Economics - LUISS Guido Carli
Transcription
Economics - LUISS Guido Carli
ECTS Economics Academic Year 2008/2009 LLP ERASMUS Edited by: The International Relations Office Viale Romania, 32 00197 Rome - Italy Rome, November 2008 2 ▌TABLE OF CONTENTS Page Introduction – What is ECTS? 4 Education in Italy 7 LUISS Guido Carli 10 The Faculty of Economics 20 Bachelor Courses - General Course Structure 25 - Description of Bachelor Degree courses 43 - Summary Table of Courses 83 - Prerequisites for Economics courses 88 Master’s Courses 90 - General Course Structure - Description of Master’s Degrees courses – General Management 109 - Summary Table of Courses 120 Inter-Faculty Master’s Degree Course 127 The School of Management 132 Useful information for Guest students 133 How do I apply for a period of study at LUISS? 140 2009-2010 Academic calendar 142 Exchange deadlines – Academic Year 2009-2010 142 LUISS Guido Carli and ECTS - Grading System 143 FAQ – Frequently Asked Questions 144 Luiss Guido Carli – Area Map 150 All information contained in the package, while true at the time of publication, is subject to modification and should therefore be checked appropriately. 3 ▌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 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 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 ▌EDUCATION IN ITALY Until 1989 (Law 168/1989) the entire Italian educational system was under the Ministry of Education. At that time the Ministry of Universities and Scientific Research was created to take over the responsibilities of university education and scientific and technological research. The two entities are currently encompassed under the organisational designation Ministero dell’Istruzione, dell’Università e della Ricerca - MIUR (Ministry of Education, University and Research). Information for foreign students can be found at www.study-in-italy.it ). PRIMARY AND SECONDARY EDUCATION Cycles Following the 2003 Reform of primary and secondary education, the Italian school system has been reorganised as follows: 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. • First cycle The higher secondary schools are of various types: classical, scientific, linguistic, artistic, technical and vocational studies as well as teacher training. At the end of the 5-year course, students take the examination to obtain the Diploma di Maturità in the specialised area they have chosen. This diploma grants admission to an Italian university. Grading System Until 1968, secondary school grading was on a scale of 0-10, 6 being the minimum passing grade. From 1969 to 1999, final marks were on a scale of 0-60, 36 being the minimum passing grade. Since 2000 a different system has been implemented: final marks are on a scale of 0-100 and the minimum passing grade is 60. UNIVERSITY EDUCATION Admission Admission to Italian universities grants only to holders of a Diploma di maturità from an Italian secondary school. Foreign students, or Italian students from secondary schools abroad, are admitted on the strength of equivalent qualifications. There are no limitations on admission except in Medical School (medicine, dentistry, veterinary), in private independent universities (like LUISS Guido Carli or Bocconi in Milan), and in newly established universities/degree courses. Grading System In the university grading system, individual courses grade on a scale of 18-30. The maximum final grade is 110, after the dissertation of a thesis on a free topic. For very brilliant students the degree may be awarded cum laude. < 18 = fail 18/23 = sufficient 24/26 = satisfactory 27/28 = good 7 29/30 = Very good 30 e lode = Excellent Academic Qualifications and Degrees 1. University Diploma This is a first-level university qualification for courses lasting 3 years. For admission to these courses, students must have a Diploma di Maturità. 2. Laurea (Degree) The system of university study in Italy has undergone an overall reform in terms of structure and teaching system. Up to 2001, to obtain a Laurea, the basic university degree, used to take 4 to 6 years, depending on the field of study. From the academic year 2001/2002, universities have adopted three study cycles. The first cycle, three years in length, is characterised by a professional training type content and concludes with the award of a first-level degree (Laurea Triennale – Bachelor Degree); the second cycle, lasting two years, concludes with the award of a second-level Master’s degree (Laurea Magistralis – Master’s Degree); while the third cycle, lasting from one to three years, leads to the award of either a doctorate or a specialised postgraduate degree. Teaching activity is organized in 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 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 ▌LUISS GUIDO CARLI 1. NAME OF INSTITUTION LUISS - Libera Università Internazionale degli Studi Sociali Guido Carli, Rome, Italy. President Avv. Luca Cordero di Montezemolo Rector Prof. Massimo Egidi General Manager Dr. Pier Luigi Celli Head, International Relations Office for Student Mobility Dr. Annamaria A. Ricciardi International Relations Office Viale Romania, 32 00197 Rome – Italy Tel. +39/06/85225722 - 727 Fax. +39/06/85225505 E-mail: [email protected] Website: www.luiss.edu 2.GENERAL DESCRIPTION Type LUISS Guido Carli is an independent university. It was established according to Article 1 of Italy’s Higher Education Act, which gives independent universities full legal status while guaranteeing their autonomy in the areas of administration, teaching and discipline. Its degrees and diplomas have complete legal and academic recognition. LUISS Guido Carli was set up in 1976-78 by a consortium of private and public companies, that re-organized a pre-existing Institution, “Pro Deo”. Its goal is to form students to assume the responsibilities of managing complex economic systems in both the State and private sectors. 10 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. 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. 2008/2009, is € 6,900 for Political Science and Economics and € 7,200 for Law. The annual tuition fee for the English-language Bachelor’s Degree course in Economics and Business (not opened to exchange students) is € 8,000. The annual tuition fee for Master’s Degrees is € 7,800. The newly introduced Master’s Course in General Management (restricted access to exchange students) 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 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. Please refer to the following information: a) The main campus of the new location (Viale Romania 32, 00197 Rome, tel.: +39-06-852251) now comprises: I. The International Relations Office: Viale Romania 32, 00197 Rome, tel.: +39-0685225727/722. 11 II. The Faculty of Economics (lecture rooms Bachelor and Master’s): Office and Presidency, Viale Romania 32, 00197 Rome, tel.: +39-06-85225310. III. The Faculty of Political Science (lecture rooms Bachelor and Master’s): Office and Presidency, Viale Romania 32, 00197 Rome, tel.: +39-06-85225290. IV. The Student Office – Segreteria Studenti: Viale Romania 32, 00197 Rome, tel.: +39-0685225263/06-85225270, fax: 06-85225920, e-mail: [email protected]. The Student Office deals with enrolment and supplies students with all the necessary information. Opening hours are from 10 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, 00187 Rome, tel.: +39-06-85225354/5389, e-mail: [email protected] VI. The Computer Centre (Viale Romania, 32 00197 Rome, tel.: +39-06-85225301; fax: +3906-8650619; e-mail: [email protected]) 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) is in Via Parenzo 11, 00198 Rome. The Student Office is located on the Ground Floor of the building, tel.: 06-85225895, fax: 0685225852. 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. c) The Library (Via di Santa Costanza 53, 00198 Rome, tel.: +39-06-85225600; fax: +39-0685225625; e-mail: [email protected]) is specialised in social sciences and has a total of approximately 100,000 books and 2,100 newspapers and magazines of which 1,550 are covered by subscription. In 1999 the library was donated the “Ungari Fund” collection consisting of around 10,000 books on law and human rights in particular. There is a computerised system which stores data concerning monographs, allows for on-line research and monitors the volumes lent out. Facilities available to students include a consultation room and a reading room, equipped with terminals and copy machines. Students may borrow books (loan term: 30 days). Opening hours are from 8 a.m. to 8 p.m. from Monday to Friday and 8 a.m. to 2 p.m. on Saturday. d) Student facilities are organised by the University Union - Diritto allo Studio: Viale Gorizia 17, 00198 Rome, tel.: +39-06-85225410; fax.: +39-06-85225404; e-mail: [email protected]. Detailed information can be obtained from the Union Office, open Monday to Friday from 10 12 a.m. to 12 a.m., and Tuesdays and Thursdays from 3 p.m. to 4 p.m. The University Union is responsible, among other things, for medical facilities (see below). Size Current enrolment is about 6,629 for all three faculties. The teaching staff numbers about 1,152. 3. ACADEMIC CALENDAR 2008-2009 ◊ Bachelor Degree academic year Fall semester Spring semester September 29 – December 20, 2008 March 9 – May 30, 2009 The same academic year applies to the Single Cycle Degree in Law. There are three examination periods: from January 7 to March 7; from June 3 to July 25; 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. ◊ The Master’s Degree courses started at LUISS in January 2005. For the year 2008-09 they are organised as follows: First year Winter semester: January 12 - April 4 , 2009 Fall semester: September 29 -December 20, 2008 Second year Spring semester: March 9 – May 30, 2009 The examination periods are from April 13 to May 16 2009 for the winter semester; from January 7 to March 7 2008 for the fall semester; from June 3 to July 25 for the spring semester. Dates may vary so we highly suggest you check our website for updates. 4. REGISTRATION EU and non EU students EU and non-EU students will find specific and detailed information on the steps of the admission at LUISS as a foreign student on: www.luiss.edu/admissions. Nevertheless, general information on admission requirements is reported below. General requirements Please Note: Not applicable to Exchange students The number of students admitted to the first year is limited to allow best teaching conditions. 13 A ) BACHELOR DEGREE In the year 2009/2010 total enrolment will be 1300 students: Economics Law Political Science 600 500 200 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: www.luiss.it/provadiammissione ; 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. In the 2009/2010 academic year the examination is going to be held on April 6, 2009. A student who passes the April examination and then wishes to enrol must: 1) Pay before and not over July 1, 2009 for the year 2009/2010, the first tuition fee instalment and the regional student welfare levy (tassa regionale per il diritto allo studio) of € 118.08 using the form that will be online. 2) Submit, by July 1, 2009 for the year 2009/2010, the following documentation to the Student Office : • self certification or authenticated school-leaving certificate or original diploma if available; • duly completed enrolment application, using the form handled on the test date; • the indication of the chosen second language, using the form; • bank receipt evidencing payment of the first tuition fee instalment and the regional student welfare levy; • two identical passport-size photographs; • photocopy of the student's ID; • form for information on protection of privacy, handled on the test date or downloadable online. B) MASTER’S DEGREE In a.y. 2009/2010 the total number of places available for the Master’s two-year degree courses will be about 850: Economics about 600 Political Science about 250 LUISS graduates who have obtained at least 95/110 or better in their bachelor’s degree will be given priority in admission without the need to sit an examination for such purposes. LUISS graduates who have obtained a grade of lower than 95/110 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. 14 The entrance examination consists in a written test which will be possible to take in either of the two following sessions: • • May 15, 2009 September 8, 2009 To attend the examination a € 120 fee must be paid to the Student Office. Those who passed the entrance examination must pay the first instalment of the tuition fee plus the regional tax of € 118.08 by September 15, 2008. The application for registration must be filled out on-line and delivered personally or sent by post to the Student Office (Segreteria Studenti) by: • • July 1, 2009 September 14, 2009 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 original or authenticated copy of the diploma or other school-leaving certificate qualifying for university admission, together with translation, authorisation and a statement of its academic value; 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 International Relations Office (Viale Romania,32 00197 Rome) deals with orientation and registration of students on exchange programmes (LLP Erasmus and Bilateral Agreements). Every year, by February, LUISS sends an info-package to every partner Institution by e-mail. It contains information for exchange students and application forms for: 15 - 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 first and/or second 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. Prospective exchange students are strongly urged to choose courses in the second and third year, since they are particularly relevant to specialisations. Please note: exchange students will attend Fall or Spring classes. Winter classes are not opened to exchange students. 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. As soon as they arrive, students must report to the International Relations Office at 10.30 or at 2.30 p.m. (Viale Romania, 32 - 00197 Rome - tel.: +39-06-85225-722 - fax: +39-0686506505 - E-mail: [email protected] ). They are highly recommended to arrive on the fixed dates. 5. COURSES, EXAMS, TRANSCRIPTS OF RECORDS The language of instruction is Italian, although parts of the coursework may be in a different language (mainly, English). Every year, LUISS offers a few 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 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. 16 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 25 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 Science, or Law. The courses are at two levels, intermediate and advanced; they are free of charge. Students who would like to attend the course must specify so on their application form. Please note that no provision is made for beginners. The courses comprise at least: 80 45-minute lessons for the intermediate level; 60 45-minute lessons for the advanced level. 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. 17 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. 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 e-mail: [email protected] 7. ACCOMMODATION Since LUISS does not have student dormitory facilities offered to Exchange Students, the International Relations 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 International Relations 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.). On arrival, all guest students are given a Medital Form which entitles them to free emergency medical services (Medital Assistance - tel. 800-491-491). 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 11.00 a.m. to 12.00 a.m. at Viale Gorizia 17 (tel.: +39-06-85225416; [email protected]). The University Union has also started up a preventive medicine service in collaboration with appropriately equipped hospital centres. Every student is entitled to general check-ups, and, if necessary, special tests. 18 Exchange students are required to avail themselves of an insurance policy to cover risks or accidents during the period of study in Italy. 9. RESIDENCE PERMITS FOR NON-EU STUDENTS RESIDENCE PERMIT FOR NON-EU STUDENTS Non-EU students who intend to spend some time in Italy must request a residence permit no later than 8 working days from their arrival in Italy. How to obtain the residence permit for study reasons: Use the yellow kit which you will find in all postal offices. Carefully fill in the forms, following all the instructions. Together with the filled application, students must also bring: • • • a valid passport; a photocopy of the passport (in A4 format); a photocopy of any other requested identity documents (in A4 format). The Immigration Office will contact you by priority mail for the photo-typing surveys and to set an appointment for you to receive the electronic residence permit. RESIDENCE CARD FOR EU STUDENTS Since April 11 2007, the rules for EU citizens and for their relatives to entry and reside in Italy have changed. The residence card is no longer necessary: if you 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). Then, you will be passed to the relevant office for your own area, that will inform you on the documents needed for the registration. 19 ▌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: • Economics and Management Economia e Management • Economics, Financial Markets and Intermediaries Economia, Mercati e Intermediari Finanziari • Business Administration Economia Aziendale • Economics and Business Law Economia e Legislazione per l’Impresa • Economics and Business – joint degree with Utrecht School of Economics/Utrecht University (USE) - NOT OPEN TO ERASMUS STUDENTS – Classe 28 Scienze Economiche – 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. Economics and Management Economics and Financial Markets Economia e Mercati Finanziari Business Administration, Finance and Auditing Amministrazione, Finanza e Controllo d’Impresa Business Administration Gestione Aziendale Marketing Marketing 20 2. Economics, Financial Markets and Intermediaries The first course provides a solid grounding in economics, business and quantitative analysis as well as good methodological training for the analysis, forecasting and modelisation of economic phenomena and for the evaluation of public policies. There are two areas of specialisation within the degree course of Economics, Markets and Financial Intermediaries: Economics Economia Politica Financial Markets and Intermediaries Mercati e Intermediari Finanziari 3. Business Administration The second course focuses on economics, finance quantitative analysis and law while offering a good methodological training for the formulation and implementation of financial decisions and for the analysis and interpretation of corporate dynamics. There are four areas of specialisation within the degree course of Business Administration: 1. Administration, Control and Finance Amministrazione, Controllo e Finanza 2. International Management Management Internazionale 3. Marketing Marketing 4. Economics and Business Law The third course gives an advanced preparation in business with an in-depth study of accountancy, taxation and legal-commercial matters. 5. Economics and Business – joint degree with Utrecht School of Economics/Utrecht University (USE) - NOT OPEN TO ERASMUS STUDENTS – 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 Degree Course in Economics and Business for a selected group of 25 students. Part of the programme will take place in Utrecht (The Netherlands) and part of it in Rome (Italy). Most of the courses in economics will be hold in Utrecht while the business courses are offered in Rome. The course will result in an Economics and Business Bachelor Degree. 