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Bachelor in Economics

Grado en Economía
Duration
4 years (240 ECTS credits)
Centre
Language
Spanish, English

Presentation

The goal of the Degree in Economics is to create professionals who can analyze basic economic problems, evaluate their possible effects on different public or private policies and, based on data, establish proposals for change and reform.

This degree program provides solid knowledge and tools that allow students to address increasingly complex economic situations impacted by the globalization of markets, the improvement in communications and climate change. In this context, the future economists will learn to process and interpret the large quantities of data generated by companies and institutions in order to explain important facts and anticipate events.

The program can be studied entirely in English and offers the opportunity to carry out internships at important companies in the sector. At the international level, UC3M is among the 50 best universities in the world in the field of economics, according to the 2018 QS World University Rankings by Subject.

Employability and profesional internships

UC3M has agreements with over 3000 companies and institutions in which students can undertake internships and access job openings.

A total of 93.4 % of graduates from this University enter the job market the first year after finishing their studies, according to the 2019 XXIV Estudio de Inserción Profesional (Professional Placement Study).

 

International Excellence

QS Top 50 Under 50
Times Higher Education (THE)
Erasmus+

Program

Mobility

  • Exchange programs

    Exchange programs

    The Erasmus programme permits UC3M first degree and post graduate students to spend one or several terms at one of the European universities with which UC3M has special agreements or take up an Erasmus Placement, that is a work placement or internship at an EU company. These exchanges are funded with Erasmus Grants which are provided by the EU and the Spanish Ministry of Education.

    The non-european mobility program enables UC3M degree students to study one or several terms in one of the international universities with which the university has special agreements. It also has funding from the Banco Santander and the UC3M.

    These places are offered in a public competition and are awarded to students with the best academic record and who have passed the language threshold  (English, French, German etc..) requested by the university of destination.

  • European mobility

    European mobility

  • Non european mobility

    Non european mobility

Student profile

  • Entry profile

    Entry profile

    New students should have a solid foundation in mathematics and be keen to broaden their knowledge of the mathematical concepts acquired in Bachiller or equivalent. Apart from this knowledge, students should be capable of abstract reasoning. They should be able to use logic in the development of simple models relating to the behaviour of economic agents (individuals, business and State) and the interaction between them. In addition, they should feel comfortable using instruments to analyse the economic reality in order to understand the hows and whys of economic phenomena. In this respect, sensitivity towards social issues will be of great help when studying these phenomena.

    With regards to logical reasoning, the capacity to establish and describe relations between facts, identify causes and evaluate consequences is highly desirable. As for abstract reasoning, we also value highly the ability to separate causes from consequences and to extract the most relevant aspects when analysing a problem and its solution.

    All this is enhanced if the student has an entrepreneurial spirit, a mind which is open to new ideas and concepts and a clear enthusiasm for learning and applying his or her knowledge.

    Application for a place in the degree

  • Graduate profile

    Graduate profile

    Students graduating with a degree in Economics will be able to carry out professional work in both the public and private sectors, combining the theoretical and practical knowledge acquired. This knowledge will allow them to approach any problem with scientific rigour, applying all the instruments, skills and attitudes necessary. During their training students will have learnt that economics has a social dimension which involves an ethical dimension in the work of the economist. This implies fostering social responsibility in both individual behaviour and professional activity.

    General skills of the Bachelor's Degree in Economics

    Basic Skills

    CB1        Que los estudiantes hayan demostrado poseer y comprender conocimientos en un área de estudio que parte de la base de la educación secundaria general, y se suele encontrar a un nivel que, si bien se apoya en libros de texto avanzados, incluye también algunos aspectos que implican conocimientos procedentes de la vanguardia de su campo de estudio

    CB2        Que los estudiantes sepan aplicar sus conocimientos a su trabajo o vocación de una forma profesional y posean las competencias que suelen demostrarse por medio de la elaboración y defensa de argumentos y la resolución de problemas dentro de su área de estudio

    CB3        Que los estudiantes tengan la capacidad de reunir e interpretar datos relevantes (normalmente dentro de su área de estudio) para emitir juicios que incluyan una reflexión sobre temas relevantes de índole social, científica o ética

    CB4        Que los estudiantes puedan transmitir información, ideas, problemas y soluciones a un público tanto especializado como no especializado

    CB5        Que los estudiantes hayan desarrollado aquellas habilidades de aprendizaje necesarias para emprender estudios posteriores con un alto grado de autonomía

     

    General Skills    

    CG1       Understand the functioning of the economy as the efficient allocation of scarce resources, without forgetting the importance of equity

    CG2       Identify economic problems and provide creative solutions from their rigorous theoretical and empirical analysis.

