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Master in Industrial Economics and Markets

Graduate School of Economics and Political Science

Graduate Economics and Political Science School
Prof. Alvaro Escribano


☛  Places available: 35

Department of Economics, María de Maeztu award of excellence


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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.

    📥 20th Edition of Seminars on Competition Policy

    February - March 2019 | 4 - 7.15 pm | Puerta de Toledo Campus


    Excelencia Maria de Maeztu


    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
      Department of Business Administration
      Associate Professor
      PhD in Economics - IE University
      Department of Business Administration
      Full Professor
      PhD in Mathematics - UNED
      Department of Economics
      Associate Professor
      PhD in Economics - CEMFI and Universidad de Alcalá
      Department of Economics
      Visiting Professor
      PhD in Economics - CEMFI and Universidad Complutense de Madrid
      Department of Economics
      Associate Professor
      PhD in Economic Sciences - University of California
      Department of Economics
      Full Professor
      PhD in Economic Sciences - London School of Economics
      Department of Economics
      Assistant Professor
      PhD - Universidad Carlos III de Madrid
      Department of Economics
      Full Professor
      PhD in Economics - London School of Economics
      Department of Economics
      Full Professor
      PhD in Economics - University of California San Diego
      Department of Economics
      Associate Professor
      PhD in Economics - Northwestern University
      Department of Economics
      Assistant Professor
      PhD - State University of New York
      Department of Economics
      Full Professor
      PhD in Economics - University of California
      Department of Economics
      Associate Professor
      PhD in Economics - University College London
      Department of Economics
      Associate Professor
      PhD - Boston University
      Department of Economics
      Full Professor
      PhD in Mathematics - University of Rochester
      Department of Economics
      Associate Professor
      PhD in Economic Sciences - London School of Economics
      Department of Economics
      Full Professor
      Ph.D. in Economics - State University of New York at Stony Brook
      Estatistics Department
      Associate Professor
      Phd in Mathematics
      Department of Economics
      Associate Professor
      PhD in Economics - University of California, Davis
      Department of Economics
      Associate Professor
      PhD in Economics - Universidad de Valladolid
      Department of Economics
      Associate Professor
      PhD in Economic Sciences - Universidad Autónoma de Barcelona
      Department of Business Administration
      Associate Professor
      PhD - Universidad del País Vasco
      Department of Economics
      Associate Professor
      PhD - ECARES, Free University of Brussels
      Department of Economics
      Full Professor
      PhD in Economics - London School of Economics


      Full Professor
      PhD, University of Leeds


      The request is made electronically through our application. Before starting the admission process it is important to consult the supporting information that we offer below:


      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.


      Language requirements

      Core Courses will be conducted in English (see Lenguage 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 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, could you attach in the application form or could you sent to to be included in the record.


      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 language requirements of the generic language required to study for a Master at UC3M, depending on whether it is in Spanish, English or bilingual.

      students with foreign university degrees

      Once admitted to the Master, students with university degrees issued by a higher education institution belonging to an educational system outside the EEES, must provide, for enrollment, the diploma, legalized by diplomatic procedures or “The Hague Convention Apostille”. They must also submit the transcript of records, with the grade point average, duly legalized.

      More information about Legalization of Documents.

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


      FEES *

      2019-2020 Academic year


      • Reservation fee: €800 (It will be paid once the student receives notification of admission to the master, and deducted from the first tuition payment)

      60 ECTS in the first academic year:

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

      * Pending approval by the Community of Madrid for 2019/2020


      ✎│Programs fees

      NOTE: The enrollment fees do not include the cost of issuing the master's degree certificate.

      Additional information

      • You may enroll on the master’s degree after completing the admission process and receiving formal confirmation of your acceptance.
      • When performing the enrollment you can choose between  Full-time enrollment or Part-time enrollment.
      • The email address provided upon enrollment 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 erollment proecess will be terminated. In cases of cancellation of enrollment due to non-payment, the University may demand the payment of the pending amounts for enrollment in previous academic courses as a prior condition of enrollment.
        No diploma or certificate will be issued if a student has any outstanding payments.

      ✎ Enrollment master's programs

      ✎ ECTS credits recognition


    UC3M Scholarships for the Year 2019/2020 *

    CALL AM01-19/20

    For the academic year 2019-20 has been published a call for a maximum of 14 grants for payment of the net enrollment rates for students accepted into the Master, with the following provision:

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

    To apply for the aid it is necessary to have completed the application for admission to the Master.


    Application deadline: 31st May 2019.

    Resolutions: February, April and June 2019.

    ☛ Published 1st Resolution dated 02/26/2019.

    The number of grants and amounts specified in the Annex to the notice, 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.


    » Electronic Bulletin of the UC3M (BOEL)

    General information on grants and scholarships

    For more information on specific grants of interest awarded by UC3M and by other agencies or organisation.

    🎓 Financial aid/Scholarships for Graduate Programs


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    Program course schedule

    Direct access to timetable (Academic Year 2018/2019)

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    Access to Virtual Secretariat

    titulo cabecera para seccion recursos materiales del máeter

    Material Resources of the program

    Material resources of Getafe Campus

    titulo cabecera para sección quejas, reclamaciones y sugerencias

    complaints and suggestions

    General Registry Office

    OPINA system

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    Access to Employment and internships


    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