Russell Sage Foundation, Kagel, John H. and Roth, Alvin E., The Handbook of Experimental Economics, Princeton University Press, Princeton, Marco Novarese and Salvatore Rizzello, "The intermingling between Cognitive Economics and Experimental Economics: A Few Remarks on History, Methodology and Applications", working paper M. Egidi and S. Rizzello, "Cognitive Economics: Foundations and Historical Evolution", Cialdini, R. B., The science of persuasion. Scientific American, 284, 76 81, Cialdini, R. B., Influence: The Psychology of Persuasion, HarperBusiness, Revised version, Rabin, Matthew, "Psychology and Economics". Journal of Economic Literature 36 (1): 11-46[dead link]. Press+, Simon, Herbert A., "Behavioral Economics". The New Palgrave: A Dictionary of Economics 1. pp , Thaler, Richard H.; Mullainathan, Sendhil, "Behavioral Economics". In David R. Henderson (ed.). Concise Encyclopedia of Economics (2nd ed.). Indianapolis: Library of Economics and Liberty, Schelling, Thomas C., Micromotives and Macrobehavior, Norton. Description, preview, Diamond, Peter A., and Hannu Vartiainen, (ed.), Behavioral Economics and its Applications. Description and preview, Castelfranchi C., Falcone R. "Trust theory", Wiley, Castelfranchi, C. Giardini, F., Marzo, F. (2006). Relationships between rationality, human motives, and emotions. Mind & Society, n. 2, Vol. 5, pp Castelfranchi, C. and Conte R., Cognitive and social action, London University College of London Press,

73 - Castelfranchi C., "Goals, the true center of cognition" in F. Paglieri, L. Tummolini, R. Falcone & M. Miceli (Eds.), The goals of cognition. Essays in honor of Cristiano Castelfranchi. London: College Publications, Miceli, M., Castelfranchi, C., The envious mind. Cognition and Emotion, 22, , Castelfranchi, C. e Poggi, I. Blushing as a discourse: was Darwin wrong? In R. Crozier (ed.) Shyness and Embarassement: Perspective from Social Psychology, Cambridge University Press, N. Y, Maria Miceli & Cristiano Castelfranchi, How to Silence One's Conscience: Cognitive Defenses Against the Feeling of Guilt Journal for the Theory of Social Behaviour, Volume 28, Issue 3, Page , Conte R. and Castelfranchi C., The Mental Path of Norms, Ratio Juris, Volume 19, Issue 4, Castelfranchi, C., The theory of social functions. Challenges for multi-agent-based social simulation and multi-agent learning. Journal of Cognitive Systems Research 2, Elsevier, a E1 PEL35a-B: PUBLIC ECONOMIC LAW Spring semester; 72 lectures; 7 hrs per week; 6 credits 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. Professor: oral exam Montedoro 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, b E1 PEL35b-B: PUBLIC ECONOMIC LAW Spring semester; 72 lectures; 7 hrs per week; 6 credits 73

74 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: Professor: Seminars, case studies oral exam Rossano Rossano, Manuale di diritto pubblico, Jovene, Napoli, 2012; 35c E1 PEL35c-B: PUBLIC ECONOMIC LAW Spring semester; 72 lectures; 7 hrs per week; 6 credits 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: Professor: seminars oral exam Sepe, Pellegrini Prof. Sepe: General part: Rossano, Manuale di diritto pubblico, Jovene, Napoli, latest edition. Special part: Pellegrini (a cura di), Elementi di diritto pubblico dell Economia, Some chapters will be excluded, and they will be indicated during the course. Prof. Pellegrini: General part: Politi, Diritto pubblico, Giappichelli, latest edition, or Rossano, Manuale di diritto pubblico, latest edition Special part: Pellegrini (a cura di), Elementi di diritto pubblico dell Economia, Some chapters will be excluded, and they will be indicated during the course. 36 E3-SMar36-B: SERVICE MARKETING Spring semester; 72 lectures; 7 hrs per week; 8 credits - Services vs. products. - Consumption behaviour in services. - Value & selling proposition. - Strategic segment. - Brand management. - Commercial business model. - Delivery. 74

75 - Brand touch points. - Operational road map. - The Marketing Plan. - Business case studies. Other activities: Practical work, case studies oral and written exam, team works, individual presentations Professors: Devetag - Marketing management (Kotler) - Marketing dei Servizi (Gremler- Zeithaml- Bitner) - Marketing Plans (Mc Donalds) 37a/b/c/d E2-St37a/b/c/d-B: STATISTICS Spring semester; 90 lectures; 7 hrs per week; 8 credits 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. Professor: written exam Cubadda, Biggeri, Bini, De Giovanni A.C. Monti, Introduzione alla Statistica, ESI, STOCK MARKET TECHNIQUES Spring semester; 72 lectures; 7 hrs per week; 8 credits; elective 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: Professors: Lectures oral exam Boido Caparrelli Economia del Mercato Mobiliare edizioni McGraw Hill (2004) Fabrizi- Economia del mercato mobiliare. Edizioni Egea quinta edizione (2013). 75

76 Hull: Fondamenti dei Mercati Future e delle Opzioni edizioni Pearson ( 2011) Recommended readings: Elton- Gruber.Brown-Goetzman Teorie di Portafoglio e Analisi degli investimenti ed Apogeo 76

77 Economics and Business 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: Professor: Lectures and tutorials written and oral exam Raoli Financial Accounting, 13th, Warren- Reeve- Duchac (Jan. 2013) 2 E2-AStEc2-EaB: APPLIED STATISTICS AND ECONOMETRICS Spring semester; 72 lectures; 3 hrs per week; 8 credits Estimation and testing in linear model; instrumental variables and panel data are the main topics covered. Other activities: Prerequisites: Professor: Lectures and tutorials Statistics written and oral exam, Weekly problem sets. Ragusa Stock and Watson. Introduction to Econometrics, Addison-Wesley; 3rd edition (December 13, 2010) 3 E2-Man12-EaB: BUSINESS ORGANIZATION Spring semester; 60 lectures; 7 hrs per week; 8 credits What is a business organization, Business organization design variables and design principles, Business organization and the environment, The business organization design process, Designing Macro-Structures, Designing inter-organizational linkages, Designing Micro-Structures, Designing vertical and horizontal linkages, Planning human resources written and oral exam Other activities: guest speakers, case studies Professors: Dandi "Organisation design. Re-defining comlex systems" by Nicolay Worren (Pearson) 77

78 4 E3-CF6a-EaB: CORPORATE FINANCE Spring semester; 60 h lectures; 3 hrs per week; 8 credits Introduction to Corporate Finance 1. Value a. How to Calculate Present Values b. Valuing Bonds c. The Value of Common Stocks d. Net Present Value and Other Investment Criteria e. Making Investment Decisions with the Net Present Value Rule 2. Risk a. Introduction to Risk and Return b. Portfolio Theory and the Capital Asset Pricing Model c. Risk and the Cost of Capital 3. Best Practices in Capital Budgeting a. Project Analysis b. Investment, Strategy, and Economic Rents c. Agency Problems, Compensation, and Performance Measurement 4. Financing Decisions and Market Efficiency a. Efficient Markets and Behavioral Finance b. An Overview of Corporate Financing c. How Corporations Issue Securities 5. Payout Policy and Capital Structure a. Payout Policy b. Financial Structure c. Financing and Valuation Other activities: Prerequisites: Professor: Exercise sessions, case studies Accounting, Mathematical Finance Written test (optional oral exam) Carmassi Brealey, R.A., S.C. Myers and F. Allen, Principles of Corporate Finance, Global Edition, 11/e, McGraw-Hill, Europe, Middle East and Africa, ECONOMIC GROWTH AND DEVELOPMENT Fall semester; 72 h lectures; 3 hrs per week; 8 credits 1. Introduction. 2. Global Economic Growth. 3. Convergence and Divergence of output across countries. 4. Economic growth in Italy. Prerequisites: Basic knowledge in Macroeconomics. Mainly Cobb- Douglas Production function. Final exam (70%), 3 best problem sets (30%). Professors: Nucera 78

79 David Weil: Economic Growth. 6 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 Other activities: Professors: Active involvement in each class e.g. attendance, participation to discussion, short presentations will add up to 50% of the final grade. The grade will be further based on an written exam (50%). Case studies Prencipe, Souitaris Papers as indicated per each session. 7 FINANCIAL ECONOMICS (MARKETS, INTERMEDIARIES, REGULATION) Fall semester; 72 h lectures; 3 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: Professors: Problem sets problem sets and written final exam Nucera F.S. Mishkin and S.G. Eakins, Financial Markets and Institutions, 7/ E (global edition), Pearson 8 E3-GaStr6-EaB: GAMES AND STRATEGIES Spring semester; 72 h lectures; 3 hrs per week; 8 credits Games in normal and extensive forms with perfect or imperfect innformations 79

80 Prerequisites: Professors: Midterm exam, Final exam, oral exam mathematics Scarsini 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 9 HISTORY OF ECONOMIC THOUGHT Spring semester; 72 h lectures; 3 hrs per week; 8 credits I. Introduction and the beginnings of economics; 2. Classical economics; 3. Against classical economics; 4. The marginalist revolution; 5. Neoclassical economics; 6. Heterodox economics; 7. The Keynesian Revolution and its aftermath. Prerequisites: Professors: Written exam Basilar knowledge of micro and macroeconomics. Fiorito Fiorito, Luca and Asso, Pier Francesco (2004) Human Nature and Economic Institutions: Instinct Psychology, Behaviorism, and the development of American Institutionalism. Journal of the History of Economic Thought. vol. 26, no. 4, pp Fiorito Luca (2010) John Roger commons, Wesley Newcomb Hohfeld and the Origins of Transactional Economics, History of Political Economy, vol. 42, no. 2, pp Fiorito Luca, and Samuels Warren J. (2006) The History of Economic Thought as the History of Error. Research in the History of Economic Thought and Methodology. vol. 24C, pp Landreth, Henry and Colander, David (2002) History of Economic Thought, Boston: Houghton Mifflin. Screpanti, Ernesto and Zamagni, Stefano (2005) An Outline Of The History Of Economic Thought, London: Oxford University Press, chapter E3-IS7-EaB: INFORMATION SYSTEMS Fall semester; 48 lectures; 3 hrs per week; 6 credits 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 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. Other activities: Labs, team works - Lab test 3 pts - Theory exam (written) 15/30 pts - optional project: contribution not exceeding 10/30 points Professors: Me 80

81 Title:Information Systems fundamentals, By: Gianluigi Me and Paolo Spagnoletti Publisher: McGraw Hill Create Pub. Date: July, 2011 ISBN-13: Further readings will be available on the elearnig platform of the course. 11 INTERNATIONAL ECONOMICS Spring semester; 72 lectures; 3 hrs per week; 8 credits - elective Introduction to the theory of international trade: facts and models. Macroeconomics Open-economy Prerequisites: Professors: Microeconomics, Macroeconomics Written test Manzocchi Paul R. Krugman Maurice Obstfeld Marc Melitz, International Economics: Global Edition (9e) 2010 Pearson Higher Ed USA 12 E1-IBE8-EaB: INTRODUCTION TO BUSINESS ECONOMICS Fall semester; 72 lectures; 3 hrs per week; 8 credits 1. Economic and business activities (1 week) A firm is an organisation, which transforms productive resources into goods to be sold in the market. The first part of the course focuses on the role of firms in the modern economy: it deals with their existence, their boundaries and their objectives. We also deal with the issue of who has the decision-making power in the firms and the relationships between shareholders and stakeholders, owners and managers in relation to different theories proposed in the economic and managerial literature. 2. Introduction to business management (1 week) There are hundreds of different decisions that should be taken in running a firm. The aim of the second part of the course is the introduction to the main decisions managers have to take. Starting from a classification derived from the firm s life cycle (start-up, normal activity, discontinuance) we focus our attention on financing and strategy decisions. In particular we focus on the basic financial decision (equity capital versus financial debts) and on the relationship among corporate control, corporate governance and decision-making. 3. The performance of the company (7 weeks) The main focus of this part of the course is the role of accounting. Accounting is a valuable tool for decision-making. We identify the main users (inside and outside the firm) of accounting and financial information and discuss the ways in which this information can improve the quality of decisions that those users make. Accounting concerns with collecting, analysing and communicating financial information. Its purpose is to help managers who use this information to make more informed decisions and to inform outsiders (investors, lenders, providers of capital, etc.) about the quality of the firm. If the financial information available does not contribute to improve the quality of decisions made both by managers and by outsiders, there would be no point in producing it. Through accounting, it is possible to: identifying and capturing relevant information (in this case financial information); 81

82 recording the information collected in a systematic manner; analysing and interpreting the information collected; reporting the information in a manner that suits the needs of users. The comprehension of the accounting information is necessary to understanding the risk and the profitability of the business firm or of its parts through an analysis of the reported financial information using different tools. In this course, we specifically refer to the reformulation of reported financial information and to the ratio analysis in order to appraise the profitability of the firm, the quality of the decisions made by managers and the ability of the firm to create value for shareholders. 4. The decision-making problem (2 weeks) Firms are generally organised for the purpose of making profits and in the long run profits earned are taken as an important measure of the firm s success. If knowledge about the future were perfect, profit analysis would have been a very easy task. However, in a world of uncertainty, expectations are not always realised so that profit planning and measurement constitute a difficult area of managerial activity. Among the various types business decisions, the most complex and troublesome for managers are those relating to a firm s capital investments. Relatively large sums are involved and the problems are so complex that their solution requires considerable time and labour. The main topics dealt with are how financial information can help managers in solving decision-making problems. We will deal with cost analysis, break-even analysis and investment decisions. Other activities: Professors: written and oral exam Practical team work, case studies Bozzolan Thomsen, C. (2012), Corporate Governance, McGraw-Hill (chapter 1; 2) Williams, Haka, Bettner, Carcello (2012), Financial and Managerial Accounting: the basis for Business Decisions, McGraw-Hill (chapter 2, 3, 4, 5, 14, 20) Thomsen, C. (2012), Corporate Governance, McGraw-Hill (chapter 1; 2) Williams, Haka, Bettner, Carcello (2012), Financial and Managerial Accounting: the basis for Business Decisions, McGraw-Hill (chapter 2, 3, 4, 5, 14, 20) 13 E2-L&Ec10-EaB: LAW & ECONOMICS Spring semester; 96 h lectures; 7 hrs per week; 12 credits Introduction to business law: Agency Problems, the basic Governance Structure, protecting minority shareholders, control transactions. Italian law on: Proprietorships as Organizations; Partnerships; Companies Limited by shares (Private and Public companies). Fundamentals of business and company law in United Kingdom, Germany and United States. Professors: Oral exam, take-home written exam Brescia Morra/ Bruno Klein, Coffee, Partnoy, Business Organization and Finance, Foundation Press, Kraakman, Armour, Davies, Enriques, Hansmann, Hertig, Hopt, Kanda, Rock, The Anatomy of Corporate Law. A comparative and Functional Approach (second Edition), Oxford University Press, Materials on professor website. 82

