Dottorato in ECONOMIA E FINANZA

Primo anno

Attività
Elenco dei corsi/attività 

corso/attività	ore
Mathematical Methods 1 Mathematics for Economics: Topology and Metric Spaces: Definitions and examples. Open and closed set. Convergence of sequences, Cauchy sequences, completeness and compactness. Linear Spaces: Convex sets. Normed linear spaces. Separation Theorem. Functions and mappings: Continuity and hemi upper and lower continuity. Fixed point theorems. Probability theory: Elements of a probability space. Conditional probability, total probability formula, Bayes formula. Independent events. Random variables and their properties. Distribution function and densities function of a random variable. Geometric approach to the conditional expectation. Sequences of random variables. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
Econometrics 1 The linear regression model: 1. Geometric Interpretation of Least-squares: vector spaces and projections. 2. Properties of the Least-squares Projection. 3. The Basic Linear Model; Finite-Sample Results; the Gauss-Markov Theorem. 4. Restricted Least-Squares. 5. Normal Distribution Theory. 6. A Brief Review of Asymptotic Results. 7. The Basic Linear Model; Asymptotic Results. 8. Instrumental Variables. 9. Review of Time Series. 10. Non-Spherical Errors. 11. Generalized Methods of Moments (GMM). Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
Econometrics 2 Principles of Bayesian Inference: Bayesian Inference: Exchangeability and De Finetti’s theorem; Frequentist vs Bayesian. Bayesian Inference: Prior to Posterior; Posterior Predictive Distributions; Choosing a prior distribution. Estimation, hypothesis testing and model choice: Estimation as a decision problem; Credible intervals; Hypothesis testing; Bayes factors. Exchangeability and hierarchical models: Hierarchical models; Regression and linear models; Model selection. Panel Data: 1. Panel Data Models. 2. Estimation of Short T Linear Static Panel Data Models. 3. Estimation of Short T Linear Static Panel Data Models: further extensions. 4. Test of Hypotheses with Panel Data . 5. Estimation of Short T Linear Dynamic Panel Data Models. 6. Estimation of Short T Non-Linear Static and Dynamic Panel Data Models. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
Macroeconomics 2 1. Standard RBC model. Local solutions: linearization, linear rational expectations, introduction to Dynare, model solution, simulation, impulse responses. Empirical: obtaining macro data, extracting cyclical and trend components. Global solutions: recursive form, value function iteration, policy function iteration, off-grid methods. 2. Heterogeneous agent models. Bewley-Huggett-Aiyagari model: stationary equilibrium, transition dynamics, MIT shocks. 3. Nominal rigidities. New Keynesian model: welfare cost of inflation, optimal rate of inflation, optimal monetary stabilization policy, divine coincidence. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
Microeconomics 1 Consumer theory: Preference and choice. Budget constraint and optimal consumption. Demand and comparative statics. The utility maximization program. Walrasian demand and the weak axion of revealed preferences. The expenditure minimization program. Demand, indirect utility and expenditure. Welfare evaluation of economic changes. Production theory: Production sets. Profit maximization and cost minimization. The geometry of costs. Efficient production. Competitive equilibrium and its basic welfare properties: Markets and prices. Welfare Theorems. Pareto optima and social welfare optima. First-order conditions for Pareto optimality. An elementary proof of existence. Applications. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
Microeconomics 2 Static games of complete information: main solution concepts. Existence theorem for a Nash equilibrium. Applications: models of imperfect competition. Dynamic games of complete information. Representation through extensive form and backward induction. Subgame perfection. Introduction to repeated games. Applications: bargaining models, repeated oligopoly. Games of incomplete information and Bayesian equilibria. Applications: first and second-price auctions, revenue equivalence. Dynamic games with incomplete information and perfect Bayesian equilibria. Applications: A model of screening in the labor market, reputational bargaining, political reputation and diplomatic brinkmanship. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
Finance 1 Quantitative finance: The purpose of this course is to provide a formal yet accessible introduction to continuous-time financial mathematics. This course begins with an overview of discrete-time models which are used to introduce the concept of absence of arbitrage, dynamic hedging and pricing. The binomial model will be used as an illustration of the main results. A second part covers basic facts about stochastic processes and introduces Brownian motion, discussing its sample path properties and quadratic variation. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
PhD Forum - I anno PhD students at their first year are expected to develop a research idea and start working on it. They will be asked to present a research question andpreliminary analysis in a daylong event called (first year) Ph.D. Forum, which will take place at the end of the Summer / early October. Tipologia: workshop Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando	6
