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Graduate Program in Economics at Universidad Carlos III de Madrid

Autor: Ovidiu Ioan Moisescu

Publicat: 15 Ianuarie 2023


The Graduate Program of Economics at Universidad Carlos III de Madrid consists of a two-year Master in Economic Analysis, followed by a three-year Ph.D. 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 in the first year, students choose a number of specialized field courses during the second year. The courses bring students to the research frontier and provide them with quantitative and analytical tools to analyze relevant economic problems.

After satisfactorily completing the required coursework of the Master in Economic Analysis, those students who perform well and pass qualifying examinations in the three major fields (macroeconomics, microeconomics, and econometrics) are admitted to the Ph.D. program. During the Ph.D. program, students are engaged in full-time research towards the completion of a doctoral dissertation, under the supervision of a faculty advisor.

The Graduate Program in Economics at Universidad Carlos III is considered one of the top programs in Europe. In a study by Amir and Knauff (2005), the program was ranked 32 worldwide, based on the placement of Ph.D. students. In a study sponsored by the European Economic Association, and published by the Journal of the European Economic Association(vol. 1, 1346-1366, 2003) the Department of Economics ranked 9th in the European Union and 52nd worldwide. More recently, the University was ranked 45th worldwide in the QS World University Rankings by subject 2020: Economics & Econometrics.

Financial Support

Most first-year students of the master program are offered financial aid including a fee waiver and a monthly stipend through a Teaching Assistantship (TA) position. We expect to offer around 15 TA positions to second-year students, though the final number may vary depending on the students’ performance and the teaching needs of the department. Students admitted to the Ph.D. program get automatic financing for the three years of the Ph.D. program.

Living in Madrid

Application Requirements

✓ Undergraduate degree in related discipline
✓ Graduate Records Examination (GRE): Not mandatory but recommended
✓ English proficiency exam (TOEFL, IELTS, or Cambridge)
✓ Personal data/Curriculum Vitae
✓ Motivation Letter
✓ Transcript of records
✓ Two anonymous Reference Letters

How to apply

The application process for the master's programs is online and it opens by December 1st (first deadline January 31st). For further information visit:

Application process

Information about the program


According to the rankings provided by QS, Universidad Carlos III de Madrid is currently a top 100 worlwide university in the Economics & Econometrics field.

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