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Master in Economic Analysis

Graduate School of Economics and Political Science

Graduate Economics and Political Science School
Direction
Luisa Fuster
Language
English
Attendance
On-campus
Credits
120 ECTS
Campus
Getafe
Applications

Closed

☛  Places available: 20

Departments
Department of Economics, María de Maeztu award of excellence

MORE INFORMATION HERE

For more information click on the link and contact us

 

APPLICATION FOR ADMISSION

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  • Inicio

    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 two semesters, students choose specialized courses during the last semester. The courses bring students to the research frontier and provide them with quantitative and analytical tools to analyze relevant economic problems.

    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.

    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 find 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.

     

    Alumnos de Economía celebrando que han ganado

    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.

    reasons to study master in economic analysis

    │MASTER IN NUMBERS

    • 75% of students are foreign born
    • ☛ About 95% graduates access to PhD programs in Economics
    • ☛ About 85% of first year students get full financial aid
    • ☛ Graduate Program in Economics ranked 32 in world-wide, based on the placement of PhD students
    • ☛ UC3M Department of Economics ranks 2nd in Spain, 9th in the European Union and 52nd worlwide (Journal of the European Economic Association)
    • ☛ This department ranks 41st of the ranking of the University of Tilburg​ (2005-15)

     

    Link button to more information page of the master

  • PROGRAM
  • FACULTY

    UC3M FACULTY

    • ALONSO, CÉSAR
      Department of Economics
      Associate Professor
      PhD in Economics, UCM
    • CLOTS, IRMA
      Department of Economics
      Associate Professor
      PhD in Economics, LSE
    • CORCHÓN, LUIS
      Department of Economics
      Full Professor
      PhD in Economics, LSE
    • DÍAZ, ANTONIA
      Department of Economics
      Associate Professor
      PhD in Economics, University of Minessota
    • DUMAV, MARTIN
      Department of Economics
      Assistant Professor
      PhD in Economics, University of Texas
    • EROSA, ANDRÉS
      Department of Economics
      Full Professor
      PhD in Economics, University of Minnesota
    • ESCANCIANO, JUAN CARLOS
      Department of Economics
      Full Professor
      PhD in Economics, University Carlos III of Madrid
    • FABRA, NATALIA
      Department of Economics
      Full Professor
      PhD in Economics, European University Institute, Florence
    • GONZALO, JESÚS
      Department of Economics
      Full Professor
      PhD in Economics, University of California, San Diego
    • JEREZ, MARÍA BELÉN
      Department of Economics
      Associate Professor
      PhD in Economics, UCLA
    • KREDLER, MATTHIAS
      Department of Economics
      Associate Professor
      PhD in Economics, NYU
    • LOEPER, ANTOINE
      Department of Economics
      Associate Professor
      PhD in Economics, Toulouse School of Economics
    • MORA, RICARDO
      Department of Economics
      Associate Professor
      PhD in Economics, London School of Economics
    • PAPPA, EVI
      Department of Economics
      Full Professor
      PhD in Economics, Pompeu Fabra University
    • RINCÓN, JUAN PABLO
      Department of Economics
      Full Professor
      PhD in Economics, Universidad de Valladolid
    • SCHNEIDER, JOHANNES
      Department of Economics
      Assistant Professor
      PhD in Economics, University of Mannheim
    • SEOANE, HERNÁN
      Department of Economics
      Associate Professor
      PhD in Economics, Duke University
    • STUHLER, JAN
      Department of Economics
      Associate Professor
      PhD in Economics, University College London
    • VELASCO, CARLOS
      Department of Economics
      Full Professor
      PhD in Economics, LSE
    • YURDAGUL, EMIRCAN
      Department of Economics
      Assistant Professor
      PhD in Economics, Washington University St. Louis

     

    ☛ More information about our Faculty

  • ADMISSION
    • ADMISSION

      AccesS to admissions

      Application process

       

      Requirements

      A Bachelor’s degree (not necessarily in Economics) and a strong background in quantitative methods are required.

      Access requirements to the Master in Economic Analysis are:

      • Have a degree or a foreign degree equivalent that empowers the country issuing the same for access to master's degree education 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 are not usually considered in the quantitative section.*
      • Be supported by two professors of recognized prestige.
      • Accredit a level of knowledge of the English language equivalent to a C1 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 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 his 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 and we cannot guarantee vacancies for last deadlines.

       

      Contacting

      If you have any further questions, or problems accessing the online application, please contact us at: mae@uc3m.es.

      Follow for more updated information about the Graduate Program

      Documents

      Document name Notes/explanations
      Application form Personal information and academic data of the candidate
      Two reference letters The referrals should send the recommendation letters to mae@uc3m.es.
      Declaration of having finished previous studies To be submitted only if you have not completed your bachelor's degree when applying for the masters program
      Official academic transcripts Please, ask the registrar at your own university.
      Official Degree (As soon as it is available) Please, ask the registrar at your own university.
      Curriculum vitae A specific format is not required.
      A brief statement of purpose Motivation letter is important in establishing your research agenda.
      GRE scores* Our code is 4197
      TOEFL scores or equivalent** Our code is 4197

       * 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 http://www.gre.org.
      (not compulsory but highly recommended).

