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Master in Economic Analysis

Graduate School of Economics and Political Science

Graduate Economics and Political Science School
Direction
Luisa Fuster
Language
English
Attendance
On-campus
Credits
120 ECTS
Campus
Getafe
Applications

Open

Departments
Economics, Unidad de Excelencia María de Maeztu

MORE INFORMATION HERE

For more information click on the link and contact us

 

APPLICATION FOR ADMISSION

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  • Inicio

    The Graduate Program in Economics consists of a two-year Master in Economic Analysis, followed by a three year PhD in Economics. The Master in Economic Analysis is aimed at equipping students with the necessary skills to do high quality economic research. After following a core curriculum during the first two semesters, students choose specialized courses during the last semester. The courses bring students to the research frontier and provide them with quantitative and analytical tools to analyze relevant economic problems.

    Students completing satisfactorily the required coursework of the Master in Economic Analysis and passing qualifying examinations in the three major fields (macroeconomics, microeconomics, and econometrics) are admitted to the PhD program.

    The master is intended for students with a competitive curriculum, solid quantitative skills and a strong motivation to engage in advanced economics research. Most of the students graduated in our program continue towards a PhD either in our department or somewhere else. A significant part of our graduates also find positions in international organizations, research centers and consultant agencies.

     

    Grafica economica de flechas - Master in Economic Analysis

    reasons to study master in economic analysis

    │MASTER IN NUMBERS

    • 75% of students are foreign born
    • ☛ About 95% graduates access to PhD programs in Economics
    • ☛ About 85% of first year students get full financial aid
    • ☛ Graduate Program in Economics ranked 32 in world-wide, based on the placement of PhD students
    • ☛ UC3M Department of Economics ranks 2nd in Spain, 9th in the European Union and 52nd worlwide (Journal of the European Economic Association)
    • ☛ This department ranks 41st of the ranking of the University of Tilburg​ (2005-15)

     

    Link button to more information page of the master

  • PROGRAM

    In the first academic year, students must take 7 compulsory subjects of 9 ECTS to complete the 63 ETCS.

    In the second academic year:

    • In the first semester they have to take 4 compulsory subjects of 9 ETCS each.
    • In the second quarter they have to choose 3 subjects of 4 ECTS each.
    • At the end of second year students will present the Master's Thesis of 9 ECTS

    Course 1 - Semester 1

    General subjects
    SubjectsECTSTYPELanguage
    Microeconomics I9CEnglish
    Macroeconomics I9CEnglish
    Econometrics I9CEnglish
    Mathematics9CEnglish

    Course 1 - Semester 2

    General subjects
    SubjectsECTSTYPELanguage
    Microeconomics II9CEnglish
    Macroeconomics II9CEnglish
    Econometrics II9CEnglish

    Course 2 - Semester 1

    General subjects
    SubjectsECTSTYPELanguage
    Microeconomics III9CEnglish
    Macroeconomics III9CEnglish
    Econometrics III9CEnglish
    Applied Economics9CEnglish

    Course 2 - Semester 2

    General subjects
    SubjectsECTSTYPELanguage
    Topics in Microeconomics A4EEnglish
    Topics in Macroeconomics A4EEnglish
    Topics in Econometrics A4EEnglish
    Topics in Applied Economics A4EEnglish
    Topics in Macroeconomics B4EEnglish
    TFM
    SubjectsECTSTYPELanguage
    Master Thesis9C