83 14 E2-Mac11-EaB: MACROECONOMICS Fall semester; 70 lectures; 7 hrs per week; 8 credits 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 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 Prerequisites: Professors: written examination Microeconomics Vallanti Blanchard, O. Giavazzi F & Ameghini A., Macroeconomics: A European Perspective, Prentice Hall, (2011) David Findlay, Study Guide Macroeconomics, Pearson Prentice Hall, 5th edition, MANAGEMENT Fall semester; 60 lectures; 7 hrs per week; 8 credits Students will first understand the need for a strategic orientation for firm performance. The course will then deepen the understanding of how each managerial function (Organisation, Marketing, Innovation Management, Operations, and Finance) contributes to the value creation. Finally, financial evaluation methods accounting for the value of strategies are introduced and employed. At the end of the course, students will acquire the ability to integrate different dimensions of a problem and to apply both logic and judgement in analysing situations. Throughout the course, students develop the analysis of case studies relating to prominent companies facing the challenge of competitive markets. Other Activities: Professors: Case studies presentation and written examination short cases and class discussions group works Torlò Volberda et al, (2011) Management (Custom edition by Dr. Torlò), 1st Edition, Cengage Learning 16 MATHEMATICAL FINANCE Spring semester; 72 lectures; 7 hrs per week; 8 credits 83

84 The course is divided into two parts: bond market and stock market. For the bond market, we will define fixed income instruments, their valuation and their risk. The instruments analyzed will be: zero coupon bonds, fixed rate bonds, floating rate bonds, mortgages, FRAs and swaps. Risk will be analyzed with the duration. The course will also introduce the term structure of interest rates. For the stock market, we will study the problem of portfolio selection with Markowitz theory. Written test and oral exam 50% Prerequisites: Standard tools in calculus (exponential and logarithmic function, derivatives) and probability (mean, variance, correlation) Professors: Papi Investment Science, David G. Luenberger, Oxford University Press 17 E2-Mar13-EaB: MARKETING Spring semester; 60 lectures; 7 hrs per week; 8 credits 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. Other Activities: Professors: 10% Class participation; 45% Group Projects; 45% Final Individual examination exercises, guest speakers presentations, team projects Marcati Armstrong, G., and Ph. Kotler, Marketing: An introduction, 11e, Pearson, 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: Professors: practical work Midterm exam, written exam, oral exam Dall Aglio Knut Sydsaeter, Peter Hammond, Arne Stroem: Essential Mathematics for Economic Analysis, 4th Edition, Pearson (without mymathlab package). Other freely available online material and reccomended readings will be posted on the course's webpage 19 E1-Mic15-EaB: MICROECONOMICS Spring semester; 72 lectures; 7 hrs per week; 8 credit 84

85 Basic consumption and production theory. Other activities: Professor: Lectures and TA sessions Written exam Ponti Hal Varian, Intermediate Microeconomics, Norton & Company, 8th Edition. 20 E1-PCL16-EaB: PRINCIPLES OF CIVIL LAW Fall semester; 72 lectures; 7 hrs per week; 8 credits 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. - Oral exam 90%; - Individual / Group works executed during the course and active participation during the class 10%. Professor: Tassone 1) G. Iudica e P. Zatti, Language and Rules of Italian Private Law: An Introduction, latest ed., Cedam. 2) J.S. Lena and U. Mattei (eds.), Introduction to Italian Law, Kluwer, The chapters required for the exam will be indicated online. 21 E1-PCL21-EaB: PRINCIPLES OF ECONOMICS Fall semester; 72 lectures; 7 hrs per week; 8 credits 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 85

86 Professor: Written exam Giordani "Principles of Economics" by R. Frank and B. Bernanke. Fourth edition (2009), Mcgraw-Hill. 22 E1-St18-EaB: STATISTICS Spring semester; 72 lectures; 7 hrs per week; 10 credits 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: Prerequisites: Professor: exercises, Excel program, quizzes Math strongly recommended 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,

87 SUMMARY TABLE OF COURSES BACHELOR DEGREE COURSES Credits: from 2 to 8 depending on the course Total credits for each degree course: 180 Key oe: oral exam we: written exam Economics and Management Year/Sem Hours Assessmen t Credits E1-AEPS1a/b/c/d-B AUDITING, ETHICS AND PROFESSIONAL SKILLS 3/S 72 L we/oe 8 (Revisione, Capacità Etiche e Professionali) Chirico E1-BA2a/b3/c/d-B BANKING LAW 3/F 72 L oe 8 (Diritto bancario) Pellegrini E1-BA4a/b/c/d-B BUSINESS ADMINISTRATION 1/F 72 L oe/we 8 (Economia aziendale) Musaio, Fiori, Di Lazzaro, Incollingo E2-BL5a/b/c/d-B BUSINESS LAW 2/S 72 L oe 8 (Diritto commerciale) Farenga, De Angelis, Lener, Macrì E2-BO6a/b/c/d-B BUSINESS ORGANIZATION 3/S 72 L oe/we 8 (Organizzazione aziendale) Casalino, Cicchetti BUSINESS ORGANIZATION (in English) 3/S 60 oe/we 8 Dandi E1-CS7a/b/c/d-B COMPUTER SCIENCE 1/S 48 L oe/we 6 87

88 (Abilità Informatiche) Za, Italiano, Bernaschi E2-CF8a/b/c/d-B CORPORATE FINANCE 3/F 72 L oe/we 8 (Finanza aziendale) Bozzi, Oriani, Spisni, Cervellati E3-EGD9-B ECONOMIC GROWTH AND DEVELOPMENT 3/S 72 L oe/we 8 (Crescita e sviluppo economico) Zeira/Battisti ENERGY ECONOMICS (in English) 3/S 72L oe/we 8 Bollino ECONOMICS OF FINANCIAL MARKETS AND INSTITUTIONS (Economia dei mercati e degli intermediari finanziari) Cerri, Comana, Pallini, Previtali 3/F 72L oe 8 E2-EM13-B ECONOMICS AND SERVICES OF PUBLIC UTILITY 2/F 60 L we 8 (Economia e Servizi di Pubblica Utilità) Mori E2-EIT15a/b/c/d-B ENTREPRENEURSHIP AND INNOVATION TECHNOLOGY Prencipe 3/F 72 L we 8 E3-FM16a/b/c//d-B FINANCIAL MATHEMATICS 2/F 72 L oe/we 8 (Matematica Finanziaria) Olivieri, De Angelis, Mottura, Fersini E3-HEB19 -B HISTORY OF ECONOMICS AND BUSINESS 1/S 72 L oe 8 (Storia Economica e d Impresa) Di Taranto, Ferrandino, Farese, Lepore E3-HET20 -B HISTORY OF ECONOMIC THOUGHT 3/S 72 L oe 8 (Storia del Pensiero Economico) Di Taranto 88

89 E3-HROMO22-B HUMAN RESOURCES ORGANIZATION AND MANAGEMENT (Organizzazione e Management delle Risorse Umane) Gabrielli 3/F 72 L oe 8 E3-HEBO23a/b/c/d-B INDUSTRIAL ECONOMICS 3/F 72 L oe/we 8 (Economia Industriale) Pozzi, Paniccia, Martoccia, Surdi, Quaglione, Muscio, Giardino-Karlinger INDUSTRIAL MARKETING 3/F 72 oe 8 (Marketing industriale) Gregori E3-IEF24-B INTERNATIONAL ECONOMICS (in English) 3/F 72 L oe/we 8 Manzocchi E1-IPL25a/b/c/d-B ITALIAN PRIVATE LAW 1/F 72 L oe 8 (Diritto privato) Pardolesi, Conte, Di Ciommo, Carleo, Di Gravio E2-MEP28a/b/c/d-B MACROECONOMICS 2/S 72 L oe/we 8 (Macroeconomia) Reichlin, Nisticò, Pandimoglio, Vallanti MANAGEMENT 2/S 72L oe/we 8 (Economia e gestione delle imprese) Pirolo, Peruffo, Leone, Ferretti, Marino, Cairoli, Costabile, Brunetta MANAGEMENT CONTROL 3/S 72 oe/we 6 (Controllo di gestione) Musaio, Izzo E2-Mar29a/b/c/d-B MARKETING 2/F 72 L oe/we 8 (Marketing) Marcati E1-Mat30a/b/c/d-B MATHEMATICS 1/F 72 L oe/we 8 (Matematica) Cacciafesta, Papi, Staffa, Scarlatti 89

90 MARKETS AND STRATEGIES (in English) 3/S 72L oe/we 8 Devetag METHODOLOGY OF SOCIAL SCIENCES 3/F 72L oe 8 (Metodologia delle scienze sociali) Infantino MICROECONOMICS 1/S 72L we 8 Spallone, Giordani, Marengo, Di Cagno E3-MCE32-B MONETARY AND CREDIT ECONOMICS 3/F 72 L oe/we 8 (Economia e credito dei mercati monetari e) Di Giorgio E3-MB33-B MONEY AND BANKING (in English) 3/F 72 L oe/we 8 Paesani NEW MEDIA AND TECHNOLOGY LAW (in English) 3/S 64 oe 8 Papa Malatesta PSYCHOLOGY AND ECONOMICS (in English) 3/F 72L oe/we 8 Castelfranchi E1 PEL35a/b/c/d-B PUBLIC ECONOMIC LAW (Diritto Pubblico dell Economia) Montedoro, Rossano, Sepe, Pellegrini 1/S 72 L oe/we 8 E3-SMar36-B SERVICE MARKETING 3/S 72L oe/we 8 (Marketing dei Servizi) Devetag E2-St37a/b/c/d-B STATISTICS 2/S 72L we 8 (Statistica) Cubadda, Biggeri, Bini, De Giovanni STOCK MARKETS TECHNIQUES 3/S 72L oe 8 (Tecniche di borsa) Boido Elective Courses Year/Sem Hours Assessmen Credits 90

91 t MANAGEMENT CONTROL 3/S 72 oe/we 8 Izzo ENERGY ECONOMICS 3/F 72 oe/we 8 Bollino ECONOMICS AND MANAGEMENT OF PUBLIC UTILITIES Iacovone 3/S 72 oe 8 MONETARY AND CREDIT ECONOMICS 3/S 72 oe/we 8 Di Giorgio ENTREPRENEURSHIP, INNOVATION AND TECHNOLOGY Prencipe 3/S 72 we 8 LAW AND ECONOMICS To be assigned INDUSTRIAL MARKETING 3/F 72 oe 8 Gregori MARKETS AND STRATEGIES 3/S 72 oe/we 8 Devetag METHODOLOGIES OF SOCIAL SCIENCES 3/F 72 oe 8 Infantino MONEY AND BANKING 3/F 80 we 8 Paesani HUMAN RESOURCES ORGANIZATION AND MANAGEMENT Gabrielli 3/F 72 oe 8 PSYCHOLOGY AND ECONOMICS 3/S 72 oe/we 8 Castelfranchi AUDITING AND PROFESSIONAL SKILLS 3/S 72 oe/we 8 Chirico HISTORY OF ECONOMIC THOUGHT 3/S 72 oe 8 Di Taranto HISTORY OF ECONOMIC THOUGHT AND POLICY 3/F 72 we 8 91

92 Fiorito STOCK MARKET TECHNIQUES 3/S 72 oe 8 Boido HISTORY OF CORPORATIONS AND OF CORPORATE ORGANIZATION To be assigned 3/S 72 oe 8 NEW MEDIA AND TECHNOLOGY LAW 3/F 64 oe 8 Papa Malatesta 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. 92

93 Economics and Business Year/Sem Hours Assessmen t Credits E1-Acc1-EaB ACCOUNTING 1/S 72 L we/oe 8 Raoli E2-ASE2-EaB APPLIED STATISTICS AND ECONOMETRICS 2/S 72 L we/oe 8 Ragusa E3-BO3-EaB BUSINESS ORGANIZATION 3/S 60 L we/oe 8 Dandi E3-CF4EaB CORPORATE FINANCE 3/F 72 L we/oe 8 Carmassi ECONOMIC GROWTH AND DEVELOPMENT 3/S 72L we 8 Battisti/Zeira ENTREPRENEURSHIP, INNOVATION AND TECHNOLOGY Prencipe, Souitaris FINANCIAL ECONOMICS (MARKETS, INTERMEDIARIES, REGULATION) Nucera 3/S 72L we 8 2/F 72L we 8 E2-GaStra6-EaB GAMES AND STRATEGIES 2/S 72 L we/oe 8 Scarsini HISTORY OF ECONOMIC THOUGHT 3/F 72L we 8 Fiorito E3-IS7-EaB INFORMATION SYSTEMS 2/F 48 L oe 6 Me INTERNATIONA ECONOMICS 3/S 72L we 8 Manzocchi 93