ROME Ph.D. in ECONOMICS and FINANCE Conference The conference is aimed at providing PhD students in Economics and Finance from LUISS, Tor Vergata University of Rome, and the Rome Economics Doctorate, to share their ongoing research with other PhD colleagues in Rome. The conference program will consist of a keynote lecture, plus two sessions: one for junior PhD students (1st and 2nd year, 20mins), and one for senior PhD students (3rd year or more, 40mins, with discussant). Interested PhD students in Economics and Finance from LUISS, Tor Vergata University of Rome, and the Rome Economics Doctorate, are encouraged to submit an extended abstract (at least 2 pages) Tipologia: workshop Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando	20
Macroeconomics 1 1. Basic principles of dynamic programming: The Principle of Optimality. The Contraction Mapping Theorem and the Bellman Equation. Concavity and differentiability of the value function. First-order conditions. The Euler Equation and the Transversality Condition. An introduction to unbounded returns and recursive preferences. Extension to uncertainty. 2. Foundations of neoclassical growth: The planning program and the Euler equation. Competitive equilibrium and Welfare Theorems. Steady-state equilibrium and transitional dynamics. Technological change, policy and comparative dynamics. 3. Asset prices and consumption: The stochastic Euler equation. Optimal saving, intertemporal substitution and wealth effect. Hall’s random walk theory of consumption. Precautionary saving and prudence. Lucas’ model of asset prices. The Modigliani-Miller Theorem. Government debt and Ricardian Equivalence. Tipologia: workshop Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
Mathematical Methods 2 Probability Theory: Convergence in probability and in law. The (weak) law of large numbers. The characteristic function. Central limit theorem. Multivariate Gaussian distribution. Conditional expectation for the bivariate gaussian. Differential and difference equations: First-order differential equations, Cauchy's Theorem, definitions and examples. Methods of solving: separable variables and linear differential equations. Higher order differential equations and systems of differential equations, stability and Routh's Theorem. Difference equations and systems of difference equations, stability and Schur's Theorem. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
Finance 2 Quantitative finance: The third part analyses the Black-Scholes model market completeness and incompleteness and the fundamental theorems of asset pricing. Finally interest rate models and their applications to interest rate and currency derivatives are discussed. Theoretical content will be complemented by exercise classes and coding sessions. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	30
Crash courses - Mathematics 1 Linear Algebra: Systems of linear equations. Matrix Algebra. Algebra of square ma- trices. Transpose and its properties. Determinant. Groups, fields, vector spaces. Linear independence and basis. Dimension of vector spaces. Linear transformations. Kernels. Scalar products. Cauchy-Schwartz inequality. Eigenvalues, eigenvectors and the characteristic polynomial of a square matrix. Basic properties of eigenspaces. Symmetric, and orthogonal matrices. Positive definite matrices. Projection operators. Cholesky decomposition. Diagonalizable matrices. The spectral theorem. Calculus: Series. The complex numbers. Complex series and the complex exponential. The Euler formula. Differentiability for functions of several variables: examples and counterexamples. The gradient. The Jacobian matrix. The chain rule for differentials. Mixed partial derivative. The Schwartz (Young) theorem. Integration in n dimension. The Fubini theorem. The change of variable formula. Integration using polar coordinates. Differentiation un- der the integral sign. Introduction to differential equations. The Cauchy problem. The L^2 scalar product on R^2, on C[0, 1] and for random variables. Quasiconcave functions. Implicit functions. The contraction mapping principle. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: NO Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	36
Crash courses - Mathematics 2 Optimization: The Taylor polynomial in n-dimensions. The Hessian matrix. Uncon- strained optimization: necessary and sufficient conditions for maxima and minima. Constrained optimization. Lagrangian function and Lagrange multiplier. Introduction to Kuhn-Tucker. The Envelope Theorem. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: NO Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	14
