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Master's Degree in Specialized Economic Analysis

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Master's Degree in Specialized Economic Analysis

Economics of Energy, Climate Change, and Sustainability Program

Learn about the economic challenges that the energy transition and climate change entail

9 months
full time

17,500€

Face-to-face

English

60 ECTS

Campus: Bellaterra (UAB) and Ciutadella (UPF)

Program begins in September 2025

Application deadline for 2025-2026, is July 2, 2025

Learn more

Master's Degree in Specialized Economic Analysis

Applications for 2025-2026 Master´s Degrees are now open!

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Master's Degrees

Master's Degree in Specialized Economic Analysis

Economics of Energy, Climate Change, and Sustainability Program

About this Master’s program

How can we understand the economic and ecological forces? What can we do to improve outcomes? In this Master’s program, you will learn about the rapidly changing energy sector, and how economic theory and data tools can be used to understand their functioning.

Discover what makes this program truly exceptional

1

Study with experts in Energy: The Director of this program is also the Director of Climate Change at the Center for Economic Policy Research.

2

Study with leading researchers and professionals: Learn the latest developments in energy from researchers and professionals working in the private and public sectors.

3

Quantitative focus: This program focuses on data analysis and coding for in-depth analysis of energy and climate data.

4

Understand the rapidly changing energy sector: Learn how economic theory and data tools can be used to understand their functioning and trends.

Meet the Program Directors

Program Director

Mar Reguant

Deputy Director

Albert Banal-Estañol

Ready to make a difference? This program is designed for

Students who are passionate about the rapidly changing energy sector. Here’s why it is perfect for you:

You studied Economics or Business and have a strong interest in energy and sustainability economics.
You want to build your knowledge of economics in energy markets and their regulation.
You are a researcher looking to learn more about recent economic tools.
You are an aspiring PhD student looking for a rigorous Master’s in energy economics.

What skills and knowledge will you learn?

Learn the skills needed to understand the energy sector, and data tools to understand economic theory.

Learn how energy markets are organized

You will learn how energy markets are organized and the challenges associated with energy transition.

Build short- and long-run economic models

You will be able to build short- and long-run economic models of the energy transition.

Evaluate the cost/benefits

You will acquire analytical tools to evaluate the cost/benefits of alternative energy regulations.

Learn about economic concepts

Learn about economic concepts and frameworks associated with the analysis and tracking of sustainability goals.

Professors

BSE Professors are renowned researchers who are published in leading Economics Journals.

UAB and BSE

Fernando Payró Chew

UPF and BSE

Javier Gómez Biscarri

UPF and BSE

Martí Mestieri Ferrer

Assistant Professor, ESADE

André B.M. Souza

ICREA-IAE-CSIC and BSE

Mar Reguant

IAE-CSIC and BSE

Joan Llull

Associate Professor University of Zurich

David Hémous

Associate Professor, University of Copenhagen

Morten Olsen

UPF and BSE

Humberto Llavador

Institute of Environmental Science and Technology (ICTA)

Pere Riera

Professor, University of Leuven

Frank Verboven

UPF and BSE

Rosa Ferrer

Associate Professor, CEMFI

Gerard Llobet

UPF and BSE

Albert Banal-Estañol

UAB and BSE

Andre Groeger

National Bank of Belgium

Thomas Stoerk

UPF and BSE

Jaume Garcia-Villar

Program Schedule

In September, students will have the opportunity to take a brush-up course in Mathematics and Statistics, and Stata. These courses are not mandatory but highly recommended to assure a smooth start.

In the beginning of the first term, students will also have to take brush-up courses in Coding in R and Coding in Python. These two courses are mandatory in order to take Foundations of Data Science in Term 1.

