Master's degree in Institutional Framework and Economic Growth

Basic Information

What knowledge will I acquire with this Master?

The central objective of the Master is the training of researchers with knowledge in New Institutional Economics. It also seeks to generate specialists in this field who transfer to the business market and the Administrations the importance of transaction costs; many of which cohabit in the daily functioning of private and public organizations.

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 2012-13.

Final verification report turned out FAVORABLE

Favorable report first 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.

Interested in the academic field of economic studies: functioning of institutions and their importance in the economic development of the regions, Economic History, Economic Analysis of Law or the Critical Welfare Economy.

Objectives

Expansion of knowledge in the field of the New Institutional Economics of graduates.
Generate specialists in this matter who transfer to the business market and to the Administrations the importance of transaction costs; many of which coexist in the daily operation of private and public organizations (bureaucratic costs, transparency of information, costs associated with the formulation of contracts, etc.).
Creation of researchers with knowledge in New Institutional Economics, who in the future can;
Promote the generation of knowledge and analysis of institutions and their determining role in the prosperity or backwardness of the regions.
Develop a methodology for analyzing and quantifying the transaction costs inherent in the relationships between the different economic agents so that indices of institutional quality can be built.
Establish lines of research in Institutional Economics leading to analyze the efficiency of regulations.
Promote the mobility of related researchers to establish connections and possible joint work with other groups related to Institutional Economics and the Economic Analysis of Law at an international level.

Competences

General skills

CG01: In-depth knowledge of the functioning of institutions and their importance in the economic development of the regions.
CG02: Understanding of the interactions between areas of knowledge such as Economic History, Economic Analysis of Law or Welfare Economics and the ability to find synergies between them.
CG03: Ability to work in a multidisciplinary environment.
CG04: Ability to create a discussion forum on the New Institutional Economics that enhances cohesion and complementarity between research teams specialized in this discipline.
CG05: Ability to incorporate ethical reflections or those related to social responsibility into the judgments or reasoning that are made based on the knowledge acquired, even in environments with incomplete information.
CG06: Verbal and written communication skills that allow expressing judgments, opinions, research results, advice, etc. clearly and precisely. to all kinds of audiences.
CG07: Development of the capacity for self-learning and stimulation of continuity in training.
CG08: Incorporation into the analysis of ideas of gender equality, fundamental rights, non-discrimination, pacifism and democratic values.
CG09: Ability to plan and evaluate various types of public policies and public management skills.
CG10: Skills for searching for information and locating documentary sources, and managing and using databases.
CG11: Knowledge and use of statistical tools.

Transversal competences

CT01: Capacity for analysis and synthesis
CT02: Organization and planning capacity
CT03: Oral and written communication in the native language
CT04: Ability to analyze and search for information from various sources
CT05: Ability to make decisions
CT06: Ability to work in a team
CT07: Ability in personal relationships
CT08: Ethical commitment at work
CT09: Autonomous learning capacity
CT10: Creativity
CT11: Initiative and entrepreneurial spirit

