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Master in Industrial Economics and Markets

Graduate School of Economics and Political Science

Imagen presentación del máster
Prof. José Luis Ferreira García


☛ Places available: 35

Economics Department


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    The globalization of markets and the change in competition policies in the industrial sectors have caused national and international industrial structures to undergo a great deal of change in the short and medium term. In facing the challenges these changes entail, developed and developing countries are in need for experts in industrial Economics with the high-quality training this Master's Degree provides. The objective of this program is to produce such experts through solid training in three key areas: Industrial Organization, Business Economics and Quantitative Economic Analysis.

    This Master's in Industrial Economics and Markets is a two-year program. The first year consists of courses on Microeconomics, Quantitative Economic Analysis, Finance, and Business Economics, common to all specializations in this program. The second year offers core courses in Industrial Organization (Regulation and Competition Economics), and three areas of specialization on the Economic Sectors of Energy, Transport, and Telecommunications, as well as a dissertation.

     More information 


    📥 │ Placement list of the recent cohorts


    Red Eléctrica de España




    Fundación Francisco Corell

    reasons to study master in industrial economics and markets


    • ☛ Collaboration with leading companies
    • 70% of the professors have taken doctorates in prestigious universities in Europe and the United States
    • ☛ High percentage of foreign students
    • #52 of the world and #11 of Europe in the Ranking of Departments of Economics of the European Economic Association
    • #55 of the world and #16 of Europe in the Ranking of Departments of Economics of Tilburg University on Economics (2011-2015)
    • High employability in consulting firms (KPMG, PwC, NERA, etc.), bank studies services (Bank of Spain, BBVA, etc.), large companies and national and international regulatory institutions.


    Link button to more information page of the master


    Faculty from the Economics, Business Economics and Statistics Departments at Carlos III University are in charge of the Master courses. All faculty members have Doctorate Degrees (Ph.D) from prestigious, internationally known universities. These Departments 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.

    This faculty is complemented with professionals from different companies who share their invaluable experience and in-depth knowledge of the different sectors which the Master specializes in. 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 Industrial Economics and Markets.

    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 (California, LSE, Minnesota, Princeton, Rochester, Stanford, etc.), and 33% are foreigners (France, Italy, Germany, Mexico, Argentina , Japan, India, Russia, etc.).


      Department of Economics
      Associate Professor
      PhD in Economic Sciences - CEMFI and Universidad Complutense de Madrid
      Brief CV
      Department of Economics
      Associate Professor
      PhD in Economics - CEMFI and Universidad de Alcalá
      Brief CV
      Department of Economics
      Associate Professor
      PhD in Economics - CEMFI and Universidad Complutense de Madrid
      Brief CV
      Department of Economics
      Associate Professor
      PhD in Economic Sciences - University of California
      Brief CV
      Department of Economics
      Honorary Emeritus Professor
      Full Professor
      PhD in Economic Sciences - London School of Economics
      Brief CV
      Department of Economics
      Assistant Professor
      PhD - Universidad Carlos III de Madrid
      Brief CV
      Department of Economics
      Assistant Professor
      PhD - State University of New York
      Brief CV
      Department of Economics
      Associate Professor
      PhD in Economic Sciences - London School of Economics
      Brief CV
      Department of Economics
      Full Professor
      Ph.D. in Economics - State University of New York at Stony Brook
      Brief CV
      Department of Economics
      Associate Professor
      PhD in Economics - University of California, Davis
      Brief CV
      Department of Economics
      Associate Professor
      PhD in Economic Sciences - Universidad Autónoma de Barcelona
      Brief CV
      Department of Business Administration
      Associate Professor
      PhD in Finance, Universidad del País Vasco
      Brief CV


      Full Professor
      PhD, University of Leeds


      The request is made electronically through our application. Before starting the admission process, please, read the following information:


      All candidates must hold a college degree or equivalent (in any country). Candidates in their last year to complete their degree may also apply. In this case, the acceptance is conditioned upon the completion of the degree.



      Core Courses will be conducted in English (see Language Requirements for Master's taught in English). However, in order to carry out internships in companies and institutions, it is advisable but not required, for non-Spanish speaking students to have a basic knowledge of Spanish. We recommend to use a level DELE A2 (Diploma de Español como Lengua Extranjera) issued by the Instituto Cervantes, or equivalent. Those students who do not have the recommended Spanish level should take Spanish courses offered by the UC3M Language Center during the first year. There are some courses fully compatible with the Master schedule, two intensive courses, one before the beginning of the course, on September, and another one on July, once the course is over. In addition four more courses are offered starting on September, December, February, and May.

      ✎│ Spanish courses


      Admission criteria

      Admission will be decided by the Master’s Academic Committee. Candidate selection will be done on the basis of the following criteria: a copy of the degree certifícate, transcript of grades, two letters of reference (*), a motivation letter and a curriculum vitae.
      The scale shall is as follows:

      Grades and quality of the University of origin 70%
      Curriculum vitae 10%
      Reference (*) and motivation letters 20%
      Knowledge of English**  

      (*) Reference letters will be received through the admission application platform to be incluided in the record. 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.

      ** Indispensable

      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, students with university degrees issued by a higher education institution belonging to an educational system outside the EHEA, must provide, for enrolment, the diploma, legalized by diplomatic procedures or by means of The Hague Apostille. They must also submit the transcript of records, with 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.



      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

      60 ECTS in the first academic year:

      • EU students: €7,800 (€130/ECTS credit)
      • Non EU students: €11,700 (€195/ECTS credit)

      60 ECTS in the second academic year1:

      • EU students: €7,800 (€130/ECTS credit)
      • Non EU students: €11,700 (€195/ECTS credit)

      1 Master's fees are subject to approval by the Regional Government of Madrid each year and may therefore be subject to change

      ✎│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  the cost of issuing the master’s degree certificate.


      * Current fees for the 23/24 academic year, pending approval by the Community of Madrid for the 24/25 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



    CALL AM01-24/25 *

    For the academic year 2024-2025 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:

    • 8 scholarships of €6,000
    • 6 scholarships of €9,000

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

    Application deadline: May 31, 2024

    Partial resolutions:

    • first partial resolution: published on 8/3/2024
    • second partial resolution: from April 27, 2024
    • third partial resolution: from June 20, 2024

    * 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.


    📚 │ Scholarships

    💻 │ UC3M e-bulletin (BOEL) in Spanish

    General information on scholarships

    For more information on specific scholarships of interest awarded by UC3M and by other agencies or organisations.

    🎓 │ Scholarships to study a University Master


    titulo cabecera para seccion recursos materiales del máeter


    Material resources of Getafe Campus

    titulo cabecera para sección quejas, reclamaciones y sugerencias

    complaints and suggestions

    General Registry Office

    Contact mailbox 


    Qualified students could apply for financial support by the Erasmus Program


    Option A: European Mobility with recognition of ECTS

    Selected students in this program will have the opportunity to spend a semester abroad with credit recognition (ECTS) in any of the European universities that the University and the Master has exchange agreements with. The stay will be in the first semester of the second year. This is an opportunity to obtain a unique international curriculum. Students will receive formal recognition for their academic study period abroad in the transcript of records.


    Option B: International Complement

    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


    More information