Crash courses - Statistics Brief review of probability: Random samples and asymptotic methods. Sampling and sums of random variables. Laws of large numbers and central limit theorem. Principles of Data Reduction: Sufficiency. The Likelihood Principle: The Likelihood Function Point Estimation. Methods of Finding Estimators: Methods of Moments. Maximum Likelihood Estimators. Finite Sample Properties: Unbiasedness and Efficiency. Asymptotic Properties: Asymptotic Unbiasedness, Consistency and Efficiency. Comparison between estimators: Bayesian estimators. Fisher Information and the Cramer-Rao theorem. Confidence Intervals Hypothesis Testing: Methods of Finding Tests: Neyman Pearson lemma. Large sample tests: Likelihood Ratio Tests, Score Test, Wald Test. Methods of Evaluating Tests: the Power Function, Most Powerful Tests. The p-value. Nonparametric Inference Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: NO Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	36

Secondo anno

Attività
  Elenco dei corsi/attività 

corso/attività	ore
Advanced Game Theory These lectures aim at revisiting the standard approach to several strategic settings in which players’ information is imperfect and/or incomplete. We will first present the relevant solu- tion concepts for extensive form games, and then analyze the scenario in which players may have some commitment power. This allows to cover important issues in incentive theory and mechanism design. Our emphasis will be on economic applications. No background beyond an introductory course in game theory is required. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Behavioral Economics Behavioral economics observes regularities in individual decision-making, documents departures from what classical economic theory predicts, and explains these departures by incorporating psychological insights into economic theories. This course covers recent topics in behavioral economics. The first part includes the analysis of deviations from the standard neoclassical model due to imperfect optimization (i.e., limited attention, limited information, limited computational capacity), bounded self-control (i.e., reference dependence, framing, status quo bias), nonstandard preferences (i.e., social preferences, fairness). In the second part, the course gives some applications of behaviorally motivated policy interventions in specific fields, mostly environmental economics but also public economics, household finance, and others. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Econometrics and Causality One of the central applications of economics is the evaluation of policies and interventions. Causality is important in econometrics because it enables economists to go beyond mere correlations, providing a deeper understanding of how economic variables interact and influence each other. This understanding is essential for making sound economic decisions, designing effective policies, and advancing economic theory. For example, it helps determine whether an increase in the minimum wage directly leads to changes in employment levels. This course delves into advanced topics in causal inference, particularly focusing on 'irregular designs.' Irregular designs represent complex scenarios where the standard assumptions required for estimating causal effects do not apply. Examples of irregular designs include randomized experiments affected by non-compliance, as well as observational studies with unmeasured confounding variables. Additionally, we explore other challenging irregular designs, such as regression discontinuity designs, where treatment assignment relies on specific thresholds, leading to issues of overlap. In the course's second segment, our exploration extends to the realm of spillover effects. Here, we transcend the common assumption of independence between units and investigate how the treatment of one unit may reverberate onto the outcomes of others. We introduce cutting-edge statistical methodologies tailored for estimating spillover or peer-influence effects, particularly within clusters of units or social networks. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Environmental Microeconomics The aim of the course is to introduce the students to the microeconomic analysis of pollution policy. A base model will specifically be presented to address pollution generation and environmental policy design. This model will then be extended in several directions, including (but not limited to) eco-innovation drivers and transboundary/international pollution problems (the latter also featuring a macroeconomic perspective). For the covered topics, a general theoretical analysis will be developed, and then examples of current theoretical and empirical research will be provided. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Experimental Methods in Economics The course introduces experimental methodologies used in economics to investigate economic agents’ characteristics and behaviour, non-standard preferences, and strategic interactions and to test behavioural interventions and policies. The course covers laboratory, field, and survey experiments, and lectures are devoted to discussing the pros and cons of each methodology with a “hands-on-experiments” approach, i.e., via classroom experiments and analysis of selected papers and results. The main goal is to provide the methodological skills required to critically understand experimental research and the basics needed to design and conduct an experiment to answer specific research questions. Prior knowledge of the field is not required; some familiarity with game theory and behavioural economics is helpful, though not essential. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
