Data science and economics (DSE)

Halo
Master programme
A.Y. 2020/2021
LM-91 - Techniques and methods for the Information Society
Master programme
120
ECTS
Access
Open with entry requirements examination
2
Years
Course location
Milano
Language
English
Graduates of this MSc program will receive advanced training on methodologies and IT tools, quantitative and methodological notions, to interpret and analyze economic phenomena using approaches that integrate business, market and social media data. Among these, the analysis of the effects of policies (economic, social) or the evaluation of actions (investments, marketing campaigns) and any other activity related to the sectors of economy, marketing, business and finance or social sciences.

The course of study provides for the construction of solid methodological bases through the development of topics of economic theory, decision theory under uncertainty conditions, micro-econometric techniques and analysis of time series. It also provides for the study of new data management technologies and scalability of analysis systems in cloud environments, as well as machine learning techniques for the extraction and classification of information.

After these compulsory basic training activities, the course of study specializes through the possibility of choosing courses for a total of 18 credits among different study paths suggested to students in the context of their autonomy and natural inclination. A first specialization course offers useful tools for economic applications in the area of policy or investment assessment, the study of production processes and the evolution of social phenomena, as well as the basis for new approaches to the analysis of financial markets and risk. A further focus is instead on the aspects of technological innovation and their impact on the data-driven business, including new markets and the fintech sector. A third address instead lays the foundations for the study of social phenomena through innovative technologies and techniques of social media analysis and textual analysis.

These specialization activities are geared, together with the external training activity, to the preparation of the thesis dissertation and to the final exam. Therefore, the thesis is considered as the fulfillment of a course of study and apprenticeship that originates in the choice of courses of address.

The courses of the degree course, both compulsory and those chosen, include lectures and laboratory classes as well as autonomous project activities and individual activities in the laboratory for not less than 10 total credits, in order to guarantee students an adequate preparation also from a practical point of view, in close contact with real data and specific case studies.

The in-depth studies in mathematics, statistics, information technology and economics, highly qualify the Data Science and Economics training project and prepares the students also for selective procedures of PhD and research programs in the areas of Data Science, Computer Science, Business Intelligence and Economics.
The MSc program in Data Science and Economics aims to train the following professional figures.

Profile: Data Scientist.
Functions: Its main functions are to analyze and elaborate forecasts on large data flows, identifying and applying the most appropriate software tools and statistical techniques for their elaboration; create sophisticated models for predictive data-driven analysis. Data Scientist knows the different contexts in which data emerge and can interact with experts from various disciplines.
Skills: Statistical analysis. Programming. Knowledge of software tools.
Outlets: small and medium-sized enterprises, startups and public administration.

Profile: Data Driven Economist.
Functions: its main functions are to frame problems of economic analysis in the context of data science by identifying data and technologies that can provide new keys for reading or evaluating economic and social phenomena.
Skills: Economic theory, statistical and computer techniques.
Outlets: large companies, public administration and international organizations.

Profile: Data-Driven Decision Maker.
Functions: the professions included in this category exercise managerial functions of high responsibility in private and public companies with an international vocation with a strong technological component within it, using data analysis to guide strategic and operational decisions.
Skills: baggage of theoretical knowledge of an economic-quantitative-IT nature to support organizational decisions and the development of economic institutions and companies.
Outlets: small and medium-sized enterprises, large companies, public administration.

Profile: Analyst of development projects or economic policies
Functions: the professions included in this category contribute to the formulation, monitoring and analysis of development projects or economic policies.
Skills: the baggage of theoretical and operational notions in the economy, in the business management strategy, and in the economic policies that govern them.
Outlets: They operate in private or public companies in industry, commerce, business services, personal and similar services and in international and / or governmental institutions.

Profile: Marketing Analytics Manager.
Functions: the professions included in this category exercise functions of identification and supervision of decision-making processes of an operative nature in direct coordination with the company's executive management.
Skills: baggage of theoretical knowledge of an economic-quantitative-IT nature to support organizational decisions and the development of economic institutions and companies.
Outlets: large companies.
Employment statistics (Almalaurea)
They can access the second cycle degree course in Data Science and Economics, graduates with a degree awarded in Italy (ex d. 270/04) of the following classes:

l-7 Ingegneria civile e ambientale
l-8 Ingegneria dell'informazione
l-9 Ingegneria industriale
l-16 Scienze dell'amministrazione e dell'organizzazione
l-18 Scienze dell'economia e della gestione aziendale
l-20 Scienze della comunicazione
l-30 Scienze e tecnologie fisiche
l-31 Scienze e tecnologie informatiche
l-32 Scienze e tecnologie per l'ambiente e la natura
l-33 Scienze economiche
l-35 Scienze matematiche
l-36 Scienze politiche e delle relazioni internazionali
l-37 Scienze sociali per la cooperazione, lo sviluppo e la pace
l-41 Statistica

and students with a degree awarded in Italy (ex dm 509/99) in the equivalent classes to those listed above.
A verification of the minimum access requirements is foreseen in the measure of:

