How To Understand And Understand The Philosophy Of Luiss Guido Carli

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1 ECTS Economics Academic Year 2010/2011 LLP ERASMUS

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

3 TABLE OF CONTENTS Page Introduction What is ECTS? 4 Education in Italy 7 LUISS Guido Carli 10 The Faculty of Economics 21 Bachelor Courses - General Course Structure 26 - Description of courses 45 - Summary Table of Courses 92 - Prerequisites 101 Master s Courses - General Course Structure Description of courses General Management Summary Table of Courses 137 Inter-Faculty Master s Degree Course 145 The School of Management 150 Useful information for Guest students 151 How do I apply for a period of study at LUISS? Academic calendar 160 Exchange deadlines Academic Year LUISS Guido Carli and ECTS - Grading System 161 FAQ Frequently Asked Questions 162 Luiss Guido Carli Area Map 168 All information contained in the package, while true at the time of publication, is subject to modification and should therefore be checked appropriately. 3

4 INTRODUCTION What is ECTS? The European Community promotes inter-university co-operation as a means for improving the quality of education to the benefit of students and higher education institutions alike. Student mobility constitutes a primary feature of that co-operation. The LLP Erasmus programme clearly demonstrates that a study period abroad can constitute a particularly precious experience, not only being the best way to discover countries, ideas, languages and cultures different from one's own but also because it is gaining a growing importance in the evolution of university and professional careers. The creation of a single European area in the field of education, where students and teachers can move freely without barriers, goes upon the recognition of the studies undertaken and the qualifications achieved abroad. For this reason ECTS - the English acronym for the European Community Course Credit Transfer System - was born, originally as a master plan within the framework of the previous Erasmus programme, with the aim of promoting academic recognition of studies undertaken abroad. The European Commission decided to include ECTS in the Socrates programme, in particular within Sector I reserved to higher education (Erasmus), given the conclusive effectiveness of the ECTS system. After the first stage planned for a limited application, ECTS is now becoming much more meaningful to the extent of becoming a permanent feature of the European context of higher education. ECTS is above all pursuing transparency, establishing the conditions necessary to bring institutions closer together and broadening the range of choices offered to students. Its application facilitates the recognition of students' academic results through to the use of widely understood standards - credits and grades - as well as a better understanding of the national systems of higher education. ECTS goes upon three basic elements: 1) Information on study plans and student results, 2) Reciprocal agreement (between the participating institutions and the student) and 3) The use of ECTS credits (values representing the working load done by the student). Principal Features of ECTS ECTS is thus founded upon three basic elements: information on study plans and student results, reciprocal agreement (between the participating institutions and the student) and the use of ECTS credits (values representing the workload done by the student). These three basic elements are effective through three fundamental documents: 1) The information brochure, 2) The application form/learning agreement and 3) The transcript of records, as to the studies done. But the essential aspect is that ECTS is activated by the students, the teachers and the institutions which intend to make studying abroad a whole part of the learning experience. Indeed, ECTS does not, in any way, determine the contents, the structure or the equivalence of study programmes. These qualitative aspects must be decided upon directly by the higher education institutions in the moment of setting, either through bilateral or multilateral agreements, the basis for a viable co-operation. The code of good practice proposed by ECTS 4

5 offers the interested parties the tools suitable to pursue transparency and academic recognition. Full academic recognition is a sine qua non condition of student mobility within the framework of the LLP Erasmus programme. Full academic recognition requires the period of study abroad (including exams and other forms of evaluation) to effectively substitute a comparable period of study (including exams and other forms of assessment) in the institution of origin notwithstanding the fact that there may be differences in the contents of the programme. ECTS goes on voluntary use and reciprocal trust at academic level among the participating institutions. Every institution chooses its own partners. Transparency ECTS guarantees transparency through the following instruments: ECTS credits, - a numerical value assigned to a course unit which represent the working load that a student must undertake in order to complete a given course unit. The credits express the quantity of work every course unit requires with respect to the global volume of work necessary to successfully complete a full year's study at the institution, that is: lectures, practical work, seminars, traineeships, research or surveys, personal study - either at home or in the library - together with exams and other forms of student assessment. ECTS is, therefore, based on the overall working load of the student and not merely limited to lecture hours. 60 credits represent the working load for a full academic year's study and, as a rule, 30 credits are equivalent to a semester and 20 credits to a trimester. The ECTS information brochure, which provides useful information to students and personnel about the institutions, faculties/departments, course organisation and structure as well as the individual course units. The ECTS learning agreement, which describes the study plan the student has to follow and indicates the ECTS credits that shall grant upon satisfactory completion thereof. The agreement binds the student to attend the host university's programme as the main part of their higher education, the institution of origin to guarantee the student full academic recognition of the credits obtained abroad and, the host institution to provide the agreed course units to the extent allowed by the academic calendar. The ECTS transcript of records, which presents the student's academic results in a clear, complete and comprehensible manner for each part and which must be easily transferable from one institution to another. To facilitate the academic recognition of the studies undertaken or completed abroad, good communication and flexibility are required. In this regard the ECTS co-ordinators carry out a fundamental role monitoring the academic and administrative aspects of ECTS. As a rule, it is necessary to make available to the students the entire range of course units of the department that implements ECTS, including those units relating to postgraduate studies. The students must be able to attend regular courses - and not especially set up for them - and must be given the opportunity to satisfy the demands of the host institution giving an academic qualification. Reliance on ECTS credits guarantees the organisation of programmes, which are reasonable in terms of working load for the period of study abroad. For instance, 120 ECTS credits for a year require a student to work twice as hard as an average student whose plan is 60 credits. At the same time, 30 ECTS credits for a year period correspond to a part-time studying. 5

6 ECTS, moreover, allows students to continue their studies abroad. In fact, it can happen that once the original study period is over the student may not wish to return to their original institution but may instead prefer to remain in the host institution - possibly to graduate from there - or move on to a third institution. Such decision may not be taken without the agreement of all institutions involved which in any case have to set the conditions to fulfil in order to graduate from the host institution or transfer to a third institution. The ECTS certificate is a chronology of the student's academic record and it can constitute a particularly useful instrument for the institutions to manage such a decision. 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 Primary education: 5 years of schooling beginning at age 6; Secondary education (first degree): 3 years of schooling beginning at age 11. Second cycle Secondary education (second degree): 5 years of schooling beginning at age 14. The higher secondary schools are of various types: classical, scientific, linguistic, artistic, technical and vocational studies as well as teacher training. At the end of the 5-year course, students take the examination to obtain the Diploma di Maturità in the specialised area they have chosen. This diploma grants admission to an Italian university. Grading System Until 1968, secondary school grading was on a scale of 0-10, 6 being the minimum passing grade. From 1969 to 1999, final marks were on a scale of 0-60, 36 being the minimum passing grade. Since 2000 a different system has been implemented: final marks are on a scale of 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 second-level Master s degree (Laurea Magistralis Master s Degree); while the third cycle, lasting from one to three years, leads to the award of either a doctorate or a specialised postgraduate degree. Teaching activity is organized in faculties, 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. 8

9 3a. Post-graduate Diplomas of Specialization These diplomas are given by schools offering special advanced courses in various professions. The limited places are reserved for university graduates or those with equivalent foreign qualifications. The courses last 2/3 years and include practical experience. Attendance is mandatory. The final examination is a defence of a written thesis. 9

10 LUISS GUIDO CARLI 1. NAME OF INSTITUTION LUISS - Libera Università Internazionale degli Studi Sociali Guido Carli, Rome, Italy. President Dott.ssa Emma Marcegaglia Rector Prof. Massimo Egidi General Manager Dr. Pier Luigi Celli Head, Student Exchange Office for Student Mobility Dr. Annamaria A. Ricciardi Student Exchange Office Viale Romania, Rome Italy Tel. +39/06/ Fax. +39/06/ [email protected] Website: 2. GENERAL DESCRIPTION Type LUISS Guido Carli is an independent university. It was established according to Article 1 of Italy s Higher Education Act, which gives independent universities full legal status while guaranteeing their autonomy in the areas of administration, teaching and discipline. Its degrees and diplomas have complete legal and academic recognition. 10

11 LUISS Guido Carli was set up in by a consortium of private and public companies, that re-organized a pre-existing Institution, Pro Deo. Its goal is to form students to assume the responsibilities of managing complex economic systems in both the State and private sectors. At present LUISS Guido Carli has three Faculties: Economics, Law and Political Science. Certain features characterize LUISS Guido Carli: a set number of students for the three faculties; 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. 2010/2011, is 7,500 for Political Science and Economics and 7,800 for Law. The annual tuition fee for the English-language Bachelor s Degree course in Economics and Business is 8,000. The annual tuition fee for Master s Degrees is 8,400. The newly introduced Master s Course in General Management has a tuition fee of 9,000. 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 Political Science classes are instead taken in the new seat. 11

12 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 Faculty of Economics (lecture rooms Bachelor and Master s): Office and Presidency, Viale Romania 32, Rome, tel.: , [email protected]. Opening hours are from 10 a.m. to 12 a.m. Mondays, Wednesdays and Fridays, and from 2.30 p.m. to 4.30 p.m. Tuesdays and Thursdays. III. The Faculty of Political Science (lecture rooms Bachelor and Master s): Office and Presidency, Viale Romania 32, Rome, tel.: , [email protected]. Opening hours are from 10 a.m. to 12 a.m. Mondays, Wednesdays and Fridays, and from 2.30 p.m. to 4.30 p.m. Tuesdays and Thursdays. IV. The Student Office Segreteria Studenti: Viale Romania 32, Rome, tel.: / , fax: , [email protected]. The Student Office deals with enrolment and supplies students with all the necessary information. Opening hours are from 9 a.m. to 12 a.m. Monday to Friday, and from 3 p.m. to 4 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.: , [email protected]. The Office is open from Monday to Friday. VI. The Computer Centre: Viale Romania, Rome, IT Services: tel.: , fax: ; Help Desk: tel.: , [email protected]. The Computer Centre is a support structure for research and teaching activities of Computer Sciences in the three faculties. It also provides consulting and support services for the other sectors of the university (institutes, centres, faculties and training courses). To this end, there are seven computer rooms and a university-wide network which also provides a link to the outside world via GARR, Internet and Itapac for the consultation of different databases. A satellite hook-up with Reuters network services is being prepared in order to have access to international financial data. The Computer Centre also supports all the administrative activities within the university, as well as management activities and library consultation, using a medium-high-powered mainframe (Olivetti-Hitachi 6460/160 IBM compatible with VM/ESA and VSE/ESA operating system with DBDC CICS/V SE). b) The Faculty of Law (lecture rooms, Student Office): Via Parenzo 11, Rome. The Student Office is located on the Ground Floor of the building, tel.: , fax: , [email protected]. Opening hours are from 10 a.m. to 12 a.m. Monday thorough Friday, and from 3 p.m. to 4 p.m. Tuesdays and Thursdays. c) The Library (Via di Santa Costanza 53, Rome, tel.: ; fax: ; [email protected]) holds about 120,000 books, over 2,000 paper journals (1,100 of which are current issues), 75 databases, and it provides access to over 30,000 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 12

13 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 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. d) Student facilities are organised by the University Union - Diritto allo Studio: Viale Gorizia 17, Rome, tel.: ; fax.: ; [email protected]. Detailed information can be obtained from the Union Office, open Monday to Thursday from 9 a.m. to 12 a.m. and from 2.30 p.m. to 4 p.m., and Fridays from 9 p.m. to 12 a.m. A desk is also at the students disposal in Viale Romania 32, Monday to Friday from 9 a.m. to 12 a.m. The University Union is responsible, among other things, for medical facilities (see below). Size Current enrolment is about 7,109 for all three faculties. The teaching staff numbers about 1, ACADEMIC CALENDAR Bachelor Degree academic year Fall semester September 20 * / September 27 December 18, 2010 * II and III year classes at Bachelor level and II year classes at Master level, of the Faculty of Economics Spring semester February 28 May 28, 2011 The same academic year applies to the Single Cycle Degree in Law. There are three examination periods: from January 10 to February 26, 2010; and from May 30 to July 18, 2011; approximately from September 1 to 10. Within each period one (in September), two or three dates (Appelli) are offered for each examination, and students may choose any one of the two or three. 4. REGISTRATION EU and non EU students EU and non-eu students will find specific and detailed information on the steps of the admission at LUISS as a foreign student on: Nevertheless, general information on admission requirements is reported below. General requirements Please Note: Not applicable to Exchange students 13

14 The number of students admitted to the first year is limited to allow best teaching conditions. A) BACHELOR DEGREE In the year 2011/2012 total enrolment will be 1300 students: Economics 600 Law 500 Political Science 200 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) fill up the application form 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 2011/2012 academic year will be held on April 12, A student who passes the April 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 1, 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 1, 2011 passes, it will no longer be possible to enrol for the 2011/2012 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 1, 2011: 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 1, 2011 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 1, 2011; privacy statement duly signed. 14

15 B) MASTER S DEGREE In a.y. 2011/2012 the total number of places available for the Master s two-year degree courses will be about 820: Economics about 560 Political Science about 260 LUISS graduates who have obtained at least 100/110 or better in their bachelor s degree will be given priority in admission without the need to sit an examination for such purposes. Graduates who have obtained a grade of lower than 100/110 in their first degree or graduates from other universities may be admitted subject to passing the entrance examination until the set number of places available is filled. The entrance examination consists in a written test which will be possible to take in either of the two following sessions: May 13, 2011; September 9, To attend the examination a 120 fee must be paid to the Student Office. 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 2010/2011 academic year (December 2010), who are admitted to attendance for the first semester of their chosen master's degree course; - LUISS students admitted following the exam of 13 May 2011; - students coming from other universities admitted following the exam of 13 May 2011, who enrolled/were admitted to attendance for the first semester by 1 July Within a week after graduation and in any case no later than December 2010 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). 15

16 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 1.000,00 per course for Bachelor subjects and 1.000,00 per course for Master subjects. The Student Office [email protected] takes care of registration for Corsi Singoli. EXCHANGE STUDENTS LLP ERASMUS PROGRAMME AND BILATERAL AGREEMENTS The Student Exchange Office (Viale Romania, Rome) deals with orientation and registration of students on exchange programmes (LLP 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. 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. 16

17 At their arrival, students must report to the Student Exchange Office at or at 2.30 p.m. (Viale Romania, Rome - tel.: /727- fax: [email protected]). They are highly recommended to arrive on the fixed dates. 5. COURSES, EXAMS, TRANSCRIPTS OF RECORDS The language of instruction is mainly Italian. Every year, LUISS offers some courses in English. The final list is available at the beginning of classes. The standard working load for LUISS students is about 30 credits/semester, including two language courses. Guest students are advised not to take more than the average working load. On making their choice of courses exchange students should: check the pre-requisites, avoid time-table clashes for attendance is compulsory, pick courses only at their level (Bachelor or Master). Full-year courses can only be taken by the students that will spend the whole academic year at LUISS. If these conditions are met, guest students have access to all the courses in the three LUISS Faculties. 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. 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 24 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 intensive Italian language courses in September for guest students who have been admitted to attend a semester or a year at the Faculty of Economics, Political 17

18 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 level; minute lessons for the intermediate level; minute lessons for the advanced level. Beginners Level The course is for absolute and false beginners, students who have attended 0-30 hours of lessons. Its aim is to enable participants to communicate on topics of immediate relevance (for example, give basic personal and family details, make purchases, describe surroundings and explain one's job). 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: Film shows followed by discussion; Meetings with Italian businessmen; Talks by LUISS Guido Carli professors; Guided tours. The activities and meetings develop topics already discussed in class and take into account the interests of individual participants. 18

19 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. Teacher: Dr. Concetta Amato 7. ACCOMMODATION Since LUISS does not have student dormitory facilities offered to Exchange Students, the Student Exchange Office does not take direct responsibility in providing accommodation. A private organisation, C.T.S., takes care of it according to the application forms received (by C.T.S. and the Student Exchange Office of LUISS Guido Carli) by May 31. Ask the LLP Erasmus Coordinator in your university for a copy of our Accommodation documents. Please read the booking conditions carefully, follow the instructions and complete the application form. 8. HEALTH AND INSURANCE Students from the EU are entitled to the services of the Italian National Health Service. However, they must bring along their European Health Insurance Card (E.H.I.C.). The University doctor is available to all LUISS Guido Carli students on Mondays, Wednesdays and Fridays from 3.30 p.m. to 4.30 p.m. and on Tuesdays and Thursdays from a.m. to a.m. at Viale Gorizia 17 (tel.: ; [email protected]). The University Union has also started up a preventive medicine service in collaboration with appropriately equipped hospital centres. Every student is entitled to general check-ups, and, if necessary, special tests. Exchange students are required to avail themselves of an insurance policy to cover risks or accidents during the period of study in Italy. 9. RESIDENCE PERMITS FOR NON-EU STUDENTS RESIDENCE PERMIT FOR NON-EU STUDENTS Non-EU students who intend to spend some time in Italy must request a residence permit no later than 8 working days from their arrival in Italy. How to obtain the residence permit for study reasons: Use the yellow kit which you will find in all postal offices. Carefully fill in the forms, following all the instructions. Together with the filled application, students must also bring: a valid passport; 19

20 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 FACULTY OF ECONOMICS Dean: Professor Giorgio Di Giorgio The aim of the Faculty of Economics 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: 1. Economics and Management Economia e Management o o o o Economics and Financial Markets Economia e Mercati Finanziari Company, Administration and Finance Control Amministrazione, Finanza e Controllo d Impresa Business Management Gestione d Impresa Marketing Marketing 2. Economics and Business degree in partnership with Utrecht School of Economics/Utrecht University (USE) Corso di laurea in collaborazione con Utrecht School of Economics/Utrecht University (USE) 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 degree in partnership with Utrecht School of Economics/Utrecht University (USE) In collaboration with a renowned University in The Netherlands, the Utrecht School of Economics/Utrecht University (USE), LUISS has developed an English-language Bachelor s 21

22 Degree Course in Economics and Business for a selected group of students. Part of the programme will take place in Utrecht (Netherlands) and part of it in Rome (Italy). Most of the courses in economics will be held in Utrecht while business courses are offered in Rome. The course will result in an Economics and Business Bachelor Degree. The Bachelor s Degree Course in Economics and Business is structured as follows: First Year: Business Management Finance and Economics Second Year: Business Management (in partnership with Utrecht School of Economics) Business Management (Rome LUISS) Finance and Economics Third Year: Business Management Finance and Economics The Programme provides a foundation for economics and business disciplines. It has a strong international focus and students can choose to either attend the entire program in Italy, or study one year in Italy and one in Holland (in partnership with Utrecht School of Economics - USE). Admission and Costs Applicants are selected on the basis of an admission test and the assessment of the CV. Exam application fee: 100 (approx. 132 $) Tuition: per year (approx $) Costs This course is subject to a regional tax that is fixed every year. For the next academic year the exact fee is still not available but will amount to approx. 115 (152 $). Career Opportunities 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. 22

23 Furthermore they will have the necessary background to study at Masters level in both business/management and economic/financial paths. Such Master studies are available at LUISS as well as USE. USE offers for example a one-year Master s Program in International Economics and Business while LUISS offers Master s Program in General Management could be an opportunity. MASTER S DEGREE TWO YEAR COURSES Corsi di Laurea Magistrale 1. Economics and Business Management Economia e Direzione delle Imprese 2. Economics and Finance Economia e Finanza 3. General Management (in English) 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 Enterpreneurship and Markets Imprenditorialità e Mercati Marketing Marketing Business Finance Finanza d Impresa Professional Studies Professionale 23

24 2. 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: Banks and Financial Intermediaries Banche e Intermediari Finanziari Quantitative Finance and Markets Finanza dei Mercati e Quantitativa Financial Economics (in English) 3. General Management This course, introduced in September 2006, is the first of its kind in Italy. It is taught entirely in English and it is formulated for Italian and foreign students who want to acquire highly specialized skills in International Business and Management. The course has been established in partnership with University of Fudan, Shangai, China, in order to promote cooperation between the two universities and the exchange among Chinese, Italian and foreign students in an international economic context. To this extent the first Sino-Italian university campus has been founded, in cooperation with another prestigious Italian university, Bocconi in Milan, to manage this multilateral academic project. The course has different areas of specialisation: First Year: International Business Finance Management of Innovation Luxury and Fashion E-Business and Management of Information Systems Second Year: International Business Finance Management of Innovation Luxury and Fashion 24

25 INTER FACULTY MASTER S DEGREE TWO YEAR COURSE In addition to the master s degree courses offered by the Faculty of Economics, there is also an inter-faculty two-year master s degree course open to graduates in different areas: Law and Economics Economia, Regole e Mercati This degree course consists of 120 credits. Didactic activity is organised in semesters. The course focuses above all on the reciprocal influences between the world of economics and the evolution of international law as well as the new opportunities afforded by economic and legislative changes. Graduates of the course will have developed significant analytical, decisionmaking and leadership skills to perform institutional and management functions in business as well as in national and international bodies. 25

26 GENERAL COURSE STRUCTURE BACHELOR DEGREE COURSES Economics and Management Economics and Financial Markets Company, Administration and Finance Control Business Management Marketing Economics and Business degree in partnership with Utrecht School of Economics/Utrecht University (USE) Business Management Finance and Economics : from 2 to 8 depending on the course Total credits for each degree course:

