Master's degree in Modern Economic Analysis

Basic Information

What knowledge will I acquire with this Master?

Well-trained economic analysis professionals who have knowledge of Economic Theory and Econometrics. The priority objective of this Master is to train professionals and researchers with high-level economic training that contributes to promoting the progress of Spanish society.

Is this degree official according to the regulations required by the European Higher Education Area?

Yes (final verification report is attached), starting the first course in the academic year 2011-12.

Final verification report turned out FAVORABLE

Favorable report first modification

Favorable report second modification

Favorable report third modification

Is it necessary to pass an access test?

It is not necessary.

What is the minimum number of credits for which I can enroll?

You can see it in the rules of permanence in this link

Recommended income profile

Students who have possession of an official Spanish university degree or another issued by a higher education institution of the European Higher Education Area that authorizes access to Master's degrees in the country that issued the degree.

Recommended requirements:

The specific qualifications that will facilitate access to the Master are the following:

Degree in economics
Degree in Business Administration and Management
Degree in Mathematics
Degree in Statistics
Degree in Engineering
Other degrees or official titles that include Economics, Mathematics and Statistics subjects in their curriculum

Objectives

The Faculty of Social and Legal Sciences of the Rey Juan Carlos University and the Department of Fundamentals of Economic Analysis of said university, have as their maximum ambition in the field of official Master's degrees to provide postgraduate students with specialized training of unquestionable quality. .

The theoretical branch of economic science, known as economic analysis, has traditionally been considered a discipline aimed at defining and studying economic problems from a particularly formal point of view. The reason for this formalization lay, on many occasions, in the self-imposed need to be considered a scientific discipline. In this sense, it can be said that Economic Analysis has been able to establish a language and a conception of its own reasoning as well as common to the profession, as well as generalizing a desire to offer a verifiable quantification of the problems that constitute its object of study. Notwithstanding the foregoing, it is necessary to point out that the rigorous study of economic problems should not and cannot afford to ignore direct contact with economic reality. In this sense, it is worth noting that an effort must be made from the training programs for future professionals to the practical orientation that must guide the order of priorities when establishing both the approach to the problems to be analyzed and the complexity of the analysis.

In this context, the main objective of the proposed Research Master is to train quality specialists in Economic Analysis for the academic and research fields, but without forgetting the business field. Much emphasis can always be placed on the applied dimension of the various economic concepts acquired.

There are several specific objectives to be achieved:

Acquisition of knowledge and skills that allow the realization of rigorous studies of economic phenomena in the scientific or business field.
Acquisition of the skills and abilities that allow the performance of a novel and quality research work in the field of Economics.
Acquisition of the skills and abilities to develop tasks as a professional researcher of economic phenomena.

To achieve this objective, the Department of Fundamentals of Economic Analysis has defined an "ideal" teaching profile that serves as a guide for the professors responsible for the subjects to be taught in the scope of this Master's degree. The profile is as follows:

Modern and up-to-date vision of the subjects.
Intensive use of ICT.
Use of participatory teaching methods.
Willingness to connect theoretical tools with economic reality.
Willingness to carry out research of recognized quality.
Willingness for the postgraduate course to be a reference in the national and international sphere, both in terms of research and teaching.

This teaching profile guarantees that the established training and quality objectives are achieved.

It should be noted that the Master is aimed at any Diploma, Graduate, Engineer or Graduate who wishes to acquire detailed and rigorous knowledge about the analysis of an economy. It is not essential to have completed previous studies in Economics to be able to carry out these studies.

Learning Outcomes

Knowledge

CON1. Identify the main theoretical and methodological concepts of economic analysis, using appropriate tools, as well as their potential limitations, at an advanced level.

CON2. Distinguish the challenges facing society and the planet, appreciating their complexity and interrelationship; understanding the social, economic, and environmental impact that any current decision or action can have on the planet's sustainability; and assuming that any improvement action must respect democratic values, equality, equity, and tolerance for the diversity of societies.

CON3. Understand and describe in depth various economic problems, such as decision-making in different contexts, market failures, and appropriate public policies, as well as their impact on society.

CON4. Identify with real data and appropriate estimation methods under different empirical challenges of the national and international economic environment.

CON5. Understand the different advanced econometric techniques, propose and estimate econometric models, interpret the results and draw conclusions.

CON6. Understand and evaluate the interrelationships between markets and economic agents, market power and its implications for equilibrium, and the need to foster competition, at an advanced level.

