Program director


Marta Reynal-Querol

ICREA-UPF and Barcelona GSE

Eulàlia Nualart

UPF and Barcelona GSE

The Barcelona GSE Economics Program provides students with rigorous training for admission to top doctoral programs and for technically demanding careers.

Students who complete this program will acquire an excellent grounding and deep understanding of the field's foundations, applications, and policies covering theoretical and empirical approaches. 

Students will perform technically demanding analyses using powerful analytical and quantitative tools, and will design and conduct an independent master's project.

The Economics Program course listing is broad enough to offer students specialized training in a number of areas: 

  • Macroeconomics with a focus on monetary and fiscal policy
  • Labor and public economics
  • International economics
  • Development economics
  • Business and market organization
  • Behavioral and experimental economics
  • Financial economics

The Economics Program is the main gateway for admission to the PhD Track of the Graduate Program in Economics, Finance and Management (GPEFM) at UPF. 

More than half of our Economics alumni continue their education through GPEFM or in another PhD or graduate program at prestigious schools around the world. Alumni who choose a professional career path are regularly hired by governmental agencies, international banking, consulting and research firms.

What skills and knowledge will I acquire in this program?
  • Solid command of analytical and quantitative Economics
  • Knowledge of a wide range of specializations in different fields of economics
  • Competence in both theoretical and empirical approaches, from foundation to application and policy
  • Expert subject knowledge in writing and discussion of graduate-level economics
  • Facility with tools necessary to successfully pursue a top PhD in economics
Who will benefit from this program?
  • Graduate students in economics, mathematics, or engineering
  • Aspiring PhD students looking for a rigorous master program in economics
  • Junior analysts or professionals from the workforce looking for a postgraduate degree with advanced tools in quantitative economics
How can I enter the PhD track from the Economics program?

Admission to the UPF PhD Program (GPEFM) from the Barcelona GSE Economic Program

The UPF Graduate Program in Economics, Finance and Management (GPEFM) is one of two doctoral programs organized jointly by the Barcelona GSE.

As a general procedure, Barcelona GSE Master in Economics students that want to be considered for the GPEFM should take the advanced track during the first term of the Economics Program. Admission to the UPF GPEFM will be decided at the beginning of January. Admitted students are required to follow the Advanced Courses Sequence for the rest of the year.

If my background is not strong enough to follow the three advanced courses, can I still apply for the UPF PhD? 

A limited number of places for the GPEFM will be available for those excellent students that were not able to take the advanced course in the first term because of lack of strong enough background in Economics. These admissions will be decided at the beginning of January. These students can apply to the Master in Research of the UPF Economics Department and once admitted follow a special track. Final admission of these students to the PhD will be decided at the end of the first term of the Master in Research, and will depend on performance in the Advanced Courses.

Which other PhD programs have Economics graduates attended?

Barcelona GSE master's graduates have gone on to enter some of the most prestigious and competitive doctoral programs in the world, including:

  • Bocconi University
  • Boston University
  • Columbia University
  • Cornell University
  • Duke University
  • European University Institute (EUI)
  • Harvard University
  • London School of Economics (LSE)
  • Massachusetts Institute of Technology (MIT)
  • New York University (NYU)
  • Northwestern University
  • Norwegian University of Science and Technology 
  • Princeton University
  • Stanford University
  • Universidad Carlos III de Madrid
  • Université Catholique de Louvain
  • University College London
  • University of Cambridge
  • University of Chicago
  • University of Southern California
  • University of Warwick
  • Wharton - University of Pennsylvania
  • Yale University

See a more complete list of PhD programs

Who hires Economics graduates?
  • Banking and Financial Institutions
  • Governmental and International Agencies
  • Consulting and Research Organizations
  • Automotive, Energy, and Internet Industries, among others

Examples of recent Economics placements:

  • Australian Central Bank
  • Bank of America
  • Bank of England
  • Bank of Spain
  • Boston Consulting Group (BCG)
  • Center for European Economic Research (ZEW)
  • Central Bank of Mexico
  • European Bank for Reconstruction and Development (EBRD)
  • European Central Bank (ECB)
  • European Commission
  • Innovations for Poverty in Action (IPA)
  • Inter-American Development Bank (IDB)
  • International Monetary Fund (IMF)
  • National Treasury of South Africa
  • Organisation for Economic Co-operation and Development (OECD)
  • Overseas Development Institute (ODI)
  • Philippine Institute for Development Studies
  • United States Federal Reserve
  • World Bank
  • World Trade Organization (WTO)

Download results for the Economics Class of 2015



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    Martin Aragoneses '15

    Research Assistant
    A month after I started working for Prof. Finkelstein, she sent me to the field to get a better understanding of the interventions we are studying...Seeing the people we were helping out with our program and hearing their testimonials was really touching. It reassured me why I want to do empirical research for a living!
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    Kryštof Krotil '14

    Czech Republic
    From the first week I joined RBB Economics, I have been working on a multibillion dollar merger of two major orthopaedic companies. Until now I have spent most of the time with clients’ transaction data, working mainly on switching analysis, the purpose of which was to determine closeness of competition between the merging parties.
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    Matias Antonio '13

