The Master’s Degree in Economics and Finance offers a qualified and comprehensive education covering a wide range of key areas in finance and economics: the course is designed to provide a solid theoretical and analytical background to understand global markets and contemporary economies. The curriculum explores the major areas of finance, economic theory, macroeconomic and microeconomic policy and covers the study of quantitative methods. It also provides a critical and informed view of global economic dynamics, essential for navigating complex environments and formulating growth strategies.
The Master’s Degree in Economics and Finance is a highly structured two-year course designed to offer students a solid preparation in economic theory and financial analysis. In the second year, students can choose a specialisation in areas such as Finance, Applied Economics, Banking and Financial Intermediation, or join an exclusive path developed in collaboration with the Einaudi Institute for Economics and Finance (EIEF), known as the RoME Masters in Economics.
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Title
Accordion Group
Study Title
Major: Finance
Lingua
English
Tables
Duration
1st Year 2025-2026
Label Credits
CFU
Rows
Title
Financial Economics
Description
This course provides an advanced analysis of asset pricing theory, financial instruments, and investment strategies.
Credits
8
Title
Mathematical Methods for Economics
Description
The course provides basic methods in linear algebra, linear and nonlinear dynamical systems, static optimization. These tools are essential to understand and develop mathematical models in economics and finance.
Credits
8
Title
Blockchain Technology and Fintech
Credits
4
Title
Probability
Description
In the probabilistic field, we encounter cases where there is a noise, or disturbance, which prevents perfect identification of the variables involved. This course provides the skills to understand and develop models of random phenomena.
Credits
6
Title
Financial Markets Regulation
Description
The course provides an overview of European financial market regulation and market players (issuers seeking capital/financial sources, investment firms providing brokerage services, trading venues, rating agencies, financial analysts, and investment funds).
Credits
6
Title
Econometric Theory
Description
This course provides the tools for a thorough understanding of asymptotic theory in classical econometrics, focusing on how to perform estimation and testing in linear cross-section regression models and on how to implement basic cross-section and time-series methods.
Credits
8
Title
Asset Management
Description
The course introduces capital market theory and regulation, security analysis, and international investments with portfolio management applications. It also addresses the latest developments in the asset management industry.
Credits
8
Title
Advanced Corporate Finance
Description
The course discusses the Modigliani-Miller model and how agency problems influence business decisions, advanced capital budgeting techniques, capital structure design, dividend policy, firm valuation, and corporate governance. It offers a framework for analysing complex financing and investment decisions.
Credits
8
Title
Ethical Standards and Practices in Finance
Description
The course provides the acquisition of practical methods for maintaining ethical behaviours and professional integrity in investment management, to avoid the loss of reputation and preventing legal actions.
Credits
2
Duration
2nd Year 2026-2027
Label Credits
CFU
Rows
Title
Sustainable Finance
Description
The course focuses on economic and financial theories related to sustainability and ESG factors in the global economy, on their macroeconomic aspects, and on companies adopting sustainable technologies and practices in response to social and environmental challenges.
Credits
6
Title
International Finance
Description
The course covers relationships in currency markets, such as covered and uncovered interest parities; monetary models of the nominal exchange rate following the Mundell-Fleming-Dornbusch model; the micro-founded models of the nominal exchange rate; the economics of liquidity traps and the occurrence of secular stagnations.
Credits
6
Title
Machine Learning
Description
The course covers polynomial and logistic regressions; linear discriminant analysis; cross-validation and the bootstrap; subset selection and model regularization methods (ridge and lasso); tree-based methods, random forests, and boosting; neural, artificial, and convolutional neural networks.
Credits
6
Title
1 Key Course*
Credits
6
Title
2 Elective Courses
Credits
6
Duration
Additional Credits
Label Credits
CFU
Rows
Title
Other Activities
Credits
4
Title
Other activities to be defined
Credits
4
Title
Final Test
Credits
16
Title
Total CFU
Credits
120
Duration
List of Main Courses*
Label Credits
CFU
Rows
Title
Equity Markets & Alternative Investments
Description
This course offers a rigorous and intuitive introduction to equity markets and alternative investments. Topics include IPOs, equity research, investor types, equity follow-ons, debt capital markets, emerging ESG trends, M&A, real assets, structured finance, and the role of hedge funds in financial markets. Performance analysis and various alternative investment strategies are also explored.