CON7. Deepen your understanding of monetary and fiscal policies, as well as their social, labor, business, and environmental impact on economic cycles and sustainable growth.

CON8. Deepen the assessment of the main challenges facing the current public sector in the complex economic and social environment.

CON9. Understand in depth the functioning and main instruments of financial and monetary markets, as well as analyze the relationships of these markets with the objectives and instruments of economic policy at an advanced level.

Skills

HAB1. Evaluate the impact of stakeholders on the planet, the economy, and society from an economic perspective, as well as public policies that guarantee sustainable and equitable economic development, applying advanced economic models to address all these problems.

HAB2. Apply and use various economic and econometric analysis tools, and acquire critical thinking to investigate their implications and limitations within the topics covered in the course.

HAB3. Apply and experiment with advanced macroeconomic and microeconomic models to address various economic, financial, and industrial organization problems.

HAB4. Use different econometric techniques to analyze data, develop models, interpret results, and draw useful conclusions for economic analysis, policy evaluation, and reporting.

HAB5. Skillfully use appropriate econometric software to solve practical problems in advanced data analysis.

HAB6. Develop and develop critical ideas in depth independently in an individual or group task or in a research project.

HAB7. Present research results fluently and with scientific rigor

HAB8. Analyze the different types of externalities and their impact, evaluating possible applicable public policies and the resulting effects.

HAB9. Evaluate different investment alternatives based on expected financial market performance.

Competences

COM1. Integrate content with a critical vision and an active commitment to the Sustainable Development Goals, specifically economic and environmental sustainability, equity, decent work, and respect for human rights.

COM2. Evaluate and develop public policy proposals to improve the functioning, effectiveness, and sustainability of specific markets and the economy in general.

COM3. Make proposals and judgments that reflect on relevant economic, social, and/or ethical issues, based on an analysis of economic theories, policies, and methodologies.

COM4. Plan and apply, according to the context, the different quantitative and qualitative analysis techniques, using appropriate software, used in economics and econometrics.

COM5. Solve economic problems and make decisions in complex environments, using the necessary analytical and quantitative tools.

COM6. Develop professional activity with a critical vision and an active commitment to social, economic, and environmental sustainability, with respect to human rights and democratic institutions, and be able to contribute specifically to the achievement of the Development Goals linked to their field of knowledge.

COM7. Develop the skills necessary to independently carry out critical analysis.

COM8. Communicate orally and in writing in your native language, using specialized language for the subject of study.

COM9. Evaluate, identify, and select appropriate economic theory and methodology to address challenges and solve economic problems.

Admission and enrollment

General access regulations and procedures

Information on access and admission of students to master's studies is available at: https://www.urjc.es/estudiar-en-la-urjc/admision/274-master

The regulations are also published in: https://www.urjc.es/estudiar-en-la-urjc/admision/274-master#normativa-de-masteres-universitarios

Criteria and procedure for admission to the degree

The general requirements for access to University Master's Degrees are, according to article 18 of Royal Decree 822/2021, of September 28, which establishes the organization of university education and the procedure for ensuring its quality, the following:

Possession of an official Spanish Graduate or Graduate university degree or equivalent is a condition for accessing a Master's Degree, or, where appropriate, having another University Master's degree, or titles of the same level as the Spanish Bachelor's or Master's degree issued by universities and higher education institutions in an EHEA country that in that country allow access to Master's degrees.
In the same way, people in possession of titles from educational systems that are not part of the EHEA, which are equivalent to a Bachelor's degree, will be able to access a Master's Degree in the Spanish university system, without the need for homologation of the title, but verification by of the university of the level of training that they imply, as long as in the country where said title was issued it allows access to university postgraduate level studies. In no case will access through this route imply the homologation of the previous degree held by the person concerned or its recognition for other purposes than that of carrying out the Master's degree.
Universities will guarantee transparent and accessible information on admission procedures, and must have student orientation systems. Likewise, they will ensure that said information and admission procedures take into account students with disabilities or with specific needs, and will have appropriate support and advice services.
Universities may exceptionally establish, based on specific regulations approved by their governing bodies, conditional enrolment procedures for access to a Master's Degree. This will consist of allowing a Bachelor's student who has not yet completed the TFG and a maximum of 9 ECTS credits to access and enrol in a Master's Degree, although in no case will they be able to obtain the Master's degree if they have not previously obtained the Bachelor's degree. Universities will guarantee priority in enrolment for students who have an official university degree of Graduate. In this procedure, credits pending recognition or transfer in the Bachelor's degree, or the requirement to pass a certain level of knowledge of a foreign language to obtain the degree, may be taken into account.
Universities or centres will regulate admission to Master's degree courses, establishing specific requirements and, if necessary, training supplements, the credit load of which may not exceed the equivalent of 20 percent of the degree's credit load. The credits for training supplements will be considered in the same way as the rest of the credits in the Master's degree curriculum.
Universities will reserve at least 5% of the places offered in official Master's degrees for students who have been recognised as having a disability of 33% or more, as well as for students with permanent educational support needs associated with personal circumstances of disability, who in their previous studies have required resources and support for their full educational inclusion.

