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.
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)
Get more detailsVisit official programme website
- 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)
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
Check out the full curriculumVisit official programme website
- 9 months
Start dates & application deadlines
- Apply before
DisciplinesEconomics Finance Econometrics View 9 other Masters in Econometrics in Spain
Explore more key informationVisit official programme website
- 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.
- GRE General Test
- Outstanding academic record
- Quantitative skills
- Reference letters
Candidates will also be evaluated on the following admission criteria:
Make sure you meet all requirementsVisit official programme website
International16500 EUR/fullTuition FeeBased on the tuition of 16500 EUR for the full programme during 9 months.
EU/EEA16500 EUR/fullTuition FeeBased on the tuition of 16500 EUR for the full programme during 9 months.
Living costs for Barcelona
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
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.
Double-check all feesVisit official programme website
Apply and win up to €10000 to cover your tuition fees.