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Master in Economic Development and Growth (MEDEG)

Graduate School of Economics and Political Science

Imagen presentación del máster
Prof. Dácil Tania Juif


☛  Places available: 35

Social Sciences Department, Economics Department


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    The Master in Economic Development and Growth will provide you with the required theoretical and quantitative tools to understand the problem of economic development.

    The programme offers advanced training in economics and econometrics, while it also provides a wide comparative perspective on economic development. In addition, the student can zoom in more specific problems of developing economies like poverty and inequality, the impact of globalization, agriculture and rural institutions, or financial development.

    This master will prepare you for careers in international organizations, the international non-profit sector or think-tanks, public institutions and multinationals with interests in emerging and developing economies, as well as giving you the necessary preparation to start doctoral studies in the field of development or related studies.


    IMPORTANT: In addition, students who have completed the required 60 ECTs can decide to spend a second year at the University of Lund (Sweden) joining our 2-year programme with the University of Groningen (the Netherlands) and the University of Lund (Sweden).


    💬 │ Alumni testimonials

    ☛ MEDEG was an Erasmus Mundus Master programme and offered EU funded scholarships for seven consecutive academic years from 2010 until 2016.

    reasons to study Master in Economic Development and Growth (MEDEG)


    • ☛ A maximum of  40 students per class
    • ☛ More than 80% are international students
    • ☛ 1/3 are NOT europeans students
    • ☛ More than 150 alumni professionals and academics in the field of development and related studies
    • 70% of teaching faculty obtained their PhD degrees in top US and European institutions
    logotipos de las universidades colaboradoras del MEDEG

    The Master's program is taught by a highly qualified team of lecturers and professors including academics from the departments of Economics and Economic History, and experts in the field of development, with extensive experience in national and international bodies.

    The courses combine theoretical and quantitative analysis of development problems, with discussion of practical management tools and evaluation of policies and projects.


      Department of Social Sciences
      Visiting Professor
      Brief CV
    • ROSES, JOAN R.
      Professor of Economic History
      London School of Economics
      Brief CV


      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:


      The basic requirement for admission to the Master's course is to have obtained or to be about to obtain prior to start of the Master's courses, either an official degree - or  in the case of foreign qualifications, an equivalent  (Degree, Bachelor's degree) - either in Economics or a related discipline.



      Admission criteria

      In the selection process, the Committee will be based on the following criteria:

      Academic record 60%
      Letters of reference 10%
      Motivation letter 10%
      Other qualifications and courses 10%
      Other professional and research experiences 10%

      For each criterion a grade of 0 to 5 will be allocated (0-insufficient, 1-bad, 2-sufficient, 3- good, 4-excellent, 5-extraordinary). All the applicants will be grouped into three lists:

      • Admitted
      • On waiting list
      • Rejected

      Application and selection process

      In order to be considered, application forms must be accompanied by the following documents:

      Reference letters (Optional, not required). Applicants can optionally send one or two reference letters.

      Referees should send their reference letters to the address supplied below indicating the name of the applicant and the programme (MEDEG) in the email heading.

      • Reference Form

        ☛ Letters can be written using the format supplied or any other format.

      You should ask the referees to send their reference letters to

      language requirements

      Since English is the official language of the programme, a high level of written and spoken English is required. This knowledge can be accredited with the results of an official C1 English diploma (CEFR) including evaluation of the 4 areas: listening, reading, speaking and writing. As a general rule, the following minimum scores for other certificates are required:

      • TOEFL (iBT): 95-120
      • IELTS: 7.0 - 8.0
      • Cambridge ESOL: Certificate in Advanced English (CAE)
      • TOIEC (Four skills): 1096 - 1345

      The language requirements will not be required to those students whose mother tongue is English or students who have completed their undergraduate studies in English, upon presentation of the relevant documentation.

      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)

      ✎│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 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 * │ CLOSED

    For the academic year 2024-2025 a call has been published for a maximum of 10 scholarships for payment of the net enrolment fees for students accepted into the Master’s, with the following provision:

    • 10 scholarships of  € 3,000 or € 1,500

    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: published on 23/5/2024
    • 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


    The Carlos III University of Madrid announces 1 scholarship for the academic year 2024-2025, aimed at newly admitted students of the Master in Economic Development and Growth (MEDEG) from non-Spanish university centers associated with the Ibero-American Postgraduate University Association (AUIP), with the following provision:

    • Tuition assistance for 50% of the amount of the corresponding academic fees
    • Bag or study scholarship of €1,500