ADMISSION

The Rey Juan Carlos University does not have specific admission regulations, but is governed by article 18 of Royal Decree 822/2021, of September 28. Each degree has its own general access criteria and special access tests.

Admission to the University Master's Degrees will be carried out through a selection process; In some cases, this process may involve a selection test. The Master's Management will inform interested parties what the selection test will consist of, as well as the exact date and place of completion through this application and by means of a notice via email.

GENERAL ACCESS CRITERIA:

The specific qualifications that will facilitate access to the Master are the following:

Degree in economics
Degree in Business Administration and Management
Degree in Mathematics
Degree in Statistics
Degree in Engineering

Other official degrees or qualifications that include subjects in economics, engineering, statistics and mathematics in their curriculum.

TRAINING COMPLEMENTS

Students with a degree in Economics or Business Administration and Management will have direct access to the master's degree and will not need to take additional training courses.

For the rest of the access qualifications, students may need to take up to 9 credits of complementary training.

These supplements will consist of intensive courses taken prior to the start of the master's degree and will consist of two subjects: microeconomics (training supplement 1) and macroeconomics (training supplement 2). Attendance at these levelling courses will be compulsory for students from degrees such as Engineering, Mathematics or Statistics. Likewise, the quality assurance committee of the master's degree, after analysing the student's educational record, will establish the possible training supplements, among those mentioned, for degrees similar to economics, business administration or finance.

Supplementary Training 1

Denomination: Microeconomics

Total number of ECTS credits4,5

Typology: Training supplement

Temporary organization: Prior to the start of the course

Modality: In‑person

Language: Spanish

Learning outcomes: The following learning outcomes from the Economics degree have been adapted

Knowledge:

-To understand the basic functioning of markets and their typology.

-Understanding supply, demand, and market equilibrium.

-Understand the main instruments for analyzing consumer behavior.

Competences

-Explain the basic functioning of companies

-Explain the conceptual differences between the different markets of perfect and imperfect competition.

Skills and abilities

-Evaluate the effects of changes in market assumptions on general equilibrium.

-Analyze the decisions of economic agents and their interaction in the markets.

Specific course content:

Training activities (face-to-face format)

*Type of training activity*	*Total hours*	*Face-to-face hours with the teacher*	*Remaining student work hours*
AF1	34	34	0
AF2	5	0	5
AF3	71,5	0	71,5
AF13	2	2	0
*Total*	112,5	36	76,5

For DEGREE:

Total hours of training activities = number of credits x 30, of which, hours of face-to-face classes with the teacher = number of credits x 10

For MASTER:

Total hours of training activities = number of credits x 25, of which, hours of face-to-face classes with the teacher = number of credits x 8

evaluation systems

Face-to-face modality	Minimum	Maximum
SE1	40%	60%
SE2	40%	60%
Total	80%	120%

Teaching methodologies: MD1, MD2, MD7 and MD12

Remarks:

Supplementary Training 2

Designation: Macroeconomics

Total number of ECTS credits: 4,5

Typology: Training supplement

Temporary organization: Prior to the start of the course

Modality: In‑person

Language: Spanish

Learning outcomes:

Knowledge

- To understand the basic macroeconomic theories of i) income determination, ii) money, iii) the labor market in aggregate terms of closed and open economies

- To understand the macroeconomic theory of inflation

- Understand the main instruments of macroeconomic policy analysis

Competences

-Being able to explain the functioning of the aggregate economy and its main constituent parts.

- Apply the different quantitative techniques used in basic macroeconomics

Skills and abilities

- Critically evaluate the implications of the assumptions made for the different markets of interest and the interconnections between them.

