Economics
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- Social Sciences
- Economics
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Director
Prof. Juan Carlos Escanciano
About the program
The main objective of the PhD Program is to provide training for researchers with rigorous analysis skills for the most relevant economic problems of our time. PhD students acquire the necessary tools to perform high quality research to publish in academic journals of international prestige.
Students from a research Master's Degree in Economic Analysis from a center of excellence can apply for admission to this Program.
Students in the Program have a full-time enrollment status until completion of the doctoral thesis and related training activities. The working language of the program is English.
The students of the Program must actively participate in different training activities:
- Attendance at weekly seminars by guest professors invited by the Department of Economics
- Participation in reading groups organized by the Academic Committee of the Program
- Presentation of research progress in the sessions hosted by the Program on a biannual basis
- Presentation and discussion of research progress in international conferences and meetings
- Attendance to summer courses on top subjects taught by guest professors
- Development of temporary stays in prestigious research centers in Europe and the United States
The doctoral theses resulting from this program consist of articles suitable for publication in quality scientific journals.
Job placements of students with a PhD in Economics are oriented towards the development of teaching and research in university centers or research centers of international excellence as well as research development in the private sector and in international organizations.
- Program regulated by RD 99/2011, February 28
- ACCESS
Student profile
The candidate profile must include the following:
- Research-oriented Master's degree in Economic Analysis awarded by a prestigious institution
- Excellent academic record
- Solid training in economics, analytics and mathematics
- High English skills (minimum equivalent to a B2 level)
- Research project within the framework of the lines of research of the Program
Admission requirements
According to art. 6 of the PhD studies regulation (RD 99/2011), in order to access the Program it is required to have a Bachelor's degree (or equivalent) and a Master's degree (or equivalent), provided that at least 300 ECTS credits have been passed in these two cycles as a whole, or the equivalent degree qualifies for level 3 of MECES (Marco Español de Cualificaciones para la Educación Superior, Spanish Framework for Higher Education Qualifications).
Likewise, access is available to candidates in possession of foreign degrees from countries integrated into the European Higher Education Area (EHEA) when the degree can be accredited as level 7 in the European Qualifications Framework (EQF), as long as the aforementioned degree allows access to PhD level studies in the country of expedition; and candidates with a degree which is equivalent to a Spanish Master's degree, obtained in foreign education systems outside the EHEA, as long as the aforementioned degree allows access to PhD level studies in the country of expedition.As a general rule, applicants must hold a research-oriented Master's degree in Economic Analysis awarded by a prestigious institution. Applications from students of the UC3M Master's Degree in Economic Analysis will get priority.
Students with other academic backgrounds can also be admitted, provided that they meet the requirements of the current Spanish legislation for access to Ph.D. studies and that their previous training is considered equivalent to that of the UC3M Master's Degree in Economic Analysis by the Academic Committee. It is recommended to students who do not meet this requirement that they apply to said Master's Degree.