    C) Compulsory: 99 ECTS

    E) Elective: 12 ECTS

    TFM) Master Thesis: 9 ECTS

  • FACULTY

    UC3M FACULTY

    • ALONSO, CÉSAR
      Department of Economics
      Associate Professor
      PhD in Economics, UCM
    • CÁCERES, JULIO
      Department of Economics
      Associated Professor
      PhD in Economics. University of Maryland
    • CARRASCO, RAQUEL
      Department of Economics
      Associate Professor
      PhD in Economics. CEMFI
    • CARRO, JESÚS
      Department of Economics
      Associated Professor
      PhD in Economics, CEMFI
    • CELENTANI, MARCO
      Department of Economics
      Associated Professor
      PhD in Economics, UCLA
    • CLOTS, IRMA
      Department of Economics
      Associated Professor
      PhD in Economics, LSE
    • DELGADO, MIGUEL
      Department of Economics
      Full Professor
      PhD in Economics, LSE
    • DENTER, PHILIPP
      Department of Economics
      Assistant Professor
      PhD in Economics, University of St. Gallen
    • DIAZ, ANTONIA
      Department of Economics
      Associate Professor
      PhD in Economics, University of Minnesota
    • DUMAV, MARTIN
      Department of Economics
      Assistant Professor
      PhD in Economics, University of Texas
    • EROSA, ANDRÉS
      Department of Economics
      Full Professor
      PhD in Economics, University of Minnesota
    • FERNÁNDEZ-HUERTAS, JESÚS
      Department of Economics
      Associated Professor
      PhD in Economics, Columbia University
    • FERREIRA, JOSE LUIS
      Department of Economics
      Associate Professor
      PhD in Economics, Northwestern University
    • FUSTER, LUISA
      Department of Economics
      Full Professor
      PhD in Economics, UAB
    • GONZALO, JESÚS
      Department of Economics
      Full Professor
      PhD in Economics, Columbia University
    • HERNANDO-VECIANA, ÁNGEL
      Department of Economics
      Associate Professor
      PhD in Economics, UCL
    • KREDLER, MATTHIAS
      Department of Economics
      Associated Professor
      PhD in Economics, NYU
    • MACHADO, MATILDE
      Department of Economics
      Associate Professor
      PhD in Economics, Boston University
    • NAME, ÁLVARO
      Department of Economics
      Assistant Professor
      PhD in Economics, Duke University
    • ORTUÑO, IGNACIO
      Department of Economics
      Full Professor
      PhD in Economics, UC Davis
    • RINCÓN, JUAN PABLO
      Department of Economics
      Associate Professor
      PhD in Economics, Universidad de Valladolid
    • SEOANE, HERNÁN
      Department of Economics
      Assistant Professor
      PhD in Economics, Duke University
    • VELASCO, CARLOS
      Department of Economics
      Full Professor
      PhD in Economics, LSE
    • WELLSCHMIED, FÉLIX
      Department of Economics
      Assistant Professor
      PhD in Economics, University of Bonn
    • YURDAGUL, EMIRCAN
      Department of Economics
      Assistant Professor
      PhD in Economics, Washington University St. Louis

     

    ☛ More information about our Faculty

  • ADMISSION

    Places available: 20

     

    Access requirements

    A Bachelor’s degree (not necessarily in Economics) and a strong background in quantitative methods are required.

     

    Admissions Criteria

    An admission committee formed by members of the department of Economics and faculty of the master studies the applications and make proposals to the direction of the master in economic analysis.

    Decisions are based on curriculum vitae and recommendation letters. We also require students proficiency in written and oral English. It is strongly recommended to provide either a iBT-TOEFL above 80 (usually above 95), a Cambridge Proficiency Certificate level A-C, Cambridge First Certificate level A or IELTS (British Council) 6.5. Students with a degree taught in English are exempt.

    Students are required to provide a proof of mastering quantitative analysis. We usually only consider students with a GRE above 80% in the quantitative part of the exam.

    Applications are evaluated in three rounds: see above. Early applications are strongly encouraged and we cannot guarantee vacancies for last deadlines.

     

    Acces to admissions

    Application process

     

    Contacting

    If you have any further questions, or problems accessing the online application, please contact us at: mae@uc3m.es.

    Follow for more updated information about the Graduate Program

    Documents

    Document name Notes/explanations
    Application form Personal information and academic data of the candidate
    Two reference letters The referals should send the recommendation letters to mae@uc3m.es.
    Statement written by you Letter from your previous University, or statement written by you (see sample on the left), specifying that you are eligible to pursue postgraduate studies in the country where the bachelor's degree was issue
    Declaration of having finished previous studies To be submitted only if you have not completed your bachelor's degree when applying for the masters program
    Official academic transcripts Please, ask the registrar at your own university.
    Official Degree (As soon as it is available) Please, ask the registrar at your own university.
    Curriculum vitae A specific format is not required.
    A brief statement of purpose Motivation letter is important in establishing your research agenda.
    GRE scores* Our code is 4197
    TOEFL scores or equivalent** Our code is 4197

     * Although no official cut-off is applied for the GRE scores, candidates must be above the 80th percentile in the quantitative section. For information about the tests, regional locations and costs, you can visit http://www.gre.org.
    (not compulsory but highly recommended).

     

    ** Proof of English proficiency is the responsibility of each applicant. While there is no official cut-off, the following scores are desirable: minimum TOEFL score of 80 (although the average score of admitted students is between 85-90), level A-C in Cambridge Proficiency Certificate, level A in Cambridge First Certificate, or a score of 6.5 or higher on the IELTS of the British Council. Students who have completed their Bachelor’s degree and/or their Master’s Degree in English do not need to send TOEFL scores. For more information regarding TOEFL, please visit http://www.toefl.org

     

    Foreign students

    Once admitted to the Master, foreign students with university degree issued by a higher education institution belonging to an educational system outside the EEES, must present, for enrollment, the diploma attesting equivalent training that allows access to postgraduate studies, legalized by diplomatic procedures, or “The Hague Convention Apostille”. More information about Legalization of Documents.

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

    Check all the information about Access International students at UC3M.

  • SCHOLARSHIPS

    First year students of the master program may be offered financial aid including fee waiver and/or a monthly stipend through a Teaching Assistantship (TA) position. The renewal of the financial aid to the second year students of the master is conditional on the academic performance in the master. In particular, the financial support is automatically renewed to students achieving an average of B or higher (computed as explained in the student handbook) or passing all the qualifying exams. The department also offers financial support to those students that do not meet the former criteria but whose performance is sufficiently satisfactory.