High-dimensional and Bayesian Econometrics Part 1: 1) Dynamic regression models with many predictors 2) Out-of-sample evaluation 3) Classical methods for large vector autoregressive models (VARs) Part 2: The objective of this module is to introduce students to advanced topics in macroeconometrics to enhance independent research. Examples of active topic of research will be provided during the lectures. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	20
Infrastructures and Growth References (lista parziale) https://www.sciencedirect.com/science/article/pii/S0166046296021485 https://www.sciencedirect.com/science/article/pii/S0166046220303112 https://www.sciencedirect.com/science/article/pii/S0166046221000387 https://research.rug.nl/en/publications/the-history-of-rail-transport https://warwick.ac.uk/fac/soc/economics/research/centres/cage/publications/workingpapers/2023/railways_and_the_european_fertility_transition/ https://sites.socsci.uci.edu/~dbogart/test_researchpage/ https://sites.socsci.uci.edu/~dbogart/test_researchpage/ Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Introduction to Industrial Organization Industrial organisation is the branch of economics that studies the role of imperfectly competitive markets for private and social decisions. The course aims to introduce the students to its fundamental models and results. The course is designed for graduate students who either did not take a course in IO or only took a basic undergraduate IO course. It serves either as a general interest course for those students not wanting to pursue research in IO or as an introduction to more advanced IO courses for those who want to do research in IO. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Signal Extraction and Filtering in Economics The course deals with methods and models for signal extraction and filtering in economics. It sets off with an introduction to time series analysis in the frequency domain. Frequency domain methods focus on the spectral density function of stationary stochastic process. Inferences are based on the periodogram, which is a transformation of the series, based on the discrete Fourier transform, with interesting properties that bring out features of the series and facilitate inference for classes of time series models. The asymptotic properties of the periodogram will be considered and used for estimating the spectrum of a random process. For a given time series model, parametric inferences can be based on a large sample approximation to the true likelihood known as the Whittle likelihood. Our illustrations deal with estimation of ARMA, unobserved component models for trend-cycle analysis, parametric and semiparametric long memory models for stochastic volatility, and high-dimensional factor models. High-dimensional factor models is an approach to high-dimensional time series that plays a pivotal role for signal extraction and forecasting. They are based on a solid representation theory and provide the way of distilling the co-movements in a large set of macroeconomic time series, without incurring in the curse of dimensionality. We conclude with an introduction to the class of locally stationary processes. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	12
course taught by Visiting Professor 1 to be defined on the basis of the Visiting relevant topics Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	12
course taught by Visiting Professor 2 to be defined on the basis of the Visiting relevant topics Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso obbligatorio	12
Bayesian Data Analysis – Computation The course introduces the basic methods for computations based on a posterior distribution. In particular the following topics will be covered: Introduction to Bayesian computation; Basics of Markov chain simulation; Computationally efficient Markov chain simulation. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	6
Business Cycles, Financial Cycles and Economic Policies This course focuses on New Keynesian model with frictions in the real and financial sectors and on the role of fiscal and monetary policies in mitigating business and financial cycle fluctuations. We will consider among others the role of recent unconventional monetary and macroprudential policies as business cycle stabilization devices and monetary and fiscal policy coordination during the Pandemic. As modern economies are increasingly exposed to shocks of large magnitude, the course will also focus on the role of macroeconomic policies in DSGE models subject to rare disaster shocks. We will consider Dynamic Stochastic General Equilibrium (DSGE) models where consumers, firms, banks and the public sector (monetary and fiscal policy) interact in the same economic environment and produce choices in terms of consumption, investment, output and monetary aggregates. Macro models of monetary policy in a DSGE setting typically involve forward-looking behavior. To develop practical research skills students will solve linear rational expectation models using MATLAB. Focussing in particular on the method proposed by King and Watson (1998) we will then solve a larger DSGE model with a banking sector producing the full