Master in Economic Development and Growth (MEDEG)
Graduate School of Economics and Political Science
- Direction
- Prof. Dácil Tania Juif
- Language
- English
- Attendance
- On-campus
- Credits
- 60
- Campus
- Getafe
- Applications
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☛ Places available: 40
- Departments
- Social Sciences Department, Economics Department
CONTACT
Click here and make your query
APPLICATION FOR ADMISSION
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The Master in Economic Development and Growth will provide you with the required theoretical and quantitative tools to understand the problem of economic development.
The programme offers advanced training in economics and econometrics, while it also provides a wide comparative perspective on economic development. In addition, the student can zoom in more specific problems of developing economies like poverty and inequality, the impact of globalization, agriculture and rural institutions, or financial development.
This master will prepare you for careers in international organizations, the international non-profit sector or think-tanks, public institutions and multinationals with interests in emerging and developing economies, as well as giving you the necessary preparation to start doctoral studies in the field of development or related studies.
IMPORTANT: In addition, students who have completed the required 60 ECTs can decide to spend a second year at the University of Lund (Sweden) joining our 2-year programme with the University of Groningen (the Netherlands) and the University of Lund (Sweden).
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☛ MEDEG was an Erasmus Mundus Master programme and offered EU funded scholarships for seven consecutive academic years from 2010 until 2016.
│MASTER IN NUMBERS
- ☛ A maximum of 40 students per class
- ☛ More than 80% are international students
- ☛ 1/3 are NOT europeans students
- ☛ More than 150 alumni professionals and academics in the field of development and related studies
- ☛ 70% of teaching faculty obtained their PhD degrees in top US and European institutions
- CURRICULUM
- CURRICULUM
Year 1 - Semester 1
MODULE I: ECONOMIC THEORY Subjects ECTS TYPE Language Microeconomics 3 C International Economics 3 C MODULE II: ECONOMIC GROWTH Subjects ECTS TYPE Language Economic growth: Theory and Empirical Methods 6 C MODULE III: ECONOMY AND DEVELOPMENT INSTITUTIONS Subjects ECTS TYPE Language Development Economics 6 C Advanced Research Methods 3 C MODULE IV: QUANTITATIVE METHODS Subjects ECTS TYPE Language Introduction to Econometrics 3 C Econometrics I: Time Series 3 C Year 1 - Semester 2
MODULE I: ECONOMIC THEORY Subjects ECTS TYPE Language Macroeconomics 3 C MODULE II: ECONOMIC GROWTH Subjects ECTS TYPE Language Economic growth, Convergence and Globalization in the Long Run 3 C MODULE III: ECONOMY AND DEVELOPMENT INSTITUTIONS Subjects ECTS TYPE Language The Economic Development of Latin America in the Long Run 3 C MODULE III: ECONOMY AND DEVELOPMENT INSTITUTIONS
Electives (Choose three)Subjects ECTS TYPE Language Labour Markets in Developing Countries 3 E Agricultural Development and Rural Institutions 3 E Institutions, Development and Growth 3 E Economic History 19th and 20th Century 3 E Financial Systems in Developing Countries 3 E MODULE IV: QUANTITATIVE METHODS Subjects ECTS TYPE Language Econometrics II: Micro-econometrics 3 C TFM Subjects ECTS TYPE Language Master Thesis 12 C vacio C= Compulsory : 36 ECTS
E= Elective Course: 12 ECTS
Master's Thesis: 12 ECTS
course Programs
- QUALITY
GENERAL COURSE INFORMATION
☛ First year offered: 2010
PROGRAMME’S QUALITY ASSURANCE
The Academic Committee of the Master’s programme complies with the SGIC-UC3M and it is responsible for the follow-up, analysis, review, assessment and quality of the program, it contributes with proposals to improve the program and produces the “Memoria Académica de Titulación” (Programme Report).