    Other students may also get financial support depending on the availability of TA’s positions and their fit with these positions. We expect to offer around 15 TA’s position to second year students, though the final number may vary depending on the students’ performance and the teaching needs of the department. Students admitted in the PhD program get automatic financing for the three years of the PhD program. However, it is required from them compliance with all the duties of the program and with the code of conduct of the University. The Department supports the students that apply to external funds.

    The Department may also ask students to comply with some administrative procedures conducting to their external financing. Students rejecting external financing should not expect automatic financial support in the terms of this paragraph from the Department. Students with scholarships from outside institutions may have to produce regular progress reports, typically every 24 months, to maintain those scholarships.

     

    For more information:

    Follow for more updated information about the Graduate Program

    General Information about grants and scholarships

    You can find more information about scholarships of UC3M and other agencies or entities.

    Financial aid/scholarships for graduate programs

    Job Market

    University's Foundation (Fundación Universidad Carlos III) holds a careers service ( UC3M Guidance&Employment) which orientates, informs and helps Master graduates to get through the labour market.

    The Department of Economics supports PhD graduates in their job market search. Please, see the recent placement of our PhD graduates here

  • PRACTICAL INFORMATION
  • FAQ

    1. Where can I get further information?

    For further information please check our information page about our graduate program and the current Student’s Guide . If you have any further questions you can contact us by email at mae@uc3m.es, although we appreciate that you first check the information available in our webpages first.

     

    2. Who HAS to send the letters of presentation?

    Letters of presentation must be sent by the referees to mae@uc3m.es, using the electronic format that can be downloaded at tap “Admission”. Letters sent directly by candidates will NOT be accepted.

    Referees will get a confirmation email within approximately one week after receiving their letters of presentation. They can thus inform you of whether their letter of presentation arrived safetely.

    Unless otherwise specified, no other document will be sent by email. Applicants will upload their documents onto the Application Platform.

     

    3. Which documents do I have to translate and legalize?

    Legalized documents are only required after a formal offered has been made and a prerequisite to register. The particular requirements depend on the country where you got your Bachelor’s degree:

    If the student has a European Bacherlor’s degree, or belonging to the EHEA, there are two possible options:

    • Certified copy of your Bachelor’s degree and Transcripts together with a certified OFFICIAL translation of both documents into Spanish.
    • SET (suplemento europeo al título) or Diploma Supplement. Student may provide a copy of the Diploma and a copy of the Diiploma Supplement (both copies must be certified at the Registrar’s office here on campus, or at any Spanish Embassy). If the Diploma Supplement is provided, you do not need to legalize, nor translate them. THIS IS THE EASIEST OPTION FOR STUDENTS.

    Students from outside the European Union, have to provide:

    • All the documents must be legalized and translatied when admitted to the Master.
    • Certified copy of your Bachelor’s degree and Transcripts together with a certified OFFICIAL translation of both documents into Spanish. Letter from your previous University certifying that you would be eligible in that University for postgraduate studies.


    More information about Legalization of Documents  and official sworn translation into Spanish.

     

    4. Financial Aid / Funding

    In order to apply for Financial Aid you will just have to select the corresponding option within the Application form. No other document concerning financial aid will be requested during these first steps. If you are finally admitted, you will be contacted for further documents.

    5. Are GRE and TOEFL equivalent?

    Absolutely NOT. Although both exams are taken in English, TOEFL measures only language skills, whereas GRE also includes quantitative reasoning.

     

    6. Is GRE mandatory requirement to apply?

    GRE is not mandatory, but strongly recommended. As part of the evaluation process for the applications, GRE score provides additional information about quantitvative skills of the applicants.

     

    7. Who does not need to submit the TOEFL score?

    Students who have taken their Bachelor’s degree and/or their Master Program in English or anyone who can provide any other OFFICIAL evidence of their knowledge of English.

     

    8. When will I receive news of my admission?

    All the applicants will receive an informative email in 20 days after the last deadline (20th June). Successful applicants usually receive offers within 20 days after their corresponding deadline.

    Unsuccessful applicants in one round will be considered automatically for the next round.

     

    9. Why are there two application deadlines?

    We make admission offers in the 25 days after each of the corresponding deadlines. Students who do not receive an offer and whose application is not explicitly rejected are automatically considered in the next application deadline. Students are strongly encouraged to apply early as we do not commit to keep available places in later deadlines.

     

    10. Will I receive financial aid if accepted?

    We usually admit students with financial aid in the form of a tuition waiver and a monthly stipend of between 900-1.150€ gross. Continuing financial aid is subject to satisfactory academic progress.

     

    11. When taking the TOEFL and GRE, what is the UC3M code?

    When you take the TOEFL and GRE exam you may specify the university where you want your results to be sent. For that purpose, you have to inform both the University code (4197, Universidad Carlos III de Madrid) and the Department code (84, Economics). In any case, in order to avoid any possible delay receiving the results by postal mail, we strongly advise you to also upload a scanned copy of your results on the application system.