We give students a research-based view of subjects crucial to understanding today's market, designed to equip graduates with the core theoretical and analytical roots needed to solve the toughest challenges of today's globalized economies.
What can be done to avoid financial crises? How can growth in the least developed countries be accelerated? How can wealth be distributed equitably and sustainably? This program will allow students to acquire a thorough knowledge of the conceptual and empirical tools of modern Economics applied to international trade, finance, and development.
The program starts in the first term with a set of courses on economic growth and development, international trade and finance, and quantitative methods. In the second and third terms, students can choose from a wide array of courses and tailor their learning experience to their interests. Some students chose to specialize in development, others in international trade and finance, while others opt instead for a more balanced approach that combines training in both areas.
Students complete an independent study project by the end of the academic year, allowing them to specialize in a policy topic of their choice. They also attend a series of policy lessons delivered by international experts.
The master's faculty consists of internationally renowned scholars who have previously held academic positions at MIT, NYU, Chicago, Berkeley, Stanford and Cambridge. They have also worked or held consulting appointments at international organizations, including the World Bank, the IMF, the Inter-American Development Bank, and the European Central Bank.
Past ITFD graduates have found employment in international organizations, government agencies, central banks, financial institutions, research and consulting firms, and NGOs.
Several past graduates have decided to pursue further studies and have joined prestigious PhD programs in Europe and the United States, including the London School of Economics, Stanford University, and Harvard University.
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.
Course offer is subject to change.
|Economic Growth and Development||6||Antonio Ciccone|
|International Trade and Finance||6||Jaume Ventura|
|Quantitative and Statistical Methods I||6||Geert Mesters|
|Students must enroll in one section of the following course:|
|Quantitative and Statistical Methods II: Development||6||Albrecht Glitz
|Quantitative and Statistical Methods II: Finance||6||Christian Brownlees|
|Choose 15 credits from the following courses:|
|Money and Exchange Rates||3||Fernando Broner|
|Economics of Migration||3||Albrecht Glitz|
|Systemic Risk and Financial Crises||3||José-Luis Peydró|
|Firms, Technology and Trade Policy||3||Gino Gancia
|Development Economics||6||Gianmarco León
|Political Economy||6||Maria Petrova
|Master Project||6||Fernando Broner
|Policy Lessons||3||Simon Evenett
|Choose 12 credits from the following courses:|
|Sovereign Debt and International Financial Markets||3||Fernando Broner|
|Topics in Economic Growth and Development||3||Xavier Sala-i-Martin|
|Social Economics (TBA)||3||Ada Ferrer-i-Carbonell
Giacomo De Giorgi
|Trade, Misallocation and Growth||3||Manuel García-Santana|
|Empirical Asset Pricing and Banking||3||Javier Gil-Bazo
|Quantitative and Statistical Methods III: Time Series||6||Eleonora Granziera|
|Experimental Economics||6||Rosemarie Nagel|
|Advanced PhD-level courses: permission from director required|
|Topics in Macro VI: Cities and the Geography of Growth*||3||David Nagy
|Topics in Macro VII: Macro-Finance*||3||Vladimir Asriyan|
|Topics in Macro VIII: International Macroeconomics*||3||Luca Fornaro|
|Topics in Applied Economics IV: Labor Economics*||3||Libertad Gonzalez|
|Topics in Applied Economics V: Long Term Persistance*||3||Luigi Pascali|
* Courses offered by the MRes-UPF and subject to specific course requirements.
Upon successful completion of the program, students will receive a Master Degree in Specialized Economic Analysis awarded jointly with Universitat Autònoma de Barcelona (UAB) and 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
Examples of recent ITFD professional placements:
Examples of recent ITFD PhD program placements:
This year, the International Trade, Finance, and Development Program includes 41 students from 21 countries. Many of the students have undergraduate degrees in Economics or Finance, while some have studied Political Science, International Development, or other subjects.