● 12 CFUs in the area of computer science and mathematics, disciplinary sectors: MAT-01 - MAT-09, INF-01, ING-INF/05
● 12 CFUs in the area of economic and statistical sciences, subject areas: SECS-S/01, SECS-P/05, SECS-P/01, SECS-P/02, SECS-P/07, SECS-P/08

In particular, the preparation required for the computer and mathematics area includes: general mathematics, linear algebra, programming and basic computer science; for the economic-statistical area: inferential statistics, basic econometrics, basic microeconomics, basic macroeconomics and elements of business sciences.

The possession of linguistic skills at least at B2 level in the English language is a requirement for access. The language skills of the required level must be proven by presenting one of the proven international validity certificates of level B2 or the result of any B2 level test passed during the past academic carrier.

The profile of students regarding the knowledge required for access, motivations and individual preparation will be assessed on the basis of the evaluation of the curricula and through a selection interview conducted in English and exclusively by electronic means. This verification will be carried out by a specific "Selection Commission" of teachers appointed by the Faculty Board.

The selection committee reserves the right to admit on the basis of the results of the interview only the students who do not fully verify one or more of the minimum access requirements due to discrepancies in the system of credits or academic qualifications or other objective reasons identified by the analysis of the material attached to the application form.

Students with a foreign qualification are also required to ascertain the basic requirements equivalent to the minimum requirements for students with an Italian qualification.

The master's degree program also reserves the right to evaluate the possible inclusion of a programmed number, determined from year to year by the competent academic bodies, after evaluation of the structural, instrumental and personnel resources available for the functioning of the same.
One of the most effective policies adopted by European Union in the last years has been the internationalization of higher education. The various Erasmus programmes that have been implemented since the nineties have greatly increased the mobility of European students.
Being a brand-new programme with an internationally oriented educational core strategy, DSE promotes a wide internationalization of their students, and therefore strongly encourages them to spend part of their studies abroad in Erasmus+ Programmes.
Erasmus+ provides opportunities to study, train, gain work experience and skills. Students can go abroad from 3 up to 12 months (including a complementary traineeship period, if planned), and may receive additional grants for studying or training. At the end of their foreign stay, students get full recognition of completed activities in terms of credits for their degree. Student mobility is carried out in the framework of prior "inter-institutional agreements" between the sending and receiving institutions.
Students can also join the traineeship programme (Placement), by going abroad from 2 up to 12 months, starting their traineeship from the first year of study. For a traineeship which is an integral part of the curriculum, the sending institution must give full academic recognition for the period spent abroad. For a traineeship that is not part of the curriculum of the student, the sending institution shall provide recognition at least by recording this period in the Diploma Supplement or, in the case of recent graduates, by providing a traineeship certificate. Traineeship may also be established with private and public companies, educational or research centers other than the hosting institution, especially in the field of finance.
DSE academic staff has strong relations with some important European universities, in particular in Germany, Belgium, France, Spain and the Netherlands, and is actively involved in research and education networks, so that students' activity abroad (including the development of the final dissertation) can be successfully supervised.

No obligation.

