RED is a challenging and selective PhD program for highly talented students with an advanced MSc-level background in Economics. Courses and supervision are held by world-renowned scholars in a stimulating and international research environment. RED offers:

- intensive specialized courses, workshops and reading groups
- tailored supervision and tutoring by leading researchers
- four-year scholarships, plus a one-year extension for star students
- possibility of an exchange semester in selected economics departments
- an international faculty and interaction with world-class visiting scholars


The first year offers research-oriented courses. These courses will give students an overview of frontier research. Courses are organized over two semesters, with exams in December and June/July. The schedule for the A.Y. 2021/2022 is the following:

I Semester

  • Dynamic Optimization (Gozzi, syllabus) *
  • Incentive Theory (Attar, syllabus) *
  • Text Analysis for Economists (Durante, syllabus) *
  • Monetary Theory (Mattesini / Wright, syllabus) *
  • Optimal Policy (Piguillem, syllabus) *

II Semester

  • Industrial Organization (Tarantino, syllabus)
  • Labor Economics (Wu, syllabus)
  • Public Economics (Paradisi, syllabus)
  • Statistical Learning (Peracchi, syllabus)
  • Latent Variable Models (Farcomeni, syllabus)
  • Macroeconometrics (Lippi, syllabus)
  • Financial Econometrics (Santucci de Magistris, syllabus)
  • Applied Macroeconomics (Primiceri, syllabus) *
  • Econometrics of Bipartite Networks (Bonhomme) *
  • Economics of Networks (Patacchini) **

(*) Compulsory courses
(**) Will start in A.Y. 2022/23

Workshops and Reading Groups

Students from all years participate on a monthly basis in a reading group (run by Aarellano-Bover, Makarin and Michelacci) in which they present and discuss advanced material, and in a workshop (run by Biasi, Guiso and Passadore), in which they present progress reports on their own work. 


- Each student must take at least 12 courses (36 credits) by the end of the first year. In case of a fail, a student will have to take the corresponding credits in another course, either during the first or the second year. Courses typically last 18 hours (3 credits), with no overlap

- In every year, each student should present at least 2/3 times in the reading group and at least 2/3 times in the workshop

- At the end of the first year, students should present to the faculty a paper proposal (the first chapter of the PhD thesis). The proposal, and the GPA obtained in the courses, are the basis of a formal decision concerning retention in the program and assignment of a supervisor. The decision is taken by the coordinator of the program and 2 experts on the topic of the presentation

- By the end of the second year, students should present to the faculty a paper documenting their progress, in a proper seminar. The student will be assessed, as in the point above, and in case of retention will be assigned a co-supervisor

- The following years of the program are devoted to writing the dissertation, which should consist of at least two research papers

- During their third year, students are encouraged to spend a semester in another top department. The program, together with partner institutions, will provide funding for financing the visit

- Promising students might receive additional funds for an extra fifth year


- After the first year, students will also have the opportunity to sign up for teaching or (paid) research assistantship positions.

- Placement opportunities range from policy institutions (central banks, governments, international organizations) to the international academic job market.