The "Laurea Magistrale in Economics and Finance" (LMEF) is an advanced two-year course that allows students to complete their graduate training in economics and finance. Admission is based upon previous academic performance and knowledge of English. The course is open to students with a three-years undergraduate degree.The purpose of LMEF is to provide students with the tools to analyse economic and financial problems in a rigorous fashion. LMEF prepares students for a professional career in banking, consulting, insurance and financial services, international and public institutions, and research institutes or for pursuing graduate studies in economics and finance. The program is taught entirely in English. Classes are taught by academics from the University of Napoli Federico II and other U.S. and European universities. By the end of the second year, students will have received enough training to undertake independent analysis of many economic and financial problems.Student assessment is based on exams and a final dissertation due at the end of the second year. LMEF students are expected to take 10 exams. The total credits are 120, divided as follows:

·            six core modules (66 credits),

·            four elective modules (24 credits)

·            other training activities (stages, summer schools, training, etc.) (6 credits)

·            the final dissertation (24 credits).

  • Programme Overview





Mathematics for Economics and Finance


Advanced Macroeconomics


Advanced Microeconomics


Law and Economics




Elective 3


Financial Economics


Elective 4


Elective 1


Other training activities  (stages, summer schools,  etc.)


Elective 2


Final dissertation


Total credits


Total credits



  • List of electives (not all electives are offered each year)

·            Economics of Regulation                             Financial Econometrics

·            Banking                                                        Derivatives

·            Economics of Pensions and Insurance        Microeconometrics

·            Market Microstructure                                   Monetary Economics

·            Time Series Econometrics                            International Economics

·            Public Economics                                          Development Economics

·            Labour Economics                                         Auction Theory

·            Industrial Organization                                   Corporate Governance

·            Corporate Finance                                         Household Portfolios

·            Risk Management                                          Banking Regulation

·            Economic Theory


  • International cooperation

LMEF stimulates international cooperation and students' outward and inward mobility. Students are expected to spend one semester in a foreign university during their second year. Current exchange programs include:

·            Johann Wolfgang Goethe- Universität Frankfurt am Main (Germany)

·            Universidad de Alicante (Spain)

·            Universidade Catolica Portuguesa – Lisbon School of Business and Economics (Portugal)

·            Université de Paris 1 – Panthéon Sorbonne (France)

·            School of Business of Yonsei University (South Korea)

·            Bilkent University, Ankara (Turkey)

·            University of Cyprus (Cyprus)

·            Lancaster University (United Kingdom)

·            University of Wollongong (Australia)

LMEF also offers a double degree program with the Universidade Catolica Portuguesa. Italian students who complete this program spend the second year of LMEF at Universidade Catolica Portuguesa and obtain two diplomas: the national Portuguese diploma of MSc in Economics (MSE) and the national Italian diploma of Laurea Magistrale in Economics and Finance (LMEF).

All LMEF courses are offered for credit to qualified foreign students, in accordance with international exchange agreements.

  • Applications

Students holding a degree from an Italian University

Applicants must hold a three-year degree from an Italian University and good command of the English language. During their undergraduate studies they must have successfully obtained the following credits:

  • 10 credits in Accounting (SECS-P07)
  • 10 credits in Business Economics (SECS-P08)
  • 25 credits in Economics (SECS-P01 SECS-P02 SECS-P03 SECS-P05 SECS-P06), of which 10 credits in Microeconomics (SECS-P01) and 10 credits in Macroeconomics (SECS-P01);
  • 5 credits in Economic History (SECS-P12)
  • 10 credits in Statistics, Statistical Economics or Business Economics (SECS-S01)
  • 10 credit in Mathematical Economics (SECS-S06)
  • 25 credits in Law (IUS01, IUS04, IUS05, IUS07, IUS09, IUS10, IUS12), of which at least 5 in Private Law (IUS01).
  • 5 credits in English (L-LIN12)

The application should include the official transcript, and may also include the course outline of subjects that have different denominations then the above-mentioned courses.

Graduates who do not meet the criteria in the above credit list will be examined before admission in the subjects for which they do not hold the minimum number of credits.

Applicants holding a degree from a foreign University

Applicants must hold a degree equivalent to the three-year degree granted by Italian Universities. The degree acceptable for admission is determined by the course Admission Committee. Both EU nationals and non-EU nationals who reside in Italy with a regular work or study permit can apply for admission. For non-resident non-EU nationals, admission is subject to existing visa and immigration regulations.

Selection of applicants

Applicants are selected by the Admission Committee at the end of September of each academic year based on their qualifications. The selection process may include an interview with the applicant (possible by phone or Skype for non-resident applicants).

How to apply

Application must include:

·            Official transcript of his/her undergraduate degree, displaying the overall grade (if applicable), the list of exams taken and their grades (which, if not written in Italian or English, must be accompanied by a sworn English translation).

·            Application form (to be downloaded from the web site).

# Applications must be sent by 30 September to: Segreteria Studenti Area Didattica di Economia Via Cinzia, Monte S. Angelo 80126 Napoli, Italy and to:

# The selection process will start the first week of October.

  • Placement

After completing the LMEF program, about half of the students continue their academic career by enrolling in Ph.D. programs in economics or finance (Princeton, CEMFI, Oxford, London School of Economics, Berkeley, Yale, UCL, MIT, Duke, Northwestern, Pompeu Fabra, Boston University and Toulouse).

Within a year from graduation, all other LMEF students have found jobs in banks (Unicredit, San Paolo-Banca Intesa, Citibank, Deutsche Bank, HSBC, Royal Bank of Scotland), companies (ENEL, Finsiel, IBM, Wind), public-sector or international institutions (Bank of Italy, Italian Treasury, European Commission, Eurostat), financial and rating companies (Pioneer Investments, Pictet, Link Financial, Moody's) and consultancies (KPMG, CRA International, Deloitte Consulting, Ernst & Young).

  • Information

LMEF Secretariat:

Department of Economics, University of Naples Federico II

Monte S. Angelo, Via Cinzia 45, 80126 Napoli, Italy

Ph. +39-081 675309       

Furhter documents: