Master

 provides students with a working knowledge of the main tools of quantitative economics. It is directed to graduates in economics, mathematics, and engineering, as well as to graduates in social sciences with a taste for rigorous analysis.

The program prepares students to pursue a professional specialization in one of the different fields of economics, leading to a career in government agencies, international organizations, or the private sector. It serves as well as a first step to students who plan to pursue a research career by enrolling into a PhD program in economics.

In past years, our students have been placed in top Ph.D. programs in Economics (University of Minnesota, University College London, European University Institute, among others), in leading financial institutions and consulting firms (e.g. BBVA Research, KPMG, Ernst & Young, Afi), and in government agencies and ministries (e.g. European Central Bank, Bank of Spain, regulators and treasuries).

The Master is a full-time one-year program (60 ECTS), during which students take 6 mandatory courses in Microeconomics, Macroeconomics, and Econometrics, and complete their studies with three optional specialized courses on the topics of their professional interest. In addition, students must complete a Master’s thesis.

#52 of the world and #11 of Europe in the Ranking of the European Economic Association

#55 of the world and #16 of Europe in the Ranking of Tilburg University on Economics (2011-2015)

70% of the professors have taken doctorates in prestigious universities in Europe and the United States

The Master in Economics provides students with a working knowledge of the main tools of quantitative economics. It is directed to graduates in economics, mathematics, and engineering, as well as to graduates in social sciences with a taste for rigorous analysis. The program prepares students to pursue a professional specialization in one of the different fields of economics, leading to a career in government agencies, international organizations, or the private sector. It serves as well as a first step to students who plan to pursue a research career by enrolling into a Ph.D. program in economics. 

The request is made electronically through our application. Before starting the admission process, please visit the school website for more information.

Applicants must possess the equivalent of a bachelor’s degree (three or more years of studies at an official university). Students in the last year of their studies may apply and receive admission conditional on successful completion of their Bachelor’s program.

Admission will be decided by the Master’s Academic Committee. Candidate selection will be based on the following criteria:

(*) Grades, quality of the university of origin, and student’s preparation for the quantitative aspects of the program.

(**) Reference letters (preferably academic and in English) will be received through the admission application platform. To do this, the student will add the emails of at least two referees, who will receive a link where they can upload their letters. The letter writer should specify the name of the candidate and the master's program in the message.

(***) Provide the CV and Motivation Letter preferably in English.

The Master's Degree is aimed at graduate students in the areas of Economics, Science and Engineering, although applications for graduates in Social or Legal Sciences will be attended provided that their training is by the requirements of the Master's subjects.

 required to study a Master’s at UC3M, depending on whether it is in Spanish, English or bilingual.

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 using The Hague Apostille. They must also submit the transcript of records, with the grade point average, duly legalized.

Ordinary Phase from December 2, 2024 until May 31, 2025

All information will be published by the end of November at the link below:

 https://www.uc3m.es/postgraduate/admission/process

Admissions Option 2

For the academic year 2024-2025 a call has been published for a maximum of 

 for payment of the net enrolment fees for students accepted into the Master’s, with the following provision:

Scholarships and Funding Option 2

The Master is a full time one year program (60 ECTS), during which students take 6 mandatory courses in the Microeconomics, Macroeconomics, and Econometrics, and complete their studies with three optional specialized courses on the topics of their professional interest. In addition, students must complete a Master’s thesis.

Curriculum

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

EU students: €7,800 (€130/ECTS credit)

Non EU students: €11,700 (€195/ECTS credit)

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.

Prices are valid for the 24/25 academic year; they are pending the Community of Madrid approval for the 25/26 academic year.

Program Tuition Fees Option 2

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Program Admission Requirements

Economic Studies

Economics

UC3M is a Spanish public university that excels in research, teaching and innovation. It is among the best universities in the world in the QS World University Rankings 2025 and among the best institutions in employability, according to The Global University Employability Ranking and Survey (Geurs2024). In the latest edition of THE Impact Rankings, it was ranked 24th in the world for its commitment to peace and justice. It has more than 780 agreements with universities in 57 countries, among which there are some of the best universities in the world according to the Shanghai University ranking. 27,8% of its students are international. The University is one of the promoters of the Young Universities for the Future of Europe (YUFE) alliance, one of the networks selected by the EU in its European Universities Initiative. UC3M is the first university in Europe to obtain the ACEEU dual accreditation for its contribution and impact on the industrial and social fabric, and it also has other accreditations and distinctions of quality such as the EUR-ACE seal in the field of engineering or the AACSB accreditation in business and finance programs. 

Master in Economics

Introduction

Master in Numbers

Admissions

Scholarships and Funding

Curriculum

Year 1 - Semester 1

Year 1 - Semester 2

Program Tuition Fee

Program Admission Requirements

About the School

Questions