Economics Master's Program

Program director


Marta Reynal-Querol

ICREA-UPF and Barcelona GSE

Eulàlia Nualart

UPF and Barcelona GSE

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

Students who complete this master's 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 Master's Program in Economics 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 Master in Economics 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, IDEA, 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 and international banking, consulting, and research firms.

What skills and knowledge will I acquire in this master's 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 master's program?

Admission to the UPF PhD Program (GPEFM) from the Barcelona GSE Master Program in Economics

The UPF Graduate Program in Economics, Finance and Management (GPEFM) is one of two doctoral programs organized jointly the the Barcelona GSE. Most Barcelona GSE Master's in Economics students are admitted to GPEFM via PhD Track 1. Students who want to be considered for this track must take all three advanced courses in the first term of the Economics Master's Program.

Admission to the UPF PhD track 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 and apply for the PhD Track 1, can I still apply for the UPF PhD?

A limited number of places will be available for excellent students who do not have a strong enough background in Economics to attend the advanced courses in the first term. These students can apply to the MRes (Master in Research of the UPF Economics Department) to follow MRes/PhD Track 2. If admitted, these students will be able to apply to the PhD during the first term of the MRes. Admission to the PhD Track will be decided at the end of the first term, and will depend on performance in the Advanced Courses.

Doctoral study at UAB (IDEA)

The International Doctorate in Economic Analysis (IDEA) is the other option for master's students who want to pursue PhD studies within the Barcelona GSE community.

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 graduates of this program?
  • 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 2014



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

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
Topics in Economic Growth and Development 6 Xavier Sala-i-Martín
Experimental Economics 6 Rosemarie Nagel
Political Economy 6 Maria Petrova
Ruben Enikolopov
Choice in Context: Research Perspectives 6 Gael Le Mens
Master Project 6 Marta Reynal-Querol

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