offered jointly by EIEF and LUISS Rome Masters inEconomics RoME
ROME MASTERS IN ECONOMICS
Why RoME?
A challenging A gateway Advanced two-year graduate to the world’s quantitative program for highly best PhD programs methods applied talented students and a successful to policy issues professional career
A small class, Scholarships A world-class faculty active learning and and fee waiver in an international intense tutoring academic environment
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INDEX
p. 05 Overview of the program p. 06 The partner institutions p. 08 Structure of the program Courses p. 10 People p. 11 Schedule p. 12 H ow to apply to the program Admission and retention requirements Award of degree Fees Scholarships and fee waiver
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Overview of the program
The Rome Masters in Economics (RoME) is a RoME emphasizes diverse research fields and new, challenging, two-year graduate course styles. Teachers are active researchers (Laurea Magistrale), entirely taught in English, with international reputations, including designed for a small group of selected many world-renowned visitors who are students with high drive and potential. It in residence for extended periods. Students gives them the tools to start pursuing high-quality finds a supportive and challenging environment independent research. RoME offers students a comparable to the best master’s programs gateway to PhD programs in the world’s leading around the world. universities, or the foundation for a career as a professional economist in private and public RoME offers a fee waiver and scholarship institutions. covering living expenses to most students, awarded based on merit. RoME is offered jointly by EIEF (Einaudi Institute The entering class will be composed of top for Economic and Finance), a world-class students from around the world. research center created in 2008 by the Bank of Italy, and by LUISS (Libera Università di Studi Sociali), a leading Italian university for social sciences. It is run by two Scientific Directors and monitored by a Steering Committee, which includes three top independent academics.
All RoME courses have a quantitative, analytical and empirical focus and combine rigorous training in advanced techniques of economic analysis with a special attention to applied and policy issues. Class sizes are small. Courses feature intense tutoring and challenging class assignments which combine theoretical, empirical, and policy insights.
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The partner institutions
EIEF and LUISS jointly run the program. RoME students have access to various facilities, including dedicated study rooms.
EIEF is an independent research institute, created in 2008 by the Bank of Italy.
EIEF's produces world-class research in economics and finance and helps reversing Italy’s “brain drain” by attracting leading foreign and Italian scholars abroad to come to Italy. It also aims to strengthen higher education in Italy co-operating with Italian universities.
EIEF adopts the standards of the best international academic departments; its senior researchers have international academic reputation; it has a strong visitors’ program, hosting many world-renowned economists; it recruits its junior researchers in the competitive job market for economists, held each year in the US.
EIEF EIEF is in the EIEF runs a weekly seminar schedule (more than nd 100 seminars per year), and organizes conferences, ranks 2 top 2% workshops, Summer Lectures and advanced short
among all Italian of economic research courses. economic research centers worldwide institution (according (5,500 institutions). Six EIEF researchers have obtained to the RePEc ranking prestigious grants from the European adjusted for faculty size). Research Council, after a highly competitive selection process.
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LUISS is a leading Italian university specialized in social sciences, committed to high quality research and active learning.
LUISS is renowned for his undergraduate courses offered to Italian and foreign students and for LUISS is the About his graduate Schools for professional studies. nd 2 best 86% LUISS has an extensive international network of exchange and joint programs with around Italian private university of LUISS students according to the ranking find an occupation 150 universities from more than 30 countries in recently published by the within one year after the world. The Economics Department of LUISS leading Italian financial graduation. newspaper Il Sole 24 Ore. ranks in the top 4% of all economics departments in Italian universities, according to the latest evaluation by the National Agency for Research Assessment (ANVUR).
LUISS has a privileged relationship with the business sector.
Over 200 companies collaborate with the University to offer students, both undergraduate and graduate, the springboard for a successful professional career.
The Placement & Career Education Office successfully facilitates internships in companies in the private and public sector, organizes career fairs, promotes job contacts and interviews for LUISS students.
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STARTING DATE: beginning of September Structure
DURATION: of the program 2 years
YEAR 2
1st semester MODULES V-VI Asset pricing Two out of: Advanced Macroeconomics (Macro II) Courses Applied Macroeconomics Applied Microeconomics YEAR 1 Experimental & Behavioral Economics 1st semester Economic Policy Workshop MODULES I-II Mathematical Methods 2nd semester MODULE VII Mathematical Statistics Two out of: Microeconomic Analysis (Micro I) Advanced Industrial Organization Economics Workshop (Module II) Public Economics Quantitative Macroeconomics 2nd semester Policy Evaluation MODULES III-IV Economic Policy Workshop Econometric Theory Each of the two academic Macroeconomic Analysis MODULE VIII years is divided into two (Macro I) semesters, and each Preparation of Master’s Thesis semester is divided into Advanced Corporate Finance two modules. (Micro II) Market Law & Regulation Most courses span two consecutive modules. Each Economics Workshop of the first seven modules involves six weeks of teaching, with exams taking place at the end of the module.
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Courses require an active participation might decide to spend the summer working as by students who solve challenging class Research Assistants for the RoME faculty assignments, discuss them with their and writing a Term Paper, under the supervision peers and with the faculty. Students will of their Master's thesis advisor. acquire the tools to pursue independent academic research. The last module is fully devoted to research work conducive to a Master's Thesis, an original The first year will be devoted to basic graduate research piece in the field chosen by the student, course work, the second to more specialized jointly with his or her advisor who helps in courses and research training through a Master's identifying a suitable research topic and oversees thesis that students must submit at the end of the the progress. program. The teaching offer also features short advanced courses given by world-renowned The project of the Master's Thesis, as economists visiting the institutions. well as the Thesis’s preliminary and final drafts, are discussed in public From the second to the seventh module, presentations in front of RoME faculty. course work includes regular workshops, organized around the discussion of To ensure strong peer interaction and timely research-oriented, applied-economics papers completion of the program, exams are held at the as well as policy-oriented papers. The workshops end of each module. help students to learn and to practice the techniques of an academic presentation, and to become acquainted with some of the methodological, empirical and policy issues in different areas of economics.
