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Economics, Master

  • Application Deadline
  • 12 months


It is directed to graduates in economics, mathematics, and engineering, as well as to graduates in social sciences with a taste for rigorous analysis.

Learning outcomes

The Economics program at Carlos III University of Madrid 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 the last five 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, Santander, European Investment Bank; Bearing Point, Afi), and in government agencies and ministries (e.g. AIReF, CNMC in Spain and their foreign equivalents)

Programme Structure

Courses included:
  • Microeconomics 
  • Macroeconomics 
  • Econometrics 
  • Game Theory
  • Industrial Organization 
  • Development Economics
  • Business and Finance 
  • Mathematics


Direction: Prof. José Luis Ferreira García

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 12 months
  • Credits
    60 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:


    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

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  • Minimum required score:


    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®

General Requirements

  • 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.
  • 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.

Tuition Fee

Living costs for Madrid

  • 745 - 1260 EUR/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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