Credits
6
Title
Derivatives
Description
This course carries out an in-depth analysis of the main types of derivatives, aiming to differentiate between forward, futures, options, swaps contracts, over the counter vs. exchange traded, initial and maintenance margins, call and put options.
Credits
6
Title
Empirical Finance
Description
The course equips students with tools to analyse financial data, emphasizing time series analysis, volatility modelling, asset return predictability, and event studies. Key topics include GARCH models, risk management, and market microstructure. The course enables students to analyse financial variables and verify theoretical predictions independently using MATLAB.
Credits
6
Study Title
Major: Applied Economics
Lingua
English
Tables
Duration
1st Year 2025-2026
Label Credits
CFU
Rows
Title
Central banking
Description
The course examines the role of central banks, with a focus on monetary policy frameworks, financial stability mechanisms, central bank independence, and the interaction between central banks and financial markets, with a particular focus on the ECB.
Credits
4
Title
Mathematical Methods for Economics
Description
The course provides basic methods in linear algebra, linear and nonlinear dynamical systems, static optimization. These tools are essential to understand and develop mathematical models in economics and finance.
Credits
8
Title
Games and Networks
Description
The course offers a merged view of the theory of the economic environment, with a focus on agents, behavioural economic approaches, games and strategies theories, and the network theory.
Credits
8
Title
Microeconomic Analysis
Description
The course provides the knowledge of methods and topics of advanced microeconomic theory, with a focus on the choices of individual economic agents (consumers, firms), and the functioning of competitive markets.
Credits
8
Title
Market Law & Regulation
Description
The course provides an overview of the European Financial Market Regulation which governs securities markets in the EU and the actors on these markets (issuers seeking capital/funding, investment firms which provide intermediation services, trading venues, rating agencies, investment analysts and investment funds).
Credits
6
Title
Econometric Theory
Description
This course provides the tools for a thorough understanding of asymptotic theory in classical econometrics, focusing on how to perform estimation and testing in linear cross-section regression models and on how to implement basic cross-section and time-series methods.
Credits
8
Title
Macroeconomic Analysis
Description
The course provides notions and methods of macroeconomic theory with a focus on consumption, asset pricing, economic growth, and equilibrium unemployment.
Credits
8
Title
Advanced Corporate Finance
Description
The course discusses the Modigliani-Miller model and how agency problems influence business decisions, advanced capital budgeting techniques, capital structure design, dividend policy, firm valuation, and corporate governance. It offers a framework for analysing complex financing and investment decisions.
Credits
8
Duration
2nd Year 2026-2027
Label Credits
CFU
Rows
Title
Machine Learning
Description
The course covers polynomial and logistic regressions; linear discriminant analysis; cross-validation and the bootstrap; subset selection and model regularization methods (ridge and lasso); tree-based methods, random forests, and boosting; neural, artificial, and convolutional neural networks.
Credits
6
Title
Advanced Public Economic
Description
The course provides an in-depth analysis of the following topics: market efficiency; externalities; public goods; education; health care; social security (pensions); optimal tax theory; tax incidence; income inequality and redistribution.
Credits
6
Title
Advanced Financial Economic
Credits
6
Title
1 Key Course
Credits
6
Title
1 Elective Course
Credits
6
Duration
Additional Credits
Label Credits
CFU
Rows
Title
Learning Innovation Activities
Credits
2
Title
Other Activities
Credits
4
Title
Other activities to be defined
Credits
4
Title
Final Test
Credits
16
Title
Total CFU
Credits
120
Duration
List of Key Courses (the list may be subject to variations)
Label Credits
CFU
Rows
Title
Experimental and Behavioural Economics
Description
The course offers an alternative data collection method, explicitly designed to address specific research questions. As the ability to control unwanted influences and unobserved phenomena is complex, the course discusses the limits of our ability to construct an ideal social science experiment.