- Analyze appropriate macroeconomic policies for the problems in question, in particular the promotion of inefficient demand, the reduction of unemployment and the control of inflation.

Specific course content:

Training activities (face-to-face format)

*Type of training activity*	*Total hours*	*Face-to-face hours with the teacher*	*Remaining student work hours*
AF1	34	34	0
AF2	5	0	5
AF3	71,5	0	71,5
AF13	2	2	0
*Total*	112,5	36	76,5

For DEGREE:

Total hours of training activities = number of credits x 30, of which, hours of face-to-face classes with the teacher = number of credits x 10

For MASTER:

Total hours of training activities = number of credits x 25, of which, hours of face-to-face classes with the teacher = number of credits x 8

evaluation systems

Face-to-face modality		Minimum	Maximum
SE1	40%	60%
SE2	40%	60%
Total

Teaching methodologies: MD1, MD2, MD7 and MD12

Remarks:

CONDITIONS OR SPECIAL ACCESS TESTS:

Where appropriate, if necessary, assessment of the student's curriculum, based on their professional experience, their projection in relation to the objectives of the master's degree, as well as their academic record.

Academic record 60%

Relevant professional experience 10%

Other merits of the student's curriculum:

Languages 10%: A minimum B2 level of English is prioritized, as it is essential in research.

Motivation for the Master's program 10%. Given that this Master's program is focused on research, the motivation of students for research on topics covered in the Master's courses will be assessed.

Future prospects 10%: Priority will be given to research careers, that is, students who want to continue with doctoral studies and an academic career, as well as those focused on becoming professionals in institutions where research is paramount.

Offer of places: 40 places. If the minimum number of students envisaged is not reached in a course, the University may choose not to open the teaching group.

See admission and enrollment

Training itinerary

Master's Teaching Guides

ACCESS TO ALL UNIVERSITY TEACHING GUIDES

Training Itinerary

Material resources

External Internships

This master's degree does not plan to carry out External Internships.

Mobility programs

University Master's degrees, due to their duration and characteristics, in general do not specifically contemplate the mobility of their students. However, the Rey Juan Carlos University has different mobility programs for both students and University workers (PDI and PAS) and has procedures for collecting and analyzing information on these mobility programs.

URJC Mobility

Regulation

STUDENTS

TEACHING COORDINATION

Regulations for Teaching Coordination Positions

COEXISTENCE REGIME

Coexistence Regulations of the Rey Juan Carlos University for the Development of Law 3/2022, of February 24, on University Coexistence, approved by Agreement of March 30, 2023, of the Governing Council of the University

SCHOOL INSURANCE

School Insurance

ASSOCIATIONS

Regulation student associations

EVALUATION

Quality guarantee

RUCT link

BOCM Link

Internal quality assurance system

Manual of the Internal Quality Assurance System

Composition of the commission

Results report

Once the monitoring of the Master's Degree has been carried out, the most relevant quantitative information on the results obtained in the monitoring of said Degree is displayed, differentiated by academic year.

Report by course:

General information collection plan

Within the quality assurance system of the Rey Juan Carlos University, the following surveys are planned:

- Student profile

- Teacher evaluation

- Degree of satisfaction:

Of the students
of the graduates
From the Faculty
Technical, Management, Administration and Services Staff

- Labor insertion

- External internships:

Satisfaction of interns
External tutor satisfaction
Employer satisfaction

Survey results:

Improvement actions

The Quality Assurance System of the Rey Juan Carlos University establishes that the degree's Quality Assurance Commission will annually analyze the information derived from the degree's indicators and prepare a report that will include improvement plans if the results so indicate.

Renewal of accreditation

The renewal of the accreditation represents the culmination of the implementation process of the official Bachelor's and Master's degrees registered in the Register of Universities, Centers and Degrees (RUCT). The renewal of the accreditation of official bachelor's and master's degrees is organized in three phases: self-assessment report, external visit and final assessment.

In the first phase, the university describes and assesses the status of the degree with respect to the established criteria and guidelines. The result is the Self-Assessment Report (IA) that is presented. The second and third phases are carried out by a group of evaluators external to the evaluated title.”

Final Report Renewal of accreditation 2021

History

Final Report Accreditation Renewal 2016
Improvement plan 2016

Tracking

Ordinary

Final Ordinary Monitoring Report 2025

Professors and Researchers

2030 Agenda

Strategic plan

Admission

student office