Macroeconomic Policy and Financial Markets Program
Learn central issues in Macroeconomic and Financial Economics analysis
full time
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Master's Degrees Master's Degree in Specialized Economic AnalysisMacroeconomic Policy and Financial Markets ProgramAbout this Master’s program
Learn economic techniques such as dynamic stochastic general equilibrium (DSGE), vector autoregression (VAR), nowcasting and forecasting as well as data science and machine learning. Become an expert in aggregate economy and financial fundamentals.
Discover what makes this program truly exceptional
In-depth Knowledge: Comprehensive understanding of macroeconomic and financial economics analysis.
Learn Advanced Skills: Training in cutting-edge economic techniques and data science tools DSGE, VAR, nowcasting, and forecasting.
Expert Faculty and Guest Lectures: Taught by internationally renowned professors and practitioners.
Strong Career Support: Graduates are frequently placed in central banks, consulting firms, and international institutions.
Meet the Program Directors
Hugo Rodríguez Mendizábal
Albert Marcet
Ready to make a difference? This program is designed for
Students who are passionate about issues in Macroeconomic and Financial Economics analysis. Here’s why it is perfect for you:
- You have a background in Economics, Business Administration, and Engineering.
- You are a Junior analyst looking to improve your profile.
- You want to do a PhD after a rigorous master’s.
Professors
BSE Professors are renowned researchers who are published in leading Economics Journals.
Argimiro Arratia
Javier Gómez Biscarri
Fernando Broner
Jordi Caballé
Eudald Canadell
Davide Debortoli
Javier Fernández-Blanco
Luca Fornaro
Luca Gambetti
Dmitry Kuvshinov
Joan Llull
Francesc Obiols-Homs
Gabriel Pérez-Quirós
Albert Marcet
Hugo Rodríguez Mendizábal
Luis Rojas
André B.M. Souza
Program Schedule
In September, students will have the opportunity to take a brush-up course in Mathematics and Statistics, Stata and Matlab. These courses are not mandatory but highly recommended to assure a smooth start.
Students will also have the opportunity to take brush-up courses in Coding in R and Coding in Python. These two courses are mandatory for those students who want to take Foundations of Data Science in Term 1.
Term 1 (September - December)
| Course title | Credits | Professor(s) |
|---|---|---|
| Mandatory | ||
| Macroeconomics | 6 | Francesc Obiols-Homs, Luis Rojas |
| Foundations in Equilibrium Analysis | 3 | Hugo Rodríguez Mendizábal |
| Quantitative and Statistical Methods I | 6 | Javier Gómez Biscarri |
| Finance | 3 | Albert Marcet |
| Electives (Choose from 0 to 3 ECTS) | ||
| 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 | Luca Gambetti |
| Electives (Choose from 9 to 12 ECTS) | ||
| Macroeconomics of Labor Markets | 6 | Javier Fernández-Blanco |
| Financial Economics | 6 | Jordi Caballé |
| Fiscal Policy | 3 | Davide Debortoli |
| Panel Data and Duration Models | 3 | Joan Llull |
Term 3 (April - June)
| Course title | Credits | Professor(s) |
|---|---|---|
| Mandatory | ||
| Master Project | 6 | Luis Rojas, Luca Gambetti |
| Policy Lessons | 3 | Gabriel Pérez-Quirós, Eudald Canadell |
| Electives (Choose from 9 to 15 ECTS) | ||
| Monetary Police | 3 | Luca Fornaro |
| Macro-Finance | 3 | Dmitry Kuvshinov |
| Sovereign Debt and International Financial Markets | 3 | Fernando Broner |
| Advanced Time Seires: Nowcasting & Forecasting** | 3 | Gabriel Pérez-Quirós |
| Machine Learning for Finance* | 3 | Argimiro Arratia |
Master’s Project
Examples of Master's Projects
Class of 2023
- Fiscal Insurance During Financial Distress by Deema Alturki, Emil Bernstein, and Isabella Lara White.
- Banking Crisis Prediction: Exploring the Role of Text-Based Indicators by Ferran García and Timothy Hunter.
Class of 2022
- An Unfair Affair? Inequality Spillovers of US Monetary Policy by Bernice Batungbacal, Maria Paula Contreras, Diego Martínez.
- Burning Growth: Rising Temperatures in a Growth-at-Risk Approach. A Case Study of Colombia by Camila Camilo, Angie Rozada, and Carlos Sanz.
Class of 2021
- The Macroeconomics of Fighting Climate Change: Estimating the Impact of Carbon Taxes, Public and Private R&D Investment in Low-Carbon Technologies on the Scandinavian Economy by Astrid Esparza Sánchez, Benedikt Höcherl, and Wei Liam Yap.
Master’s degree awarded by UAB and UPF
Upon successful completion of the BSE Macroeconomic Policy and Financial Markets 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).
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”).
Placement rate
- Job titles: Economist, Research Assistant, Analyst.
- Industries: Government and Authorities, Financial Services, Consulting Firms.
- Higher Education: 6% do a PhD or further education.
- Companie: Deloitte, European Central Bank, Capital Economics, Central Bank of the Dominican Republic, Spanish Ministry of Economic Affairs & Digital Transformation.
Work Internationally
Cities with the most alumni
Testimonials
Liliana Cruz
The Macroeconomic Policy and Financial Markets Program gave me the ability to analyze things from a wide perspective and it also gave me a lot of quantitative tools that I am using in my work to do forecasting and other tasks. The quality of the teachers is stunning and this really makes the difference from other programs
Rana Mohie
The Master’s Program had a lot of practice and this impressed me a lot. I thought it would be mostly studying theories and topics reading papers, but we got a lot of knowledge and we went in-depth into using tools and coding.
Luciano Magnifico
Studying in Barcelona, and particularly being part of the Master in Macroeconomic Policy and Financial Markets, has been one of the most fulfilling journeys of my life. This opportunity combined exposure to an internationally renowned faculty with the chance to collaborate with a group of young professionals with immense potential, from whom I will carry valuable lessons for my future career. I believe the program strikes an excellent balance between theoretical analysis and practical applications that will be beneficial for any upcoming professional or academic endeavors.
Why study a Master’s at BSE
Ranked among the top institutions for economics research in the world by RePEc.
Prestigious economists including Nobel Laureates guide the development of BSE Master’s.
Learn from well-renowned faculty.
Study in 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.
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.
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.
Is BSE listed in any higher education or research rankings?
Here you will find the Rankings that the Barcelona School of Economics is listed in.
Can I apply to more than one program?
You can apply to up to three different programs on your application for the same academic year.
How can I apply for tuition funding?
Your application will automatically be considered for tuition fee funding
What level of English do I need to have for this Master’s?
An advanced level of English is required, we accept the following as proof: TOEFL score of 90 or above; IELTS Academic Test score of 6.5 or above; Duolingo English Test 120 points
Do I need to take the GRE General Test to apply?
We highly recommend submitting the GRE General Test as part of your application, but it is optional
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