Admission criteria
Admission to the program is determined according to the following criteria:
- UC3M Master's Degree in Economic Analysis or research-oriented Master's degree in Economics from a prestigious institution (20%)
- Excellent academic transcript in the abovementioned Master's Degree (40%)
- English skills (speaking, reading and writing, equivalent to a B2 level) (10%)
- Letter of recommendation from renowned professors in the area of Economic Analysis (20%). Professors can submit their letters directly to the UC3M Doctoral School at admisiondoctorado@uc3m.es
- PhD thesis project within the framework of the lines of research of the Department of Economics (10%)
For further details on the Economics Graduate Program, please download our Student Guide Guía del Estudiante
Seats available for the academic year: 10
- FACULTY
- Academic Committee
Prof. Juan Carlos Escanciano
Department of Economics. Director of the ProgramProf. Andrés Erosa
Department of EconomicsProf. Antoine Loeper
Department of Economics - Faculty
Economic Theory and Econometrics
- Cabrales Goitia, Antonio
Department of Economics
Universidad Carlos III de Madrid - Celentani, Marco
Departamento de Economía
Universidad Carlos III de Madrid - Corchón Díaz, Luis
Department of Economics
Universidad Carlos III de Madrid - Delgado González, Miguel Ángel
Department of Economics
Universidad Carlos III de Madrid - Escanciano Reyero, Juan Carlos
Department of Economics
Universidad Carlos III de Madrid - Fabra Portela, Natalia
Department of Economics
Universidad Carlos III de Madrid - Ferreira García, José Luis
Department of Economics
Universidad Carlos III de Madrid - Fuchs, William
Department of Economics
Universidad Carlos III de Madrid - Gonzalo Muñoz, Jesús
Department of Economics
Universidad Carlos III de Madrid - Hernando Veciana, Ángel
Department of Economics
Universidad Carlos III de Madrid - Loeper, Antoine
Department of Economics
Universidad Carlos III de Madrid - Marhuenda Hurtado, Francisco
Department of Economics
Universidad Carlos III de Madrid - Moreno Ruiz, Diego
Department of Economics
Universidad Carlos III de Madrid - Ortuño Ortín, Ignacio Isidro
Department of Economics
Universidad Carlos III de Madrid - Rincón Zapatero, Juan Pablo
Department of Economics
Universidad Carlos III de Madrid - Romero Medina, Antonio
Department of Economics
Universidad Carlos III de Madrid - Velasco Gómez, Carlos
Department of Economics
Universidad Carlos III de Madrid
Macroeconomics and Applied Economics
- Alonso Borrego, César
Department of Economics
Universidad Carlos III de Madrid - Cáceres Delpiano, Julio
Department of Economics
Universidad Carlos III de Madrid - Cardoso-Marta Pinto-Machado, Matilde
Department of Economics
Universidad Carlos III de Madrid - Carrasco Perea, Raquel
Department of Economics
Universidad Carlos III de Madrid - Carro Prieto, Jesús María
Department of Economics
Universidad Carlos III de Madrid - Dolado Lobregad, Juan José
Department of Economics
Universidad Carlos III de Madrid - Erosa Etchebehere, Andrés
Department of Economics
Universidad Carlos III de Madrid - Escribano Sáez, Álvaro
Department of Economics
Universidad Carlos III de Madrid - Fernández-Huertas Moraga, Jesús
Department of Economics
Universidad Carlos de Madrid - Fuster Pérez, María Luisa
Department of Economics
Universidad Carlos III de Madrid - Jerez García-Vaquero, Mª Belén
Department of Economics
Universidad Carlos III de Madrid - Kredler, Matthias
Department of Economics
Universidad Carlos III de Madrid - Minale, Luigi
Department of Economics
Universidad Carlos III de Madrid - Mora Villarrubia, Ricardo
Department of Economics
Universidad Carlos III de Madrid - Pappa, Evi
Department of Economics
Universidad Carlos III de Madrid - Seoane Bernadaz, Hernán Daniel
Department of Economics
Universidad Carlos III de Madrid - Siotis, Georgios
Department of Economics
Universidad Carlos III de Madrid - Stuhler, Jan Leonard
Department of Economics
Universidad Carlos III de Madrid
Further information on the website of the Department of Economics
- Cabrales Goitia, Antonio
- Academic Committee
- TRAINING
In addition to the elaboration of the doctoral thesis, students must undertake a number of activities focused on the improvement of their research skills and the scientific quality of their work. These activities are:
Specific training
- Participation in the research seminars hosted by the Department of Economics (in which professors, both from UC3M and external institutions, present their research projects) as well as the interviews conducted on an individual basis with the professors. Mandatory.
- Presentation of research outcomes by students in the doctoral meetings hosted on a bi-annual basis by the program. Mandatory.
- Mobility actions and doctoral meetings within the framework of the European Network for Training in Economics Research (Enter). Optional.