27 Economics and Management FIRST YEAR (FIRST YEAR COURSES COMMON TO ALL MAJORS) Fall semester BUSINESS ADMINISTRATION 8 Economia Aziendale ITALIAN PRIVATE LAW 8 Diritto privato COMPUTER SCIENCE 6 Abilità Informatiche MATHEMATICS (Fall and Spring semester) 12 Matematica Spring semester MICROECONOMICS 8 Microeconomia PUBLIC ECONOMIC LAW 6 Diritto pubblico dell Economia ACCOUNTING 8 Contabilità e Bilancio MATHEMATICS (Fall and Spring semester) 12 Matematica Learning Activities ENGLISH LANGUAGE* 6 Lingua Inglese (*) Not open to exchange students 27

28 SECOND YEAR (FALL SEMESTER SECOND YEAR COURSES COMMON TO ALL MAJORS) Fall semester FINANCIAL MATHEMATICS 8 Matematica Finanziaria STATISTICS 8 Statistica MANAGEMENT 8 Economia e Gestione delle Imprese Learning Activities ENGLISH LANGUAGE* 6 Lingua Inglese SECOND LANGUAGE* 4 Seconda Lingua (*) Not open to exchange students 28

29 Economics and Financial Markets Spring semester PUBLIC FINANCE 6 Scienza delle Finanze BUSINESS LAW 8 Diritto Commerciale CORPORATE FINANCE 8 Finanza Aziendale ECONOMETRICS 6 Econometria Company Administration, Finance and Control Spring Semester PUBLIC FINANCE 6 Scienza delle Finanze BUSINESS LAW 8 Diritto Commerciale CORPORATE FINANCE 8 Finanza Aziendale BUSINESS ORGANIZATION 8 Organizzazione Aziendale 29

30 Business Management Spring semester PUBLIC FINANCE 6 Scienza delle Finanze BUSINESS LAW 8 Diritto Commerciale CORPORATE FINANCE 8 Finanza Aziendale BUSINESS ORGANIZATION 8 Organizzazione Aziendale Marketing Spring Semester PUBLIC FINANCE 6 Scienza delle Finanze BUSINESS LAW 8 Diritto Commerciale CORPORATE FINANCE 8 Finanza Aziendale BUSINESS ORGANIZATION 8 Organizzazione Aziendale 30

31 THIRD YEAR Economics and Financial Markets Fall semester INDUSTRIAL ECONOMICS 8 Economia Industriale or ECONOMIC POLICY 8 Politica Economica MONETARY AND FINANCIAL MARKETS 10 Economia dei Mercati Monetari e Finanziari Spring semester ECONOMIC HISTORY 6 Storia Economica INTERNATIONAL ECONOMICS AND FINANCE 8 Economia e Finanza Internazionale ELECTIVE COURSES 16 Insegnamenti a scelta Learning Activities ENGLISH LANGUAGE* 6 Lingua Inglese SECOND LANGUAGE* 4 Seconda lingua FINAL EXAM (Graduation Thesis ) 4 Elaborato finale (*) Not open to exchange students 31

32 Company Administration, Finance and Control Fall semester BANKING AND FINANCIAL BROKERAGE 8 Banche e Intermediari Finanziari BUSINESS ORGANIZATION 8 Organizzazione Aziendale Spring semester INFORMATION SYSTEMS FOR BUSINESS 8 Organizzazione dei Sistemi Informativi Aziendali MANAGEMENT CONTROLS 8 Controllo di Gestione ELECTIVE COURSES 16 Insegnamenti a scelta Learning Activities ENGLISH LANGUAGE* 6 Lingua Inglese SECOND LANGUAGE* 4 Seconda lingua FINAL EXAM (Graduation Thesis ) 4 Elaborato finale (*) Not open to exchange students 32

33 Business Management Fall semester INDUSTRIAL ECONOMICS 8 Economia Industriale BUSINESS ORGANIZATION 8 Organizzazione Aziendale Spring semester OPERATIONS MANAGEMENT 8 Gestione della Produzione (Operations Managament) MANAGEMENT CONTROLS 8 Controllo di Gestione ELECTIVE COURSES 16 Insegnamenti a scelta Learning Activities ENGLISH LANGUAGE* 6 Lingua Inglese SECOND LANGUAGE* 4 Seconda lingua FINAL EXAM (Graduation Thesis ) 4 Elaborato finale (*) Not open to exchange students 33

34 Marketing Fall semester INDUSTRIAL ECONOMICS 8 Economia Industriale BUSINESS ORGANIZATION 8 Organizzazione Aziendale Spring semester INTERNATIONAL MARKETING 8 Marketing Internazionale SERVICE MARKETING 8 Marketing dei Servizi ELECTIVE COURSES 16 Insegnamenti a scelta Learning Activities ENGLISH LANGUAGE* 6 Lingua Inglese SECOND LANGUAGE* 4 Seconda lingua FINAL EXAM (Graduation Thesis ) 4 Elaborato finale (*) Not open to exchange students 34

35 Elective courses The following Bachelor courses will be activated with a minimum of 20 students. Elective courses in Italian COURSE CREDITS SEMESTER PROFESSOR BANKING LAW Diritto Bancario 8 ss Pellegrini ECONOMIC POLICY Politica Economica 8 fs Neri HISTORY AND THEORY OF ECONOMIC DEVELOPMENT Storia e Teoria dello Sviluppo Economico 8 fs Farese HISTORY OF ECONOMIC THOUGHT Storia del Pensiero Economico 8 ss Di Taranto HISTORY OF ENTERPRISE AND BUSINESS ORGANISATION Storia dell Impresa e dell Organizzazione Aziendale 8 ss Taccolini HUMAN RESOURCES ORGANISATION AND MANAGEMENT Organizzazione e Gestione delle Risorse Umane 8 fs Gabrielli INDUSTRIAL MARKETING Marketing Industriale 8 ss Lanzara 35

36 INTERNAL AUDITING, COMPLIANCE AND THE MANAGEMENT OF BUSINESS RISKS Revisione Interna, Compliance e Gestione dei Rischi Aziendali 8 ss Ferrari/Ricci LOGISTICS AND THE SUPPLY CHAIN Logistica e Supply Chain 8 fs Perrone MERGERS AND ACQUISITIONS Operazioni di Finanza Straordinaria 8 ss Potito MONETARY AND CREDIT ECONOMICS Economia Monetaria e Creditizia 8 ss Di Giorgio PSYCHOLOGY AND ECONOMICS Psicologia ed Economia 8 fs Castelfranchi PUBLIC UTILITY ECONOMICS Economia dei Servizi di Pubblica Utilità 8 fs Marcuccio SOCIAL SCIENCES METHODOLOGY Metodologia delle scienze sociali 8 fs Infantino TAX ECONOMICS Economia dei Tributi 8 fs Valiani 36

37 Elective courses in English COURSE CREDITS SEMESTER PROFESSOR ASSET PRICING AND COMMODITIES 8 fs R. D Ecclesia ECONOMIC GROWTH AND DEVELOPMENT 8 ss Zeira Di Vaio INTERNATIONAL ECONOMICS 8 ss Petrucci MARKETS AND STRATEGIES 8 ss Devetag MONEY AND BANKING 8 ss Nisticò SOCIAL CHOICE 8 fs Hey - Pasca 37

38 Economics and Business (in Partnership with Utrecht School of Economics) FIRST YEAR (FIRST YEAR COURSES COMMON TO BOTH MAJORS BUSINESS MANAGEMENT AND FINANCE AND ECONOMICS ) Fall semester INTRODUCTION TO BUSINESS ECONOMICS 8 PRINCIPLES OF CIVIL LAW 8 MATHEMATICS 1 10 Spring semester ACCOUNTING 8 STATISTICS 10 MICROECONOMICS 8 38

39 SECOND YEAR Business Management (LUISS) Fall semester MACROECONOMICS 8 INDUSTRIAL ORGANIZATION 8 APPLIED STATISTICS AND ECONOMETRICS 8 Spring semester INTRODUCTION TO THE ECONOMICS OF EUROPEAN INTEGRATION 8 FINANCIAL MARKET AND INTERMEDIARIES 8 MARKETING 8 MANAGEMENT 8 Learning activities ELECTIVES 16 PROJECT WORK 4 INFORMATION SYSTEMS (to be attended on third year) 6 FOREIGN LANGUAGE 6 INTERNSHIPS or SECOND LANGUAGE 4 39

40 Business Management (Utrecht) Fall semester MACROECONOMICS 8 COMPETITION THEORY 8 APPLIED STATISTICS AND ECONOMETRICS 8 Spring semester INTRODUCTION TO THE ECONOMICS OF EUROPEAN INTEGRATION 8 CORPORATE FINANCE 8 ELECTIVE ELECTIVE Learning activities ELECTIVES 16 PROJECT WORK 4 INFORMATION SYSTEMS (to be attended on third year) 6 FOREIGN LANGUAGE 6 INTERNSHIPS or SECOND LANGUAGE 4 40

41 Economics and Finance Fall semester MACROECONOMICS 8 INDUSTRIAL ORGANIZATION 8 ECONOMETRICS 8 Spring semester MATHEMATICS FINANCE 8 PROBABILITY AND STATISTICS 10 FINANCIAL MARKETS AND INTERMEDIARIES 8 Learning activities ELECTIVES 16 PROJECT WORK 4 INFORMATION SYSTEMS (to be attended on third year) 6 FOREIGN LANGUAGE 6 INTERNSHIPS or SECOND LANGUAGE 4 41

42 THIRD YEAR Business Management Fall semester INFORMATION SYSTEMS 6 BUSINESS ORGANIZATION 8 EU ECONOMIC POLICIES AND HISTORY 8 (course for students attending their second year - a.y. 2009/ at Utrecht) Spring semester LAW AND ECONOMICS 8 CORPORATE FINANCE 10 Learning activities ELECTIVES 16 PROJECT WORK 4 FOREIGN LANGUAGE 6 INTERNSHIP OR SECOND LANGUAGE 4 INFORMATION SYSTEMS (to be attended on third year) 6 42

43 Economics and Finance Fall semester INFORMATION SYSTEMS 6 CAPITAL MARKETS 8 Spring semester LAW AND ECONOMICS 8 CORPORATE FINANCE 10 MATHEMATICS FINANCE 8 Learning activities ELECTIVES 16 PROJECT WORK 4 FOREIGN LANGUAGE 6 INTERNSHIP OR SECOND LANGUAGE 4 INFORMATION SYSTEMS (to be attended on third year) 6 43

44 Elective courses COURSE CREDITS SEMESTER PROFESSOR ASSET PRICING AND COMMODITIES 8 fs R. D Ecclesia ECONOMIC GROWTH AND DEVELOPMENT 8 ss Zeira Di Vaio INTERNATIONAL ECONOMICS 8 ss De Arcangelis MARKETS AND STRATEGIES 8 ss Devetag MONEY AND BANKING 8 fs Nisticò SOCIAL CHOICE 8 fs Hey - Pasca 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. 44

45 DESCRIPTION OF COURSES (Alphabetical Order) Bachelor Courses Economics and Management 1 a/b/c/d E1-Acc1a/b/c/d-B: ACCOUNTING Spring semester; 70 lectures; 7 hrs per week; 8 credits The purpose of the course is to complete students' knowledge of accounting language and how to prepare financial statements. Taking as a point of departure the examination of a business' activities, the course will analyse the financial and economic elements that comprise the balance sheet and will examine the relevant legal and tax rules in this regard. Prerequisites: Other activities: Professors: Business Administration practical work, case studies written and oral exam Onesti, Fortuna, Pinto, Sarcone Onesti: G. Zanda, Il bilancio delle società. Lineamenti teorici e modelli di redazione, Giappichelli, Torino, T. Onesti (a cura di), Esercitazioni di Economia Aziendale, Giappichelli, Torino, 2002; From the Civil Code: Articles 2364, from 2214 to 2220, from 2423 to 2435-bis (articles 2432 and 2434-bis excluded); Il Diritto. Enciclopedia giuridica del Sole 24 Ore, vol. II, Bilancio di Esercizio, pages , and Bilancio Consolidato, pages (provided by the lecturer); Further material will be provided at the beginning of the semester. Fortuna: F. Fortuna et al., Con noi in azienda, vol. 3, Firenze, Le Monnier, 2010; F. Fortuna (a cura di), Raccolta di norme per l esame di Stato, Firenze, Le Monnier, latest edition. Further material will be provided at the beginning of the semester. Pinto: Ferrero, Dezzani, Pisoni, Puddu, Campra, Contabilità e Bilancio d' Esercizio, Giuffrè Editore (latest edition); or Cerbioni, Cinquini, Sostero, Contabilità e bilancio, McGraw-Hill (latest edition). National accounting standards issued by the Italian Accounting Body (OIC-Organismo Italiano di Contabilità). IFRS-IAS issued by the IASB, as approved by the European Union. Provisions governing the preparation of financial statements: 45

46 - from a general legal standpoint (Book V - Chapter V- Section IX - Financial Statements: articles 2423 to 2435-bis of the Civil Code); - from a tax standpoint (Income Tax Code - Chapter II - Section I - Determination of the Tax Base - articles ). Further material will be provided on Sarcone: C. Caramiello, Ragioneria Generale ed Applicata, Mursia; S. Sarcone, Il bilancio di esercizio nella disciplina civilistica, UniversItalia, Roma, 2009; Further material will be provided on 2 E3-APC2-B: ASSET PRINCING AND COMMODITIES Fall semester; 70 lectures; 7 hrs per week; 8 credits; elective The student examines advanced topics in pricing methodologies for financial securities. Starting from the binomial asset pricing theory the course will proceed with the development of no arbitrage models in continuous time. The pricing of complex derivative securities will also be addressed. The course provides a thorough analysis of commodity markets (metals, agriculturals, and energy class -crude oil, coal, natural gas and electricity), their specificities and how they differ from bond and stock markets. The students will get familiar with the Exchanges, the instruments, the hedging and trading strategies. Other activities Assessment Professor lectures and seminars based on case studies Home assignment: submitted to the students and handed after one week. Mark 30% End of course examination: This should be an open book exam based on a set of questions in increasing order of difficulty. Mark 70% D Ecclesia Paul Wilmott, Paul Wilmott on Quantitative Finance, John Wiley & Sons, 2000, ISBN ; John C. Hull, Options, Futures and Other Derivatives, 7th Edition, Prentice Hall, 2008, ISBN ; Steven E. Shreve, Stochastic calculus for finance, Springer Finance Textbook Volume I and II, ISBN 13: ISBN ; Robert Merton, Continuous time finance. Prentice Hall; H. Geman (2008) Commodity Markets: Wiley & Sons E3-BFB3-B: BANKING AND FINANCIAL BROKERAGE Fall semester; 70 lectures; 7 hrs per week; 8 credits Introduction and overview of financial markets and instruments. Theory of brokerage and the functions of financial brokers. Financial brokers: management, risks and regulation. Banks. Insurance companies and pensions funds. Mutual funds, stock brokerage firms and investment banks. 46

47 Other activities Assessment Professor practical work, exercitations oral exam Comana, Curcio Comana: Nadotti L., Porzio C., Previati D., Economia degli intermediari finanziari, McGraw-Hill, Milano, Recommended books: Saunders A., Cornett M.M., Anolli M., Economia degli intermediari finanziari, McGrraw-Hill, Milano, Curcio: Saunders A., Cornett M.M., Anolli M., Economia degli intermediari finanziari, McGrraw-Hill, Milano, Other reading material will be indicated at the beginning of the semester. 4 E3-BL4-B: BANKING LAW Spring semester; 70 lectures; 6 hrs per week; 8 credits; elective The course will focus on banking law and procedures. Legislation and banking. Regulatory instruments. Banking and Finance. Financial intermediaries and non-banking intermediaries. Bank and industry. Banking crises and solutions. 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 (chapters 6,7, 11, 13, excluded). 5a/d E1-BA5a/d-B: BUSINESS ADMINISTRATION Fall semester; 70 lectures; 7 hrs per week; 8 credits The business system and its characteristics The aims of the business The identity of the business The organisational set up of the business Capital and income: an introduction The logic and system of values connected with management operations The circuit of management operations Funding The acquisition of the factors of production Sale Recording transactions and financial statements The accruals principle Income for the financial year and associated working capital 47

48 Rules governing statutory financial statements: an introduction The double entry system of accounting as applied to income Recording the main transactions Conditions for the economic and financial balance of the business Prerequisites: Professor: Accounting written and oral exam Musaio C. Caramiello, L'azienda, Milano, Giuffrè; C. Caramiello, Capitale e reddito, Milano, Giuffrè; C. Caramiello, Ragioneria generale e applicata, vol. I, Milano, Mursia. 5b E1-BA5b-B: BUSINESS ADMINISTRATION Fall semester; 70 lectures; 7 hrs per week; 8 credits The course is divided into four parts: I. Business administration, the concept of business and the relationship between business and the outside world; II. The management and organisation of the business; III. Management information; IV. The system of family businesses in the Italian economy. Prerequisites: Professor: Accounting written and oral exam 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, c E1-BA5c-B: BUSINESS ADMINISTRATION Fall semester; 70 lectures; 7 hrs per week; 8 credits Introduction to business administration. The business. Management and dynamics of value. Accounting and administrative systems. Management conditions. Analysis of strategic risk. Prerequisites: Other activities: Professor: Accounting 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. 48

49 6 E2-BL6a/b/c/d-B: BUSINESS LAW Spring semester; 70 lectures; 7 hrs per week; 8 credits Main topics: Historical development and sources of commercial law. The entrepreneur. The imputation of business activities. Agricultural and commercial entrepreneurs. Small businesses. The legal status of a commercial entrepreneur. The Registrar of Companies. Compulsory bookkeeping. Collaborators of the commercial entrepreneur: chief executive officers, attorneys-infact, sales staff. The company and its distinctive markings (brand name, logo and trade mark). Consortia among businesses. The market and anti-trust law. Credit securities. Banking contracts. Companies. General considerations. Partnerships: simple companies, general partnerships, limited partnerships. Joint-stock companies: notion, incorporation, shares, bonds, financial instruments, organisation and decision-making processes. Limited liability companies: notion and incorporation, shares and debt securities, organisation and decision-making processes. Partnerships limited by shares. Transformation, merger and de-merger. Cooperative societies. Listed companies. Corporate crises: bankruptcy, insolvency, supervised administration, special administration for large corporations in crisis and compulsory winding-up. Prerequisites: Professor: Italian Private Law written and oral exam Niccolini, De Angelis, Lener, Palmieri Niccolini: G.F. Campobasso, Diritto Commerciale.1. Diritto dell impresa, 6th edition, Utet, 2008; G.F. Campobasso, Diritto Commerciale.2. Diritto delle società, 7th edition a cura di M. Campobasso, Utet, 2009; G.F. Campobasso, Diritto Commerciale.3. Contratti. Titoli di credito. Procedure concorsuali, 4th edition, Utet, 2008 (pages and ); or G. Ferri, Manuale di diritto commerciale, 12th edition, a cura di C. Angelici e G.B. Ferri, Utet, 2006, (pages 3-610, , ); or V. Buonocore (a cura di), Manuale di diritto commerciale, 9th edition, Giappichelli, 2008, (pages and ). De Angelis: Ferrara, Corsi, Gli imprenditori e le società, XVI ed., Giuffrè, Milano, 2009; or Autori Vari, Diritto commerciale, III ed., Monduzzi, Bologna, L. De Angelis, Elementi di diritto contabile, Giuffrè, Milano, 2008; Italian Civil Code. Lener: For the part concerning companies: Associazione Disiano Preite, Il diritto delle società, Il Mulino, Bologna, For the part concerning business, banking contracts, credit instruments and insolvency proceedings: G. F. Campobasso, Manuale di diritto commerciale, Utet, Turin, 2007, pages , and Palmieri: G.F. Campobasso, Manuale di Diritto commerciale - IV edizione a cura di Mario Campobasso, UTET 2007, (the following parts are excluded: pages 85-94; ; ). 49

50 7a/b/c E2-BO7a/b/c-B: BUSINESS ORGANIZATION Spring semester; 70 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. Other activities: Professor: active participation of the student during the lectures written and oral exam Casalino, Albano, Decastri Casalino, Albano: Jones G.R., Organizzazione. Teoria, progettazione, cambiamento, Egea, 2007; Tomasi D. (a cura di), Organizzazione d Azienda. Materiali di studio, Giappichelli, Torino, 2006; Material provided during the semester. Recommended books: Costa G., Gubitta P., Organizzazione aziendale, second ed., McGraw-Hill, 2008; Gabrielli G., People management. Teorie e pratiche per una gestione sostenibile delle persone, Franco Angeli, 2010; Costa G., Gianecchini M., Risorse Umane. Persone, relazioni, valore, McGraw-Hill, Milano, 2005; Daft R. L., Organizzazione Aziendale, third ed., Apogeo, 2007; Tosi H. L., Pilati M., Comportamento organizzativo. Attori, Relazioni, Organizzazione e Management, EGEA, Decastri: Not available at time of publication. 7d E2-BO7d-B: BUSINESS ORGANIZATION Spring semester; 70 lectures; 7 hrs per week; 8 credits 1. Introduction to organisation and definitions 2. Organisational theories - Classical theories - The school of human relations - The contingency theory 3. Theories of organisational planning 4. Elements of organisational planning - Objectives of organisational planning - The division of labour - Coordination models - Levels of organisational planning - Structural dimensions of organisational planning 50

