Master's degree in Economics from the Austrian School

Basic Information

What knowledge will I acquire with this Master?

The Master's Degree in Economics of the Austrian School aims to provide students with the tools and methods of the Austrian School of Economics, as well as the knowledge to apply them to the analysis of economic problems. Throughout several months of training, the student will achieve a high degree of knowledge in the field of market processes, monetary economics, economic cycles, the evolutionary study of institutions, the analysis of interventionism, and the processes of technological innovation.

The program is made up of a core body of basic knowledge that will be the basis of an organized research period leading to the writing of an original quality paper in one of the main areas covered in the Master.

The program is not only designed to provide students, nationals and foreigners, with the necessary knowledge to carry out specialized research within Economics as a scientific discipline, but also aims to provide them with the necessary experience to develop their skills as economists. both in the public and private sectors (as entrepreneurial agents).

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 2009-10.

Final verification report turned out FAVORABLE

Favorable report first modification

Favorable report second 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.

Objectives

The Master's Degree and the Doctorate Program in Economics of the Austrian School to which it supports, intend to deepen some of the basic pillars of the Strategic Plan of the Rey Juan Carlos University, specifically:

Design a quality study and research program, taught by professionals with international recognition in the field of Economics from the Austrian School.
Start postgraduate research, using the methodological rigor that characterizes the Austrian School of Economics, the significant number of postgraduate students who have visited the Department of Applied Economics I of the URJC in recent years, and which has given rise to a relevant number of doctoral theses defended with the highest qualification. Some of these theses have received national research awards, and most of those who are now doctors hold teaching positions at the URJC itself or at other university institutions.
Promote the processes of theoretical and technical training necessary for the subsequent completion of a doctorate, both for national and foreign students who come primarily from higher degree degrees with training in Social Sciences and Humanities. For this reason, the three universities that promote this program have been associated.
Promote the completion of quality doctoral theses, from a multidisciplinary perspective, -economic, political, sociological, etc.- in the broad methodological field of the Austrian School of Economics.
Train national and foreign specialists with competence in their research areas at an international level, trained to study and develop new research projects in the field of Economic Science from the perspective of Economic Theory and the Methodology of the Austrian School of Economics.
Establish a work program, proven internationally given the success of the Mises Institute in the United States, which in the future involves professionals from other national and foreign institutions.
Incorporate into a systematized study program the significant number of postgraduate students, national and foreign, who in recent years have shown a growing interest in the subjects of Economics of the Austrian School, joining the doctorate in Economics of the Rey Juan Carlos University and , in particular, to the seminars taught by Professor Jesús Huerta de Soto.

The Master's program in Economics of the Austrian School aims to provide students with the methods of this School, as well as the knowledge to apply them to the analysis of economic problems.

The Master is designed not only to provide students with the necessary knowledge to carry out specialized research within Economics as a scientific discipline, but also to provide them with the necessary experience to develop their skills as experts within this field. both in the public and private sectors.

Competences

The degree will respond to the following general and specific skills.

General skills

CG01: Ability to optimally identify, formulate and solve problems in the field of Economic Science from the perspective of Economic Theory and the methodological approach of the Austrian School.
CG02: Ability to analyze, understand and solve economic problems based on solid foundations rooted in social, ethical and sustainability aspects
CG03: Ability to apply the knowledge acquired in the program in the field of Economic Science, being able to prepare, transmit and discuss academic documentation in a clear and concise manner.
CG04: Critical reasoning ability to analyze and assess different economic policy alternatives
CG05: Ability to learn throughout life: ability to continue studying autonomously the contributions of the authors of the Austrian School.
CG06: Creative and innovative capacity to develop new approaches that allow a better understanding of the functioning of modern economies based on the contributions of the Austrian School.
CG07: Ability to carry out research projects.

Specific skills

CE01: Systematic understanding of the Economy of the Austrian School, of its study methodology, of its conception of the functioning of an economic system, as well as of the solutions proposed for the resolution of the problems that affect the international economic system
CE02: Ability to conceive, design and develop a research project with sufficient academic rigor
CE03: Ability to develop a first original academic research, in the form of a master's thesis, under the direction of the teaching staff, as an essential first step for the development of future academic research.
CE04: Ability to carry out a critical analysis, evaluation and synthesis of new and complex ideas in the field of Economic Science, which allow the advancement of the discipline studied
CE05: Rationality, coherence and efficiency regarding the description and analysis of economic processes
CE06: Ability to advise on specific situations of the economy (international, national or regional) or sectors thereof
CE07: Ability to communicate with the academic community as a whole -to exchange and debate ideas in professional congresses- and with society in general about the areas of knowledge and fields of specialization of this postgraduate program
CE08: Ability to carry out a critical analysis, evaluation and synthesis of new and complex ideas, which allow the advancement of the particular disciplines studied

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.

Candidate selection:

General access criteria:

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

Degree in economics
Degree in Business Administration
Degree in Finance
Degree in Political Science
Degree in law
Degree in Sociology

Other degrees or official titles that include Economics, Law and Political Science subjects in their curriculum.

Conditions or special access tests:

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.

Offer of places: 30 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
609901	Basic Principles of Austrian Economics (I): Price Theory and Microeconomics	1 º	required	6
609902	Market Processes and Dynamic Efficiency of Institutions	1 º	required	3
609903	The Liberal Approach in the Field of Economic Sciences. Methodological Foundations of the Austrian School of Economics	1 º	required	3
609904	Innovation and Technology in Market Processes	1 º	required	3
609905	The Austrian School in the Context of Economic Doctrines	1 º	Optional	3
609906	Economy and Environment	1 º	Optional	3
609907	Basic Principles of Austrian Economics (II): Monetary Theory and Macroeconomics	2 º	required	3
609908	Money and Banking. The Austrian Theory of the Endogenous Monetary Cycle and Financial Crises	2 º	required	3
609909	Economic Analysis of Planning and Interventionism. The Theory of the Impossibility of Socialism	2 º	required	3
609910	Austrian School and Public Policy	2 º	required	3
609911	The Defense and Private Security Sector as an Efficient Alternative to the Public Sector	2 º	required	3
609912	Economy and Evolution. Evolutionary Analysis of Institutions	2 º	required	3
609922	Master's thesis	2 º	TFM	24

Material resources

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.”