The Ph.D. in Economics of Universidad Carlos III de Madrid is a member of the European Network for Training in Economic Research (ENTER), an initiative carried out by eight Economics departments of European universities, all of them with excellent postgraduate programs: Universitat Autònoma de Barcelona, Université Libre de Bruxelles, Universität Mannheim, Stockholm (Stockholm School of Economics and University of Stockholm), Universiteit van Tilburg, University College London y Universidad Carlos III de Madrid.
The ENTER network promotes the exchange of doctoral students and hosts the ENTER Jamboree, an annual conference in which the doctoral students of the different universities present their research projects. - Participation in summer courses on leading edge topics with guest speakers. Optional.
- Attendance and active participation in the reading workshops hosted by the program on a weekly basis. Optional.
- The program fosters temporary stays at research centers abroad for students, according to their interests and needs. Optional.
- The program values the participation of the student as speaker in at least one conference or simposium of international prestige in their field. Optional.
Research skills training
Optional training. Up to 6 credits during the doctoral training period.
Research skills training is focused on abilities common to all disciplines for the development of scientific and educational skills and the improvement of the professional career. This training consists of different activities (short courses, seminars, etc.), which can be recommended by the Academic Committee of the program.
Further information:
- RESEARCH
- Research Lines
Economic Theory and Econometrics
- Imperfect competition and regulation (Theory and experiments)
- Price formation in markets with frictions and uncertainty
- Political economy
- Auction
- Time series
- Public economy
- Redes sociales y economía del comportamiento
- Identificación y estimación de modelos econométricos
Macroeconomics and Applied Economics
- Growth and innovation
- Monetary and financial economics
- Labour market and housing
- Applied macroeconomics
- Applied microeconomics
- Política fiscal
- Inmigración y movilidad
- Scientific results
This is a sample of relevant publications derived from doctoral thesis work over the last five years:
- Thesis: Essays in Empirical Political Economy
Author: Muhammad Hasin Yousaf
Publication: Hasin Yousaf, "Sticking to One’s Guns: Mass Shootings and the Political Economy of Gun Control in the United States", Journal of the European Economic Association, Volume 19, Issue 5, October 2021, Pages 2765–2802,
Publication: Masera, F., & Yousaf, H. (2022). "The Charitable Terrorist: State Capacity and the Support for the Pakistani Taliban". Journal of Conflict Resolution, 66(7-8), 1174-1207
Quality indicators: JCR Impact factor JEEA: 4.301
- Thesis: Three essays in urban economics
Author: Federico Curci
Publication: Federico Curci, Federico Masera; "Flight from Urban Blight: Lead Poisoning, Crime, and Suburbanization". The Review of Economics and Statistics 2023
Quality indicators: JCR Impact factor: 8.0
- Thesis: Essays on Firm Dynamics
Author: Beatriz González López
Publication: Andrés Erosa, Beatriz González, "Taxation and the life cycle of firms", Journal of Monetary Economics, Volume 105, 2019, Pages 114-130, ISSN 0304-3932
Quality indicators: JCR Impact factor: 2,963
- Thesis: Three Essays on Collusion-proof Mechanism Design
Author: Martin Norbert Hagen
Publication: Hagen, M. (2019). "Collusion-proof and fair auctions". Economics Letters, 185, 108682.
Publicación: Hagen, M. & Á. Hernando-Veciana (2021). "Multidimensional bargaining and posted prices". Journal of Economic Theory, 196, 105317.
Publication: Hagen, M. (2023). "Collusion-proof mechanisms for multi-unit procurement". Games and Economic Behavior, 138, 281–298.
Quality indicators: JCR Impact factor JET: 1.611
- Thesis: Essays on Labour Market Flows, Immigration and Persistence of Temporary Jobs
Author: Ismael Gálvez Iniesta
Publication: Idriss Fontaine, Ismael Gálvez-Iniesta, Pedro Gomes, Diego Vila-Martin, "Labour market flows: Accounting for the public sector", Labour Economics, Volume 62, 2020, 101770, ISSN 0927-5371
Publication: Gálvez-Iniesta, Ismael. "The Cyclicality of Immigrant Wages and Labour Market Flows: Evidence from Spain" Economics, vol. 16, no. 1, 2022, pp. 90-122.