constellation of financial and monetary spreads as proposed by Goodfriend and McCallum (2007). We consider the macroeconomic effects of unconventional monetary policy, through variation in the composition of central banks.balance sheets, as compared to the conventional monetary transmission mechanism. Tipologia: workshop Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Economics of Migration The course will focus on determinants of migration and its impact on sending and receiving countries, presenting the main theoretical approaches and the recent empirical evidence. Beside the more classical themes, the course will focus on new areas where research is not yet mature. The course will cover the following topics: data and measurement, theories of migration, selection of migrants, the impact of migration on the labour markets and production structure of receiving and sending, impact on fertility and health, immigration and public finance, the political economy of immigration, understanding refugees flows. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	12
Introduction to Economic Complexity This course introduces some elements of Network Theory and discusses some of its economic applications. The first part of the course illustrates the basic mathematical tools for the study of networks, including measures to identify the key players. The second part of the course presents applications of the theory, and looks at comparative economic growth, at conflicts, and at the rôle of networks in the enforcement of sanctions. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Latent Variable Models The course will briefly introduce latent variable models for empirical exercises in economics, finance, and business. We will give an overview of possible specifications of univariate and multivariate latent variable models, with special attention to interpretation and connections with the concept of unobserved heterogeneity. We will mostly focus on latent Markov models with categorical outcomes, but most of the concepts apply in general. The R software for statistical computing will be used throughout. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Incentive Theory This course is centered on a growing literature which extends the traditional theories of incentives and optimal contracting to a competitive framework. Our focus is on strategic approaches. We first provide a methodological introduction, which aims at revisiting the foundations of mechanism design and its recent extensions to competing mechanism games. We next move to competitive settings, covering both moral hazard and adverse selection economies. Hopefully, the lectures will provide new insights to evaluate the effects of financial con- straints due to the combination of agency problems and competition among intermediaries on economic activity and market performances. No background beyond first year graduate microeconomics is required, although familiarity with contract theory and information economics is useful. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, opzionale	18
Poverty and Inequality in the Long Run This course is an introduction to the study of distributional issues in history and today. History offers a vast catalogue of experience from which to learn: radical technological changes, wars, internationalisation and autarchy, economic miracles and development disasters, and every type of policy regime. And only a historical perspective puts us in a position to identify the operation of long-run laws (or, conversely, the role of contingency) in an economy’s evolution. Equally important in understanding and interpreting the literature on poverty, inequality, and living standards is a sure grasp of the technical issues surrounding measurement. Establishing a poverty line that is comparable across very different circumstances is a theoretical and practical challenge, as is estimating a distribution from microdata (today no less than in the past). Alongside the history of inequality, therefore, the course includes an important component devoted to the econometric theory and practice of measurement. Tipologia: workshop Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Statistical Learning The aim of this course is to introduce students to a set of tools for modeling and prediction with complex (long and wide) datasets. This is a recently developed area in statistics and econometrics which blends with parallel developments in computer science, in particular machine learning. The course encompasses a variety of methods, both frequentist and Bayesian, including classical meth- ods for regression and classification; asymptotic approximations vs. resampling methods; model uncertainty and model selection; model averaging; shrinkage estimators; principal components and partial least squares; linear regression smoothers; projection pursuit, generalized additive models, and neural networks; tree-based methods. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Topics in Growth Theory A look at the data; A Horizontal Innovation Model; A Schumpeterian Model; Semi-endogenous Growth; Skill-Biased Technical Change; Factor Income Taxes in the Endogenous and Semi-endogenous Growth Literature. Growth and Volatility. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	12