51 5. Strategy, organisational planning and effectiveness 6. Basic elements of the organisational structure 7. Structural models 8. Outside environment and inter-organisational relations 9. Technologies for production and services 10. Technology of information and monitoring 11. Dimensions and life cycle 12. The organisational culture 13. Innovation and change 14. Decision-making processes 15. Conflict, power and politics Other activities: active participation of the student during the lectures written and oral exam Professor: Marchegiani Not available at time of publication. 8a/b E3-BO8a/b-B: BUSINESS ORGANIZATION Fall semester; 70 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. Other activities: Professor: active participation of the student during the lectures; project work written and oral exam Casalino, Profili Jones G.R., Organizzazione. Teoria, progettazione, cambiamento, Egea, 2007; Tomasi D. (a cura di), Organizzazione d Azienda. Materiali di studio, Giappichelli, Torino, Material provided during the semester. Recommended books: Costa G., Gubitta P., Organizzazione aziendale, second ed., McGraw-Hill, 2008; Gabrielli G., People management. Teorie e pratiche per una gestione sostenibile delle persone, Franco Angeli, 2010; Costa G., Gianecchini M., Risorse Umane. Persone, relazioni, valore, McGraw-Hill, Milano, 2005; Daft R. L., Organizzazione Aziendale, third ed., Apogeo, 2007; Tosi H. L., Pilati M., Comportamento organizzativo. Attori, Relazioni, Organizzazione e Management, EGEA,

52 9a E3-BO9a-B: BUSINESS ORGANIZATION Spring semester; 70 lectures; 7 hrs per week; 8 credits 1. Introduction to organisation and definitions 2. Organisational theories - Classical theories - The school of human relations - The contingency theory 3. Theories of organisational planning 4. Elements of organisational planning - Objectives of organisational planning - The division of labour - Coordination models - Levels of organisational planning - Structural dimensions of organisational planning 5. Strategy, organisational planning and effectiveness 6. Basic elements of the organisational structure 7. Structural models 8. The outside environment and inter-organisational relations 9. Technologies for production and services 10. Technology of information and monitoring 11. Dimensions and life cycle 12. The organisational culture 13. Innovation and change 14. Decision-making processes 15. Conflict, power and politics Professor: Not available at time of publication. written and oral exam Cicchetti 9b E3-BO9b-B: BUSINESS ORGANIZATION Spring semester; 70 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. Other activities: Professor: active participation of the student during the lectures; project work written and oral exam Federici 52

53 Jones G.R., Organizzazione. Teoria, progettazione, cambiamento, Egea, 2007; Tomasi D. (a cura di), Organizzazione d Azienda. Materiali di studio, Giappichelli, Torino, Material provided during the semester. Recommended books: Costa G., Gubitta P., Organizzazione aziendale, second ed., McGraw-Hill, 2008; Gabrielli G., People management. Teorie e pratiche per una gestione sostenibile delle persone, Franco Angeli, 2010; Costa G., Gianecchini M., Risorse Umane. Persone, relazioni, valore, McGraw-Hill, Milano, 2005; Daft R. L., Organizzazione Aziendale, third ed., Apogeo, 2007; Tosi H. L., Pilati M., Comportamento organizzativo. Attori, Relazioni, Organizzazione e Management, EGEA, a/b/c/d E1-CS10a/b/c/d-B: COMPUTER SCIENCE Fall semester; 70 lectures; 7 hrs per week; 6 credits Theory: Introduction to computer science. Data elaboration systems. Acquisition and presentation of data. Files and databases. Software. Analysis of information systems. Design of information systems. Practice : Exercises in: practical use of the personal computer; DOS commands; use of "Windows"; use of word processor; use of electronic sheet; use of DBMS. Other activities: Professors: Practical work written and oral exam Olivieri, Spagnoletti, Vituzzi, Za Workshop portion: Students should use one of the textbooks approved by AICA for ECDL Core (visit the site The computerised classrooms at LUISS also offer a self-teaching system. The tutor will provide all the necessary information during weekly meetings at the laboratory. Lecture portion: Olivieri: Curtin D.P., Foley K., Sen K., Morin C., Informatica di base, McGraw-Hill, Libri Italia, fourth edition, 2008; Mertens P., Bodendorf F., Carignani A., D'Atri A. et al., Tecnologie dell'informazione e della comunicazione per le aziende, McGraw-Hill Libri Italia, Lecture notes be provided at the beginning of the course. Spagnoletti, Vituzzi and Za: Bigini G., Brambilla M., Cappiello C., Plebani P., Rizzo F., EUCIP-Core Level - Guida alla certificazione per il professionista IT, Tecniche Nuove, Further material will be provided on A self-study system is also available in some university computer rooms. Contact a tutor during the first semester for more details. 53

54 11a E2-CF11a-B: CORPORATE FINANCE Spring semester; 70 lectures; 7 hrs per week; 8 credits The aim of the course is to teach students about: 1) the tools used for financial management of a business, with particular reference to the bank-business-market relationship, and in this context innovative tools for a dynamic management of company revenues are examined; 2) methods to record, control and mitigate risks as well as the use of derivatives; 3) valuation of investments and more in general the appraisal of a business in accordance with the methods currently in use. The technical and practical aspects will be accompanied by an overview of theory concerning the financial structure of a business, the concept of cash flow and the cost of capital. Prerequisites: Other activities: Professor: Accounting practical work, cases analysis, individual project oral exam Cervellati R. Brealey, S. Myers, S. Sandri, Principi di Finanza Aziendale, McGraw Hill Libri Italia, latest edition; S. Sandri, Finanza Aziendale. Temi di esame, Pitagora Editore. 11b E2-CF11b-B: CORPORATE FINANCE Spring semester; 70 lectures; 7 hrs per week; 8 credits The objective of the course is to teach students the basics of the theory of finance and its application at company level. Principal topics: introduction to the principles of corporate finance, measuring company performance, valuation of investments, raising funds, financial structures, venture capital, private equity, IPOs, mergers, acquisitions and corporate governance. Prerequisites: Other activities: Professor. Accounting practical work, cases analysis, individual project written and oral exam Spisni Material will be provided at the beginning of the semester. 11c E2-CF11c-B: CORPORATE FINANCE Spring semester; 70 lectures; 7 hrs per week; 8 credits The objectives of corporate finance Financial analysis and planning Net current value Valuation of equity and bonds using discounted cash flow Methods of valuing investments Risk diversification and portfolio theory Using CAPM to estimate capital opportunity costs: beta equity, beta debt and beta asset Ensuring that managers maximise Van 54

55 Funding through equity capital: venture capital and stock exchange listing Dividend distribution policy and the role of taxation Optimal financial structure (I) Mergers and acquisitions Prerequisites: Other activities: Professor: Accounting practical work, cases analysis, individual project written and oral exam Bozzi R. Brealey, S. Myers, S. Sandri, Principi di Finanza Aziendale, McGraw Hill Libri Italia, 2006, V edition; S. Sandri, Finanza Aziendale. Temi di esame, Pitagora Editore. 11d E2-CF11d-B: CORPORATE FINANCE Spring semester; 70 lectures; 7 hrs per week; 8 credits Corporate finance. Financial planning. Investment decisions. Assessment of risk and yield in planning capital investments. Financial management of businesses. The budget. Treasury management. Business risks and hedging against them. Raising resources to meet financial needs and self-financing. The external workings of a business. Evaluation of overall business profitability with respect to alternative yields offered by capital markets: EVA (Economic Value Added). Financial analysis. Appraisal of a business. Prerequisites: Other activities: Professor: Accounting practical work, cases analysis, individual project written and oral exam Milano Brealey R.A., Myers S.C., Sandri S., Principi di Finanza Aziendale, McGraw-Hill Italia, latest edition. Milano F., Corso di Finanza Aziendale, LUISS Guido Carli 2007 (material given during the course). 12 E2-E12-B: ECONOMETRICS Spring semester; 35 lectures; 6 hrs per week; 8 credits The purpose of the course is to provide students with a body of basic techniques and tools for applied research and for understanding specialist literature: econometrics as a professional too, aspects of algebra and statistics with particular reference to checking hypotheses, systematic study of the general model of regression, overview of some specific issues and in-depth discussion of selected articles from economic literature. Prerequisites Other activities Assessment Professor Macroeconomics Statistics practical work oral and written exam Vallanti 55

56 Stock, J.H. M.W. Watson, Intoduzione all'econometria, a cura di F. Peracchi, Pearson, Milano, 2005; Johnston, J., Econometrica, III ed., Milano, Franco Angeli, Recomended book: Greene, W., Econometric Analysis, New York, Macmillan Publishing Company, E3-EGD13-B: ECONOMIC GROWTH AND DEVELOPMENT Spring semester; 60 lectures; 6 hrs per week; 8 credits; elective Basic facts on economic growth: rapid global growth in recent 2 centuries, and significant divergence across countries. Main theories: basic Solow model, endogenous growth, human capital and imperfect capital markets, technology adoption, demographic trends. Empirical tests of theories: growth accounting, the Jones critique, convergence and growth regressions, development accounting, geography, institutions. Other activities Assessment Professor practical work 5 problem sets, of which 3 are part of grade. A paper. A final exam. Zeira, Di Vaio Weil, David N., Economic Growth (2nd Ed.), Addison-Wesley, Boston, E3-EH14-B: ECONOMIC HISTORY Spring semester; 35 lectures; 6 hrs per week; 8 credits The course on Economic History will be divided into two sections. The first one will analyse the forms and characteristics of world economic development, from the earliest processes of industrialisation to contemporary globalisation. The second will present the role of banking, financial and monetary systems in the history of Italian economic development, from political unification to Italy's entry into the Eurozone. Other activities Assessment Professor seminars oral exam Palermo AA.VV., Storia dell economia mondiale, Monduzzi, Bologna; G. Magnifico, L Euro, ragioni e lezioni di un successo sofferto, Roma, Luiss University Press (pages from 1 to 137). Other material will be provided during the semester. 56

57 15 E3-EP15 B: ECONOMIC POLICY Fall semester; 70 lectures; 7 hrs per week; 8 credits; elective Rationality in economics. The logical chain of analysis, transmission mechanisms and interaction between spontaneous forces. The two models explaining transmission mechanisms. In-depth analysis of: real and financial accounting, competitiveness of countries, exercises on models, creation of money and financial innovation. Italy as a laboratory for economic policy. The yield curve. Prerequisites: Professor: Macroeconomics written and oral exam Neri Material will be provided at the beginning of the course. 16a E2-FM16a-B: FINANCIAL MATHEMATICS Fall semester; 70 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. 16b E2-FM16b-B: FINANCIAL MATHEMATICS Fall semester; 70 lectures; 7 hrs per week; 8 credits Financial regimes and laws. Equivalent rates. Separability of financial laws. Principle of financial balance. Guaranteed yields and amortisation of undivided and divided loans. Evaluation of a loan. Remainder/reversionery interests. Usufruct. The structure of term rates. Principle of market coherence. Atypical forms of financing. The evaluation of economic-financial transactions. The TIR and REA criteria. The payback period. The TRM. 57

58 Prerequisites: Other activities: Professor: Mathematics practical work written and oral exam written tests during the semester 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 Financial transactions. The money market. Structure of prices and interest rates on the money market. Laws and financial regimes. Equivalent rates. Nominal rates. The strength of interest as a result of laws with two and three variables. Yield at maturity. Separability of financial laws. Examination of separability through the strength of interest. 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. Valuation and choice of economic and financial projects. Principle of the REA, TIR and TRM. Duration, volatility and convexity of cash flow. Prerequisites: Other activities: Professor: Mathematics practical work written and oral exam Annibali Bortot, Magnani, Olivieri, Rossi, Torrigiani, Matematica finanziaria, Monduzzi, d E2-FM16d-B: FINANCIAL MATHEMATICS Fall semester; 70 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 58

59 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 Foschini Bortot, Magnani, Olivieri, Rossi, Torrigiani, Matematica finanziaria, Monduzzi, 1998; Olivieri, Foschini, Staffa, Matematica Finanziaria, Monduzzi. 17 E3-HTED17-B: HISTORY AND THEORY OF ECONOMIC DEVELOPMENT Fall semester; 70 lectures; 7 hrs per week; 8 credits; elective Economic development as growth and transformation. 2. Economic development from a historical perspective: product growth. 3. Economic development from a historical perspective: recurrent characteristics. 4. Economic development from a doctrinal perspective. 5. Development factors: savings and investments. 6. Development factors: population and human resources. 7. Development factors: openness to the outside and the role of commerce. 8. Economic development strategies. 9. Economic policies and development in the most underdeveloped areas. 10. Growth, distribution of income and poverty. 11. Economic development in Italy from the post-war period to today. Professor: oral exam Farese E. Grilli, Crescita e sviluppo delle nazioni, Utet, Torino, E3-HET18-B: HISTORY OF ECONOMIC THOUGHT Spring semester; 70 lectures; 7 hrs per week; 8 credits; elective The study of economic thought from the first theoretical formulations to the economics of globalisation, examined from the viewpoint of classical economists, marginalists, Marshall, Keynes and the post-keynesians, Schumpeter and the theory of business enterprise, the Sraffian critique, growth and development models, and the recent contributions of microeconomics and macroeconomics. Other activities: Professor: seminars oral exam Di Taranto A. Roncaglia, La ricchezza delle idee. Storia del pensiero economico, Roma-Bari, Laterza,

60 19 E3-HEBO19-B: HISTORY OF ENTERPRISE AND BUSINESS ORGANISATION Spring semester; 70 lectures; 7 hrs per week; 8 credits; elective The aim of the course is to analyse in depth the concept of the entrepreneur, comparing the Continental tradition with that of the English-speaking world. It will analyse the theories of Marshall, Knight and Schumpeter, as well as the dynamic concept of enterprises up to Chandler's formulations. The neo-keynesian approach will also be considered alongside recent managerial and behaviourist theories. Attention will be paid to context-related variables (institutional, financial, cultural) as well as investigations into business performance with respect to size, multinationality, metanationality and outsourcing processes, in the face of the advancement of the knowledge economy. In particular, there will be a focus on aspects of the Organisation of labour in capitalist enterprises: Taylorism, Fordism, Toyotism and flexible forms of production. Lastly, the course will take an in-depth look at the relationship between enterprise and activities involving research and development, marketing and preparation for the challenge of the transnationality of the market, and several enterprises will be examined as examples. The course will also concentrate on the history of Italian industrial enterprises during the 20th century, with particular reference to the rise and crisis of the Fordist model, the astonishing development witnessed during the period of the economic miracle, the causes and consequences of the critical period of the 1970s, and the emergence of the new global economy. Professor: oral exam Taccolini P. A. Toninelli, Storia dell impresa, Bologna 2006; G. Berta, L'Italia delle fabbriche. La parabola dell'industrialismo nel Novecento, Bologna Other material will be available online. 20 E3-HuROM20-B: HUMAN RESOURCES ORGANISATION AND MANAGEMENT Fall semester; 70 lectures; 7 hrs per week; 8 credits; elective The relationships between the individual and the Organisation. Human resource strategy, organisational structure and function. Accountability in managing people: the position and challenges of human resource departments. Organisational behaviour and its determinants: the structure and system of roles, the organisational culture, power, skills, needs and expectations, personality and motivation. Management of labour relations between managerial initiatives and collective safeguards; the challenges of labour laws. Business strategy, people strategy and people management: the main processes in human resource management. Human resource planning: instruments for analysing and defining the stock of skills required by the Organisation. The acquisition of human resources on the internal and external markets: the recruitment and selection process. Systems for assessing organisations and individuals (position, performance, potential, skills). Systems for the recompense, development and valorisation of human resources: rewards system, wage and salary policies, career and talent management. Training as leverage for personal development and organisational learning. People and knowledge management: the instruments for valorising human capital in order to develop knowledge. Diversity management and the valorisation of differences. Organisational and individual change, and change-management programmes. Other activities: Professor: case history, seminars oral exam Gabrielli 60

61 Costa G., Giannecchini M., Risorse umane. Persone, relazioni e valore, McGraw-Hill, second edition, Milano, or Gabrielli Gabriele, People Management, Teorie e pratiche per una gestione sostenibile delle persone, FrancoAngeli, Milano Recommended books: G.Gabrielli, Remunerazione e gestione delle persone, FrancoAngeli, Milano, a/b/c/d E3-IE21a/b/c/d-B: INDUSTRIAL ECONOMICS Fall semester; 70 lectures; 7 hrs per week; 8 credits Sequence of course subjects: 1) The emergence of industrial economics and its relationships with other disciplines such as microeconomics, business economics (and corporate governance) and the economics of competition. Forms of market: monopolies and regulation, perfect (or almost perfect) competition, oligopolies and oligopolistic competition. 2) The structure conduct performance paradigm. Market power and collusion, pricing and non-pricing strategies, vertical relationships and advertising. Accessing and leaving the market, strategic behaviour, external growth and development policies. 3) Notions of market regulation and the protection of competition. 4) The development of the Italian economy from the domestic unit through to the enlargement of the European Union. Prerequisites: Other activities: Professor: Microeconomics seminars, practical work oral exam and written tests Martoccia, Scognamiglio Pasini, Cassetta Martoccia: C. Scognamiglio Pasini, Economia Industriale, LUISS University Press, 2006; A.Biancardi (a cura di), L eccezione e la regola: tariffe, contratti e infrastrutture, Il Mulino, Scognamiglio Pasini: C. Scognamiglio Pasini, Economia Industriale, LUISS University Press, Cassetta: C. Scognamiglio Pasini, Economia Industriale, LUISS University Press, Other material provided during the semester. 22 E3-IM21-B: INDUSTRIAL MARKETING Spring semester; 70 lectures; 7 hrs per week; 8 credits; elective Marketing concept Context Market segmentation criteria The industrial buyer The product Distribution 61

62 Price The buying process The development of acquisition marketing Other activities: Professor: seminars, project work oral exam and written tests Lanzara Il marketing delle nuove tecnologie. La sfida dei prodotti e dei mercati inesistenti, Atti del convegno, SIM, Other material will be made available online. 22a/b E3-ISB22a/b-B: INFORMATION SYSTEMS FOR BUSINESS Spring semester; 70 lectures; 7 hrs per week; 8 credits The Information Technology, Databases and Databases Management Systems, Business Information Systems, Information systems planning and reengineering. Other activities: Professor: project work, cases studies, individual projects oral and written exam Spagnoletti, D Atri For the first part of the course Information Systems students can choose among the following books: Teti, Cipriano, EUCIP Il Manuale per l informatico professionista, Hoepli, ISBN ; Schgor, Franza et al., Professione Informatica, Franco Angeli, latest edition, ISBN ; Bigini, Brambilla, Cappiello, Plebani, Rizzo, EUCIP - Core Level. Guida alla certificazione per il professionista IT, Tecniche Nuove, ISBN ; For the second part of the course Business Organization : Costa G., Gubitta P., Organizzazione Aziendale. Mercati, gerarchie e convenzioni, McGraw- Hill, second edition, Milan, 2008, chapters 6, 7, 8, 9. Other recommended books: Bracchi G., Francalanci C., Motta G., Sistemi Informativi d Impresa, McGraw-Hill, Milan, Other material will be provided during the semester and will be made available on 23 E3-IACMBR23-B: INTERNAL AUDITING, COMPLIANCE AND THE MANAGEMENT OF BUSINESS RISKS Spring semester; 70 lectures; 7 hrs per week; 8 credits; elective The system of in-house checks as part of corporate governance. Description of the role, activities and operation of departments overseeing the system of in-house checks, also as a way to support managerial decisions. Description of the regulatory framework and the organisational models envisaged by rules and regulations governing the administrative responsibility of organisations and interrelations with the system of corporate oversight. written tests during the semester 62

63 Professor: Ferrari, Ricci Material will be provided at the beginning of the semester. 24 E3-IE24-B: INTERNATIONAL ECONOMICS Spring semester; 70 lectures; 7 hrs per week; 8 credits; elective 1. Introduction Contents and Methods of Analysis of International Economics 2. International Trade Theory and Policy An Overview of World Trade Technology and Trade: The Ricardian Theory of Comparative Advantage Income Distribution and Trade: The Specific-Factors Theory Factor Endowments and Trade: The Heckscher-Ohlin Theory Problems of International Trade and the Neoclassical Theory Increasing Returns to Scale, Imperfect Competition and International Trade International Movements of Labour and Capital The Instruments of International Trade Policy Trade Policy and Imperfect Competition International Trade Agreements 3. Open Economy Macroeconomics National Income Accounting and the Balance of Payments Exchange Rates and the Foreign Exchange Market Money, Interest Rates, and Exchange Rates Output and the Exchange Rate in the Short Run Price Levels and the Exchange Rate in the Long Run Expectations, Exchange Rate Dynamics and Economic Policy Fixed Exchange Rates and Foreign Exchange Intervention Balance of Payments Adjustments and International Capital Movements The International Monetary System: History and Controversies Interdependence and Policy Coordination Optimum Currency Areas and The European Experience Global Imbalances and Crises in Emerging Markets Prerequisites: Other activities: Professor: Macroeconomics Lectures ex cathedra, classroom discussions, interactive analysis of case-studies, take-home exercises and writing assignments written exam Petrucci Krugman P. R. and M. Obstfeld, International Economics: Theory and Policy, Pearson Addison- Wesley, 8/e, E3-IEF25-B: INTERNATIONAL ECONOMICS AND FINANCE Spring semester; 70 lectures; 7 hrs per week; 8 credits The course is divided into two parts, the first of which is dedicated to an analysis of international trade and production specialisation while the second is devoted to a 63