      ** Proof of English proficiency is the responsibility of each applicant. While there is no official cut-off, the following scores are desirable: minimum TOEFL score of 80 (although the average score of admitted students is between 85-90), level A-C in Cambridge Proficiency Certificate, level A in Cambridge First Certificate, or a score of 6.5 or higher on the IELTS of the British Council. Students who have completed their Bachelor’s degree and/or their 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 TOEFL scores. For more information regarding TOEFL, please visit http://www.toefl.org

      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.

    • ENROLLMENT

      Program Price *

      Course 2018-2019

       

      • Reservation fee: €450 (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: €2,701.2 (€45.02/ECTS credit)
      • Non EU students: €5,044.2 (€84.07/ECTS credit)

       

      ✎│Masters prices


      * The price of enrollment does not include in any case the rate of expedition of the Master Degree Certificate.

      Additional information

      • You can register on the Master’s degree program when you have finished the application admission process and you have received your acceptance.
      • Information about Full-time enrollment.
      • The email address which the University provides to the student upon enrollment will be used principally for communications with said student. For this reason, it is essential that it be actualized and periodically consulted.
      • Failure to make payment shall result in non-admission or termination of enrollment according to that established by the University. In case of annulment of registration because of failure to make payment, Universities can demand payment for previous enrollment in earlier academic years as a previous condition for enrollment.
        Universities shall not issue a diploma or certificate when a student has payments of any kind pending.

      ✎ Enrollment master's programs

      ✎ ECTS credits recognition

  • SCHOLARSHIPS

    A scholarship can be offered that includes the covering of the tuition fees and a determined monthly amount. The renewal of the scholarship for the second year of the master's degree is conditioned to the academic performance.

    Students admitted to the Ph.D. program in Economics will receive funding for the three years of the studies. In order to this, they must fulfil all the obligations of the program and follow the code of conduct of the University.

    Complete uc3m study aids for the ACADEMIC year 2018/2019

    CALL M03-1819 │ RESOLVED

    The Carlos III University of Madrid announces 7 full grants to study the Master in Economic Analysis in the academic year 2018/2019, which gives access to doctoral programs of the UC3M. The full aid will include the corresponding academic fees, as well as a monthly allowance of € 909.00 gross.

    To apply for the aid it is necessary to have made the application for admission to the Master. Once the notification of admission is received, the student must pay the place reservation within the established deadlines (if the student is finally awarded, the amount of the reservation will be refunded).


    Application deadline: 28th August 2018.


    Application for Aid

    » More information

    CALL M02-1819 │ RESOLVED

    The Carlos III University of Madrid announces 15 full grants to study the Master in Economic Analysis in the academic year 2018/2019, which gives access to doctoral programs of the UC3M. The full aid will include the corresponding academic fees, as well as a monthly allowance of € 909.00 gross.

    To apply for the aid it is necessary to have made the application for admission to the Master. Once the notification of admission is received, the student must pay the place reservation within the established deadlines (if the student is finally awarded, the amount of the reservation will be refunded).


    Application deadline: 17th May 2018.


    Application for Aid

    » More information

    General Information about grants and scholarships

    You can find more information about scholarships of UC3M and other agencies or entities.

    Financial aid/scholarships for graduate programs

    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
  • 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. Who HAS to send the letters of presentation?

    Letters of presentation must be sent by the referees to mae@uc3m.es, using the electronic format that can be downloaded at tap “Admission”. Letters sent directly by candidates will NOT be accepted.

    Referees will get a confirmation email within approximately one week after receiving their letters of presentation. They can thus inform you of whether their letter of presentation arrived safetely.

    Unless otherwise specified, no other document will be sent by email. Applicants will upload their documents onto the Application Platform.

     

    3. 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.

     

    4. 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.

    5. Are GRE and TOEFL equivalent?

    Absolutely NOT. Although both exams are taken in English, TOEFL measures only language skills, whereas GRE also includes quantitative reasoning.

     

    6. 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.

     

    7. Who does not need to submit the TOEFL score?

    Students who have taken their Bachelor’s degree and/or their Master Program in English or anyone who can provide any other OFFICIAL evidence of their knowledge of English.

     

    8. When will I receive news of my admission?

    All the applicants will receive an informative email in 20 days after the last deadline (20th June). Successful applicants usually receive offers within 20 days after their corresponding deadline.

    Unsuccessful applicants in one round will be considered automatically for the next round.

     

    9. Why are there two application deadlines?

    We make admission offers in the 25 days after each of the corresponding deadlines. Students who do not receive an offer and whose application is not explicitly rejected are automatically considered in the next application deadline. Students are strongly encouraged to apply early as we do not commit to keep available places in later deadlines.

     

    10. 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 900€ gross. Continuing financial aid is subject to satisfactory academic progress.

     

    11. When taking the TOEFL and GRE, what is the UC3M code?

    When you take the TOEFL and GRE exam you may specify the university where you want your results to be sent. For that purpose, you have to inform both the University code (4197, Universidad Carlos III de Madrid) and the Department code (84, Economics). In any case, in order to avoid any possible delay receiving the results by postal mail, we strongly advise you to also upload a scanned copy of your results on the application system.