Quality indicators: JCR Impact factor (LE): 1.772
- Thesis: Essays on Reputation in Online Marketplaces
Author: Michelangelo Rossi
Publication: Michelangelo Rossi (2023) "Competition and Reputation in an Online Marketplace: Evidence from Airbnb". Management Science 0(0).
Quality indicators: JCR Impact factor: 5.4
- Thesis: Essays in Macroeconomics
Author: Sergio Alejandro Feijóo Moreira
Publication: Sergio Feijoo Moreira, "Inside the decline of the labor share: Technical change, market power, and structural change", Journal of Economic Dynamics and Control, Volume 145, 2022, 104566, ISSN 0165-1889,
Quality indicators: JCR Impact factor: 1.62
- Thesis: Essays on Household and Public Finance
Author: Isabel Micó Millán
Publication: Morteza Ghomi, Isabel Micó-Millán, Evi Pappa, "The sentimental propagation of lottery winnings: Evidence from the Spanish Christmas lottery", Journal of Monetary Economics, 2023, ISSN 0304-3932,
Quality indicators: JCR Impact factor: 4.63
- Thesis: Essays on Aggregate Macroeconomic Shocks and Their Heterogeneous Effects
Author: Morteza Ghomi Avili
Publication: Morteza Ghomi, Isabel Micó-Millán, Evi Pappa, "The sentimental propagation of lottery winnings: Evidence from the Spanish Christmas lottery", Journal of Monetary Economics, 2023, ISSN 0304-3932,
Quality indicators: JCR Impact factor: 4.63
- Thesis: Essays on Semiparametric Identification and Estimation
Author: Telmo Juan Pérez Izquierdo
Publication: Pérez‐Izquierdo, T., and Pronkina, E. (2023). "Behind the curtain: How did women's work history vary across Central and Eastern Europe?". Economics of Transition and Institutional Change, 31(2), 465-489.
Quality indicators: Impact factor: 0.9
- Thesis: Essays in Empirical Political Economy
- Scientific publications
This is a sample of relevant faculty publications:
- Antonio Romero-Medina, Matteo Triossi "Take-it-or-leave-it contracts in many-to-many matching markets" Economic Theory 75, p- 591–623 (2023)
- Pablo Brañas-Garza, Antonio Cabrales, Guillermo Mateu, Angel Sánchez, Angela Sutan "Social interaction and negotiation outcomes: An experimental approach" Journal of Behavioral and Experimental Economics v. 102 (2023)
- Andresa Lagerborg, Evi Pappa, Morten O Ravn "Sentimental Business Cycles" Review of Economic Studies v. 90 n. 3 (2023)
- M Dolores Collado, Ignacio Ortuño-Ortín, Jan Stuhler "Estimating intergenerational and assortative processes in extended family data" Review of Economic Studies v. 90 n. 3 (2023)
- Daniel Barczyk, Sean Fahle, Matthias Kredler "Save, spend, or give? A model of housing, family insurance, and savings in old age" Review of Economic Studies v. 90 n. 5 (2023)
- Andrés Erosa, Luisa Fuster, Tomás R. Martinez "Public Financing and Financial Frictions and Underground Economy" Journal of Monetary Economics Volume 135, P. 20-36 (2023)
- Victor Chernozhukov, Juan Carlos Escanciano, Hidehiko Ichimura, Whitney K. Newey, James M. Robins "Locally Robust Semiparametric Estimation" Econometrica v. 90 n. 4 (2022)
- Carlos Velasco "Estimation of time series models using residuals dependence measures" Annals of Statistics v. 50 n. 5(2022)
- Rüdiger Bachmann, Christian Bayer, Christian Merkl, Stefan Seth, Heiko Stüber, Felix Wellschmied "Worker churn in the cross section and over time: New evidence from Germany" Journal of Monetary Economics v.117 p. 781-797 (2021)
- Felix Wellschmied "The welfare effects of asset mean-testing income support" Quantitative Economics v. 12 n. 1 (2021)