21 Programme Year Semester 1 2 3 Where Courses 1 HOME UNIVERSITY Economic courses: including an introduction to quantitative methods, business economics and microeconomics, courses such as institutional economics and economic electives 2 USE 1 2 USE LUISS Business courses 1 2 LUISS HOME UNIVERSITY Economic electives and the research elective (conclusive Bachelor’s course) Admission and Costs Admission requirements English proficiency is mandatory and should be proven by a certificate of one of the following test (except for English native speaker and persons who hold already a degree in English): • • • IELTS (International English Language Testing System) TOEFL (Test of English as a Foreign Language) Cambridge University Advanced or Proficiency Certificate Applicants are selected on the basis of an admission test and the assessment of the CV. 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 € (154 $). • • Registration fee: 110 € (approx. 147 $) Tuition: 8.000 € per year (approx. 10.684 $) 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. 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. For further information please check our web site: http://www.luiss.it/economia/didattica/ordinamenti/0809/Ordinamento-LT-EB-2008-2009.pdf 22 MASTER’S DEGREE – TWO YEAR COURSES Corsi di Laurea Magistrale • Economics and Finance Economia e Finanza • Economics and Business Management Economia e Direzione delle Imprese • General Management - RESTRICTED ACCESS TO EXCHANGE STUDENTS – Each degree course consists of 120 credits. Didactic activity is organized in semesters. 1. Economics and Finance The first 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 Insurance and Pension Funds Assicurazioni e Fondi Pensione Quantitative Finance and Markets Finanza dei Mercati e Quantitativa 2. Economics and Business Management The second course provides managerial skills aimed for solving complex problems associated to business management of resources. There are several areas of specialisation within the degree course of Economics and Business Management: Management Management Marketing Marketing Business Finance Finanza d’Impresa Professional Professionale 23 Business Management Management d’Impresa Marketing Management Marketing Management Business Finance Finanza d’Impresa Economics and Management of International Enterprises and Organisations Economia e Gestione delle Imprese e delle Organizzazioni Internazionali 3. General Management NOT OPEN TO ERASMUS STUDENTS 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 two areas of specialisation: International Business Management of Innovation Business Management for Luxury and Tourism INTER FACULTY MASTER’S DEGREE – TWO YEAR COURSES In addition to the master’s degree courses offered by the Faculty of Economics, there is also another inter-faculty two-year master’s degree course open to graduates in different areas: • Law and Economics Diritto ed Economia 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. 24 BACHELOR DEGREE COURSES ▌GENERAL COURSE STRUCTURE Economics and Management • Economics and Financial Markets • Business Administration, Finance and Auditing • Business Administration • Marketing Economics, Financial Markets and Intermediaries • Economics • Financial Markets and Intermediaries Business Administration • Administration, Control and Finance • International Management • Marketing Business Law and Management Economics and Business (in partnership with Utrecht School of Economics) • Business Economics • Economics and Finance Credits: from 2 to 8 depending on the course. Total credits for each degree course: 180 25 Economics and Management FIRST YEAR (THE FIRST YEAR IS THE SAME AND COMMON TO ALL BACHELOR DEGREES) Economics and Management Fall semester Credits BUSINESS ADMINISTRATION Economia aziendale 8 ITALIAN PUBLIC LAW Diritto pubblico 6 MATHEMATICS 1 Matematica (modulo A) 6 MICROECONOMICS Microeconomia 8 Spring semester Credits ITALIAN CIVIL LAW Diritto privato 8 MACROECONOMICS Macroeconomia 8 MATHEMATICS 2 Matematica (modulo B) 6 ACCOUNTING Ragioneria (contabilità e bilancio) 8 Learning Activities Credits ENGLISH LANGUAGE* Lingua Inglese 2 COMPUTER SCIENCE Informatica 6 (*) Not open to exchange students 26 Economics, Financial Markets and Intermediaries SECOND YEAR Economics Fall semester Credits BUSINESS ECONOMICS Economia dell’impresa 8 MACROECONOMICS Macroeconomia 8 FINANCIAL MATHEMATICS Matematica finanziaria 8 SOCIAL SCIENCE METHODOLOGY Metodologia delle scienze sociali 6 Spring semester Credits BUSINESS LAW Diritto commerciale 8 MONETARY ECONOMICS Economia monetaria 8 CORPORATE FINANCE Finanza aziendale 8 ECONOMETRICS Econometria 6 Learning Activities Credits ENGLISH LANGUAGE* Lingua Inglese 2 SECOND LANGUAGE* Seconda lingua 1 (*) Not open to exchange students 27 THIRD YEAR Economics Fall semester Credits INDUSTRIAL ECONOMICS Economia industriale 8 8 ECONOMIC POLICY Politica economica ECONOMIC HISTORY Storia economica 6 Spring semester Credits LABOUR ECONOMICS Economia del lavoro 8 PUBLIC FINANCE Scienza delle Finanze 6 ELECTIVE COURSES Insegnamenti a scelta 8 Learning Activities Credits ENGLISH LANGUAGE* Lingua Inglese 6 SECOND LANGUAGE* Seconda lingua 3 TRAINEESHIP Tirocinio o altre attività formative assimilate 3 FINAL EXAM (Graduation Thesis ) Elaborato finale 4 (*) Not open to exchange students 28 Economics, Financial Markets and Intermediaries SECOND YEAR Financial Markets and Intermediaries Fall semester Credits ECONOMICS AND FINANCIAL INTERMEDIARIES Economia degli intermediari finanziari 6 MACROECONOMICS Macroeconomia 8 FINANCIAL MATHEMATICS Matematica finanziaria 8 ECONOMIC HISTORY Storia economica 6 Spring semester Credits BUSINESS LAW Diritto commerciale 8 MONETARY ECONOMICS Economia monetaria 8 CORPORATE FINANCE Finanza aziendale 8 ECONOMETRICS Statistica Economica (Econometria) 6 Learning Activities Credits ENGLISH LANGUAGE* Lingua Inglese 2 SECOND LANGUAGE* Seconda lingua 1 (*) Not open to exchange students 29 THIRD YEAR Financial Markets and Intermediaries Fall semester Credits ECONOMIC POLICY Politica economica 8 SECURITIES MARKETS (FUTURES AND SWAPS) Economia del mercato mobiliare (futures and swaps) 4 Spring semester Credits LABOUR ECONOMICS Economia del lavoro 6 MONETARY AND FINANCIAL MARKETS Economia dei mercati monetari e finanziari 6 BANKING LAW Diritto bancario 8 ELECTIVE COURSES Insegnamenti a scelta 8 INTERNATIONAL ECONOMICS Economia Internazionale 6 Learning Activities Credits ENGLISH LANGUAGE* Lingua Inglese 6 SECOND LANGUAGE* Seconda lingua 3 TRAINEESHIP Tirocinio o altre attività formative assimilate 3 FINAL EXAM (Graduation Thesis) Elaborato finale 4 (*) Not open to exchange students 30 Business Administration SECOND YEAR Administration, Control and Finance Fall Semester Credits BUSINESS METHODS AND RATIOS Metodologie e determinazioni quantitative d’azienda 8 FINANCIAL MATHEMATICS Matematica finanziaria 8 MACROECONOMICS Macroeconomia 8 Spring semester Credits BUSINESS LAW Diritto commerciale 8 CORPORATE FINANCE Finanza aziendale 8 MONETARY ECONOMICS Economia monetaria 8 PUBLIC FINANCE Scienza delle finanze 8 Learning Activities Credits ENGLISH LANGUAGE* Lingua Inglese 2 SECOND LANGUAGE* Seconda lingua 1 (*) Not open to exchange students 31 THIRD YEAR Administration, Control and Finance Fall semester Credits BANKING Tecnica bancaria 8 INFORMATION SYSTEMS FOR BUSINESS Organizzazione dei sistemi informativi aziendali 8 Spring semester Credits COST ACCOUNTING AND ANALYSIS Analisi e contabilità dei costi 8 MANAGEMENT Economia e gestione delle imprese 8 TAX LAW Diritto tributario 8 ELECTIVE COURSES Insegnamenti a scelta 8 Learning activities Credits ENGLISH LANGUAGE* Lingua Inglese 6 SECOND LANGUAGE* Seconda lingua 3 TRAINEESHIP Tirocinio o altre attività formative assimilate 3 FINAL EXAM (Graduation Thesis) Elaborato finale 4 (*) Not open to exchange students 32 Business Administration SECOND YEAR International Management Fall semester Credits FINANCIAL MATHEMATICS Matematica finanziaria 8 MACROECONOMICS Macroeconomia 8 Spring semester Credits BUSINESS LAW Diritto commerciale 8 BUSINESS ORGANISATION Organizzazione aziendale 8 CORPORATE FINANCE Finanza aziendale 8 MONETARY ECONOMICS Economia monetaria 8 Learning activities Credits ENGLISH LANGUAGE* Lingua Inglese 2 SECOND LANGUAGE* Seconda lingua 1 (*) Not open to exchange students 33 THIRD YEAR International Management Fall semester Credits ECONOMIC POLICY Politica economica 8 MARKETING Marketing 8 INDUSTRIAL ECONOMICS Economia industriale 8 Spring semester Credits ECONOMICS AND MANAGEMENT OF INTERNATIONAL ENTERPRISES Economia e gestione delle imprese internazionali 8 INTERNATIONAL CORPORATE FINANCE Finanza aziendale internazionale 4 MANAGEMENT Economia e gestione delle imprese 8 HISTORY OF ENTERPRISE AND BUSINESS ORGANISATION Storia dell’impresa e dell’organizzazione aziendale 4 ELECTIVE COURSES Insegnamenti a scelta 8 Learning activities Credits ENGLISH LANGUAGE* Lingua Inglese 6 SECOND LANGUAGE* Seconda lingua 3 TRAINEESHIP Tirocinio o altre attività formative assimilate 3 FINAL EXAM (Graduation Thesis) Elaborato finale 4 (*) Not open to exchange students 34 Business Administration SECOND YEAR Marketing Fall semester Credits BUSINESS ECONOMICS Economia dell’impresa 8 FINANCIAL MATHEMATICS Matematica finanziaria 8 MACROECONOMICS Macroeconomia 8 Spring semester Credits BUSINESS LAW Diritto commerciale 8 BUSINESS ORGANISATION Organizzazione aziendale 8 CORPORATE FINANCE Finanza aziendale 8 Learning Activities Credits ENGLISH LANGUAGE* Lingua Inglese 2 SECOND LANGUAGE* Seconda lingua 1 (*) Not open to exchange students 35 THIRD YEAR Marketing Fall semester Credits ECONOMIC POLICY Politica economica 8 INDUSTRIAL ECONOMICS Economia industriale 8 INTERNATIONAL MARKETING Marketing internazionale 4 MARKETING Marketing 8 Spring semester Credits ECONOMICS AND MANAGEMENT OF BUSINESS INNOVATION Economia e gestione dell’innovazione aziendale 6 ECONOMICS AND MANAGEMENT OF PROVIDERS OF SERVICES (FOR PUBLIC UTILITY) Economia e gestione delle imprese di servizi (di pubblica utilità) 6 MANAGEMENT Economia e gestione delle imprese 8 ELECTIVE COURSES Insegnamenti a scelta 8 Learning activities Credits ENGLISH LANGUAGE* Lingua Inglese 6 SECOND LANGUAGE* Seconda lingua 3 TRAINEESHIP Tirocinio o altre attività formative assimilate 3 FINAL EXAM (Graduation Thesis) Elaborato finale 4 (*) Not open to exchange students 36 Business Law and Management SECOND YEAR Business Law and Management Fall semester Credits BUSINESS METHODS AND RATIOS Metodologie e determinazioni quantitative d’azienda 8 FINANCIAL MATHEMATICS Matematica finanziaria 8 MACROECONOMICS Macroeconomia 8 Spring semester Credits BUSINESS LAW Diritto commerciale 8 CORPORATE FINANCE Finanza aziendale 8 MANAGEMENT OF INDUSTRIAL AND COMMERCIAL FIRM Tecnica industriale e commerciale 6 PUBLIC FINANCE Scienza delle finanze 8 Learning Activities Credits ENGLISH LANGUAGE* Lingua Inglese 2 SECOND LANGUAGE* Seconda lingua 1 (*) Not open to exchange students 37 THIRD YEAR Business Law and Management Fall semester Credits BUSINESS CONSULTING TECHNIQUES Tecnica professionale 8 ECONOMIC POLICY Politica economica 8 Spring semester Credits BANKING LAW Diritto bancario 8 BANKRUPTCY LAW Diritto fallimentare (delle crisi d’impresa) 4 LABOUR LAW Diritto del lavoro 6 TAX LAW Diritto tributario 8 ELECTIVE COURSES Insegnamenti a scelta 8 Learning activities Credits ENGLISH LANGUAGE* Lingua Inglese 6 SECOND LANGUAGE* Seconda lingua 3 TRAINEESHIP Tirocinio o altre attività formative assimilate 3 FINAL EXAM (Graduation Thesis) Elaborato finale 4 (*) Not open to exchange students 38 Economics and Business FIRST YEAR Business Economics (IN PARTNERSHIP WITH UTRECHT SCHOOL OF ECONOMICS) Fall semester Credits INTRODUCTION TO BUSINESS ECONOMICS 8 PRINCIPLES OF CIVIL LAW 6 MICROECONOMICS 8 QUANTITATIVE METHODS 8 Spring semester Credits MACROECONOMICS 8 STATISTICS 8 SOCIOLOGICAL AND PSYCHOLOGICAL ASPECTS OF ORGANIZATIONS 8 39 Economics and Business FIRST YEAR Economics and Finance (IN PARTNERSHIP WITH UTRECHT SCHOOL OF ECONOMICS) Fall semester Credits INTRODUCTION TO BUSINESS ECONOMICS 8 PRINCIPLES OF CIVIL LAW 6 MICROECONOMICS 8 MATHEMATICS 1 10 Spring semester Credits MACROECONOMICS 8 GAMES AND STRATEGIES 8 MATHEMATICS 2 10 40 Economics and Business SECOND YEAR Business Economics (IN PARTNERSHIP WITH UTRECHT SCHOOL OF ECONOMICS) Fall semester Credits INTERMEDIATE MACROECONOMICS 7 INTERMEDIATE MICROECONOMICS 7 BASIC ECONOMETRICS 8 Elective class to be chosen among: INTRODUCTION TO ORGANIZATION AND STRATEGY THEORY 7 MARKET ORGANIZATION, DYNAMICS AND INNOVATION 7 Spring semester Credits ACCOUNTING 8 STRATEGIC MANAGEMENT 8 MARKETING 8 FINANCIAL MARKETS AND INTERMEDIARIES 8 41 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. 42 ▌DESCRIPTION OF COURSES (Alphabetical Order) Bachelor Courses 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: Assessment: Professors: Business Administration practical work, case studies written and oral exam Onesti, Laghi, Pinto, Sarcone Textbooks: Onesti: P.Onida, La logica e il sistema delle rilevazioni quantitative d'azienda, Giuffrè, Milano; G. Zanda, Il bilancio delle società. Lineamenti teorici e modelli di redazione, Giappichelli, Torino. Laghi: P. Onida, La logica e il sistema delle rilevazioni quantitative d'azienda, Giuffrè, Milano, 1974. P. Capaldo, Reddito, capitale e bilancio di esercizio. Una introduzione, Giuffrè, Milano, 1998; G. Zanda, Il bilancio di esercizio delle società, Giappichelli, Torino, 2007; G. Zanda, Il bilancio di esercizio delle società, Giappichelli, Torino, 2007. 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). Further material will be provided during the semester. Sarcone: C. Caramiello, Ragioneria Generale ed Applicata, Mursia; S. Sarcone, Il bilancio di esercizio nella disciplina civilistica, Aracne; Further material will be provided on http://docenti.luiss.it/sarcone. 43 2 E3-B2-B: BANKING Fall semester; 70 lectures; 7 hrs per week; 8 credits The purpose of the course is to teach students the basics about banking and how financial markets work. Main topics: aspects of the theory of intermediation, banking and supervision, organisation of banking, banking contracts, analysis of bank financial statements, risk management in banking, aspects of management controls and performance measurement and asset management: role and economics in the bank. Prerequisites Other activities Assessment Professor Corporate Finance practical work, exercitations oral exam written tests during the semester Comana Textbooks: Corigliano R. (a cura di), L’intermediazione finanziaria: strutture, funzioni e controlli, Bonomia University Press, Bup, Bologna, 2002. Ruozi R., Economia e gestione della banca, Egea, Milano, 2003. Saunders A., Cornett M.H., Anolli M., Economia degli intermediari finanziari, McGraw Hill, Milano, 2004. 3 E3-BL3-B: BANKING LAW Spring semester; 70 lectures; 6 hrs per week; 8 credits 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: Assessment: Professor: Italian Civil Law practical work, seminars (guest speakers) oral exam Pellegrini Textbooks: AA.VV., L’ordinamento finanziario italiano, a cura di Capriglione, Padova, Cedam, 2005. 4 E3-BrptL4-B: BANKRUPTCY LAW Spring semester; 35 lectures; 3 hrs per week; 4 credits The course examines bankruptcy and other insolvency proceedings, with particular reference to alternative procedures and fraudulent transfer/preference. Prospects for reform of insolvency law. Prerequisites: Assessment: Professor: Business Law oral exam Di Brina Textbooks: E. Bertacchini et al., Manuale di diritto fallimentare, Milano, Giuffrè, 2007; 44 Sandulli, La crisi dell'impresa, Giappichelli, 2007. 5a E1-BA5a-B: BUSINESS ADMINISTRATION Fall semester; 70 lectures; 7 hrs per week; 8 credits Definition and study of the components of the business system and its behaviour. Legal person and business enterprise. Economic balance and business and infra-business economics. Efficiency. Study of efficiency and its indicators. Elements of management. Sources of funding and financial structure. Assessment: Professor: oral exam Zanda Textbooks: G. Zanda, Lineamenti di Economia aziendale, III edizione, Kappa. 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. Assessment: Professor: written and oral exam Fiori Textbooks: Caramiello C., L’azienda (alcune brevi riflessioni introduttive), Giuffré, Milano, 1993. Caramiello C., Capitale e reddito (operazioni di gestione e “dinamica dei valori”), Giuffré, Milano, 1993. Cavalieri E., Lezioni di economia aziendale, Roma, Kappa, 1993. Fiori G., Corporate governance e qualità dell’infromazione esterna d’impresa, Milano, Giuffré, 2003. 5c 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. Other activities: Assessment: Professor: case studies, seminars, guest speakers written and oral exam Di Lazzaro Textbooks: Caramiello C., Capitale e reddito, Giuffré, Milano, 1993. Caramiello, L’azienda, Giuffré, 1993. Di Lazzaro F., La performance del valore, Giappichelli, 2003. 45 Di Lazzaro, Malagrinò, Esercizi svolti di economia aziendale, Giappichelli, 2006. 5d E1-BA5d-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 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 Assessment: Professor: oral and written exam Musaio Textbooks: C. Caramiello, L'azienda, Milano, Giuffrè; C. Caramiello, Capitale e reddito, Milano, Giuffrè; C. Caramiello, Ragioneria generale e applicata, vol. I, Milano, Mursia. 6 E3-BCT6-B: BUSINESS CONSULTING TECHNIQUES Fall semester; 70 lectures; 7 hrs per week; 8 credits The course consists of an in-depth examination of some professional areas from a theoretical point of view together with an analysis of specific concrete cases in order to equip students with the methodological tools they require to analyse various business situations. More specifically, the course analyses business crises and insolvency procedures, business valuation and operations like mergers and acquisitions. Prerequisites: Other activities: Assessment: Professor: Business Methods and Ratios case studies, exercitations oral exam Staffa Textbooks: L. Guatri, La valutazione delle aziende: teoria e pratica a confronto, Ed. Egea; L.Guatri , Turnaround: declino, crisi e ritorno al valore,. Ed. Egea; L. Potito, Le operazioni straordinarie nell'economia delle imprese,. Ed. Giappichelli; Codice Civile - Legge fallimentare 16.03.1942 e successivi aggiornamenti. 46 7 E2 –BE7-B: BUSINESS ECONOMICS Fall semester; 70 lectures; 7 hrs per week; 8 credits The firm in the neo-classical theoretical system. Theory of production. Theory of costs of production. Market behaviour of the firm. The limits of the neo-classical description of the production process: the funds and flows model. The debate on the nature of the firm and the contribution of: Knight on risk, uncertainty and profit; Coase on market use costs. Principal agent relations. Managerial theories on the firm. Behavioural theories of the firm: the contributions of Simon, Cyert and March. General theory of X-efficiency: Leibenstein. Evolutionary theories of the firm: Nelson and Winter. Theories of the firm and the problems of the choices linked to sizing and strategic conduct. Reflection on some unresolved issues, among which: reversibility and irreversibility of resources; measure, quality and economic process. Prerequisites: Other activities: Assessment: Professors: Microeconomics practical work written and oral exam Gros-Pietro Textbooks: Grillo M., Silva F., Impresa, concorrenza e organizzazione, Carocci, Roma. 8 a/b/c/d E2-BL8a/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: Assessment: Professor: Italian Civil Law written and oral exam Niccolini, De Angelis, Lerner, Palmieri Textbooks: Niccolini: G.F. Campobasso, Diritto Commerciale.1. Diritto dell’impresa, 5th edition, Utet, 2006; G.F. Campobasso, Diritto Commerciale.2. Diritto delle società, 6th edition a cura di M. Campobasso, Utet, 2006; 47 G.F. Campobasso, Diritto Commerciale .3. Contratti. Titoli di credito. Procedure concorsuali, 4th edition, Utet, 2008 (pages 103-166 and 245-452); or G. Ferri, Manuale di diritto commerciale, 12th edition, a cura di C. Angelici e G.B. Ferri, Utet, 2006, (pages 3-610, 635-714, 815-859); or V. Buonocore (a cura di), Manuale di diritto commerciale, 8th edition, Giappichelli, 2007, (pages 3-691 and 1063-1274). De Angelis: A full list will be provided at the beginning of the semester. Lerner: For the part concerning companies: Associazione Disiano Preite, Il diritto delle società, Il Mulino, Bologna, 2006. For the part concerning business, banking contracts, credit instruments and insolvency proceedings: G. F. Campobasso, Manuale di diritto commerciale, Utet, Turin, 2007, pages 10 – 107, 445- 465 and 517-633. For the credit relating to Navigation Law: the entry in Enciclopedia Giuridica Treccani, Armatore ed esercente di nave e di aeromobile, by A. Lefebvre D'Ovidio. Palmieri: G.F. Campobasso, Manuale di Diritto commerciale - IV edizione a cura di Mario Campobasso, UTET 2007. 