|Application deadline:||Non EU: June 25th, 2013|
|Tuition fee:|| |
|Start date:||September 2014|
|Credits:|| 60 ECTS |
|Duration full-time:||9 months|
|Delivery mode:||On Campus|
Policymakers are often forced to make decisions under conditions of uncertainty that have a direct impact on a countrys overall performance. A thorough understanding of the dynamics of the aggregate economy is necessary, but not entirely sufficient, for success. Private firms must also be knowledgeable of the many sources of aggregate risk and uncertainty, and the analytical tools available to study the aggregate economy can be of much help.
Students in the Macroeconomic Policy and Financial Markets Program will obtain relevant knowledge about the central issues in macroeconomic and financial economics analysis, as well as the key tools, data and models.
Many government institutions now use models and techniques developed recently and not yet taught in most undergraduate courses. Its use has also spread to the private sector, where investment banks and consulting firms increasingly utilize them. Some examples are DSGE models, VARs, and ARCH. Students will learn not only how to use these modeling and statistical techniques but also how they are actually applied by government agencies and private financial firms.
Most central banks and many other government agencies throughout the world are establishing groups that build their forecasts by means of these techniques. More generally, investment banks and consulting firms are interested in professionals who have gained a good understanding of the functioning of the aggregate economy and of financial markets, who have been well trained and who can competently conduct empirical work. International finance and development agencies such as the IMF, WB, BERD, BIS, etc. often look for profiles of this type.
A limited number of places will be available to practitioners who would like to enroll in specific courses.
Upon successful completion of the program, students will receive a Master Degree in Specialized Economic Analysis awarded jointly by Universitat Autònoma de Barcelona and the Universitat Pompeu Fabra.
All Barcelona GSE master degrees have been recognized by the Catalan and Spanish Education authorithies within the framework of the Bologna Process (in Spanish, “Master Universitario o Master Oficial”).
The master is a full-time nine-month program structured in three terms: Fall term (from September to December), Winter term (from January to March) and Spring term (from April to June).
Students will be required to do an applied project during the second and third terms.
Students in this master are required to take the Math and Statistics Review course and the Computer Tools course offered in September. All students are required to pass the exams for these two courses. Given the applied/quantitative nature of the master program, students will need a laptop.
The degree requires the successful completion of 60 ECTS (European Credit Transfer System) credits of graduate courses (6 credits are equivalent to a 40 hour course), some compulsory and some elective. The students' final program must be discussed with and approved by their Master Director.
The academic performance of each student is reviewed regularly. Attention is given to the maintenance of normal academic progress, through a combination of formal written examinations and coursework. Core courses will award grades. Some optional courses may be evaluated on a pass/fail or pass with honors/pass/fail basis.
The Macroeconomic Policy and Financial Markets master is located at the Bellaterra campus at Universitat Autònoma de Barcelona. The UAB's self-contained campus offers students all of the services they need in their day-to-day lives and is an easy half-hour train ride from the city center.
There are two main application requirements for master programs at the Barcelona Graduate School of Economics:
However, possession of the minimum entrance requirements does not guarantee that you will be offered admission.
There are four main areas considered for admission:
Applicants must have:
English Language Requirement:
All Barcelona GSE master programs are taught entirely in English. Applicants must have an advanced level of English to follow the program.
All Barcelona GSE programs require good or advanced quantitative skills.
Applicants have the option to provide GRE/GMAT test scores to demonstrate proficient quantitative skills.
Applicants who have taken the GMAT are welcome to submit their exam scores, but should note that the GRE is preferred by the admissions committee. Normally, scores in the 80th percentile or above in the quantitative section are considered to be good scores.
While it is not compulsory to include scores with the application, good scores will be positively valued by the admissions committee and could be a decisive factor in those cases in which the application does not contain enough information to determine the candidate's potential for academic success in the master program.
You are responsible for uploading GRE or GMAT scores to your application. You can enter the application form at any stage of the application process and upload scores to the system. You may also update your scores by uploading new scores to replace the document you uploaded previously.
The two letters of reference are an extremely important element in the application package. The Admissions Committees normally prefer letters from Faculty members. If you cannot provide two faculty referees, you may include a professional referee instead.
Your referees will upload their letters directly to the online system on your behalf. You will include email contact information for your referees when you submit your application. Once you submit your application, your referees will receive an email containing instructions and a link for submitting letters via the online system.
Please note that your application will not be reviewed until the Barcelona GSE has received your letters of reference from your referees.
|TOEFL paper-based test score:||575|
|TOEFL iBT® test:||90|
In an effort to attract outstanding students, the Barcelona GSE offers a number of full and partial tuition scholarships based on academic merit.
A small number of teaching assistantships are available to students in the Economics and Finance programs. These positions are competitive and available to a limited number of top students. TA's are responsible for 60 contact hours of teaching (to be distributed any way throughout the year) plus other duties.
If you wish to be considered for a Teaching Assistantship, please mark the appropriate box on the online application. If you are selected, you will receive more information.
The Barcelona GSE is grateful to the following collaborating institutions for supporting its master programs with full or partial scholarship funding:
You are normally required to take an English Proficiency Test if you come from a non-English speaking country.
Most European Universities recognise the IELTS test.More information on IELTS