Credits
6
Title
International Finance
Description
The course covers relationships in currency markets, such as covered and uncovered interest parities; monetary models of the nominal exchange rate following the Mundell-Fleming-Dornbusch model; the micro-founded models of the nominal exchange rate; the economics of liquidity traps and the occurrence of secular stagnations.
Credits
6
Title
International Trade and Commercial Policies
Description
The course analyses some of the contemporary international economic issues, and introduces the modern theory of multinational enterprise (MNE), with a focus on the way it works, and the consequences of multinational activities for trade, FDI, jobs, and development.
Credits
6
Study Title
Major: Banche e intermediari finanziari
Lingua
Italiano
Plan Details
The course offers an introduction to the fundamental methodologies employed in linear algebra, dynamic systems and optimisation, with a view to developing an understanding of the construction of mathematical models in the field of finance.
Tables
Duration
1° Year 2025-2026
Label Credits
CFU
Rows
Title
Metodi matematici per la finanza
Description
The course offers an introduction to the fundamental methodologies employed in linear algebra, dynamic systems and optimisation, with a view to developing an understanding of the construction of mathematical models in the field of finance.
Credits
8
Title
Probabilità e applicazioni alla finanza
Description
The course presents the probabilistic ideas and techniques that are essential for understanding econometric and financial models, recognising the essential elements of probabilistic models and exploiting them in various application contexts.
Credits
6
Title
Finanza aziendale avanzato
Description
The objective of the course is to equip students with the requisite skills to address the typical financial challenges faced by a business (investment selection, WACC calculation, the selection of an optimal financial structure, the valuation of a business and treasury risk management).
Credits
6
Title
Teoria e gestione del portafoglio
Description
This course provide students with the advanced financial analysis tools necessary for the construction and management of an investment portfolio.
Credits
6
Title
Economia dell’Incertezza e dell’Informazione
Description
The aim of the course is to provide the theoretical basics - both traditional and behavioural - for analysing economic choices (both individual and strategic) under conditions of uncertainty, with a focus on financial markets.
Credits
8
Title
Teoria e politica monetaria
Description
The course covers the theoretical foundations of monetary analysis and the interactions between the business cycle, monetary policy and growth. It also deals with the actions of central banks in this regard.
Credits
8
Title
Economia dei mercati finanziari
Description
The course provides an in-depth examination of the fundamental characteristics and operational dynamics of financial markets. Furthermore, the course addresses the theory of intermediation and the functions of financial intermediaries, including management, risk management and regulation. In conclusion, the characteristics of financial instruments traded on financial markets are examined.
Credits
6
Title
Econometria per la Finanza
Description
The course covers quantitative methods of analysing and forecasting economic and financial phenomena through the use of statistical-econometric software, with a focus on: the linear regression model for cross-sectional and panel data; OLS, GLS and IV estimators; time series models (ARMA, ARCH and GARCH); linear stochastic processes; and stationarity.
Credits
10
Title
Ethical standards and practices in finance
Description
The course includes the acquisition of methods to maintain ethical behaviour and professional integrity in investment management in order to avoid reputational damage and avert legal action.
Credits
2
Duration
2nd Year 2026-2027
Label Credits
CFU
Rows
Title
Fintech e Cryptovalute
Description
The course examines how the initial offering of blockchain-based money builds a cryptocurrency, robo-advising, solutions to scalability and efficiency issues, valuation of internet-based companies, smart contracts, and funding through new technologies. It also addresses topics in quantitative finance and financial econometrics for cryptocurrency assets.
Credits
4
Title
Finanza sostenibile
Description
The course focuses on economic and financial theories related to sustainability and ESG factors in the global economy, their macroeconomic aspects and businesses adopting sustainable technologies and practices in response to challenges concerning social and environmental issues.