9 E2-BMR9-B: BUSINESS METHODS AND RATIOS Fall semester; 70 lectures; 7 hrs per week; 8 credits The course is divided into three fundamental parts: I. The construction and interpretation of balance sheet indices; II. The representation and interpretation of the financial dinamics of a business; III. Appraisal of business performance through the analysis of the economic value of the capital. Prerequisites: Other activities: Assessment: Professor: Accounting practical work written and oral exam Potito Textbooks: C.Caramiello, F.Di Lazzaro, G.Fiori, Indici di bilancio, Milano, Giuffrè, 2003. Potito, Le operazioni straordinarie nell'economia delle imprese, second edition, Giappichelli, 2006. 10 a E2-BO10a-B: BUSINESS ORGANISATION Spring semester; 70 lectures; 7 hrs per week; 8 credits Review of organisation theory. Strategy - structure relationship. Organisational planning. Macrostructures. Microstructures. Organisational models. Organisational change. Organisational controls. Strategic management of human resources. 48 Prerequisites: Other activities: Assessment: Professor: Accounting case studies, practical work oral exam tests during the semester Casalino Textbooks: Daft R.L., Organizzazione aziendale, third edition, Apogeo, 2007; Costa G., Gubitta P., Organizzazione aziendale, second edition, McGraw-Hill, 2008; Tomasi D. (a cura di), Organizzazione d'Azienda. Materiali di studio, Giappichelli, Torino, 2006. Recommended readings: Mintzberg H., Structures in fives. Designing effective organizations, Englewwod Cliffs, Prentice Hall, 1983 (trad. it. La progettazione dell'organizzazione aziendale, Il Mulino, 1985); Simon H.A., A formal Theory of the Employment Relation, 1951 (trad. it. Causalità, razionalità, organizzazione, Il Mulino, 1985); Simon H.A., Administrative Behavior, McMillan, New York, 1947 (trad. it. Il comportamento amministrativo, Il Mulino 1958); Thompson J.D., Organizations in action, MacGraw-Hill, 1967 (trad. it. L'azione organizzativa, Isedi, Torino, 1988). 10 b E2-BO10b-B: BUSINESS ORGANISATION Spring semester; 70 lectures; 7 hrs per week; 8 credits The course is divided into four parts, each corresponding to a part of the course material. The first part focuses on basic concepts, and more specifically, the main techniques and methods: systems theory, network analysis, decision-making theory and complexity theory. The second part is designed to explain the principles and methods of organisational planning and deals with interdependence theory, grouping theory and coordination theory, while also going into the role of technology and knowledge as well as the problem of size at both the micro (organisational unit) and macro (entire structure) levels. The second part also addresses the problem of the extent of supervisory control, company size and the degree of formalisation. The third part provides an overview of the main models of inter- and intra-organisational layouts, within both for-profit and non-profit organisations. Lastly, the fourth part focuses on problems of organisational change, the morphological evolution of structures and the role of informationtechnology in planning and in changes within organisations, with special emphasis on knowledge management. Prerequisites: Assessment: Professor: Accounting written exam Decastri Textbooks: Tomasi D. (a cura di), Organizzazione d'Azienda. Materiali di studio, Giappichelli, Torino, 2006. Recommended readings: Costa G., Gubitta P., Organizzazione aziendale, second edition, McGraw-Hill, 2008; Daft R. L., Organizzazione Aziendale, third edition, Apogeo, 2007; Costa G., Nacamulli R., Manuale di organizzazione aziendale, vol. 1, Utet, 2005; Mintzberg H., Structures in fives. Designing effective organizations, Englewwod Cliffs, Prentice Hall, 1983 (trad. it. La progettazione dell'organizzazione aziendale, Il Mulino, 1985); Simon H.A., A formal Theory of the Employment Relation, 1951 (trad. it. Causalità, razionalità, organizzazione, Il Mulino, 1985); 49 Simon H.A., Administrative Behavior, McMillan, New York, 1947 (trad. it. Il comportamento amministrativo, Il Mulino 1958); Thompson J.D., Organizations in action, MacGraw-Hill, 1967 (trad. it. L'azione organizzativa, Isedi, Torino, 1988). 11 a/b/c/d E1-CS11a/b/c/d-B: COMPUTER SCIENCE Annual course; 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: Assessment: Professors: Practical work written and oral exam Olivieri, Spagnoletti, Vituzzi, Draoli Textbooks: First semester: For the workshop portion, students should use one of the textbooks approved by AICA for ECDL Core (visit the site www.ecdl.it). A self-study system is also available in some university computer rooms. Contact a tutor during the first semester for more details. Second semester: Olivieri: Curtin D.P., Foley K., Sen K., Morin C., Informatica di base, McGraw-Hill, Libri Italia, 2000; Mertens P., Bodendorf F., Carignani A., D'Atri A. et al., Tecnologie dell'informazione e della comunicazione per le aziende, McGraw-Hill Libri Italia, 2003. Lecture notes be provided at the beginning of the course. Spagnoletti, Vituzzi and Draoli: Mertens P., Bodendorf F., Carignani A., D'Atri A. et al., Tecnologie dell'informazione e della comunicazione per le aziende, McGraw-Hill Libri Italia, 2003. Lecture notes be provided at the beginning of the course. 12 a E2-CF12a-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. 50 Prerequisites: Other activities: Assessment: Professor: Accounting practical work, cases analysis, individual project oral exam Monti Textbooks: Monti E., Manuale di Finanza per l’Impresa, Teoria e pratica UTET 2005. Lecture notes will be provided at the beginning of the course. 12 b E2-CF12b-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: Assessment: Professor. Accounting practical work, cases analysis, individual project written and oral exam Spisni Textbooks: Brealey R.A., Myers S.C., Sandri S., Principi di Finanza Aziendale, McGraw-Hill Italia, 2003. Sandri S., Finanza aziendale. Temi di esame, Pitagora Editore. 12 c E2-CF12c-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: Assessment: Professor: Accounting practical work, cases analysis, individual project written and oral exam Milano Textbooks: 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). 51 12 d E2-CF12d-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 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: Assessment: Professor: Accounting practical work, cases analysis, individual project written and oral exam Bozzi Textbooks: 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. 13 E3-CAA13-B: COST ACCOUNTING AND ANALYSIS Spring semester; 35 lectures; 3 hrs per week; 8 credits Main topics: 1) Planning and internal control systems: The meaning and goals of corporate measurements; Planning and internal control within corporations; Strategic planning, supervision by management and supervision at the operating level; Quantitative findings in determining the degree of efficiency and productivity. 2) Introductory concepts and cost configurations: Variable and fixed costs; Special and common costs; Direct and indirect costs; Controllable and noncontrollable costs; cost configurations; The problem of the imputation of indirect costs. 3) Traditional cost analysis methods to determine the degree of efficiency and productivity: Purposes of direct costing; Traditional direct costing and advanced direct costing; The margin of contribution in compared profitability analysis; The variability of costs in the long term; Purposes of full costing; Full costing on a single and multiple basis, bases and sharing coefficients; Full costing for cost centres; Full costing in the valuation of profitability: potential and limits. 4) Cost analysis methods for specific decision-making situations: Operating structure and break-even point; Operating leverage; Cost/volumes/price ratios; Make or buy decisions; Product mix decisions; Decisions on the introduction/removal of products; The impact of the time span on information underlying decision-making. 5) Cost analysis methods for activity-based management: Activity-based management and activity-based costing; Purposes of activity-based costing; Activities and processes; Cost, activity and process drivers; The contribution margin by activity. Other activities: Assessment: Professor: case studies oral exam Bastia 52 Textbooks: Bastia P., Analisi dei costi. Evoluzione degli scopi conoscitivi, Clueb, Bologna, 1996. Bastia P., Sistemi di pianificazione e controllo, Il mulino, Bologna, 2001. Bastia P., Il budget d’impresa, Clueb, Bologna, 1989. 14 E2-E14-B: ECONOMETRICS Spring semester; 35 lectures; 3 hrs per week; 6 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 Cubadda Textbooks: Stock James H., Watson Mark W. (edizione italiana a cura di Peracchi F.), 2005, Introduzione all'econometria, Pearson Education Italia. 15/2 E2-EH15/2-B: ECONOMIC HISTORY Fall semester; 70 lectures; 7 hrs per week; 6 credits The object of the course is an in-depth study of the interrelationship between theory and economic events with particular reference to the following topics: economic systems and cycles, the various stages of industrialisation, continuity and discontinuity in development processes, the evolution of underdevelopment and sustainable development, the contemporary economy and the managerial revolution, the international monetary system and EMU. Other activities: Assessment: Professor: seminars oral exam Di Taranto Textbooks: A.A.V.V., Storia dell’economia mondiale, Monduzzi, Bologna, 2000. Magnifico G., L’euro. Ragioni e lezioni di un successo sofferto, Luiss University Press, Roma, 2005. 15/3 E3-EH15/3-B: ECONOMIC HISTORY Fall semester; 70 lectures; 7 hrs per week; 6 credits After an introduction of a theoretical and methodological nature, the course will be divided into three parts. I. Joining Europe, which analyses the process that led to Italy becoming one of the most advanced countries in Europe. II. Primacy in Europe, which analyses the conditions that permitted the Italian economy to achieve top growth rates in the post-war years. III. Integration 53 in Europe, which studies the final stages of the 20th century that witnessed Italy's integration into the European economic system. Other activities: Assessment: Professor: seminars oral exam Palermo Textbooks: A.A.V.V., Storia dell’economia mondiale, Monduzzi, Bologna, latest edition; Magnifico G., L’euro. Ragioni e lezioni di un successo sofferto, LUISS University Press, Roma, 2005. 16 a E3-EP16a-B: ECONOMIC POLICY Fall semester; 70 lectures; 7 hrs per week; 8 credits 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: Assessment: Professor: Macroeconomics oral exam Neri Textbooks: A complete reading list will be provided at the beginning of the course. 16 b E3-EP16b-B: ECONOMIC POLICY Fall semester; 70 lectures; 7 hrs per week; 8 credits The economist's resources: language, theories and institutions. The markets for goods and services, money, labour, savings and investments in neo-classical and Keynesian models. Open economies and the international monetary system. The European Union and EMU. Fiscal and monetary policy in Europe. The analysis of economic policy and understanding the financial press. Prerequisites: Other activities: Assessment: Professors: Macroeconomics seminars written and oral exam Viviani Textbooks: Savona P., Politica Economica e New economy, McGraw-Hill, 2002; an up-to-date macroeconomic textbook for basic principles. Other reading material will be recommended from time to time. 54 16 c E3-EP16c-B: ECONOMIC POLICY Fall semester; 70 lectures; 7 hrs per week; 8 credits The economist's resources: language, theories and institutions. The markets for goods and services, money, labour, savings and investments in neo-classical and Keynesian models. Open economies and the international monetary system. The European Union and EMU. Fiscal and monetary policy in Europe. The analysis of economic policy and understanding the financial press. Prerequisites: Other activities: Assessment: Professors: Macroeconomics seminars written and oral exam De Santis Textbooks: Savona P., Politica Economica e la New economy, McGraw-Hill, 2002. Recommended readings: Gabriele Giudice, Andrea Montanino, Il Patto di Stabilità e Crescita, Rivista di Politica Economica, luglio-agosto 2003. (available on the university website); Ministero dell'Economia e delle Finanze, Libro Verde sulla spesa pubblica, cap. 1, settembre 2007(available on the university website); Stiglitz J., Economia del settore pubblico, Hoepli, 2003. 17 E2-EFI17-B: ECONOMICS AND FINANCIAL INTERMEDIARIES Fall semester; 70 lectures; 7 hrs per week; 6 credits Il corso si propone di fornire conoscenze in tema di: mercati, strumenti e intermediari finanziari. Nell’analisi dei mercati si tratteranno le principali forme organizzative, con particolare attenzione alla formazione dei prezzi e alle condizioni di efficienza. Nell’analisi degli strumenti si inquadrerà la loro tipologia, con riferimento ai bisogni finanziari degli operatori, soffermandosi sulle caratteristiche di rendimento/ rischio. Nell’analisi degli intermediari verranno illustrate le problematiche di gestione, con specifico riferimento ai rischi e alle condizioni di equilibrio economico finanziario e patrimoniale. Prerequisites: Assessment: Professor: Corporate Finance oral exam, mid-term attendance evaluation Boido Textbooks: Cornett-Saunders-Anolli , Economia degli Intermediari finanziari, second edition Mc Graw Hill chapters 1-2 -3 -5-6-7 (first part), 9-10-11.3(pages 377-385) -12-15-16(second part). Chapters 48-11-13-14 are excluded. 18 E3-EMBI18-B: ECONOMICS AND MANAGEMENT OF BUSINESS INNOVATION Spring semester; 35 lectures; 3 hrs per week; 6 credits The persons involved in the process of innovation and their respective roles. The sources of knowledge. The various types of innovation. Relationships with global and local competition. Forms of collaboration in innovation projects. Design management. Certain financial aspects and 55 implications in financial statements. Intellectual property, its protection and enhancement. Risks and critical issues in innovation. Assessment: Professor: oral exam Pistella Textbooks: The material will be provided at the beginning of the semester. 19 E3-EMIE19-B: ECONOMICS AND MANAGEMENT OF INTERNATIONAL ENTERPRISES Spring semester; 70 lectures; 6 hrs per week; 8 credits. International development strategies. The theories and paradigms of internationalisation. Decisive factors in deciding to internationalise. Culture of contexts and international relations among enterprises. Methods for implementing international development strategies. Traditional routes and the 'new ways' of international development. Entry into 'difficult' markets. The opportunities afforded by markets in eastern Europe. Penetration in markets and economies in translation. Methods for entering China. Attractiveness of regional integration areas. The possibilities offered by the Euro-Mediterranean Partnership. Outsourcing and coordination in intra-organisational networks: outsourcing options and forms of international networking. Determining factors in deciding to outsource. New forms of outsourcing. Coordination and development of learning processes. Financing international enterprises. The growing importance of financial activities in the economic system and in enterprises. Project financing. Financial centres for regulating complexity. Credit risk. Country risk and system risk. Financial immunisation techniques and hedging financial risks. Derivatives and financial engineering. Prerequisites: Other activities: Assessment: Professor: Accounting practical work, seminars, guest speakers oral exam Ferretti Textbooks: Calvelli, Scelte di Impresa e Mercati Internazionali, Giappichelli Torino, 1998, chapters. 1, 2, 4; Caroli M. (a cura di), Economia e gestione delle imprese internazionali, McGraw Hill, Milano 2007 chapters 1 (par. 1.1, 1.2, 1.3), 2, 5, 7; Valdani - Bertoli, Mercati Internazionali e Marketing, EGEA Milano, 2006 (second edition), chapters 4 and 5. 20 E3-EMPPU20-B: ECONOMICS AND MANAGEMENT OF PROVIDERS (OF PUBLIC UTILITY) Spring semester; 70 lectures; 7 hrs per week; 6 credits The object of the course is to provide the student with the fundamental economic and operative knowledge of the service sector as well as equipping the student with the strategic management tools and policies necessary to manage service companies. The programme shall cover the following matters: the services economy; the nature of services; the behaviour of consumers and purchasers of services; information systems of service companies; segmentation of the market; positioning of the companies and the services; marketing and the marketing mix of service companies; the concept of service; the development of new services; the yardstick in fixing prices; price policy; access to services and distribution policies; communication and promotion in the service sector; personal sale, sales advertising and promotion; the process of producing and delivering a service; human resources 56 management; the physical environment and material resources. In the specific parts of the programme shall cover the public services and the health care services. Other activities: Assessment: Professor: seminars, guest speakers, cases analysis oral exam written and oral tests during the semester Marcuccio Textbooks: The material will be provided at the beginning of the course. 21 a E2-FM21a-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: Assessment: Professor: Mathematics 1-2 practical work written and oral exam Olivieri Textbooks: Bortot, Magnani, Olivieri, Rossi, Torrigiani, Matematica finanziaria, Ed Monduzzi. 21 b E2-FM21b-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. Prerequisites: Other activities: Assessment: Professor: Mathematics 1-2 practical work written and oral exam written tests during the semester De Angelis Textbooks: F. Cacciafesta, Lezioni di matematica finanziaria classica e moderna, Giappichelli, third edition, 1997; 57 P.Bortot, U. Magnani, G.OLivieri, M. Torrigiani, Matematica Finanziaria, Monduzzi editore 1993; F. Moriconi, Matematica finanziaria, il Mulino 1998; S. Coppini, M. Micocci, F. Spandonaro, Esercitazioni di matematica finanziaria, CISU, Roma, 1997. 21 c E2-FM21c-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: Assessment: Professor: Mathematics 1-2 practical work written and oral exam Staffa Textbooks: Bortot, Magnani, Olivieri, Rossi, Torrigiani, Matematica finanziaria, Monduzzi, 1998. 21 d E2-FM21d-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 interests and remainder interests. Assessment of economic/financial projects. The REA, TIR and TRM criteria. Prerequisites: Other activities: Assessment: Professor: Mathematics 1-2 practical work written and oral exam Foschini Textbooks: Bortot, Magnani, Olivieri, Rossi, Torrigiani, Matematica finanziaria, Monduzzi, 1998. 