Courses list

Second semester
Courses or activities ECTS Total hours Language SSD
Compulsory
Machine Learning, Statistical Learning, Deep Learning and Artificial Intelligence 12 80 English INF/01 SECS-S/01
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Graph Theory, Discrete Mathematics and Optimization 12 80 English MAT/09 SECS-S/06
Micro-econometrics, Causal Inference and Time Series Econometrics 12 80 English SECS-P/05 SECS-S/01
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Advanced Microeconomics and Macroeconomics 12 100 English SECS-P/01
Coding for Data Science and Data Management 12 80 English INF/01 SECS-S/01
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Algorithms for Massive Data, Cloud and Distributed Computing 12 80 English INF/01
Cybersecurity and Privacy Preservation Techniques and Digital Security and Privacy 6 40 English IUS/01 IUS/09 IUS/14
Optional
Advanced Multivariate Statistics 6 40 English SECS-S/01
Game Theory 6 40 English SECS-P/01
Global Firms and Market 6 40 English SECS-P/08
Labour Economics and Policy Evaluation 6 40 English SECS-P/01
Marketing Analytics 6 40 English SECS-P/08
Portfolio Optimization 6 40 English SECS-S/06
Social Network Analysis 6 40 English INF/01
Second trimester
Courses or activities ECTS Total hours Language SSD
Optional
Bayesian Analysis 6 40 English SECS-S/01
Digital Business Strategies 6 40 English SECS-P/07
Digital Society 6 40 English SPS/07
Fintech Industry 6 40 English SECS-P/11
Intellectual Property for Business: Strategy and Analysis 6 40 English SECS-P/10
Knowledge Extraction and Information Retrieval 6 40 English INF/01
Numerical Methods for Finance 6 40 English SECS-S/01
Patients' Needs and Healthcare Markets 6 40 English SECS-P/01
Probabilistic Modeling 6 40 English SECS-S/01
Public Opinion Research 6 40 English SPS/11
Risk Management 6 40 English SECS-S/06
Text Mining and Sentiment Analysis 6 40 English INF/01 SECS-S/01
Third trimester
Courses or activities ECTS Total hours Language SSD
Optional
Project Managements and Innovation in the Era of Big Data 6 40 English SECS-P/08
Conclusive activities
Courses or activities ECTS Total hours Language SSD
Compulsory
Final Exam 9 0 English
Study plan rules
2 - ECONOMICS (Suggested Path)
Courses or activities ECTS Total hours Language Lesson period SSD
Advanced Multivariate Statistics 6 40 English First trimester SECS-S/01
Game Theory 6 40 English First trimester SECS-P/01
Global Firms and Market 6 40 English First trimester SECS-P/08
Labour Economics and Policy Evaluation 6 40 English First trimester SECS-P/01
Portfolio Optimization 6 40 English First trimester SECS-S/06
Fintech Industry 6 40 English Second trimester SECS-P/11
Knowledge Extraction and Information Retrieval 6 40 English Second trimester INF/01
Numerical Methods for Finance 6 40 English Second trimester SECS-S/01
Patients' Needs and Healthcare Markets 6 40 English Second trimester SECS-P/01
Probabilistic Modeling 6 40 English Second trimester SECS-S/01
Risk Management 6 40 English Second trimester SECS-S/06
3 - BUSINESS INNOVATION (Suggested Path)
Courses or activities ECTS Total hours Language Lesson period SSD
Advanced Multivariate Statistics 6 40 English First trimester SECS-S/01
Marketing Analytics 6 40 English First trimester SECS-P/08
Digital Business Strategies 6 40 English Second trimester SECS-P/07
Fintech Industry 6 40 English Second trimester SECS-P/11
Intellectual Property for Business: Strategy and Analysis 6 40 English Second trimester SECS-P/10
Knowledge Extraction and Information Retrieval 6 40 English Second trimester INF/01
Probabilistic Modeling 6 40 English Second trimester SECS-S/01
Text Mining and Sentiment Analysis 6 40 English Second trimester INF/01 SECS-S/01
Project Managements and Innovation in the Era of Big Data 6 40 English Third trimester SECS-P/08
4 - SOCIAL SCIENCE (Suggested Path)
Courses or activities ECTS Total hours Language Lesson period SSD
Advanced Multivariate Statistics 6 40 English First trimester SECS-S/01
Game Theory 6 40 English First trimester SECS-P/01
Labour Economics and Policy Evaluation 6 40 English First trimester SECS-P/01
Social Network Analysis 6 40 English First trimester INF/01
Digital Society 6 40 English Second trimester SPS/07
Patients' Needs and Healthcare Markets 6 40 English Second trimester SECS-P/01
Probabilistic Modeling 6 40 English Second trimester SECS-S/01
Public Opinion Research 6 40 English Second trimester SPS/11
Text Mining and Sentiment Analysis 6 40 English Second trimester INF/01 SECS-S/01
1 - 3 activities among the following.
Not more than two between: Fintech Industry, Portfolio Optimization, Risk Management.
Total 18 credits/ects
Third trimester
Courses or activities ECTS Total hours Language SSD
Optional
Laboratory "Personalized Health Care" 3 20 Italian MED/01
Conclusive activities
Courses or activities ECTS Total hours Language SSD
Compulsory
Internship/Stage 3 0 English
Study plan rules
5 - Students must earn 12 credits for elective activities.
Location
Milano
Course locations
Department od Economics, Management and Quantitative Methods, Via Conservatorio 7, Milano
Department of Informatics "Giovanni degli Antoni", Via Celoria 18, Milano

The tuition fees for students enrolled in Bachelor's, Master's and single-cycle degree programmes are divided into two instalments with different calculation methods and payment schedules:

  • The amount of the first instalment is the same for all students
  • The amount of the second instalment varies according to the ISEE University value, the degree programme and the student status (on track / off track for one year or off track for more than a year) 
  • An additional fee is due for online programmes

The University also offers:

  • Concessions for students meeting high merit requirements
  • Diversified tuition fees according to the student's home country for international students with assets/income abroad
  • Concessions for international students with refugee status

Scholarships and benefits

The University provides a range of financial benefits to students meeting special requirements (merit, financial or personal conditions, international students).

Learn more

Enrollment
First year enrolment:
Admission
Open with entry requirements examination

Admission

Application for admission: from 10/03/2020 to 30/06/2020

Application for matriculation: from 17/06/2020 to 15/01/2021