Graduate School of Economics and Political Science
- Direction
- Prof. Antoine Loeper
- Language
- English
- Attendance
- On-campus
- Credits
- 120 ECTS
- Campus
- Getafe
- Applications
-
☛ Places available: 20
- Departments
- Economics Department
CONTACT
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APPLICATION FOR ADMISSION
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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 three semesters, students choose specialized courses during the last semester and do their Master Thesis. These courses bring students to the research frontier and provide them with quantitative and analytical tools to analyze relevant economic problems.
Students who complete satisfactorily the required coursework of the Master in Economic Analysis and who pass 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 finds positions in international organizations, research centers and consultant agencies.
Our graduate program is a member of ENTER (European Network for Training in Economic Research), a cooperative venture of eight leading European Economic Departments with international PhD programs. Doctoral students can spend two semesters in one or two nodes of the network and ENTER also organizes an annual conference meeting of doctoral students.
UC3M Econometrics team, formed by students of the Ph.D. in Economics, wins the “Econometric Game 2018”. In second position is the University of Harvard. UC3M and University of Copenhagen share the best result of 3 wins.
│MASTER IN ECONOMIC ANALYSIS IN NUMBERS
- ☛ 75% of students are foreign born
- ☛ About 95% of our graduates are accepted into a PhD program in Economics
- ☛ About 85% of first year students get full financial aid
- ☛ Our graduate Program in Economics is ranked 32nd world-wide, based on the placement of PhD students since 90
- ☛ UC3M ranked 47th worldwide in the 2021 QS World University Rankings in the category Economics & Econometrics
- CURRICULUM
- CURRICULUM
In the first academic year, students must take 7 compulsory subjects to complete the 60 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 12 ECTS
Year 1 - Semester 1
General subjects Subjects ECTS TYPE Language Microeconomics I 9 C Macroeconomics I 9 C Econometrics I 9 C Mathematics 6 C Year 1 - Semester 2
General subjects Subjects ECTS TYPE Language Microeconomics II 9 C Macroeconomics II 9 C Econometrics II 9 C Year 2 - Semester 1
General subjects Subjects ECTS TYPE Language Microeconomics III 9 C Macroeconomics III 9 C Econometrics III 9 C Applied Economics I 9 C Year 2 - Semester 2
Choose three of the following Subjects ECTS TYPE Language Topics in Microeconomics A 4 E Topics in Macroeconomics A 4 E Topics in Econometrics A 4 E Topics in Applied Economics A 4 E Topics in Microeconomics B 4 E Topics in Macroeconomics B 4 E Topics in Econometrics B 4 E Topics in Applied Economics B 4 E MASTER'S THESIS Subjects ECTS TYPE Language Master's Thesis 12 C vacio C= Compulsory: 96 ECTS
E= Elective Course: 12 ECTS
Master's Thesis: 12 ECTS
course Programs
- QUALITY
GENERAL COURSE INFORMATION
☛ First year offered: 2013
PROGRAMME’S QUALITY ASSURANCE
The Academic Committee of the Master’s programme complies with the SGIC-UC3M and it is responsible for the follow-up, analysis, review, assessment and quality of the program, it contributes with proposals to improve the program and produces the “Memoria Académica de Titulación” (Programme Report).
FACULTY AND COURSE PLAN
Graduate Profile and Competences
- CURRICULUM
- FACULTY
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
Brief CV
- CARRO, JESÚS
Department of Economics
Associate Professor
PhD in Economics - CEMFI
Brief CV
- DENTER, PHILIPP
Department of Economics
Associate Professor (Researcher Juan de la Cierva)
PhD in Economics - St. Gallen University, Suiza
CV Abreviado
- EROSA, ANDRÉS
Department of Economics
Full Professor
PhD in Economics - University of Minnesota
Brief CV
- ESCANCIANO, JUAN CARLOS
Department of Economics
Full Professor
PhD in Economics - University Carlos III of Madrid
Brief CV
- FERNÁNDEZ-HUERTAS, JESÚS
Department of Economics
Associate Professor
PhD in Economics - Columbia University
CV Abreviado
- GALLI, CARLO
Department of Economics
Professor Tenure Track
PhD in Economics - University College London
Brief CV
- GONZALO, JESÚS
Department of Economics
Full Professor
PhD in Economics - University of California, San Diego
Brief CV
- HERNANDO-VECIANA, ÁNGEL
Department of Economics
Full Professor
PhD in Economics - University College London
Brief CV
- JEREZ, BELÉN
Department of Economics
Full Professor
PhD in Economic Sciences - UCLA
Brief CV
- LOEPER, ANTOINE
Department of Economics
Associate Professor (Researcher Ramón y Cajal)
PhD in Economics - Toulouse School of Economics
Brief CV
- MINALE, LUIGI
Department of Economics
Associate Professor
PhD in Economics - University College London
CV Abreviado
- PAPPA, EVI
Department of Economics
Full Professor
PhD in Economics - Pompeu Fabra University
Brief CV
- RINCÓN, JUAN PABLO
Department of Economics
Full Professor
PhD in Economics - Universidad de Valladolid
Brief CV
- SALISH, NAZARII
Department of Economics
Associate Professor (Researcher Ramón y Cajal)
PhD in Economics - Bonn University
Brief CV
- SEOANE, HERNÁN
Department of Economics
Associate Professor (Researcher Juan de la Cierva)
PhD in Economics - Duke University
Brief CV
- STUHLER, JAN
Department of Economics
Associate Professor
PhD in Economics - University College London
Brief CV
- VELASCO, CARLOS
Department of Economics
Full Professor
PhD in Economics - London School of Economics
Brief CV
- YURDAGUL, EMIRCAN
Department of Economics
Associate Professor (Researcher Juan de la Cierva)
PhD in Economics - Washington University in St. Louis
Brief CV
- ALONSO, CÉSAR
- ADMISSION
- ADMISSION
AccesS to admissions
ADMISSION DEADLINES
🖱️ │ Click here to see the different deadlines
Requirements
Access requirements to the Master in Economic Analysis are:
- Have a Bachelor’s degree or equivalent foreign degree (that empowers in the issuing country for access to master's degree) that ensures the acquisition of a solid training in quantitative methods, although not necessarily in Economics
- Accredit solvency in the quantitative analysis. The most recognized evidence is the score on the GRE typed test. Applications below the 80th percentile in the quantitative section are not usually considered
- Be supported by at least two professors or specialists in the field of recognized prestige
- Accredit a minimum level of knowledge of the English language equivalent to a B2 level according to the Common European Framework of Reference for Languages (CEFR)
Admission criteria
An admission committee formed by members of the department of Economics and faculty of the master studies will assess the applications and make proposals to the Direction of the Master in Economic Analysis.