    CG3       Know how to relate the results of the analysis with public and private policies taking into account incentives and institutions.

    CG4       Entrepreneurship and willingness to take risks.

    CG5       Acquire quantitative knowledge necessary for the approach and resolution of economic problems.

                   

    Transversal Skills             

    CT1        Being able to work in multidisciplinary and / and international teams as well as to organize and plan the work making the right decisions based on the available information, gathering and interpreting relevant data to make judgments and critical thinking within the study area.

    CT2        To be able to correctly expose and write a topic or compose a speech following a logical order, providing accurate information and in accordance with established grammatical and lexical norms.

    CT3        Motivation and ability to devote themselves to lifelong autonomous learning that allows them to adapt to new situations.

    CT4        Know and be able to manage interpersonal skills on initiative, responsibility and negotiation that allow consolidating the basic technical skills that are required in every professional field

    CT5        Critical attitude to look for the answers to big economic problems analyzing them with rigor and precision and without prejudice.

                   

    Specific Skills    

    CE2        Being able to assess the economic and social impact of various public policies.

    CE3        Being able to design economic and social programs that respond to the needs of economic agents.

    CE4        Understand the economic variables that regulate the economy and govern the behavior of agents.

    CE6        Understand economic institutions.

    CE7        Formally represent the economic decision processes.

    CE8        Derive relevant economic information from the data, and be able to process it to answer the questions of interest.

    CE9        Being able to issue and write advisory reports to the relevant economic agents for decision making.

    CE10      Establish and plan the economic framework for the activity of the various social agents

    CE11      Understand the fundamental elements of the economic environment from the perspective of different economic theories

    CE12      Know how to analyze, develop and defend individually a problem of the disciplinary scope of the Degree applying the knowledge, skills, tools and strategies acquired or developed in it.

    CE13      Acquire the knowledge and quantitative methods that facilitate the understanding of economic problems

    CE14      Know how to describe and analyze economic problems in a social environment.

    CE15      Know how to model and interpret economic issues in a quantitative environment.

    CE16      Solve the main economic models from a theoretical and numerical perspective.

    CE17      Understand the operation of the main markets from the point of view of economic agents.

    CE18      Use the main statistical and econometric tools to raise and solve economic problems.

    CE19      Interpret the solutions obtained by computer means in an economic context, necessarily broader and more complex.

    Learning Outcomes of the Bachelor's Degree in Economics

    RA1: Deberán adquirir conocimientos tanto básicos como avanzados y demostrar una comprensión de los aspectos teóricos y prácticos y de la metodología de trabajo en el área de economía.

    RA2. Dominar la  comunicación oral y escrita. Realizar exposiciones, saber mantener la atención de la audiencia, siguiendo una estructura lógica y ordenada de exposición, con objetivos claros y conclusiones precisas.

    RA3: Mostrar capacidad de trabajar en equipo y habilidades para relacionarse en un entorno laboral.

    RA4. Ser capaz de identificar los problemas éticos  y ser capaz de resolverlos atendiendo a la normativa vigente. En sus relaciones laborales el alumno debe demostrar una actitud responsable y ética.

    RA5. Identificar los problemas en el ámbito económico, analizarlos y sintetizarlos para tomar las decisiones adecuadas que puedan finalmente resolverlos.

    RA6. Tener la capacidad de recopilar e interpretar en base a fundamentos teóricos datos e informaciones sobre las que fundamentar sus conclusiones ante problemas en su ámbito de estudio.

Study in english

Studies with English option

This bachelor's degree is taught in spanish and english. Once you have been admitted, you will choose, at the time of enrollment, the language in which you will study in accordance with the following conditions:

  • In groups in English, all works (classes, drills, exercises, tests, etc.) will be conducted in English.
  • Along the first year, it must be established an English B2 level, performing a test, providing one of the supported official certificates or any way determined by the university. In the first weeks of the course will inform students how they can prove their level.
  • The courses offered in English are in the studies program.
  • In case there are more applications than places available in English, interested persons will be ranked according to their admission grade.
  • If you are enrolled in English and exceed at least 50% of the credits offered at the UC3M, in the DS appear a mention of bilingual studies.

More information about Languages in Degrees