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.
Examples of recent ITFD professional placements:
Examples of recent ITFD PhD program placements:
In the Fall term, program students have the opportunity to take a mathematics, statistics, and a computer tools brush-up course. This course is not mandatory but highly recommended to assure a smooth start.
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.
|Economic Growth and Development||6||Antonio Ciccone|
|International Trade and Finance||6||Jaume Ventura|
|Quantitative and Statistical Methods I||6||Libertad González|
|Quantitative and Statistical Methods II||6||Christian Brownlees
|All students must earn 15 additional credits by enrolling in either (i) five short courses; or (ii) three short courses and one long course.|
|List A: Short courses (3 credits each)|
|Money and Exchange Rates||3||Fernando Broner|
|Sovereign Debt and International Financial Architecture||3||Fernando Broner|
|International Trade and Growth||3||Alejandro Cunat|
|Firms, Technology and Trade Policy||3||Gino Gancia
|The Economics of Migration||3||Albrecht Glitz|
|The Rise of the Global Economy||3||Joachim Voth|
|List B: Long courses (6 credits)|
|Development Economics||6||Alessandro Tarozzi|
|Macroeconomics II||6||Danilo Guaitoli
|Policy Lessons||3||Simon Evenett
|Master Project||6||Fernando Broner
|All students must earn 12 additional credits by choosing among the following courses:|
|List A: Short courses (3 credits each)|
|Systemic Risk and Financial Crises||3||José-Luis Peydró|
|Topics in Economic Growth and Development||3||Xavier Sala-i-Martin|
|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: Economic Institutions *||3||Maria Petrova
|Topics in Applied Economics VI: Poverty, Inequality and Mass Media *||3||Maria Petrova
|List B: Long courses (6 credits each)|
|Econometric Methods III||6||Eleonora Granziera|
|Experimental Economics||6||Rosemarie Nagel|
|Political Economy||6||Maria Petrova
|Empirical Methods in Finance||6||Andrea Polo
Javier Gómez Biscarri
* Starred courses are advanced PhD courses and require permission from the instructor and the ITFD Director.
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