Topics in Horizontal Mergers A merger is said to be horizontal when involves firms operating in the same industry. Horizontal mergers are one of the main tools adopted by firms to increase their competitiveness. After an initial review of the seminal contributions discussing the forces leading firms to engage in a horizontal merger, the focus will be on cutting-edge research on the role of Competition Policy in evaluating their social impact. The course is designed for those students who already took an undergraduate course in Industrial Organization and are therefore familiar with the main models of market competition and the game theoretical solution concepts under static and dynamic interaction.1 The course prepares the student who wishes to pursue academic research on the topic. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	12
Reading Group_Macroeconomics The macro reading group offers a forum to read, present, and discuss current research in macroeconomics. In each meeting, one of the students presents a paper of their choice, followed by a general discussion. Students from all cohorts are welcome to attend, and more senior students (second-year and above) are encouraged to present their own research projects. By attending the macro reading group, students familiarize themselves with the macro literature, learn how to present and provide constructive feedback, and get inspiration for their own research. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando Reading Group, opzionale	18
Advanced Topics in International Macro-Finance This is an advanced graduate level course in international macroeconomics and finance. The course is targeted to second-year Ph.D. students in economics and focuses on applied theory and empirical stylized facts. The course assumes familiarity with basic theoretical modeling techniques such as dynamic optimization and general equilibrium modeling. Similarly, the course assumes familiarity with basic numerical-method solution techniques and with econometric softwares of your choice (e.g. matlab, python, ...). Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	12
Reading Group_Quantitative Finance and Financial Econometrics Quantitative Finance and Financial Econometrics reading group Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando Reading Group	18
Reading Group_Microeconometrics We plan to discuss published and recent working papers in Microeconometrics and Causal Inference, with a focus on methodological issues and technical challenges often encountered in the field. Ongoing research within our department is also welcome. Our aim is to advance our understanding of current microeconometric methodologies, all within a collaborative and informal setting. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando Reading Group	18
Reading Group_Topics in Political Economy and Labour Economics Discussion on papers recently published in leading economic journals or recent working papers by leading scholars in the field of political economy or labor economics (broadly defined). Papers looking at related topics in historical contexts/using historical data are also welcome. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando Reading Group	18
Text Mining and Document Analysis We will present techniques for analysis of textual data. The course discusses at first data engineering, i.e., how to process text and how to obtain a data matrix from a text corpus. Analysis will involve simple descriptive tools for text corpi, summarisation, keyword extraction. We will then discuss the uses of text corpi in supervised and supervised learning tasks. Specific methods will be discussed for topic modeling and sentiment analysis.Case studies will involve both short (e.g., arising from social media) and longer texts (e.g., newspaper articles). Tipologia: workshop Tipo corso: nazionale Macrosettore: formazione all’imprenditoria Area: umanistica Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Finite mixture models for data classification to be defined Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	12
Monetary Theory 1. Credit: Trust and limited commitment; Intermediating trust: the role of banks; Financial fragility. 2. Money: Commodities as money; Assets as money; The terms of trade; Intermediation. 3. Money: The benchmark model with divisible money; Extensions; The cost of inflation; Liquidity in finance. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	18
Reading Group_Macroeconomics The macro reading group offers a forum to read, present, and discuss current research in macroeconomics. In each meeting, one of the students presents a paper of their choice, followed by a general discussion. Students from all cohorts are welcome to attend, and more senior students (second-year and above) are encouraged to present their own research projects. By attending the macro reading group, students familiarize themselves with the macro literature, learn how to present and provide constructive feedback, and get inspiration for their own research. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando Reading Group, opzionale	18
