The UC3M PhD program in Economics is structured into two parts. The first one consists of the Master’s of Economic Analysis, lasting two years. The second one corresponds to doctoral studies with a duration of three years. Transition from the Master’s to a PhD program depends on high academic performance in terms established by the PhD Administrative Board.
The Master’s in Economic Analysis is research oriented and is taught entirely in English. It is structured into a series of compulsory courses in econometrics, microeconomics and macroeconomics during the first three semesters. In the last semester, students choose three optative courses in accordance with their field of research to develop their Master's Thesis.
To access the UC3M Doctoral Program in Economics, Master’s students must pass three exams ('Qualifying exams') that evaluate knowledge acquired in the areas of microeconomics, econometrics and macroeconomics.
The Department of Economics offers fellowships to those students who carry out teaching tasks as teaching assistants.
Throughout the PhD period, students are dedicated full-time to the completion of their doctoral thesis under the supervision of their thesis advisor. Their training is completed by attending weekly seminars of guest professors to the Department of Economics. The Ph.D. program organizes summer courses on current issues, taught by leading professors in their fields of research who teach at the most prestigious worldwide universities. Likewise, the doctoral program organizes weekly seminars (Reading Workshop) in which students and professors discuss research work in all fields of economics (micro, macro, applied economics, and econometrics). Students also give presentations of their research papers in internal seminars (Ph.D. Student Workshop) for both, fellow students and faculty. In this way they receive feedback to help improve their work while improving their oral communication skills. To facilitate international placement of our Ph.D. candidates, our students are encouraged to present their research work in meetings organized with other doctoral programs belonging to the ENTER network (ENTER Jamboree Meetings) as well as in international conferences. It is also common for our students to carry out research stays at universities in the United States and Europe.
The doctoral thesis will be the compilation of articles that can be published in quality scientific journals. Students in their last year of the Ph.D. program participate in the job market event for doctoral degree holders in economics in which universities, central banks and international public and private institutions participate. See the results of its job placement here.
The Universidad Carlos III de Madrid Ph.D. in Economics is considered one of the best programs in Europe and is ranked 32nd worldwide. In addition, it is a member of the ENTER network (European Network for Training in Economic Research add link here), a cooperative alliance of eight leading European Economics Departments with international doctorate programs: Universitat Autónoma de Barcelona, Free University Brussels, University of Mannheim, Stockholm School of Economics- University of Stockholm, University of Tilburg, University of Toulouse, University College of London, and Carlos III University of Madrid. For further information: https://www.uc3m.es/ss/Satellite/Doctorado/en/Detalle/Estudio_C/1371210407873/1371210298374/Economics
The admissions are managed by the postgraduate Admission Office of the University. Admission decisions are made by the Admissions Committee of the Economics Department. These are highly selective. Each year the program receives around 300 access requests for a total of 20 places. The majority of students receive study grants.