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Economics, Master

  • Application Deadline
  • 12 months
University rank #298 (QS) ,
The Master in Economics at Carlos III University of Madrid 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 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.

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.

Programme Structure

Courses include:

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


Direction: Prof. José Luis Ferreira García

Detailed Programme Facts

  • Programme intensity

    You can choose to do this programme part-time or 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.

    Schedule IELTS
  • 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

  • International

    11700 EUR/year
    Tuition Fee
    Based on the original amount of 11700 EUR per year and a duration of 12 months.
  • EU/EEA

    7800 EUR/year
    Tuition Fee
    Based on the original amount of 7800 EUR per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

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.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.


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