course taught by Visiting Professor 3 to be defined on the basis of the Visiting relevant topics Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: umanistica Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	12
Rome PhD in Economics and Finance Conference The conference is aimed at providing PhD students in Economics and Finance from LUISS, Tor Vergata University of Rome, and the Rome Economics Doctorate, to share their ongoing research with other PhD colleagues in Rome. The conference program will consist of a keynote lecture, plus two sessions: one for junior PhD students (1st and 2nd year, 20mins), and one for senior PhD students (3rd year or more, 40mins, with discussant). Interested PhD students in Economics and Finance from LUISS, Tor Vergata University of Rome, and the Rome Economics Doctorate, are encouraged to submit an extended abstract (at least 2 pages) Tipologia: workshop Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando	6
Development Economics The course introduces some key topics in Development Economics. It first discusses models with multiple equilibria, where a discrete development effort (a big push) may be required to move the economy away from a low-income, low-growth trap. It then examines the dual structure of labour markets in developing countries and explains migration as a response to the imbalance between different sectors or regions. We shall consider non-ergodic development models, where the long-run growth path of the economy depends on the initial distribution of income and wealth. We shall finally study whether weak states can act as a barrier to economic development. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: SI Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando didattica frontale, corso opzionale	0

Terzo anno

Attività
Elenco dei corsi/attività 

corso/attività	ore
Meeting with the Job Market Candidate Nel periodo del Job Market al Dipartimento DEF i dottorandi possono riservare alcuni slot nell'agenda del candidato. I dottorandi sono incoraggiati ad incontrare gli speaker dei seminari della loro specifica area di ricerca. Questa è un'importante opportunità per prendere confidenza con la procedura del Job Market. Ascoltare e interagire con il candidato al Job Market dà ai dottorandi una prospettiva sul processo di ricerca di un posto di lavoro all'Università ed è utile per capire come presentare in maniera efficace il proprio lavoro e la propria agenda di ricerca di fronte ad un vasto pubblico. Tipologia: workshop Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando La frequenza di questi seminari è vivamente consigliata. I dottorandi ricevono la programmazione per email con anticipo e i pro-memoria il giorno prima.	4
PhD Forum - III anno I dottorandi del III anno devono presentare il lavoro di ricerca durante un incontro annuale chiamato "PhD Forum". I componenti del Collegio di ogni area di specializzazione sono caldamente invitati a partecipare. Queste presentazioni sono importanti per le decisioni in merito all'ammissione all'a.a. successivo. I dottorandi al termine del III anno sono tenuti a presentare il secondo capitolo della tesi con qualche risultato preliminare, o la versione preliminare del terzo capitolo. A ciascun dottorando verranno assegnati uno o più "discussant" (di solito facenti parte del Collegio, ma diversi dall'advisor). Tipologia: workshop Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando (Il Dottorato dura 4 anni).	5
Meeting with the speaker I dottorandi possono riservare alcuni slot nell'agenda del relatore settimanale. I dottorandi sono incoraggiati ad incontrare gli speaker dei seminari della loro specifica area di ricerca. Questa è un'importante opportunità per confrontarsi con esperti della propria area di interesse, soprattutto nel caso in cui in Collegio e Dipartimento ci sono solo uno o due esperti della materia specifica della ricerca. Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: NO Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando confronto con gli esperti	4
Academic Job Market Training Una volta l'anno, un giovane ricercatore del Dipartimento fornisce informazioni su come funziona il Job Market per gli economisti. I dottorandi che decidono di "andare sul mercato" riceveranno una formazione ad hoc (esercitazioni per presentare la ricerca, simulazioni di colloqui). Tipologia: altro Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando incontro formativo (orientamento in uscita)	2
Rome PhD in Economics and Finance Conference The conference is aimed at providing PhD students in Economics and Finance from LUISS, Tor Vergata University of Rome, and the Rome Economics Doctorate, to share their ongoing research with other PhD colleagues in Rome. The conference program will consist of a keynote lecture, plus two sessions: one for junior PhD students (1st and 2nd year, 20mins), and one for senior PhD students (3rd year or more, 40mins, with discussant). Interested PhD students in Economics and Finance from LUISS, Tor Vergata University of Rome, and the Rome Economics Doctorate, are encouraged to submit an extended abstract (at least 2 pages) Tipologia: workshop Tipo corso: internazionale Macrosettore: altro Area: economico-sociale Elevata formazione: SI Verifica finale: NO Lingua: INGLESE Modalità: riconducibile al progetto formativo del Dottorando	6