Credits
6
Title
Diritto dei mercati e degli intermediari finanziari (corso progredito)
Description
The course has the following objectives: to highlight how regulation of the financial sector has developed; to analyse the forms of protection for savers-investors in the provision of financial services; to identify the reasons for certain recent events in the banking-financial sector, as well as the implications of technological innovation in the financial markets.
Credits
6
Title
Economia e gestione degli intermediari finanziari (corso progredito)
Description
The course is organised in 4 parts: Asset & Liability Management, Market Risk, Credit Risk and Operational Risk. It aims to develop a comprehensive knowledge of the main risk management models employed by financial intermediaries.
Credits
6
Title
2 Elective courses
Credits
12
Duration
Additional Credits
Label Credits
CFU
Rows
Title
Other activities
Credits
4
Title
Other activities to be defined
Credits
4
Title
Final Test
Credits
16
Title
Total CFU
Credits
120
Study Title
Major: RoME
Lingua
English
Tables
Duration
1st Year 2025-2026
Label Credits
CFU
Rows
Title
Mathematical Methods for Economics
Description
The course provides basic methods in linear algebra, linear and nonlinear dynamical systems, static optimization. These tools are essential to understand and develop mathematical models in economics and finance.
Credits
8
Title
Economic Workshop
Description
The economic workshop focuses on the discussion of research-oriented, applied economics papers, as well as policy-oriented papers. It helps students learn and practice academic presentation techniques, while becoming familiar with methodological, empirical, and policy issues across various areas of economics.
Credits
4
Title
Mathematical Statistics
Description
The course introduces fundamental concepts of statistical inference. Students learn to model a real-life problem as a statistical model.
Credits
8
Title
Microeconomic Analysis
Description
The course provides the knowledge of methods and topics of advanced microeconomic theory, with a focus on the choices of individual economic agents (consumers, firms), and the functioning of competitive markets.
Credits
8
Title
Market Law & Regulation
Description
The course provides an overview of the European financial market regulation, which governs securities markets in the EU, and of the actors within these markets (issuers seeking capital/funding, investment firms that provide intermediation services, trading venues, rating agencies, investment analysts and investment funds).
Credits
8
Title
Econometric Theory
Description
This course provides the tools for a thorough understanding of asymptotic theory in classical econometrics, focusing on how to perform estimation and testing in linear cross-section regression models and on how to implement basic cross-section and time-series methods.
Credits
10
Title
Macroeconomic Analysis
Description
The course provides notions and methods of macroeconomic theory with a focus on consumption, asset pricing, economic growth, and equilibrium unemployment.
Credits
8
Title
Advanced Corporate Finance
Description
The course discusses the Modigliani-Miller model and how agency problems influence business decisions, advanced capital budgeting techniques, capital structure design, dividend policy, firm valuation, and corporate governance. It offers a framework for analysing complex financing and investment decisions.
Credits
8
Duration
2nd Year 2026-2027
Label Credits
CFU
Rows
Title
Asset Pricing
Description
This course provides an advanced analysis of financial instruments and investment strategies, focusing on financial time series data, portfolio theory and practice, equilibrium in capital markets, investment strategies, habit models, models with heterogeneous agents, long-run risk models, and cryptocurrencies.
Credits
8
Title
Advanced Financial Economics
Description
This course provides an in-depth analysis of market efficiency; externalities; public goods; education; healthcare; social security (pension); optimal tax theory; tax incidence; income inequality, and redistribution.
Credits
8
Title
1 Core Course (choose one from the following list)
Credits
6
Title
3 Elective Courses
Credits
12
Duration
Additional Credits
Label Credits
CFU
Rows
Title
Internship or Project work
Credits
8
Title
Final Thesis
Credits
16
Title
Total CFU
Credits
120
Duration
Core Course List
Label Credits
CFU
Rows
Title
Applied Microeconomics
Description
This course explores techniques and issues related to firm heterogeneity using empirical methods grounded in economic theory. It focuses on industry dynamics, productivity, and the estimation of production functions. Students acquire state-of-the-art tools and insights into current debates in firm analysis.