94 E1-IBE8-EaB INTRODUCTION TO BUSINESS ECONOMICS 2/F 72 L we/oe 8 Bozzolan E2-L&E10-EaB LAW & ECONOMICS 3/F 96 L we 8 Brescia Morra/Bruno E2-Mac11-EaB MACROECONOMICS 2/F 72 L we 8 Vallanti MANAGEMENT 2/F 60L we 8 Torlò MATHEMATICAL FINANCE 2/S 72L oe/we 8 Papi E2-Mar13-EaB MARKETING 3/S 60 L we 8 Marcati E1-Mat114-EaB MATHEMATICS 1/F 78 L we/oe 10 Dall Aglio E1-Mic15-EaB MICROECONOMICS 1/S 72 L we 8 Ponti E1-PCL16-EaB PRINCIPLES OF CIVIL LAW 1/F 72 L oe 8 Tassone E1-PCL17-EaB PRINCIPLES OF ECONOMICS 1/F 72 L we 8 Giordani E1-St18-EaB STATISTICS 1/S 72 L we 8 Rinott Elective courses 94

95 Semester Hours Assessmen t Credits ASSET PRICING AND COMMODITIES To be assigned BUSINESS ORGANIZATION Spring 72 we/oe 8 Dandi ENTREPRENEURSHIP, INNOVATION AND TECHNOLOGY Prencipe, Souitaris EUROPEAN ECONOMIC HISTORY AND POLICIES To be assigned HISTORY OF ECONOMIC THOUGHT AND POLICY Fiorito Spring 64 we/oe Fall 72 we 8 INTERNATIONAL ECONOMICS Spring 72 we 8 Manzocchi MARKETING Fall 60 we 8 Marcati MONEY AND BANKING Fall 72 we 8 Paesani 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

96 PREREQUISITES (PROPEDEUTICITA ) Economics and Management PREREQUISITES E1-Acc1a/b/c/d-B ACCOUNTING (Contabilità e Bilancio) MANAGEMENT CONTROL (controllo di gestione) E3-BL4-B BANKING LAW (Diritto bancario) E2-BL6a/b/c/d-B BUSINESS LAW (Diritto commerciale) ACCOUNTING (Contabilità e bilancio) E2-FM16a/b/c/d-B FINANCIAL MATHEMATICS (Matematica finanziaria) E3-IE21a/b/c/d-B INDUSTRIAL ECONOMICS (Economia industriale) CORPORATE IT ORGANIZATION (Organizzazione dei sistemi informativi aziendali) BUSINESS ADMINISTRATION BUSINESS ADMNISTRATION ITALIAN PRIVATE LAW ITALIAN PRIVATE LAW CORPORATE FINANCE MATHEMATICS MICROECONOMICS COMPUTER SCIENCE Economics and Business PREREQUISITES APPLIED STATISTICS AND ECONOMETRICS MACROECONOMICS GAMES AND STRATEGIES STATISTICS MICROECONOMICS MATHEMATICS 96

97 GENERAL COURSE STRUCTURE MASTER S DEGREE COURSES DEPARTMENT OF BUSINESS AND MANAGEMENT: Economics and Business Management Management Marketing Administration, Finance and Control (I year) Business Finance (II year) Management (in English) International Management Corporate Finance Innovation and Entrepreneurship Luxury, Fashion and the Creative Industries Business Consulting DEPARTMENT OF ECONOMICS AND FINANCE: Economics and Finance Economics (in English) Finance (in English) Banks and Financial Intermediaries Please note that Master s courses are very advanced and only guest students meeting the following requirements may enrol in such courses: the necessary prerequisites; no time-table clashes because attendance of each course is compulsory. Credits: from 4 to 8 depending on the course. Total credits for each degree course:

98 Economics and Business Management FIRST YEAR Common to all majors Fall semester ECONOMICS OF BUSINESS, COMPETITION AND GLOBAL MARKETS Economia dell impresa, della concorrenza e dei mercati globali Credits 12 FINANCIAL MATHEMATICS (ADVANCED) 8 Matematica Finanziaria (corso progredito) COMPANY LAW 6 Diritto Societario ECONOMICS AND MANAGEMENT OF INTERNATIONAL ENTERPRISES Economia e gestione delle imprese internazionali 8 Spring semester Credits CORPORATE FINANCE (ADVANCED) 8 Finanza Aziendale (Avanzato) BUSINESS STRATEGIES 8 Strategie di impresa

99 Spring semester (Administration, Finance and Control) (only I year) Credits CORPORATE AND INVESTMENT BANKING (in English) 6 CORPORATE FINANCE (ADVANCED) 6 Finanza Aziendale (avanzato) Spring semester (Management) Credits ADVANCED ORGANIZATION DESIGN (in English) 6 CORPORATE FINANCE (ADVANCED) 6 Finanza Aziendale (avanzato) Spring semester (Marketing) Credits BRAND MANAGEMENT 6 THEORY AND QUANTITATIVE METHODS FOR CONSUMER S ANALYSIS Teoria e metodi quantitativi per l analisi del consumatore 6 SECOND YEAR Management Fall semester OPERATIONS AND SUPPLY CHAIN MANAGEMENT Management delle operazioni e della supply chain Credits 6 99

100 LABOUR LAW AND INDUSTRIAL RELATIONS 6 Diritto del lavoro e relazioni industriali Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) Altre attività (tirocini, lingua straniera ) Credits 4 BUSINESS ENGLISH 8 FINAL EXAM 22 Prova finale ELECTIVE COURSE 12 Esame a Scelta 100

101 SECOND YEAR Marketing Fall semester TRADE AND RETAIL MARKETING (in English) COMMUNICATION STRATEGIES AND BRAND MANAGEMENT Strategie di comunicazione e brand management Credits 6 6 Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) Altre attività (tirocini, lingua straniera ) Credits 4 BUSINESS ENGLISH 8 FINAL EXAM 22 Prova finale ELECTIVE COURSE 12 Esame a Scelta 101

102 SECOND YEAR Business Finance (only II year) Fall semester Credits CAPITAL MARKETS (in English) 6 EXTRAORDINARY FINANCIAL OPERATIONS 6 Operazioni di Finanza Straordinaria Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) Altre attività (tirocini, lingua straniera ) Credits 4 BUSINESS ENGLISH 8 FINAL EXAM 22 Prova finale ELECTIVE COURSE 12 Esami a Scelta 102

103 Management (in English) Fall semester Credits MARKETS, REGULATION AND LAW 6 FIRST YEAR General Management (common to all majors) PERFORMANCE MEASUREMENT AND FINANCIAL REPORTING 8 ADVANCED FINANCIAL MATHEMATICS 8 GLOBAL ECONOMIC CHALLENGES 12 Spring semester Credits ADVANCED CORPORATE FINANCE 8 CORPORATE STRATEGIES 8 103

104 Spring semester (Corporate Finance) Credits INTERNATIONAL ACCOUNTING STANDARDS 6 RISK MANAGEMENT 6 Spring semester (Innovation and Entrepreneurship) Credits INTELLECTUAL PROPERTY RIGHTS 6 STRATEGIC MANAGEMENT OF INNOVATION 6 Spring semester (International Management) Credits GLOBAL ORGANIZATION DESIGN 6 INTERNATIONAL MARKETING 6 Spring semester (Luxory, Fashiona and Creative Industries) CREATIVE INDUSTRIES AND BUSINESS MODEL 6 INNOVATION Credits PROJECT-BASED ORGANIZATION: DESIGN AND HRM 6 104

105 SECOND YEAR International Management Fall semester INTERNATIONAL TRADE AND COMMERCIAL POLICIES Credits 6 INTERNATIONAL BUSINESS 6 Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) Credits 4 BUSINESS ENGLISH 8 MASTER THESIS 22 ELECTIVE COURSES

106 SECOND YEAR Corporate Finance Fall semester Credits M&A AND INVESTIMENT BANKING 6 INTERNATIONAL FINANCE 6 Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) Credits 4 BUSINESS ENGLISH 8 MASTER THESIS 22 OPTIONAL EXAM

107 SECOND YEAR Luxury, Fashion and the creative industries Fall semester Credits LUXURY MANAGEMENT 6 FASHION MANAGEMENT 6 Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) Credits 4 BUSINESS ENGLISH 8 MASTER THESIS 22 OPTIONAL EXAM

108 SECOND YEAR Innovation and entrepreneurship Fall semester Credits ENTREPRENEURSHIP AND VENTURE CAPITAL 6 IDEATION AND INNOVATION PROCESSES 6 Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) Credits 4 BUSINESS ENGLISH 8 MASTER THESIS 22 ELECTIVE COURSES

109 Business Consulting FIRST YEAR Business Consulting Fall semester CORPORATE AUDITING Revisione Aziendale ECONOMICS OF BUSINESS, COMPETITION AND GLOBAL MARKETS Economia Dell Impresa, della concorrenza e dei mercati globali COMPANY LAW Diritto Societario FINANCIAL MATHEMATICS (ADVANCED COURSE) Matematica finanziaria c.p. Credits Spring semester ADVANCED MANAGEMENT CONTROLS Controllo di Gestione avanzato TECHNICS AND PROFESSIONAL ETHICS Tecnica e Deontologia Professionale CORPORATE GOVERNANCE AND INTERNAL AUDITING Credits

110 TAX LAW (ADVANCED) 6 Diritto Tributario (Avanzato) SECOND YEAR Business Consulting Fall semester Credits ADVANCED CORPORATE FINANCE 6 INSOLVENCY LAW Diritto della crisi di impresa 6 Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) Credits 4 BUSINESS ENGLISH 8 MASTER THESIS 22 ELECTIVE COURSES

111 Economics and Finance FIRST YEAR Major in Economics (in English) (only I year ) Fall semester INTERNATIONAL ACCOUNTING STANDARDS AND IFRS Credits 8 MICROECONOMIC ANALYSIS 8 MACROECONOMIC ANALYSIS 8 Spring semester ADVANCED MICROECONOMICS ADVANCED MACROECONOMICS Credits 6 6 THEORY OF FINANCE 8 Annual Course ECONOMETRIC THEORY Credits

112 FIRST YEAR Major in Finance (in English) (only I year ) Fall semester MATHEMATICAL METHODS FOR ECONOMIC AND FINANCE Credits 8 ADVANCED CORPORATE FINANCE 8 INTERNATIONAL FINANCE 8 Spring semester Credits FIXED INCOME, CREDIT AND COMMODITIES 8 THEORY OF FINANCE 8 EQUITY MARKETS AND ALTERNATIVE INVESTMENT 6 M&A AND INVESTMENT BANKING 6 Annual Course ECONOMETRIC THEORY Credits

113 FIRST YEAR Major in Banks and Financial Intermediaries Fall semester MATHEMATICAL METHODS FOR ECONOMICS AND FINANCE Metodi matematici per economia e finanza INTERNATIONAL ACCOUNTING PRINCIPLES AND IFRS Principi contabili internazionali e IFRS Credits 8 6 ASSET MANAGEMENT 8 Spring semester Credits MONETARY POLICY AND THEORY 8 Teoria e politica monetaria ECONOMICS OF UNCERTAINTY AND INFORMATION 8 Economia dell incertezza e dell informazione SECURITIES MARKETS ECONOMICS 8 Economia del mercato mobiliare ADVANCED CORPORATE FINANCE 8 Finanza aziendale avanzato Annual Course TIME SERIES AND FINANCIAL ECONOMETRICS Serie storiche e econometrica finanziaria Credits

114 SECOND YEAR Major in Financial Economics (in English) Fall semester Credits FINANCIAL MARKET LAW AND REGULATION 8 FIXED INCOME, CREDIT AND COMMODITIES 8 ASSET MANAGEMENT 8 Learning Activities Credits OTHER ACTIVITIES (internships, foreign langauge ) 4 Altre Attività (tirocini, lingua straniera ) FINAL EXAM 20 Prova finale 114

115 SECOND YEAR Major in Financial Economics (in Italian) Fall semester FINANCIAL MARKET LAW AND REGULATION (ADVANCED) Diritto dei mercati e degli intermediari finanziari (c.p.) Credits 8 ECONOMICS AND MANAGEMENT OF FINANCIAL INTERMEDIARIES Economia e gestione degli intermediari finanziari (c.p) 8 Learning Activities Credits OTHER ACTIVITIES (internships, foreign langauge ) 4 Altre Attività (tirocini, lingua straniera ) FINAL EXAM 20 Prova finale 115

116 Elective Courses Economics and Management COURSE CREDITS SEMESTER PROFESSOR AUDITING 6 Fall Carolyn Dittmeier BUSINESS 6 Fall Francesca Vicentini MODELING AND PLANNING COMPETITION AND 6 Fall Andrea Renda HIGH-TECH MARKETS DIGITAL 6 Fall Ibarra Massimo MARKETING CAPITAL MARKETS 6 Fall Riccardo Bruno TAX PROCEDURAL LAW 6 Fall Fabio Marchetti, Giuseppe Napoli ECONOMICS AND 6 Fall Balestrieri Luca MANAGEMENT OF THE MEDIA ECONOMICS AND 6 Fall Mori Simone MANAGEMENT OF ENERGY BUSINESS ENTREPREUNERSHIP 6 Fall Andrea Lanza AND VC FASHION 6 Fall Carlo Fei MANAGEMENT PROJECT FINANCE 6 Fall Paolo Cuccia IDEATION AND 6 Fall Francesco Rullani INNOVATION PROCESSES INTERNATIONAL 6 Fall Matteo De Angelis BUSINESS INTERNATIONAL 6 Fall Pierpaolo Benigno FINANCE INTERNATIONAL 6 Fall Stefano Manzocchi TRADE AND COMMERCIAL POLICIES LUXURY 6 Fall Alberto Festa MANAGEMENT M&A AND 6 Fall Luigi De Vecchi INVESTMENT BANKING TERRITORIAL 6 Fall Matteo Giuliano Caroli MARKETING STATISTIC METHODS FOR WEB MARKETING 6 Fall Pierpaolo D Urso