58 22 E3-HEBO22-B: HISTORY OF ENTERPRISE AND BUSINESS ORGANISATION Spring semester; 70 lectures; 7 hrs per week; 4 credits The entrepreneur in the Continental European and Anglo-American traditions. The theories of Marshall, Knight and Schumpeter. The dynamic view of enterprise: ownership, expansion and strategy from Berle and Means to Chandler's Visible Hand. The neo-Keynesian approach and recent managerial and behavioural theories. Contextualisation: training of human capital, institutions, financial systems and ethical factors. Size and performance of enterprises. Large management led businesses. Chandler's paradigm, economies of scale and first movers. Multinationals. Globalisation, the knowledge economy and metanational businesses. Companies without factories and outsourcing. The organisation of labour in capitalist enterprises. Taylorism, Fordism, Toyotaism and flexible forms of production: business networks and districts. R&D. Marketing and business between theory and history: from consumer sovereignty to customer satisfaction. Business in the transition from national sovereignty to a transnational market. Other activities: Assessment: Professor: seminars oral exam Di Vaio Textbooks: P.A. Toninelli, Storia dell’impresa, Il Mulino, 2006. 23 a E3-IE23a-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: Assessment: Professor: Microeconomics seminars, practical work oral exam Martoccia Textbooks: C. Scognamiglio Pasini, Economia Industriale, LUISS University Press, 2006. 23 b E3-IE23b-B: INDUSTRIAL ECONOMICS Fall semester; 70 lectures; 7 hrs per week; 8 credits Sequence of course subjects: 1) Introduction to industrial economics. 2) The emergence of industrial economics and its relationships with other disciplines such as microeconomics, 59 business economics (and corporate governance) and the economics of competition. 3) Forms of market: monopolies and regulation, perfect (or almost perfect) competition, oligopolies and oligopolistic competition. 4) The structure – conduct – performance paradigm. 5) Market power and collusion, pricing and non-pricing strategies, vertical relationships and advertising. 6) Accessing and leaving the market, strategic behaviour, external growth and development policies. 7) Market regulation and the protection of competition. 8) The institutional context: rules and competition, the significant market, market power and dominant market positions, the openness of markets. Prerequisites: Other activities: Assessment: Professor: Microeconomics seminars, practical work oral exam Scognamiglio Textbooks: Scognamiglio C., Economia Industriale, LUISS University Press 2006. 24 E3-ISB24-B: INFORMATION SYSTEMS FOR BUSINESS Fall 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. Prerequisites: Other activities: Assessment: Professor: Computer Science project work, cases studies, individual projects oral exam D’Atri Textbooks: R. L. Daft, Organizzazione Aziendale, third edition, Apogeo, 2007; Teti, E. Cipriano, EUCIP - Il Manuale per l'informatico professionista - Certificazione Core level, Hoepli, 2006. Further material will be available on http://www.cersi.it/corsi. Recommended readings: K. Laudon, J. Laudon, Management dei sistemi informativi, Addison Wesley Longman Italia, 2006; P. Atzeni, S. Ceri, S. Paraboschi, R. Torlone, Basi di dati - Modelli e linguaggi di interrogazione, MacGraw-Hill, 2002. 25 E3-ICF25-B: INTERNATIONAL CORPORATE FINANCE Spring semester; 35 lectures; 3 hrs per week; 4 credits The course analyses the characteristic features of international corporate finance and applies the principles of corporate finance to international business decisions. The main issues covered are: 1) international financial and currency markets; 2) analysis and management of foreign exchange risk; 3) multinationals' cross-border investment and finance decisions. Lectures will also include in-class discussion of case studies. Prerequisites: Other activities: Assessment: Corporate Finance practical work, case studies oral exam 60 Professor: Cervellati Textbooks: Cheol S. Eun-Bruce G. Resnick, International Financial Management, fourth edition, McGraw-Hill Irwin, 2004. 26 E3-IE26-B: INTERNATIONAL ECONOMICS Spring semester; 70 lectures; 7 hrs per week; 6 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 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. Prerequisites: Other activities: Assessment: Professor: Macroeconomics practical work, case studies oral exam Manzocchi Textbooks: Giorgio Barba Navaretti and Anthony J. Venables (eds.), Multinational Firms in the World Economy, Princeton University Press (2004). Other teaching materials (in particular for Points 3 and 4 of the Program), and the slides of the lectures, will be made available for students. Background Reference (not compulsory for students with some knowledge of International economics) : Paul R. Krugman, Maurice Obstfeld, International Economics, 2006. 27 E3-IM27-B: INTERNATIONAL MARKETING Fall semester; 35 lectures; 3 hrs per week; 4 credits Analysis of international marketing strategies and operations. During the initial part of the course, special emphasis will be placed on market research and the study of consumer behaviour from a socio-anthropological standpoint. The main course curriculum however focuses on management processes and more specifically, the management of the main marketing activities – such as product policies, pricing, communications and distribution – at the international level. The sequence of the course subjects, divided into 8 teaching units, is as follows: 1) geo-political, socio-economic and technological trends that impact international marketing strategies and decisions; 2) international marketing strategies: from entry methods through to options for placing marketing-mix policies in context; 3) international market research for analysing and forecasting demand; 4) research on consumer behaviour: a socio-anthropological approach to international market research; 5) positioning strategies and product policy management; 6) pricing and price management on international markets; 7) advertising and other forms of 61 communications on international markets; 8) management of international trade and distribution processes. Prerequisites: Assessment: Professor: Accounting oral exam Costabile Textbooks: Valdani E., Bertoli G., Mercati e marketing internazionali, Egea, 2003. Lecture notes will be provided at the beginning of the course. 28 a/b/c/d E1-ICL28a/b/c/d-B: ITALIAN CIVIL LAW Spring 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. Other activities: Assessment: Professor: seminars, practical work, guest speakers oral exam written tests during the semester Pardolesi, Conte, Di Ciommo, Di Gravio Textbooks: Pardolesi: Trimarchi, Istituzioni di diritto privato, Giuffrè, 2005; Nivarra, Ricciuto, Scognamiglio, Istituzioni di diritto privato, Giappichelli, 2004; Cooter, Mattei, Monateri, Pardolesi, Ulen, Il mercato delle regole. Analisi economica del diritto civile, Il Mulino, 2006. Conte: Alpa, Manuale di diritto privato, V edition, Cedam, 2007; pages 1019 to 1051 excluded; pages 1063 to 1207 excluded; pages 1375 to 1405 excluded. Di Ciommo: Choice of one of the following: P. Trimarchi, Istituzioni di diritto privato, Giuffré, Milano; C.Scognamiglio - L.Nivarra - V.Ricciuto, Istituzioni di diritto privato, Giappichelli, Torino; A. Torrente - P. Schlesinger, Manuale di diritto privato, Giuffré, Milano. Italian Civil Code. Di Gravio: Trimarchi, Istituzioni di diritto privato, Giuffrè, latest edition; Zatti Colussi, Lineamenti di diritto privato, Cedam, latest edition; Autori vari, Dieci lezioni di Diritto Privato, UTET, 2006. Suggested reading: Cooter, Mattei, Monateri, Pardolesi, Ulen, Il mercato delle regole. Analisi economica del diritto civile, Il Mulino, 2006. 62 29 a E1-IPL29a-B: ITALIAN PUBLIC LAW Fall semester; 70 lectures; 7 hrs per week; 8 credits Introduction and legislative principles. Persons and personal freedoms. Sources of law in the Italian framework. The organisation of the Italian state: government, parliament and other governmental organs and their functions. Administrative functions. Judicial system. Guarantees. Assessment: Professor: oral exam Montedoro Textbooks: Choice among the following: Barbera, Fusaro, Corso di diritto pubblico, Il Mulino, Bologna, latest edition; Bin, Pitruzzella, Diritto Pubblico, Giappichelli, Torino, latest edition; Barile, Cheli, Grassi, Istituzioni di diritto pubblico, CEDAM, Padova, latest edition; Caretti, De Siervo, Istituzioni di diritto pubblico, latest edition; Cuocolo, Lezioni di diritto pubblico, Giuffrè, Milano, latest edition; Rossano, Manuale di Diritto Pubblico, Jovene, Napoli, latest edition. 29 b E1-IPL29b-B: ITALIAN PUBLIC LAW Fall semester; 70 lectures; 7 hrs per week; 8 credits Part I: Theoretical concepts: institutions, law, justice; forms of state and forms of government; subjects and acts of law and illegality. Part II: The Italian constitutional system: sources of law; personal rights and freedoms; the parliament and legislative procedures; the government and its functions; regions and local government. Special part: The economic constitution: models; social rights; government intervention and its limits; EU and integration. Other activities: Assessment: Professor: seminars oral exam Rossano Textbooks: Rossano, Manuale di diritto pubblico, Jovene, Napoli, 2007; Virga, Diritto amministrativo - Atti e Ricorsi, vol. 2, Giuffré, latest edition. Lecture notes will be provided at the beginning of the course. 29 c E1-IPL48c-B: ITALIAN PUBLIC LAW Fall semester; 70 lectures; 7 hrs per week; 8 credits The general part of the course proposes to explain the basics of the Italian constitutional order, illustrating its guiding principles, how it is organised and how it works. The special part of the course is dedicated to the controversial notion of so-called 'economic constitution', with a view to highlighting its extent (national and EU) from all economic policy standpoints. Other activities: Assessment: Professor: seminars oral exam Lupo 63 Textbooks: Choice among the following: Barbera, Fusaro, Corso di diritto pubblico, Il Mulino, Bologna; Bin, Pitruzzella, Diritto Pubblico, Giappichelli, Torino; Caretti, De Siervo, Istituzioni di diritto pubblico, Giappichelli, Torino; Cuocolo, Lezioni di diritto pubblico,Giuffrè, Milano; Rossano, Manuale di Diritto Pubblico, Jovene, Napoli. 29 d E1-IPL29d-B: ITALIAN PUBLIC LAW Fall semester; 70 lectures; 7 hrs per week; 8 credits • • • • • • • • • • • • Features of law Constitution and constitutionalism The sources of law The State and its constituent elements Forms of State and government Liberties, political rights and social rights in the Italian constitution The electorate: referenda and electoral system Constitutional bodies: the parliament, the president, the government, the judiciary and the constitutional court The organisation and functions of the public administration Constitutional principles governing administrative justice Regional and local government The European Union: institutions and sources of law Other activities: Assessment: Professor: seminars oral exam Meloni Textbooks: Choice among the following: Barbera, Fusaro, Corso di diritto pubblico, Il Mulino, Bologna; Bin, Pitruzzella, Diritto Pubblico, Giappichelli, Torino; Caretti, De Siervo, Istituzioni di diritto pubblico, Giappichelli, Torino; Cuocolo, Lezioni di diritto pubblico,Giuffrè, Milano; Rossano, Manuale di Diritto Pubblico, Jovene, Napoli. 30 E3-LE30-B: LABOUR ECONOMICS Spring semester; 70 lectures; 6 hrs per week; 8 credits Outline of labour market theory Microeconomics of investment decisions in human capital. Microeconomics of labour supply and demand. Competitive balances in the labour market. Imperfect competition models. Job search models. Economic role of trade unions. Insider-outsider models. Labour market and immigration. Long-term unemployment and hysterisis. Analysis of main labour market indicators and institutions Main labour market indicators and tools for analysing inequality. Italian and European labour markets in view of the Lisbon objectives. Labour policies implemented in Italy and the changes introduced by Legislative Decree No. 276 ("Biagi Reform"). 64 Prerequisites: Other activities: Assessment: Professor: Macroeconomics guest speakers, seminars written and oral exam Battisti Textbooks: Brucchi L., Manuale di Economia del Lavoro, Il Mulino, 2001. Other material will be provided during the course. 31 E3-LL31-B: LABOUR LAW Spring semester; 70 lectures; 7 hrs per week; 6 credits Trade Union Law: The industrial relations system and the trade union law. - The trade union: its history and organisational structure. - The principles of trade union freedom. - The collective bargaining contract. - Ways of protecting the collective interest: the right to strike, the lockout and other forms of union struggle. - Employment relationship: - Historical development. - The employment contract. Self-employment. - Employment in public administration. The development of the employment contract. - Powers and duties of the parties relationship. Wages. - The employment of minors. Women and employment Prohibition of discrimination: equal opportunity. - Protection against dismissals. - Guarantees of workers’ rights. - Discipline of the labour market. - Protection of employment. Assessment Professor written and oral exam written tests during the semester Sciarra Textbooks: Giugni G., Diritto sindacale, Cacucci, Bari, 2006. Ghera E., Diritto del lavoro, Cacucci, Bari, 2006. 32 a/b/c/d E1-Mac32a/b/c/d-B: MACROECONOMICS Spring semester; 70 lectures; 7 hrs per week; 8 credits The course covers the basics concepts of macroeconomic theory and analysis, going into the long-term balance of an aggregate economic system and its development pathways as well as the factors underlying cyclic fluctuations. Economic policy goals and tools will be introduced in both these contexts, together with an analysis of the effects of (certain types of) public intervention in the economy, with special emphasis on the main macroeconomic variables (GDP, employment, inflation and unemployment rates, interest and exchange rates, balance of payments, public finance balances). Prerequisites: Other activities: Assessment: Professor: Microeconomics practical work written exam Paciello, Bellettini, Reichlin, Giordani Textbooks: Paciello, Bellettini and Reichlin: Mankiw G.N., Macroeconomia, Zanichelli, latest edition. 65 Giordani: Mankiw G.N., Macroeconomia, Zanichelli, latest edition; Blanchard O., Macroeconomia, latest edition, Il Mulino. 33 a/b/c/d E2-Mac33a/b/c/d-B: MACROECONOMICS Fall semester; 70 lectures; 7 hrs per week; 8 credits Introduction - National accounts - Production and income distribution - Stylized facts of economic growth - Economic growth and development - National income determination in the short-run - Money, interest rate and income - Consumption and saving - Investment - Money supply and demand - Financial markets - Labour market and unemployment - Aggregate supply Stabilization and supply-side policies - Stylized facts of the business cycle - Inflation, productivity and income distribution - Government debt and deficit - Balance of payments Exchange rate regimes - International monetary relations from the Gold Standard to nowadays. Prerequisites: Assessment: Professor: Microeconomics written and oral exam written tests during the semester Petrucci, Nisticò, Vallanti, Reichlin Textbooks: Petrucci: Mankiw G.N., Macroeconomia, Zanichelli, Bologna, 1998. Recommended readings: Romer D., Keynesian macroeconomics without the LM curve, Journal of Economic Perspectives, 14, 49-69, 2000; Romer P.M., The origins of endogenous growth, Journal of Economic Perspectives, 8, 3-22, 1994. Nisticò and Vallanti: Mankiw G., Macroeconomia, Zanichelli, latest edition; Blanchard O., Macroeconomia, Il Mulino, latest edition. Reichlin: Mankiw G., Macroeconomia, Zanichelli, latest edition. 34 a E3-Man34a-B: MANAGEMENT Spring semester; 70 lectures; 7 hrs per week; 8 credits The course is divided into three parts as follows. Part I: Strategic analysis – the role of strategy in business management, sectoral analysis, strategic structure and definition of business, resources, capabilities and competitive advantage, and business strategy. Part II: Business functions – technological innovation, production and facilities, procurement, and marketing. Part III: Financial appraisal of strategic projects – break even analysis, operational leverage, financial leverage, evaluation of investments and the financial evaluation of strategies. Prerequisites: Other activities: Assessment: Professor: Accounting practical work, exercitations oral exam Boccardelli 66 Textbooks: Fontana F., Caroli M.G., (a cura di), Economia e Gestione delle Imprese, McGraw-Hill, 2006; Boccardelli P., Strategia e modelli di business nel settore del video entertainment, Il Mulino, 2008. 34 b E3-Man34b-B: MANAGEMENT Spring 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. Prerequisites: Other activities: Assessment: Professor: Accounting practical work, exercitations oral exam and written examinations during the course Caroli Textbooks: Caroli M.G., Fontana F. (a cura di), Economia e Gestione delle Imprese, McGrawHill 2006. 34 c E3-Man34b-B: MANAGEMENT Spring 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 Prerequisites: Other activities: Assessment: Professor: Accounting practical work, exercitations oral exam and written examinations during the course Mele Textbooks: Caroli M.G., Fontana F. (a cura di), Economia e Gestione delle Imprese, McGrawHill 2006. 35 E2-MICF35-B: MANAGEMENT OF INDUSTRIAL AND COMMERCIAL FIRM Spring semester; 70 lectures; 7 hrs per week; 6 credits The content of the course is not available at the time of publication. 67 Prerequisites: Assessment: Professor: Accounting oral exam Barile 36 a/b E3-Mar36a/b-B: MARKETING Fall semester; 70 lectures; 7 hrs per week; 8 credits The course analyses the external environment and competitive system that a business finds itself in, highlighting the most relevant aspects. The course will focus on: knowledge of consumer behaviour and retailers, knowledge of competitors' strategies and the forces of competition which influence behaviour; identification and choice of marketing strategies; planning and implementation of products and services which entail value for customers; definition of specific communication and distribution action; the analysis of organisational, information, planning and control systems. Prerequisites: Other activities: Assessment: Professors: Accounting guest speakers, practical work, case studies written and oral (optional) exam Marcati, Pirolo Textbooks: Marcati: Philip Kotler, Marketing Management, Pearson - Prentice Hall – eleventh edition. Pirolo: Jean-Jacques Lambin, Marketing strategico e operativo - market-driven management, McGrawHill, fourth edition; Philip Kotler, Marketing Management, Pearson - Prentice Hall – eleventh edition. 37 a E1-M137a-B: MATHEMATICS 1 Fall semester; 70 lectures; 7 hrs per week; 6 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. Other activities: Assessment: Professors: practical work written and oral exam written tests during the semester Cacciafesta Textbooks: F. Cacciafesta - Matematica generale per i corsi triennali, ed. Giappichelli (2007). 68 37 b E1-M137b-B: MATHEMATICS 1 Fall semester; 70 lectures; 7 hrs per week; 6 credits The content of the course is not available at the time of publication. Assessment: Professors: written and oral exam written tests during the semester Papi 37 c E1-M137c-B: MATHEMATICS 1 Fall semester; 70 lectures; 7 hrs per week; 6 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. Other activities: Assessment: Professors: practical work written and oral exam written tests during the semester Sbaraglia Textbooks: Peccati - Salsa – Squellati, Matematica per l'economia e l'azienda, ed. Egea, Milano; Castellani – Gozzi, Esercizi di matematica per l'economia e l'azienda, ed. Esculapio, Bologna. Other material will be provided during the semester. 