Master in Economic Development and Growth MEDEG

Posted on: 
Feb 10, 2017
Start Date: 
Sep 11, 2017
Duration of the Program: 
12 months
Application Deadline: 
May 31, 2017

Master in Economic Development and Growth MEDEG

Posted on: 
Feb 10, 2017
Start Date: 
Sep 11, 2017
Duration of the Program: 
12 months
Application Deadline: 
May 31, 2017
Department of Social Sciences, University Carlos III of Madrid
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Program Details

Master's Programs
Title after Completion of Studies: 
Máster oficial en Desarrollo Económico
Study Options: 

Regular Fee: 
€7 800,00

International Student Fee : 
€11 800,00

Funding Options Available: 
There are several programme covering all or part of the tuition costs of your MEDEG studies: 7 scholarships open for outstanding students covering all or part of MEDEG fees.
Departamento de Ciencias Sociales
calle Madrid, 126
28903 Getafe Madrid

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).


  • ☛ 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

Overview of Courses: 

The University Master's degree in Economic Development and Growth at Universidad Carlos III de Madrid consists of 60 ECTS credits distributed over a two term course, the first of which focuses on the acquisition of basic theoretical knowledge, whereas the second is more concerned with training in research skills. The syllabus is structured in 14 subjects divided into four different modules defined on the basis of disciplinary and thematic sectors, except for the Final Dissertation which has been accorded the status of specific subject. The master's degree has been structured in the four following modules:

  •  Module I: Economic theory
  •  Module II: Economic growth
  •  Module III: Economy and development institutions
  •  Module IV: Quantitative methods

More Information about courses available here

Application Requirements:

  • Undergraduate degree in related discipline
  • Personal data/curriculum vitae
  • Motivation letter
  • Transcript of records
  • Information about grading system
  • Certification of academic achievements
  • Reference letters

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) corresponding  to 180 ECTS credits in the European system- either in Economics or a related discipline.

Students who are studying in the final year of their first degree and who plan to obtain a qualification prior to admission to the Master's course, may be provisionally admitted and should indicate on their application form the date that they expect to obtain their qualification, and they should attach an official certificate issued by their university confirming the expected date of qualification. Provisionally accepted applicants will be required to submit an official certificate attesting to their having obtained their qualification by the end of October.

In specific cases the Master's Management Committee may admit students with qualifications from other disciplines, provided that they can attest to having obtained a sufficient number of credits in economic, econometric and statistical theory. If not, the committee will decide on the admission of students with degrees in other disciplines, establishing the minimum prerequisites required, based on their first degree. Prior to the start of every academic year, the committee will establish the form and manner in which these requirements can be obtained.

For all candidates, it will be essential to demonstrate an excellent knowledge of written and spoken English to level B2 or higher than the EFR-Common European Framework of Reference for Language. The following certificates are accepted:

  • TOEFL:
       - Paper Based Test: 550 or higher
       - Computer Based Test: 213 or higher
       - Internet Based Test: 86 or higher
  • Cambridge ESOL IELTS: 5.0 points or higher
  • Cambridge ESOL General: FCE (First Certificate in English) equivalent to level B2; CAE (Certificate in Advanced English) equivalent to level C1; CPE (Certificate of Proficiency in English) equivalent to level C2
  • Cambridge ESOL BULATS (Business Language Testing Service): 60 or higher
  • Cambridge ESOL BEC (Business English Certificate): Vantage or higher;
  • ALTE: Level 3 or higher
  • NQF: Level 1 or higher (Entry levels are not admitted)
  • London Test of English: Level 3 or higher
  • Trinity College London ESOL GESE: Grade 7 or higher
  • Trinity College London ESOL ISE: Level II or higher
  • UBELT Exam: 2.5 or higherE: Level II or higher

Class Size: 
20 - 30 students

Average % of International Students: 
around 70%

Noteworthy Faculty Members: 
Professor Jesús Gonzalo (PhD University California-San Diego) Professor Leandro Prados de la Escosura (PhD Oxford) Professor James Simpson (PhD London School of Economics) Dr. Sergi Basco (PhD, MIT) Professor Joan Ramon Rosés (London School of Economics) Professor Antonia Díaz (PhD, Minnesota)

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