FACULTY AND COURSE PLAN
Graduate Profile and Competences
- CURRICULUM
- FACULTY
The Master's program is taught by a highly qualified team of lecturers and professors including academics from the departments of Economics and Economic History, and experts in the field of development, with extensive experience in national and international bodies.
The courses combine theoretical and quantitative analysis of development problems, with discussion of practical management tools and evaluation of policies and projects.
UC3M FACULTY
- ALVAREZ NOGAL, CARLOS
Social Sciences Department
Full Professor
PhD - Universidad de Valladolid
Brief CV
- BATTILOSSI, STEFANO
Social Sciences Department
Associate Professor
PhD - University Turin
Brief CV
- CACERES DELPIANO, JULIO
Economics Department
Visiting Professor
PhD - University of Maryland
Brief CV
- CARMONA, JUAN
Social Sciences Department
Associate Professor
PhD - Universidad Complutense de Madrid
Brief CV
- CARRASCO, RAQUEL
Economics Department
Associate Professor
PhD - CEMFI and Universidad de Alcalá
Brief CV
- DOMENECH FELIU, JORDI
Social Sciences Department
Associate Professor
PhD - London School of Economics
Brief CV
- FERNÁNDEZ, EVA
Social Sciences Department
Associate Professor
PhD - Universidad Carlos III de Madrid
Brief CV
- GONZALO MUÑOZ, JESUS
Economics Department
Full Professor
PhD - University of California-San Diego
Brief CV
- HOUPT, STEFAN OLIVER
Social Sciences Department
Associate Professor
PhD - Universidad Carlos III de Madrid
Brief CV
- JUIF, DÁCIL
Social Sciences Department
Associate Professor
PhD - Eberhard-Karls University of Tuebingen
Brief CV
- MARTINELLI, PABLO
Department of Social Sciences
Visiting Professor
PhD
Brief CV
- MORA, RICARDO
Economics Department
Associate Professor
PhD - London School of Economics
Brief CV
- NICOLINI ALESSI, ESTEBAN ALBERTO
Social Sciences Department
Visiting profesor
PhD - Universitat Pompeu Fabra, Barcelona
Brief CV
- PRADOS DE LA ESCOSURA, LEANDRO
Social Sciences Department
Emeritus Professor
Full Professor
PhD - Oxford
Brief CV
- ROMERO MEDINA, ANTONIO
Economics Department
Associate Professor
PhD - Universitat Autònoma de Barcelona
Brief CV
- ROSES, JOAN R.
Professor of Economic History
London School of Economics
Brief CV
- SANTIAGO CABALLERO, CARLOS
Social Sciences Department
Associate Professor
PhD - London School of Economics
Brief CV
- SEOANE BERNADAZ, HERNAN DANIEL
Economics Department
Assistant Professor
PhD - Duke University
Brief CV
- TENA JUNGUITO, ANTONIO
Social Sciences Department
Full Professor
PhD - Universidad de Alcalá
Brief CV
- VELASCO, CARLOS
Economics Department
Full Professor
PhD - London School of Economics
Brief CV
- WELLSCHMIED, FELIX
Department of Economics
Associate Professor
PhD in Economics, University of Bonn
Brief CV
- ALVAREZ NOGAL, CARLOS
- ADMISSION
- ADMISSION
Application
The request is made electronically through our application. Before starting the admission process it is important to consult the supporting information that we offer below:
Requirements
The basic requirement for admission to the Master's course is to have obtained or to be about to obtain prior to start of the Master's courses, either an official degree - or in the case of foreign qualifications, an equivalent (Degree, Bachelor's degree) - either in Economics or a related discipline.
Admission criteria
In the selection process, the Committee will be based on the following criteria:
ADMISSION CRITERIA % Academic record 60% Letters of reference 10% Motivation letter 10% Other qualifications and courses 10% Other professional and research experiences 10% Notwithstanding the admission criteria Indicated above, the Academic Committee may consider to hold a personal Interview with the candidates if the Committee finds it necessary for its final decision.