117 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 TRADE AND RETAIL MARKETING TRANSFORMING BUSINESS THROUGH DIGITAL INNOVATION 6 Fall Antonio Chirico 6 Fall Fabrizio Di Lazzaro, Massimo Tezzon 6 Fall Gabriele Gabrielli 6 Fall Gianluca Comin 6 Fall Matteo Giuliano Caroli 6 Fall Mauro Romano 6 Fall Giuseppe Di Taranto 6 Fall Cesare Amatulli 6 Fall Paolo Spagnoletti 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). 117

118 Elective Courses Economics and Finance COURSE CREDITS SEMESTER PROFESSOR ASSET PRICING AND To be assigned COMMODITIES ADVANCED To be assigned INDUSTRIAL ORGANIZATION EMERGING MARKETS 8 Fall Giovanni Ferri BUSINESS 8 Spring Roberto Dandi ORGANIZATION BUSINESS CRISIS 8 Spring Gaetano Casertano AND DEBT RESTRUCTURING ENTREPRENEURSHIP, INNOVATION AND 8 Spring Andrea Prencipe, Vangelis Souitaris TECHNOLOGY EUROPEAN To be assigned ECONOMIC HISTORY AND POLICIES EXPERIMENTAL AND 8 Spring Lisa Rustrom BEHAVIOURAL ECONOMICS INTERNATIONAL 8 Spring Stefano Manzocchi ECONOMICS MARKETING 8 Spring Alberto Marcati MONEY AND 8 Fall Paolo Paesani BANKING REAL ESTATE 8 Fall Gaetano Casertano FINANCE STOCHASTIC PROCESSES AND FINANCIAL APPLICATIONS To be assigned FINANCIAL AND CREDIT DERIVATIVES INTERNATIONAL FINANCE INTERNATIONAL TRADE AND COMMERCIAL POLICIES 8 Fall Nucera Federico Calogero 8 Fall Benigno Pierpaolo 8 Fall Stefano Manzocchi The elective courses need to be chosen by a minimum number of students defined by Academic Institution. 118

119 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). 119

120 DESCRIPTION OF COURSES (Alphabetical Order) Master Courses Economics and Business Management/Management/Business Consulting 1 E1-ACF1-GM: ADVANCED CORPORATE FINANCE Spring semester; 70 lectures; 7 hrs per week; 8 credits First Part. The Value of a Business. Basic Principles and Main Valuation Methods. Main Valuation Methods. Business Valuation Using Financial Methods: i. Discounted Cash Flow (DCF); ii. Cost of Capital. Other Valuation Methods: i. Multiples Method; ii. Equity Method; iii. Income Method; iv. Mixed Method; v. EVA Method; vi. APV Method. Second Part. Special Valuation Cases. Valuation of Shareholdings. Valuation of Groups. Valuation of Small and Start Up Businesses. Valuation of M&A Transactions. Valuation of Distressed Companies. Valuation of Intangibles: i. Trademarks; ii. Customer Relationships; iii. Licences. Other Activities: Professor: case studies, guest speakers, assignments written test, optional oral exam Vulpiani - M. Vulpiani, Lecture Notes. - M. Vulpiani, "Special Cases of Business Valuation", 1st edition, McGraw Hill. 2a ADVANCED MANAGEMENT CONTROL Fall semester; 60 lectures; 7 hrs per week; 8 credits 120

121 Layout of financial statements: IAS/IFRS vs. Italian GAAP. Analysis of economic and financial performance. Financial account and analysis of flows. Financial and income leverage. Value analysis, value drivers and value diagram. Other Activities: Prerequisites: Professor: case studies and papers basic knowledge of accounting written and oral exam 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 2b ADVANCED MANAGEMENT CONTROL Fall semester; 60 lectures; 7 hrs per week; 8 credits Management control: meaning, content, typology and evolution. Cost accounting. Analysis of financial statements. Budgeting. Management accounting and calculation of economic viability. Management performance and innovative reporting. Business plans. Benchmarking in management controls. Business process reengineering. Basel 2 and 3. Management controls in relation to madeto-order. Organisational, management and controls models pursuant to Legislative Decree No. 231/2001. Business appraisal. Other Activities: Prerequisites: Professor: case studies and papers basic knowledge of accounting Oral exam Basile U.Bocchino "La Guida del Sole 24 Ore al Controllo di Gestione" ed. 10/2011. Materials to be provided by the lecturer. 2c ADVANCED MANAGEMENT CONTROL Spring semester; 48 lectures; 7 hrs per week; 6 credits Layout of financial statements: IAS/IFRS vs. Italian GAAP. Analysis of economic and financial performance. Financial account and analysis of flows. Financial and income leverage. Value analysis, value drivers and value diagram. Other Activities: case studies and papers Prerequisites: basic knowledge of accounting Written exam (50%) Oral exam (50%) Professor: Izzo C. Caramiello F. Di Lazzaro G. Fiori, Indici di bilancio, Giuffrè; 121

122 Fabrizio Di Lazzaro, La performance del valore, Giappichelli; Fabrizio Di Lazzaro, Gianluca Musco, Esercizi svolti di metodologie e determinazioni quantitative d azienda, Giappichelli. Materials provided by the lecturer. 2d ADVANCED MANAGEMENT CONTROL Spring semester; 48 lectures; 7 hrs per week; 6 credits Layout of financial statements: IAS/IFRS vs. Italian GAAP. Analysis of economic and financial performance. Financial account and analysis of flows. Financial and income leverage. Value analysis, value drivers and value diagram. Other Activities: case studies and papers Prerequisites: basic knowledge of accounting Written exam (60%) Oral exam (40%) Professor: Bastia C. Caramiello, F. Di Lazzaro, G. Fiori, Indici di bilancio. Strumenti per l analisi della gestione aziendale, Giuffrè, Milano, F. Di Lazzaro, La performance del valore, Giappichelli, Torino, Materials provided during the lectures. Other materials uploaded on the course s webpage. 3a E1-BOHR3-GM: ADVANCED ORGANIZATION DESIGN (in English) Spring semester; 48 lectures; 7 hrs per week; 6 credits Organizations are complex entities, and understanding their inner workings takes more than memorizing ready-made recipes. The effectiveness of organizational practices often wrongly labeled as best changes greatly across time and space. Using insights from a variety of theoretical approaches, the course intends to equip students with the ability to develop inferences about organizational issues. To reach this aim, the course is designed to expose students to both rigorous and varied research traditions and real-world cases. The course covers four main areas: 1) Organizational behavior: cognition, motivation, learning, and decision-making; 2) Human resource systems: assessment, reward, and development; 3) Coordination mechanisms: prices, teaming, authority and agency, and culture and rules; 4) Organizational design: job design and firm structures. Prerequisites: Basic knowledge of the topics addressed in the Microeconomics and Economics and Management of Enterprise courses. Other activites: interactive lectures, team works, case studies, seminaris written test (50%) individual and team work assignment 50% Professor: Prencipe Textbook: Grandori, A Organization and Economic Behavior. 122

123 3b E1-BOHR3-GM: ADVANCED ORGANIZATION DESIGN (in English) Spring semester; 48 lectures; 7 hrs per week; 6 credits Organizations are complex entities, and understanding their inner workings takes more than memorizing ready-made recipes. The effectiveness of organizational practices often wrongly labeled as best changes greatly across time and space. Using insights from a variety of theoretical approaches, the course intends to equip students with the ability to develop inferences about organizational issues. To reach this aim, the course is designed to expose students to both rigorous and varied research traditions and real-world cases. The course covers four main areas: 1) Organizational behavior: cognition, motivation, learning, and decision-making; 2) Human resource systems: assessment, reward, and development; 3) Coordination mechanisms: prices, teaming, authority and agency, and culture and rules; 4) Organizational design: job design and firm structures. Prerequisites: Basic knowledge of the topics addressed in the Microeconomics and Economics and Management of Enterprise courses. Other activites: interactive lectures, team works, case studies, seminaris written test (50%) individual and team work assignment 50% (Prencipe) written test 50 % (final exam), team work executed during the course (presentations and group memos) 45 %, top five take-aways 5 % (Spagnoletti) Professor: Prencipe, Spagnoletti Textbook: Prof. Prencipe: Grandori, A Organization and Economic Behavior. Prof. Spagnoletti: Simon, H.A. The Sciences of the Artificial, MIT Press, Third Edition, E2-AM2-GM: ASSET MANAGEMENT Fall semester; 60 lectures; 7 hrs per week; 8 credits 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 Professor: oral exam Micillo Brown & Reilly - Investment Analysis and Portfolio Management - International edition, (2008-9th edition) (required) Litterman et al. - Modern Investment Management: An Equilibrium Approach (2003) 123

124 (recommended) Risk Budgeting, Second Edition: Risk Appetite and Governance in the Wake of Financial Crisis, edited By Leslie Rahl (2012) 5 AUDITING (in English) Fall semester; 60 lectures; 7 hrs per week; 6 credits; elective Auditing is a very diversified field and the various types of auditing will be explored, and the related competencies for each. Special attention shall be placed on the international models for internal control and risk management, including a critical comparative review. Continuous improvement of internal control and risk management is the focus of Internal audit, and the means for achieving efficiency and effectiveness is the challenge of the Internal auditing practice. Corporate boards count on Internal audit for assurance over internal governance and the reporting and communication towards the Board will be discussed at length in this course. Significant attention will also be placed on the field of external auditing which encompasses financial reporting governance objectives, with certain common areas of interest in relation to internal control. External auditing also covers international accounting principles. This various financial and aocrporate crises have placed increased attention on th value of auditing. This course is considered esential for any future business manager it provides the necessary knowledge to appreciate and distinguish two important fields, internal and external audit, tools for corporate governance. - Written test 75% -Individual work executed during the course 25% Professor: Dittmeier Committee of Sponsoring Organizations (COSO) Internal Control - Integrated Framework: Turning Principles Into Positive Action + Framework: BUNDLE ( ) Enterprise Risk Management- Integrated Framework, September 2004, /PC jsp The IIA Research Foundation, Internal Auditing: Assurance & Advisory Services, Third Edition ( cfm#sthash.mmdwnXLn.dpuf ) Brenda Porter, David Hatherly, Jon Simon, Principles of External Auditing, John Wiley & Sons, rd Edition edition, ( Porter/dp/ ) IIA Research Foundation, Control Assessment Model, 2014 ( 1. Literature/ Material in Italian: a. Internal Audit, chiave alla corporate governnce, C. Dittmeier, Egea.second edition, b. Pubblicazioni del Committee of Sponsoring Organizations of the Treadway Commission tradotte in lingua italiana Il sistema di controllo interno- Progetto Corporate Governance per l Italia, COSO I tradotto ed integrato in: PricewaterhouseCoopers, Milano, Il Sole 24 Ore,

125 La gestione del rischio aziendale, (traduzione del ERMa cura di AIIA E PRICEWATERHOUSECOOPERS, Il Sole 24 Ore, 2006 Il Controllo Interno per l Attendibilità del Financial Reporting,2008, traduzione del COSO III a cura di AIIA E PRICEWATERHOUSECOOPERS, Il Sole 24 Ore, BRAND MANAGEMENT Spring semester; 48 lectures; 3 hrs per week; 6 credits 1) introductive concepts to brand; 2)brand equity: creation and management; 3)brand equity: measurement; 4)brand equity: applications Other Activities: lectures, team works Prerequisites: Management and marketing team work (40%), final written exam (60%) Professor: Romani Keller, L. K., Apéria, T., Georgson, M Strategic Brand Management: A European Perspective, 2/E Financial Times Press. ISBN-10: ISBN-13: Other readings provided during the lectures. 7a BUSINESS ORGANIZATION (ADVANCED) Spring semester; 72 lectures; 7 hrs per week; 8 credits The course aims to teach students about the main categories of analysis and design of business organisation structures in order to develop an efficient capacity to assess the business contexts that underlie those processes and to establish operating needs and methods. The fundamental theoretical principles and operating processes of business organisation will be analysed, assessing organisational models having regard to the strategies chosen by the business and taking account of the products and relevant markets. Also examined in depth will be the main methods for an efficient management of resources and the introduction of innovation in business processes in public and private organisations. Professor: Written exam (40%), oral exam (40%) and team work (20%) Casalino Jones G.R., Organizzazione. Teoria, progettazione, cambiamento, Egea, 2012 o, in alternativa, Daft R.L., Organizzazione Aziendale, 5 ed., Maggioli-Apogeo, 2014 Casalino N., Piccole e Medie Imprese e Risorse Umane nell Era della Globalizzazione, Cedam, Padova, 2012 Other materials available at or provided during the lectures. 7b BUSINESS ORGANIZATION (ADVANCED) Spring semester; 72 lectures; 7 hrs per week; 8 credits 125

126 The theories of organisational design. The elements of organisational design. Objectives of organisational design. The division of labour. Coordination models. The levels of organisational design. The structural dimensions of organisational design. Strategy, organisational design and efficiency. Fundamental elements of organisational structure. Structural models. Case studies. Personnel evaluation. Career planning. Remuneration plans. Management by objectives. Professor: Written exam (40%), oral exam (40%) and team work (20%) Cicchetti Daft, R.L. Organizzazione Aziendale, Apogeo (Chapters 1, 2, 3,4) Cicchetti, A La progettazione organizzativa, Franco Angeli, Milano (chap. 1, 2) Costa e Giannecchini, Risorse umane, McGraw Hill (Chapters 1, 12 e 13) 8 BUSINESS MODELLING AND PLANNING (in English) Fall semester; 48 lectures; 7 hrs per week; 6 credits; elective To investigate on the instruments and tools useful to design innovative business models and their execution. Written test Other Activities: - traditional lecture - team works - cases studies - presentations and assignments Professor: Vicentini This course uses academic papers, industry reports and cases, indicated for each class 9 CAPITAL MARKETS (in English) Fall semester; 72 lectures; 7 hrs per week; 6 credits Introduction to Capital Markets and participants; fund raising and investments through Capital Markets; Debt Capital Markets issuance (bonds and other instruments), Equity Capital Markets transactions (IPO, Follows on); Derivatives Markets; the role of Capital Markets in M&A activity and processes Professor: Student assessment will be based on class participation and case study discussion (30%) and a written final exam (70%) Bruno 126

