Do you have a strong academic record and a passion for research? Do you wish to develop your studies at the leading edge of knowledge in your field? Would you like to meet international experts in economics research?
If you answered yes, the Master in Economic Analysis is for you. This Master is aimed at students with strong qualifications whose goal is to pursue PhD studies and learn how to produce research of high quality in economics.
Focus on research, this two-year program is undertaken 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 chose three elective courses most adapted to their field of research to develop their Master's Thesis. To access the Doctoral Program in Economics at UC3M, students enrolled in the Master have to pass three exams that evaluate the knowledge acquired in the areas of microeconomics, econometrics and macroeconomics.
The Department of Economics offers a limited number of fellowships that include a monthly stipend, in addition to covering tuition fees. The renewal of the grant is conditional on satisfactory academic performance on the part of the student.
A total of 95% of the graduates from the Master's degree program continue their doctoral studies at prestigious universities. The remaining 5% access the non-academic labor market in research centers, consultancies and international organizations.
The Master’s in Economic Analysis participates in the ENTER network (European Network for Training in Economic Research), a cooperative alliance of eight leading European Economics Departments with international Ph.D. 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 Universidad Carlos III de Madrid.
The department of economics of the Universidad Carlos III de Madrid has received the following award: Notable Mentions - Top 20 Places to Do a Master's” of the 2021 INOMICS Awards
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.
Applications are evaluated in three rounds. Early applications are strongly encouraged and we cannot guarantee vacancies for last deadlines.
- 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.
- Who has to send the letters of presentation?
Letters of presentation must be sent by the referees to email@example.com, 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.
- 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.
Students from outside the European Union, have to provide:
- 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.
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.
- 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.
- 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.
- 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 quantitative skills of the applicants.
- 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.
- 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.
- 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.
- 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.
For any other question, send an email firstname.lastname@example.org
Course 2 - Semester 1
C - Compulsory
E - Elective
Cui RuiPhD defended in 2019, currently Assistant Professor at East China Normal University
The MAE program has provided a comprehensive and solid foundation for my research in the PhD period. The courses are reasonable and very deep, which not only provide the essential skills for my own research, but also help me to understand the modern economics from a global view. In addition, the program has offered lectures by "Chairs of Excellence", which is very interesting and I have found my topic from that lecture.
Federico CurciPhD defended in 2019, currently Assistant Professor at CUNEF
Thanks to the Master's in Economic Analysis I could get the necessary quantitative skills in order to conduct relevant research in the topics I like the most.
Beatriz GonzálezPhD defended in 2019, currently Researcher in Economics at Banco de España
The Masters in Economic Analysis program from the University of Carlos III of Madrid is a demanding program that pushes students to their limits and fosters intellectual and personal growth. I have had the opportunity to collaborate with students from all over the world and achieve success by working together. The faculty is composed of international professors with ambitious research agendas, who help us to obtain a strong background in economics, and motivate us to push the frontiers of economic knowledge.
Li YuhaoPhD defended in 2019, currently Assistant Professor at Wuhan University
The Economics in Analysis program has provided a rigorous, deep-level curriculum that covers all disciplines of Economics studies. The high quality training I received in Econometric and Statistics has proved to be essential for my research. Topic courses (including invited courses) in senior year expose latest research progress to students and are extremely enlightened. In fact, my Ph.D thesis is based on one topic covered in those courses. I am grateful to have all the support from the program.
Michele RosenbergPhD defended in 2020, currently Assistant Professor at University of Essex
The master gave me the skills necessary to do academic research at the frontier of economics.
Weifeng JinPhD candidate
The training in this program provides me a thorough understanding of economics and enhances my skills both in quantitative analysis and logical thinking. I would appreciate it for helping me start my research career.