ECONOMICS AND MANAGEMENT
COURSE STRUCTURE DIAGRAM WITH CREDITS
Year of study: 1
- 5 CFU - OPTIONAL SUBJECTS
Year of study: 3
- 9 CFU - SUPPLEMENTARY COMPULSORY SUBJECTS
Year of study: 3
- 9 CFU - SUPPLEMENTARY COMPULSORY SUBJECTS
Year of study: 3
- 10 CFU
Examination regulations, assessment and grading
1.The Faculty Council, following the proposal of the competent Course Council, establishes the examination regulations in order to achieve an objective and fair assessment of the appropriate knowledge and skills of the students permitting the prosecution of their academic career.
2. Only enrolled students may be admitted to examinations.
3. Within each exam session, regularly enrolled students can sit as many examinations as they are entitled to through course attendance, in line with degree course programme regulation.
4. By passing examinations or other testing, students acquire the established educational credits.
5. Committee for credit-awarding examinations is appointed by the Faculty Dean and chaired by the official professor in charge of the course or, if established, by the course co-ordinator. Members of academic staff belonging to a similar or the scientific field, or, when necessary, post-graduate students so appointed by the Faculty Board, following fixed criteria may qualify for membership of a Committee. Committee operates with a minimum of at least two members, one of them being the official professor of the course the Committee refers to. If necessary, more than one Committee can simultaneously be working on the same credit-awarding examination, each being chaired by a professor belonging to the same or similar discipline. The President of the Committee records examinations and their results.
6. Results of one examination are expressed as a fraction of 30. In order to pass an examination, a minimum of 18/30 is required. The Committee may unanimously decide for a mention of distinction (lode).
7. The Dean prepares a timetable for credit-awarding examination, in accordance with provisions of the Organizing Regulation of the Faculty.
8. Each course provides students with at least six dates, distributed during the academic year, in which they can take examinations.
9. Examinations performed in oral form are open to the public.
Profile of the programme
The Economics and Management degree course aims to provide students with company management knowledge and skills, according to different fields of application and contexts. It represents a restructuring of previous degree courses, namely, Business Administration, Economics and Finance, Economics and Management and Economics and Marketing degree. The restructuration was carried out in compliance with the new restrictions imposed by Ministerial Decree 270/04. Consequently the Economics and Management degree course inherits, first of all, the common vocation of the previous degree courses. The opportunities offered by previous courses for in-depth study of certain fields of economics have been renewed through the organization of modules. Students must choose the module they mean to pursue when they enrol in the second year of the course. More specifically:
- the Business Administration module aims to prepare professionals with specific skills in company administration, with particular emphasis on management, organization and information systems;
- the Economics and Finance module aims to provide skills in the management of companies operating in financial mediation and financial markets, as well as skills in the financial management of companies operating in other economic sectors;
- the Economics of Internationalization module aims to provide skills and conceptual categories that will enable graduates to work within multinational companies, import-export companies or international organizations;
- the Economics and Marketing module aims to provide the skills necessary to understand, analyze and manage the market policies of public and private, industrial, business and service companies and organizations operating in free market conditions.
The professional expertise that Economics and Management graduates acquire therefore concern directly:
- aspects relating to the management, organization and information systems of companies;
- aspects relating to company financial management;
- some activities relating to companies operating in the international market (or to international organizations);
- the management of market policies of companies and public and private organizations operating in free market conditions.
Therefore Economics and Management graduates can hold various positions of responsibility working for companies in different economic sectors, they can work as freelancers, or hold operational positions in international and non-governmental organizations.
More specifically, Economics and Management graduates - Business Administration module (CLEA) - can enter the profession of chartered accountant, as provided for by Legislative Decree no. 139 of 28 June 2005, as well as that of auditor, as provided for by Legislative Decree no. 39 of 27 January 2010.