Language requirements
Check the general language requirements required to study a Master’s at UC3M, depending on whether it is in Spanish, English or bilingual.
Application and selection process
In order to be considered, application forms must be accompanied by the following documents:
Reference letters (Optional, not required). Applicants can optionally send one or two reference letters.
Referees should send their reference letters to the address supplied below indicating the name of the applicant and the programme (MEDEG) in the email heading.
- Reference Form
☛ Letters can be written using the format supplied or any other format.
You should ask the referees to send their reference letters to soporte@postgrado.uc3m.es.
students with foreign university degrees
Once admitted to the Master’s program, students holding a university degree from a higher education institution outside the EHEA must provide the diploma, legalized through diplomatic procedures or by The Hague Apostille, for enrollment. They must also submit their transcript of records, including the grade point average, duly legalized.
More information about Legalization of Foreign Documents.
If needed, documents must be accompanied by an official sworn translation into Spanish.
- Reference Form
- ENROLLMENT
TUITION FEES*
Reservation fee: €800
- it will be paid once the student receives notification of admission to the master’s, and deducted from the first tuition payment
- the reservation fee will only be refunded if the master program is cancelled
60 ECTS in the first academic year:
- EU students: €7,800 (€130/ECTS credit)
- Non EU students: €11,700 (€195/ECTS credit)
NOTE: the indicated public prices do not include in any case, neither the ECTS corresponding to the Formative Complements that the student must take (only master's degrees with previous Formative Complements), nor the cost of issuing the master’s degree certificate.
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* Current fees for the 24/25 academic year, pending approval by the Community of Madrid for the 25/26 academic year.
Additional information
- You may enrol on the master’s degree after completing the admission process and receiving formal confirmation of your acceptance.
- When performing the enrolment you can choose between Full-time enrolment or Part-time enrolment.
- The email address provided upon enrolment will be used for formal communications; students are therefore kindly requested to check their mail regularly.
- Pursuant to the regulations of the Universidad Carlos III de Madrid, a student failing to pay any part of the fees will not be admitted and the enrolment process will be terminated. In cases of cancellation of enrolment due to non-payment, the University may demand the payment of the pending amounts for enrolment in previous academic courses as a prior condition of enrolment.
No diploma or certificate will be issued if a student has any outstanding payments.
- ADMISSION
- SCHOLARSHIPS
UC3M SCHOLARSHIPS FOR ACADEMIC YEAR 2025/2026
CALL AM01-25/26* │ OPEN
For the academic year 2025-2026 a call has been published for a maximum of 8 scholarships for payment of the net enrolment fees for students accepted into the Master’s, with the following provision:
- 8 scholarships of € 3,000 or € 1,500
To apply, you must have completed the application for admission to the Master’s.
Application deadline: May 31, 2025
Partial resolutions:
- first partial resolution: from February 21, 2025
- second partial resolution: from April 27, 2025
- third and final resolution: from June 20, 2025
* The number of grants and amounts specified in the call, may vary depending on the conditions of the candidates who apply to them, can be even deserted as assessed by the Selection Committee for each program.
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General information on scholarships
For more information on specific scholarships of interest, awarded by the Universidad Carlos III de Madrid as well as other agencies or organizations, please refer here:
- PRACTICAL INFORMATION
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MASTER’S COURSE SCHEDULE
VIRTUAL SECRETARIAT
MATERIAL RESOURCES OF THE PROGRAMME
- JOB OPPORTUNITIES
There are several job opportunities for Graduates of the Master in Economic Growth and Development:
a) In a private business Specifically:
• Private businesses and financial institutions operating in developing countries and emerging markets, especially although not exclusively in research departments or areas;
• In private research centres concerned with economic development and growth
• In economic research departments of nongovernmental organisations operating in the sphere of economic development
b) In Public Administration, specifically:
• In economy ministries, central banks and government agencies in developing countries
• In government agencies of developed countries operating in the sphere of development cooperation
c) International bodies, specifically :
• multilateral agencies and organisations concerned with research into problems of economic development and financing, coordination and implementation of economic development projects (International Labour Organisation, United Nations Development Program, World Bank, International Monetary Fund, Inter American Development Bank, CEPAL- Economic Commission for Latin America and the Caribbean, UNESCO, OECD)d) At Universities and public and private research centres.