In the summer between the first and the second year, provided their academic performance is sufficiently strong,students are offered a 4-6 week summer internship at a private or public institution. Alternatively, students
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SCIENTIFIC DIRECTORS People CLAUDIO MICHELACCI and PIETRO REICHLIN
INDEPENDENT MEMBERS OF THE STEERING COMMITTEE
PIERRE-ANDRÉ CHIAPPORI Columbia University LUIGI PISTAFERRI Stanford University ALEH TSYVINSKI Yale University
FACULTY
Francesco Bartolucci Andrea Pozzi Pietro Reichlin Salomé Baslandze Fabiano Schivardi Marco Battaglini Francesco Sobbrio Pierpaolo Benigno Nicola Borri Giancarlo Spagnolo Anton Tsoy Francesco Decarolis Luana Zaccaria Stefano Gagliarducci VISITORS Fausto Gozzi Luigi Guiso Some short courses Werner Güth will be offered Sergei Kovbasyuk Francesco Lippi by regular visitors Marco Lippi including: Brunero Liseo Claudio Michelacci FERNANDO ALVAREZ NANCY QIAN University of Chicago Yale University Luigi Paciello MIKE GOLOSOV ALESSANDRA VOENA Juan Passadore Princeton University University of Chicago Eleonora Patacchini HUGO HOPENHAYN BILL ZAME University of California University of California Franco Peracchi at Los Angeles at Los Angeles Facundo Piguillem GUIDO MENZIO University Giovanni Ponti of Pennsylvania
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Schedule See RoME website for the dates of the current AY
MID Admission JULY Teaching END OF JANUARY Final deadline Start of Module III and VII for applications
MID END OF MARCH JULY End of Module III and VII Acceptance responses and scholarship decisions 3RD WEEK MARCH
END OF START OF Exams Module III and VII NOVEMBER SEPTEMBER Start of Module I and V Applications START OF start being received APRIL 3RD WEEK Start of Module OCTOBER IV END OF
JANUARY End of Module I and V MID Conditional END OF MAY acceptance OCTOBER End of Module IV responses START OF NOVEMBER END OF Exams Module I 4TH W EEK MARCH and V MAY Test at LUISS 2ND WEEK Exams Module IV END OF NOVEMBER MARCH Start of Module II and VI Acceptance JUNE / JULY / responses MID AUGUST and scholarship DECEMBER RA work at EIEF decisions and LUISS; stage in public End of Module II and VI and private institutions; summer courses at EIEF MID 2ND WEEK JULY JANUARY EARLY Test at LUISS END OF JANUARY JUNE Assignment of Master Exams Module II and VI thesis supervisor
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How to apply to the program Admission and retention requirements
Admission to and retention in the program is based ADMISSIONS DECISIONS present the results of the strictly on merit. Family ARE BASED ON: GRE/GMAT test immediately and whose academic profile and income and residence are -- undergraduate grades potential are favorably assessed taken into account in the (especially in relevant decisions concerning are offered na early admission subjects); scholarships. Evaluation to RoME. Promising applicants is continuous, via course -- CV; who initially do not present exams. A minimum grade the GRE/GMAT results can also -- the score on the Graduate point average is required, obtain an early admission, Record Examination (GRE) starting from the third conditioned on presenting a module. General Test (strongly sufficiently high GRE/GMAT encouraged), the GMAT score at a later date. PREREQUISITE score is also accepted; A prerequisite for participating -- letters of reference written Provided applicants meet the by professors who have in the program is an necessary quality requirements, followed the applicant's undergraduate university admission to the program is on a studies closely; degree, with preference for first-come,first-served basis. degrees in Economics, -- scores on a recognized Since RoME is a small Business Administration, English language test program, early application is Engineering, Mathematics, (TOEFL, IELTS...), for strongly encouraged. or Physics. At the start of the applicants whose native program, students should either language is not English; have obtained or be about to Some students might start obtain their undergraduate -- a statement of purpose attending RoME courses, degree. All admissions are and any other additional and later ask to be admitted conditioned on obtaining the information supplied by to the program. Admission undergraduate degree. the candidate; will be granted in case of excellent performance in class -- personal interviews. assignments and exams.
TIMING Students can apply to RoME starting from early December of the year preceding the start of the program. Applicants who
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Award Scholarships Fees of degree and fee waiver For those students who are not offered a fee waiver, Successful completion Students can receive university fees are 11,300 of RoME gives students: a 20,000 euro, two-year euros per year (excluding scholarship (10,000 per regional tax). -- an official Master’s degree year) and/or a full waiver of (Laurea Magistrale), granted the university fees. Other by LUISS students may be admitted to -- a RoME Diploma, granted RoME without funding. When by EIEF and LUISS, certifying applying, students should participation and compliance specify whether they are asking with the requirements of the for financial support and fee program waiver.
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EIEF Contacts Via Sallustiana, 62 00187 Rome / Italy T +39 06 67 90 013 [email protected] Professor Claudio Michelacci: [email protected]
LUISS Viale Romania 32 00197 Rome / Italy T +39 06 85 225 550 [email protected] Professor Pietro Reichlin: [email protected]
For more information visit: www.romemaster.it
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