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Master in Economics

Master in Economics

About the master

The Master in Economics aims to endow its students with advanced training in modern economic theory and methods. The 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. 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 Doctorate in Economics of the University of Turin. We are proud of maintaining an excellent placement record for our graduates, both at the professional and academic level.

Early applications (most welcome): March 31, 2019

Regular applications: June 30, 2019


Introductory courses (3 weeks)

Classes: August 26 - September 13
Exam session: September 17 - September 21

First semester (10 weeks)

Classes: September 16 - November 29
Exam session: December 2 - December 13
Holiday, classes suspended: November 1

Second semester (11 weeks)

Classes: February 10 - April 24
Exam session: April 27 - May 8
Holiday, classes suspended: April 10 - April 14, April 25, May 1


Our Master in Economics graduates follow one of two paths.

Some graduates find positions in the financial sector, the industry, government, or international organizations. Recent inital placements 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, SCS Consulting.

Other graduates pursue a Ph.D. program in Economics. Recent Ph.D. placements include Arizona State University, Georgetown University, LSE Social Policy, LUISS Guido Carli University, Università di Bologna, Università di Torino, University of Pennsylvania, University of Rome Tor Vergata, Univesity of Minnesota – Twin Cities, Warwick University.



Introductory Courses

Mathematics for Economics
Pierpaolo De Blasi

Introductory Statistics
Lorien Sabatino

Mini Courses

Dynamic Macroeconomics
Fabio Bagliano

General Equilibrium Theory
Andrea Gallice

Flavia Coda Moscarola

First Semester

Ignacio Monzon

Luca Gambetti

Econometric Theory I
Francesca Parodi

Optimization for Economics
Claudio Mattalia

Political Economics
Edoardo Grillo

Second Semester

Development Economics
Juan S. Morales

Econometric Theory II
Giovanni Mastrobuoni

Financial Economics
Roberto Marfè

Game Theory
Dino Gerardi

Claudio Campanale

Applied Economics
Ainhoa Aparicio Fenoll

Theory of the Firm
Toomas Hinnosaar

Empirical Industrial Organization
Marit Hinnosaar


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, research assistantships and scholarships.

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

A letter of recommendation written by a faculty member must accompany the application. This letter must be sent directly by the faculty member by e-mail to


The Collegio Carlo Alberto and the UNESCO International Centre for Theoretical Physics (ICTP) welcome applications for the Master’s Program in Economics within the Joint UNESCO-ICTP/Collegio Carlo Alberto Program in Economics. This admission procedure is reserved to outstanding applicants from developing countries that are members of UNESCO.

The program: The master’s program aims at endowing its students with advanced training in modern economic theory and methods. The courses are taught in English by the Collegio Carlo Alberto faculty, recruited from top schools on the international academic job market. Several additional courses taught by visiting professors (including UNESCO-ICTP faculty) are also available to students each year.

Eligibility: Potential candidates must be students with a bachelor’s degree in mathematics, physics or related disciplines.

Financial aid: A number of scholarships are awarded to candidates based on merit.


Turin is one of the main university towns in Italy, hosting both the Università degli Studi and the Politecnico and you will easily access everything that is normally needed for student life. 

You can easily move around using public transport or various bike, motorbike and car sharing services.

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

After considering the cost of your particular Master program and evaluating the possibility of receiving a scholarship or a loan, it is necessary to understand the economic commitment that living in Torino will bring.

An indication of 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

Compared to other Italian cities

  • Milan    € 1.200,00
  • Rome   € 1.100,00
  • Bologna  € 900,00

After the enrollment the secretariat will provide you with some useful contacts to start house hunting in Torino.