64 macroeconomic focus of open economies. The principal topics in the first part are: the advantage of international trade; productivity differentials and the consequences for countries' production specialisation; the effects of international trade on the distribution of national income among the factors of production; national resources and international trade; consequences for countries' production specialisation; imperfect competition and economies of scale; new models of international trade, and the main trade policy tools. The second part will cover: aspects of the national budget and balance of payments; money, interest rates and exchange rates; price adjustment mechanisms and policy intervention in a system of fixed and floating exchange rates. Other activities: Professor: practical work, case studies oral exam Manzocchi Paul R. Krugman, Maurice Obstfeld: Economia Internazionale, Pearson Education, Mondadori, Milano, edizione 2007; attention should be given to chapters I, II, IV, VI, (vol.1); chapters II, III, IV, VI, VII (par , 5.4, 7.6, 7.7 e 7.8 excluded) and IX (par. 9.3, 9.4, 9.5 excluded), (vol.2). Recommended books: Gene M. Grossman, Kenneth Rogoff, a cura di, Handbook of International Economics vol. III, Elsevier Science, Amsterdam, 1995; Stefano Manzocchi, Luca Papi, Economia dell integrazione finanziaria, Carocci, Roma, 2008; Giuseppe De Arcangelis, Economia Internazionale, McGraw-Hill, Milano, E3-IM26-B: INTERNATIONAL MARKETING Spring semester; 70 lectures; 7 hrs per week; 8 credits The course thoroughly analyses the marketing problems that an international enterprise must tackle when seeking to gain a foothold in foreign markets. In particular, there will be a brief introduction to the whole question of internationalisation with reference to both the determining factors and the way in which enterprises can develop internationally. The course will then examine the specific issues associated with international marketing, reconstructing the international marketing plan and analysing the international marketing mix. Other activities: Professor: case studies oral exam Gregori Pellicelli, Il marketing internazionale, Mercati globali e nuove strategie competitive, ETAS LIBRI, a/b/c/d E1-IPL27a/b/c/d-B: ITALIAN PRIVATE LAW Fall semester; 70 lectures; 7 hrs per week; 8 credits Content of the course: introduction, persons, family law, gifts and succession, property, real rights and ownership, obligations, general principles of contracts, typical and atypical contracts, tort, and protection of rights. 64

65 Other activities: Professor: seminars, practical work, guest speakers oral exam written tests during the semester Pardolesi, Conte, Di Ciommo, Di Gravio Pardolesi: Trimarchi, Istituzioni di diritto privato, Giuffrè, latest edition; or: Pardolesi-Di Ciommo, Diritto privato, latest edition; Cooter, Mattei, Monateri, Pardolesi, Ulen, Il mercato delle regole. Analisi economica del diritto civile, Vol. I, Il Mulino, Conte: Alpa, Manuale di diritto privato, V edition, Cedam, 2009; the following parts are excluded: pages Di Ciommo: Choice of one of the following: P. Trimarchi, Istituzioni di diritto privato, Giuffré, Milano, 2007; C.Scognamiglio - L.Nivarra - V.Ricciuto, Istituzioni di diritto privato, Giappichelli, Torino, 2006; Di Ciommo - Pardolesi, Manuale di diritto privato, Giappichelli, Di Gravio: Trimarchi, Istituzioni di diritto privato, Giuffrè, latest edition; Zatti Colussi, Lineamenti di diritto privato, Cedam, latest edition; Galgano, Istituzioni di diritto privato, Cedam, latest edition; Torrente - Schlesinger, Manuale di diritto privato, Giuffrè, latest edition; Autori vari, Dieci lezioni di Diritto Privato, UTET, E3-LSC28-B: LOGISTICS AND THE SUPPLY CHAIN Fall semester; 70 lectures; 7 hrs per week; 8 credits; elective With the aim of offering high-quality products at competitive prices and within the required time frame, companies have taken a modern approach to managing the supply chain, creating value by minimising inventory and integrating procurement, production and sales. Within this frame of reference, the course will examine the following topics. 1. Logistics and supply-chain management: role, objectives and Organisation. Sustainable logistics. 2. Logistics of incoming goods: management procurement and suppliers. 3. Production planning (overview), inventory management and warehouse design. 4. Logistics of outgoing goods: distribution logistics and instruments for the integrated management of the supply chain. Reverse logistics. 5. Cost analysis; key performance indicators (KPI). 6. Information systems to back decision-making processes and logistics management; e- business and the "extended" company. Professor: oral exam Perrone 65

66 Romano P., Danese P., Supply Chain Management, La gestione dei processi di fornitura e distribuzione, McGraw-Hill, 2006; Waters D., Supply Chain Management, An introduction to Logistics, Palgrave, Other material will be available online. 29a E2-Man29a-B: MANAGEMENT Fall semester; 70 lectures; 7 hrs per week; 8 credits The business as a system and study of its relationship with the environment The business as a body of resources Competition strategies Strategic planning Business functions Other activities: Professor: practical work, exercitations oral exam and written examinations during the course Mele Caroli M.G., Fontana F. (a cura di), Economia e Gestione delle Imprese, McGrawHill, b E2-Man29b-B: MANAGEMENT Fall semester; 70 lectures; 7 hrs per week; 8 credits The course is structured as follows: analysis of the systematic theory of business and examination of its main properties; the relation between a business and its environment and examination of the characteristics of a competitive environment; the conditions for business success, the development of resources and distinctive competencies, business competition strategy, business growth strategy, management of operations, marketing, innovation, financial management and the question of value. The course will be completed by series of seminars on specific topics. Other activities: Professor: practical work, exercitations oral exam and written examinations during the course Caroli Caroli M.G., Fontana F. (a cura di), Economia e Gestione delle Imprese, McGrawHill, c E2-Man29c-B: MANAGEMENT Fall semester; 70 lectures; 7 hrs per week; 8 credits Business and its relationship with the environment. Resources, distinctive skills and competitive strategy. Devising strategies and knowledge-based strategies. Competition and growth strategies. 66

67 Strategic planning. Marketing strategies and policies. Finance, business management and capital markets. Economic evaluation of business strategies. Production structure models and management of operations. Technological innovation and competitive advantage: analysis and strategic management of R&D investment. Case studies. Other activities: Professor: practical work, exercitations oral and written exam Pirolo Caroli M.G., Fontana F. (a cura di), Economia e Gestione delle Imprese, McGrawHill, Notes provided during the semester. 29d E2-Man29d-B: MANAGEMENT Fall semester; 70 lectures; 7 hrs per week; 8 credits The business as a system and study of its relationship with the environment The business as a body of resources Competition strategies Strategic planning Business functions Other activities: Professor: practical work, exercitations oral exam and written examinations during the course Giustiniano Caroli M.G., Fontana F. (a cura di), Economia e Gestione delle Imprese, McGrawHill, Notes provided during the semester. 30a/b E3-ManC30a/b-B: MANAGEMENT CONTROLS Spring semester; 70 lectures; 7 hrs per week; 8 credits Illustration of the main aspects of management control, with reference to links with corporate strategies, process, valid instruments for corporate decisions and organisational structures. Other activities: Professor: practical work, exercitations oral and written exam De Paolis, Bastia De Paolis L.Brusa, Sistemi manageriali di programmazione e controllo. 67

68 Bastia Paolo Bastia, Sistemi di Pianificazione e Controllo, Il Mulino; Paolo Bastia, Analisi dei costi, Clueb. 31a/b E3-ManC31a/b-B: MANAGEMENT CONTROLS Spring semester; 70 lectures; 7 hrs per week; 8 credits Corporate governance and oversight: best practices, the system for measuring results, plans and strategic budgets, oversight and responsibility, executive reports, business plans and industrial plans, corporate budgets, analytical accounting, performance indicators, value-based management, balanced scorecard. Professor: oral and written exam Di Carlo, Incollingo Di Carlo: AA.VV., Il controllo di gestione, IPSOA, Incollingo: Not available at time of publication. 32 E3-MarStr32-B: MARKETS AND STRATEGIES Spring semester; 70 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: Professors: the course will include both frontal lectures, case discussions in class and (depending on class size) group project presentations. evaluation will be based on class participation, group project, and a final exam. Devetag 68

69 Course material will consist in a mixture of classic and modern readings in the area of strategy to provide the necessary theoretical framework, plus a number of case studies to be discussed in class. 33a E1-Mat33a-B: MATHEMATICS Fall and Spring semester; 70 lectures; 7 hrs per week; 12 credits Vector & matrix algebra; inverse matrix determinants; linear equation systems; number sets; functions & variables; convergence & divergence criteria; dispositions, combinations, permutations; binomial expansion; function limits; 1st & 2nd type discontinuity; incremental relations; differential calculus; polynomial approximation of functions; economic applications; indefinite integrals; integration methods; definite integrals; linear differential equations; functions of more than one variable. Mathematical analysis: succession and series. Differential calculus in one or more variables. Free and restricted optimisation. Introduction to definite integration. Other activities: Professors: practical work written and oral exam written tests during the semester Cacciafesta F. Cacciafesta, Matematica generale, ed. Giappichelli. 33b E1-Mat33b-B: MATHEMATICS Fall/Spring semester; 70 lectures; 7 hrs per week; 12 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. Other activities: Professors: practical work written and oral exam Papi-Gozzi Peccati - Salsa Squellati, Matematica per l'economia e l'azienda, ed. Egea, Milano; Castellani Gozzi, Esercizi di matematica per l'economia e l'azienda, ed. Esculapio, Bologna. Other material will be provided during the semester. 69

70 33c E1-Mat33c-B: MATHEMATICS Fall/Spring semester; 70 lectures; 7 hrs per week; 12 credits Functions, examples, base properties. Limits of function. Methods for calculating limits. Continuity of a function of a variable. Basic properties of continuous functions. Theorems on continuous functions. Definition of derivative. Successive derivatives. Theorems on derivative functions. Maximum and minimum of functions and methods for determining them. Search for zeros. Integral calculus, successions and numerical series, Linear algebra, Functions of more than one variable. Professors: written and oral exam Sbaraglia Not available at the time of publication. 33d E1-Mat33d-B: MATHEMATICS Fall/Spring semester; 70 lectures; 7 hrs per week; 12 credits Natural, whole, rational and real numbers. Maximum, minimum low extreme and high extreme of a body. Absolute value and distance. Functions and their properties. Elementary functions. Successions and limits, indeterminate forms, infinity and notable limits. Nepero's constant. Function limits, continuous functions, infinites and notable limits. Derivative, calculus and property: maximums and minimums, monotony, convexity, L'Hopital's theorem and Taylor's polynomial. Study of function. Numerical series and convergence criteria: relationship, root, comparison and Leibniz. Integral calculus. Definite integral and main calculation methods: by substitution and by parts. Aspects of improper integrals. Vectors and matrixes: linear combination and linear independence, dimension and base. Determinants and characteristics. Linear systems and the Rouché-Capelli theorem. Functions in more than one variable: continuity and differentiability, gradient and the Hessian matrix. Calculation of maximums and minimums and the study of convexity. Overview of Lagrange multipliers. Other activities: Professors: practical work written and oral exam Dall Aglio Peccati, Salsa, Squellati, Matematica per l'economia e l'azienda, ed. EGEA; Marcellini, Sbordone, Elementi di calcolo, Liguori editore; Guerraggio, Matematica, ed. Bruno Mondadori; Castellani, Gozzi, ed. Esculapio, Matematica di base per l'economia e l'azienda. Esercizi e testi d'esame svolti; Castellani, Gozzi, Buscema, Lattanzi, Mazzoli, Veredice, Precorso di Matematica, ed. Esculapio. 70

71 34 E3-MerAcq34-B: MERGERS AND ACQUISITIONS Spring semester; 70 lectures; 7 hrs per week; 8 credits; elective An Initial Public Offering (IPO) involves the issue of shares when a company is first listed on a regulated market. Private equity consists of the purchase of shares of risk capital in companies that are not traded publicly through specialised operators. Project financing to which special attention will be paid is a technique for funding investment projects with high capital intensity (the first operation of this kind in Italy was conducted in 1991) characterised by the fact that the financial backers agree that repayment will occur chiefly through the cash flow generated by the investment. In project-financing operations, a newly established company (referred to as an SPC, Special Purpose Company) is funded by both equity capital as well as debt capital, normally obtained from a pool of banks. These operations have a high level of financial leverage aimed towards implementing complex projects, such as the construction of power plants or new mining activities, and for public-private partnerships designed to build infrastructures such as hospitals, metros, car parks and so on. Professors: written and oral exam Potito Potito, Le operazioni straordinarie nell economia delle imprese. Giappichelli, third edition, 2009 (chapters 1,3,4,5). Other material will be provided during the semster. 35a/b/c/d E1-Mic35a/b/c/d-B: MICROECONOMICS Spring semester; 70 lectures; 7 hrs per week; 8 credits Principal Topics: theory of demand; choices under uncertainty, theory of production; market balance; forms of market; general economic equilibrium. Consumer choices, the MRS, general economic equilibrium, firm choices, market structure. Other activities: Professor: individual projects, practical work oral exam written tests during the semester Spallone, Di Cagno, Panaccione, Giordani Hey J.D., Esperimenti in economia, Giappichelli, Torino, 2007; Varian H., Microeconomia, Cafoscarina, latest edition. 36 E3-MCE36-B: MONETARY AND CREDIT ECONOMICS Spring semester; 70 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. 71

72 Prerequisites: Other activities: Professors: Macroeconomics practical work oral and written exam Di Giorgio Di Giorgio G., Lezioni di economia monetaria, Cedam, Padova, latest edition (in particular chapters 1 and 5); Di Giorgio G., A. Pandimiglio, S. Nisticò, Problemi di Economia e Politica Monetaria, Cedam, Padova. Other material will be provided during the semester. 37 E3-MFM37-B: MONETARY AND FINANCIAL MARKETS Fall semester; 70 lectures; 7 hrs per week; 10 credits The course is an introduction to how international money and financial markets work. The first part deals with basic issues such as the flow of money, the relationship between risk and yield and the concept of moral hazard, etc. The second part analyses instruments and markets, with particular reference to money, bond, foreign exchange and equity markets. The third and fourth parts of the course illustrate the principal features of financial intermediaries, provide an overview of financial regulation and the Basle Accord. Other activities: Professors: practical work oral and written exam Paladino, Rossi F. Miskin, S. Eakins e G. Foresteri, Istituzioni e Mercati Finanziari, ed. Pearson, Further material will be provided during the course. 38 E3-MonBan38-B: MONEY AND BANKING Spring semester; 70 lectures; 7 hrs per week; 8 credits; elective The course will introduce students to monetary and financial institutions. We will discuss Monetary Policy and study how it influences interest rates and asset markets. We will analyze financial intermediation and the role of banks in the economic system. Professors: written exam Nisticò F. Mishkin, The Economics of Money, Banking and Financial Markets, Addison Wesley, ninth edition. 72

73 39 E3-OpMan39-B: OPERATIONS MANAGEMENT Spring semester; 70 lectures; 7 hrs per week; 8 credits Part one: The beginning is devoted to structural characteristics, in which attentive classification of production processes is followed by the illustration of medium/long-term decisions that influence the behaviour and performance of production systems. Part two: The second part illustrates the functional parameters that make it possible to analyse production processes, identifying the levers that can be used to manage the system. Part three: Quantitative support techniques for strategic and operating decisions for systems producing goods and services. In-depth analysis: project-based production processes. Other activities: Professors: seminars, case studies oral and written exam De Falco, Lando De Falco: R. Schmenner, Produzione - Scelte Strategiche e Gestione Operativa, Il Sole 24-Ore. Lando: Not available at time of publication. 40 E3-PsEc40-B: PSYCHOLOGY AND ECONOMICS Fall semester; 70 lectures; 7 hrs per week; 8 credits The course is divided into two parallel and integrated sections. The first aims to understand Cognitivism and how it has revolutionised human sciences, the processes of the "divorce" of economics and social sciences from psychology, and the paths followed in an attempt to reunite the cognitive sciences. At the same time, it investigates fundamental concepts and themes in the cognitive sciences, such as the mind and cognitive processes, the theory of beliefs, their Organisation and sources, the theory of aims, their Organisation, their "value" and their dynamics (paying special attention to decision-making processes and the concept of "intention"). The second section will examine specific manuals of economic psychology and neuroeconomics, in order to provide an analysis of the economic phenomena in which the cognitive approach is fundamental, while that of the integration with neurosciences shows very interesting and promising developments for their comprehension. Other activities: Professor: seminars, project work oral exam Castelfranchi Mannetti L., Introduzione alla psicologia economica, Carocci, 2004; Students can choose among the following books: Camerer C., La neuroeconomia, Il Sole 24 Ore, 2008; 73

74 or: Motterlini, M., Guala, F. (a cura di), Economia cognitiva e sperimentale, Università Bocconi Editore, 2005; or: Motterlini, M., Piattelli-Palmarini, M. (a cura di), Critica della Ragione Economica, Il Saggiatore, Other material will be provided at the beginning of the semester. 41a E1 PEL41a-B: PUBLIC ECONOMIC LAW Spring semester; 70 lectures; 7 hrs per week; 6 credits 1. Historical overview of the evolution of public intervention in the economy. 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. 4. The domestic market and national competition law. Law No. 287/1990 and specific antitrust legislation. 5. Direct State intervention in the economy. 6. Public services. Concept and traditional regime. Regulation of specific sectors. 7. Privatisation, liberalisation and regulation. Independent administrative authorities. 8. Indirect State intervention in the economy, especially European Community policies. 9. Public finances: from article 81 of the Italian Constitution to the Stability Pact. 10. Outline of the principles of the tax system and fiscal federalism. 11. Public regulation of private finance. The regulation of credit, securities markets and insurance. 12. Public oversight of money and currency. In particular, the role of the Bank of Italy and the European Central Bank. Professor: oral exam Montedoro S. Cassese, La nuova Costituzione economica, Bari - Rome, Laterza, latest edition, or G. Di Gaspare, Diritto dell economia e dinamiche istituzionali, Padua, latest edition. G. Montedoro, Mercato e potere amministrativo, Napoli, A compendium of administrative law and a copy of the Italian Constitution is also necessary. 41b E1 PEL41b-B: PUBLIC ECONOMIC LAW Spring semester; 70 lectures; 7 hrs per week; 6 credits Law and the legal system. The sources of law. Parties. Individual legal situations. The State and its constituent elements. The international community. The forms of State and division of powers. The forms of government. Direct democracy and representation. 74

75 The Italian State and its sources. The rights and duties of citizens. The principle of equality and freedoms in the Italian Constitution. Political rights and electoral systems. Economic matters in the Constitution. Freedom of private enterprise and its limits. Property rights and their limits. Labour in the Constitution. Trade unions freedoms and pluralism. Constitutional bodies and those of constitutional importance. The structure and functions of parliament. The structure and function of the government. Ancillary bodies. The structure and functions of the presidency. Constitutional guarantees. Constitutional review of laws and the constitutional court's other competencies. Local government. Local government in the Constitution. The regions: organisation, powers and controls. Infraregional bodies. The public administration: constitutional principles and activities. Administrative acts. Administrative review. General principles of jurisdiction. The courts. Recourse to the courts of general jurisdiction. Recourse to the administrative courts. Special administrative jurisdiction. Other activities: Professor: seminars oral exam Rossano Rossano, Manuale di diritto pubblico, Jovene, Napoli, 2009; Virga, Diritto amministrativo - Atti e Ricorsi, vol. 2, Giuffré, latest edition. 41c E1 PEL41c-B: PUBLIC ECONOMIC LAW Spring semester; 70 lectures; 7 hrs per week; 6 credits Constitutional freedom of enterprise. Supranational integration. The governing entities in public economic law: functions and policies. Regulatory intervention in public economic law. Freedom of contract in the public administration. Other activities: seminars oral exam Professor: Sepe M. S. Cassese, La nuova costituzione economica, Laterza, Bari, 2007; Rossano, Manuale di diritto pubblico, Jovene, Napoli,

76 41d E1 PEL41d-B: PUBLIC ECONOMIC LAW Spring semester; 70 lectures; 7 hrs per week; 6 credits The first part of the course will be dedicated to an examination of the 'new' constitutional freedom of enterprise. The second part will analyse, including with input from guest speakers where possible, very topical issues concerning public economic law (national competition law, public services, privatisation, management of public finances, money and currency policy, and regulation of private finance). Other activities: Professor: seminars oral exam Pellegrini S. Cassese, La nuova costituzione economica, Laterza, Bari, 2007; Rossano, Manuale di diritto pubblico, Jovene, Napoli, a E2-PF42a-B: PUBLIC FINANCE Spring semester; 70 lectures; 7 hrs per week; 6 credits The course will be an introduction to the economic analysis of State intervention from a legal and positive perspective and with reference to public spending and taxation policies. Prerequisites: Other activities: Professor: Microeconomics Macroeconomics practical work written and oral exam Piacentino B. Bosco-L. Parisio, Lezioni di scienza delle finanze, Torino, Giappichelli, 2009, chapters 2-7; P. Bosi-M. C. Guerra, I tributi nell'economia italiana, Bologna, Il Mulino, latest edition. 42b E2-PF42b-B: PUBLIC FINANCE Spring semester; 70 lectures; 7 hrs per week; 6 credits General principles. The market and the classical school. The economics of well being. Market failures and reasons for State intervention. Keynes and cyclical finance. Neo-Keynesians and monetarists. The evolution of liberal thought. Socialist doctrines. State budget. Classification of expenditure. State enterprises. Public debt. The Italian tax system. Prerequisites: Other activities: Professor: Microeconomics Macroeconomics practical work written and oral exam Pandimiglio H. S. Rosen, Scienza delle finanze, second ed., Milano, McGraw-Hill, 2007, chapters 1-7, 10-14; 76