ADMISSION CRITERIA 1. The adaptation of the previous training to the objectives of the master's degree (university of origin and studies completed)* 2. The applicant's academic record* 3. The results achieved in the subjects with quantitative contents studied in their previous studies, and the result in GRE exams whose objective is to measure the capacity of quantitative analysis* 4. The letters of recommendation presented 5. The reasons given by the applicant to justify their interest in the program 6. CV of the applicant * Criteria 1, 2 and 3 will have a minimum weight of 75%.
Applications are evaluated in three rounds. Early applications are strongly encouraged as we cannot guarantee vacancies for last deadlines.
Contacting
- If you have any further questions, please contact us at: mae@uc3m.es
- For problems with the online application, please contact the Postgraduate Student Office through this contact form
📌 │ Follow for more updated information about the Graduate Program
Documents
Document name Notes/explanations Application form Personal information and academic data of the candidate. Reference letter format Reference letters 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.
IMPORTANT: The format of the reference letter that the referee must use is the one that appears in this section. It is important that the student sends it to the referees before they receive the notification.
ATTENTION: Reference letters received through mae@uc3m.es will not be accepted.Copy of official degree or payment of fees
In lack of that:
Affidavit of previous studies and conditioned enrollmentThe degree or payment of fees required in this section refers to the Bachelor’s, which are the minimum studies required for admission. Master's degrees may be provided in the section "Other documents of interest".
Documents not issued in Spanish must be accompanied by the corresponding official translation. Documents issued or officially translated in English are also accepted.
Those students who have not completed their Bachelor’s at the time of applying for admission must instead provide the affidavit of previous studies that appears in this section.Official transcript The transcript required in this section refers to the Bachelor’s, which are the minimum studies required for admission. Master's transcripts may be provided in the section "Other documents of interest".
Documents not issued in Spanish must be accompanied by the corresponding official translation. Documents issued or officially translated in English are also accepted.Curriculum vitae A specific format is not required. Motivation letter A brief statement of purpose is important in establishing your research agenda. GRE General Test Certificate (optional) It is not compulsory, but highly recommended. You need to upload your results directly to the application for admission.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 https://www.ets.org/gre Accreditation of level of English Minimum level B2, recommended C1. You need to upload your results directly to the application for admission.
Students who have completed their Bachelor’s degree or a Master’s Degree in English or credit an Erasmus stay of at least 1 semester in which they have completed courses in English, do not need to send their scores, but submit n this section the documentation that proves that circumstance (academic transcript, European Supplement to the Degree, etc.)Other documents of interest Additional documentation that you wish to provide, including Master's studies finished or in process, can be submitted in a single file in the section called “Other documents of interest”. 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: €450
- 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
60 ECTS in the first academic year:
- EU students: €2,701.2 (€45.02/ECTS credit)
- Non EU students: €5,044.2 (€84.07/ECTS credit)
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.
- Information about Full-time enrollment.
- 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 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.
- ADMISSION
- SCHOLARSHIPS
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:
Job 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
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Academic Calendar
MASTER’S COURSE SCHEDULE
Check the Master’s schedule - Course 1
Check the Master’s schedule - Course 2
VIRTUAL SECRETARIAT
MATERIAL RESOURCES OF THE PROGRAMME
- MORE INFORMATION
Information for students
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.
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- 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 our form, although we appreciate that you first check the information available in our webpages first.
2. 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.3. 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.
4. 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.
5. What are the application deadlines?
The admission periods can be consulted in the following link. Students who do not receive an offer and whose application is not explicitly rejected are automatically considered in the next round. Students are strongly encouraged to apply early as there are no guarantees that there will be places available in the last period.
6. 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 around 950 €. Continuing financial aid is subject to satisfactory academic progress.