37 d E1-M137d-B: MATHEMATICS 1 Fall semester; 70 lectures; 7 hrs per week; 6 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. Other activities: Assessment: Professors: practical work written and oral exam written tests during the semester Castellani Textbooks: Peccati, Salsa, Squellati, Matematica per l'economia e l'azienda, ed. EGEA; 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. 69 38 a E1-M238a-B: MATHEMATICS 2 Spring semester; 70 lectures; 7 hrs per week; 6 credits Mathematical analysis: succession and series. Differential calculus in one or more variables. Free and restricted optimisation. Introduction to definite integration. Other activities: Assessment: Professors: practical work written exam written tests during the semester Cacciafesta Textbooks: F. Cacciafesta - Matematica generale per i corsi triennali, ed. Giappichelli (2007). 38 b E1-M238b-B: MATHEMATICS 2 Spring semester; 70 lectures; 7 hrs per week; 6 credits The content of the course is not available at the time of publication. Other activities: Assessment: Professors: practical work written exam written tests during the semester Papi 38 c E1-M238c-B: MATHEMATICS 2 Spring semester; 70 lectures; 7 hrs per week; 6 credits Succession and series. Introduction to integral calculus. Vectors and operations on vectors. Linear dependence and independence. Rouché-Capelli theorem on linear systems. Method for calculating the range and solutions of a linear system: Gauss-Jordan and determinants. Functions of more than one variable: restrictions, partial and directional derivatives, gradient and examples. Methods for determining the maximum and minimum of functions with more than one variable in simple cases. Other activities: Assessment: Professors: practical work written exam written tests during the semester Sbaraglia Textbooks: Peccati, Salsa, Squellati, Matematica per l'economia e l'azienda, ed. EGEA; 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 38 d E1-M238d-B: MATHEMATICS 2 Spring semester; 70 lectures; 7 hrs per week; 6 credits 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: Assessment: Professors: practical work written exam written tests during the semester Catellani Textbooks: Peccati, Salsa, Squellati, Matematica per l'economia e l'azienda, ed. EGEA; 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. 39 a/b/c/d E1-Mic39a/b/c/d-B: MICROECONOMICS Fall 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: Assessment: Professor: individual projects, practical work oral exam written tests during the semester Spallone, Di Cagno, Panaccione, Conte Textbooks: Spallone: Hey J.D., Esperimenti in economia, Giappichelli, Torino, 1998. Varian H., Microeconomia, Cafoscarina, latest edition. Di Cagno: Choice among the following: Varian H. (1998), Microeconomia (livello intermedio), Norton Varian H.(2004), Analisi Microeconomica (livello avanzato), Norton. Gravelle-Rees (2004), Microeconomics, Prentice Hall. Suggested readings: Brealey R.A.- Myers, S. et al. (2007), Principi di Finanza Aziendale, Mc Graw Hill Co. Freixas X.- Rochet C. (1997), Microeconomics of Banking, MIT Press. O'Hara, M. (1995), Market Microstructure Theory, Blackwell Publishing. Panaccione: Hey, J , Microeconomia, Aracne Editore, 2007; 71 Varian, H., Microeconomia, Cafoscarina, latest edition; Kreps, D., Microeconomia per manager, Egea, latest edition. Conte: Hey, J. (2007), Microeconomia, Aracne Editore. 40 E3-MFM40-B: MONETARY AND FINANCIAL MARKETS Spring semester; 70 lectures; 7 hrs per week; 8 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. Prerequisites: Other activities: Assessment: Professors: Macroeconomics practical work oral exam Paladino Textbooks: F. Mishkin, S. Eakins e G. Foresteri, Istituzioni e Mercati Finanziari, edizioni Pearson, 2007, Parts 1,2, 3, 4 e Part 7. Further material will be provided during the course. 41 a/b/c E2-ME41a/b/c-B: MONETARY ECONOMICS Spring semester; 70 lectures; 7 hrs per week; 8 credits Role and function of money. Principal theories which concern the holding of money at microeconomic and macroeconomic level. Objectives, tools and transmission of monetary policy. Creation of a monetary base and effects on money supply and liquidity of financial markets. Analysis of the behaviour of central banks: the Federal Reserve and the European Central Bank. Theories of banking and financial intermediation. Regulatory and supervisory models for banks and other intermediaries. Prerequisites: Other activities: Assessment: Professors: Macroeconomics practical work, seminars, projects written and oral (optional) exam written tests during the semester Di Giorgio, Pandimiglio, Campioni Textbooks: Di Giorgio G. (2007): Lezioni di Economia Monetaria, CEDAM, Padova; Di Giorgio G., Pandimiglio A. e S. Nisticò (2005): Problemi di Economia e Politica Monetaria, CEDAM, Padova; Arcelli M. (2002): L'economia monetaria e la politica monetaria della Unione Europea, CEDAM, Padova. 72 42 a E2/3-PF42a-B: PUBLIC FINANCE Spring semester; 70 lectures; 7 hrs per week; 8/6 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: Assessment: Professor: Microeconomics Macroeconomics practical work written and oral exam Piacentino Textbooks: H. S. Rosen, Scienza delle finanze, second edition, Milano, McGraw-Hill, 2007, chapters 3-7, 1016, 19; P. Bosi-M. C. Guerra, I tributi nell'economia italiana, latest edition, Bologna, Il Mulino. 42 b E2/3-PF42b-B: PUBLIC FINANCE Spring semester; 70 lectures; 7 hrs per week; 8/6 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: Assessment: Professor: Microeconomics Macroeconomics practical work oral exam Emanuele Textbooks: Emanuele E.F.M., Lezioni di scienza delle finanze, 2005, ESI, Napoli. Recommended readings: Bosi P. (a cura di), Corso di scienza delle finanze, 2006, IV edition, Il Mulino, Bologna; chapters 1 and 2.; Emmanuele F.M.E., Evoluzioni e vicende delle fondazioni di origine bancaria, 2006, II Edizione, ESI, Napoli; Taccone A., Il dibattito sulla tassazione delle società, 2006, Quaderni DPTEA n. 143, Luiss "Guido Carli". 43 E2-SSM43-B: SOCIAL SCIENCES METHODOLOGY Fall semester; 70 lectures; 7 hrs per week; 6 credits The course is aimed at the attainment of epistemological awareness in the field of the social sciences and, in particular, in the field of economics. General part: criticism of inductivism and observationism. The fasificability of theories. The Popper-Hempel model. Critical rationalism and hermeneutics. Unified theory of method. Special part: Methodological individualism. From the Scottish moralists to of the XVIII century to the Austrian school of economics. The debate on 73 method. Neo-positivism. Market and rule of law. Epistemology and entrepreunership. Growth of rationalism and economic development. Assessment: Professor: oral exam Infantino Textbooks: Antiseri D., Teoria unificata del metodo, Utet, Torino, 2000, capitolo 1 e capitolo 5; Infantino L., L'ordine senza piano, Armando, Roma, latest edition; Infantino L., Metodo e mercato e storia delle idee, Rubbettino, Soveria Mannelli, 2008; Mill J.S., Economia e scienze sociali, Rubbettino, Soveria Mannelli, 2004. 44 E3-TL44-B: TAX LAW Spring semester; 70 lectures; 7 hrs per week; 8 credits The course is divided into a general part and a special part. General Part: 1) The notion of taxation and the distinction between taxes and duties. 2) Constitutional principles, the sources of tax law (internal, community and international sources) and tax federalism. 3) Interpretation and effectiveness of tax law over time and from place to place, and tax evasion. 4) Tax obligations and the parties involved in the collection and payment of taxes. 5) The implementation of the tax obligation: filing of returns, assessment (preliminary investigations, methods and types of assessment, notice of assessment) and collection. 6) The principles of administrative tax sanctions. Special Part: 1) The current tax system. 2) Personal income tax, with special emphasis on income from business activities. 3) Corporation tax, with special emphasis on the new concepts introduced by the Tremonti Reforms (tax consolidation, participation exemption, etc.). 4) VAT (structure of the tax and mechanism of application; transactions and parties subject to VAT; VAT within the EEC; required formalities). 5) Regional Production Tax (IRAP) and the implementation of tax federalism Assessment: Professor: oral exam Marchetti Textbooks: Tesauro F., Istituzioni di diritto tributario, UTET, latest edition. 74 Economics and Business (in partnership with Utrecht School of Economics) (NOT OPEN TO ERASMUS STUDENTS) 1 E2-Acc1-EaB: ACCOUNTING (NOT OPEN TO ERASMUS STUDENTS) Spring semester; 35 lectures; 3 hrs per week; 8 credits Understanding and interpreting financial statements and accounting information. Study of double entry bookkeeping. The framework of financial reporting. Financial statements structure and categories. Understanding the influence of different rules and accounting practices in financial reporting disclosures. Financial accounting fundamentals and the generally accepted principles as applied to enterprises according to financial disclosures (IAS-IFRS). Other Activities: Assessment: Professor: written tests during the teaching period written exam Di Donato Textbooks: Financial Accounting Fundamentals - J. J. Wild, McGraw-Hill Irwin. 2 BASIC ECONOMETRICS Course offered by Utrecht School of Economics 3 E2-FMI3-EaB: FINANCIAL MARKETS AND INTERMEDIARIES (NOT OPEN TO ERASMUS STUDENTS) Spring semester; 35 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: Assessment: Professor: practical work written exam Vitale Textbooks: Bode, Kane and Marcus, 2008, Essentials of Investment McGraw-Hill, 7th edition; Instructor's Lecture Notes. 75 4 E1-GS4-EaB: GAMES AND STRATEGIES (NOT OPEN TO ERASMUS STUDENTS) Spring semester; 35 lectures; 3 hrs per week; 8 credits Game theory examines in a rigorous way the interaction among rational agents (individuals or firms). It is therefore an essential tool in economic theory and in applied research. This course will give an introduction to the most important models in game theory. We will examine several situations: the agents may act simultaneously or in sequence. They may be fully informed about the past history and the future consequences (payoffs) of their interaction, or they may have pale guesses about these terms. Moreover, the agents' attitudes may be one of competition or cooperation towards the other agents. Other activities: Assessment: Professor: practical work oral exam Dall’Aglio Textbooks: Basic textbook: Joel Watson, Strategy: An Introduction to Game Theory, 2nd Edition, Publisher: W. W. Norton; ISBN: 0393929345. Further readings: Martin J. Osborne, An Introduction to Game Theory, Oxford University Press, USA ISBN:0195128958; Robert Gibbons, Game Theory for Applied Economists, Princeton University Press ISBN: 0691003955. 5 INTERMEDIATE MACROECONOMICS Course offered by Utrecht School of Economics 6 INTERMEDIATE MICROECONOMICS Course offered by Utrecht School of Economics 7 E1-IBE7-EaB: INTRODUCTION TO BUSINESS ECONOMICS (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 35 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. 76 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. Assessment: Professors: written and oral exam Tiscini Textbooks: David Boddy, Management: an Introduction, Prentice Hall, 2005; or Gerald Cole, Management: Theory and practice, Southwestern Learning, 2004; Robert N. Anthony - Leslie K. Breitner, Essentials of Accounting, Prentice Hall, 2007. Five Slides set of the course. 8 INTRODUCTION TO ORGANIZATION AND STRATEGY THEORY Course offered by Utrecht School of Economics 9 MACROECONOMICS Course offered by Utrecht School of Economics 10 E1-Mac10-EaB: MACROECONOMICS (NOT OPEN TO ERASMUS STUDENTS) Spring 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? 77 Assessment: Professors: written exam Vallanti Textbooks: Oliver Blanchard, Macroeconomics, fourth edition, Prentice Hall Int., 2006; Gregory N. Mankiw, Macroeconomics, sixth edition, Worth Publishers, 2006. 11 MARKET ORGANIZATION, DYNAMICS AND INNOVATION Course offered by Utrecht School of Economics 12 E2-Mar12-EaB: MARKETING (NOT OPEN TO ERASMUS STUDENTS) Spring semester; 70 lectures; 7 hrs per week; 8 credits The content of the course is not available at the time of publication. Assessment: Professors: written exam Esseghaier 13 E1-M113-EaB: MATHEMATICS 1 (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 10 credits Functions and models Limits and continuity Differentiation Applications of differentiation Integration Infinite sequences and series Matrices vectors and systems of linear equations Matrices and linear transformations Determinants Subspaces and their properties Other activities: Assessment: Professors: practical work written and oral exam written tests during the semester Scarsini Textbooks: Lawrence E. Spence, Arnold J. Insel, Stephen H. Friedberg, Elementary Linear Algebra, Pearson Education; 2 edition (2007); James Stewart, Calculus (International Metric Edition), Brooks/Cole; International Edition (2008). The second book can be replaced with: Joel Hass, Maurice D. Weir, George B. Thomas, University Calculus (Thomas Series), Addison Wesley; 1 edition (2006). 78 14 E1-M214-EaB: MATHEMATICS 2 (NOT OPEN TO ERASMUS STUDENTS) Spring semester; 70 lectures; 7 hrs per week; 10 credits Eigenvalues, eigenvectors and diagonalization Orthogonality Vector spaces Vector functions Partial derivatives Multiple integrals Complements of integration Differential equations. Other activities: Assessment: Professors: practical work written exam written tests during the semester Antonelli Textbooks: Lawrence E. Spence, Arnold J. Insel, Stephen H. Friedberg, Elementary Linear Algebra, Pearson Education; 2 edition, July 5, 2007; James Stewart, Calculus (International Metric Edition), Brooks/Cole; International Ed edition, 14 Feb 2008. The second book can be replaced with: Joel Hass, Maurice D. Weir, George B. Thomas, University Calculus, Thomas Series, Addison Wesley; 1 edition, February 19, 2006. The textbooks have been chosen in accordance with the course Mathematics I. 15 E1-Mic15-EaB: MICROECONOMICS (NOT OPEN TO ERASMUS STUDENTS) First semester; 70 lectures; 7 hrs per week; 8 credit Part 1, Economies without Production, looks at exchange in a competitive world without production, using both the conventional supply and demand analysis for a single market and Edgeworth Box analysis for the economy as a whole. The Part starts in a discrete world (where only integer units of a good can be bought and sold), with reservation prices which, under certain rather special conditions, encapsulate preferences. The derivation of demand and supply from these given reservation prices is rather obvious and so is the calculation of surpluses in this simple world. The buyer surplus is the area between the price paid and the demand curve while the seller surplus is the area between the price received and the supply curve. We discuss various forms of trade under these conditions and show the properties of competitive trade - as measured in terms of surpluses. We then generalise - first to continuous goods with the same specialised preferences that implicitly imply reservation prices for each ‘unit' of the good and then to more general preferences. We then talk about preferences more generally and show how demand can be derived from preferences. We then show how all of this can be turned round so that we can infer preferences from demand and hence use this information to prescribe and predict. The Part then looks at exchange in a simple 2-person 2-good world without production using Edgeworth Box analysis and discusses the concept of efficient trade, using the concept of the contract curve, and shows that competitive trade is efficient, whilst monopolistic and 79 monopsonistic trade are not. Part 2, Economies with Production, stays in a competitive world but introduces production into the story, starting with a description of technology - that is, the relationship between inputs and outputs. We discuss a number of different types of technology, and then introduce the important concept of a cost function which tells us, for any given technology and any other constraints, the cheapest cost of producing any given output. This determines the firm's optimal demands for the inputs its uses. We show how this cost function is related to the technology of the firm, and hence show that we can use this information to help us infer the technology of a firm from its cost function (and, later, from its supply curve). This information helps us prescribe and predict. Having discussed the properties of the cost function (and various derived other cost functions) we then show how the optimal output of the firm is derived and hence obtain its supply function. This allows us to confirm that the surplus (profit) of the firm is the area between the price received and the supply curve. We then move on to consider the production possibility frontier in an economy producing two goods with two factors of production. Part 3, Applications and Implications of the Basic Tools, continues within the competitive economy and considers a number of important implications, extensions and applications of the basic story presented in Parts 1 and 2. In particular, we use the analysis of Parts 1 and 2 to derive monetary measures (equivalent and compensating variations) of the welfare effects of price changes - and relate these measures to the basic concept of surplus that we have used extensively throughout the first two Parts of the book. We then present three important applications of the core material: to inter-temporal choice (thus explaining, inter alia, saving decisions and the role of capital market); to risky choice (thus explaining, inter alia, insurance decisions and the role of insurance markets); to the labour market (thus explaining, inter alia, when government intervention in the labour market might be beneficial). Part 4, Market Inefficiencies of Various Types, takes us beyond the first three Parts of the course which stay within a competitive world, and moreover one in which technology and preferences have certain assumed properties. Some parts of the real world are not competitive and there are certain markets in which the assumed properties do not hold. Accordingly, Part 4 departs from this simple competitive world and explores the implications. First we see what happens if the government intervenes in a market in the form of taxation. We see that surplus is lost as a consequence. We show that this is also the case if monopoly or monopsony exist in a market. We then look at a case part-way between competition and monopoly - namely duopoly - and explores its implications. To analyse this latter we introduce the main concepts of Game Theory. Other activities: Assessment: Professor: individual projects, practical work oral exam written tests during the semester Hey Textbooks: Hey, John D. Microeconomics: People are Different, McGraw-Hill, UK, 2003. 16 E1-PCL16-EaB: PRINCIPLES OF CIVIL LAW (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 6 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. 80 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. Assessment: Professors: oral exam Tassone Textbooks: To be chosen 17 E1-QM17-EaB: QUANTITATIVE METHODS (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits Functions and graphs Linear functions and systems Exponential and logarigthmic functions Matrix algebra Linear programming Limits and continuity Differentiation Curve sketching Integration Multivariable calculus Assessment: Professors: written exam Scarsini Textbooks: Ernest F. Haeussler, Richard S. Paul, R.J. J. Wood, Introductory Mathematical Analysis for Business, Economics and the Life and Social Sciences, Pearson Education; 12 edition (April 12, 2007). 