77 P. Bosi-M. C. Guerra, I tributi nell'economia italiana, latest edition, Bologna, Il Mulino. 42c E2-PF42c-B: PUBLIC FINANCE Spring semester; 70 lectures; 7 hrs per week; 6 credits General principles. The market and the classical school. The economics of well being. Market failures and reasons for State intervention. Keynes and cyclical finance. Neo-Keynesians and monetarists. The evolution of liberal thought. Socialist doctrines. State budget. Classification of expenditure. State enterprises. Public debt. The Italian tax system. Prerequisites: Other activities: Professor: Microeconomics Macroeconomics practical work written and oral exam Taccone Emanuele E.F.M., Lezioni di scienza delle finanze, 2005, ESI, Napoli; Taccone A., Il dibattito sulla tassazione delle società, 2006, Quaderni DPTEA n. 143, Luiss "Guido Carli". Recommended books: Bosi P. (a cura di), Corso di scienza delle finanze, 2006, IV edizione, Il Mulino, Bologna; Bosi P., Guerra M. C., I tributi nell economia italiana, Il Mulino, Bologna, 2010; Emmanuele F.M.E., Il terzo pilastro. Il non profit motore del nuovo welfare, ESI, Napoli. 42d E2-PF42d-B: PUBLIC FINANCE Spring semester; 70 lectures; 7 hrs per week; 6 credits General principles. The market and the classical school. The economics of well being. Market failures and reasons for State intervention. Keynes and cyclical finance. Neo-Keynesians and monetarists. The evolution of liberal thought. Socialist doctrines. State budget. Classification of expenditure. State enterprises. Public debt. The Italian tax system. Prerequisites: Other activities: Professor: Microeconomics Macroeconomics practical work oral exam, written tests during the semester Valiani P. Bosi-M. C. Guerra, I tributi nell'economia italiana, latest edition, Bologna, Il Mulino; Rosen H.S., Scienza delle finanze, latest edition, McGraw-Hill, Milano. 43 E3-PUE43-B: PUBLIC UTILITY ECONOMICS Fall semester; 70 lectures; 7 hrs per week; 8 credits; elective The course is divided into three parts. The first general part offers an introduction to the principles of the strategic management of services, with special reference to the models and instruments of strategic marketing. The second general part provides a theoretical and empirical examination of the system of Italy's 77

78 public administrations, and their functions and managerial Organisation, with particular reference to the unique aspects of the main corporate divisions (personnel Organisation and management, the management control system, marketing, acquisitions and outside relations). The third section examines several specific sectors of public services, analysing specific cases and sketching out the main characteristics of public service companies. A series of cases and practical examples are presented for discussion. Other activities: Professors: practical work oral and written exam Marcuccio Borgonovi, Longo, Fattore (BFL), Management delle Istituzioni Pubbliche, Egea, Other material will be provided at the beginning of the semester. 44 E3-Mar44-B: SERVICE MARKETING Spring semester; 60 lectures; 7 hrs per week; 8 credits 1) Service marketing - overview - product vs. service - the importance of brand Competitive scenarios - the main reference industries (telcos, utilities, transport, etc.) - mass market vs. business (B2C & B2B) - large-scale retail chains vs. the mass consumption sector Competitive edge - strategic positioning - segmentation - delivery of service 2) The marketing plan - the main steps - the scenario - corporate strategy vs. marketing strategy - operative marketing - roadmap budget 3) The marketing mix - service pricing - distribution choices - communication CRM 4) Marketing organisations 5) Case studies Other activities: Professors: guest speakers, practical work, case studies oral exam, written test during the semester Cellini, Ibarra Kotler, Marketing Management. 78

79 45 E3-SocC45-B: SOCIAL CHOICE Fall semester; 70 lectures; 7 hrs per week; 8 credits; elective The course starts with a discussion of political science issues concerning the design and evolution of constitutions, and a description of the differences in constitutions throughout the world. Intimately connected with such concerns are issues involving voting systems: the systems should be such that the political considerations declared in the constitution can be implemented appropriately. Any constitution is implicitly or explicitly an embodiment of a social contract between the state and its citizens, and a central part of the course will consider the political science implications of social contracts of various types, their philosophical, political and economic foundations and the norms embedded in the contract, particularly those relating to key concept such as justice, equity and equality. At this point, the course becomes less philosophical and more practical with an investigation of the economic interpretations and implications of the constitution, concentrating particularly on implicit or explicit social welfare functions. These embody societies' views on justice, equity and equality. The actual implementation of the rules of society are usually in the form of various voting rules: voting for the representatives of the citizens on the state legislature, voting in houses of parliaments and in local government, and referenda of various kinds; the merits and demerits of various voting systems are discussed. The course concludes with an overview of the theory and practice of choice within societies. Other activities: Professor: debates, group presentations and experimental sessions written exam, project work Hey - Pasca Akerlof, G. (2000), "Economics and Identity", Quarterly Journal of Economics, 115, Arrow, K. (1963), Social Choice and Individual Values, Wiley, New York. Baker, K. (1975), Condorcet: From Natural Philosophy to Social Mathematics, University of Chicago Press. Bertram, C. (2003), Rousseau and the social contract, Routledge. Bergson, A. (1954), On the concept of Welfare Economics, Quarterly Journal of Economics, 68, Bloom, A. (1991), The Republic of Plato translated, with notes, and an interpretative essay, Basic Books. Dutta, B. (2002), Inequality, Poverty and Welfare, in Arrow K., Sen. A and Suzumura K., Handbook of Social Choice and Welfare, Elsevier. Elster, J. (1989), Social Norms and Economic Theory, Journal of Economic Perspectives, 3, Gauthier, D. (1990), Moral Dealing: Contract, Ethics, and Reason, Cornell University Press. Gentile, S. (2005), La Francia della Quinta Repubblica: Istituzioni Politiche e Sistema Partitico, Edizioni Franco Angelli. Harsanyi, J. (1953), Cardinal Utility in Welfare Economics and in Theory of Risk-taking, Journal of Political Economy 61, Kelly, P. (1990), Utilitarianism and Distributive Justice: Justice and the Civil Law, Clarendon Press. Locke, J. (2003), Two Treatises of Government and a Letter Concerning Toleration, Yale University Press. McLean, I., McMillan, A. and Munroe, B. (1998), Theory of Committees and Elections, Kluwer. McLean, I. and Hewitt. (1994), Condorcet: Foundations of Social Choice and Political Theory, Edward Elgar, Hants. Rawls, J. (1971), A Theory of Justice, Harvard University Press. Rawls, J. (1993), Political Liberalism, Columbia University Press. 79

80 Rogers, G. (1995), Leviathan: Contemporary Responses to the Political Theory of Thomas Hobbes, Thoemmes Press. Rousseau, J.J. (1968), The Social Contract, Or Principles of Political Right, Penguin. Plato, (1992), Republic, Trans. G.M.A. Grube, Hackett Publishing Company. Salles, M. (2002), Michael Dummett on Social Choice and Voting, in vol. sur Michael Dummett dans la Library of Living Philosophers. Sen A. (1970), Collective Choice and Social Welfare, Holden-Day. Wilson, R. (1972), Social choice without the Pareto Principle, Journal of Economic Theory, 5, Yolton, J. (1969), John Locke, Problems and Perspectives: a Collection of New Essays, Cambridge University Press. 46 E3-SSM46-B: SOCIAL SCIENCES METHODOLOGY Fall semester; 70 lectures; 7 hrs per week; 8 credits; elective The course teaches the logic and epistemological fundamentals of social sciences in a comparison with natural science. Main topics are: explanation, forecasting, notion of 'fact', empirical checking (confirmation, denial) in social sciences; theory of social action; methodological individualism. Professor: oral exam Infantino L. Infantino L., L ordine senza piano, Armando, Roma, 2008; L. Infantino L., Individualismo, mercato e storia delle idee, Rubbettino, Soveria Mannelli, 2008; L. Infantino, Ignoranza e libertà, Armando, Roma, 1999 (chapters 1-2-3). 47a/b/c/d E2-St47a/b/c/d-B: STATISTICS Fall semester; 70 lectures; 7 hrs per week; 8 credits 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. Professor: written exam Cubadda, Barbieri, Liseo, De Giovanni Cubadda and De Giovanni: A.C. Monti, Introduzione alla Statistica, ESI, Barbieri and Liseo: D.S. Moore, Statistica di Base, Apogeo,

81 48 E3-TE48-B: TAX ECONOMICS Fall semester; 70 lectures; 7 hrs per week; 8 credits; elective Examination of the structural aspects of the Italian tax system and comparison with those of the main EU countries. The tax harmonisation process. - The taxation of labour: the "fiscal and parafiscal wedge" and the cost of labour. Effects of progressiveness. - The taxation of business income; competitiveness and localising choices. - The taxation of capital income: effects on savings and on choices of forms of business financing. The fiscal factor in investment decisions. - The international mobility of capital. The "Dual Income Tax" model. - Taxation of consumption: differential economic effects with respect to income tax. - Overview of auditing policies; "sector studies" applied to business categories and professional activities. Other activities: Professor: exercitations oral and written exam Valiani Maria Cecilia Guerra, Alberto Zanardi, La finanza pubblica italiana - rapporto 2009, latest edition; or Paolo Bosi, Corso di scienza delle finanze (chapther III Teoria dell imposta; chapter IV Il decentramento fiscale; chapter V La politica fiscale nell Unione economica e monetaria). Other material will be provided at the beginning of the semester. 81

82 Economics and Business (in partnership with Utrecht School of Economics) 1 E1-Acc1-EaB: ACCOUNTING Spring semester; 35 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. The accounting principles: International Accounting Standards (IAS/IFRS) and their application. How to read a financial statement. Other Activities: Professor: Lectures and tutorials written and oral exam Di Donato J. J. Wild, McGraw-Hill Irwin, Financial Accounting Fundamentals, McGraw-Hill 2009 Edition. Some workbooks and readings. 2 E2-ASE2-EaB: APPLIED STATISTICS AND ECONOMETRICS Fall semester; 65 lectures; 3 hrs per week; 8 credits Probability and Statistics Linear Algebra; Linear Regression Model Generalized Linear Model Instrumental Variables System of Equations Forecasting Time Series written and oral exam Professor: Ragusa Textbook: Wooldridge, Jeffrey, Introductory Econometrics, South-Western College Pub., third edition, E3-BO3-EaB: BUSINESS ORGANIZATION Fall semester; 35 lectures; 3 hrs per week; 8 credits Module One: The foundations of business and organizations The evolution of management and organizational theory Foundations of organizational behaviour: attitudes, perception, personality and learning Module Two: Organizations Organizational structure and design Organizations and information technology Managing change and innovation Managing the external environment and organizational strategy Corporate social responsibility and business ethics 82

83 Module Three: Managing people Leadership theory Strategic Human Resource Management Power, conflict management and negotiation Recruitment and selection Training and development Motivation and rewards Managing internationally class participation, mid-term written exam, final essay, oral exam during final exam session. Professor: Andrea North-Samardzic Textbook: Daft, R., Organization Theory and Design, tenth edition, Additional readings will also be provided with lecture slides, handouts and other educational materials provided during the course and available on the course s online learning platform. 4 E3-CM4-EaB: CAPITAL MARKETS Fall semester; 65 lectures; 3 hrs per week; 8 credits The course is divided in two parts: - First: the operational aspects of financial markets and intermediaries (banks, insurance companies, brokers-dealers, asset managers, etc.) - Second: how the risk generated by their activities are producing the regulation which should avoid these risks. This part is strongly focused on the current re-regulation international debate. Professor: oral exam Zadra Textbook: F. S. Mishkin, The Economics of Money, Banking, and Financial Markets, eighth edition; Cases & Articles: F.S.A. Turner Report and the relative discussion paper. 5 E3-CF5-EaB: CORPORATE FINANCE Spring semester; 65 lectures; 3 hrs per week; 8 credits Part I: Basics 1. The Aim and Scope of Corporate Finance within the Theory of the Firm 2. Introduction to Capital Markets, Consumption, and Investment 3. Investment Decisions: The Certainty Case 4. The Theory of Choice: Utility Theory and Investment Theory under Uncertainty 5. The Concept of Net Present Value 6. Valuation of Stocks and Bonds 7. Capital Budgeting Techniques 8. Corporate Financing and Market Efficiency Part II: Portfolio Theory 1. Risk, Return and the Cost of Capital 2. Capital Asset Pricing Model 3. Arbitrage Pricing Theory Part III: Capital Structure Theory 83

84 1. Capital Structure and the Cost of Capital: Theory 2. Capital Structure: Empirical Evidence and Application Part IV: Dividend Policy 1. Dividend Policy: Theory 2. Dividend Policy: Empirical Evidence and Application Part V: Corporate Liabilities and Options 1. Contingent Claims 2. Option Pricing Theory: Cox-Ross-Rubinstein Model and Black-Scholes-Merton Model Part VI: Advanced Capital Budgeting 1. Real Options Theory 2. Corporate Investments as Real Options 3. Valuing a Firm Using Real Options Part VII: Topics in Advanced Corporate Finance 1. Agency Theory: Corporate Finance, Incentives and Optimal Contracting 2. The Market for Corporate Control: Mergers & Acquisitions, Leveraged Buy-Outs, Initial Public Offerings 3. The Role of the CFO and Performance Measurement 4. International Finance 5. Open-Ended Issues in Corporate Finance written Exam 35% oral Exam 35% class Participation 30% Professor: Baldi Thomas E. Copeland - J. Fred Weston - Kuldeep Shastri, Financial Theory and Corporate Policy, 4 th Edition, The Addison-Wesley Series in Finance. 6 E3-EUPH8-EaB: EU ECONOMIC POLICIES AND HISTORY Fall semester; 60 lectures; 3 hrs per week; 8 credits The content of the course is not available at the time of publication. Professor: De Cecco, Viviani 7 E2-FMI7-EaB: FINANCIAL MARKETS AND INTERMEDIARIES Spring semester; 65 lectures; 3 hrs per week; 8 credits Introduction to Financial Instruments and Securities Markets Portfolio Theory (Risk and Return; Diversification; the CAPM and the APT; Market Efficiency; Performance Evaluation of Portfolio Management) Fixed Income Markets (Institutions and Characteristics; The Present Value; Bond Prices and Interest Rates; The Term Structure of Interest Rates; Properties of Bond Prices) Equity Markets (Characteristics and Valuation; Equity Prices, Investment and Growth Opportunities) Derivative Markets (Futures and Option Contracts; Risk Management and Risk Neutral Valuation) Other activities: practical work 84

85 Professor: weekly evaluations of problem sets, assignments or case studies Vitale Bode, Kane and Marcus, Essentials of Investment McGraw-Hill, 7 th edition, 2008; Instructor's Lecture Notes. 8 E2-IO8-EaB: INDUSTRIAL ORGANIZATION Fall semester; 65 lectures; 3 hrs per week; 8 credits The course aims at introducing students to some of the most relevant topics in the field of Industrial Organization, focusing on the behaviour of firms in different market structures (with a particular emphasis on oligopolistic markets). The topics covered include market power, monopoly and price discrimination, vertical price restraints, the strategic behaviour of firms in oligopolistic markets, dynamic games, tacit collusion, product differentiation, horizontal and vertical mergers, limit pricing and entry deterrence, research and development. Special consideration is also given to a discussion of the main aspects of competition policy. Professors: written exam Martina L. Pepall, D. Richards and G. Norman, Industrial Organization, Blackwell Publishing, 4th edition, 2008; More advanced material, useful for further reading, can be found in: J.Tirole, The Theory of Industrial Organization, The MIT Press, E3-IS9-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. Professors: oral exam Me Wiley, Information Systems for Managers: Texts and Cases Gabriele PiccoliPublisher, first edition, 2007; Robin NixonPublisher, Learning PHP, MySQL, and JavaScript, 1st Edition, O Reilly Media,

86 10 E1-IBE10-EaB: INTRODUCTION TO BUSINESS ECONOMICS Fall semester; 75 lectures; 3 hrs per week; 8 credits First part: Introduction to the theory of the firm. Economics and business administration as social sciences. A taxonomy of different types of organizations; business goals and legal forms. The firm and its environment: the role of business in the economic system; social and ethical implications of business. Ownership structure and corporate governance models: an international comparison. Corporate governance, business risk and stakeholders' interests alignment. Organizational networks and business combinations. Second part: Introduction to Business Management Basic choices for business start-up. Business strategy principles. Business as a going concern: basic operational and financial cycles. Financial choices: equity and financial debt, mezzanine financing. Production management: capital and operational expenses; value chain management; internalization vs outsourcing and cost structure implications. Marketing management: new product development and product life cycle; pricing, distribution, promotion. Organizational structures and human resources management. Mergers and Acquisitions Third part: Business Information systems and financial reporting Performance measurement principles: profitability and financial risk analysis. Planning and control systems: budgeting and reporting; managerial control for strategy implementation and performance management. Financial reporting and users decisions. Financial statements for the representation of business activities. Accounting for financing, purchasing and sales activities. Balance sheet and income statement. Introduction to bookkeeping techniques. Introduction to financial statements analysis: profitability ratios, financial risk ratios. Earnings quality and corporate governance mechanisms. Professors: written and oral exam Tiscini David Boddy, Management: an Introduction, Prentice Hall, 2005; Robert N. Anthony - Leslie K. Breitner, Essentials of Accounting, Prentice Hall, Five Slides set of the course. 11 E2-IEEI11-EaB: INTRODUCTION TO THE ECONOMICS OF EUROPEAN INTEGRATION Spring semester; 70 lectures; 7 hrs per week; 8 credits Introduction to the Economics of European Integration is an introductory course in the economics of the European Union, focusing on issues relating to the process of economic integration. The course will cover the main theoretical issues related to common markets, single currency areas, integration and competition. The main areas of interest will be the historical development of the EU, the EU regional, cohesion, trade and competition policies, labour mobility and migration, monetary unification and the impact of a single currency. 86

87 Professors: written examination Fitoussi, De Santis J. P. Fitoussi and J. Le Cacheux, Report on the State of European Union, Palgrave Macmillan, 2010; J. P. Fitoussi and J. Creel, How to reform the European Central Bank, CER, London, E2-Mac12-EaB: MACROECONOMICS Fall semester; 70 lectures; 7 hrs per week; 8 credits Introduction to macroeconomics: definitions, data and measurement Goods and financial market: the IS-LM model The labour market The aggregate demand and aggregate Supply: the AD-AS model The Phillips curve Money growth and inflation Growth The open economy: output, the interest rate and exchange Monetary policy and fiscal policy: what policy can do to improve economic performance? Professors: written examination Vallanti Oliver Blanchard, Macroeconomics, fourth edition, Prentice Hall Int., 2006; Gregory N. Mankiw, Macroeconomics, sixth edition, Worth Publishers, E2-Man13-EaB: MANAGEMENT Spring semester; 70 lectures; 7 hrs per week; 8 credits Strategy examines the choices facing an organization in its quest for survival and success. Its central focus is the organization as a whole rather than the perspective of a single function. Consequently, the course takes the perspective of those people responsible for the long-term health of the entity as a whole, not just part of it. These individuals would necessarily need to think beyond their mere functional role, whether it is in finance, marketing, human resources, operations, logistics, i.e. take a cross-functional perspective, thus maximizing the potential of the firm's scare resources. The module will examine the methods by which organizations achieve competitive advantage in national and international markets. We will explore a number of models and frameworks used by management teams and pay special attention to encouraging a critical awareness of the strengths and weakness of these analytical and conceptual tools. The aim is to develop the ability of the participants to use these methods selectively and skillfully, abilities that they will continue to develop during their careers. By covering competitive and corporate strategy as well as marketing, innovation and finance issues this course will provide a comprehensive approach to shaping tomorrow's business. Professors: case studies presentation and oral examination Torlò 87

88 Neil Thomson and Charles Baden-Fuller, Basic Strategy in Context: European Cases and Texts, Wiley-Blackwell publishing, E2-Mar14-EaB: MARKETING Spring semester; 70 lectures; 7 hrs per week; 8 credits Marketing is about the management of relations in the marketplace, and is realized by providing an offer to clients whose value exceeds that provided by competitors. In order to do so, marketers have to understand needs and expectations of their clients and the way in which competitors are trying to meet those needs; they have to design a value proposition that meets those expectations; and, finally, they have to deliver such an offer, by devising the appropriate communication and distribution systems. Professors: written exam Marcati Armstrong, G., and Ph. Kotler, Marketing: An introduction, 9 th edition, Pearson, E1-Mat115-EaB: MATHEMATICS 1 Fall semester; 70 lectures; 7 hrs per week; 10 credits Functions and graphs Exponential and logarithmic functions Matrix algebra Linear programming Limits and continuity Differentiation Curve sketching Integration Multivariable calculus Other activities: Professors: practical work written and oral exam written tests during the semester Sbaraglia James Stewart, Calculus (International Metric Edition), Paperback, 1368 pages, Brooks/Cole, International Edition, 2008; Lawrence E. Spence, Arnold J. Insel, Stephen H. Friedberg, Elementary Linear Algebra, Paperback, 656 pages, Pearson Education, second edition,