127 To be defined 10 COMPETITION AND HIGH-TECH MARKETS (in English) Fall semester; 72 lectures; 7 hrs per week; 8 credits; elective 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. Professor: take-home written exam; moot court; final oral exam Renda Competition, neutrality and diversity in the cloud, Communications & Strategies, Vol. 85, Issue 1, pages 20-35, 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 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, Available in draft format at Competition-regulation Interface in Telecommunications. What s left of the Essential Facilities Doctrine, Telecommunications Policy, Vol. 34, Issues 1-2, February-March 2010, at 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, Available at 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 (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 I own the pipes, you call the tune? The net neutrality debate and its (ir)relevance for Europe, CEPS Policy Paper, October At 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 More academic papers will be distributed at the beginning of the course to all students and posted on the course website. 127

128 11 COMMUNICATION STRATEGY AND ADVERTISEMENT TECHNIQUES Fall semester; 48 lectures; 7 hrs per week; 8 credits; elective 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 Professor: oral exam Comin 1. Pastore A., Vernuccio M., Impresa e comunicazione. Principi e strumenti per il management, Seconda edizione, Apogeo, Chapters 4, 6, 20 excluded. 2. Facoltativo: Autore: Gianluca Comin, Donato Speroni Titolo: La tempesta perfetta Editore: RIZZOLI, E1-CBL4-GM: COMPANY LAW Fall semester; 48 lectures; 7 hrs per week; 8 credits 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. Professor: oral exam Chiappetta, Niccolini, Blandini, Donativi, Di Amato Prof. Chiapetta: Francesco Chiappetta: Diritto del Governo Societario La corporate governance delle società quotate Terza Edizione, Cedam 2013; and AA.VV. Diritto delle Società Manuale breve ; Giuffrè 2012 only chaptersiv; V (only section 1 and section 2); VI; VII; VIII; IX; X; XI. 128

129 Prof. Niccolini: F. Ferrara - F. Corsi, Gli imprenditori e le società, Giuffrè, Prof. Blandini: Di Sabato - Blandini, Diritto delle società, Giuffrè, Milano 2011 Or, as an alternative, one of the following: AA.VV., Diritto delle società. Manuale breve, Milano, 2012 Associazione Preite, Diritto delle società, Bologna, 2012 Campobasso, Diritto delle società, Torino, 2011 Presti - Rescigno, Corso di diritto commerciale. Società, vol. II, Bologna, 2013 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. Donativi: Slides trattate nel corso delle lezioni. - Associazione Preite, Il diritto delle società, a cura di G. Olivieri, G. Presti e F. Vella, Il Mulino, ult. ediz.; - 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, ult. ediz. - 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, ult. ediz. - The parts of the book [Associazione Disiano Preite, Il diritto delle società (ult. ediz.)], which are included in the program: First part: solo il cap. II (I tipi di società) Second part (la società per azioni): all Third part (la società a responsabilità limitata): all, Sevent part: only chapter XX (I gruppi di società) and chapter XXII Sezione A (Scioglimento e liquidazione delle società di capitali). 13 CORPORATE AND INVESTMENT BANKING (in English) Spring semester; 48 lectures; 7 hrs per week; 6 credits Bank Loans: principles, politics and means, Assessment of credit worthiness, Bank loans practices Risk management and financing of corporate firm, Introduction to Capital Markets and partecipants; fund raising and investments through Capital Markets; Debt Capital Markets issuance (bonds and other instruments), Equity Capital Markets transactions (IPO, Follows on); Derivatives Markets; the role of Capital Markets in M&A activity and processes Professor: team work evaluation, written exam Comana Corporate finance,stephen A. Ross, Randolph W Westerfield, Bradford D Jordan, McGraw Hill Financial market and institutions, Anthony Saunders, Marcia Millon Cornett, McGraw Hill Bank management and financial services, Peter S. Rose, Sylvia C. Hudgins, McGraw Hill Investment Banking Explained: An Insider's Guide to the Industry, Michel Fleuriet, McGraw Hill 129

130 14 CORPORATE EVALUATION Fall semester; 60 lectures; 3 hrs per week; 8 credits; elective 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: Professor: Lectures and case studies oral and written exam Romano Recommended textbooks: - G. ZANDA, M. LACCHINI, T. ONESTI, La valutazione delle aziende, Giappichelli, Torino, VI edizione, For students following the course in english: T. KOLLER, M. GOEDHART, D. WESSELS, Valuation: Measuring and Managing the Value of Companies, 5a ed., Wiley, New York, It is useful to consult Guida alla valutazione di Borsa Italiana 2004, downloadable from: utazione_pdf.html Recommended readings: - A. RAPPAPORT, Strategic Analysis for More Profitable Acquisitions, in Harvard Business Review, July-August 1979, pp 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 A. DAMODARAN, Dealing with Intangibles: Valuing Brand Names, Flexibility and Patents, January 2006, scaricabile all indirizzo: 15 CORPORATE GOVERNANCE AND INTERNAL AUDITING Spring semester; 60 lectures; 7 hrs per week; 8 credits - Corporate governance: definition and function. - History of the development of systems of corporate governance. - The agency theory and its implications. - The "tunnelling effect" and its implications. - Corporate governance in systems of diffuse ownership: special features. - The single-tier system: main characteristics, strengths and weaknesses. - Corporate governance in systems of concentrated ownership: special features. - The two-tier system. - Corporate governance in Italy: evolution. - Italian legislation and self-regulation. - The role of internal controls in the process of corporate governance. - Evolution over time of the internal auditing function. 130

131 - First-level controls. - Second-level controls. - Interaction between internal auditing and corporate governance systems. Other Activities: Professor: lectures, case studes, guest speakers written exam Fiori, Scettri Assetti proprietari e corporate governance di Alessandro Zattoni, Egea Internal Auditing di Carolyn Dittmeier, Egea Corporate Governance, A synthesis of Theory, Research and Practice by H.Kent Baker, Ronald Anderson Other slides and articles provided by the lecturers. 16 E1-CorStr5-GM: CORPORATE STRATEGIES (in English) Spring semester; 60 lectures; 7 hrs per week; 8 credits 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? Custom Publishing Other Activities: Lecture and Business Case -Case analyses (team) -Project work (team) -Individual partecipation -Final written exam Professor: Marino 17 CREATIVE INDUSTRIES AND BUSINESS MODEL INNOVATION (in English) Spring semester; 48 lectures; 7 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. design, 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 131

132 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 creative 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 tools through interactive case discussion. Other Activities: - traditional lecture - team works - cases studies - presentations and assignments Assessment method: written test 30% (final exam) - oral (final exam) 20% team work 50% (final exam) Professor: Boccardelli This course uses academic papers, industry reports and cases, indicated for each class. 18 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 Other Activities: Professor: Full interaction, group works, business simulation Written exam, works in groups, classroom presentation Ibarra - Marketing Management (Kotler) - Digital Marketing: TBD - Digital Communication - Next Digital generation 19 E3-EM13 B: ECONOMICS AND MANAGEMENT OF ENERGY BUSINESS (in English) Fall semester; 60 lectures; 7 hrs per week; 8 credits; elective 132

133 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. 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. Professor: Final written test and a group project during the course Mori 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, Kirschen D, Strbac G, Fundamentals of Power System Economics, John Wiley & Sons, 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, 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. 20 ECONOMICS AND MANAGEMENT OF THE MEDIA Fall semester; 60 lectures; 7 hrs per week; 8 credits; elective 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: The strategies of the main groups. Other Activities: Professor: case studies and papers Oral exam Balestrieri 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. 21 FINANCE OF EXTRAORDINARY OPERATIONS Spring semester; 60 lectures; 7 hrs per week; 8 credits; elective 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: lectures and case studies 133

134 Professor: Oral exam Pansa 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. 22 E2-FM9-GM: FASHION MANAGEMENT (in English) Fall semester; 60 lectures; 7 hrs per week; 8 credits 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 134

135 Professor: participation, presentations, written exam Fei 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 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 Shaun Smith, Managing The Customer Experience, Turning customers into advocates, FT Prentice Hall E1-GEC10-GM: GLOBAL ECONOMIC CHALLENGES (in English) Fall semester; 96 lectures; 7 hrs per week; 12 credits 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: Prerequisites: Professor: class presentations and seminars basic macroeconomics and microeconomics Written exam Di Vaio The course will be based on class presentations and materials that can be found in one of the following textbooks: Feenstra R.C. and Taylor A., International Macroeconomics, Worth Publishers, GLOBAL ORGANIZATION DESIGN (in English) Spring semester; 48 lectures; 7 hrs per week; 6 credits Globalization and digitalization are two forces that have shaped the contemporary economic landscape and organizations should cope with them in order to stay competitive. Accordingly, this course consists of two specific modules: Organization design in global world, and the governance of Information Technology (and digital architectures in particular). These two fields of the organization science will be explored in their impact on the general process of strategy implementation. The course 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 governance of digital architectures. Part 1 (Organization Design):1. Origin and development of Organization Theory 2. Organization and Strategy: a Systemic Approach 3. The external environment 4. Organization design 135

136 5. Designing organizational structures 6. Designing jobs and workpractices 7. Designing intra-organizational relationships 9. Designing organizations for the international environment 8. Designing networked organizations 9. Shaping informal networks 10. Corporate Culture and Values Part 2 (governance of Information Technology): 1. Socio-technical systems 2. Characteristics, drivers and critical issues of the knowledge-based view of firms 3. Taxonomy of knowledge: the distinction between data, information, knowledge 4. Information Technology as a strategic tool 5. The processes for the creation, diffusion, and sharing of knowledge 6. Organization design and human resource management Not available at time of publication Other Activities: - traditional lecture - team works - role-playing or other kinds of simulation - cases studies - seminars - activities with enterprises and/or institutions - presentations and assignments Prerequisites: Students are requested to be familiar with the following topics: Main organization theories; basic challenges of organizational design; organization design, competences, and technology. Main references: JONES G. R., Organizational Theory, Design, and Change, 6/E, Prentice Hall, 2010 (ISBN-10: ; ISBN-13: ), DAFT,R. L., Understanding the Theory and Design of Organizations (international edition), 10th ed. South-Western, Division of Thomson Learning, 2009 (ISBN ) (all chapters). or equivalent. Marchegiani L. Information, Knowledge, Attention: ICTs and innovative organizations. The relation between humans, technology, and organizations. Lambert Academic Publishing, ) Written test 35% (final exam) 2) Group Project executed during the course (presentations and group memos) 45% 3) In class participation Professor: Marchegiani 136

137 25 HISTORY OF FINANCE AND FINANCIAL SYSTEMS Fall semester; 60 lectures; 7 hrs per week; 8 credits 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: Professor: lectures oral exam Di Taranto 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, IDEATION AND INNOVATION PROCESSES (in English) Fall semester; 48 lectures; 3 hrs per week; 8 credits; elective IPR economics, The new paradigm of openness, Innovation across network, Innovating by knowledge Integration and modularity advantage disadvantage of collaboration for innovation, Engaging new actors for innovation, How to manage innovation strategy Balancing Exploration & Exploitation: the trade-off, Turn organizations into innovative environment, Managing innovation in teams, Globalization: Innovation in the R&D subsidiaries, New trends in Innovation: Social innovation Other Activities: Professor: lectures, simulations, class discussions, case presentations Class participation, final presentation, written exam Rullani Not available at time of publication 27 INTELLECTUAL PROPERTY RIGHTS (in English) Spring semester; 48 lectures; 7 hrs per week; 6 credits The course deals with intellectual property rights (particularly patents) as legal tools as well as a peculiar and unique leverage 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, moving from the basic assumption of economic theory that justify intellectual property protection. The course will deal with all main types of intellectual property rights (patents, trademarks, copyrights, design registration) and trade secrecy, their subject-matter, their generation, international procedure for protection, requirements and enforcement. Furthermore, 137

138 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: A final written take-home exam will account for 80% of the final grade, whereas 20% will be determined according to class attendance and participation of students in the lab experiment and to the business games. To be defined Textbooks All topics of the course are covered in: Massimiliano Granieri, Intellectual Property for Managers. Law, Practice and Strategy, Rome: LUISS University Press, 2014 (ISBN: ) Further readings on specific topics will be provided by the instructor 28 INTERNATIONAL ACCOUTING STANDARDS (in English) Spring semester; 48 lectures; 3 hrs per week; 8 credits 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 Professor: Written exam Pinto D,Christian, N. Ludenbach, IFRS Essentials, Wiley, The lecture notes of each lesson will be published on the course website at the following address: before each lesson. 29 INTERNATIONAL ACCOUTING STANDARDS Spring semester; 72 lectures; 3 hrs per week; 8 credits; elective 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 Professor: Written exam Di Lazzaro, Tezzon 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. 138

139 30 E2-IB12-GM: INTERNATIONAL BUSINESS (in English) Fall semester; 60 lectures; 7 hrs per week; 8 credits 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 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 40% final exam 30% team project work 10% individual assignments (2 individual case analyses) 10% team assignment (1 team case analysis) 10% participation International Business: Competing in the Global Marketplace, 9th edition (GLOBAL), by Charles W.L. Hill, McGraw Hill. Coursepacket (containing the 10 Harvard Business Review cases listed in the syllabus. 31 E2-IF13-GM: INTERNATIONAL FINANCE Fall semester; 60 lectures; 7 hrs per week; 8 credits 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 Federal Reserve Bank of New York (2010), Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity. 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 Currency Futures Futures versus Forward contracts. Hedging (S): Chapter 6 Currency Swaps (S): Chapter 7 Currency Options Arbitrage, Hedging and Speculation (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. 139