- Miguel A. Delgado, Luis A. Arteaga-Molina "Testing constancy in varying coefficient models" Journal of Econometrics v. 222 n. 1 part C (2021)
- Liang Chen, Juan J. Dolado, Jesús Gonzalo "Quantile Factor Models" Econometrica v. 89 n. 2 (2021)
- Juan J. Dolado, Gergő Motyovszki, Evi Pappa "Monetary policy and inequality under labor market frictions and capital-skill complementarity" American Economic Journal-Macroeconomics v.13 n. 2 (2021)
- Andrés Erosa, Luisa Fuster, Gueorgui Kambourov, Richard Rogerson "Hours, Occupations, and Gender Differences in Labor Market Outcomes" American Economic Journal-Macroeconomics v.14 n. 3 (2021)
- Juan J. Dolado, Etienne Lalé, Nawid Siassi "From dual to unified employment protection: Transition and steady state" Quantitative Economics v.12 n.2 (2021)
- Francesco Bravo, Juan Carlos Escanciano, Ingrid Van Keilegom "Two-step semiparametric empirical likelihood inference" Annals of Statistics v.48 n. 1 (2020)
- María Dolores Gadea Rivas, Jesús Gonzalo "Trends in distributional characteristics: existence of global warming" Journal of Econometrics v. 214 n. 1 (2020)
- Christian Dustmann, Francesco Fasani, Xin Meng, Luigi Minale "Risk attitudes and household migration decisions" Journal of Human resources 58 (1) 112-145 (2020)
- D. Mark Anderson, Ryan Brown, Kerwin Kofi Charles, and Daniel I. Rees "Occupational licensing and maternal health: Evidence from early midwifery laws" Journal of Political Economy v. 128 n. 11 (2020)
- Natalia Fabra, Mar Reguant "A model of search with price discrimination" European Economic Review v. 129 (2020)
- Hernán D. Seoane, Emircan Yurdagul "Trend shocks and sudden stops" Journal of International Economics v. 121 (2019)
- Vladimir Asriyan, William Fuchs, Brett Green "Liquidity Sentiments" American Economics Review v.109 n. 11 (2019)
- David Austen-Smith, Wioletta Dziuda, Bård Harstad, Antoine Loeper "Gridlock and inefficient policy instruments" Theoretical Economics v.14 n. 4 (2019)
- Ángel Hernando-Veciana, Michael Tröge "Cheap Talk and Strategic Rounding in Libor Submissions" Review of Financial Studies v. 33 n. 6 (2019)
- Daniel Barczyk, Matthias Kredler "Evaluating long-term care policy options, taking the family seriously" Review of Economic Studies v. 85 n. 2 (2018)
- Research Lines
- THESIS
Thesis defense
The aim of the PhD program in Economics is to provide advanced training in research techniques, which is articulated around the preparation and defense of the thesis, namely a collection of original research papers in Economics suitable for publication in academic journals.
Universidad Carlos III de Madrid and its Doctoral School establish the monitoring procedures required to guarantee the quality of the Ph.D. training and supervision as well as the proper evaluation and defense of the doctoral thesis.
Further information:
Requirements
The Ph.D. program in Economics establishes that:
- When the thesis advisor and the Ph.D. candidate consider that the thesis is ready for defense, it is previously presented before a committee consisiting of three professors appointed by the advisor, who evaluate its suitability.
- At least two of the three chapters of the thesis must be suitable for publication in an indexed JCR journal (Journal Citation Report) of Economics). If this requirement is not met, the committee will provide some recommendations.