89 16 E2-MatFin16-EaB: MATHEMATICS FINANCE Spring semester; 60 lectures; 7 hrs per week; 8 credits The content of the course is not available at time of publcation. Professor: Savelli 17 E1-Mic17-EaB: MICROECONOMICS Spring semester; 70 lectures; 7 hrs per week; 8 credit Part 1: Preliminary notions on markets, prices, demand and supply, demand elasticity, scope for regulation. Part 2: Consumer choice, price changes and consumer welfare, the household as a supplier, cjhoice under uncertainty. Part 3: The firm and its goals, technology and production, cost. Part 4: The competitive model, price-taking firms and competitive markets, competitive equilibrium and welfare. Part 5: Market power, monopoly, oligopoly and strategic behavior, game theory. Part 6: Missing markets, asymmetric information, externalities and public goods. Other activities: Professor: lectures and exercise classes written exam Reichlin Wyn Morgan, Michael Katz, Harvey Rosen, Microeconomics, McGraw Hill, 2nd edition. 18 E1-PCL18-EaB: PRINCIPLES OF CIVIL LAW Fall semester; 70 lectures; 7 hrs per week; 8 credits Notions of legal system, of legal rule and of source of law. Italian, EC and international sources of law. Main features of the Constitution of Italy and the constitutions of other European countries. Basic notions of comparative law and main features of Civil Law and Common Law families. Fundamental rights. Legal capacity. Natural persons and entities. Ownership, possession and other rights in property. Security and credit guarantees. Notion of obligation and contractual liability. Performance, non-performance and impossibility. Juridical acts and facts. Notion and formation of contract. Interpretation. Representation. Validity. Termination. Typical and atypical contracts. Consumer law and European Directives. Principles of European Contract Law. Extra-contractual liability and compensation for damages. Principles of European Tort Law. Main features of successions upon death and inheritance, marriage, separation and divorce, patrimonial regime of the family. Professor: oral exam Tassone G. Iudica e P. Zatti, Language and Rules of Italian Private Law: An Introduction, Cedam, Padova, 2009; 89

90 Excerpts of J.S. Lena and U. Mattei (eds.), Introduction to Italian Law, Kluwer, Optional readings: S. Beltramo, The Italian Civil Code, Oceana Publication, E2-PS19-EaB: PROBABILITY AND STATISTICS Spring semester; 70 lectures; 7 hrs per week; 8 credits Probability Outcomes, events, and probability Conditional probability and independence Discrete random variables Continuous random variables Simulation Expectation and variance Computations with random variables Joint distributions and independence Covariance and correlation The Poisson process The law of large numbers The central limit theorem Statistics Exploratory data analysis Basic statistical models The bootstrap Unbiased estimators Efficiency and mean squared error Maximum likelihood Bayesian estimators The method of least squares Confidence intervals for the mean & beyond! Testing hypotheses Comparing two samples Professor: homeworks, written exam, final project Brutti Textbook: David Stirzaker, Elementary Probability,Paperback. 20 E1-St20-EaB: STATISTICS Spring semester; 70 lectures; 7 hrs per week; 10 credits Describing and summarizing data sets Probability Discrete random variables Normal random variables Distributions of sampling statistics Estimation Testing statistical hypotheses. 90

91 Other activities: Professor: exercises, Excel program, quizzes quizzes and final exam Rinott Textbook: Sheldon M. Ross, Introductory Statistics (Hardcover), Academic Press, second edition. 91

92 SUMMARY TABLE OF COURSES BACHELOR DEGREE COURSES : 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 Assessment E1-Acc1a/b/c/d-B ACCOUNTING 1/S 72 L oe/we 8 (Contabilità e bilancio) Onesti (A), Fortuna (B), Pinto (C), Sarcone (D) E3-BFB3-B BANKING AND FINANCIAL BROKERAGE 3/F 60 L oe 8 (Banche e intermediari finanziari) Comana (A), Curcio (B) E1-BA5a/b/c/d-B BUSINESS ADMINISTRATION 1/F 72 L oe/we 8 (Economia aziendale) Musaio (A), Fiori (B), Di Lazzaro (C), Musaio (D) E2-BL6a/b/c/d-B BUSINESS LAW 2/S 72 L oe/we 8 (Diritto commerciale) Niccolini (A), De Angelis (B), Lener (C), Palmieri (D) E2-BO7a/b/c/d-B BUSINESS ORGANIZATION 2/S 60 L oe/we 8 (Organizzazione aziendale) Casalino (A), Albano (B), Decastri (C), Marcheggiani (D) E3-BO8a/b-B BUSINESS ORGANIZATION 2/F 60 L oe/we 8 (Organizzazione aziendale) Casalino (A), Profili (B) E3-BO9a/b-B BUSINESS ORGANIZATION 3/F 60 L oe/we 8 (Organizzazione aziendale) Cicchetti (A), Federici (B) 92

93 Year/Sem Hours Assessment E1-CS10a/b/c/d-B COMPUTER SCIENCE 1/F 48 L oe/we 6 (Abilità Informatiche) Olivieri (A), Spagnoletti (B), Vituzzi (C), Za (D) E2-CF11a/b/c/d-B CORPORATE FINANCE 2/S 60 L oe/we 8 (Finanza aziendale) Cervellati (A), Spisni (B), Bozzi (C), Milano (D) E2-E12-B ECONOMETRICS 2/S 72L oe/we 8 (Econometria) Vallanti E3-EH14-B ECONOMIC HISTORY 3/S 60 L oe 8 (Storia economica) Palermo (A) E2-FM16a/b/c/d-B FINANCIAL MATHEMATICS 2/F 72 L oe/we 8 (Matematica finanziaria) Olivieri (A), De Angelis (B), Annibali (C), Foschini (D) E3-IE21a/b/c/d-B INDUSTRIAL ECONOMICS 3/F 60 L oe/we 8 (Economia industriale) Martoccia (A), Scognamiglio Pasini(B) Cassetta (C), Cassetta (D) E3-ISB22a/b-B INFORMATION SYSTEMS FOR BUSINESS 3/S 60 L oe/we 8 (Organizzazione dei sistemi informativi aziendali) Spagnoletti (A), D Atri (B) E3-IEF25-B INTERNATIONAL ECONOMICS AND FINANCE 3/S 72 L oe 8 (Economia e finanza internazionale) Manzocchi E3-IM26-B INTERNATIONAL MARKETING 3/S 60 L oe 8 (Marketing internazionale) Gregori 93

94 Year/Sem Hours Assessment E1-IPL27a/b/c/d-B ITALIAN PRIVATE LAW 1/F 72 L oe 8 (Diritto privato) Pardolesi (A), Conte (B), Di Ciommo (C), Di Gravio (D) E2-Man29a/b/c/d-B MANAGEMENT 2/F 60 L oe/we 8 (Economia e gestione delle imprese) Mele (A), Caroli (B), Pirolo (C) Giustiniano (D) E3-ManC30a/b-B MANAGEMENT CONTROLS 3/S 60 L oe/we 8 (Controllo di gestione) De Paolis (A), Bastia (B) E3-ManC31a/b-B MANAGEMENT CONTROLS 3/S 60 L oe/we 8 (Controllo di gestione) Di Carlo (A), Incollingo (B) E1-Mat33a/b/c/d-B MATHEMATICS 1 96 L oe/we 12 (Matematica) Cacciafesta (A), Papi-Gozzi (B), Sbraglia (C), Dall Aglio (D) E1-Mic35a/b/c/d-B MICROECONOMICS 1/S 70 L oe/we 8 (Microeconomia) Spallone(A), Di Cagno (B), Panaccione (C), Giordani (D) E3-MFM37-B MONETARY AND FINANCIAL MARKETS 3/F 77 L oe/we 10 (Economia dei mercati monetari e finanziari) Paladino, Rossi E3-OpMan39-B OPERATIONS MANAGEMENT 3/S 60 L oe/we 8 (Gestione della produzione Operations Management) De Falco, Lando E1 PEL41a/b/c/d-B PUBLIC ECONOMIC LAW (Diritto Pubblico dell Economia) Montedoro (A), Rossano (B), Sepe (C), Pellegrini (D) 1/S 48 L oe/we 6 94

95 Year/Sem Hours Assessment E2-PF42a/b/c/d-B PUBLIC FINANCE 2/S 48 L oe/we 6 (Scienza delle finanze) Piacentino (A), Pandimiglio (B), Taccone (C), Valiani E3-Mar44-B SERVICE MARKETING 3/S 60 L oe/we 8 (Marketing dei servizi) Cellini, Ibarra E2-St47a/b/c/d-B STATISTICS 2/F 72 we 8 (Statistica) Cubadda (A), Barbieri (B), Liseo(C) De Giovanni (D) 95

96 Economics and Business Year/Sem Hours Assessment E1-Acc1-EaB ACCOUNTING S 60 L we/oe 8 Di Donato E2-ASE2-EaB APPLIED STATISTICS AND ECONOMETRICS F 77 L we/oe 8 Ragusa E3-BO3-EaB BUSINESS ORGANIZATION F 60 L we/oe 8 Andrea North-Samardzic E3-CM4-EaB CAPITAL MARKETS F 60 L oe 8 Zadra E3-CF5-EaB CORPORATE FINANCE F 60 L we/oe 8 Baldi E3-EUPH8-EaB EU ECONOMIC POLICIES AND HISTORY F 60 L - 8 De Cecco, Viviani E2-FMI7-EaB FINANCIAL MARKETS AND INTERMEDIARIES S 65 L we/oe 8 Vitale E2-IO8-EaB INDUSTRIAL ORGANIZATION F 60 L we 8 Martina E3-IS9-EaB INFORMATION SYSTEMS F 48 L we 6 Me E1-IBE10-EaB INTRODUCTION TO BUSINESS ECONOMICS F 60 L we/oe 8 Tiscini E2-IEEI11-EaB INTRODUCTION TO THE ECONOMICS OF EUROPEAN INTEGRATION Fitoussi, De Santis S 60 L we 8 96

97 Year/Sem Hours Assessment E2-Mac12-EaB MACROECONOMICS F 72 L we 8 Vallanti E2-Man13-EaB MANAGEMENT S 60 L oe 8 Torlò E2-Mar14-EaB MARKETING S 60 L we 8 Marcati E1-Mat115-EaB MATHEMATICS 1 F 77 L we 10 Sbaraglia E2-MatFin16-EaB MATHEMATICS FINANCE S 60 L - 8 Savelli E1-Mic17-EaB MICROECONOMICS S 60 L we 8 Reichlin E1-PCL18-EaB PRINCIPLES OF CIVIL LAW F 60 L oe 8 Tassone E2-PS19-EaB PROBABILITY AND STATISTICS S 60 L we 8 Brutti E1-St20-EaB STATISTICS S 77 L we 10 Rinott 97

98 Elective courses Semester Hours Assessment E3-APC2-B ASSET PRICING AND COMMODITIES F 60 L we 8 D Ecclesia E3-BL4-B BANKING LAW S 60 L oe 8 (Diritto bancario) Pellegrini E3-EGD13-B ECONOMIC GROWTH AND DEVELOPMENT S 60 L we 8 Zeira, Di Vaio E3-EP15 B ECONOMIC POLICY F 60 L oe/we 8 (Politica economica) Neri (A) E3-HTED17-B HISTORY AND THEORY OF ECONOMIC DEVELOPMENT F 60 L oe 8 (Storia e teoria dello sviluppo economico) Farese E3-HET18-B HISTORY OF ECONOMIC THOUGHT S 70 L oe 8 (Storia del pensiero economico) Di Taranto E3-HEBO19-B HISTORY OF ENTERPRISE AND BUSINESS ORGANISATION (Storia dell impresa e dell organizzazione aziendale) Taccolini E3-HuROM20-B HUMAN RESOURCES ORGANISATION AND MANAGEMENT (Organizzazione e gestione delle risorse umane) Gabrielli F 60 L oe 8 F 60 L oe 8 E3-IM21-B INDUSTRIAL MARKETING S 60 L oe/we 8 (Marketing industriale) Lanzara 98

99 Semester Hours Assessment E3-IACMBR23-B INTERNAL AUDITING, COMPLIANCE AND THE MANAGEMENT OF BUSINESS RISKS (Revisione interna, compliance e gestione dei rischi aziendali) Ferrari, Ricci S 60 L we 8 E3-IE24-B INTERNATIONAL ECONOMICS S 60 L we 8 Petrucci E3-LSC28-B LOGISTICS AND THE SUPPLY CHAIN F 60 L oe 8 (Logistica e supply chain) Perrone E3-MarStr32-B MARKETS AND STRATEGIES S 60 L we 8 Devetag E3-MerAcq34-B MERGERS AND ACQUISITIONS S 60 L oe/we 8 (Operazioni di finanza straordinaria) Potito E3-MCE36-B MONETARY AND CREDIT ECONOMICS S 60 L oe/we 8 (Economia monetaria e creditizia) Di Giorgio E3-MonBan38-B MONEY AND BANKING S 60 L we 8 Nisticò E3-PsEc40-B PSYCHOLOGY AND ECONOMICS S 60 L oe 8 (Psicologia ed economia) Castelfranchi E3-PUE43-B PUBLIC UTILITY ECONOMICS F 60 L oe/we 8 (Economia dei servizi di pubblica utilità) Marcuccio E3-SocC45-B SOCIAL CHOICE F 60 L we 8 Hey, Pasca 99

100 Semester Hours Assessment E3-SSM46-B SOCIAL SCIENCES METHODOLOGY F 60 oe 8 (Metodologia delle scienze sociali) Infantino E3-TE48-B TAX ECONOMICS F 60 L oe/we 8 (Economia dei tributi) Valiani 100

101 PREREQUISITES (PROPEDEUTICITA ) Economics and Management PREREQUISITES E1-Acc1a/b/c/d-B ACCOUNTING (Contabilità e Bilancio) E3-BL4-B BANKING LAW (Diritto bancario) E2-BL6a/b/c/d-B BUSINESS LAW (Diritto commerciale) E2-CF11a/b/c/d-B CORPORATE FINANCE (Finanza aziendale) E2-E12-B ECONOMETRICS (Econometria) E3-EP15 B ECONOMIC POLICY (Politica economica) E2-FM16a/b/c/d-B FINANCIAL MATHEMATICS (Matematica finanziaria) E3-IE21a/b/c/d-B INDUSTRIAL ECONOMICS (Economia industriale) E3-IE24-B INTERNATIONAL ECONOMICS (Economia Internazionale) E2-PF42a/b/c/d-B PUBLIC FINANCE (Scienza delle finanze) BUSINESS ADMINISTRATION ITALIAN PRIVATE LAW ITALIAN PRIVATE LAW ACCOUNTING MACROECONOMICS STATISTICS MICROECONOMICS MACROECONOMICS MATHEMATICS MICROECONOMICS MACROECONOMICS MACROECONOMICS MICROECONOMICS 101

102 Economics and Business PREREQUISITES ECONOMETRICS STATISTICS GAMES AND STRATEGIES MATHEMATICS 1 MACROECONOMICS MICROECONOMICS MATHEMATICS 2 MATHEMATICS 1 102

103 GENERAL COURSE STRUCTURE MASTER S DEGREE COURSES Economics and Business Management Management Entrepreneurship and Markets Marketing Business Finance Professional Studies Economics and Finance Banks and Financial Intermediaries Quantitative Finance and Markets Financial Economics (in English) General Management (in English) International Business Finance Management of Innovation Luxury and Fashion E-Business and Management of Information Systems (first year only) Please note that Master s courses are very advanced and only guest students meeting the following requirements may enrol in such courses: a bachelor degree or three years of study completed before departure; a very good command of Italian language; the necessary prerequisites; no time-table clashes because attendance of each course is compulsory. : from 4 to 8 depending on the course. Total credits for each degree course:

104 Economics and Business Management FIRST YEAR Management Fall semester BUSINESS ECONOMICS (ADVANCED) 8 Economia dell Impresa (corso progredito) ECONOMICS AND INTERNATIONAL ENTERPRISES MANAGEMENT (ADVANCED) Economia e Gestione delle Imprese Internazionali (corso progredito) 8 COMPANY LAW 8 Diritto Societario GLOBAL MACROECONOMIC OUTLOOK 8 Prospettive Macroeconomiche Globali Spring semester CORPORATE FINANCE (ADVANCED) 8 Finanza Aziendale (corso progredito) MARKETING POLICIES 8 Politiche di Marketing QUANTITATIVE METHODS 8 Metodi Quantitativi BUSINESS ORGANISATIONS (ADVANCED) 8 Organizzazione Aziendale Avanzato Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 104

105 FIRST YEAR Entrepreneurship and Markets Fall semester BUSINESS ECONOMICS (ADVANCED) 8 Economia dell Impresa (corso progredito) ECONOMICS AND INTERNATIONAL ENTERPRISES MANAGEMENT (ADVANCED) Economia e Gestione delle Imprese Internazionali (corso progredito) 8 ADVANCED BUSINESS LAW 8 Diritto Commerciale Progredito COMPANY LAW 8 Diritto Societario Spring semester BUSINESS METHODS AND RATIOS 8 Metodologie e Determinazioni Quantitative d Azienda BUSINESS DEVELOPMENTAND CREATION 8 Sviluppo e Creazione di impresa QUANTITATIVE METHODS 8 Metodi quantitativi DISTRIBUTION AND SALES SYSTEMS 8 Sistemi di Distribuzioni e Vendite Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 105

106 FIRST YEAR Marketing Fall semester BUSINESS ECONOMICS (ADVANCED) 8 Economia dell Impresa (corso progredito) ECONOMICS AND INTERNATIONAL ENTERPRISES MANAGEMENT (ADVANCED) Economia e Gestione delle Imprese Internazionali (corso progredito) 8 STATISTICS AND MARKET RESEARCH 8 Statistica e Ricerche di Mercato GLOBAL MACROECONOMIC OUTLOOK 8 Prospettive Macroeconomiche Globali Spring semester INTERNATIONAL MARKETING (ADVANCED) 8 Markting Internazionale (corso progredito) COMMUNICATION STRATEGIES AND ADVERTISING TECHNIQUES Strategie di Comunicazione e Tecniche di Pubblicitá 8 DISTRIBUTION AND SALES SYSTEMS 8 Sistemi di Distribuzioni e Vendite INDUSTRIAL LAW 8 Diritto Industriale Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 106

107 FIRST YEAR Business Finance Fall semester BUSINESS ECONOMICS (ADVANCED) 8 Economia dell Impresa (corso progredito) FINANCIAL MATHEMATICS (ADVANCED) 8 Matematica Finanziaria (corso progredito) COMPANY LAW 8 Diritto Societario GLOBAL MACROECONOMIC OUTLOOK 8 Prospettive Macroeconomiche Globali Spring semester CORPORATE FINANCE (ADVANCED) 8 Finanza Aziendale (corso progredito) MANAGEMENT CONTROLS 8 Controllo di Gestione CORPORATE GOVERNANCE AND INTERNAL AUDITING 8 Corporate Governance e Internal Auditing ECONOMICS AND CREDIT INSTITUTIONS 8 Economia delle Aziende di Credito Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 107

108 FIRST YEAR Professional Fall semester BUSINESS ECONOMICS (ADVANCED) 8 Economia dell Impresa (corso progredito) FINANCIAL MATHEMATICS (ADVANCED) 8 Matematica Finanziaria (corso progredito) COMPANY LAW 8 Diritto Societario GLOBAL MACROECONOMIC OUTLOOK 8 Prospettive Macroeconomiche Globali Spring semester TAX LAW (ADVANCED) 8 Diritto Tributario (corso progredito) BUSINESS CONSULTING TECHNIQUES 8 Tecnica Professionale BUSINESS METHODS AND RATIOS 8 Metodologie e Determinazioni Quantitative d Azienda CORPORATE GOVERNANCE AND INTERNAL AUGITING 8 Corporate Governance e Internal Auditing Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 108

109 SECOND YEAR Management Fall semester INNOVATION AND PROJECT MANAGEMENT 8 Gestione dell Innovazione e dei Progetti BUSINESS STRATEGY 8 Strategie d Impresa CORPORATE FINANCE (ADVANCED) 8 Finanza Aziendale Avanzato Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 109

110 SECOND YEAR Entrepreneurship and Markets Fall semester INNOVATION AND PROJECT MANAGEMENT 8 Gestione dell Innovazione e dei Progetti BUSINESS STRATEGY 8 Strategie d Impresa ENTREPENEURSHIP AND VENTURE CAPITAL 8 Finanza Imprenditoriale Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 110

111 SECOND YEAR Marketing Fall semester CONSUMER BEHAVIOR 8 Consumer Behavior ECONOMICS AND ADVERTISING PRACTICE 8 Economia e Tecnica della Pubblicità BUSINESS STRATEGY 8 Strategie d Impresa Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 111

112 SECOND YEAR Business Finance Fall semester BUSINESS STRATEGY 8 Strategie d Impresa CORPORATE FINANCE (ADVANCED) 8 Finanza Aziendale Avanzato SECURITIES AND DERIVATIVES (ADVANCED) 8 Economia del Mercato Mobiliare (corso progredito) Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 112

113 SECOND YEAR Professional Fall semester CORPORATE INSOLVENCY LAW 8 Diritto delle Crisi di Impresa BUSINESS AUDITING 8 Revisione Aziendale BUSINESS STRATEGY 8 Strategie d Impresa or: ECONOMICS AND INTERNATIONAL ENTERPRISES 8 MANAGEMENT Economia e Gestione delle Imprese Internazionali (corso progredito) Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 113

114 Economics and Finance FIRST YEAR Banks and Financial Intermediaries/Quantitative Finance and Markets Fall semester FINANCIAL MARKETS LAW 8 Diritto dei Mercati Finanziari ECONOMICS AND THE SECURITIES MARKET (ADVANCED) 8 Economia del Mercato Mobiliare (corso progredito) INTERNATIONAL ACCOUNTING STANDARDS AND IFRS 8 Principi Contabili Internazionali e IFRS ECONOMICS OF UNCERTAINTY AND INFORMATION 8 Economia dell Incertezza e dell Informazione 114