They can also hold positions of responsibility in the employment of companies in different economic sectors (agriculture, industry, business, banking, insurance, etc) and in different company functions (accounting, finance, control, personal, business, etc.), they can work as freelancers, or hold operational positions in international and non-governmental organizations. In addition, the Economics and Management graduates who chose the Business Administration module can go on to second cycle studies in business administration.
Economics and Management graduates - Economics and Finance module (CLEF) - can hold positions of responsibility in the employment of companies in different economic sectors and in different company functions, they can work as freelancers, or hold operational positions in international and non-governmental organizations.
Specific examples of career opportunities are: administrative roles within companies, consultant on extraordinary and ordinary company management; operational roles in import-export companies, multinationals and international organizations; operational roles in financial institutions or in the financial management of industrial and business companies; operational roles in the field of management control.
Economics and Management graduates - Economics of Internationalization module (CLEI) - can hold various positions of responsibility in the employment of companies in different economic sectors, they can work as freelancers, or hold operational positions in international and non-governmental organizations. Specific examples of career opportunities are: operative and managerial roles in service companies, import-export companies, and multinational or international organizations; operational and managerial roles in research institutes.
Economics and Management graduates - Economics and Marketing module (CLEM) - can hold positions of responsibility in marketing, sales, communication and logistics in production and distribution companies and companies in the services sector. The multidisciplinary foundation of knowledge developed through the course can also promote professional growth up to senior managerial level.
Specific examples of career opportunities for Economics and Management - Economics and Marketing module (CLAM) - are: operational roles in import-export companies, multinationals or international organizations, strategic and operational roles in consumer marketing and trade marketing, operational roles in the business side of companies (purchasing, sales and logistics), company positions involving planning and implementation of internal/external communication activities and selection of sales channels. Advertising agencies, research institutes and consulting companies are further career opportunities open to Economics and Management - Economics and Marketing module (CLAM).
More specifically, career opportunities for Economics and Management graduates can be the following:
- financial consultant;
- front-office operator in banks;
- marketing manager;
- chartered accountant;
- internal auditor;
- administrative officer;
- labour consultant;
- competition analyst.
For admission to the degree course, students must hold a Diploma from a five-year secondary higher school course, or another qualification attained abroad and recognized as being equivalent, or a Diploma from a four-year secondary higher school course with the respective additional year of study. The methods for the assessment of the knowledge required for admission are specified in the course’s Academic Regulations. If the assessment yields a negative response, additional educational tasks are assigned, to be completed within the first year of the course, according to methods specified in the course’s Academic Regulations.
Key learning outcomes
The degree course in Economics and Management was designed to give students knowledge and comprehension skills in the area of company management, according to various profiles and areas of application. The course in first place provides a robust methodological and practical preparation in the foundation areas of corporate, economic, statistical-mathematical and juridical subjects. The specific skills required from the various professional figures working in business vary according to the respective sector of employment. The degree course in Economics and Management caters for the necessity of training professionals with specific skills in the area of corporate economics, business and finance, economics for service industries and marketing, and international economics.
The course comprises, first and foremost, the study of the following subjects: corporate economics, company accounting and financial statements, economics for financial mediators, company economics and management, micro- and macro-economics, mathematical methods applied to economics, mathematical methods for financial analysis, methods of statistical analysis, the history of economics, and principles of private and business law. The study of these subjects will provide students with an overall cultural grounding. Academic activities will continue in order to provide specific knowledge in certain sectors of business. More specifically: the management of service companies operating under free market conditions, with specific reference to value creation strategies applied to the respective competitive context; the management of multinational companies, or companies involved in import-export work, or the functioning of international organizations. The degree to which the course’s syllabus corresponds to real necessities is constantly assessed with regard to scientific progress in the business and corporate context, and by means of interaction with operators working on the market. Professionals working on the market will specifically be invited to play an active part in academic activities, by means of seminars and case-history descriptions.