- USEFUL INFORMATION
- Overview
Our Ph.D. programs focus on the acquisition of skills and abilities required to undertake high-quality research work within the strategic framework and lines of research of the university. Students will be expected to work independently under supervision and guidance of top experts in their fields in order to produce novel, groundbreaking research work in the form of a dissertation.
The Ph.D. thesis constitutes the expected outcome of the doctoral training, stating the specifics of the research work and results. The thesis must meet the high-quality standards required by the Ph.D. program and be subject to public defense and assessment by an independent thesis committee.
A favorable assessment of the thesis enables Ph.D. students to request their official Ph.D. degree certificate, issued by the Spanish Ministerio de Educación, Cultura y Deporte.
- For further information on the Economics graduate program, check the Student Guide
- If you are admitted to a Ph.D., please check our ORIENTATION GUIDE FOR NEW Ph.D. STUDENTS AT UC3M
- Visit our Useful Information site for Ph.D. students
Doctoral training calendar
Duration of the academic year: October 1st through September 30th
Process Period Admission According to the start semester of the PhD:
Second semester of the 24/25 academic year
Admission application deadline: September 1st 2024 through January 31st 2025 (23:59 h., CET)
PhD start date: March 30th 2025
First semester of the 24/25 academic year
Admission application deadline: February 1st through August 31st 2024 (23:59 h., CET)
PhD start date: November 15th 2024Enrollment According to the start semester of the PhD:
Enrollment period for new students
First semester: July 17th through 31st and September 1st through 30th (23:59 h., CET) of the current academic year
Second semester: March 1st through 30th (23:59 h., CET) of the current academic year
Enrollment period for continuing students
September 1st through 30th (23:59 h., CET) of the current academic yearAnnual Assessment June
All PhD candidates are subject to annual evaluation.
December
Only students whose June evaluation was unfavorable are subject to evaluation.
In both cases the evaluation is based on the progress of the thesis project (Reseach Plan) and the doctoral activities carried out during the academic year.
Thesis Defense Thesis defense can be carried out throughout the academic year.
- Procedures
Academic procedures
Further information
- FAQ
Ph.D. Studies
Admission
Doctoral training scholarships. Exemptions
Enrollment
Ph.D. Studies: Monitoring and Development
Thesis defense
Glossary of terms
- Itinerary
- Regulations
- NEW! RD 99/2011. Rules and Regulations of doctoral studies in Spain.
Approved on July 4, 2023 - Royal Decree 99/2011. Rules and Regulations of Ph.D. studies in Spain.
- Establishment of the Doctoral School. Order 2091/2013.
- Rules and Regulations of the Doctoral School at Universidad Carlos III de Madrid approved by Governing Council on February 7, 2013; modified on November 28, 2013.
- Code of Good Practice of the Doctoral School
- Code of Good Practice for Managing Plagiarism of Ph.D. Theses
- Code of Good Practice for Managing Plagiarism of Ph.D. ThesesGuide for personal data treatment on the doctoral thesis process. Further information: Data protection
- Outstanding Thesis Awards Regulations
- Royal Decree 967/2014. Declaration of Ph.D. academic equivalency for foreign higher-education studies.
- Application procedure for Ph.D. academic equivalency for foreign higher-education studies, approved by Governing Council on January 28, 2016.
- NEW! RD 99/2011. Rules and Regulations of doctoral studies in Spain.
- Quality
GENERAL INFORMATION ABOUT PH.D.
☛ Implementation Year: 2012-2013
QUALITY ASSURANCE
The Academic Committee of the Ph.D. complies with the SGIC-UC3M. It is responsible for the quality analysis of the program and produces the Degree Reports ("Memoria Académica de Titulación").
- Academic Committee
- Reports from the Quality Assurance Committee (Restricted access)
QUALITY INDICATORS
COMPLAINTS AND SUGGESTIONS
- Overview
- CONTACT
Doctoral School Office | Getafe Campus
Carmen Martín Gaite Building, Office 18.0.A15
C/ Madrid, 135
28903 Getafe (Madrid)
Contact