The Erasmus Mundus Master Course in Economic Development and Growth-MEDEG is a full-time masters programme organized by a consortium including three top-class European Universities:
The Erasmus Mundus Master course in "Economic Development and Growth (MEDEG)" has four main objectives:
MEDEG combines the complementary expertise existing at three leading European Universities into a common platform of graduate education and training. This objective is pursued within the guidelines of the Bologna process and aims to contribute to the development of the European Higher Education Area.
The MEDEG gives students with high academic and professional potential, coming both from the EU and Third-countries, the opportunity to specialize in an exciting area of economic studies and spend two years in an international academic environment oriented towards the promotion of research and teaching excellence.
High employability of MEDEG students at national and international level is consistent with the objectives of the European Higher Education Area. Students educated and trained at MEDEG will find plenty of career opportunities both at national and international institutions working on economic development, such as the European Union, OECD, ILO, World Bank, UNESCO, WTO, CEPAL, IADB (Inter-American Development Bank), NGOs, governments and central banks, think-thanks, multinational companies, consulting firms.
For students willing to develop an academic career, the MEDEG offers the advanced skills required to carry out research at scholarly level in the fields of development economics, economic history, applied economics and international economics. The participating institutions offer to talented students oriented towards an academic career the possibility to continue their postgraduate education in one of their Doctoral Programmes.
The tuition fee is 6,000 per year (12,000 in total) for EU students and 8,000 per year (16,000 in total) for Third country students.
MEDEG lasts two academic years, includes 120 ECTS (60 ECTS/year), and consists of 14 or 16 course modules (depending on the two different mobility schemes available) delivered through a combination of lectures, classes, tutorials and essay writing with individual supervisors. Another key component of the programme are a 8.000-word research dissertations to be written at the end of the first year and a 15.000-word dissertation to be written at the of the second year, on subjects chosen by students in consultation with supervisors.
Students are mandatorily required to study in two different universities of the consortium. In each university, they have to remain for one year and complete 60 ECTS. More specifically, the possible combinations are:
MEDEG students can choose to spend their first year either at the University of Warwick (Option A) or at Universidad Carlos III Madrid (Option B). Warwick targets English-speaking students oriented towards research on economic development and growth at academic level. Carlos III Madrid targets Spanish-speaking students wanting either to pursue a professional career as development economists at governmental agencies and international organizations or to carry out research in development economics and economic history at academic level.
The first term is common at both universities and provides basic courses in Macro- and Micro-economics, International Economics, Statistics and Econometrics at intermediate level. In the second term, advanced courses are taught in order to allow students to specialize in the field of Economic Development according to the expertise offered by the two Universities. Students at Warwick develop advanced skills in econometric analysis, and focus mainly on advanced research topics in economic history, macro- and micro-topics in development and transition. Students at Carlos III focus on the analysis of different facets of economic development with a special emphasis on demography, inequality and poverty, and privilege Latin America as their main field of analysis. In both Universities the 3rd term of the first year is devoted to preparing an 8.000-word final dissertation. First year courses end up with a general workshop of one week in which MEDEG students from both options receive advanced training on specific topics by specialist from consortium universities and external experts. Students with the highest-quality first-year dissertations will also present the results of their research and discuss them with experts.
In the second year MEDEG students move to the Lund University to receive education and training in a series of advanced courses on different aspects of long-run economic development and growth. Thanks to the wide scope of expertise available at Lund and mobility schemes which allow instructors from both Warwick and Carlos III Madrid to move to Lund for one term, students can choose among a high number of courses on topics as varied and diverse as comparative patterns of economic change, technological change and innovation, inequality and living standards, economic demography, energy and sustainability, globalization and growth. In addition methodological courses are also offered on advanced quantitative and research methods. Some of these courses will be offered by experts from Warwick and Carlos III Madrid, thus enhancing the intra-consortium mobility of scholars (see below) and further expanding the range of specialized topics offered to students. At the end of the second year students are required to write a second 15.000-word dissertation with a high-level component of innovative research.
University of Warwick
Univ. Carlos III de Madrid
University of Warwick
Univ. Carlos III de Madrid
University of Warwick
Dissertation: 1st year paper
Univ. Carlos III de Madrid
Trabajo de Investigación [Dissertation: 1st Year Paper]
End of first year (July)
1st Year General Workshop at Carlos III de Madrid or Warwick
Economic History and Development Economics
One of the following:
One of the following integrated modules:
5th term Jan-Mar
Two of the following:
End of 2nd Year
Admission requirements are common for all students. The basic requirement for admission is to have obtained (or to be in the situation of obtaining before the start of the Master Programme) a recognized Bachelor's Degree (BS, BSc, SB, etc.) or a degree at the level of a Bachelor's Degree, e.g. its equivalent from a college, university, or technical school of high standing, or 180 ECTS credits in the European system, in Economics and related disciplines (Business Administration, Finance, Economic History, etc.).
Applicants who expect to obtain their BA or equivalent degree at the end of the academic year 2010-11 and before the start of the MEDEG courses (September 2011), should enclose an official certificate issued by their University where the expected date of graduation is explicitly stated. In case of successful application, they will be pre-admitted and will be required to send an official certificate of graduation NO LATER THAN July 31, 2011.
In particular cases, the Selection Committee can admit students with a Bachelor Degree in other disciplines which include a comprehensive and advanced training in economics and quantitative methods, indicatively specified as follows:
As far as language requirements are concerned, applicants whose native language is not English but hold a first degree from Universities based in an English-speaking country do not need to provide any certificate of language proficiency. The same applies to applicants who obtained their degree from Universities in non-English speaking countries but in which courses are taught in English; in this case they must enclose an official document issued by their University that certifies that English is the medium of instruction.
ALL other applicants are required to certify a satisfactory command of both spoken and written English at Level B2 or higher of the CEFR-Common European Framework of Reference for Language.
The following Certificates and minimum scores are admitted:
In addition to the English Language Certificate, ONLY applicants from Universities in non-Spanish speaking countries and wishing to spend their first year at Carlos III Madrid, are required to certify a satisfactory command of both spoken and written Spanish, equivalent to the Level B2 of the DELE-Diploma de Español como Lengua Extranjera issued by Institutos Cervantes, or similar.
No work experience is required.
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The Universidad Carlos III de Madrid is a public university in Madrid, Spain. Its three campuses are located in the municipalities of Leganés, Colmenarejo and Getafe. It is a medium institution well-known for the quality of its teaching and academic research, its international orientation and its higher than average study workload.
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