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Master in Economics

Graduate School of Economics and Political Science

Imagen presentación del máster
Direction
Prof. Félix Maximilian Wellschmied
Language
English
Attendance
On-campus
Credits
60 ECTS
Campus
Getafe
Applications

CLOSED

☛ Places available: 40

Departments
Economics Department

CONTACT

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APPLICATION FOR ADMISSION

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  • Inicio

    The Master’s in Economics is a full-time, one-year program (60 ECTS) that provides students with a deep understanding of the main tools in modern quantitative economics. It is designed for graduates in economics, mathematics, and engineering, as well as for graduates in social sciences who have an interest in rigorous analysis within an international environment. During the program, students take six mandatory courses in Microeconomics, Macroeconomics, and Econometrics. Additionally, students choose three elective courses in topics related to their professional interests and develop a Master’s thesis under the supervision of a faculty member.

    The program prepares students for careers in government agencies, international organizations, or the private sector. It also serves as a first step for students who plan to pursue a research career by enrolling in a Ph.D. program in economics.

    In recent years, our students have been placed in top Ph.D. programs in Economics (e.g., the University of Minnesota, University College London, and the European University Institute, among others), in leading financial institutions, in consulting firms (e.g., BBVA Research, KPMG, Ernst & Young, Afi), and in government agencies and ministries (e.g., the European Central Bank, the Bank of Spain, regulators, and treasuries).
     

     More information 

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    📥 │ Placement list of recent cohorts

    reasons to study master in economics

    │MASTER IN NUMBERS

    • ☛ #52 of the world and #11 of Europe in the Ranking of the European Economic Association
    • ☛ #55 of the world and #16 of Europe in the Ranking of Tilburg University on Economics (2011-2015)
    • ☛ 70% of the professors have taken doctorates in prestigious universities in Europe and the United States
  • CURRICULUM
  • FACULTY

    Faculty from the Economics Department at Carlos III University is in charge of the Master courses. All faculty members have Doctorate Degrees (Ph.D) from prestigious, internationally known universities. This Department are committed to academic excellence.

    According with the latest well-known ranking by Tilburg University on Economics Research (2011-2015) the Department of Economics at UC3M is placed 38th in the world, 15th in Europe, and 2nd in Spain. In addition, in a recent comparison, sponsored by the European Economic Association and published in the Journal of the European Economic Association (JEEA, vol. 1(6) (2003) pp. 1346-1366), the Department of Economics was ranked number 52 in the world, 9th in the European Union, and 2nd in Spain; and in EconPhd Ranking, 10 worldwide in Econometrics, 33 in Public Economics, 40 in Microeconomics, 50 in Labour & Consumer Economics, 90 in Macroeconomics. The great investment in human capital which has provided us with such a qualified teaching staff, committed to high quality teaching and research, guarantees the continuity and excellence of the Master in Economics.

    Faculty Available 

    The following table provides a list of permanent researchers from the Department of Economics. 75% of researchers in the Department of Economics are doctors from the best American and European universities (LSE, Minnesota, Princeton, Rochester, Stanford, etc.), and 33% are foreigners (France, Italy, Germany, Mexico, Argentina , Japan, India, Russia, etc.).

    UC3M FACULTY

    • ALONSO, CÉSAR
      Department of Economics
      Associate Professor
      PhD in Economic Sciences, CEMFI and Universidad Complutense de Madrid
      Brief CV
    • CARRASCO, RAQUEL
      Department of Economics
      Associate Professor
      PhD in Economics, CEMFI and Universidad de Alcalá
      Brief CV
    • CELENTANI, MARCO
      Department of Economics
      Associate Professor
      PhD in Economic Sciences, University of California
      Brief CV
    • CORCHÓN, LUIS
      Department of Economics
      Honorary Emeritus Professor
      Full Professor
      PhD in Economic Sciences, London School of Economics
      Brief CV
    • FUSTER, LUISA
      Department of Economics
      Full Professor
      PhD in Economics, Universitat Autónoma de Barcelona
      Brief CV
    • MORA, RICARDO
      Department of Economics
      Associate Professor
      PhD in Economic Sciences, London School of Economics
      Brief CV
    • MORENO, DIEGO
      Department of Economics
      Full Professor
      Ph.D. in Economics, State University of New York at Stony Brook
      Brief CV
    • ROMERO, ANTONIO
      Department of Economics
      Assistant Professor
      PhD in Economic Sciences, Universidad Autónoma de Barcelona
      Brief CV
    • SERRANO, PEDRO
      Department of Business Administration
      Associate Professor
      PhD in Finance, Universidad del País Vasco
      Brief CV
    • SIOTIS, GEORGES
      Department of Economics
      Associate Professor
      PhD in Economics, ACARES, Free University of Brussels
      Brief CV
  • ADMISSION
    • ADMISSION

      Application

      The request must be submitted electronically through our application system. Before beginning the admission process, please read the following information:

      Requirements

      Applicants must possess the equivalent of a bachelor’s degree (three or more years of studies at an official university). Students in the last year of their studies may apply and receive admission conditional on successful completion of their Bachelor’s program.