18 SOCIOLOGICAL AND PSYCHOLOGICAL ASPECTS OF ORGANIZATIONS Course offered by Utrecht School of Economics 19 STATISTICS Course offered by Utrecht School of Economics 81 20 E2-SM20-EaB: STRATEGIC MANAGEMENT (RESTRICTED ACCESS TO EXCHANGE STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits The content of the course is not available at the time of publication. Assessment: Professors: written exam Scarsini 82 ▌SUMMARY TABLE OF COURSES BACHELOR DEGREE COURSES Credits: from 2 to 8 depending on the course Total credits for each degree course: 180 Key oe: oral exam we: written exam Year/Sem E1-Acc1a/b/c/d-B ACCOUNTING (Rgioneria generale e applicata) Onesti (A), Laghi (B), Pinto (C), Sarcone (D) E3-B2-B BANKING (Tecnica bancaria) Comana E3-BL3-B BANKING LAW (Diritto bancario) Pellegrini E3-BrptL4-B BANKRUPTCY LAW Diritto fallimentare e delle crisi di impresa Di Brina E1-BA5a/b/c/d-B BUSINESS ADMINISTRATION (Economia aziendale) Zanda (A), Fiori (B), Di Lazzaro (C), Musaio (D) E3-BCT6-B BUSINESS CONSULTING TECHNIQUES (Tecnica professionale) Staffa E2 –BE7-B BUSINESS ECONOMICS (Economia dell’impresa) Gros-Pietro E2-BL8a/b/c/d-B BUSINESS LAW (Diritto commerciale) Niccolini (A), De Angelis (B), Lener (C), Palmieri (D) 83 Hours Assessment Credits I/S 70 L oe/we 8 III/1 70 L oe/we 8 III/S 70 L oe 8 III/S 35 L oe 4 I/F 70 L oe/we 8 III/F 70 L oe 8 II/F 70 L oe/we 8 II/S 70 L oe/we 8 Year/Sem E2-BMR9-B BUSINESS METHODS AND RATIOS (Metodologie e determinazioni quantitative d’azienda) Potito E2-BO10a/b-B BUSINESS ORGANISATION (Organizzazione aziendale) Casalino (A), Decastri (B) E1-CS11a/b/c/d-B COMPUTER SCIENCE (Informatica) Olivieri (A), Spagnoletti (B), Vituzzi (C), Draoli (D) E2-CF12a-B CORPORATE FINANCE (Finanza aziendale) Monti (A), Spisni (B), Milano (C), Bozzi (D) E3-CAA13-B COST ACCOUNTING AND ANALYSIS (Analsisi e contabilità dei costi) Bastia E2-E14-B ECONOMETRICS (Econometria) Cubadda E2-EH15/2-B; E3-EH15/3-B ECONOMIC HISTORY (Storia economica) Di Taranto (2nd year), Palermo (3rd year) E3-EP16a-B ECONOMIC POLICY (Politica economica) Neri (A), Viviani (B), De Santis (C) E2-EFI17-B ECONOMICS AND FINANCIAL INTERMEDIARIES (Economia degli intermediari finanziari) Boido E3-EMBI18-B ECONOMICS AND MANAGEMENT OF BUSINESS INNOVATION (Economia e gestione dell'innovazione aziendale) Pistella 84 Hours Assessment Credits II/1 70 L oe/we 8 II/S 70 L oe/we 8 I 70 L oe/we 4 II/S 70 L oe/we 8 III/S 70 L oe 8 II/S 70L oe/we 6 II-III/F 70 L oe 6 III/1 70 L oe/we 8 II/F 70L oe/we 6 III/S 35 L oe 6 E3-EMIE19-B ECONOMICS AND MANAGEMENT OF INTERNATIONAL ENTERPRISES (Economia e gestione delle imprese internazionali) Ferretti E3-EMPPU20-B ECONOMICS AND MANAGEMENT OF PROVIDERS (OF PUBLIC UTILITY) (Economia e gestione delle imprese di servizi di pubblica utilità) Marcuccio E2-FM21a-B FINANCIAL MATHEMATICS (Matematica finanziaria) Olivieri (A), De Angelis (B), Staffa (C), Foschini (D) E3-HEBO22-B HISTORY OF ENTERPRISE AND BUSINESS ORGANISATION (Storia dell’impresa e dell’organizzazione aziendale) Di Vaio E3-IE23a/b-B INDUSTRIAL ECONOMICS (Economia industriale) Martoccia (A), Scognamiglio (B) E3-ISB24-B INFORMATION SYSTEMS FOR BUSINESS (Organizzazione dei sistemi informativi aziendali) D’Atri E3-ICF25-B INTERNATIONAL CORPORATE FINANCE (Finanza Aziendale Internazionale) Cervellati E3-IE26-B INTERNATIONAL ECONOMICS (Economia internazionale) Manzocchi E3-IM27-B INTERNATIONAL MARKETING (Marketing internazionale) Costabile 85 Year/Sem Hours Assessment Credits III/S 70L oe 8 II/S 70 L oe/we 6 II/F 70 L oe/we 8 III/S 35 L oe 4 III/F 35 L oe 8 III/F 70 L oe 8 III/S 35 L oe 4 III/S 35 L oe 6 III/F 35 L oe 4 Year/Sem E1-ICL28a/b/c/d-B ITALIAN CIVIL LAW (Diritto privato) Pardolesi (A), Conte (B), Di Ciommo (C), Di Gravio (D) E1-IPL29a/b/c/d-B ITALIAN PUBLIC LAW (Istituzioni di diritto pubblico) Montedoro (A), Rossano (B), Lupo (C), Meloni (D) E3-LE30-B LABOUR ECONOMICS (Istituzioni di diritto pubblico) Battisti E3-LL31-B LABOUR LAW (Istituzioni di diritto pubblico) Sciarra E1-Mac32a/b/c/d-B MACROECONOMICS (Macroeconomia) Paciello (A), Bellettini (B), Reichlin (C), Giordani (D) E2-Mac33a/b/c/d-B MACROECONOMICS (Macroeconomia) Petrucci (A), Nisticò (B), Vallanti (C), Reichlin (D) E3-Man34a/b/c-B MANAGEMENT (Economia e gestione delle imprese) Boccardelli (A), Caroli (B), Mele (C) E3-Mar36a/b-B MARKETING (Marketing) Marcati (A), Pirolo (B) E1-M137a/b/c/d-B MATHEMATICS 1 (Matematica – modulo a) Cacciafesta (A), Papi (B), Sbaraglia (C), Castellani (D) 86 Assessment Credits I/2 70 L oe/we 8 I/F 70 L oe 8 III/S 70 L oe/we 6 III/S 70 L oe/we 6 I/1 70 L we 8 II/1 70 L oe/we 8 III/S E2-MICF35-B MANAGEMENT OF INDUSTRIAL AND COMMERCIAL FIRM (Tecnica industriale e commerciale) Barile Hours 70 L oe/we 8 II/2 70 L oe 6 III/F 70 L oe/we 8 I/F 70 L oe/we 8 E1-M238a/b/c/d-B MATHEMATICS 2 (Matematica – modulo b) Cacciafesta (A), Papi (B), Sbaraglia (C), Castellani (D) E1-Mic39a/b/c/d-B MICROECONOMICS (Microeconomia) Spallone (A), Di Cagno (B), Panaccione (C), Conte (D) E3-MFM40-B MONETARY AND FINANCIAL MARKETS (Economia dei mercati monetari e finanziari) Paladino E2-ME41a/b/c-B MONETARY ECONOMICS (Economia monetaria) Di Giorgio (A), Pandimiglio (B) , Campioni (C) E2/3-PF42a-B PUBLIC FINANCE (Scienza delle finanze) Piacentino (A), Emanuele (B) E2-SSM43-B SOCIAL SCIENCE METHODOLOGY (Metodologia delle scienze sociali) Infantino E3-TL44-B TAX LAW (Diritto tributario) Marchetti 87 I/S 70 L oe/we 8 I/F 70 L oe 8 III/S 70 L oe 6 II/S 70 L oe/we 8 II-III/S 70 L oe/we 6/8 II/F 70 oe 6 III/S 70 L oe 8 ▌PREREQUISITES (PROPEDEUTICITA’) FOR ECONOMICS COURSES PREREQUISITES E1-Acc1a/b/c/d-B ACCOUNTING (Ragioneria generale ed applicata) BUSINESS ADMINISTRATION E3-BL3-B BANKING LAW (Diritto bancario) ITALIAN CIVIL LAW E3-BCT6-B BUSINESS CONSULTING TECHNIQUES (Tecnica professionale) BUSINESS METHODS AND RATIOS E2 –BE7-B BUSINESS ECONOMICS (Economia dell’impresa) MICROECONOMICS E2-BL8a/b/c/d-B BUSINESS LAW (Diritto commerciale) ITALIAN CIVIL LAW E2-BMR9-B BUSINESS METHODS AND RATIOS (Metodologie e determinazioni quantitative di azienda) ACCOUNTING E2-BO10a/b-B BUSINESS ORGANISATION (Organizzazione aziendale) ACCOUNTING E2-CF12a/b/c/d-B CORPORATE FINANCE (Finanza aziendale) ACCOUNTING E2-E14-B ECONOMETRICS (Econometria) MACROECONOMICS STATISTICS E3-EP16a/b/c-B ECONOMIC POLICY (Politica economica) MACROECONOMICS E3-EMIE19-B ECONOMICS AND MANAGEMENT OF INTERNATIONAL ENTERPRISES (Economia e gestione delle imprese internazionali) E2-FM21a-B FINANCIAL MATHEMATICS (Matematica finanziaria) ACCOUNTING MATHEMATICS 1-2 88 E3-IE23a/b-B INDUSTRIAL ECONOMICS (Economia industriale) MICROECONOMICS E3-ISB24-B INFORMATION SYSTEMS FOR BUSINESS (Organizzazione dei sistemi informativi aziendali) COMPUTER SCIENCE E3-ICF25-B INTERNATIONAL CORPORATE FINANCE (Finanza Aziendale internazionale) CORPORATE FINANCE E3-IE26-B INTERNATIONAL ECONOMICS (Economia Internazionale) MACROECONOMICS E3-LE30-B LABOUR ECONOMICS (Economia del lavoro) MACROECONOMICS E1-Mac32a/b/c/d-B MACROECONOMICS (Macroeconomia) MICROECONOMICS E3-Man34a-B MANAGEMENT (Economia e gestione delle imprese) ACCOUNTING E2-MICF35-B MANAGEMENT OF INDUSTRIAL AND COMMERCIAL FIRM (Tecnica industriale e commerciale) ACCOUNTING E2-ME41a/b/c-B MONETARY ECONOMICS (Economia monetaria) MACROECONOMICS E2/3-PF42a-B PUBLIC FINANCE (Scienza delle finanze) MACROECONOMICS MICROECONOMICS 89 MASTER’S DEGREES COURSES ▌GENERAL COURSE STRUCTURE Economics and Finance • Banks and Financial Intermediaries • Insurance and Pension Funds • Quantitative Finance and Markets Economics and Business Management • Management • Business Finance • Professional • Marketing • • • • Business Management Business Finance Economics and Management of International Enterprises and Organisations Marketing Management General Management • Management of Innovation • International Business • Business Management for Luxury and Tourism • Finance Please note that Master courses are very advanced and only guest students meeting the following requirements may enrol in such courses: • • • • a bachelor degree or three years of study completed before departure; a very good command of Italian language; the necessary prerequisites; no time-table clashes because attendance of each course is compulsory. Credits: from 4 to 8 depending on the course. Total credits for each degree course: 120 90 Economics and Finance FIRST YEAR Economics and Finance (THE FIRST YEAR IS THE SAME AND COMMON TO THE THREE AREAS OF DEGREE) Fall semester Credits FINANCIAL MARKETS LAW Diritto dei Mercati Finanziari 8 MACROECONOMIC AND INTERNATIONAL FINANCE Macroeconomia e Finanza Internazionale 8 INTERNATIONAL ACCOUNTING STANDARDS Principi Contabili Internazionali 6 MATHEMATICAL METHODS FOR FINANCE Metodi Matematici per la Finanza 8 Learning Activities Credits BUSINESS ENGLISH or INTERNSHIP or SEMINARS Business English opp. Internship opp. Seminario 5 ELECTIVE COURSE Esame a scelta 8 PROJECT WORK Project Work 21 91 FIRST YEAR Banks and Financial Intermediaries/Insurance and Pension Funds Spring semester Credits FINANCIAL DERVIATIVES Derivati Finanziari 8 CORPORATE FINANCE (ADVANCED) Finanza Adiendale (Avanzato) 8 M&A AND INVESTMENT BANKING M&A and Investment Banking 8 MICROECONOMICS FOR FINANCE Microeconomia per la Finanza 8 ELECTIVES* Credits INSURANCE LAW Diritto delle Assicurazioni 8 SOCIAL SECURITY LAW Diritto della Previdenza Sociale 8 * there will be an examination on one of the two. 92 FIRST YEAR Quantitative Finance and Markets Spring semester Credits STOCHASTIC PROCESSES AND FINANCIAL APPLICATIONS Processi Stocastici e Applicazioni Finanziarie 8 CORPORATE FINANCE (ADVANCED) Finanza Aziendale (Avanzato) 8 MICROECONOMICS FOR FINANCE Microeconomia per la Finanza 8 M&A AND INVESTMENT BANKING M&A and Investment Banking 8 93 SECOND YEAR Economics and Finance Fall semester Credits COMPETITION ECONOMICS AND REGULATION Economia della concorrenza e della regolamentazione 8 INTERNATIONAL FINANCE Finanza Internazionale 4 CORPORATE FINANCE (Advanced) Finanza aziendale (corso progredito) 4 FINANCIAL INTERMEDIARIES (Advanced) Economia degli intermdiari finanziari (corso progredito) 6 Learning Activities Credits ELECTIVE COURSE Esame a scelta 4 ELECTIVE COURSE Esame a scelta 8 BUSINESS ENGLISH or INTERNISHIP or SEMINARS Business English opp. Internship opp. Seminari 5 PROJECT WORK Project Work 21 94 Economics and Business Management FIRST YEAR Economics and Business Management THE FIRST SEMESTER IS THE SAME AND COMMON TO THE THREE AREAS OF DEGREE Fall semester Credits BUSINESS ECONOMICS (ADVANCED) Economia dell’Impresa (corso progredito) 8 ECONOMICS AND INTERNATIONAL ENTERPRISES MANAGEMENT Economia e gestione delle imprese internazionali 8 ADVANCED BUSINESS LAW Diritto Commerciale Progredito 8 GLOBAL ECONOMIC POLICIES AND OUTLOOK Prospettive e Politiche Economiche Globali 6 Learning Activities Credits BUSINESS ENGLISH or INTERNISHIP or SEMINARS Business English opp. Internship opp. Seminari PROJECT WORK Project Work 5 21 ELECTIVE COURSE Esame a scelta 8 95 Note: Students that have already passed the examination in Economics and International Enterprises Management for the purposes of the 3-year degree course must replace it with one of the following: BUSINESS PLANNING AND CREATION 8 (Spring semester) Business Planning e Creazione di Impresa MANAGEMENT OF INNOVATION 8 (Fall semester) Gestione dell’Innovazione Aziendale INTERNATIONAL BUSINESS 8 (Fall semester) International Business LUXURY MANAGEMENT 8 (Fall semester) Luxury Management TOURISM MANAGEMENT 8 (Fall semester) Tourism Management 96 FIRST YEAR Management Spring semester Credits QUANTITATIVE METHODS FOR MANAGEMENT Metodi Quantitativi per il Management 8 BUSINESS ORGANISATIONS (ADVANCED) Organizzazione Aziendale (Avanzato) 8 BUSINESS METHODS AND RATIOS Metodologie e Determinazioni Quantitative d’Azienda 8 STRATEGIC MARKETING Marketing strategico 8 Marketing Spring semester Credits QUANTITATIVE METHODS FOR MANAGEMENT Metodi Quantitativi per il Management 8 STATISTICS AND MARKET RESEARCH Statistica e Ricerche di Mercato 8 STRATEGIC MARKETING Marketing Strategico 8 DISTRIBUTION SYSTEMS Sistemi di Distribuzione 8 97 FIRST YEAR Business Finance Spring semester Credits FINANCIAL MATHEMATICS (ADVANCED) Matematica Finanziaria (Progredito) 8 MANAGEMENT CONTROLS (ADVANCED) Controllo di Gestione (Avanzato) 8 CORPORATE GOVERNANCE AND INTERNAL AUDITING Corporate Governance e Internal Auditing 8 M&A AND INVESTMENT BANKING M&A e Investment Banking 8 Professional Spring semester Credits FINANCIAL MATHEMATICS (ADVANCED) Matematica Finanziaria (Progredito) 8 BUSINESS CONSULTING TECHNIQUES Tecnica Professionale 8 BUSINESS APPRAISAL Valutazioni d’Azienda 8 TAX LAW Diritto Tributario 8 98 SECOND YEAR Business Management Fall semester Credits BANKING Tecnica bancaria (Corporate Investment Banking) 8 BUSINESS STRATEGY Strategie d’impresa 8 COMPETITION ECONOMICS AND REGULATION Economia della concorrenza e della regolamentazione 4 INDUSTRIAL MARKETING Marketing industriale 6 Spring semester Credits ENGLISH LANGUAGE Lingua Inglese 5 FINAL DISSERTATION Prova Finale 21 ELECTIVE COURSE Esame a scelta 8 99 SECOND YEAR Business Finance Fall semester Credits BUSINESS STRATEGY Strategia e sistemi di pianificazione (Strategie d’impresa) 8 CORPORATE PROJECT FINANCE Finanza aziendale e di progetto 4 MONETARY AND FINANCIAL MARKETS Economia dei mercati monetari e finanziari 6 SECURITIES AND DERIVATIVES Economia del mercato mobiliare 4 Spring semester Credits ENGLISH LANGUAGE Lingua Inglese 5 FINAL DISSERTATION Prova Finale 21 ELECTIVE COURSE Esame a scelta 8 100 SECOND YEAR Economics and Management of International Enterprises and Organisations Fall semester Credits BUSINESS STRATEGY Strategia e sistemi di pianificazione (Strategie d’impresa) 8 INTERNATIONAL CORPORATE FINANCE (Advanced) Finanza aziendale internazionale (corso progredito) 6 INTERNATIONAL ECONOMIC INSTITUTIONS Istituzioni economiche internazionali 4 INTERNATIONAL RELATIONS Relazioni internazionali 4 JOINT VENTURE AND OTHER FORMS OF CO-OPERATION Joint venture e altre forme cooperative internazionali 4 Spring semester Credits ENGLISH LANGUAGE Lingua Inglese 5 FINAL DISSERTATION Prova Finale 21 ELECTIVE COURSE Esame a scelta 8 101 SECOND YEAR Marketing Management Fall semester Credits INDUSTRIAL MARKETING Marketing Industriale 6 TERRITORIAL MARKETING Marketing Territoriale 4 BUSINESS ORGANIZATION SYSTEMS Sistemi Organizzativi Aziendali 6 BUSINESS STRATEGY Strategie e sistemi di pianificazione (Strategie d’Impresa) 8 Spring semester Credits ENGLISH LANGUAGE Lingua Inglese 5 FINAL DISSERTATION Prova Finale 21 ELECTIVE COURSE Esame a scelta 8 102 General Management Please Note: This course, taught entirely in English, is NOT open to Erasmus students. Foreign students can although enrol as Degree students following the admission procedures as in section 3 of this guide. FIRST YEAR (THE FIRST YEAR IS THE SAME AND COMMON TO THE THREE AREAS OF DEGREE) General Management Fall semester Credits PERFORMANCE MEASUREMENT 8 COMPANY AND BUSINESS LAW 8 GLOBAL MECROECONOMICS 8 QUANTITATIVE METHODS 8 Spring semester Credits MANAGERIAL ECONOMICS 6 CORPORATE FINANCE 8 MARKETING MANAGEMENT 8 STRATEGIC MANAGEMENT 8 103 FIRST YEAR (DDIM) General Management Fall semester Credits PERFORMANCE MEASUREMENT 8 BUSINESS LAW AND INSTITUTIONS 8 GLOBAL MECROECONOMICS 8 QUANTITATIVE METHODS 8 Spring semester PEOPLE MANAGEMENT Credits 6 CORPORATE FINANCE (ADVANCED) 8 MARKETING MANAGEMENT 8 STRATEGIC MANAGEMENT 8 104 General Management SECOND YEAR International Business Fall semester Credits INTERNATIONAL BUSINESS 8 INTERNATIONAL TRADE 8 INTERNATIONAL FINANCE 8 INTERNATIONAL MARKETING 6 Spring semester Credits MASTER THESIS (WITH A PROJECT WORK) 21 BUSINESS ENGLISH 3 ELECTIVES 8 105 General Management SECOND YEAR Management of Innovation Fall semester Credits ECONOMICS OF INNOVATION AND COMPETITIVENESS 6 ENTERPRENEURSHIP AND VC 8 MANAGEMENT OF INNOVATION AND IPR 8 BUSINESS INFORMATION SYSTEMS 8 Spring semester Credits MASTER THESIS (WITH A PROJECT WORK) 21 BUSINESS ENGLISH 3 ELECTIVES 8 106 General Management SECOND YEAR Business Management for Luxury and Tourism Fall semester Credits LUXURY MANAGEMENT 8 TOURISM MANAGEMENT 8 INTERNATIONAL BUSINESS 8 INTERNATIONAL MARKETING 6 Spring semester Credits MASTER THESIS (WITH A PROJECT WORK) 21 BUSINESS ENGLISH 3 ELECTIVES 8 107 General Management SECOND YEAR Finance Fall semester Credits INTERNATIONAL FINANCE 8 M&A AND INVESTMENT BANKING 8 ENTERPRENEURSHIP AND VC 8 ASSET MANAGEMENT 6 Spring semester Credits MASTER THESIS (WITH A PROJECT WORK) 21 BUSINESS ENGLISH 3 ELECTIVES 8 108 ▌DESCRIPTION OF COURSES (Alphabetical Order) Master Courses General Management (NOT OPEN TO ERASMUS STUDENTS) 1 E2-AM1-GM: ASSET MANAGEMENT (NOT OPEN TO ERASMUS STUDENTS) 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 Assessment: Professor: written exam Micillo Textbooks: Brown & Reilly, Investment Analysis and Portfolio Management, International edition (2005) (required); Litterman et al., Modern Investment Management: An Equilibrium Approach (2003) (recommended). 2 E2-BIS2-GM: BUSINESS INFORMATION SYSTEMS (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits The content of the course is not available at the time of publication. Assessment: Professor: oral exam Spagnoletti 3 E1-CBL3-GM: COMPANY AND BUSINESS LAW (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 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 109 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. Assessment: Professor: written exam Bruno Textbooks: Kraakman, Davies, Hansmann, Hertig, Hopt, Kanda, Rock, The anatomy of corporate law. A comparative and functional approach, Oxford University Press, 2004 Cases and materials distributed during the course; Sabrina Bruno, Lectures on fundamental principles of comparative company law (to be downloaded from the site). Materials: cases (to be downloaded from the site); OECD Principles of corporate governance (see www.oecd.org); Italian Code of Best Practice (www.borsaitaliana.it); German Code of Best Practice; English Code of Best Practice; By-laws of major international listed companies (to be downloaded from the site). 4 E1-CF(adv)4-GM: CORPORATE FINANCE (ADVANCED) (NOT OPEN TO ERASMUS STUDENTS) 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: Assessment: Professor: case studies and papers oral and written exam Oriani Textbooks: Berk J., DeMarzo P., Corporate Finance, Pearson International Education, 2007. 110 5 E2-EIC5-GM: ECONOMICS OF INNOVATION AND COMPETITIVENESS (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits The content of the course can be divided into three parts. Part I: macroeconomic analysis of technological change. Main topics: the relationship between technological progress and the performance of the economic system (economic growth and wage inequality). Part II: microeconomic analysis of innovations. Main topics: intellectual property rights protection (IPRs), innovation and market structure, technology diffusion and adoption, uncertainty and innovation, empirical evidence at the firm's level. Part III: the policy perspective. Main topics: the role of public policy in fostering innovation, comparative technology policy in the US and in the EU, the political economy of technological change. Other Activities: Assessment: Professor: case studies and papers written exam Giordani Textbooks: Mainly short articles from recent literature, plus some selected readings from: Freeeman, C. and L. Soete (1997), The Economics of Industrial Innovation, 3rd edition, reprinted 2004), The MIT Press; Jones, C. (2002), Introduction to Economic Growth, 2nd edition, W.W. Norton&Co; Scherer, F. M. (1999), New Perspectives on Economic Growth and Technological Innovation, Washington, DC: The Brookings Institution. 