115 FIRST YEAR Banks and Financial Intermediaries Spring semester FINANCIAL MATHEMATICS (ADVANCED) 8 Matematica Finanziaria (corso progredito) FINANCIAL AND CREDIT DERIVATIVES (ADVANCED) 8 Derivati Finanziari e Creditizi (Gestione del Rischio) MONETARY THEORY AND POLICY 8 Teoria e Politica Monetaria ASSET ALLOCATION AND PORTFOLIO MANAGMENT 8 Scelte di Portafoglio e Gestione del Risparmio Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 115

116 FIRST YEAR Quantitative Finance and Markets Spring semester FINANCIAL MATHEMATICS (ADVANCED) 8 Matematica Finanziaria (corso progredito) FINANCIAL AND CREDIT DERIVATIVES (ADVANCED) 8 Derivati Finanziari e Creditizi (Gestione del Rischio) FINANCIAL MATHEMATICS (ADVANCED) 8 Metodi Matematici per Economia e Finanza ASSET ALLOCATION AND PORTFOLIO MANAGMENT 8 Scelte di Portafoglio e Gestione del Risparmio Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 116

117 FIRST YEAR Financial Economics (in English) Fall semester MICROECONOMICS I 8 ECONOMETRICS I 8 MATHEMATICS 8 FINANCIAL ECONOMICS 8 Spring semester MACROECONOMICS 8 ECONOMETRICS II 8 MICROECONOMICS II 8 Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 117

118 SECOND YEAR Banks and Financial Intermediaries Fall semester ASSET ALLOCATION AND MANAGEMENT 8 Scelte di Portafoglio e Gestione del Risparmio RISK MANAGEMENT 8 Risk Management ECONOMICS AND MANAGEMENT OF FINANCIAL INTERMEDIARIES Economia e Gestione degli Intermediari Finanziari 8 Learning Activities OTHER ACTIVITIES (internships, foreign langauge ) 4 Altre Attività (tirocini, lingua straniera ) ELECTIVE COURSE 8 Esame a Scelta PROJECT WORK 20 Project Work 118

119 SECOND YEAR Quantitative Finance and Markets Fall semester ASSET ALLOCATION AND MANAGEMENT 8 Scelte di Portafoglio e Gestione del Risparmio HISTORICAL SERIES AND FINANCIAL ECONOMETRICS 8 Serie Storiche e Econometria Finanziaria STOCHASTIC PROCESSES AND FINANCIAL APPLICATIONS 8 Processi Stocastici e Applicazioni alla Finanza Learning Activities OTHER ACTIVITIES (internships, foreign langauge ) 4 Altre Attività (tirocini, lingua straniera ) ELECTIVE COURSE 8 Esame a Scelta PROJECT WORK 20 Project Work 119

120 SECOND YEAR Financial Economics (in English) Fall semester M&E AND INVESTMENT BANKING 8 COMPANY AND BUSINESS LAW 8 ASSET MANAGEMENT 8 Learning Activities OTHER ACTIVITIES (INTERNISHIPS, FOREIGN LANGUAGE ) 4 Altre attività (tirocini, lingua straniera ) PROJECT WORK 20 Project Work ELECTIVE COURSE 8 Esame a Scelta 120

121 Elective Courses Elective courses in Italian The following Master s courses will be activated with a minimum of 20 students. COURSE CREDITS SEMESTER PROFESSOR ECONOMICS AND FINANCE OF EMERGING COUNTRIES Economia e Finanza dei Paesi Emergenti 8 fs De Cecco Di Vaio ENERGY ECONOMICS Economia dell Energia 8 fs Bollino EUROPEAN ECONOMIC INTEGRATION Intergrazione Economica Europea 8 fs Neri HISTORY OF FINANCE AND FINANCIAL SYSTEMS Storia della Finanza e dei Sistemi Finanziari 8 fs Di Taranto JOINT VENTURES AND OTHER FORMS OF COOPERATION Joint Ventures e Altre Forme di Cooperazione 8 fs Zappa 121

122 MEDIA ECONOMICS AND MANAGEMENT Economia e Gestione dei Media 8 fs Leone Scatassa PROCEDURAL TAX LAW Diritto Processuale Tributario 8 fs Marchetti PRODUCT AND BRAND MANAGEMENT Gestione del Prodotto e della Marca 8 fs Cercola PUBLIC ECONOMICS AND REGULATION Economia Pubblica e Regolamentazione 8 fs Segre REAL ESTATE FINANCE Finanza Immobiliare 8 fs Casertano - Cuccia REMUNERATION SYSTEMS AND HUMAN RESOURCE MANAGEMENT Sistemi di Remunerazione e Gestione delle Risorse Umane 8 fs Gabrielli TRANSPORTATION AND INFRASTRUCTURE ECONOMICS Economia dei Trasporti e delle Infrastrutture 8 fs Cassetta - Paniccia 122

123 Elective courses in English 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 Faculty (bearing in mind that it will not always be possible to avoid conflicts between lecture times). COURSE CREDITS SEMESTER PROFESSOR ECONOMICS AND MANAGEMENT OF ENERGY BUSINESS 8 fs Mathews PLANNING AND CONTROL 8 fs Ferraris TOURISM MANAGEMENT 8 fs Lazzerini Dall Aglio Students doing a master's degree course taught in English may sit any one of the exams set out in the above list. 123

124 General Management Please Note: This course is entirely taught in English. FIRST YEAR (CORE COURSES COMMON TO ALL PATHS) General Management Fall semester PERFORMANCE MEASUREMENTAND FINANCIAL RESOURCES 8 COMPANY AND BUSINESS LAW 6 BUSINESS ORGANIZATION AND HUMAN RESOURCES 8 DATA ANALYSIS AND QUANTITATIVE METHODS 6 Spring semester GLOBAL ECONOMIC CHALLENGES 12 CORPORATE STRATEGIES 8 ADVANCED CORPORATE FINANCE 8 MARKETING MANAGEMENT 8 Learning Activities OPTIONAL EXAMS 8 OTHER ACTIVITIES (INTERNSHIP, BUSINESS ENGLISH, FOREIGN LANGUAGE ) 4 MASTER THESIS

125 SECOND YEAR International Business Fall semester INTERNATIONAL BUSINESS 8 INTERNATIONAL TRADE 8 BUSINESS ORGANIZATION 8 Learning Activities OPTIONAL EXAMS 8 OTHER ACTIVITIES (INTERNSHIP, BUSINESS ENGLISH, FOREIGN LANGUAGE ) 4 MASTER THESIS

126 SECOND YEAR Finance Fall semester INTERNATIONAL FINANCE 8 M&A AND INVESTMENT BANKING 8 ASSET MANAGEMENT 8 Learning Activities OPTIONAL EXAMS 8 OTHER ACTIVITIES (INTERNSHIP, BUSINESS ENGLISH, FOREIGN LANGUAGE ) 4 MASTER THESIS

127 SECOND YEAR Luxury and Fashion Fall semester LUXURY MANAGEMENT 8 FASHION MANAGEMENT 8 INTERNATIONAL MARKETING 8 Learning Activities OPTIONAL EXAMS 8 OTHER ACTIVITIES (INTERNSHIP, BUSINESS ENGLISH, FOREIGN LANGUAGE ) 4 MASTER THESIS

128 DESCRIPTION OF COURSES (Alphabetical Order) Master Courses General Management 1 E1-ACF1-GM: ADVANCED CORPORATE FINANCE Spring semester; 70 lectures; 7 hrs per week; 8 credits CAPITAL BUDGETING 1) Investment decision rules 2) Fundamentals of capital budgeting VALUING BONDS AND STOCKS 1) Valuing bonds 2) Valuing stocks RISK AND THE COST OF CAPITAL 1) Capital markets and the pricing of risk 2) Portfolio choices 3) Capital asset pricing model 4) Alternative models of systematic risk CAPITAL STRUCTURE AND VALUATION 1) Capital structure in a perfect market 2) The effect of debt and taxes 3) Valuation MERGERS & ACQUISTIONS Other Activities: Professor: case studies and papers oral and written exam Oriani Berk J., DeMarzo P., Corporate Finance, Pearson International Education, E2-AM2-GM: ASSET MANAGEMENT Fall semester; 70 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: written exam Micillo 128

129 Brown & Reilly, Investment Analysis and Portfolio Management, International edition (2005) (required); Litterman et al., Modern Investment Management: An Equilibrium Approach (2003) (recommended). A detailed syllabus will be distributed in class. 3 E2-BO3-GM: BUSINESS ORGANIZATION Fall semester; 70 lectures; 7 hrs per week; 8 credits Organizations and organizational effectiveness Stakeholders, Managers and Ethics Organizing in a Changing Global Environment Basic Challenge of Organizational Design Designing Organizational Structure: Authority and Control Designing Organizational Structure: Specialization and Coordination Creating and Managing Organizational Culture Organizational Design and Strategy in a Changing Global Environment Organizational Design Competences and Technology Types and forms of Organizational Change Organizational Tranformation Decision Making. Learning. Knowledge Management and Information Technology Innovation Entrepreneurship and creativity Managing Conflict, Power and Politics Case Studies Other activities. Professor: frontal lessons, case studies analysis, project works, discussions oral and written exam De Marco Gareth R. Jones, Organizational Theory, Design, and Change, Pearson Prentice Hall, 5th Edition, ISBN ; Gareth R. Jones, The role of information technology in the organization: a review, model, and assessment, Todd Dewett, Journal of management 2001; Satish Nambisan, Ritu Agarwal, Mohan Tanniru, Organizational mechanisms for enhancing user innovation in information technology, MIS Quarterly, vol. 23, issue 3, David A. Garvin and Lynne C. Levesque, The Multiunit Enterprise, Harvard Business Review, E1-BOHR4-GM: BUSINESS ORGANIZATION AND HUMAN RESOURCES Fall semester; 70 lectures; 7 hrs per week; 8 credits The content of the course is not available at the time of publication. Professor: North-Samardzic 129

130 5 E1-CBL5-GM: COMPANY AND BUSINESS LAW Fall semester; 48 lectures; 7 hrs per week; 6 credits Introduction (legal terms). Common law vs. civil law jurisdictions. Insider vs. outsider systems. Legal characteristics of listed companies worldwide. Corporate law and the agency problem. The economic analysis of law. Shareholders vs. managers. Controlling shareholders vs. minority shareholders. Governance structures to protect shareholders as class. Corporate governance and ownership structure. Board structures (one-tier; two-tier (vertical / horizontal). OECD principles of corporate governance. Ownership structure and fundamental principles of company law in: Italy; UK; Germany; USA. Codes of best practice in the same countries. International contracts. The above mentioned topics will be dealt with also through examination of: by-laws drafted by major listed companies around the world; leading case-law; contracts. Professor: written exam Bruno Kraakman, Davies, Hansmann, Hertig, Hopt, Kanda, Rock, The anatomy of corporate law. A comparative and functional approach, Oxford University Press, E1-CorStr6-GM: CORPORATE STRATEGIES Spring semester; 70 lectures; 7 hrs per week; 8 credits I. The concept of strategy The role of analysis in strategy formulation The distinction between corporate and business strategy II. Analyzing the industry environment From environmental analysis to industry analysis Classical Strategic Analysis: Structure-Conduct-Performance Paradigm Analysing industry attractiveness Porter: The five forces framework III. Analysing Resources and capabilities The role of resources and capabilities in strategy formulation Organizational capabilities Developing Resources and capabilities The contribution of knowledge management IV. Business Strategy Competitive advantage: identifying key success factors Sustaining competitive advantage Cost leadership Differentiation Strategy Segmentation Strategy V. Corporate Strategy Vertical Integration Global Strategies and Multinational Corporation: Internationalization Diversification: managing the multi-business corporation VI. Strategy Valuation Methods Net Present Value (NPV) Valuation using Multiples Market Value and Book Value Real options Method (ROM) 130

131 Other Activities: Professor: lectures, seminars, business cases and simulation participation in class discussion, midterm exam, case studies, business case competition, oral exam Boccardelli Robert M. Grant, Contemporary Strategy Analysis, Blackwell Publishing, sixth edition; Case to Accompany Contemporary Strategy Analysis, sixth edition. 7 E1-DAQM7-GM: DATA ANALYSIS AND QUANTITATIVE METHODS Fall semester; 48 lectures; 3 hrs per week; 6 credits Descriptive statistics, basic probability, estimation and confidence intervals. Testing Hypotheses. Linear models. Other Activities: Professor: lectures, homework, exercises, tests, textbook reading written exam Scalia Tomba Berenson, Levine and Krehbiel, Basic Business Statistics concepts and applications, Prentice Hall. 8 E2-FM8-GM: FASHION MANAGEMENT Fall semester; 70 lectures; 7 hrs per week; 8 credits Brand, Retail, Customer Experience: 3 related essential and strategic tools in the luxury/fashion business. 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 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 Management (beyond customer satisfaction): From Traditional Marketing to Experiential Marketing, Emotion as main human behavioural driver. Measuring the Customer Experience: the Customer Experience Audit (providing outdoor training). Building the Customer Experience in all the touchpoints Brand/Customer: different practices (i.e.: Bernd Schmitt, Shaun Smith, Colin Shaw). The importance of an excellent Employees Experience to deliver an excellent Customer Experience: how to build and manage it, 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 Pipeline Fashion seasons and turnover Trends: how trends start Style: creativity and inspiration as fundamental elements in the fashion business Fashion Companies organizations and functions: who does what in a fashion company. Consumer Behavior: why people buy things they don t need? Sustainability and CSR in the Fashion business. 131

132 participation, presentations Professor: Fei Stefania Saviolo Erica Corbellini, Managing Fashion and Luxury Companies, ETAS, 2009; Other Suggested Books: Bernd Schmitt, Customer Experience Management, New York Free Press, 2003; Mark Tungate, Fashion Brands: branding style from Armani to Zara, KOGAN PAGE, ; B. J. Pine J. H. Gilmore, The Experience Economy, Harvard Business School Press, 1999; Martin Lindstrom, Brand Sense Build powerful Brands through Touch, Taste, Smell, Sight and Sound, Free Press, 2005; 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, 2002; Rita Clifton and AAVV, Brands and Branding, The Economist and Profile Books, E1-GEC9-GM: GLOBAL ECONOMIC CHALLENGES Spring semester; 96 lectures; 7 hrs per week; 12 credits General ideas of macroeconomics, with focus on open economies. Main topics: growth, business cycles, inflation and current accounts. Applications to fiscal policy, monetary policy and development policies. Other Activities: Professor: case studies and papers a final exam that counts for 70% of the grade and the rest 30% are the problem sets. Zeira Material supplied by teacher. Text book recommended but not required is by Sachs and Larraine. 10 E2-IB10-GM: INTERNATIONAL BUSINESS Fall semester; 70 lectures; 7 hrs per week; 8 credits International Business is concerned with the dynamics of firm and industry competition in the global economy. The course takes the perspective of firms active internationally, both as multinationals operating businesses in the Periphery, or as firms growing from anywhere in the world market. The course is designed to develop the critical conceptual frameworks needed to make sense of the most important developments, from firm-level competitive postures, to industry dynamics, country and regional advantages, and the development of the global economy The conceptual framework of the latecomer effect and its adoption in Asia-Pacific strategies is central to the course. Professor: Mathews oral and written exam The course participants will be provided with a set of reading materials (cases and articles) drawn from the current IB literature. There will also be reference to the research monograph 132

133 published by the course presenter, Dragon Multinationals: A New Model of Global Growth (OUP 2002) (available from the LUISS Library). 11 E2-IF11-GM: INTERNATIONAL FINANCE Fall semester; 70 lectures; 7 hrs per week; 8 credits The aim of this course is to provide an integrated view of international financial markets and the management of multinational firms. The focus will be on the markets for spot exchange, currency forwards, options, swaps, international bonds, and international equities. For each of these markets, students will study the valuation of instruments traded in these markets and, through cases, the application of these instruments to the following corporate decisions: (i) managing exposure to exchange rates and country risk, (ii) financing in international capital markets, and (iii) international capital budgeting in the presence of multiple currencies, international tax regulations, and sovereign risk. Professor: written and oral exam Benigno Bekaert, Geert and Robert Hodrick, 2007, International Financial Management, unpublished manuscript; Sercu, Piet, 2007, International Finance: Putting Theory to Practice, unpublished manuscript. 12 E2-IM12-GM: INTERNATIONAL MARKETING Fall semester; 70 lectures; 7 hrs per week; 8 credits The content of the course is not available at time of publication. Professor: Mathews 13 E2-IT13-GM: INTERNATIONAL TRADE Fall semester; 70 lectures; 7 hrs per week; 8 credits 1 Multinationals: What Are They and How Are They Measured? 2 The Multinational Enterprise: an Overview of Theory and Empirical Findings 3 Horizontal Foreign Direct Investment: Product Market Access 4 Vertical Foreign Direct Investment: Input Costs and Factor Prices 5 Determinants of FDI: the Evidence 6 Host Country Effects: Conceptual Framework and the Evidence 7 FDI and the Host Economy: a Case Study of Ireland 8 Home Country Effects of Foreign Direct Investment Professor: project work and/or written and oral test Manzocchi Giorgio Barba Navaretti and Anthony J. Venables, Multinational Firms in the World Economy, Princeton University Press, 2004; Frederick Guy, The global environment of business, Oxford U.P,

134 Background Reference (not compulsory for students with some knowledge of International economics): Paul R. Krugman, Maurice Obstfeld, International Economics, E2-LM14-GM: LUXURY MANAGEMENT Fall semester; 70 lectures; 7 hrs per week; 8 credits In order to give students an understanding of the theory and practices typical of the luxury and design industries, the course structure has been divided into two main areas: 1. Lessons: As detailed in the course calendar, lessons will be primarily based on excathedra style where we ask each student to actively participate during the class in order to discuss the principles associated with the course. This participation is paramount as a portion of each student s grade is going to be assessed by the degree and quality of the discussion that will be held in class. 2. Project: In parallel to the ex-cathedra activities, this course foresees the development of a project that will be conducted in a team environments on behalf of students. The objective of this part of the course is to allow each student to familiarize themselves with the principles and theories presented and discussed during the lectures and apply them to the development of a project in which each group must respond to a company brief that (based on the subject at hand) necessitates the development of an innovative solution to the problem at hand. Projects will be developed both during classroom time (for which special Group Work Sessions have been planned) and outside classroom time. Typically, while Group Work Sessions will help project teams organize themselves, allow each group to have a common meeting ground to work together, and allow each group to interact with the course Professors / Assistants, it is strongly recommended that each group develop their own way to dedicate the necessary time to carry out the various tasks associated with this part of the course. Professor: written exam, group project results, in class participation Marchesi/Festa Pamela Danziger, Let Them Eat Cake: Marketing Luxury to themasses - As well as the Classes, 2005; Radha Chadha, The Cult of the Luxury Brand: Inside Asia's Love Affair With Luxury, 2007; Dana Thomas, Deluxe: How Luxury Lost Its Luster, 2007; Michael Silverstein, Trading Up: The New American Luxury, 2003; Ronald D. Michman, Edward M. Mazze, The Affluent Consumer: Marketing and Selling the Luxury Lifestyle; Uche Okonkwo, Luxury Fashion Branding: Trends, Tactics, Techniques; Michel Chevalier, Gerald Mazzalovo, Luxury Brand Management: A World of Privilege; Brigitte Borja de Mozota, Design Management: Using design to build brand value and corporate innovation, Allworth Press NY, 2003; Kathryn Best, Design Management: Managing Design Strategy, Process and Implementation, AVA publishing, Course lecture slides (PDF format). 134

135 15 E2-M&AIB15-GM: M&A AND INVESTMENT BANKING Fall semester; 70 lectures; 7 hrs per week; 8 credits In this course students learn how investment banks and investment bankers operate. M&A, public offerings, venture capital, sales and trading, merchant banking, debt financing, institutional research, among numerous other aspects of the investment banking field, are studied, analyzed, and discussed. Emphasis is on developing analytical tools and social skills necessary to succeed in the world of international high finance. The role of a successful analyst and associate operating in such settings, and working on such transactions will be emphasized in particular. Professor: written exam, case-article analysis, quizzes Langer Edwin Miller, Mergers and Acquisitions, A Step by Step Legal and Practical Guide, Wiley, Coursepack: (Provided by professor) of required readings including case studies and pertinent articles to be distributed in class. Coursepack readings will include: Regulatory guidelines Debt and equity prospectus Select financial analyses Investment banking marketing materials Selling memorandum Term sheets Investment banking exhibit books Institutional research Business plans 16 E1-MM16-GM: MARKETING MANAGEMENT Spring semester; 70 lectures; 7 hrs per week; 8 credits Marketing is about the management of relations in the marketplace, and is realized by providing an offer to clients whose value exceeds that provided by competitors. In order to do so, businesses need to Understand customers, through market research; Set up a marketing information system to analyze competitors; Define an appropriate marketing strategy, by choosing an attractive target and by devising a distinctive positioning strategy; Design and price a competitive "value proposition", in terms of products, services and experiences provided to clients; Deliver one's offer, by deciding the appropriate communication and distribution systems and activities. Professor: Leeflang 135

136 17 E1-PMFR17-GM: PERFORMANCE MEASUREMENT AND FINANCIAL REPORTING Fall semester; 70 lectures; 7 hrs per week; 8 credits This course focuses on the theoretical and practical processes of designing, implementing and using performance measurement systems. It goes beyond financial and not financial measures introducing students to a series of practical tools and techniques that can be used to identify, design, analyze, manage and implement a performance measurement system. The main themes include: measuring performance: theoretical foundations and main perspectives; the performance measurement tools; financial vs. non financial indicators; how to use the measures to manage and improve performance: accounting, marketing and organizational perspectives; Performance as a mechanism for motivation and control Other Activities: Professor: case studies and papers oral and written exam Fiori Neely A., Business Performance measurement, Cambridge University Press, 2004; Harvard Business Review on Measuring Corporate Performance. Harvard Business Review Paperback Series; Brealy - Myers, Principles of Corporate Finance, McGrow-Hill College,