140 Professor: written exam Benigno Sercu, Piet (2008) International Finance: Theory into Practice, Princeton University Press. (S) There is a course s web page available at which contains updated information on the syllabus and course s materials. 32 E2-ITCP15-GM: INTERNATIONAL TRADE AND COMMERCIAL POLICIES (in English) Fall semester; 60 lectures; 7 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? 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. Prerequisites: Professor: written and/or oral test Macroeconomics/Microeconomics Manzocchi Main Course References: 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). 33 E2-LM16-GM: LUXURY MANAGEMENT (in English) Fall semester; 60 lectures; 7 hrs per week; 6 credits 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. Professor: 1. Class participation (5%) 1,5 points 2. Course Projects (25%) 7,5 points 1. Final exam (70%) 21 points Festa 140

141 Not available at time of publication. 34 MARKETS, REGULATION AND LAW Fall semester; 70 lectures; 7 hrs per week; 8 credits 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 Prerequisites: Professor: Takehome, moot court, oral exam Good knowledge of microeconomics Renda 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. 35 E2-M&AIB17-GM: M&A AND INVESTMENT BANKING (in English) Fall semester; 70 lectures; 7 hrs per week; 8 credits The course will then discuss the key Investment Banking services (M&A, ECM, DCM etc) with detailed case studies for each product. Professor: written exam, case-article analysis, quizzes De Vecchi Fleuriet, Investment banking explained, McGraw-Hill Nanda, Delong and Roy, History of Investment Banking, Harvard Business School Morrison, A.D., Wilhelm, W.J., Investment Banking: Past, Present, and Future. Journal of Applied Corporate Finance, Volume 19 Number 1 Cendrowski, H., Petro, L.W., Martin, J.P., Wadecki, A.A., Private Equity: History, Governance, and Operations. Wiley Finance Das, U.S., Papapioannou, M., Pedras, G., Ahmed, F., Surti, J., Managing Public Debt and Its Financial Stability Implications. IMF Working paper Fraquelli, G., Erbetta, F., Privatization in Italy: an analysis of factors productivity and technical efficiency. Ceris-CNR, Working Paper. No. 5/1999 Goldstein, A., Privatization In Italy : Goals, Institutions, Outcomes, And Outstanding Issues. CESifo Working Paper No. 912 IMF, 2001 and Guidelines for Public Debt Management Lerner, J., The Future of Private Equity. European Financial Management, Vol. 17:3 Megginson W., L., Netter, J., M., From State To Market: A Survey Of Empirical Studies On Privatization. Journal of Economic Literature Bower, J. L., Not All M&A Are Alike - and That Matters. Harvard Business Review, March, p. 93 KPMG, March The Emerging Markets International Acquisition Tracker (EMIAT) Kumar, N.,2009. How Emerging Giants Are Rewriting the Rules of M&A. Harvard Business Review 141

142 Liaw, The Business of Investment Banking: A Comprehensive Overview, Wiley: chapter 7 Lipton, M., Merger Waves in the 19th, 20th and 21st Centuries. The Davies Lecture, Osgoode Hall Law School, York University Miller, E.L.J., Mergers and Acquisitions: A Step-by-Step Legal and Practical Guide. Wiley Iannotta, G., Investment Banking, Springer-Verlag Berlin Heidelberg: chapter 9 Kruse, T., Ownership, Control and Shareholder Value in Italy: Olivetti's Hostile Takeover of Telecom Italia. ECGI - Finance Working Paper No. 83/2005 Damodaran, Investment Valuation: Tools and Techniques for Determining the Value of Any Asset.Wiley Finance Rosenbaum, J. and Pearl, J., Investment banking : valuation, leveraged buyouts, and mergers & acquisitions. Liaw, The Business of Investment Banking: A Comprehensive Overview, Wiley: chapter 8, 9 McKinsey Global Institute, Mapping global capital markets 2011 Pagano, M., Panetta, F. and Zingales, L Why do companies go public?, An empirical analysis. The Journal of Finance, Vol. 53:1(1) PricewaterhouseCoopers, Economist Intelligence Unit, Capital markets in 2025: The future of equity capital markets Ablum, T., Burgis, M. B., Leveraged Buyouts: The Ever Changing Landscape. Depaul Business Law Journal, Vol. 13:109 Wachtell, Lipton, Rosen & Katz, Distressed Mergers And Acquisitions 36 E1-M18-GM: INTERNATIONAL MARKETING (in English) Fall semester; 60 lectures; 7 hrs per week; 8 credits The course will be divided into four main parts. In the first part, an overview of global marketing, including an understanding of this phenomenon, an analysis of consumer buying behavior and an examination of global market research tools and techniques is provided. The second parts offers an analysis of the environment that surrounds the companies engaging in international marketing. In particular, the main issues associated with analysis and selection of countries are discussed and the possible strategies that companies may follow to enter different international regions and markets are presented. In the third part, global marketing strategy, including segmentation, targeting and position are examined. The fourth part deals with the 4ps of marketing, by presenting the opportunity and potential risks associated with managing product and branding strategies, pricing, promotion and placement in the global arena. A final session discussing cultural shocks, diversity management and ethical issues concludes the course. Prof. Marcat: Participation and presentation + final exam Prof. Costabile: 30% team work, 70% written exam Professor: Costabile Textbook: I. Alon & E. Jaffe, Global Marketing. Contemporary Theory, Practice and Cases, McGraw Hill, LAW OF COMPANY IN CRISIS Fall semester; 60 lectures; 7 hrs per week; 8 credits 142

143 Discipline of judiciary and non judiciary procedures for companies in crisis, which are functional to reorganization or liquidation of the corporations. Oral exam. Seminars will be held during the semester Professor: Di Amato Textbook: As an alternative: 1)Nigro Vattermoli, Diritto delle crisi d impresa, Il Mulino, seconda edizione; 2012 con (salvo uscita della nuova edizione) tre appendici di aggiornamento reperibili on line all indirizzo 2) Lino Guglielmucci, Diritto fallimentare, Giappichelli, Quinta edizione; a/b E1-PMFR19-GM: PERFORMANCE MEASUREMENT AND FINANCIAL REPORTING Fall semester; 60 lectures; 7 hrs per week; 8 credits 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. - Slides - Selected academic accounting papers - Case studies Other Activities: case studies and papers written exam (70%), business case s study (30%) Professor: Izzo, Tiscini 39 PROJECT-BASED ORGANIZATION: DESIGN AND HUMAN RESOURCE MANAGEMENT (in English) Spring semester; 48 lectures; 7 hrs per week; 6 credits The course focuses on the critical knowledge and competences a project manager should have today in managing project-based organizations and human resources within projects. Besides understanding the project management framework and fundamentals (drivers, success and 143

144 strategy, performance criteria and process), a project manager should also be a leader and manage the project team and stakeholders. In addition, we will address the governance of projects with topics such as portfolio management and programs, developing capacilities for projects, international projects, and governing project-based organisations. During the course, cases with exercises and challenges of projects will be solved or discussed and the students will learn important methods to plan, lead and deliver projects. written test 50 % (final exam) team work (50%) Other activities: - traditional lectures - team works - role-playing or other kinds of simulation - cases studies - seminars - activities with enterprises and/or institutions - presentations and assignments Professor: Vicentini Textbook: Project-based organizations: design and human resource management Custom Edition, compiled by Professor Francesca Vicentini, McGraw-Hill. 40 RISK MANAGEMENT (in English) Spring semester; 60 lectures; 7 hrs per week; 8 credits 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? Textbook: Custom Publishing -Case analyses (team) -Project work (team) -Individual partecipation -Final written exam Other activities: Lecture and Business Case Professor: Marina 41 REMUNERATION SYSTEM AND HUMAN RESOURCES MANAGEMENT Spring semester; 48 lectures; 7 hrs per week; 6 credits; elective 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. 144

145 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 mid-term/long term incentivation schemes: variables and types. Economic and financial shareholding. Oral exam Other activities: Teamworks, discussions, presentations, guest speakers Professor: Gabrielli Textbook: Gabrielli G. (2010), People management. Teorie e pratiche per una gestione sostenibile delle persone, FrancoAngeli, Milano. 42 STRATEGIC MANAGEMENT OF INNOVATION (in English) Spring semester; 48 lectures; 7 hrs per week; 6 credits Topics Innovation sources and processes Taxonomy of innovation Sectoral patterns of innovation Geography of innovation Social capital and innovation Marketing innovation Organizing innovation process Implementation processes Managing innovation in complex product industries Building ambidextrous organizations Textbook: Not available at time of publication Active involvement in each class e.g. attendance, participation to discussion, short and long presentations will add up to 40% of the final grade. The grade will be further based on a written exam (60%). Professor: Prencipe/Souitaris 43 TRADE AND RETAIL MARKETING (in English) Fall semester; 48 lectures; 7 hrs per week; 6 credits Retailing has changed significantly over the past few years and is more and more inspired by luxury retailing, in order to reach the best performance in terms of effectiveness. Indeed, a variety of trends have converged to create a situation in which retail strategies are arguably the dominant influence on brand development. Nowadays, most of the 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 store is the place where customers can buy branded products 145

146 but also live the brand experience. In particular, luxury retail is a specialization which differs in many ways from general retail management and concerns concepts which continuously evolve along with customers buying behavior. Retail managers have to implement long-term strategies and at the same time deal with competition issues on a day-to-day 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 every sector and trade 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 retail management. Participants will understand the retail marketing 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. Textbook: - Group Project (Word document + final PowerPoint presentation): 40% Individual written exam: 40% Course participation: 20% Prerequisites: Basic knowledge of marketing management Professor: Amatulli 44 TOURISM MANAGEMENT (in English) Fall semester; 48 lectures; 7 hrs per week; 6 credits; elective In its first part, the course deepens the structure of the industry of tourism, by analysing the key players of the offer and the characteristics and trends of the demand. The second part is focused on territorial marketing to attract tourists; particular attention will be given to the development of the "product", branding and communication. 40% team work assignment 20% in class participation 40% written/oral exam Professor: Caroli Textbook: Papers, cases and lecturer's presentation slides will be provided at the beginning of the course. 45 TRANSFORMING BUSINESS THROUGH DIGITAL INNOVATION (in English) Fall semester; 48 lectures; 7 hrs per week; 6 credits; elective The course consists of three specific, although very related parts: the networked information economy, the architecture of digital artifacts and the digital transformation of business 146

147 organizations. The Plan area of the European e-competence Framework provides the structure for practical topics such as: Information Systems and business strategy alignment, Service level management, Business plan development, Product or project planning, Architecture design, Application design, Technology watching, Sustainable development - written test 30% - individual work executed during the course (e.g. assignments, paper writing, etc) 50% - team work executed during the course 20% Professor: Spagnoletti Textbook: Yin, R. K. (2009). Case Study Research: Design and Methods (p. 219). Sage Publications Benkler, Yochai (2006). The wealth of networks : how social production transforms markets and freedom /. Yale University Press,. Ciborra, Claudio (1993). Teams, Markets, and Systems: Business Innovation and Information Technology. Cambridge: Cambridge University Press. Ciborra, Claudio et al. (2000). From Control to Drift: The Dynamics of Corporate Information Infrastructures (p. 246). Oxford, Oxford University Press. Simon, H.: The Sciences of the Artificial. MIT Press (1996). Mumford, E. (2003). Redesigning human systems. IGI Global. 147

148 DESCRIPTION OF COURSES (Alphabetical Order) Master Courses Economics and Finance (in English) 1 ADVANCED MACROECONOMICS (MOSEC) Spring semester; 72 lectures; 7 hrs per week; 6 credits 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: Professor: lectures, problem sets final exam (50%), midterm exam (25%), and grades of three best problem sets (25%). Zeira Mainly articles, which students get in the Reading List. The students can also refer to two textbooks: Blanchard, Olivier J. and Fischer, Stanley, Lectures on Macroeconomics, MIT Press, Cambridge MA, Romer, David, Advanced Macroeconomics, second edition, McGraw Hill, New York, ADVANCED MICROECONOMICS (MOSEC) Spring semester; 72 lectures; 7 hrs per week; 8 credits Market 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: lectures, individual exercises Written test: Oral exam (optional) 0-20% Professor: Ponti 148

149 - Mas Colell, Andreu, Michael D. Whinston, and Jerry. R. Green (MWG), Microeconomic Theory, Oxford University Press, Kreps, David (KRE), A Course in Microeconomic Theory, Princeton University Press, Jean Tirole (TIR), The Theory of Industrial Organization. The MIT Press J-J Laffont (LAF), The Economics of Uncerteinty and Information, MIT Press Bolton, Patrick and Mathias Dewatripont (B&D), Contract Theory, The MIT Press Martin Osborne and Ariel Rubinstein (O&R), Bargaining and Markets, Academic Press Paul Milgrom (MIL), Putting Auction Theory to Work, Cambridge University Press, Klemperer, P. (KLE), Auctions: Theory and Practice, Princeton University Press, 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 Fall semester; 60 lectures; 7 hrs per week; 8 credits 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: Professor: lectures, team works, case studies, seminars Oral exam Micillo 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 BUSINESS CRISIS AND DEBT RESTRUCTURING Spring semester; 60 lectures; 7 hrs per week; 6 credits; elective Crisis management is the application of strategies designed to help an organization deal with a sudden and significant negative event. A crisis can occur as a result of an unpredictable event or as an unforeseeable consequence of some event that had been considered a potential risk. In either case, crises almost invariably require that decisions be made quickly to limit damage to the organization. For that reason, one of the first actions in crisis management planning is to identify an individual to serve as crisis manager. Other crisis management best practices include: Planning in detail for responses to as many potential crises as possible. Establishing monitoring systems and practices to detect early warning signals of any foreseeable 149

