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M a st e r/ 60 E CT S E xe cut iv e P ro gr am M a d ri dSummary M3F Program Objectives / 2 Structure / 2 Courses / 3 Directors / 4 Faculty / 4 Admission Requirements / 5 Evaluation / 5 Award of Degree / 6 Schedule / 6
Application and Tuition Fees / 6 UIMP Grants / 7
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UIMP
M3F
Master in Macroeconometrics and Finance
Universidad Internacional Menéndez Pelayo (UIMP) offers an Executive
Master Program with the highest academic standards in macroeconomics,
econometrics and finance, promoted jointly by Instituto de Estudios
Fisca-les (IEF), and Centro de Estudios Económicos y ComerciaFisca-les (CECO), and
taught in English, by top international academics and practitioners.
Faculty of the Master in Macroeconometrics and Finance, M3F, consists
of highly reputed professors and researchers from top university
de-partments. It also includes invited professors and other professionals that
are experts in the fields of interest of the program.
M3F courses combine rigor in economic analysis and econometric
techni-ques with advanced practice in both finance and policy issues, and it is
designed for mid-career professionals, in the public administration and
the private sector, seeking to promote their careers internationally in
pu-blic policy or the financial markets.
M3F is one-year program that can be taken either over one or two
acade-mic courses in accordance to a part-time basis. It also offers the needed
preparation for those willing to pursue studies towards a PhD in
Econo-mics, Finance or Public Policy according to the official requirements of the
different universities.
Location
Aulas CECO, Edificio A del Instituto de Estudios Fiscales Avda. Cardenal Herrera Oria, 378
28035 Madrid
Official University Degree Postgraduate Executive Program
Objectives
The objective of the M3F is to offer to government officials and other professionals in Economics and Public Administration mid-career qualifications with the highest academic standards.
The M3F is oriented to well established, high performing professionals in the public administration and in the private sector:
> Who seek to promote their careers domestically or internationally.
> Who seek to move to a leadership position internationally in public policy or the financial markets,
for instance at international organizations either intergovernmental or private.
> Willing to pursue studies towards a PhD in Economics, Finance or Public Policy. Quantitative and
empirical methods are key in these fields and are central to the M3F.
The M3F is designed for professionals with a taste for quantitative methods and aiming to achieve a rigorous knowledge of macroeconomic policy, applied econometrics, and finance.
Structure
> The Master program (M3F) is a part-time one year program, but it is flexible so that completion of
the program in two years is an option. It is taught in English by top international academics and practitioners, on a part-time basis.
> The degree requires the successful completion of 60 ECTS (European Credit Transfer System)
cre-dits of graduate courses (6 crecre-dits are equivalent to a 50 hour course or 150 hour student’s work).
> The program is structured in three terms: Fall, Winter and Spring, and over a total of 33 weeks.
> In the option M3F over two years, it roughly involves four courses per term of two to three hours
a week (for a total of 8 to 13 hours per week) in a schedule compatible with professional activity (Friday + Saturday) to complete 80 to 130 hours per term.
> The option in one year implies an extra load of 30 to 60 hours more per term (plus late sessions
during two working days).
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UIMP
Courses
Fall Term (10 ECTS)
Code
101490 Applied Economic Theory (3 ECTS)
101496 Mathematical and Statistical Analysis (3 ECTS) 101501 Applied Financial Theory (2 ECTS)
101506 Financial Risk Management I. Measurement (2 ECTS)
Courses that can be postponed to 2nd year (3 ECTS):
Code
101507 Financial Risk Management II. Banking (2 ECTS) 101495 English for Economics (1 ECTS)
Winter Term (10 ECTS)
Code
101491 Growth, Cycles and Macroeconomic Policy I (3 ECTS) 101497 Cross Section and Panel Data Econometrics I (4 ECTS) 101502 Corporate Finance I (3 ECTS)
Courses that can be postponed to 2nd year (9 ECTS):
Code
101492 Growth, Cycles and Macroeconomic Policy II (2 ECTS) 101498 Cross Section and Panel Data Econometrics II (2 ECTS) 101503 Corporate Finance II (2 ECTS)
101508 Financial Instruments and Derivatives (3 ECTS) Spring Term (10 ECTS)
Code
101493 Money, Inflation and Macroeconomic Policy I (3 ECTS) 101499 Multivariate Methods and Financial Econometrics I (4 ECTS) 101504 International Trade and Finance I (3 ECTS)
Courses that can be postponed to 2nd year (9 ECTS):
Code
101494 Money, Inflation and Macroeconomic Policy II (2 ECTS) 101500 Multivariate Methods and Financial Econometrics II (2 ECTS) 101505 International Trade and Finance II (2 ECTS)
101509 Project Finance and Banking (3 ECTS)
101510 Master Project (9 ECTS)
Directors
The Master in Macroeconometrics and Finance has a scientific committee supported by a scientific council. The scientific committee includes also Professor Raquel Carrasco, Professor Antonia Díaz and Professor Teodosio Pérez.