- CAREERS
By joining the Master in Economic Development and Growth you join a large network of practitioners and academics in the field of development and related studies. Alumni of the Master in Economic Development and Growth have taken jobs in research and consultancy firms, international organizations, government agencies and think tanks. There have been student placements in organizations like the World Bank, United Nation’s World Food Programme, the FAO, the International Labour Office, the UNDP International Policy Centre for Inclusive Growth, the European Bank for Reconstruction and Development, the European Investment Bank, or the Latin American Development Bank. For example, very recently, one of our students has joined the Bangkok office of the United Nations’ Disaster Risk Reduction Division, another student the Decent Rural Employment Team at FAO.
Other students have gained very valuable direct field experience in developing countries by working in the implementation of large surveys or collaborating in research projects in countries like the Philippines, Malaysia, Bolivia, Colombia, Mexico, Brazil, Dominican Republic, Malawi, Rwanda, Ethiopia or Morocco.
A smaller group of students have continued their studies pursuing PhDs at a wide array of universities in Europe and North America, with the more recent cases being the London School of Economics, the School of Oriental and African Studies (SOAS) at the University of London or the School of Global Studies at the University of Sussex (UK).
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- JOINT PROGRAMME
Joint programme Carlos III-Groningen-Lund
This international double degree trains you to be a well-rounded expert in the field of development. You get Master's degrees from two out of three top-class European research universities: Universidad Carlos III or University of Groningen and the University of Lund.
The programme provides you the theoretical and quantitative tools needed to grasp the main debates in economics and other social sciences, as well as the deep, specialized understanding of context, institutions, and historical legacies in developing economies required to deal with the full complexity of development issues. The MEDEG programme is offered by a consortium of the University of Groningen (The Netherlands), Universidad Carlos III de Madrid (Spain) and Lund University (Sweden). Candidates study the first year either in Groningen or Madrid. At the start of the second year students move to Sweden to specialize in development and growth issues at Lund University School of Economics and Management. Lund University accepts up to 30 students for the second Master's year, to be divided between first year MEDEG students from UC3M and University of Groningen.
The Carlos III-Groningen–Lund programme provides rigorous training in economics and quantitative methods and offers a variety of electives in central topics in development. At the end of each programme year you complete an independent research project, closely supervised by faculty. On successful completion, you will obtain either a Master in Economic Development and Growth from Universidad Carlos III de Madrid or an MSc in International Economics and Business from the University of Groningen, and a Master Degree in Social Science with major in Economic Development and Growth from University of Lund.
In the first year of the MEDEG programme in the Carlos III-Lund mobility you will study a 60 ECTS Master's degree programme in Economic Development. You will acquire advanced knowledge in economic theory, econometrics, and research methods in the first semester. In the second semester, you will study topics related to long run economic growth, comparative development performance or poverty and inequality. Closely supervised by faculty, you are also expected to complete an original piece of research on a topic of your choosing related to economic development to be defended in July.
In the second year at the University of Lund, you can further specialize in economic development in relation to issues such as demographic change, institutions, sustainability and energy, innovation and human capital. You take 15 ECTS of compulsory courses and 30 ECTS of electives and can choose elective courses of the MA programme in International Economics. You will also complete a Master's thesis worth 15 ECTS.
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☛ Programme web page at the University of Groningen
☛ Progamme web page at the School of Economics and Management, University of Lund