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Master in Economic Development and Growth (MEDEG)

Graduate School of Economics and Political Science

Graduate Economics and Political Science School
Prof. Jordi Domenech Feliu


☛  Places available: 40

Social Sciences, Department of Economics


For more information click on the link and contact us



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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.

    Conjunto de edificios y casas chabolistas evidencian la falta de desarrollo sostenible

    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.



      Instituto Carlos III-Juan March de Ciencias Sociales
      Senior Visiting Professor
      PhD - Stanford
      Department of Economics
      Visiting profesor
      PhD - Universitat Pompeu Fabra, Barcelona
    • ROSES, JOAN R.
      Professor of Economic History
      London School of Economics


      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.



      Proof of full command of written and spoken English is required -- Cambridge Proficiency Certificate (A-C level), First Certificate of English from Cambridge ESOL Examinations (A level), TOEFL (minimum 80 points), International English Language Testing System del British Council (6,5 level).

      This requirement will be waved for students whose native language is English or who obtained a degree from a university in which English is the working language.


      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

      You can 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.

      Foreign students

      Once admitted to the Master, foreign students with university degree issued by a higher education institution belonging to an educational system outside the EEES must present, for enrollment, the diploma attesting to equivalent training that allows access to postgraduate studies, legalized by diplomatic procedures, or “The Hague Convention Apostille”. More information about Legalization of Documents.

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


      Program Price *

      Course 2018-2019


      • 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)

      Financial aid/scholarships


      ◢  More information about masters prices

      * Pending approval by the Community of Madrid for the course 18/19

      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.
      • When performing the enrollment you can choose between Full-time enrollment or Part-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.

      General information for enrollment in official Master’s degrees

      Information about credits recognition


    There are various grants available to students wishing to study on the MEDEG course:

    Grants funded by the International Ford Foundation Program (IFP Program)

    MAEC-AECID grants (Ministry of Foreign Affairs – Spanish Agency for International Cooperation for Development). Find out through search engine Colón-Estudios de Postgrado en España.

    Banco Santander  Grants

    Finally, students admitted to the MEDEG may obtain "soft" credits in order to finance their studies through agreements entered into by the University:

    Banco Santander Central Hispano offers special financing conditions for students who wish pursue their postgraduate studies at the Universidad Carlos III de Madrid. In order to view their profile, select the option I am a university graduate and I would like a postgraduate, doctorate or research super credit.

    UC3M Scholarships for the Year 2018/2019 *

    CALL AM01-18/19

    For the academic year 2018-19 has been published a call for a maximum of 10 grants for payment of the net enrollment rates for students accepted into the Master, with the following provision:

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

    Application deadline: 31st May 2018.

    Two possible resolutions: March and June 2018.

    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.

    Financial aid/scholarships

    » Electronic Bulletin of the UC3M (BOEL)



    The Fundación Carolina has opened its call for scholarships for the academic year 2018-2019 exclusively directed to students from all Latin American countries to complete their training in Spanish universities and study centers.

    • No. of scholarships: 1 financial aid for study
    • Deadline to apply for the scholarship: March 20, 2018

    [+] information

    Logotipo Fundacion Carolina

    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

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      titulo cabecera para seccion calendario academico

      Academic Calendar

      Academic Calendar 2017/18

      titulo cabecera para sección horario del master

      Program course schedule

      Direct access to timetable (Academic Year 2017/2018)

      titulo cabecera para sección secretaría virtual


      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

      icono cabecera para sección empleo y practicas


      Acces to Employment and internships


      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). 

      The Master guarantees an intense interaction between new students and the network of past graduates via our community manager Alexandra López-Cermeño (, who circulates job openings, information on PhD programmes and funding, student placements, and alumni testimonials:


      ☛ Video of master students internship in Mexico


    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. In the second year all students move to Sweden to specialize in development and growth issues at Lund University School of Economics and Management.

    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