6 E2-EVC6-GM: ENTERPRENEURSHIP AND VC (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits • What is entrepreneurship? Entrepreneurial ideas Entrepreneurial Opportunities Entrepreneurship as a management style Entrepreneurial Strategy: Entry strategies and Competitive strategies The entrepreneurial team and the attraction of resources • • • • • • • What is Venture capital financing and how it can be Venture capital investment process and the key role of the business plan Structuring a Venture capital investment The basic finance of venture capital investment Venture capital valuation method Advanced valuation methods for entrepreneurial ventures The type and role of professional advisors in a Venture capital transaction • • • • • Other Activities: Assessment: Professor: case studies and papers group work Lechner; Oriani 111 Textbooks: Metrick A., Venture Capital and the Finance of Innovation, Wiley, 2007; Sahlman, W., Stevenson, H., Robertson, M., and Bhide, A., The Entrepreneurial Venture, 2nd edition, Harvard Business School press, 1999. 7 E1-GM7-GM: GLOBAL MACROECONOMICS (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits The course analyzes various macroeconomic topics, with emphasis on the open economy. The issues are: economic growth, business cycles, the balance of payments, inflation and economic policy. Other Activities: Assessment: Professor: case studies and papers oral and written exam Zeira Textbooks: The main material for the course will be the class presentations, which will be posted at the course website. In addition to that there is a textbook that accompanies the course and the readings below refer to it: Sachs, Jeffrey D., Larrain, Felipe B., Macroeconomics in the Global Economy, Prentice Hall, New Jersey, 1993. The textbook is highly recommended but is not strictly required. 8 E2-IB8-GM: INTERNATIONAL BUSINESS (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits The course will move through the following major components: • The global economy and the rise of Brazil, India and China; • The emergence of multinational corporations; • International competitive strategy and its determinants; • Firm capabilities and their strategic harnessing, through internal development or through leverage from elsewhere; • Global interfirm networks of production, R&D and logistics, and cluster dynamics as a source of advantage; • Latecomer firms: the processes of resource leverage that enable firms to diversify and enter new markets, and in particular enable latecomer firms to break into advanced industries like semiconductors; • National competitive advantages, particularly as applied to the case of peripheral economies. The course will be presented in ten sessions, in 4-hour blocks. The first two sessions will consist of overviews presented by the course coordinator, establishing the fundamentals of competitive dynamics in the context of global industries, and the processes of internationalization. Each session thereafter will in general consist of an introductory presentation of a chosen case, presented against the background of the Readings, made by a syndicate group, followed by class questions and discussion, and an overview by the course coordinator. After a break, an exercise or case study will generally be set, to be completed within syndicates, who will report back to a plenary on their findings. Alternatively, syndicates will work on their projects, for oral presentation in the final sessions. 112 The class will be formed into SEVEN syndicates (depending on numbers). Group presentations on Readings topics will begin in SESSION 3. Project presentations will be made in Sessions 9 and 10. Individual minor assignments are to be handed in by Session 6 of the course. Group projects are due to be handed in on the day of the Exam. Assessment: Professor: Group project; written and oral exam Mathews Textbooks: The material will be provided during the semester. 9 E2-IF9-GM: INTERNATIONAL FINANCE (NOT OPEN TO ERASMUS STUDENTS) 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. Assessment: Professor: written and oral exam Benigno Textbooks: Bekaert, Geert and Robert Hodrick, 2007, International Financial Management, unpublished manuscript; Sercu, Piet, 2007, International Finance: Putting Theory to Practice, unpublished manuscript. 10 E2-IM10-GM: INTERNATIONAL MARKETING (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits Introduction to international marketing; Analysis of the international marketing environment; Segmenting international markets; Developing international marketing strategies; Entry strategies; Developing and managing the marketing mix in international markets. Assessment: Professor: participation in class, presentation of case studies and final examination Quintano Textbooks: Czinkota M.R., Ronkainen I.A., International Marketing, Harcourt College Publisher; selected readings. 113 11 E2-IT11-GM: INTERNATIONAL TRADE (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits 1 2 3 4 5 6 7 8 Multinationals: What Are They and How Are They Measured? The Multinational Enterprise: an Overview of Theory and Empirical Findings Horizontal Foreign Direct Investment: Product Market Access Vertical Foreign Direct Investment: Input Costs and Factor Prices Determinants of FDI: the Evidence Host Country Effects: Conceptual Framework and the Evidence FDI and the Host Economy: a Case Study of Ireland Home Country Effects of Foreign Direct Investment Assessment: Professor: project work and/or written and oral test Manzocchi Textbooks: Giorgio Barba Navaretti and Anthony J. Venables (eds.), Multinational Firms in the World Economy, Princeton University Press, 2004. Other teaching materials (in particular for Points 3 and 4 of the Program), and the slides of the lectures, will be made available for students. Background Reference (not compulsory for students with some knowledge of International economics) : Paul R. Krugman, Maurice Obstfeld, International Economics, 2006. 12 E2-LM12-GM: LUXURY MANAGEMENT (NOT OPEN TO ERASMUS STUDENTS) 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. 114 Assessment: Professor: written exam Marchesi; Festa Textbooks: This course is based on the following material: 1. Let Them Eat Cake: Marketing Luxury to the Masses - As well as the Classes Pamela Danziger (Jan 1, 2005) 2. The Cult of the Luxury Brand: Inside Asia's Love Affair With Luxury Radha Chadha (Jan 9, 2007) 3. Deluxe: How Luxury Lost Its Luster Dana Thomas (Aug 16, 2007) 4. Trading Up: The New American Luxury Michael Silverstein (Oct 1, 2003) 5. The Affluent Consumer: Marketing and Selling the Luxury Lifestyle Ronald D. Michman, Edward M. Mazze 6. Luxury Fashion Branding: Trends, Tactics, Techniques Uche Okonkwo 7. Luxury Brand Management: A World of Privilege Michel Chevalier, Gerald Mazzalovo 8. Design Management: Using design to build brand value and corporate innovation Brigitte Borja de Mozota, Allworth Press NY, 2003 9. Design Management: Managing Design Strategy, Process and Implementation Kathryn Best, AVA publishing, 2006 10. Course lecture slides (PDF format). 13 E2-M&AIB13-GM: M&A AND INVESTMENT BANKING (NOT OPEN TO ERASMUS STUDENTS) 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. Assessment: written exam, case-article analysis, quizzes Professor: Langer Textbooks: Coursepack of required readings including case studies and pertinent articles to be distributed in class. 14 E2-MIIPR14-GM: MANAGEMENT OF INNOVATION AND IPR (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits The course aims at providing students with a dynamic knowledge of intellectual property (I.P.) rights and managerial opportunities provided by legal protection in terms of competitive advantage for the firm. The course includes a basic introduction to different I.P. rights and it 115 deals with the economic, strategic, and organizational impact of exclusive control rights on technologies and innovation. Assessment: Professor: final, take-home, 48-hour exam Mngnusson, Granieri Textbooks: Students have the chance to chose between the following: Adam Jolly and Jeremy Philpott (eds), A Handbook of Intellectual Property Right Management: Protecting, developing and exploiting your IP assets, London, Kogan Page, 2oo4, ISBN 0-74944223-9; or a hand-out of selected readings edited by the teacher, that can be enriched with class notes. 15 E1-ME15-GM: MANAGERIAL ECONOMICS (NOT OPEN TO ERASMUS STUDENTS) Spring semester; 70 lectures; 7 hrs per week; 8 credits The aim of the course is to provide students with the knowledge and skills necessary to support managerial decision-making. The course will focus on the international dimension of modern managerial economics. It will show how managerial decisions are made, providing references to real world case studies. Lectures will make references to simple economic modelling and to tools and techniques for the estimation of decision models. Typically, lectures will focus on the economic analysis of how Managers take decisions regarding price and output in specific contexts. Other Activities: Assessment: Professor: classroom exercises, presentations written exam Muscio Textbooks: Salvatore D., Managerial Economics in a Global Economy, Oxford University Press South-Western, 6th ed. Articles distributed to students during the course 16 E1-MM16-GM: MARKETING MANAGEMENT (NOT OPEN TO ERASMUS STUDENTS) 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. 116 Assessment: Professor: group and individual assignments and written exam Marcati Textbooks: G. Armstrong & Ph. Kotler, Marketing: An Introduction" (8/e edition), Pearson, 2006 A detailed syllabus and additional materials will be provided at the beginning of the classes. 17 E1-PM17-GM: PERFORMANCE MEASUREMENT (NOT OPEN TO ERASMUS STUDENTS) 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: Assessment: Professor: case studies and papers oral and written exam Fiori Textbooks: 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, 2005. 18 E1-QM18-GM: QUANTITATIVE METHODS (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits Descriptive statistics, basic Hypotheses. Linear models. probability, Other Activities: Assessment: Professor: estimation and confidence intervals. Testing case studies and papers oral and written exam Rinott Textbooks: Berenson, Levine and Krehbiel, Basic Business Statistics concepts and applications, Prentice Hall. 117 19 E1-SM19-GM: STRATEGIC MANAGEMENT (NOT OPEN TO ERASMUS STUDENTS) 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) Other Activities: Assessment: Professor: lectures, seminars, business cases and simulation participation in class discussion, business case competition, oral exam Boccardelli Textbooks: Robert M. Grant, Contemporary Strategy Analysis, 6th edition, Blackwell Publishing; Robert M. Grant, Case to Accompany Contemporary Strategy Analysis, 6th edition, Blackwell Publishing. 20 E2-TM20-GM: TOURISM MANAGEMENT (NOT OPEN TO ERASMUS STUDENTS) Fall semester; 70 lectures; 7 hrs per week; 8 credits The course will focus on the following topics: 1. Tourism, tourists and tourism products. The components of the economic structure of the tourism system. The distribution channel: the main components of the value chain and the distribution of tourism products. 118 2. The strategic competitive forces for the differentiation and increased competitiveness of tourism businesses. 3. Tourism marketing. Features of the marketing of services as applied to tourism. Purchasing behaviour in the tourism industry: the decision-making process of consumers and organisations. 4. The segmentation of tourism demand and positioning. 5. Communication in the tourism industry: evocativeness and concreteness. 6. The evolution and future development of the tourism industry. 7. Technological development and tourism: effects of and prospects for the advent of the digital era in the tourism industry. 8. The internationalisation of tourism. The strategic players in global tourism and tools to access international tourism flows. 9. Destination management: the competitiveness of tourist destinations. Local resources and means of promoting and enhancing destinations. 10. Tourism policy: State, regions, provinces and tourism. Strategies for the promotion and management of tourism by public authorities. Other Activities: Assessment: Professor: lectures, seminars, business cases and simulation participation in class discussion, business case competition, oral exam Lazzerini; Dell’Aglio Textbooks: P.Kotler, J.Bowen, J.Makens, Marketing del Turismo, ed. McGraw Hill, second edition, 2007; Francesco Giordana, La Comunicazione del Turismo tra immagine, immaginario e immigrazione, ed. Franco Angeli, 2008; Mario Grasso, Le imprese di viaggio. Analisi strategica e politiche di marketing per il vantaggio competitivo, ed. Franco Angeli, 6th edition, 2006; Carla Rossi, Il management delle imprese di viaggio e turismo. Strategie e marketing, ed. Franco Angeli, 2008. 119 ▌SUMMARY TABLE OF COURSES MASTER’S DEGREE COURSES Please note that master courses are very advanced and only guest students meeting the following requirements may enrol in such courses: • • • • a bachelor degree or three years of study completed before departure; a very good command of Italian language; the necessary prerequisites; no time-table clashes because attendance of each course is compulsory. Credits: from 4 to 8 depending on the course Total credits for each degree course: 120 Please remember when semesters start: First Year: Fall Semester: Sept- Dec Spring Semester: Mar- Jun Second Year: Fall Semester: Sept- Dec Spring Semester: Mar- Jun oe: we: Key oral exam written exam Year/Sem Assessment Credits 2/F we/oe 8 ECONOMICS AND FINANCE E2-CER1-M COMPETITION ECONOMICS AND REGULATION (Economia della concorrenza e regolamentazione) E2-CF(adv)2-M CORPORATE FINANCE (Advanced) (Finanza aziendale - corso progredito) 2/F 4 E1-CF(adv)3-M CORPORATE FINANCE (Advanced) (Finanza aziendale - corso progredito) 1/S 8 E1-FD4-M FINANCIAL DERVIATIVES (Derivati Finanziari) 1/S 8 E2-FI(adv)5-M FINANCIAL INTERMEDIARIES (ADVANCED) (Economia degli Intermediari finanziari – Corso Progredito) 2/F 120 we/oe 6 E1-FML6-M FINANCIAL MARKETS LAW (Diritto dei Mercati Finanziari) 1/F 8 E1-IAS7-M INTERNATIONAL ACCOUNTING STANDARDS (Principi Contabili Internazionali) 1/F 6 E2-IF8-M INTERNATIONAL FINANCE (Finanza Internazionale) 2/F E1-MIF9-M MACROECONOMIC AND INTERNATIONAL FINANCE (Macroeconomia e Finanza Internazionale) we/oe 4 1/F 8 E1-MMF10-M MATHEMATICAL METHODS FOR FINANCE (Metodi Matematici per la Finanza) 1/F 8 E1-MF11-M MICROECONOMICS FOR FINANCE (Microeconomia per la Finanza) 1/S 8 E1-M&AIB12-M M&A AND INVESTMENT BANKING (M&A and Investment Banking) 1/S 8 1/S 8 E1-SPFA13-M STOCHASTIC PROCESSES AND FINANCIAL APPLICATIONS (Processi Stocastici e Applicazioni Finanziarie) 121 Year/Sem Assessment Credits ECONOMICS AND BUSINESS MANAGEMENT E1-ABL1-M ADVANCED BUSINESS LAW (Diritto Commerciale Progredito) 1/F 8 2/F 8 E2-BA3-M BUSINESS APPRAISAL (Valutazioni d’Azienda) 1/S 8 E1-BCT4-M BUSINESS CONSULTING TECHNIQUES (Tecnica Professionale) 1/S 8 E1-BE(adv)5-M BUSINESS ECONOMICS - ADVANCED (Economia dell’Impresa – corso progredito) 1/F 8 1/S 8 E2-BOS7-M BUSINESS ORGANIZATION SYSTEMS (Sistemi Organizzativi Aziendali) 2/F 6 E1-BO(adv)8-M BUSINESS ORGANISATIONS (ADVANCED) (Organizzazione Aziendale - Avanzato) 1/S 8 E1-BPC9-M BUSINESS PLANNING AND CREATION (Business Planning e Creazione d’Impresa) 1/S 8 E2-BS10-M BUSINESS STRATEGY (Strategie d’Impresa) 2/F 8 2/F 8 E2-B2-M BANKING (Tecnica Bancaria – Corporate Investment Banking) E1-BMR6-M BUSINESS METHODS AND RATIOS (Metodologie e Determinazioni Quantitative d’Azienda) E2-BS11-M BUSINESS STRATEGY (Strategia e Sistemi di Pianificazione – Strategie d’Impresa) 122 E2-CER12-M COMPETITION ECONOMICS AND REGULATION (Economia della Concorrenza e della Regolamentazione) 2/F 4 1/S 8 E2-CPF14-M CORPORATE PROJECT FINANCE (Finanza Aziendale e di Progetto) 2/F 4 E1-DS15-M DISTRIBUTION SYSTEMS (Sistemi di Distribuzione) 1/S 8 1/F 8 E1-FM(adv)17-M FINANCIAL MATHEMATICS - ADVANCED (Matematica Finanziaria - progredito) 1/S 8 E1-GEPO18-M GLOBAL ECONOMIC POLICIES AND OUTLOOK (Prospettive Politiche Economiche Globali) 1/F 6 E2-IM19-M INDUSTRIAL MARKETING (Marketing Industriale) 2/F 6 E1-IB20-M INTERNATIONAL BUSINESS (International Business) 1/F 8 2/F 6 E2-IEI22-M INTERNATIONAL ECONOMIC INSTITUTIONS (Istituzioni Economiche Internazionali) 2/F 4 E2-IR23-M INTERNATIONAL RELATIONS (Relazioni Internazionali) 2/F 4 E1-CGIA13-M CORPORATE GOVERNANCE AND INTERNAL AUDITING (Corporate Governance e Internal Auditing) E1-EIEM16-M ECONOMICS AND INTERNATIONAL ENTERPRISES MANAGEMENT (Economia e gestione delle imprese interazionali) E2-ICF(adv)21-M INTERNATIONAL CORPORATE FINANCE ADVANCED (Finanza Aziendale Internazionale - progredito) 123 E2-JVOFC24-M JOINT VENTURE AND OTHER FORMS OF COOPERATION (Joint Venture e altre forme cooperative internazionali) 2/F 4 E1-LM25-M LUXURY MANAGEMENT (Luxury Management) 1/F 8 E1-MC(adv)26-M MANAGEMENT CONTROLS (ADVANCED) (Controllo di Gestione - Avanzato) 1/S 8 E1-MI27-M MANAGEMENT OF INNOVATION (Gestione dell’Innovazione Aziendale) 1/F 8 E2-MFM28-M MONETARY AND FINANCIAL MARKETS (Economia dei Mercati Monetari e Finanziari) 2/F 6 E1-M&AIB29-M M&A AND INVESTMENT BANKING (M&A e Investment Banking) 1/S 8 E1-QMM30-M QUANTITATIVE METHODS FOR MANAGEMENT (Metodi Quantitativi per il Management) 1/S 8 E2-SD31-M SECURITIES AND DERIVATES (Economia del Mercato Mobiliare) 2/F 4 E1-SMR32-M STATISTICS AND MARKET RESEARCH (Statistica e Ricerche di Mercato) 1/S 8 E1-SM33-M STRATEGIC MARKETING (Marketing Strategico) 1/S 8 E1-TL34-M TAX LAW (Diritto Tributario) 1/S 8 E2-TM35-M TERRITORIAL MARKETING (Marketing Territoriale) 2/F 4 E1-TM36-M TOURISM MANAGEMENT (Tourism Management) 1/F 8 124 Year/Sem Assessment Credits E2-AM1-GM ASSET MANAGEMENT 2/F we 6 E2-BIS2-GM BUSINESS INFORMATION SYSTEMS 2/F oe 8 E1-CBL3-GM COMPANY AND BUSINESS LAW 1/F we 8 E1-CF(adv)4-GM CORPORATE FINANCE (ADVANCED) 1/S we/oe 8 E2-EIC5-GM ECONOMICS OF INNOVATION AND COMPETITIVENESS 2/F we 6 E2-EVC6-GM ENTERPRENEURSHIP AND VC 2/F we 8 E1-GM7-GM GLOBAL MACROECONOMICS 1/F we/oe 8 E2-IB8-GM INTERNATIONAL BUSINESS 2/F we/oe 8 E2-IF9-GM INTERNATIONAL FINANCE 2/F we/oe 8 E2-IM10-GM INTERNATIONAL MARKETING 2/F we/oe 6 E2-IT11-GM INTERNATIONAL TRADE 2/F we/oe 8 E2-LM12-GM LUXURY MANAGEMENT 2/F we 8 E2-M&AIB13-GM M&A AND INVESTMENT BANKING 2/F we 8 E2-MIIPR14-GM MANAGEMENT OF INNOVATION AND IPR 2/F we 8 E1-ME15-GM MANAGERIAL ECONOMICS 1/S we 6 E1-MM16-GM 1/S we 8 GENERAL MANAGEMENT (NOT OPEN TO ERASMUS STUDENTS) 125 MARKETING MANAGEMENT E1-PM17-GM PERFORMANCE MEASUREMENT 1/F we/oe 8 E1-QM18-GM QUANTITATIVE METHODS 1/F we/oe 8 E1-SM19-GM STRATEGIC MANAGEMENT 1/S oe 8 E2-TM20-GM TOURISM MANAGEMENT 2/F oe 8 126 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. Credits: from 4 to 8 depending on the course. Total credits for each degree course: 120 127 Law and Economics FIRST YEAR Law and Economics Fall semester Credits ECONOMIC ANALYSIS OF LAW 8 COMPARATIVE LAW AND ECONOMICS Diritto Comparato 8 QUANTITATIVE METHODS FOR SOCIAL SCIENCES / ECONOMETRICS Metodi quantitativi per le Scienze Sociali/ Econometria 8 Spring semester Credits ANTITRUST LAW AND ECONOMICS (Modules I and II) 8 BEHAVIOURAL ECONOMICSN AND GAME THEORY 8 FINANCIAL MARKETS LAW AND ECONOMICS (Modules I and II) Diritto ed Economia dei Mercati Finanziari (moduli I e II) 4 INDUSTRIAL LAW Diritto Industriale 8 128 SECOND YEAR Law and Economics Fall semester Credits PROPERTY MANAGEMENT RULES AND TECHNIQUES Normative e tecniche di gestione della proprietà intellettuale 8 TECHNOLOGICAL INNOVATION AND DEVELOPMENT Innovazione tecnologica e sviluppo 8 INTERNATIONAL FINANCIAL INSTITUTIONS Istituzioni finanziarie internazionali 8 Two 4-credits elective courses 8 Spring semester Credits One 4-credits elective course 4 TRAINEESHIP (related to the subject of the thesis) Introduzione al lavoro, in relazione all’argomento della tesi 4 GRADUATION THESIS Tesi progettuale 20 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. 