Master in Economic Development and Growth
The Erasmus Mundus Master Course in Economic Development and Growth-MEDEG is a full-time masters programme organized by a consortium including three top-class European Universities:
Universidad Carlos III Madrid - Spain (coordinating institution) University of Warwick – United Kingdom University of Lund - Sweden
MEDEG lasts two academic years, includes 120 ECTS (60 ECTS/year), and consists of 14 or 16-course modules (depending on the two different mobility schemes available) delivered through a combination of lectures, classes, tutorials and essay writing with individual supervisors. Another key component of the programme is an 8.000-word research dissertations to be written at the end of the first year and a 15.000-word dissertation to be written at the of the second year, on subjects chosen by students in consultation with supervisors.
Students are mandatorily required to study in two different universities of the consortium. In each university, they have to remain for one year and complete 60 ECTS. More specifically, the possible combinations are:
(A) Warwick (1st year) – Lund (2nd year)
(B) Carlos III Madrid (1st year) – Lund (2nd year)
MEDEG students can choose to spend their first year either at the University of Warwick (Option A) or at Universidad Carlos III Madrid (Option B). Warwick targets English-speaking students oriented towards research on economic development and growth at an academic level. Carlos III Madrid targets Spanish-speaking students wanting either to pursue a professional career as development economists at governmental agencies and international organizations or to carry out research in development economics and economic history at an academic level.
The first term is common at both universities and provides basic courses in Macro- and Microeconomics, International Economics, Statistics and Econometrics at an intermediate level. In the second term, advanced courses are taught in order to allow students to specialize in the field of Economic Development according to the expertise offered by the two Universities. Students at Warwick develop advanced skills in econometric analysis and focus mainly on advanced research topics in economic history, macro- and micro-topics in development and transition. Students at Carlos III focus on the analysis of different facets of economic development with a special emphasis on demography, inequality and poverty, and privilege Latin America as their main field of analysis. In both Universities, the 3rd term of the first year is devoted to preparing an 8.000-word, final dissertation. First-year courses end up with a general workshop of one week in which MEDEG students from both options receive advanced training on specific topics by a specialist from consortium universities and external experts. Students with the highest-quality first-year dissertations will also present the results of their research and discuss them with experts.
In the second year, MEDEG students move to the Lund University to receive education and training in a series of advanced courses on different aspects of long-run economic development and growth. Thanks to the wide scope of expertise available at Lund and mobility schemes which allow instructors from both Warwick and Carlos III Madrid to move to Lund for one term, students can choose among a high number of courses on topics as varied and diverse as comparative patterns of economic change, technological change and innovation, inequality and living standards, economic demography, energy and sustainability, globalization and growth. In addition, methodological courses are also offered on advanced quantitative and research methods. Some of these courses will be offered by experts from Warwick and Carlos III Madrid, thus enhancing the intra-consortium mobility of scholars (see below) and further expanding the range of specialized topics offered to students. At the end of the second year, students are required to write a second 15.000-word dissertation with a high-level component of innovative research.
The Erasmus Mundus Master course in “Economic Development and Growth (MEDEG)” has four main objectives:
- to educate an innovative generation of analysts, researchers and professionals in the field of economic development and growth;
- to create a high-quality European master programme able to compete in the international market for higher education as a reference centre for research and professional training in the field of economic development and growth;
- to institutionalize the mobility and interaction of students and scholars across Europe and with Third-Countries;
- to contribute to European education’s excellence and competitiveness at international level within the European Higher Education system.
MEDEG combines the complementary expertise existing at three leading European Universities into a common platform of graduate education and training. This objective is pursued within the guidelines of the Bologna process and aims to contribute to the development of the European Higher Education Area.
Admission requirements are common for all students. The basic requirement for admission is to have obtained (or to be in the situation of obtaining before the start of the Master Programme) a recognized Bachelor's Degree (BS, BSc, SB, etc.) or a degree at the level of a Bachelor's Degree, e.g. its equivalent from a college, university, or technical school of high standing, or 180 ECTS credits in the European system, in Economics. A good background in Mathematics, Statistics and Econometrics is required. In particular cases, the Selection Committee can admit students with a Bachelor Degree in other disciplines which include a comprehensive and advanced training in economics, mathematics and quantitative methods.
As far as language requirements are concerned, applicants whose native language is not English but hold a first degree from Universities based in an English-speaking country do not need to provide any certificate of language proficiency. The same applies to applicants who obtained their degree from Universities in non-English speaking countries but in which courses are taught in English; in this case, they must enclose an official document issued by their University that certifies that English is the medium of instruction.
Program taught in: