RoME Master in Economics
- Credits
- 120 ECTS
- Duration
- 2 Years
- Language
- English
- Year
- 2027/2028
The RoME Programme
RoME is a Master's programme in Economics that brings together theory, research, quantitative methods, and data analysis. The key features are:
- Access to top PhD programmes and professional careers at an international level
- Small international classes, active learning, and intensive tutoring
- Scholarships and fee waivers
- A faculty with a strong international reputation, engaged in research activities around the world
Explore all the features of the programme on the RoME website: applications, curriculum, placement and job opportunities, as well as the community of alumni, students, and academic staff.
The Einaudi Institute for Economics and Finance (EIEF)
The Einaudi Institute for Economics and Finance (EIEF) is a research institute founded by the Bank of Italy in 2008. Its international and diverse faculty produces world-class research and teaches on Master's and PhD programmes.
The programme runs over two years and carries 120 credits. In the first year, students build a solid foundation in economic theory, quantitative methods, corporate finance, and market regulation. The second year includes optional courses, internships, and the final thesis.
The Study Plan
Year I 2027/2028
Mathematical Methods in Economics
The course covers fundamental methods in linear algebra, linear and non-linear dynamical systems, and static optimisation. These tools are essential for understanding and developing mathematical models in economics and finance.
Economics Workshop
The workshop focuses on discussing research-oriented articles in applied economics, as well as articles on economic policy. It helps students learn and practise academic presentation techniques while also familiarising them with methodological, empirical, and policy issues across various fields of economics.
Mathematical Statistics
The course introduces the fundamental concepts of statistical inference, with the aim of teaching you how to formulate a real-world problem as a statistical model.
Microeconomic Analysis
The course covers the methods and topics of advanced microeconomic theory, with a particular focus on the choices made by individual economic agents (consumers, firms) and how competitive markets operate.
Market Law and Regulation
The course offers an overview of the regulation of European financial markets, which governs EU equity markets and the players operating in them (issuers seeking capital, investment firms providing intermediary services, trading venues, credit rating agencies, financial analysts, and investment funds).
Econometric Theory
This course equips you with the tools for a thorough understanding of asymptotic theory in classical econometrics, focusing on how to perform estimates and tests in linear regression models with cross-sectional data, and on how to implement basic methods for cross-sectional and time-series data.
Macroeconomic Analysis
The course covers the concepts and methods of macroeconomic theory, with a focus on consumption, asset pricing, economic growth, and equilibrium unemployment.
Advanced Corporate Finance
The course explores the Modigliani–Miller model and how agency problems influence corporate decisions, as well as advanced capital budgeting techniques, capital structure design, dividend policies, business valuation, and corporate governance. It provides a framework for analysing complex financing and investment decisions.
Year II 2028/2029
Asset Pricing
This course provides an in-depth analysis of financial instruments and investment strategies, with a focus on financial time series data, portfolio theory and practice, equilibrium in capital markets, investment strategies, habit-based models, models with heterogeneous agents, long-term risk models, and cryptocurrencies.
Advanced Financial Economics
This course provides an in-depth analysis of market efficiency; externalities; public goods; education; healthcare; social security (pensions); optimal tax theory; tax incidence; income inequality; and redistribution.
3 optional courses
A distinctive elective course chosen from:
List of Core Courses
Applied Microeconomics
The course explores techniques and issues relating to the heterogeneity of firms, using empirical methods grounded in economic theory. It focuses on industry dynamics, productivity, and the estimation of production functions. This approach provides cutting-edge tools and explores current debates in business analysis in greater depth.
Advanced Macroeconomics
The course covers topics such as economic growth, economic cycles, monetary and fiscal policy, and international economics. Dynamic general equilibrium models are analysed, and advanced mathematical and econometric techniques are learned.
Additional Credits
Internship
Final Thesis
Total
How applications are assessed
Applications are generally assessed based on academic background, the documentation submitted, and any additional information requested as part of the admissions procedure. The procedure may include:
- standardised tests
- language proficiency certificates
- letters of reference (of which at least one is mandatory)
- personal statements (mandatory)
- selection interviews (once the initial screening stage has been passed).
Who can apply
Admission to the programme is restricted to candidates who hold, or are in the process of obtaining, a valid university degree. The host institution sets out the specific admission requirements and assessment criteria each year.
Admission to and continued enrolment in the programme are generally based on academic merit and on meeting any requirements set out during the course of study.
Entry requirements, application procedures, and deadlines will be published shortly on the dedicated page.
Earning a qualification from the RoME Programme opens up numerous opportunities, both in advanced academic study – leading to a PhD – and in careers within the private and public sectors.
Towards a PhD
Graduate students who have chosen to pursue careers as academic economists have been admitted to doctoral programmes at some of the world’s leading universities. Among those who completed their Master's in 2025 alone, offers of admission came from 16 programmes:
- United States: Columbia University, NYU Stern (Finance), New York University, University of Minnesota, Duke University, Johns Hopkins University, Boston College
- United Kingdom: University College London, University of Oxford, University of Warwick
- Europe: Swiss Finance Institute, University of Zurich, University of Mannheim, Universitat Pompeu Fabra, Sciences Po Paris, Bocconi University
For the 2024 cohort, admissions include the University of Chicago, MIT Sloan (Finance), Yale University, the Kellogg School of Management, Northwestern University, UC Berkeley Haas (Finance), and New York University.
Careers in the private sector and in institutions
Those who have chosen careers in the private sector or within institutions have received offers from financial institutions and consulting firms, public and policy-making bodies, as well as regulatory agencies and central banks. Roles range from consulting to financial analysis, from data analysis to regulatory work, and even to research.
Internships
Over the past 4 years, students on the RoME Master's programme have completed non-academic internships at Accenture, CareerWise, Charles River Associates, the European Central Bank, Heidrick & Struggles, NAC Analytica, Oliver Wyman, Compass Lexecon, and RBB Economics.
Discover the achievements of RoME graduates on the programme website