Study cover for Macroeconomic Policy and Financial Markets
Master On Campus

Macroeconomic Policy and Financial Markets

Barcelona School of Economics

9 months
Duration
16500 EUR/full
16500 EUR/full
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

Students of the Macroeconomic Policy and Financial Markets programme at Barcelona School of Economics will obtain relevant knowledge about the central issues in Macroeconomic and Financial Economics analysis, as well as the key tools, data, models, and techniques now being used by public and private institutions.

Visit the official programme website for more information

Overview

Policy-makers are often forced to make decisions under conditions of uncertainty, but the results of these decisions may directly influence a country’s overall economic performance.

While a thorough understanding of aggregate economy dynamics is necessary for success, it is not entirely sufficient. Organizations must also be knowledgeable of the many sources of aggregate risk and uncertainty and must rely on the analytical tools available to study the aggregate economy.

Financial and consulting firms increasingly utilize complex economic theories. Students will not only learn how to use these modeling and statistical techniques but will conduct an independent master's project to learn how to apply these new skills to real empirical work.

Our program also offers students guest seminars and lectures by international academics and practitioners. A closing conference will be held as an interactive forum between the academic and professional worlds. The presentation and discussion of students' applied work will be combined with expert talks covering both institutional topics as well as the presentation of original academic research.

This program covers economic models such as the dynamic stochastic general equilibrium (DSGE), vector autoregression (VAR), and autoregressive conditional heteroskedasticity (ARCH). Our graduates are prepared with an expert grasp of aggregate economy and financial function fundamentals, able to build macroeconomic and market forecasts - skills that consulting firms, investment banks, and government agencies are all in need of.

What skills and knowledge will I acquire in this program?

  • Deep knowledge of the economic theory behind macroeconomic models of financial markets
  • Comprehension of the dynamics affecting financial and policy-oriented decision-making
  • Numerical methods and simulation techniques applied to quantitative macroeconomics, policy design, and evaluation
  • Precise econometric techniques required for a state-of-the-art applied analysis
  • Ability to create and deliver technical and executive reports and publicly communicate and discuss research work

Who hires Macro graduates?

  • Consulting Firms
  • Financial Services
  • Government & Authorities
  • International Organizations / Non-profits
  • Research & Academic Institutions
  • Other Industries

Examples of recent placements:

  • Accenture AG − Consultant − Zurich, Switzerland
  • AIREF − Research Assistant − Madrid, Spain
  • Australian Federal Treasury − Analyst − Canberra, Australia
  • Bank of England − Economist − London, United Kingdom
  • Center for Monetary and Financial Studies (CEMFI) − PhD Student − Madrid, Spain
  • CPB Netherlands Bureau for Economic Policy Analysis − Macroeconomist − Amsterdam, Netherlands
  • European Central Bank − Trainee in the DG Monetary Policy − Frankfurt, Germany
  • European Investment Bank (EIB) − Intern in the Economic Department − Luxembourg, Luxembourg
  • OECD − Traineeship − Paris, France
  • Roland Berger − Research Specialist − Kiev, Ukraine
  • Universitat Autònoma de Barcelona (UAB) − PhD Student − Barcelona, Spain
  • Universitat Pompeu Fabra (UPF) − PhD Student − Barcelona, Spain
  • World Bank − Consultant − Washington, USA
  • World Trade Organisation (WTO) − Intern − Geneva, Switzerland

Here is a brief profile of the classmates that a Master's student in the BSE Class of 2022 will meet this year:

  • Most students have undergraduate degrees in Economics or Finance. Others come from Engineering, Mathematics, or other backgrounds. 
  • Most of the students has work experience before joining BSE, but there are other students who were accepted to pursue the Master's programs immediately after obtaining their undergraduate degrees.
  • All continents are represented in the Class of 2022. This year, students come from 49 different countries, with 86% of students coming from outside of Spain and 44% of students coming from outside Europe.

Accreditation

All Barcelona School of Economist Master's degrees have been recognized by the Catalan and Spanish Education authorities and within the framework of the Bologna Process (in Spanish, “Master Universitario o Master Oficial”).

The Barcelona School of Economics has been distinguished as a Severo Ochoa Center of Excellence in every edition of the program (2012-15; 2016-19; 2020-23)

Programme Structure

  • In the first Term, all Macroeconomic Policy and Financial Markets Program students are required to take a mathematics, statistics, and computer tools brush-up course.
  • In the second term, students will have the opportunity to take a course in Text mining and web scraping with R. This course is not mandatory, but highly recommended.
  • A master project, which will be supervised in regular meetings with an advisor, will allow each student to put their knowledge into practice and improve their writing and exposition skills.
  • By the end of the program, students must complete 60 ECTS (a total of 6 mandatory courses and 9 elective courses)

Audience

Who will benefit from this program?

  • Graduates in Economics, Business Administration, and Engineering
  • Junior analysts and other professionals at central banks and public institutions seeking to improve their profile
  • Prospective Ph.D. students looking for a solid master's program in Economics

Key information

Duration

  • Full-time
    • 9 months

Start dates & application deadlines

Credits

60 ECTS

Delivered

On Campus

Academic requirements

GRE admission requirements GRE®
Required

Other requirements

General requirements

  • An undergraduate/bachelor/grado/laurea, or equivalent degree from an accredited college or university (for Bologna degrees, a minimum of 180 ECTS are required).
    • A typical applicant would hold a University Diploma in Economics, Finance, Engineering, Mathematics, Statistics or Business Administration. See our Student Profile for more detailed information.
    Not required but highly recommended:
    • GRE General Test

      Candidates will also be evaluated on the following admission criteria:

    • Outstanding academic record
    • Quantitative skills
    • Reference letters

Tuition Fee

To alway see correct tuition fees
  • International

    16500 EUR/full
    Tuition Fee
    Based on the tuition of 16500 EUR for the full programme during 9 months.
  • EU/EEA

    16500 EUR/full
    Tuition Fee
    Based on the tuition of 16500 EUR for the full programme during 9 months.

Living costs for Barcelona

770 - 1360 EUR /month
Living costs

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

Funding

Types of financial aid that may be offered to students include:

  • Waivers for 100%, 75%, 50% and 25% of tuition fees
  • A limited number of fully-funded scholarships

Financial aid will only be awarded to candidates who have an outstanding academic record. While applications are open every year until June 25, preference in funding will be given to candidates with completed applications who apply before January 15. 

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.

Our partners

Macroeconomic Policy and Financial Markets
-
Barcelona School of Economics

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