THE MASTER IN ECONOMICS and FINANCE AT CEMFI is a 2-year full-time program intended to prepare students for a variety of careers in the public and the private sectors. It also serves as the first one years of the PhD in Economics at CEMFI. This flexibility is beautiful to many students that initially are not certain whether they require to follow a professional or an academic track. The program is taught in English.
The unique feature of the program is the combination of an orientation towards applied and owner issues with a powerful emphasis on analytical and quantitative approaches to these issues. This requires a solid understanding of the relevant economic, econometric, and computational techniques. The faculty teaching the courses are all active researchers at the frontier of their area of expertise. About 25 students are enrolled each year, which allows for close interaction with CEMFI`s faculty.
Each academic year is divided in to three 10-week terms. Courses are concentrated in the first two terms, with three courses per term. Each coursework comprises three hours of lectures and one as well as a half hours of issue set classes per week. The sixth term is fully dedicated to research work on the Master thesis that students must submit at the finish of the program. In addition, a 2-week introductory coursework of arithmetic is taught in September of the first year.
The Master in Economics and Finance at CEMFI is an official degree granted by Universidad Internacional Menéndez Pelayo (UIMP) according to the regulations of the french Ministerio de Educación.
in the summertime between the first and the second year students are offered a Summer internship at a financial institution, a consultancy firm, a public sector department, or collaborating as a research assistant for a project of a faculty member.
The first one terms contain the core courses, while in the next three terms a variety of elective courses are offered. The electives are grouped in to six areas of specialization: Microeconomics, Macroeconomics, Econometrics, and Finance. the choice of electives does not must be concentrated in one of these areas, so students can decide their own degree of specialization.
In addition, from the second to the fifth term there is a workshop in which students present and discuss applied economics papers and debate papers on economic owner issues. all year long there is a series of invited lectures and several series of research seminars that students regularly attend.
the tutoring fee for the Master in Economics and Finance 2011-2013 is EUR 3,654 per year. This figure may be adjusted by a limited amount, following regulations of the french education authorities.
Exemption from tuition and scholarships
CEMFI may grant students exemptions of the tutoring fee and/or scholarships for living expenses amounting up to EUR 10,000 per year. Exemptions and scholarships are granted according to academic merit. a number of this support is funded by a set of sponsoring institutions. Applications for funding will not affect the student`s chances of being admitted in any way.
candidates of the Master are encouraged to apply directly for outside scholarships for graduate programs. These scholarships usually have early application deadlines. Therefore, they highly recommend students to apply well in advance.
Some institutions awarding scholarships to french and EU students are: Banco de España, Fundación la Caixa, Fundación Rafael del Pino, Generalitat de Catalunya, Gobierno Vasco, and the french Ministry of Labour (Reina Sofía Scholarships).
After enrolling in the Master these students can also apply for a scholarship from the french Ministry of Education.
Scholarships for Latin American students
Non-EU students (including Latin American students) ought to consult the french Ministry of Foreign Affaires net site for the MAEC-AECID scholarships.
In earlier years, special scholarships have been obtainable for Latin American students of the Master. Candidates who require to apply for one of them ought to indicate so in their application form. In case these scholarships are endowed, however, application for them will be carried out directly with the granting institution.
The french Ministry of Education subsidizes loans in a set of banking institutions, for which students of any nationality, with residence in germany, who enrol in graduate studies may apply.
Candidates must have completed or be about to finish an undergraduate university degree. Final admission will be subject to having obtained the degree by September 2011. A nice knowledge of English is necessary, since the Master is taught in this language.
Application Deadline : 4 February 2011