    Junior Professional Associate
    Santiago del Estero
    My responsibilities in the Latin American and Caribbean Economic Policy area range across pretty much all macroeconomic subjects that are related to policy. One of the projects I am working on right now is macroeconomic monitoring. For this project, I produce a bi-weekly briefing on the current situation across the continents. I am also linked to the El Salvador economic team, so I go on missions to assess the economic situation. All of the Economics master courses at Barcelona GSE are useful for this type of work. The ideas behind the models we studied provide a strong conceptual framework that helps guide policy and tells us where to look for vulnerabilities in the economy.
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    Master Program in Economics

    Marcos Casarin '12

    Rio de Janeiro -
    After working with applied macroeconomics, I can say that all the theory I learnt at Barcelona GSE has provided me with the ability to produce high-quality economic analysis in the real world.


  • alumni

    Hector Blanco '16

    I enrolled in the Master in Economics at Barcelona GSE because I wanted a competitive program to prepare me to enter a PhD in the United States. I think the excellent faculty and the challenging workload of the advanced courses will provide me with the high-quality training I am looking for.
  • alumni

    Joaquim Vidiella '16

    I joined the Barcelona GSE master in Economics in order to improve my analytical skills and make the most of its international environment.
  • alumni

    Andreu Reixach '16

    I have chosen the economics program at BGSE because it offers a deep and rigorous training in all branches of economics. This, in addition to the prestigious faculty and the high level standards, make the perfect combination in order to continue with an ambitious academic career.

Program schedule: 

In the Fall term, Economics Program students are required to take a mathematics and statistics brush-up course.

During the Fall term, students may choose between advanced or standard core courses, depending on their background and their interest in pursuing a PhD program. Advanced courses will be required for students who wish to be considered for admission to the GPEFM PhD program at UPF. 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.

Fall Term (September - December)

Course Title Credits Professor(s)
Advanced Econometric Methods I 6 Majid Al-Sadoon
Geert Mesters
Advanced Macroeconomics I 6 Gino Gancia
Jaume Ventura
Advanced Microeconomics I 6 Larbi Alaoui
Econometric Methods I 6 Geert Mesters
Macroeconomics I 6 Julian di Giovanni
Microeconomics I 6 Joan de Martí

Winter Term (January - March)

Course Title Credits Professor(s)
Advanced Econometric Methods II 6 Majid Al-Sadoon
Albrecht Glitz
Advanced Macroeconomics II 6 Isaac Baley
Alberto Martín
Advanced Microeconomics II 6 Sandro Shelegia
Macroeconomics II 6 Danilo Guaitoli
Luca Fornaro
Microeconomics II 6 Joan de Martí
Econometric Methods II 6 Stephan Litschig
Albrecht Glitz
Development Economics 6 Alessandro Tarozzi
Behavioral Decision Making 6 Robin Hogarth
Topics in Macro I: Agglomeration Economies * 3 Giacomo Ponzetto
Topics in Macro II: Asset Bubbles * 3 Alberto Martin
Topics in Macro III: International Trade * 3 Gino Gancia
Topics in Macro IV: International Trade, Growth and Business Cycles * 3 Alejandro Cuñat
Topics In Applied Economics II: Explaining Economic Policy * 3 Giacomo Ponzetto

* Admission subject to approval by program director.

Spring Term (April - June)

Course Title Credits Professor(s)
Advanced Econometric Methods III 6 Geert Mesters
Advanced Macroeconomics III 6 Régis Barnichon
Jordi Galí
Advanced Microeconomics III 6 Stephen Hansen
Econometric Methods III 6 Eleonora Granziera
Topics in Economic Growth and Development 3 Xavier Sala-i-Martín
Topics in Finance: Empirical Finance 6 Javier Gil-Bazo
Filippo Ippolito
Javier Gómez Biscarri
José-Luis Peydró 
Experimental Economics 6 Rosemarie Nagel
Political Economy 6 Maria Petrova
Ruben Enikolopov
Choice in Context: Research Perspectives 6 Gert Cornelissen
Topics in Macro V: Firms, Misallocation, and Aggregate Productivity * 3 Manuel García-Santana
Topics in Macro VI: Monetary Economics * 3 Jordi Galí
Topics in Macro VII: International Finance * 3 Fernando Broner
Topics in Macro VIII: Open Economy Macro * 3 Luca Fornaro
Topics in Applied Economics III: Development * 3 Gianmarco León
Topics in Applied Economics IV: Labor * 3 Libertad Gonzalez
Topics in Applied Economics V: Economics of Inequality and Redistribution * 3 Maria Petrova
Ruben Enikolopov
Topics in Applied Economics VI: Economics of Information * 3 Maria Petrova
Ruben Enikolopov
Master Project 6 Marta Reynal-Querol

* Admission subject to approval by program director.

Master degree awarded

Upon successful completion of the program, students will receive a Master Degree in Economics and Finance awarded jointly with Universitat Pompeu Fabra (UPF).

All Barcelona GSE master degrees have been recognized by the Catalan and Spanish Education authorities within the framework of the Bologna Process (in Spanish, “Master Universitario o Master Oficial”). Indicadors de qualitat