Recently, studying economics in Italy has become preferred by many Business Administration and Economics students. Italian universities have attracted with their recent rise in world rankings in the fields of economy, economics, business and finance. Economy is derived from the combination of the Ancient Greek words for “house” and “management”.
Having the 3rd largest economy among the European Union countries, Italy is also the 8th best country globally in terms of quality of life. Italy is the world’s largest wine and olive oil producer; it has an important contribution to the economy and finance both in Europe and in fact globally thanks to cities of international importance such as Milan- the financial and fashion center, and Rome- the capital of Italy with rich history and a strong tourism record.
Moreover, the first known state deposit bank, Saint George Bank, was established in Genoa in 1407. Apart from this, the oldest bank in the world, established in 1472 and still actively serving, is “Banca Monte dei Paschi di Siena”. UniCredit is another worthy mention and it’s among the largest banks in Europe today. Assicurazioni Generali is the world’s second largest income-generating insurance company.
Universities Offering Economics Education in Italy
The department of economics in Italy is among the most advantageous due to its abundance of English education. Compared to other departments, students have a lot of options to study economics and finance in English. Besides this, you can also study economics in Italian. If you think that you are insufficient in the Italian language, you can review our “Italian course” .
Here are some universities where you can study economics in Italy:
World Ranking of Economics & Econometrics in Italy
Italy is at the top of the world in the field of economy. Undergraduate and postgraduate education in Italy is predominantly in English. However, if you want to study in Italian, many universities offer economics education in both Italian and English.
Bocconi Üniversitesi Ekonomi ve Sosyal Bilimler Bölümü, bireylerin para tasarrufunu, tüketimlerini, sağlıklarını ve diğer konuları nasıl düşündüğünü ve karar verdiğini anlamaya odaklanır. Firmalar yeni bir ürün piyasaya sürerken veya hükûmetler yeni ekonomik politikalar tasarlarken, işsizlik ve yoksulluk gibi konuları ele alırken ekonomik ve sosyal bilimler kilit bir unsur olur.
İtalya’da ekonomi okumak denilince akla ilk gelen bu fakülte, yenilikçi çalışma planlarıyla; kişisel davranışların sadece ekonomik faktörler (ne kadar kazanç sağlandığı) açısından değil, aynı zamanda psikolojik özellikler (duygular ve bilişsel sınırların gerçek kararları nasıl şekillendirdiği) ve sosyal normlar (başkalarının davranışları kişinin kararını etkiler).
Bocconi University’s Department of Economics and Social Sciences focuses on understanding how individuals think and make decisions about saving money, their consumption, their health, and other issues. The economic and social sciences are key elements when firms are launching a new product, or governments are devising new economic policies, while addressing issues such as unemployment and poverty.
This faculty comes to mind when discussing studying economics in Italy, with its innovative study plans. Personal behavior is not only in terms of economic factors (how much is gained), but also psychological characteristics (how emotions and cognitive boundaries shape actual decisions) and social norms (the behavior of others influence one’s decision).
What is the Application Procedure and Process?
The bachelor’s degrees at Bocconi University are 3 years, excluding World bachelor’s in business (4 years). For admission, it is necessary to pass the SAT , ATC exam or the university-administered exam consisting of tests such as logic, mathematics, and general ability. As it pertains to language certificates, 6.0 score from IELTS and 89 from TOEFL are required.
Master’s departments at Bocconi University are 2 years. A minimum of 600 is required from GMAT, 6 from IELTS and 89 from TOEFL as a language certificate.
About the Department of Economics Master’s Education
The economics program at the university involves analysis and statistics, economics and social sciences. In the second semester of the first year, students personalize their curriculum with electives in three main areas: general economics, applied economics and econometrics, and quantitative methods.
Main courses in the first year: Advanced mathematics, advanced statistics, advanced econometrics, institutions and social sciences, law and 3 elective courses.
Second year: Students personalize their curriculum with 4 electives related to three main areas: General economics, applied economics, and social and quantitative fields.
Advantages of Studying Economics at Bocconi University
Bocconi University is not only the best in Italy, but also among the best economics universities in the world.
Students have an active social life in Milan, where the university is located.
Thanks to the large library provided by the university, especially rich with economics materials, it is easy for students to access information.
The University’s offerings are extensive: from sports clubs such as football, basketball and water polo to performing arts, yoga and relaxation techniques, it offers a range of courses that help develop confidence, leadership and teamwork skills.
Bocconi University sends approximately 4,000 students abroad through internship and exchange programs and accepts approximately 1,600 students each year. In this way, students become part of the global community.
The university also offers a 3-week summer school opportunity for students to see Milan and the university before coming to graduate, graduate or doctoral studies. They can choose from 7 different course options: digital marketing, economics, entrepreneurship and innovation management, capital and venture capital finance, fashion and design management, international trade and management.
University fees in Italy are quite reasonable compared to other countries. Tuition costs of public universities in Italy range from 156 € to 3500 €. However, Italian state universities allow the student to pay tuition at the lowest price according to their family income. For this, you need to undergo the family income statement evaluation.
In Italy, which is divided into regions, each region has its own scholarship opportunities. There are 20 regions in Italy that can award scholarships according to the income level of the students. Thanks to these scholarships, which are valued between € 2000 – € 5200, students can lead their lives more comfortably and focus on their education. It is also known that there are various scholarship opportunities from the state, university or different institutions based on the success of the student . Some examples of these include:
Study of economics in Italy may be eligible for a scholarship between 2000 € – 5200 € depending on their family income level.
Students can pay their university fees at the lowest price.
Universities can also provide food scholarships to their students.
They can take advantage of the accommodation facilities offered by the university.
Studying Economics in Italy – Accommodation Opportunities
If studying economics in Italy has come to your mind, another question in your mind may be dormitory and accommodation facilities. Almost all universities in Italy have their own accommodation. Thanks to this, you have the option to stay in the dormitory or student houses of the university. However, if you wish, you can enquire the companies that the universities have partnered with, about a place to stay for you. In addition, private dormitory, studio or regular flat, hotel, residence, etc are available. Rest assured that students have many options.
If you are interested in studying economics in Italy, you can contact us. Do not forget to fill in our application form so that we can start your application process immediately, and you will be contacted by an expert team member as soon as possible.