Credits
6
Title
Advanced Macroeconomics
Description
The course covers topics such as economic growth, business cycles, monetary and fiscal policy, and international economics. Students analyse dynamic general equilibrium models and learn advanced mathematical and econometric techniques.
Credits
6
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Admission procedures and requirements
Admission to the Degree Course in Economics and Finance represents a unique opportunity to join an academic environment of excellence.
Luiss Guido Carli carefully selects its students, guaranteeing high quality services and the best conditions to facilitate their university journey towards personal and professional growth. Our University puts its students at the centre, offering constant support and personalised attention.
Find out all the information you need to take the next admission test and start on your path to academic and professional success.
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International experiences and opportunities
The International Development Office offers a number of programmes for students, which can be accessed depending on the current or future degree course.
Graduates in Economics and Finance will be able to perform highly responsible functions in the economic and financial system, in investment banks, asset management companies, banks and other financial institutions, international organisations and regulatory bodies, central banks, the financial sector and the management of multinational companies.
Graduates in Economics and Finance are also able to work as freelancers in the economic-financial field at the highest level of competence. For the above purposes, the curricula of the specialised degree courses provide for internships in national and international financial institutions, consulting firms, public bodies and regulatory and supervisory authorities. Graduates will be able to carry out professional activities in economic-financial institutions and companies, where they will be mainly involved in economic analysis functions and regulatory aspects as economic systems specialists.
Graduates and employability
The employment rate of Luiss graduates 1 year after graduation is 96%.
The average waiting time between graduation and first job is 1 month. 64% of employed graduates already have an offer before graduating.
10% work abroad.
Luiss has active partnerships with over 500 companies, public and private institutions, and multinationals to offer undergraduates and recent graduates concrete job opportunities.
3,350 placements between internships and jobs in 2023.
2,522 individual Career Guidance meetings.
80 events including 4 Career Days and 336 Employers involved.
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Tuition fees, scholarships and benefits
The single annual fee envisaged for enrolment in the Master’s Degree is €13,600.00 (divided into 3 instalments*) and regional tax.
Luiss offers scholarships and partial or total exemptions from university fees, also thanks to the support of public and private partners. Both male and female students have access to concrete support during their academic career. In addition, the University has entered into agreements with Italian banking institutions to offer flexible financing without collateral.
Luiss welcomes you to a dynamic and stimulating environment with a wide range of cultural, sporting and leisure activities. Live a unique experience, immersed in an international community. Find out more by clicking on the cards.
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Luiss Facilities
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With many facilities across in Rome and Milan, Luiss stands out for its unique architectural spaces and large green study areas.
AS Luiss encourages an active lifestyle by offering sports activities such as yoga and tennis, as well as the possibility of using agreements with gyms and sports centres near the Luiss premises.
The Luiss model promotes the development of students not only through a solid academic education, but also through activities aimed at personal improvement and the development of transversal skills. The Luiss student development offer proposes learning by doing and innovative learning experiences to prepare versatile students ready for the needs of the labour market.
AS Luiss encourages an active lifestyle by offering sports activities such as yoga and tennis, as well as the possibility of using agreements with gyms and sports centres near the Luiss premises.
The Luiss model promotes the development of students not only through a solid academic education, but also through activities aimed at personal improvement and the development of transversal skills. The Luiss student development offer proposes learning by doing and innovative learning experiences to prepare versatile students ready for the needs of the labour market.
Luiss Welcome Desk: support for international students on legal and health issues and orientation in the Italian context.
Title
Experience Luiss
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Luiss welcomes you to a dynamic and stimulating environment with a wide range of cultural, sporting and leisure activities. Live a unique experience, immersed in an international community. Find out more by clicking on the cards.
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Master's Degree in Economics and Finance | Luiss
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Master’s Degree in Economics and Finance at Luiss: advanced training in economic theory, finance and international opportunities.