150 crisis. Establishing and training a crisis management team or selecting an external crisis management firm with a proven track record in your business area. Involving as many stakeholders as possible in all planning and action stages. In contrast to risk management, which involves assessing potential threats and finding the best ways to avoid those threats, crisis management involves dealing with threats before, during, and after they have occurred. It is a discipline within the broader context of management consisting of skills and techniques required to identify, assess, understand, and cope with a serious situation, especially from the moment it first occurs to the point that recovery procedures start. Other Activities: Professor: lectures, case studies, business games, oral exam Casertano Teaching materials 5 BUSINESS ORGANIZATION Spring semester; 60 lectures; 7 hrs per week; 6 credits; elective What is a business organization, Business organization design variables and design principles, Business organization and the environment, The business organization design process, Designing Macro-Structures, Designing inter-organizational linkages, Designing Micro-Structures, Designing vertical and horizontal linkages, Planning human resources Other Activities: Professor: lessons, case studies, guest speakers Written and oral exams. Students completing the group works may sustain the written exam only. Dandi "Organisation design. Re-defining comlex systems" by Nicolay Worren (Pearson) 6 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: Professor: lectures and practical sessions Midterm and final exam Ragusa 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. 150

151 7 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: Professor: lectures and seminars Written exam Ferri V. Dapice, G. Ferri: Financial Instability. Toolkit for Interpreting Boom and Bust Cycles, Palgrave/McMillan P. Aghion - P. Howitt: The Economics of Growth, The MIT Press, Additional materials will be distributed in class. 8 ENTREPRENEURSHIP INNOVATION AND TECHNOLOGY Spring semester; 60 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 Papers as indicated per each lesson Other Activities: lectures and seminars Prerequisites: Business Administration, Microeconomics Active involment in class (50%), Written exam (50%) Professor: Prencipe, Souitaris 151

152 9 EQUITY MARKETS AND ALTERNATIVE INVESTMENTS Spring semester; 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 for more. Other Activities: Professor: lectures and case studies Assessment on a Bloomberg case Fasano/Benedetti 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) 10 EXPERIMENTAL AND BEHAVIOURAL ECONOMICS Fall semester; 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: Lecture classes for a total of 15 hours Practice classes held at the Centro di Economia Sperimentale Roma Est (CESARE) for a total of 15 hours Class participation (15%) Student Presentation (35%) Final Research Paper on the design of a specific experimental project (50%) Professor: Rustrom 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 11 INTERNATIONAL FINANCE Fall semester; 60 lectures; 3 hrs per week; 8 credits; elective Currency Markets: The Spot Market (S): Chapter 3 Bank for International Settlements (2007), Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity. 152

153 Galati, G. and M. Melvin (2004), Why has FX trading surged? Explaining the 2004 triennial survey BIS Quarterly Review, December Federal Reserve Bank of New York (2010), Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity. 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 Currency Futures Futures versus Forward contracts. Hedging (S): Chapter 6 Currency Swaps (S): Chapter 7 Currency Options Arbitrage, Hedging and Speculation (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 Written exam Professor: Benigno Sercu, Piet (2008) International Finance: Theory into Practice, Princeton University Press. (S) There is a course s web page available at which contains updated information on the syllabus and course s materials. 12 INTERNATIONAL TRADE AND COMMERCIAL POLICIES Fall semester; 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? After sketching the main recent theories of the multinational firm, some empirical evidence and some case studies will be surveyed. 153

154 Students will actively participate in presenting and comparing specific experiences of multinational activity. Other Activities: Lectures, presentations by professionals, team work by the students Team presentations by students, written and/or oral exam Professor: Manzocchi 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). 13 FINANCIAL AND CREDIT DERIVATIVES Fall semester; 60 lectures; 3 hrs per week; 8 credits; elective 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 There will be two written examinations (mid-term and final). Each examination will weight 50% of the total mark. Professor: Nucera Options, Futures, and Other Derivatives, 8/E (global edition), Pearson 14 FINANCIAL MARKETS, INTERMEDIARIES 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: Professor: lectures and problem sets Midterm and final exam (written exams) Nucera F.S. Mishkin and S.G. Eakins, Financial Markets and Institutions, 7/ E (global edition), Pearson. 154

155 15 FIXED INCOME, CREDIT AND COMMODITIES Spring semester; 60 lectures; 3 hrs per week; 8 credits; elective The course is divided into four parts. The first part of the course covers the study of the shape of the Yield Curve and Bond Risk Premia in treasury market as well as the most important fixed income instruments such as zero coupon bonds, strips, repos, swaps and bond and money market future. The second part covers the determinants of Credit Risk Premia in sovereign and non sovereign markets, introduces the main types of corporate bonds and credit default swaps and analyze factors affecting their prices. The third part is on Commodities Futures and Dynamic Strategies in fixed income and commodity markets, such as carry, relative value and momentum. The fourth and final part of the course covers exogenous risk factors affecting the expected returns of fixed income securities markets (Monetary policy, inflation and the business cycle, Liquidity factor and Tail risk). Other Activities: lectures, seminars, team works - 1 hour Midterm exam (this will be taken during class and will : based on 3/ 4 questions. Covers application of basic formulas and discussion of main financial instruments introduced in class during part I, II and III of the course. = 20% - Written exam test at the end of the course = 40% (*)The written encourse exam will consist of six questions, which are broader in scope than in the midterm and can be in principle answered in plain english. - I strongly advise student to complete the exam before summer vacations (they may however register the grade after that). - Mandatory team project run during the course and to be delivered by December 10, % (**) The instructor reserves the rigth to waive thegroup exercise or to postpone the content of the midterm exam to the final exam for those students who have a valid reson to ask for it (e.g, working students, Double Degree Program students; Eramus students, etc.). The instructor I strongly advises students to complete the exam before the break summer vacations (they may however register the grade after that). Students willing to change their grade may take an additional oral exam worth (-3/30 to + 3/30 of their initial vote). Professor: Cybo-Ottone For each class, I will post on the course webiste the class slides. I will also assign chapt a major paper to read, which must be complemented with class notes. Section IV and V, as well as guest lectures, will be more open-ended. I will complement the assigned papers with my handouts and case studies. A. Illmanen (2011) Expected Returns: An Investor's Guide to Harvesting Market Rewards (ER) by Antti Ilmanen, John Wiley and Sons, (good to have but I do not mandate purchase). B. Tuckman and A.Serrat (2011) Fixed Income Securities. Tools for Today s Markets, Third Edition, 2011, Wiley Finance (FIS) Instructor handouts and case studies 155

156 Databases with major price data to be provided by the instructor All the relevant materials are available on the Course website. 16 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 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 M. Wickens, Macroeconomic Theory, Princeton University Press, 2008; D. Romer, Advanced Macroeconomics, McGraw Hill, 2006; Lecture Notes 17 MARKETING Spring semester; 60 lectures; 7 hrs per week; 8 credits; elective 1. Marketing, the marketing concept and the marketing process; 2. Consumer Buying Behavior; 3. Marketing Strategy and the Marketing Mix (product, price, distribution, communication) ; 4) Applications/exercises Other Activities: lectures, exercises, guest speakers, presentations, team projects class attendance and contribution (10%); group project and presentation (45%); written examination (45%) Professor: Marcati Armstrong, G., and Ph. Kotler, Marketing: An introduction, 11e, Pearson, MATHEMATICAL METHODS FOR ECONOMICS AND FINANCE (MOSEC) Fall semester; 72lectures; 7 hrs per week; 8 credits Part 1: Linear Algebra. 156

157 Part 2: Unconstrained Static Optimizazion Part 3: Constrained Static Optimizazion Part 4: Dynamic Optimization Other Activities: Professor: lessons and exercise lessons Written exam Gozzi MATEMATICS FOR ECONOMISTS, Carl Simon e Lawrence Blume, W.W. NORTON & COMPANY. Notes given by the teacher. 19 M&A AND INVESTMENT BANKING Spring semester; 48 lectures; 7 hrs per week; 8 credits; elective The course is divided into 4 parts: Part 1: Investment industry overview (including financial statement analysis) Part 2: The Sell Side: including advisory, banking, sales & trading, and client management. Part 3: The Buy Side: including fund management, principle investing. Part 4: International aspects of M&A and Investment Banking. 2. Learning Objectives. At the end of the course, students should be able to: A. Describe the role of the major industry players and the forces that drive success, competition, and change in the Investment Banking field. B. Develop precise, useful mathematical and editorial analyses for a range of business proposals. C. Demonstrate the business acumen, inquisitiveness, and research skills necessary to operate effectively as an analyst/associate in a full service investment banking firm. D. Exhibit social skills required in client driven firm in a highly competitive industry. Other Activities: lectures, case studies 85% Final exam 15% Class participation, homework, presentations, and quizzes Professor: Langer M&A: Miller, Mergers and Acquisitions, Legal and Practical Guide, Wiley, 2008 Excerpts: EY: Ernst & Young, Mergers and Acquisitions, Wiley, 1994 FS: Fraser, Ormiston, Understanding Financial Statements, 7th Edition, Prentice Hall, 2004 FI: Alexander, Sharpe, Bailey, Fundamentals of Investments, 3rd Edition, Prentice Hall, 2001 RB: Reilly, Brown, Investment Analysis and Portfolio Management, Thomson, 2006 CC: Greiner, Poulfelt, The Contemporary Consultant, Thomson, 2005 SM: Lasserre, Global Strategic Management, Macmillan, MICROECONOMIC ANALYSIS (MOSEC) Fall semester; 72 lectures; 7 hrs per week; 8 credits Theory of consumption and production: consumption and budget sets. Revealed preferences. 157

158 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: lectures, take-home exercises written test (75%), oral exam (25%) Professor: Pannaccione 1) A. Mas-Colell, M.D. Whinston, J.R. Green, Microeconomic Analysis, Oxford University Press, ) R. Gibbons, Game Theory for Applied Economists, Princeton University press, MONEY AND BANKING Fall semester; 72 lectures; 7 hrs per week; 8 credits; elective Fundamentals of money, credit and banking; Interest rates and asset prices; Financial System; The money supply process; Monetary theory: basic notions; Monetary policy theory: basic notions; The European Central Bank and the US Federal Reserve; The global financial crisis. Prerequisites: Introductory microeconomics, introductory macroeconomics. Class attendance (20%) Final exam (80%). Final exam consists of a written test including multiple choice questions and two open questions. Professor: Paesani 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 reference: 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 reading material covering the lectures of the week. 22a/b PERFORMANCE MEASUREMENT AND FINANCIAL REPORTING Fall semester; 80 lectures; 7 hrs per week; 8 credits The course focuses on the theoretical and practical processes of designing, implementing, and using financial statement and performance measurement systems. 158

159 159 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 Professor: Written exam Izzo, Tiscini - Slides - Selected academic accounting papers - Case studies 23 REAL ESTATE FINANCE Spring semester; 60 lectures; 7 hrs per week; 6 credits; elective The program is aimed at studying in depth every single subject and activity pertaining to the real estate industry: accordingly, a multidisciplinary approach was chosen, which enables the training of resources that can meet the needs of a market oriented to international standards. The Master was designed for those who wish to invest on their own development, enhancing their own personal effectiveness, but also those who aim at seizing an opportunity for promoting and valorising their human resources, by enhancing their skill-level, training and specialisation level benefiting from a highly qualified and international level training opportunity. Prerequisites: Professor: Corporate finance Oral exam Casertano Didactic materials, papers. 24 THEORY OF FINANCE Spring semester; 60 lectures; 7 hrs per week; 6 credits 1) Introduction 2) Portfolio theory and pratice 3) Equilibrium in capital markets 4) Fixed income securities 5) Options, futures and other derivatives 6) Applied portfolio management 159

160 Other activities Professor: Problem sets and written exam Lectures and TA sessions Borri 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. 160

161 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 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 Total credits for each degree course: 120 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 Economics and Business Management Year/Sem Assessment Credits ADVANCED ORGANIZATION DESIGN (In English) 1/S we 6 BRAND MANAGEMENT (in English) 1/S we 6 E1-BE(Adv)1-M BUSINESS ECONOMICS ADVANCED 1/F we/oe 12 (Economia dell Impresa corso progredito) E1-BO(Adv)2-M BUSINESS ORGANISATIONS (ADVANCED) 2/F we/oe 8 (Organizzazione Aziendale Avanzato) 161

162 E2-BS3-M BUSINESS STRATEGY 1/S we/oe 8 (Strategie d Impresa) E1-CL4-M COMPANY LAW 1/F oe 6 (Diritto Societario) CORPORATE AND INVESTMENT BANKING (In English) 1/S oe 6 E2-CF(Adv)5-M CORPORATE FINANCE (Advanced) 1/S we/oe 6 (Finanza aziendale - avanzato) E1-ECI6-M ECONOMICS OF BUSINESS, COMPETITION AND GLOBAL MARKETS (Economia dell impresa, della concorrenza e dei mercati globali) E1-EIEM(Adv)7-M ECONOMICS AND INTERNATIONAL ENTERPRISES MANAGEMENT (Economia e gestione delle imprese interazionali) 2/F we/oe 8 1/S we/oe 8 FINANCIAL MATHEMATICS (ADVANCED) 1/F we/oe 8 Matematica Finanziaria (progredito) E1-MC11-M MANAGEMENT CONTROLS ADVANCED 1/S we/oe 12 (Controllo di Gestione, progredito) OPERATIONS AND SUPPLY CHAIN MANAGEMENT (Management delle operazione e della supply chain) 2/S we/oe 6 LABOUR LAW AND INDUSTRIAL RELATIONS (Diritto del lavoro e relazioni industriali) 1/S we 6 NB: 162