Term 1 (September-December)

Course title	Credits	Professor(s)
Mandatory
Quantitative and Statistical Methods I	6	Javier Gómez Biscarri
Microeconomics (Markets, Strategies and Information)	6	Fernando Payró Chew
Empirical Methods for the Analysis of the Energy Transition	3	Mar Reguant
Macroeconomics Under Climate Change I	3	Martí Mestieri Ferrer
Foundations of Data Science	3	André B.M. Souza

Term 2 (January - March)

Course title	Credits	Professor(s)
Mandatory
Quantitative and Statistical Methods II	6	Joan Llull , Mar Reguant
Macroeconomics Under Climate Change II: Financial Stability and Climate Risks	3	Martí Mestieri Ferrer
Sustainable Finance	3	Albert Banal-Estañol
Quantitative Evaluation of Public Policies and the Environment	3	Pere Riera
Electives (Choose from 0 to 9 ECTS)
Empirical Methods for Competition Policy I	3	Rosa Ferrer
Empirical Methods for Competition Policy II	3	Frank Verboven
Panel Data, Discrete Choice, and Duration Models	3	Joan Llull

Term 3 (April - June)

Course title	Credits	Professor(s)
Mandatory
Master Project	6	Mar Reguant
Competition and Regulation in Energy Markets	3	Albert Banal-Estañol
Economic Geography and Climate Change	3	Andre Groeger
Policy Lessons	3	Thomas Stoerk
Electives (Choose from 0 to 3 ECTS)
Economics of Market Regulation	3	Gerard Llobet

Master’s Projects

Students use the tools and knowledge they've acquired during the Master’s to explore a topic of their choice for the Master’s project. It can be carried out individually or in groups.

Examples of Master's Projects

Class of 2023:

The Competitiveness of Battery Storage in the Electricity Market by Daniel Gray and Matias Rojas.
Public and Private Investment in BEV Charging Infrastructure and Spillover Effects by Susanna Recusani and Karianne Reinertsen.

Master’s degree awarded by UAB and UPF

Upon successful completion of the BSE Economics of Energy, Climate Change, and Sustainability Program, students will receive a Master’s Degree in Specialized Economics Analysis awarded jointly with Universitat Autònoma de Barcelona (UAB) and Universitat Pompeu Fabra (UPF).

BSE Institutional Accreditations

Quality accreditations

All Barcelona School of Economics Master’s degrees have been recognized by the Catalan and Spanish Education authorities within the framework of the Bologna Process (in Spanish, “Master Universitario o Master Oficial”).

Quality indicators for this Master’s degree

BSE commitment to quality

Placement rate

80%

Job titles: Analyst, Consultant, Researcher.
Industries: Consulting, Government and Authorities.
Higher Education: 25% go on to a PhD or further education.
Companies: Edison Next; EirGrid Group; KPMG; Massachusetts Department of Public Utilities; Oslo University.

Work Internationally

Cities with the most alumni

Milan

Zurich

Oslo

Boston

Dublin

Testimonials

Eugenio Parigi

I was looking for a program that combined rigorous academic training with a strong focus on real-world challenges like the climate one, and the Energy Economics Master’s at BSE was the perfect fit. The program’s blend of economics, policy, and technical modules offered me a comprehensive understanding of energy markets, sustainable practices, and emerging technologies. The opportunity to learn from industry experts and collaborate with a diverse, international cohort truly enriched my experience and prepared me to tackle the global climate challenge.

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Why study a Master’s at BSE

1

Ranked among the top institutions for economics research in the world by RePEc.

2

Nobel Laureates and prestigious economists develop BSE Master’s.

3

BSE Master’s are taught by well-renowned researchers and faculty.

4

Study in the heart of vibrant Barcelona.

Admissions and entry requirements

At BSE, we look for excellence. Key elements of a strong application are a high GPA, a sound statement of purpose, and standout reference letters. Strong knowledge of Economics and good quantitative skills are also recommended.

Master’s programs start: September 2025

Application deadline: July 2, 2025

Requirements:

An undergraduate/bachelor/grado/laurea, or equivalent degree from an accredited college or university (for Bologna degrees, a minimum of 180 ECTS are required).
University diploma in Economics, Finance, Engineering, Mathematics, Statistics, or Business Administration. Students with academic backgrounds in other subjects will be considered.
An advanced level of English language skills: TOEFL score of 90 or above; IELTS Academic Test score of 6.5 or above.

Candidates will also be evaluated on the following admission criteria:

Outstanding academic record.
Quantitative skills.
Reference letters.

Apply now

FAQs

Below you will find our most frequently asked questions but do not hesitate to contact the BSE Admissions Team to learn more about our Master’s programs.