137 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. : 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 E2-BAu1-M BUSINESS AUDITING 2/F we/oe 8 (Revisione aziendale) E1-BCT2-M BUSINESS CONSULTING TECHNIQUES 1/S we/oe 8 (Tecnica Professionale) E1-BCD3-M BUSINESS CREATION AND DEVELOPMENT 1/S we/oe 8 (Creazione e sviluppo di impresa) E1-BE(Adv)4-M BUSINESS ECONOMICS - ADVANCED 1/F we/oe 8 (Economia dell Impresa corso progredito) 137

138 Year/Sem Assessment E1-BMR5-M BUSINESS METHODS AND RATIOS 1/S we/oe 8 (Metodologie e Determinazioni Quantitative d Azienda) E1-BO(Adv)6-M BUSINESS ORGANISATIONS (ADVANCED) 1/S we/oe 8 (Organizzazione Aziendale - Avanzato) E2-BS7-M BUSINESS STRATEGY 2/F we/oe 8 (Strategie d Impresa) E1-CSAT8-M COMMUNICATION STRATEGIES AND ADVERTISING TECHNIQUES (Strategie della Comunczione e Tecniche della Pubblicità) 1/S we/oe 8 E1-CL9-M COMPANY LAW 1/F oe 8 (Diritto Societario) E2-CB10-M CONSUMER BEHAVIOR 2/F we/oe 8 (Consumer behavior) E1-CF(Adv)11-M CORPORATE FINANCE (Advanced) 1/S we/oe 8 (Finanza aziendale - avanzato) E2-CF(Adv)12-M CORPORATE FINANCE (Advanced) 2/F we/oe 8 (Finanza aziendale - avanzato) E1-CGIA13-M CORPORATE GOVERNANCE AND INTERNAL AUDITING (Corporate Governance e Internal Auditing) 1/S we/oe 8 E2-CIL14-M CORPORATE INSOLVENCY LAW 2/F we/oe 8 (Diritto delle crisi di impresa) E1-DSS15-M DISTRIBUTION AND SALES SYSTEMS 1/S we/oe 8 (Sistemi di Distribuzione e Vendite) 138

139 Year/Sem Assessment E2-EAP16-M ECONOMICS AND ADVERTISING PRACTICE 2/F we/oe 8 (Gestione dell innovazione e dei progetti) E1-ECI17-M ECONOMICS AND CREDIT INSTITUTIONS 1/S we/oe 8 (Economia delle aziende di credito) E1-EIEM(Adv)18-M ECONOMICS AND INTERNATIONAL ENTERPRISES MANAGEMENT- ADVANCED (Economia e gestione delle imprese interazionali- corso progredito) 1/F we/oe 8 E2-EAVC19-M ENTREPENEURSHIP AND VENTURE CAPITAL 2/F we/oe 8 (Finanza Imprenditoriale - Entrepreneurship and Venture Capital) E2-FM(Adv)20-M FINANCIAL MATHEMATICS - ADVANCED 2/F we/oe 8 (Matematica Finanziaria corso progredito) E1-GMO21-M GLOBAL MACROECONOMIC OUTLOOK 1/F we/oe 8 (Prospettive Macroeconomiche Globali) E1-IL22-M INDUSTRIAL LAW 1/S oe 8 (Diritto Industriale) E1-IM(Adv)23-M INTERNATIONAL MARKETING - ADVANCED 1/S oe 8 (Marketing Internazionale corso progredito) E1-MC24-M MANAGEMENT CONTROLS 1/S we/oe 8 (Controllo di Gestione) E1-MarPol25-M MARKETING POLICIES 1/S oe 8 (Politiche di Marketing) E1-QM26-M QUANTITATIVE METHODS 1/S we/oe 8 (Metodi Quantitativi) 139

140 Year/Sem Assessment E2-SD(Adv)27-M SECURITIES AND DERIVATIVES (ADVANCED) 2/F we/oe 8 (Economia del Mercato Mobiliare corso progredito) E1-SMR28-M STATISTICS AND MARKET RESEARCH 1/S we/oe 8 (Statistica e Ricerche di Mercato) E1-TL29-M TAX LAW 1/S we/oe 8 (Diritto Tributario) 140

141 Economics and Finance Year/Sem Assessment E1-AAM1-M ASSET ALLOCATION AND MANAGEMENT 1/S we/oe 8 (Scelte di portafoglio e gestione del risparmio) E2-AAM2-M ASSET ALLOCATION AND MANAGEMENT 2/f we/oe 8 (Scelte di portafoglio e gestione del risparmio) E2-AM3-M ASSET MANAGEMENT 2/F we/oe 8 E2-CBL4-M COMPANY AND BUSINESS LAW 2/F we/oe 8 E1-EtrI5-M ECONOMETRICS I 1/F we/oe 8 E1-EtrII6-M ECONOMETRICS II 1/S we/oe 8 E2-EMFI7-M ECONOMICS AND MANAGEMENT OF FINANCIAL INTERMEDIARIES (Economia e gestione degli intermediari finanziari) E1-EUI8-M ECONOMICS OF UNCERTAINTY AND INFORMATION (Economia dell Incertezza e dell Informazione) E1-FCD(Adv)9-M FINANCIAL AND CREDIT DERIVATIVES (ADVANCED) (Derivati Finanziari e Creditizi Gestione del Rischio) 2/F we/oe 8 1/F we/oe 8 1/S we/oe 8 E1-FML10-M FINANCIAL MARKETS LAW 1/F we/oe 8 (Diritto dei Mercati Finanziari) E1-FM(Adv)11-M FINANCIAL MATHEMATICS - ADVANCED 1/S we/oe 8 (Matematica Finanziaria corso progredito) 141

142 Year/Sem Assessment E1-IASI12-M INTERNATIONAL ACCOUNTING STANDARDS AND IFRS (Principi Contabili Internazionali e IFRS) 1/F we/oe 8 E2-M&AIB13-M M&A AND INVESTMENT BANKING 2/F we/oe 8 E1-Mac14-M MACROECONOMICS 1/S we/oe 8 E1-MMEF15-M MATHEMATICAL METHODS FOR ECONOMICS AND FINANCE (Metodi Matematici per Economia e Finanza) 1/S we/oe 8 E1-Mat16-M MATHEMATICS 1/F we/oe 8 E1-MicI17-M MICROECONOMICS I 1/F we/oe 8 E1-MicII18-M MICROECONOMICS II 1/S we/oe 8 E1-MTP19-M MONETARY THEORY AND POLICY 1/S we/oe 8 (Teoria e Politica Monetaria) E2-RM20-M RISK MANAGEMENT 2/F we/oe 8 (Risk Management) E1-SD(Adv)21-M SECURITIES AND DERIVATIVES (ADVANCED) 1/F we/oe 8 (Economia del Mercato Mobiliare corso progredito) E2-SPFA22-M STOCHASTIC PROCESSES AND FINANCIAL APPLICATIONS (Processi Stocastici e Applicazioni alla Finanza) 2/F we/oe 8 142

143 General Management Year/Sem Assessment E1-ACF1-GM 1/S we/oe 8 ADVANCED CORPORATE FINANCE E2-AM2-GM 2/F we 8 ASSET MANAGEMENT E2-BO3-GM 2/F we/oe 8 BUSINESS ORGANIZATION E1-BOHR4-GM 1/F - 8 BUSINESS ORGANIZATION AND HUMAN RESOURCES E1-CBL5-GM 1/F we 8 COMPANY AND BUSINESS LAW E1-CorStr6-GM 1/S we/oe 8 CORPORATE STRATEGIES E1-DAQM7-GM 1/F we 6 DATA ANALYSIS AND QUANTITATIVE METHODS E2-FM8-GM 2/F we/oe 8 FASHION MANAGEMENT E1-GEC9-GM 1/S we 12 GLOBAL ECONOMIC CHALLENGES E2-IB10-GM 2/F we/oe 8 INTERNATIONAL BUSINESS E2-IF11-GM 2/F we/oe 8 INTERNATIONAL FINANCE E2-IM12-GM 2/F - 8 INTERNATIONAL MARKETING E2-IT13-GM 2/F we/oe 8 INTERNATIONAL TRADE E2-LM14-GM 2/F we 8 LUXURY MANAGEMENT E2-M&AIB15-GM 2/F we 8 M&A AND INVESTMENT BANKING 143

144 Year/Sem Assessment E1-MM16-GM 1/S - 8 MARKETING MANAGEMENT E1-PMFR17-GM 1/F we/oe 8 PERFORMANCE MEASUREMENT AND FINANCIAL REPORTING 144

145 INTER-FACULTY MASTER S DEGREE COURSE Law and Economics 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 mandatory. : from 4 to 8 depending on the course. Total credits for each degree course:

146 Law and Economics FIRST YEAR Law and Economics Fall semester BUSINESS ECONOMICS (ADVANCED) 8 Economia dell Impresa (corso progredito) ECONOMIC STATISTICS AND BASIC ECONOMETRICS 8 Statistica Economica ed Econometria di Base COMPANY LAW 8 Diritto Societario BEHAVIORAL ECONOMICS 8 Economia Comportamentale Spring semester ECONOMIC ANALYSIS OF LAW 8 Analisi Economica del Diritto COMPARATIVE PRIVATE LAW 8 Diritto Privato Comparato INDUSTRIAL LAW 8 Diritto Industriale CORPORATE GOVERNANCE AND INTERNAL AUDITING 8 Corporate Governance ed Internal Auditing Learning Activities OTHER ACTIVITIES (BUSINESS ENGLISH, INTERNSHIP or SEMINARS) Altre attività (Business English, tirocinio o seminari) 4 ELECTIVE COURSE 8 Esame a Scelta PROJECT WORK 20 Project Work 146

147 SECOND YEAR Law and Economics Fall semester ECONOMICS AND MANAGEMENT OF INNOVATION AND NETWORKS Economia e Gestione dell Innovazione e delle Reti 8 BUSINESS STRATEGY 8 Strategie d Impresa COMPETITION LAW AND ECONOMICS 10 Diritto ed Economia della Concorrenza Learning Activities OTHER ACTIVITIES (BUSINESS ENGLISH, INTERNSHIP or SEMINARS) Altre attività (Business English, tirocinio o seminari) 4 ELECTIVE COURSE 8 Esame a Scelta PROJECT WORK 20 Project Work To avoid large classes in the I, II and III year there are two or three 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. Written tests may on occasion be given during the course. 147

148 SUMMARY TABLE OF INTER-FACULTY DEGREE COURSES Please note that specialist 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 courses is compulsory. : 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 Law and Economics Year/Sem Assessment LE1-BE1-M BEHAVIORAL ECONOMICS 1/F oe/we 8 (Economia Comportamentale) LE1-BE(Adv)2-M BUSINESS ECONOMICS - ADVANCED 1/F oe 8 (Economia dell impresa corso progredito) from Economics and Business Management LE2-BS3-M BUSINESS STRATEGY 2/F oe/we 8 (Strategie d Impresa) LE1-CL4-M COMPANY LAW 1/F oe 8 (Diritto Societario) from Economics and Business Management LE1-CPL5-M COMPARATIVE PRIVATE LAW 1/S oe 8 (Diritto privato comparato) LE2-CLE6-M COMPETITION LAW AND ECONOMICS 2/F oe 10 (Diritto ed Economia della Concorrenza) 148

149 Year/Sem Assessment LE1-CGIA7-M CORPORATE GOVERNANCE AND INTERNAL AUDITING (Corporate governance ed internal auditing) 1/S oe 8 LE1-EAL8-M ECONOMIC ANALYSIS OF LAW 1/S - 8 (Analisi economica del diritto) LE1-ESBE9-M ECONOMIC STATISTICS AND BASIC ECONOMETRICS (Statistica economica ed econometria di base) LE2-EMIN10-M ECONOMICS AND MANAGEMENT OF INNOVATION AND NETWORKS (Economia e gestione dell innovazione e delle reti) 1/F oe 8 2/F oe 8 LE1-IL11-M INDUSTRIAL LAW 1/S oe 6 (Diritto industriale) from Economics and Business Management 149

150 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. 150

151 USEFUL INFORMATION FOR GUEST STUDENTS COST OF LIVING MONEY 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!). 151

152 MEALS At the university cafeteria: 2,30 Take-away pizza shops, snack bars: from 5 to 10 Pizzerie (pizza restaurants), Birrerie (beer houses), fast food, Tavole Calde (Self Service): from 12 up Trattorie, Ristoranti (restaurants): from about 20 up. PUBLIC TRANSPORTATION Rome has an integrated public transport network operated by the companies Atac Cotral 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 75 minutes, is 1. The price of a monthly ticket, Intera Rete, valid for all busses and the underground, is about 30. 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. 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 12:30 a.m. on Saturdays). Metro line B runs from Rebibbia station, situated Northeast of the City, to Laurentina Station in the South. Trains circulate from 5.30 a.m. to p.m. (until 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 75 minutes. The price of a single ticket is 1. 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. 152

153 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: [email protected]. - Biblioteca Universitaria Alessandrina, Piazzale Aldo Moro 5, 00185, tel , e- mail: [email protected]. 153

154 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 , [email protected], open from Monday to Friday from 10 a.m. to 1 p.m., and Monday and Wednesday from 2.30 to 4.30 p.m. 154

155 MISCELLANEOUS Italian time in relation to Greenwich mean time: + 1 hour from October to March, + 2 from April to September. CLIMATE AND CLOTHING Italy extends 1,200 km from North to South, so the climate varies considerably, with winter temperatures of -5 C and below (23 F) in the North, and summer temperatures of 40 C (105 F) in the South. Rome, located at the centre of the peninsula, has a mild climate, with temperatures rarely reaching the extremes indicated above. Consequently, light or mediumweight clothing is recommended. It is advisable, however, to come provided with a raincoat, and an overcoat or heavy jacket for the winter which can indeed have peaks of cold. PHONE SERVICES The Italian phone network is run by Telecom Italia and various companies (Infostrada, Tele 2, Fastweb). Public phones are run by Telecom, they take coins or Telecom phone cards available at Tabacchis. For mobile phones, if you have a cell phone you can buy a sim card for about 15 with several companies (TIM; WIND; VODAFONE) and choose your calling plan for the period of your stay. Local calls cost around 20c. per minute. POST OFFICE Post Offices (Poste Italiane, ) 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 , [email protected] and it is open from Monday to Friday from 9 a.m. to 1 p.m. and from 1.30 p.m. to 4.30 p.m. If you have an ISIC (International Student Identification Card) you can also find information or book cheap travel plans at other CTS agencies located in various parts of the city. For info: 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 155

156 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: [email protected]. INFORMATION ABOUT ROME Besides the EPT brochures (see above) good sources of information about streets, monuments, museums, places of entertainment, commercial activities, shopping are Tuttocittà and Pagine Gialle. Both are issued along with telephone directories, so you might find one in your apartment. It is advisable to buy a good map of the city. Another good source of information about what is going on in Rome is Trovaroma, a weekly publication which is given out with the Thursday edition of the newspaper La Repubblica. Many other newspapers offer similar publications (Corriere della Sera, Roma C è). EMBASSIES AND CONSULATES Most Embassies are located in Rome. There are Consulates in the smaller cities. Check your Ministry of Foreign Affairs for their diplomatic missions in Italy. ELECTRICITY Electric current in Italy is 220 volts. If students come from the U.K. they will need an adaptor. EMERGENCY NUMBERS In case of emergency call 112 (Carabinieri), 113 (Police), 115 (Fire Brigade), 116 (ACI Road Assistance), 118 (Ambulance). These calls are free. Other emergency numbers can be found in the opening pages of Pagine Gialle. NATIONAL HOLIDAYS HOLIDAYS IN ROME January 1 st New Year s Day June 29 St. Peter and Paul January 6 Epiphany April 24 Easter Sunday (2011) April 25 Easter Monday (2011) April 25 Liberation Day May 1 st Labour Day June 2 Republic Day August 15 Assumption Day November 1 st All Saints December 8 Immaculate Conception December 25 Christmas Day December 26 Boxing Day 156

157 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:

158 HOW DO I APPLY FOR A PERIOD OF STUDY AT LUISS? 1) WHO CAN APPLY: First of all, you should be aware of the fact that the Student Exchange Office of LUISS Guido Carli will accept exchange students only under the LLP Erasmus Programme or any other exchange agreement. Other students can only apply for corsi singoli and have to pay a fee for each course. At the end of the period of study they will receive a transcript of records for the exams taken. For corsi singoli registration is made through Segreteria Studenti (Student Office) of LUISS. 2) STEPS YOU SHOULD TAKE AND THINGS YOU SHOULD KNOW: Contact the International Coordinator at your Home University. Each sending Institution is responsible for the selection of students. Ask them for all the information, documents, brochures, application forms related to LUISS. We manage all relevant information through partner Institutions and do not usually send additional packages to the students selected for the exchange. Read the instructions carefully before you apply. Be aware of our deadlines Search our web site from time to time: pages are updated when new information is available. Check the web pages of LUISS Professors (under Cattedre online) for detailed information about courses. Remember, the language of education is Italian. Your level should be adequate. LUISS Guido Carli offers an intensive Italian language course, held in September, and courses during both semesters (3 hours per week). The courses are at three levels, beginners, intermediate and advanced. At the end of the courses, the students who have complied with the requirements, will receive a certificate (with grades and ECTS credits) for the work done. The courses are free of charge for our exchange students admitted under the LLP Erasmus programme or any other bilateral agreement. If you feel your level is not sufficient, take a summer course before coming to LUISS for the intensive Italian language course held in September. Each year LUISS offers some courses in English. The final list will be available at the beginning of classes. 158

159 3) TIMING By February of every academic year, we send all our partners updated materials, application procedures and documents for exchange students. The deadline is May 31 every year for receiving the LUISS application form. All other deadlines change slightly from year to year. Exchange students will receive an acceptance letter and practical information in June. THE STUDENT EXCHANGE OFFICE Dr. Mrs. Dr. Dr. Annamaria A. Ricciardi Anna Liguori Paola Garcia Raffaella De Felice Viale Romania, Rome - Italy Tel /642 Fax [email protected] 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. 159

160 ACADEMIC CALENDARS The Academic Calendars for the year are not available yet at time of publication. They will be put on our websites and sent to partner institutions as soon as possible. EXCHANGE DEADLINES-ACADEMIC YEAR May 31, 2011 (reception of LUISS application form) By this date, LUISS must receive the students' application forms (electronic and paper version signed by the student and the coordinator) requesting: registration for fall and/or spring semester (same deadline for the spring semester) registration for the intensive Italian course (if applicable) May 31, 2011 (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, 2011 (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, 2011 (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. 160

161 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: ECTS grades LUISS Guido Carli Grades Average % of successful students normally achieving the grade A 30 e lode % / 10 % B % C 28 / % D 26 / % E 23 / % F < 18 / 161

162 FAQ FREQUENTLY ASKED QUESTIONS Admission / Enrolment I am an international student and would like to study at LUISS Guido Carli, what should I do? If your University has a Bilateral Agreement with LUISS or agreement under the LLP Erasmus Programme, you can apply through the Student Exchange Office of your Institution. The first thing to do is to contact the co-ordinator in your home Institution. If your University does not have an agreement with LUISS: you can enrol for single courses (corsi singoli). In this case you would have to pay a fee of 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 Business 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, faculty, 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? 162

163 Each year, LUISS offers intensive Italian language courses in September and extensive courses in both semesters. These courses are at beginners, intermediate and advanced level. The courses are only open to students coming from partner Universities and they are free of charge. If students do not have a sufficient level of Italian, they are highly recommended to take a summer course before coming to LUISS. Do I have to take a test? Will I receive a certificate at the end of the course? Students wishing to attend the intensive Italian language course held in September will have to take a written test before arrival (the deadline for reception of the test is July 1, 2011). 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: 7 September 2010 Classes begin: 9 September 2010 Classes end: 24 September 2010 Bachelor and Master Degrees - Faculty of Law : Fall semester: Mandatory arrival date: 16 September 2010 Classes begin: 20 September 2010(II and III year classes at Bachelor level and II year classes at Master level of the Faculty of Economics) - 27 September 2010 Classes end: 18 December

164 Spring semester: Mandatory arrival date: 24 February 2011 Classes begin: 28 February 2011 Classes end: 28 May 2011 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 30. 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 164

165 curricular activities organised for students such as: film shows, conferences, cultural events, concerts, parties, tours, and much more. Course Enrolment and Classes Bachelor Degrees Which courses can I take? You will be given access to all the courses in the three Faculties 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, faculty, 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 three Faculties (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 Faculty 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 Faculty of Economics offers many optional courses. 165

166 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 - Faculty of Law: examination periods a. y Fall semester: from 10 January to 26 February Spring semester: from 30 May to 18 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. 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. 166

167 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: from Monday to Friday, from a.m. to p.m. Afternoon: 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. 167

168 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: - Faculty 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 168

169 Viale Romania,32 (Main Campus): - THE SYUDENT EXCHANGE OFFICE - Presidency, Rectorate, Students Office - Faculties of Economics and 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, Line 90 Express to Viale Pola, Via di S. Costanza, Via Parenzo, Viale Gorizia. Buses from Termini Station: Line 217, Line 360, Line 910 (stop in Viale Parioli) to Viale Romania. 169