129 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. Credits: from 4 to 8 depending on the course Total credits for each degree course: 120 Please remember when semesters start: First Year: Fall Semester: Sept- Dec Spring Semester: Mar- Jun Second Year: Fall Semester: Sept- Dec Spring Semester: Mar- Jun Year/Sem Hours Assessment Credits LE1-ALE1 ANTITRUST LAW AND ECONOMICS (1 and 2) 1/S 30 oe 8 LE1-BEGT2 BEHAVIOURAL ECONOMICS AND GAME THEORY 1/S 30 oe 8 LE1-CLE3 COMPARATIVE LAW AND ECONOMICS (Diritto Comparato) 1/F 30 oe 6 LE1-EAL4 ECONOMIC ANALYSIS OF LAW (Analisi economica del diritto) 1/F 30 oe 8 2/S 30 1/F 30 LAW AND ECONOMICS LE2-IFI5 INTERNATIONAL FINANCIAL INSTITUTIONS - 1 and 2 (Istituzioni finanziarie internazionali – moduli 1 e 2) LE1-QMSSE6 QUANTITATIVE METHODS FOR SOCIAL SCIENCES ECONOMETRICS (Metodi Quantitativi per le Scienze Sociali – Econometria) 130 8 oe 8 LE1-ECM7 ECONOMICS OF CONTRACTS AND MARKETS (Economia dei contratti e dei mercati) 1/I 30 oe 8 LE1-IL8 INDUSTRIAL LAW Diritto Industriale 1/S 30 oe 8 1/S 30 oe 4 2/F 30 oe 8 2/F 30 oe 8 LE1-LEFM9 LAW AND ECONOMICS OF FINANCIAL MARKETS (1 and 2) Diritto ed economia dei mercati finanziari (moduli 1 e 2) LE2-PMRT10 PROPERTY MANAGEMENT RULES AND TECHNIQUES (Normative tecniche di gestione della proprietà intellettuale) LE2-TID11 TECHNOLOGICAL INNOVATION AND DEVELOPMENT (Innovazione tecnologice e sviluppo) 131 ▌THE SCHOOL OF MANAGEMENT The School of Management was established in 1985 with the objective of promoting post-degree, post-diploma and post-experience TRAINEESHIP in the field of management and economics, both in private companies and public administration. The school is currently organised in two sections: ♦ MASTER DEGREE ♦ RESEARCH The Master Degree division runs, among other things, a Master of Business Administration. The course lasts 16 months and full time attendance is obligatory. In-classroom lectures cover the following didactic areas: ♦ ♦ Accountancy Credit and financial intermediaries ♦ Corporate finance ♦ Production systems and technological innovation ♦ ♦ Information systems Quantitative methods for management ♦ Organisational behaviour ♦ ♦ Marketing Strategy ♦ Company law and tax legislation Furthermore, elective courses are also envisaged as is participation in functional and business projects at companies and institutions characterised by their advanced management methods. The overall duration is about 1.200 hours of in-classroom didactic activity. The Research division carries out scientific research either on its own initiative or upon it being commissioned by organisations and/or companies. Please note that the courses of the School are not open to Socrates/Erasmus students or students under others exchange agreements. 132 ▌USEFUL INFORMATION FOR GUEST STUDENTS COST OF LIVING MONEY On January 1st, 2002 the Euro was introduced as legal currency in Italy, substituting the Italian ”Lira”. • Banks – opening hours: Monday to Friday; 8.30 a.m.- 1.30 p.m. and 2.45 p.m. - 3.45 p.m. We suggest that you go to the bank in the morning. If you wish to open a bank account in Italy you will first have to obtain your Codice Fiscale (see n.9 TAXPAYER’S CODE NUMBER). • Credit cards are widely accepted in restaurants, hotels, railway stations and shops. You may use a credit card (Visa, MasterCard, American Express, etc) to cash Euro from Automatic Teller Machines – ATM – available in every bank at all times. Most cards have a limit on the amount of cash which can be withdrawn. We recommend that students bring along a sufficient amount of Euros or travellers cheques to cover immediate necessities (keep in mind that there are considerable delays involved in transferring money to Italy from abroad!). ACCOMMODATION LUISS University has no dormitory facilities. Most Erasmus students live in private apartments with Italian or international roommates in the neighbourhoods nearby the University. The International Relations 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 International Relations 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!). 133 MEALS At the university cafeteria: about 3 € Take-away pizza shops, snack bars: from 5 to 10 € Pizzerie (pizza restaurants), Birrerie (beer houses), fast food, Tavole Calde (Self Service): from 12 up € Trattorie, Ristoranti (restaurants): from about 20 € up. PUBLIC TRANSPORTATION Rome has an integrated public transport network operated by the companies Atac – Cotral – FSFerrovie dello Stato. The system includes a network of metro, bus, tram and metro-type rail service. Bus and tram services (ATAC) cover the centre of the city and the suburbs. They operate from 5.30 a.m. to 12.00 p.m. Night bus service is available from midnight to 5.30 a.m. Night busses are recognized by the number followed by the letter N (notturno). The price of a single ticket, valid for 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’d 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 to the South. Trains circulate from 5.30 a.m. to 11.30 p.m. (until 12.30 a.m. on Saturday). • The one and only changing cross between the two lines is at Termini Station. With the integrated ticket – Metrebus – you may use all means of public transportation within the metropolitan area of Rome. It is valid for up to 75 minutes. The price of a single ticket is 1 €. • A shuttle train called Leonardo Express, leaving every 30 minutes (from 6.37 a.m. to 11.37 p.m.) links Fiumicino International Airport with Termini Central Station. The price of the ticket is 9.5 € for one ride. • A shuttle train called FM1 linea urbana, leaving every 15 minutes (from 6.27 a.m. to 11.27 p.m.) links Fiumicino International Airport with Tiburtina Station. The price of the ticket is about € 5. 134 For information about bus and tram service (ATAC) call the toll-free number 800 43 17 84 (Monday to Friday from 8 a.m. to 6 p.m). All numbers beginning with 800 or 147 or 1670 are tollfree 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 +3906-3570; +3906-3970; +3906-5870; +3906-4994. Car hire - through all the main agencies (AVIS; HERTZ). Bicycle hire - various points in the centre of Rome. BOOKS Average costs for university books are about 260 € per semester. The University bookshop is situated in the main campus, in Viale Pola 72. Students can buy books there at reduced price. LIBRARIES A large number of libraries are located in Rome. The most important libraries are: - LUISS University Library, Via di Santa Costanza 54, 00198. It holds a collection of 100.000 books, including a collection of 1,500 current and past newspapers and magazines. The collection concentrates on economics, law and politics. Opening hours: Monday to Friday 8 a.m. to 8 p.m.; Saturday 8 a.m. to noon. - The Central National Library of Rome (Biblioteca Nazionale Centrale di Roma), Viale Castro Pretorio 105, 00185, tel. +39-06-49891; fax +39-06-4457635, website: http://www.bncrm.librari.beniculturali.it , email [email protected] ) - Biblioteca Universitaria Alessandrina, Piazzale Aldo Moro 5, 00185, tel.+39-06-4474021, email: [email protected] . SHOPPING It is less expensive to buy basic necessities (food, toilet articles, clothes) in large stores or supermarkets, such as GS (Giesse), Standa, UPIM, SMA, SIDIS, etc. than in small shops. Many neighbourhoods hold weekly markets which can be also convenient for buying food. 135 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. • LUISS hosts a weekly cinema night on Mondays from 9 p.m. in the University Hall (Aula Magna) and various entertaining events. Check our websites for events and ask your Italian class mates. • Theatre and Concerts: tickets generally vary between € 15 and 40. Many associations give reductions to students. Tickets at reduced prices are sold at LUISS Guido Carli on a weekly basis. For detailed information call Diritto allo Studio, Viale Gorizia 17, 00198 Roma, tel. +39-06-85225410. The university website has a special link to entertainment and various activities in Rome: www.luiss.it/omnia. SPORTS A few years ago, the Sport Association at LUISS Guido Carli was set up. It offers all students the opportunity of playing various sports (basket, football, rugby, volley, ect.). It also organizes seminars and meetings with special guest speakers. The LUISS basketball team participates in the national championship. For further information students may contact to the Sports Office, Viale Gorizia 17, 00198 Rome, tel.+39-06-85225400, e-mail: [email protected], open from Mondays-Fridays from 10 to 12 a.m., and Monday and Wednesday from 3 to 4 p.m. M I S C E L L A NE O U S 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. 136 PHONE SERVICES The Italian phone network is run by Telecom Italia and various companies (Infostrada, Tele 2, Fastweb). Public phones are run by Telecom, they take coins or Telecom phone cards available at Tabacchis. For mobile phones, if you have a cell phone you can buy a sim card for about 15 € with several companies (TIM; WIND; VODAFONE) and choose your calling plan for the period of your stay. Local calls cost around 20c. per minute. POST OFFICE Post Offices (Poste Italiane, www.poste.it ) are open Monday to Friday 8.30 a.m. to 13.30 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 For information, the best place to make inquiries is E.P.T. - Ente Provinciale Turismo, the regional tourist office. Offices are at Via Parigi 5, near the central station, (Monday to Saturday from 9 a.m. to 7 p.m.) and at Leonardo Da Vinci, 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.0039-06-488991; website: http://www.romaturismo.it, e-mail: [email protected]. If you have an ISIC (International Student Identification Card) you can also find information or book cheap travel plans at CTS- Centro Turistico Studentesco, located in various parts of the city. For info: www.cts.it. 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. 137 ELECTRICITY Electric current in Italy is 220 volts. If students come from the U.K. they will need an adaptor. EMERGENCY NUMBERS In case of emergency call 112 (Carabinieri), 113 (Police), 115 (Fire Brigade), 116 (ACI Road Assistance), 118 (Ambulance). These calls are free. Other emergency numbers can be found in the opening pages of Pagine Gialle. NATIONAL HOLIDAYS January January April April April May June August November December December December 1st 6 12 13 25 1st 2 15 1st 8 25 26 HOLIDAYS IN ROME New Year’s Day Epiphany Easter Sunday (2009) Easter Monday (2009) Liberation Day Labour Day Republic Day Assumption Day All Saints Immaculate Conception Christmas Day Boxing Day June 29 St. Peter and Paul LUISS GUIDO CARLI WEB SITE http://www.luiss.it Information for guest students can be found selecting the English Version of the website and searching in the International Relations section. Search our web site, from time to time. Pages are updated when new information is available. WEB SITES WITH USEFUL INFORMATION ON ITALY AND ROME Italy: http://www.article.student.com http://www.about.com http://goeurope.about.com/weekly/aa980402.htm http://goitaly.about.com/travel/europe/goitaly/ 138 http://www.roughguides.com Rome: http://www.romaturismo.com http://www.romagiovane.it http://www.comune.roma.it http://www.thecity.it/rome 139 ▌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 International Relations 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 on line) 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 two levels, intermediate and advanced. No provision is made for beginners. 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 a few courses in English. The final list will be available at the beginning of classes. 140 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 INTERNATIONAL RELATIONS OFFICE Dr. Annamaria A. Ricciardi Mrs. Anna Liguori Dr. Anna Pellegrino Dr. Raffaella De Felice Viale Romania, 32 00197 Rome - Italy Tel. +39-06-85225727/722 Fax +39-06-85225505 E-mail [email protected] Web site http://www.luiss.it Available for students: From Monday to Friday Tuesdays and Thursdays 10.00-12.00 3.00-4.00 Dr. Annamaria A. Ricciardi is available: Monday to Friday 11.00-12.00 Tuesdays and Thursdays 3.00-4.00 141 ▌2009-2010 ACADEMIC CALENDARS The Academic Calendars for the year 2009-2010 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 2009-2010 May 31, 2009 (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, 2009 (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, 2009 (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, 2009 (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. 142 ▌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 A B C D E F LUISS Guido Carli Grades 30 29 28 26 23 < e lode - 30 / 27 / 24 / 18 18 Average % of successful students normally achieving the grade 5 % / 10 % 20 % 30 % 25 % 10 % / 143 ▌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 International Relations 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 600 € per course for Bachelor subjects and 1.000,00 € per course for Master subjects; 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 a few courses in English are offered each year. Your level of Italian should be adequate (at least at an intermediate level) because no provision is made for beginners. ◊ Italian language courses ►Do you offer Italian language courses? Who can apply? Each year, LUISS offers intensive Italian language courses in September and extensive courses in both semesters. These courses are both at 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 September course will have to take a written test before arrival (the deadline for reception of the test is July 1, 2009). 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). 144 ◊ 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 from the incoming students (for both I and II semester) from partner Universities. Find out when and where you have to apply at your Institution. 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 2008-2009 academic year the arrival dates are: Intensive Italian course : 8 September 2008 Bachelor Degrees and Faculty of Law : Fall semester: 25 September 2008 Spring semester: 5 March 2009 Master Degrees – Economics : Fall semester: 25 September 2008 Spring semester: 5 March 2009 Master Degrees – Political Science : Fall semester (second semester - I year courses): 25 September 2008 Spring semester (first semester - II year courses): 5 March 2009 On the set arrival dates the students should go to the International Relations Office at 10.30 a.m. 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. In this case CTS (Centro Turistico Studentesco) 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 one week before the beginning of each semester (it is not easy to find accommodation in Rome). 145 ◊ Cost of living ►How much will I spend in Rome? Housing : the average cost is between € 350 (for a place in a double room) and € 500 (for a single room) a month plus extras (telephone, electricity, heating, etc.). Meals: about 3 € per meal at the University cafeteria. From 5 to 20 € in take-away pizza shops, bars, pizzerie, trattorie, ristoranti. Public transport: the price of a monthly card (tessera intera rete) for all public transport is 30 €. Books: about 260 € 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 the Italian ones: access to the Library, the University Dining Hall, Computer and multimedia facilities, E-mail, Sports, a Medital Form for free emergency medical service and all the extra curricular activities organised for students such as: film shows, conferences, cultural events, concerts, parties, tours, etc. ◊ 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 do not have timetable clashes, because attendance of courses is mandatory. Full-year courses can only be taken by the students that will spend the whole academic year at LUISS. Information about courses can be found in the ECTS brochures in English (www.luiss.it select Ammissione → Study at LUISS) or LUISS online: select “Cattedre Online” for the course catalogues in Italian. ◊ 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 language; the necessary prerequisites; no time-table clashes because attendance of courses is compulsory. 146 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 have picked them, make sure you enrol in a few extra courses. The Faculty of Economics has many optional courses. ◊ Exams and the Italian examination system ►How many courses should I take? The average work load for LUISS students is about 30 ECTS credits per semester, including language courses. Incoming students are advised not to take more than 24 credits. They can take more if their language competence is very good. Information about courses can be found in the ECTS brochures in English http://www.luiss.edu/prospective-students/exchange-students/ects-course-catalogs or LUISS online: Cattedre online, for the course catalogues in Italian. at All guest students must send a Programme of study (learning agreement) 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 International Relations Office by the given deadline. After the deadline it will not be possible to add or change or add 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. 147 ►When can I sit exams? Guest students will be automatically registered for all the examination dates (appelli) for all the courses they have taken. Bachelor Degrees and Faculty of Law - examination periods a. y. 2008-2009 Fall semester: from 7 January to 7 March Spring semester: from 3 June to 25 July Master Degrees – Faculty of Economics - examination periods a. y. 2008-2009 Fall semester: from 7 January to 7 March Spring semester: from 3 June to 25 July Master Degrees – Faculty of Political Science - examination periods a. y. 2008-2009 Fall semester (second semester I year courses): from 7 January to 7 March Spring semester (first semester II year courses): from 3 June to 25 July The exact examination dates are decided by the professors at the end of each semester. They will be published in the notice boards of the three Faculties and in the LUISS web site (LUISS online: cattedre online → write the faculty → write the name of the professor and the title of the course → cerca → online → date esami). Exams can be taken only on the official dates. Please note that NO special examination arrangements can be organised for exchange students. Therefore students should make their travelling arrangements according to the examination periods. ►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 coming to LUISS for the whole academic year or for the second semester will receive the transcripts by mid-September. The examination session ends at the end of July 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. 148 ◊ The International Relations Office ►When can I contact the office? Office hours: Morning: Monday to Friday, from 10.00 a.m. to 12.00 a.m. Afternoon: Tuesdays and Thursdays, from 3 p.m. to 4 p.m. Dr. A. Ricciardi Morning: from Monday to Friday, from 11.00 a.m. to 12.00 a.m. Afternoon: Tuesday and Thursdays, from 3 p.m. to 4 p.m. In the summer, from mid-June to mid-September the Office closes on Friday afternoons. 149 ▌LUISS GUIDO CARLI – AREA MAP LUISS Guido Carli – main campus: Viale Romania,32 Via di S. Costanza,5 Via Parenzo,1 To Viale Romania,32 ← Viale Pola,12 Via Parenzo,11: - Viale Gorizia, 17: Faculty of Law (Lecture rooms, Student Office) - Students Union - Sports Office Viale Pola,12: - Via di S. Costanza, 53: Administrative Offices LUISS Business School - 150 Library Viale Romania,32 (main campus): - THE INTERNATIONAL RELATIONS 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 8 a.m. to 9 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. 151