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

    Application deadline: April 30, 2024

    Resolutions: from May 28, 2024

    Published Award Resolution dated 12/06/2024


    📚 │ 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

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      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 


      There are several job opportunities for Graduates of the Master in Economic Growth and Development:

      a) In a private business Specifically:
      • Private businesses and financial institutions operating in developing countries and emerging markets, especially although not exclusively in research departments or areas;
      • In private research centres concerned with economic development and growth
      • In economic research departments of nongovernmental organisations operating in the sphere of economic development

      b) In Public Administration, specifically:
      • In economy ministries, central banks and government agencies in developing countries
      • In government agencies of developed countries operating in the sphere of development cooperation

      c) International bodies, specifically :
      • multilateral agencies and organisations concerned with research into problems of economic development and financing, coordination and implementation of economic development projects (International Labour Organisation, United Nations Development Program, World Bank, International Monetary Fund,  Inter American Development Bank,  CEPAL- Economic Commission for Latin America and the Caribbean,  UNESCO, OECD)

      d) At Universities and public and private research centres.

      estudiantes sentados en el jardin dialogando

      By joining the Master in Economic Development and Growth you join a large network of practitioners and academics in the field of development and related studies. Alumni of the Master in Economic Development and Growth have taken jobs in research and consultancy firms, international organizations, government agencies and think tanks. There have been student placements in organizations like the World Bank, United Nation’s World Food Programme, the FAO, the International Labour Office, the UNDP International Policy Centre for Inclusive Growth, the European Bank for Reconstruction and Development, the European Investment Bank, or the Latin American Development Bank. For example, very recently, one of our students has joined the Bangkok office of the United Nations’ Disaster Risk Reduction Division, another student the Decent Rural Employment Team at FAO.

      Other students have gained very valuable direct field experience in developing countries by working in the implementation of large surveys or collaborating in research projects in countries like the Philippines, Malaysia, Bolivia, Colombia, Mexico, Brazil, Dominican Republic, Malawi, Rwanda, Ethiopia or Morocco.

      A smaller group of students have continued their studies pursuing PhDs at a wide array of universities in Europe and North America, with the more recent cases being the London School of Economics, the School of Oriental and African Studies (SOAS) at the University of London or the  School of Global Studies at the University of Sussex (UK).


    Joint programme Carlos III-Groningen-Lund

    Facahada edificio Biblioteca de la Universidad de Lund

    This international double degree trains you to be a well-rounded expert in the field of development. You get Master's degrees from two out of three top-class European research universities: Universidad Carlos III or University of Groningen and the University of Lund.​

    The programme provides you the theoretical and quantitative tools needed to grasp the main debates in economics and other social sciences, as well as the deep, specialized understanding of context, institutions, and historical legacies in developing economies required to deal with the full complexity of development issues.
The MEDEG programme is offered by a consortium of the University of Groningen (The Netherlands), Universidad Carlos III de Madrid (Spain) and Lund University (Sweden). Candidates study the first year either in Groningen or Madrid. At the start of the second year students move to Sweden to specialize in development and growth issues at Lund University School of Economics and Management. Lund University accepts up to 30 students for the second Master's year, to be divided between first year MEDEG students from UC3M and University of Groningen.

    The Carlos III-Groningen–Lund programme provides rigorous training in economics and quantitative methods and offers a variety of electives in central topics in development. At the end of each programme year you complete an independent research project, closely supervised by faculty.
On successful completion, you will obtain either a Master in Economic Development and Growth from Universidad Carlos III de Madrid or an MSc in International Economics and Business from the University of Groningen, and a Master Degree in Social Science with major in Economic Development and Growth from University of Lund.

    In the first year of the MEDEG programme in the Carlos III-Lund mobility you will study a 60 ECTS Master's degree programme in Economic Development. You will acquire advanced knowledge in economic theory, econometrics, and research methods in the first semester. In the second semester, you will study topics related to long run economic growth, comparative development performance or poverty and inequality. Closely supervised by faculty, you are also expected to complete an original piece of research on a topic of your choosing related to economic development to be defended in July.

    In the second year at the University of Lund, you can further specialize in economic development  in relation to issues such as demographic change, institutions, sustainability and energy, innovation and human capital. You take 15 ECTS of compulsory courses and 30 ECTS of electives and can choose elective courses of the MA programme in International Economics. You will also complete a Master's thesis worth 15 ECTS.


    ☛ Programme web page at the University of Groningen

    ☛ Progamme web page at the School of Economics and Management, University of Lund