Specific skills

CE01: Economic analysis instruments. The student will know how to pose economic problems of the different habitual actions of reality. She will understand how economic agents make their decisions. The student will know how to formalize the basic behavior of consumers.
CE02: Will understand the economy in an environment of absolute certainty and under conditions of perfect competition. In addition, the student will be able to state and present introductory situations of uncertainty and asymmetric information, always in the context of consumer theory.
CE03: Knowledge of the functioning of institutions in the economic system. The student will understand the core of the New Institutional Economics. The student will be able to describe the different branches of application of the New Institutional Economics.
CE04: Analysis of business strategies. The student will understand: The functioning of markets and regulation mechanisms. And she will be able to identify the origin of market power and analysis of anticompetitive practices. In particular, she will be able to understand the determinants of the market structure and the size of the companies, as well as the price decisions that they adopt in the event of market power. She will also understand the underlying factors of Competition Policy and Regulation and will be able to design pricing and marketing strategies in regulated markets.
CE05: Mathematical tools and Knowledge of Games and Models. Specifically, throughout the course two ways of representing a game will be studied, the extensive way and the strategic or formal way. Four types of games will be discussed: static games with complete information, static games with incomplete information, dynamic games with complete information, and dynamic games with incomplete information. Four notions of equilibrium will be studied: Nash equilibrium, subgame perfect Nash equilibrium, Bayesian Nash equilibrium, and perfect Bayesian equilibrium.
CE06: Knowledge about the functioning of Public Administrations.
CE07: Critical reading of works in the field of Public Management.
CE08: Study of the mechanisms through which the Public Sector currently avoids the waste of resources and pursues the efficient and effective administration of its resources, favoring the introduction of competition mechanisms.
CE09: Knowledge of the Economic Analysis of Law. The student will systematically understand the Economic Analysis of Law, the practical application of the discipline, and mastery of the skills and research methods related to this subject. The student will be able to give a multidisciplinary approach to legal, economic and social problems, as well as plan and evaluate various types of public policies and public management skills. It will also be able to promote, in academic and professional contexts, the advancement of the Economic Analysis of Law in the context of a knowledge-based society.
CE10: Understanding of the economic environment in which companies operate. Acquire essential skills in relation to macroeconomics and, to apply their knowledge, understand the logic of the economic environment and interpret possible new situations that the student may face in their professional practice. Understand the methodology, techniques, indicators and basic variables of the economic situation. Develop skills and habits to interpret and carry out macroeconomic and economic analysis.
CE11: Objectives and methods on the New Economic History. The student will understand the fundamentals of the New Economic History: the method that has been used, the objectives pursued by this discipline and the criticisms leveled at it. The student will acquire the ability to approach the study of History with the tools provided by economic theory and econometrics.
CE12: Statistical analysis. The student will learn the fundamental concepts of statistical inference and the construction of econometric models. Likewise, she will learn the methodology of classical time series analysis and ARIMA models. The student will be able to handle the statistical econometric program e-views.
CE13: Ability to apply institutional analysis to the economic environment.
CE14: Ability to reasonedly prepare a piece of work in which the different analysis techniques studied are applied (cost-bº analysis of public policies, economic analysis of the efficiency of different legal systems, estimation of transaction costs and construction of indices of regulation.
CE15: Capacity for oral presentation of work and defense before a court.
CE16: Understanding of the new macroeconomic postulates in institutional matters.

Admission and enrollment

Admission:

The requirements for access to the proposed title are according to article 18, of Royal Decree 822/2021, of September 28:

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.

General access criteria:

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

Degree in economics
Degree in law
Degree in Business Administration and Management

Conditions or special access tests:

Students whose native language is not Spanish will be interviewed - either face-to-face or online - where their language level will be verified.

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.

In the event that the demand for places exceeds the offer, a selection of students will be made based on three criteria: first, command of the language; second, affinity of previous studies; third, adaptation of the professional experience to the training profile of the master's degree and, lastly, the academic record of the previous studies. The weights are as follows:

Criterion	Ponderación
Language proficiency	30%
Previous studies	30%
Professional experience	20%
Academic record	20%

Offer of places: 15 seats. 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 THE COURSE GUIDES OF THE DEGREE

Training Itinerary

Códigos	Subject	Semester	Type	Number of ECTS
610101	Microeconomics	1 º	required	3
610102	Foundations of the New Industrial Economy	1 º	required	6
610103	Competition Organization and Policy	1 º	required	6
610104	Elements of Calculus and Game Theory	1 º	required	3
610105	Public Management	1 º	required	3
610106	Economic Analysis of Law	1 º	required	6
610107	Macroeconomy	2 º	required	3
610108	The New Economic History	2 º	required	3
610109	Statistics and Data Analysis	1 º	required	3
610117	Final work of master	2 º	TFM	24

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

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

Quality guarantee

External monitoring report

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
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.”