Graduates in Economics and Management will be able to take up positions of responsibility as employees in companies in different sectors of the economy and in various corporate functions; they will find employment opportunities in freelance professions; and they will be able to enter operational positions in international and non-governmental organizations.
Specific examples of employment opportunities are: administrative roles in companies, company auditing, and company consultancy in extraordinary and ordinary corporate management operations; operational roles in import-export and multinational companies, or international organizations; operational roles in financial institutions, or in the financial management of industrial and trading companies; operational roles in functions of consumer marketing, trade marketing, procurement, logistics management, sales, external communications and management control; and operational roles in advertising agencies and research institutes.
Knowledge and understanding
At the end of the course, graduates will have attained a solid theoretical and conceptual foundation in the principal subject areas regarding corporate and economics themes, developing an adequate mastery of the essential practical tools utilized in corporate economics, political economics, mathematics applied to economics and finance, statistics, economics for financial mediation, marketing, and private and business law. Graduates will therefore be capable, using adequate tools of research, of understanding and analyzing the functioning of markets, corporate management, business policies, and corporate financial management, including the international dimension.
The acquisition of this knowledge will enable graduates to enter positions of employment directly (in private-sector companies, public-sector organizations, not-for-profit companies and service industries), or to gain admission to Master’s Degree courses in the company economics sector. More specifically, graduates in Economics and Management will have knowledge of:
- the key concepts and scientific language specific to business and corporate subject areas;
- the fundamental mathematical and statistical tools necessary for detecting, measuring and analyzing economic and financial phenomena applying a quantitative approach;
- the fundamental elements of micro-economics and macro-economics, as a tool for managerial decisions, for designing and understanding economic policy, and, more in general, for a correct interpretation of the functioning of economic systems;
- the contents of legislation regarding companies, with particular reference to the Civil Code and the principal legislation linked to this area of law;
- the various types of contracts and companies;
- the fundamental aspects of the financial system, corporate financial structure, the functioning of the capital market, and methods of acquiring and investing financial resources;
- the principal conceptual schemes regarding the definition/understanding of companies’ organizational structure, and their links with corporate strategy;
- methods of planning and implementing strategy at a corporate level, and the techniques used to assess results;
- subjects linked to the configuration and functioning of financial tools, financial mediation and finance markets;
- subjects linked to company marketing policy, with regard both to strategic and practical aspects, and to the international dimensions of business;
- themes regarding the internationalization of companies, with regard to the strategic and operational aspects of multinational companies, and companies involved in import-export activities.
These results, in terms of knowledge and a capacity for comprehension, will be attained by means of the combined application of several educational methods: frontal lessons and practical descriptions by professionals on the market, exercises, and supervised and independent personal study. Learning will be assessed by means of written examinations and oral tests, and possibly by evaluating participation in work groups.
Applying knowledge and understanding
Graduates in Economics and Management possess the analytical tools necessary for the correct application of the knowledge acquired, because they will have developed skills in interpreting economic-corporate phenomena, and they will be able to identify the respective problems and suggest the most appropriate solutions.
More specifically, graduates in Economics and Management will:
- have a “unitary” and complete vision of economic phenomena, with a consequent skill in analyzing companies’ positioning in terms of economics, assets and finance, including the international outlook;
- be able to apply accounting methods, and the practical tools used to manage corporate management processes;
- be able to develop management techniques applied to human resources and staff coordination in order to optimize levels of company productivity;
- be able to coordinate and plan the company’s business policy, with particular regard to the selection of distribution channels, and geographical markets of reference;
- be able to develop team projects on specific research themes, at advanced levels of detail.
The attainment of these skills in the application of knowledge is developed by means of the critical examination of texts proposed for individual study (encouraged by lecture-hall activities), the study of research case-histories and individual and/or group work on practical themes coordinated by professors, practical exercises in various subject areas, and possibly by internship activities. The work experience and orientation activities included in the course enable students to actively apply knowledge and skills, and to verify personal attitudes and motivations. The assessment of the results described above is performed by means of written and oral examinations, by exercises, and the production of short papers.