       

      Admission criteria

      Admission will be decided by the Master’s Academic Committee. Candidate selection will be based on the following criteria:

      ADMISSION CRITERIA WEIGHTING
      Academic Excellence (*) 70 points
      Reference Letters (**) 20 points
      Curriculum Vitae and Motivation Letter (***) 10 points

      (*) Grades, quality of the university of origin, and student’s preparation for the quantitative aspects of the program.

      (**) Reference letters (preferably academic and in English) will be received through the admission application platform. To do this, the student will add the emails of at least two referees, who will receive a link where they can upload their letters. The letter writer should specify the name of the candidate and the master's program in the message.

      (***) Provide the CV and Motivation Letter preferably in English.

      Student Profile

      The Master's Degree is aimed at graduate students in the areas of Economics, Science and Engineering, although applications for graduates in Social or Legal Sciences will be attended provided that their training is in accordance with the requirements of the Master's subjects

      Language requirements

      Check the general language requirements required to study a Master’s at UC3M, depending on whether it is in Spanish, English or bilingual.

      students with foreign university degrees

      Once admitted to the Master’s program, students holding a university degree from a higher education institution outside the EHEA must provide the diploma, legalized through diplomatic procedures or by The Hague Apostille, for enrollment. They must also submit their transcript of records, including the grade point average, duly legalized.

      More information about Legalization of Foreign Documents.

      If needed, documents must be accompanied by an official sworn translation into Spanish.

    • ENROLLMENT

      TUITION FEES*

      Reservation fee: €800

      • it will be paid once the student receives notification of admission to the master’s, and deducted from the first tuition payment
      • the reservation fee will only be refunded if the master program is cancelled
         
      EU STUDENTS (€130/ECTS)
      First academic year - 60 ECTS €7,800
      NON EU STUDENTS (€195/ECTS)
      First academic year - 60 ECTS €11,700

      ✎│Tuition fees
       

      NOTE: the indicated public prices do not include in any case, neither the ECTS corresponding to the Formative Complements that the student must take (only master's degrees with previous Formative Complements), nor the cost of issuing the master’s degree certificate.

      _______

      * Current fees for the 24/25 academic year, pending approval by the Community of Madrid for the 25/26 academic year.

      Additional information

      • You may enrol on the master’s degree after completing the admission process and receiving formal confirmation of your acceptance.
      • When performing the enrolment you can choose between Full-time enrolment or Part-time enrolment.
      • The email address provided upon enrolment will be used for formal communications; students are therefore kindly requested to check their mail regularly.
      • Pursuant to the regulations of the Universidad Carlos III de Madrid, a student failing to pay any part of the fees will not be admitted and the enrolment process will be terminated. In cases of cancellation of enrolment due to non-payment, the University may demand the payment of the pending amounts for enrolment in previous academic courses as a prior condition of enrolment.
        No diploma or certificate will be issued if a student has any outstanding payments.

      ✎│Enrolment master’s programmes

      ✎│ECTS credits recognition

      Best Practices and Regulations

      [+] information

  • SCHOLARSHIPS

    UC3M SCHOLARSHIPS FOR ACADEMIC YEAR 2025/2026

    CALL AM01-25/26* │ RESOLVED

    For the academic year 2025-2026 a call has been published for a maximum of 14 scholarships for payment of the net enrolment fees for students accepted into the Master’s, with the following provision:

    EU students:

    • 8 scholarships of €3,000

    Non EU students:

    • 6 scholarships of €4,500

    To apply, you must have completed the application for admission to the Master’s.
     

    Application deadline: May 31, 2025
     

    Partial resolutions:

    • first partial decision: published on 19/3/2025
    • second partial decision: published on 5/6/2025
    • third partial decision: published on 31/7/2025

    * The number of grants and amounts specified in the call, may vary depending on the conditions of the candidates who apply to them, can be even deserted as assessed by the Selection Committee for each program.

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    📚 │ Scholarships

    💻 │ UC3M e-bulletin (BOEL) in Spanish

    General information on scholarships

    For more information on specific scholarships of interest, awarded by the Universidad Carlos III de Madrid as well as other agencies or organizations, please refer here:

    🎓 │ Scholarships to study a University Master

  • PRACTICAL INFORMATION
  • INTERNATIONAL

    International Complement

    Qualified students could apply for financial support by the Erasmus Program.

     

    At the end of the regular master program, students may opt to spend a placement period of 3-6 months in another European school studying complementary disciplines, such as Marketing, Finance, Management, Information Systems or Accountancy, or just deepen into Economics.

    Having the opportunity to go to another European university within an international program allows the students to complement their training, in addition to having the experience of living in a different country, as well as in a different university environment.

    Students receive formal recognition for their academic study period abroad in the transcript of records and in the degree certificate.

    Currently, the University has exchange agreements at Master level in the area of Economics and Business Administration with the following universities:

    Internacionalización - Universidades Colaboradoras


    [+] information