163 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. Management/Marketing Year/Se m Assessment Credits E1-ACF1-GM 1/S we/oe 8 ADVANCED CORPORATE FINANCE E2-AM2-GM 2/F we 8 ASSET MANAGEMENT E1-CBL4-GM 1/F we 8 COMPANY AND BUSINESS LAW E1-CorStr5-GM 1/S we/oe 8 CORPORATE STRATEGIES CREATIVE INDUSTRIES AND BUSINESS MODEL INNOVATION E1-EMI8-GM ECONOMICS AND MANAGEMENT OF INNOVATION ENTREPRENEURSHIP AND VENTURE CAPITAL 1/S we 6 2/F we/oe 8 6 E2-FM9-GM 2/F we/oe 8 FASHION MANAGEMENT E1-GEC10-GM 1/F we 12 GLOBAL ECONOMIC CHALLENGES GLOBAL ORGANIZATION DESIGN 1/S we 6 IDEATION AND INNOVATION PROCESSES E1-IPRTT11-GM INTELLECTUAL PROPERTY RIGHTS 2/F oe/we 8 INTERNATIONAL STANDARDS ACCOUNTING 1/S we 6 163

164 E2-IB12-GM 2/F we/oe 8 INTERNATIONAL BUSINESS E2-IF13-GM 2/F we/oe 8 INTERNATIONAL FINANCE E2-IM14-GM 2/F we 8 INTERNATIONAL MARKETING INTELLECTUAL PROPERTY RIGHTS 1/S we 6 E2-ITCP15-GM 2/F we/oe 8 INTERNATIONAL TRADE AND COMMERCIAL POLICIES E2-LM16-GM 2/F we 8 LUXURY MANAGEMENT MARKETS, REGULATION AND LAW 1/F we/oe 6 E2-M&AIB17-GM 2/F we 8 M&A AND INVESTMENT BANKING E1-PMFR19-GM 1/F we/oe 8 PERFORMANCE MEASUREMENT AND FINANCIAL REPORTING PROJECT-BASED DESIGNA ND HRM ORGANIZATION: 1/S we 6 STRATEGIC MANAGEMENT OF INNOVATION 1/S we 6 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. 164

165 Business Consulting Year/Se m Assessment Credits AUDITING 1/F we/oe 8 (Revisione Aziendale) ADVANCEd MANAGEMENT CONTROL 1/S we/oe 6 (Controllo di gestione avanzato) ADVANCE CORPORATE FINANCE (In English) 2/S we/oe 6 BUSINESS ECONOMICS 1/F we/oe 12 (Economia dell Impresa) E1-CBL4-GM 1/F oe 8 COMPANY LAW (Diritto Societario) CORPOTE GOVERNANCE AND INTERNAL AUDITING ECONOMICS OF BUSINESS, COMPETITION AND GLOBAL MARKETS (Economia dell impresa, della concorrenza e dei mercati globali) 1/S we/oe 8 1/F we/oe 12 FINANCIAL MATHEMATICS (ADVANCED) 1/F we/oe 8 (Matematica Finanziaria, progredito) TECHNICS AND PROFESSIONAL ETHICS 1/S oe 8 (Tecnica e deontologia professionale) INSOLVENCY LAW 2/F oe 6 (Diritto della crisi di impresa) TAX LAW (advanced) 1/S we 6 (Diritto tributario avanzato) 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 165

166 published on the university website in the "cattedre online" section, which students are accordingly advised to check from time to time. Elective Courses (for the different Majors) Year/Sem Assessment Credits AUDITING 2/F we 6 BUSINESS MODELING AND PLANNING 2/F we 6 CAPITAL MARKETS 2/F we 6 COMPETITION AND HIGH-TECH MARKETS 2/F oe/we 6 COMMUNICATION STRATEGIES AND ADVERTISEMENT TECHNIQUES (Strategie di Comunicazione e tecniche di pubblicità) 2/F oe 8 CORPORATE EVALUATION 2/F we/oe 6 (Valutazione d azienda) DIGITAL MARKETING 2/F we 8 ECONOMICS AND MANAGEMENT OF THE MEDIA (Economia e gestione dei media) ECONOMICS AND MANAGEMENT OF ENERGY BUSINESS HISTORY OF FINANCE AND FINANCIAL SYSTEMS (Storia della Finanza e dei Sistemi finanziari) 2/F oe 8 2/F we 8 2/F oe 8 IDEATION AND INNOVATION PROCESSES 2/F we 6 INTERNATIONAL ACCOUNTING STANDARDS 1/S we/oe 6 INTERNATIONA BUSINESS 2/F we 6 INTERNATIONAL FINANCE 2/F we 6 166

167 INTERNATIONAL TRADE AND COMMERCIAL POLICIES 2/F we/oe 8 LUXURY MANAGEMENT 2/F we 6 M&A AND INVESTMENT BANKING 2/F oe 6 PLANNING AND CONTROL 2/F we/oe 6 REMUNERATION SYSTEMS AND HR 2/F we/oe 8 MANAGEMENT (Sistemi di Remunerazione e gestione delle risorse umane) STATISTIC METHODS FOR WEB MARKETING (Metodi statistici per il web marketing) 2/F we 6 TRADE AND RETAIL MARKETING 2/F we 6 TRANSFORMING BUSINESS THOUGH DIGITAL INNOVATION 2/F we 6 TOURISM MANAGEMENT 2/F we/oe 8 167

168 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 ASSET MANAGEMENT E2-CF(Adv)4-M CORPORATE FINANCE - ADVANCED 1/S we/oe 8 (Finanza aziendale avanzato) E2-ETI5-M ECONOMETRIC THEORY 1/Annual we/oe 8 E2-EMFAdI6-M ECONOMICS OF THE SECURITIES MARKETS 2/F we/oe 8 (Economia del mercato mobiliare) E1-EUI8-M ECONOMICS OF UNCERTAINTY AND INFORMATION (Economia dell Incertezza e dell Informazione) 1/S we/oe 8 E1-FML10-M FINANCIAL MARKETS LAW AND REGULATION FIXED INCOME, CREDIT AND COMMODITIES ECONOMICS, MARKETS AND FINANCIAL INTERMEDIARIES (Economia dei Mercati e degli intermediari finanziari) EQUITY MARKETS AND ALTERNATIVE INVESTMENTS 1/F we 8 2/F we 8 2/F oe 8 1/S oe/we 6 ECONOMICS OF UNCERTAINTY AND 1/S oe/we 8 168

169 INFORMATION (Economina dell incertezza e dell informazione) E1-IASI11-M INTERNATIONAL ACCOUNTING STANDARDS AND IFRS (Principi Contabili Internazionali e IFRS) 1/S we/oe 8 M&A AND INVESTMENT BANKING 1/S we 6 E1-MMEF12-M MATHEMATICAL METHODS FOR ECONOMICS AND FINANCE 1/F we/oe 8 E1-MacAn13-M MACROECONOMICS ANALYSIS 1/F we/oe 8 E1-MicAn15-M MICROECONOMICS ANALYSIS 1/F we/oe 8 E1-MTP16-M MONETARY THEORY AND POLICY 1/S we/oe 8 (Teoria e Politica Monetaria) SECURITIES MARKETS AND ECONOMICS 1/S we 8 (Economia del mercato mobiliare) PERFORMANCE MEASUREMENT AND FINANCIAL REPORTING 2/F we 8 E1-TSFE18-M TIME SERIES AND FINANCIAL ECONOMICS 1/F we/oe 8 (Serie storiche ed economia finanziaria ) THEORY OF FINANCE 1/S we 6 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. Elective courses 169 Semester Hours Assessmen Credits

170 t ASSET PRICING AND COMMODITIES ADVANCED INDUSTRIAL ORGANIZATION BUSINESS ORGANIZATION Spring 60 We/oe 8 BUSINESS CRISIS AND DEBT RESTRUCTURING Spring 60 oe 8 EMERGING MARKETS Fall 60 we 8 ENTREPRENEURSHIP, INNOVATION AND TECHNOLOGY Spring 60 we 8 EUROPEAN ECONOMIC HISTORY AND POLICY EXPERIMENTAL AND BEHAVIOURAL ECONOMICS Fall 60 we/oe 8 FINANCIAL AND CREDIT DERIVATIVES Fall 60 we 8 INTERNATIONAL ECONOMICS Spring 72 we 8 INTERNATIONAL FINANCE Fall 60 we 8 INTERNATIONAL TRADE AND COMMERCIAL POLICIES Fall 60 we/oe 8 MONEY AND BANKING Fall 72 we 8 REAL ESTATE FINANCE Fall 60 oe 8 STOCHASTIC PROCESSES AND FINANCIAL APPLICATIONS 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 170

171 published on the university website in the "cattedre online" section, which students are accordingly advised to check from time to time. 171

172 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 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. USEFUL INFORMATION FOR GUEST STUDENTS COST OF LIVING MONEY 172

173 On January 1 st, 2002 the Euro was introduced as legal currency in Italy, substituting the Italian Lira. Banks opening hours: Monday to Friday; 8.30 a.m p.m. and 2.45 p.m 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!). 173

174 MEALS At the university cafeteria: 3,20 (or 2,00 for reduced price) 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 FS- Ferrovie 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 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 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 p.m.) links Fiumicino International Airport with Termini Central Station. The price of the ticket is 11 for one ride. 174

175 A shuttle train called FM1 linea urbana, leaving every 15 minutes (from 5.57 a.m. to p.m.) links Fiumicino International Airport with Tiburtina Station. The price of the ticket is For information about bus and tram service (ATAC) call the toll-free number (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 ; ; ; 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, 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 ; fax , website: bncrm@cosput.it. - Biblioteca Universitaria Alessandrina, Piazzale Aldo Moro 5, 00185, tel , alessandrina@librari.beniculturali.it. 175

176 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, Roma, tel The university website has a special link to entertainment and various activities in Rome: 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, Rome, tel , sport@luiss.it, 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. 176

177 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 medium-weight 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, ) 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 , luiss@cts.it 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: 177

178 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 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 ; website: info@aptroma.com. 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 HOLIDAYS IN ROME January 1 st New Year s Day June 29 St. Peter and Paul January 6 Epiphany April 5 Easter Sunday (2015) April 6 Easter Monday (2015) April 25 Liberation Day May 1 st Labour Day June 2 Republic Day August 15 Assumption Day 178

179 November 1 st All Saints December 8 Immaculate Conception December 25 Christmas Day December 26 Boxing Day LUISS GUIDO CARLI WEB SITE and Information for guest students can be found on 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: Rome:

180 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 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 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. 3) TIMING 180

181 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 Mrs. Annamaria A. Ricciardi Mrs. Anna Liguori Mr. Michele Sorrentino Ms. Roberta Limone Mr. Simone Paratore Viale Romania, Rome - Italy Tel /642 Fax relint@luiss.it Web site 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. 181

182 ACADEMIC CALENDARS PLEASE NOTE THAT 2015/2016 ACADEMIC CALENDARS ARE NOT AVAILABLE AT TIME OF PUBLICATION. FOR FURTHER INFORMATION PLEASE CHECK LUISS WEB SITE: ACADEMIC CALENDAR: ITALIAN CRASH COURSE BACHELOR - MASTER Department OF Economics and Business Management; Department of Economics and Finance MANDATORY ARRIVAL DATE: SEPTEMBER Student Exchange Office (viale Romania 32) For all incoming exchange students ITALIAN TEST SEPTEMBER 4 Test at CLASSES BEGIN SEPTEMBER 5 CLASSES END SEPTEMBER 12 FIRST SEMESTER MANDATORY ARRIVAL DATE: SEPTEMBER Student Exchange Office (viale Romania 32) For all incoming exchange students CLASSES BEGIN SEPTEMBER 15 [*] 2014 CLASSES BEGIN SEPTEMBER CLASSES END DECEMBER EXAMINATION PERIOD FROM 11 DECEMBER TO 20 DECEMBER 2014 (one examination date for all courses) FROM 7 JANUARY TO 14 FEBRUARY

183 SECOND SEMESTER MANDATORY ARRIVAL DATE: For all incoming exchange students FEBRUARY Student Exchange Office (viale Romania 32) CLASSES BEGIN FEBRUARY CLASSES END MAY EXAMINATION PERIOD FROM 18 MAY TO 4 JULY 2015 EXCHANGE DEADLINES-ACADEMIC YEAR 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: 183

184 registration for fall and/or spring semester (same deadline for the spring semester) registration for the intensive Italian course (if applicable) May 31, 2015 (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, 2015 (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, 2015 (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. 184

185 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. 30 e lode Total Econ. Fin. Busin. Man. % of grades Previous ECTS Grading system 5,66 % A 19,08 % 9,36 % B 16,67 % 13,31 % 9,81 % 6,77 % 5,88 % 3,25 % 2,43 % 1,74 % 2,06 % 1,16 % 2,82 % 100% C D E FAQ FREQUENTLY ASKED QUESTIONS Admission / Enrolment 185

186 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 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 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? 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. 186

187 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 academic year the arrival dates are: Intensive Italian course : Mandatory arrival date: 3 September 2014 Classes begin: 5 September 2014 Classes end: 12 September 2014 Bachelor and Master Degrees - Department of Law : Fall semester: Mandatory arrival date: 11 September 2014 Classes begin: 15 September 2014 (II and III year classes at Bachelor level and II year classes at Master level of the Department of Economics) - 22 September 2014 Classes end: 6 December

188 Spring semester: Mandatory arrival date: 12 February 2015 Classes begin: 16 February 2015 Classes end: 16 May 2015 On the set arrival dates, the students should go to the Student Exchange Office for student mobility at 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 31 st. 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, , sports, and all the extra curricular activities 188

189 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. Full-year courses can only be taken by the students that will spend the whole academic year at 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 ( 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 bachelor degree or three years of study completed before departure; a very good command of Italian/English language; the necessary prerequisites; 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. Full-year courses can only be taken by the students that will spend the whole academic year at 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. 189

190 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 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 Fall semester: from 11 December to 20 December from 7 January to 14 February Spring semester: from 18 May to 4 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 as follows: DIDATTICA: facoltà area of study CATTEDRE ONLINE: name of the professor or of the subject cerca date esami. 190

191 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. 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 a.m. to 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 a.m. to 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. 191

192 LUISS GUIDO CARLI AREA MAP LUISS Guido Carli Main Campus: Viale Romania,32 Via di S. Costanza,5 To Viale Romania,32 Via Parenzo,1 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: - Library 192

193 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. 193