Graduates in Economics and Management have to be capable of using analytical tools for the analysis and interpretation of business and corporate phenomena, in order to develop and sustain their independence of judgement. This independence in judgement is expressed by the capacity of developing an individual process of reflection on data acquired, and of formulating an opinion/interpretation of said data in both qualitative and quantitative terms. The interdisciplinary nature of the course is important for the development of independent skills of judgement, because the presentation of a single problem from different disciplinary viewpoints encourages the critical analysis of the various aspects involved. The objective of independent judgement is also pursued by means of the combined application of various educational methods, such as the discussion of company case histories, work on group exercises, and project work. The assessment of the students’ acquisition of skills in independent judgement is performed using different methods, both at individual and group levels. The assessment of students’ skill in expressing convictions and opinions in a personal manner, including the use of interdisciplinary methods of analysis, will be performed during the final examination.
Graduates in Economics and Management will be able to activate and motivate individual learning processes, enabling them to extend, update and develop the level and scope of their foundation knowledge. More specifically, the development of these skills will enable graduates to:
- demonstrate a constant intellectual curiosity, helping them accommodate their desire to acquire advanced knowledge;
- nurture independent skills in researching information and data in order to develop knowledge in different areas of corporate economics;
- independently express models of interpreting and managing knowledge, which will help them in their professional self-improvement, and/or will be necessary for the fruitful continuation of their university studies (in compliance with the interdisciplinary approach typical of Economics studies).
These results are attained during the duration of the course, above all during individual study, the preparation of individual projects, and activities performed in preparation for the final examination. Learning skills are assessed by means of various types of tests, taken during the entire course. These methods consist of the presentation of data acquired independently, and the demonstration of skills in self-learning techniques developed during preparatory work for the final examination.
With regard to communications skills, graduates in Economics and Management:
- will be capable of communicating data, information and concepts (whether basic or highly complex) regarding a theory, a practical situation, or a technical problem from the corporate sphere, clearly, succinctly and coherently, to culturally and educationally heterogeneous counterparts;
- will have developed the tools necessary for the management of company information processes, such as active listening skills, the capacity to understand concepts expressed by other individuals, and skills in interpreting non-verbal language within a variety of social and corporate contexts;
- will have consolidated their linguistic skills in both national and international contexts, by methods that include periods of study and residence abroad facilitated by student mobility schemes, and detailed study of texts published in English;
- will have developed behavioural and relational skills for interaction with other individuals in “team” projects, nurturing a marked availability to relate to people, including those from very different cultures.
These skills will enable students to develop their ability in compiling brief papers, or providing an oral summary of a given subject, possibly using information technology presentation systems. Graduates will therefore be capable of imparting information, whether to top management, company employees, stakeholders and the general public with no specialist knowledge, regarding trends in company management and, more in general, in markets. These results are achieved by means of a combination of methods, such as group work, lecture-hall presentations of project work, and case-history studies, including work performed at companies and local organizations. The assessment of these skills will be performed by means of oral interviews. Students’ skills in preparing reports, particularly on innovative themes, will also be assessed, above all during the final examination. Skills of expression in English are assessed by means of the verification of adequate linguistic ability, above all as regards the knowledge and use of specialist economic terminology.
Final examination, if any
The final examination has to demonstrate the students’ cultural progress within the area of degree course studies, by way of completion of the academic process. In order to achieve this, the final examination consists of a paper compiled on an advanced and/or innovative theme in a course subject, chosen under the supervision of a degree course professor. The paper is discussed in front of a Commission, which generally consists of professors from different subject areas. The discussion must demonstrate, on one hand, the student’s capability to select and utilize the analytical methods learned during the course, in an independent and critically conscious matter, and on the other hand, flexibility in the application of interdisciplinary frames of reference.