The Master in Economics endows its students with advanced training in modern economic theory and methods. Courses are taught in English by our faculty recruited from top schools on the international academic job market. In addition to their coursework, master's students interact with the faculty, fellows, and researchers of the Collegio. They have access to the Collegio's facilities and scientific activities, such as seminars, lectures, and doctoral courses.

We are proud of maintaining an excellent placement record for our graduates, both at the professional and academic level. Upon successfully finishing the program the students will be awarded the Master of Arts degree in Economics from the Collegio Carlo Alberto. Master’s graduates can apply for admission to the Vilfredo Pareto Ph.D. program in Economics of the University of Turin.

Applications for 2022-23 are open, click here for more information.


Our Master in Economics graduates follow one of two paths. Some graduates find positions in the financial sector, industry, government, or international organizations. Other graduates pursue a Ph.D. program in Economics.

There were eight graduates in last year’s cohort (2019-2020). Six of them started Ph.D. programs in Economics (Boston College, St.Gallen University, Mannheim University, HEC Paris, Institut Polytechnique de Paris and University of Bologna). The remaining two started jobs at the European Investment Bank (EIB) and at Intesa Sanpaolo Bank.

All six graduates in the 2018-2019 cohort started Ph.D. programs in Economics (Toulouse School of Economics, University of Turin-Collegio Carlo Alberto (x2),  Bocconi University, Swinburne University of Technology and University of Milan).

Recent initial placements from previous cohorts include Banca d'Italia, Compagnia di San Paolo, European Central Bank, Federal Reserve Board, Food and Agriculture Organization (UN), ING Belgium, PricewaterhouseCoopers (PwC), Prodit Engineering, REF-E and SCS Consulting. Recent Ph.D. placements include Arizona State University, Georgetown University, LSE Social Policy, LUISS Guido Carli University, University of Pennsylvania, University of Rome Tor Vergata, University of Minnesota – Twin Cities, Toulouse University and Warwick University.


Applicants for the Master's program in Economics must be university graduates (four or five-year degree). Undergraduates in their last year of studies will also be considered.

Annual tuition fees for the Master's program are € 8,000. Candidates may apply for tuition fee waivers.

Applicants are selected based on their CV and on a letter of recommendation.


Turin is one of the main university cities in Italy, hosting both the University of Turin and the Politecnico di Torino. In Turin you can easily access everything that is needed for student life.

It is easy to move around Turin using public transportation and various bike, motorbike and car sharing services.

Turin is less chaotic than other Italian cities. Thanks to its many parks, it is considered a “green” city. Moreover, Turin is culturally attractive and vibrant thanks to its modern and interactive museums and other cultural institutions.

Finally, the cost of living in Turin is cheap relative to European cities of similar size. Consider the following indicative costs:

* Single room in shared apartment from € 250, all costs included
* Studio from € 450, all costs included
* Food € 250
* Transport € 38 (monthly bus fare)
* TOTAL monthly expenditure: starting from approx. € 600

Similar figures for other Italian cities would be € 1,200 for Milan, € 1,100 for Rome and € 900 for Bologna.
After enrollment, our secretariat can provide you with some useful contacts to start house hunting in Turin.


Introductory Courses

Mathematics for Economics, Pierpaolo De Blasi
Introductory Statistics, Lorien Sabatino

First Semester

Microeconomics, Ignacio Monzón
Macroeconometrics, Luca Gambetti
Econometric Theory I, Christoph Albert
Optimization for Economics, Claudio Mattalia and Luca Regis
STATA, Flavia Coda Moscarola (*)


Dynamic Macroeconomics, Fabio Bagliano
General Equilibrium Theory, Andrea Gallice

Second Semester

Game Theory, Dino Gerardi
Econometric Theory II, Giovanni Mastrobuoni
Advanced Decision Theory, Paolo Ghirardato (*)
Applied Economics, Ainoa Aparicio Fenoll (*)
Life Cycle Models, Francesca Parodi (*)
Financial Economics, Roberto Marfè (*)
Macroeconomics, Claudio Campanale (*)

(*) = Elective courses