Scientific Director
Alfonso Novales
PhD Minnesota
Catedrático de Fundamentos del Análisis Económico Universidad Complutense de Madrid
Program Director
Luis Puch
PhD Carlos III
Profesor Titular de Fundamentos del Análisis Económico Universidad Complutense de Madrid
Faculty
Finance ChairAlfonso Novales
Ángel León, PhD Alicante, Profesor Titular de Fundamentos del Análisis Económico, Universidad
de Alicante
Jesús Vázquez, PhD Stony Brook, Catedrático de Fundamentos del Análisis Económico,
Univer-sidad del País Vasco
Macroeconomics Chair
Luis A. Puch
Antonia Díaz, PhD Minnesota, Profesor Titular de Fundamentos del Análisis Económico,
Univer-sidad Carlos III de Madrid
Quantitative Methods Chair
Teodosio Pérez, PhD California San Diego, Profesor Titular de Fundamentos del Análisis
Econó-mico, Universidad Complutense
Raquel Carrasco, PhD CEMFI, Profesor Titular de Fundamentos del Análisis Económico,
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UIMP
Other
Brendan Anglin, Master Harvard Negotiating Project. Chair of English for Economics
María Gutiérrez, PhD CEMFI, Profesor Titular de Economía Financiera y Contabilidad, Universidad
Carlos III
Belén Jerez, PhD UCLA, Profesor Titular de Fundamentos del Análisis Económico, Universidad
Carlos III
Gustavo Marrero, PhD Universidad Autónoma de Barcelona, Profesor Titular de Fundamentos del
Análisis Económico, Universidad de La Laguna
José Penalva, PhD UCLA, Profesor Titular de Economía Financiera y Contabilidad, Universidad
Carlos III de Madrid
Javier Población, PhD Alcalá, Inspector de Entidades de Crédito, Banco de España
Carmelo Rodríguez, PhD Universidad Autónoma de Barcelona, Investigador Ramón y Cajal,
Uni-versidad Complutense de Madrid
Jesús Ruiz, PhD Complutense, Profesor Titular de Fundamentos del Análisis Económico,
Univer-sidad Complutense Madrid
Eva Senra, PhD Carlos III, Profesor Titular de Economía Aplicada, Universidad de Alcalá Gregorio Serna, PhD Carlos III, Profesor Titular de Economía Financiera y Contabilidad,
Universi-dad de Alcalá
Admission Requirements
For admission to the Master, students must have an official university degree from an institution of hig-her education in a country included in the “European Highig-her Education Area” (EHEA).
Students with an equivalent degree issued by institutions outside the EHEA can be accepted without an explicit, official recognition of qualification, after proving the equivalence of the education level and that such as degree gives access to Master education in the country of the issuing institution. The ad-mission of these students does not mean that their degree is recognized in any context other than the admission to the Master.
Prospective candidates to the program are graduate students not only with a University degree but also with a general purpose Master in Economics or with a comparable professional experience. The former typically includes those requirements for the access to the staff in public administration.
Our target candidates are government officials and professionals with broad duties in policy mana-gement, in economics and statistics for policy purposes, or analysts in macroeconomics, finance or econometrics for institutions or corporations.
A high level of English is required, since the Master is taught in English and the Master Project is carried out in English.
The admissions committee will take into account CV, letters of reference, current position, scores on the GRE and TOEFL if available, and any other information provided by the candidate.
Evaluation
> Evaluation is continuous, via course exams. Problem sets and other student’s work will additionally
contribute to the evaluation.
> Successful completion of the courses will require a minimum grade.
> Students have a maximum of two examination sittings per year to pass each course and must
Award of Degree
Upon successful completion of 51 ECTS credits and of the Master Project (9 ECTS), the students will receive the Official Master’s Degree in Macroeconometrics and Finance, issued by the Chancellor of the UIMP.
Schedule
The courses start mid-September and end late June. Lectures take place Friday late afternoon (from 16:00 to 21:15) and Saturday morning (from 9:15 to 13:00).
These schedules do not prevent other classes can be scheduled at different times throughout the pro-gram, if necessary, to comply with the training objectives.
Application and Tuition Fees
Both the registration procedure and the required documents should be consulted in www.ceco.es Maximum number of students: 30
Application period: Late April to early September
Applications for admission are made through the site www.ceco.es. The documents should be send by mail to [email protected] attached in JPG or PDF format.
Required documentation:
1. Copy of DNI (National Identity Document) for Spaniards; Passport or Foreign Identification
Number (NIE) for non-Spaniards.
2. Certified copy of Degree giving access to the University Master’s.
3. Personal academic transcripts (original or certified photocopy).
4. Curriculum Vitae.
5. One passport-size photo.
Students with a non-homologated foreign degree, or those with a degree in the process of being homo-logated, are also requested to provide:
1. A document from the university where they have studied attesting to the fact that the courses
completed qualify the student for access to post-graduate study in the university’s home country.
2. Personal academic transcripts indicating the official duration of one’s studies in academic years,
the course of studies followed, classes taken, and the grades and credits earned in each class.
Important: Academic documents presented are to be legalized and translated into Spanish, where
necessary. The requirement for legalization shall not be enforced for documents issued in member states of the European Union, or from states having signed the European Economic Space Agreement.
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UIMP
Registration period: Until the end of September
Tuition Fee: Students should pay at CECO the tuition fee (rate per ECTS). Students should pay at UIMP the following fees:
> Administrative fee, in the first registration
> Office expenses, per year
> School insurance (under 28 years old), per year
Other charges:
> Personal academic certification
> Issuance of Master’s Degree
NOTE:
Registration and deadlines: Tuition and administrative fees, and deadlines for each academic year, are published on the website of the UIMP, upon approval by the Ministry of Education, Culture and Sports.
UIMP Grants
UIMP may grant Master’s students exemptions from the registration fees. These are granted according to academic merit. Queries and administrative procedures are published in www.uimp.es
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M3F
Master Macroeconometrics
and Finance
Information
Secretaría de Estudiantes UIMP
Isaac Peral, 23 28040 Madrid 91 592 06 00/20 [email protected] www.uimp.es Fundación CECO Aulas CECO
Edificio A del Instituto de Estudios Fiscales Avda. Cardenal Herrera Oria, 378 28035 Madrid 91 563 18 15 [email protected] www.ceco.es Code: P02H MINISTERIO DE EDUCACIÓN, CULTURA Y DEPORTE
