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MASTER IN ECONOMICS AND FINANCE (MEF)
Economicsvs Finance?
Current events show the crucial importance of a solid knowledge of both Economics and
Finance
… Consider for instance the European Debt
Crisis…
The debt crisis started as a widening of interest rate spreads across European crisis…
Three countries had to be bailed out (Greece, Ireland, Portugal)…
And other bigger countries started to suffer (Italy, Spain) threatening the future of the Eurozone and the whole European Union.
An example: European Debt Crisis
The vulnerability of the different countries have different causes…
Greece: fiscal deficits, wage increases.
Ireland: housing bubble, banking crisis.
Spain: housing bubble, unemployment, trade deficit, private debt.
Italy: very high public debt, lack of confidence in the political system.
But equally dramatic consequences – both for the financial sector and for the real economy.
An example: European Debt Crisis
Several countries had government changes (Greece, Italy, Spain…)
Riots and strikes in Greece, Italy, Spain.
Changes in European treaties.
Important reforms (labor and financial reforms in Spain, pension reforms in Italy…)
Economic and Political Consequences
What caused the debt/confidence crisis?
Are interest rates spreads due to deteriorating fundamentals or to speculation?
Should we bail out countries – or not?
How to improve the underlying fundamentals (CA deficit, real appreciation, unemployment, stability of the banking system…)?
What happens if the EMU breaks down?
Theoretical and practical issues
The need of top level specialists in the areas of economic analysis and financial theory.
The Master in Economics and Finance is:
Rigorous; Academic; Research oriented; Internationally oriented.
The MEF can lead to: the PhD in Economics or Finance; to work in the private sector or
in national and international organizations.
The need of a solid analytical and theoretical knowledge of economics and finance
The MEF (Master in Economics and Finance) is an official Master program in Economics and Finance.
It was created in 1999 with the objective of preparing top level specialists in economic analysis and financial theory.
The program aims to provide a solid theoretical base and to develop the analytical skills needed for practical work and research.
THE MEF
THE PROGRAM
Mathematical Methods for Economic Research
Economic Theory I: General Equilibrium and Welfare EconomicsEconomic Theory II: Dynamic Macroeconomics Econometrics I: Design of Econometric Models Econometrics II: Microeconometrics Econometrics III: Financial Econometrics Finance I: Investment Theory and Uncertainty Finance II: Risk CoverageFinance III: Corporate Finance Topics I: Monetary and International EconomicsTopics in Economics and Finance II: Industrial Organization Topics in Economics and Finance III: Personnel EconomicsTopics in Economics and Finance IV: Public Policy Research Seminars
Master Thesis
In the 4th Quarter: Master thesis
Idea: apply the skills and techniques acquired in the first nine month to a relevant contemporary issue
Serious, rigorous and demanding: the best Master thesis have been published in international journals
And, above all… a lot of fun!
THE PROJECT
Outside speakers from top universities and institutions around
the world explaining their latest research and results.
THE SEMINARS
Mirko Abbritti (Unav, PhD The Graduate Institute, Geneva)
Christine Choirat (Unav, PhD Université Paris Dauphine)
Luis A. Gil-Alaña (Unav, PhD London School of Economics)
Markus Kinateder (Unav, PhD Universitat Autònoma de Barcelona)
Ángel López (Unav, PhD Toulouse School of Economics,
France)Germán López Espinosa (Unav, PhD University
of Alicante)Yuliya Lovcha (Unav, PhD University of Alicante)Sergio Mayordomo (Unav, PhD Carlos III
University)Pedro Mendi (Unav, PhD Northwestern
University) Antonio Moreno (Unav, PhD Columbia
University)Ignacio Rodríguez (Unav, PhD Public University
of Navarra)Isabel Rodríguez (Unav, PhD University of
Maryland) Tommaso Trani (Unav, PhD The Graduate
Institute, Geneva)
THE FACULTY
Greg Gregoriou (SUNY, PhD University of Quebec, Montreal)
Rafael Moner (University of Valencia, PhD Université
Catholique de Louvain, Belgium)
José Sempere (University of Valencia, PhD Université
Catholique de Louvain, Belgium)
Razvan Pascalau (SUNY, PhD University of Alabama)
Gabriel Pérez-Quiros (Banco de España, PhD
University of California San Diego)
Enrique ter Horst (European Central Bank, PhD Duke
University)
Sebastian Weber (International Monetary Fund, PhD The
Graduate Institute, Geneva)
THE FACULTY
Academic world (University of Navarra, Rochester University, London School of Economics, University of Pennsylvania, San Diego, CEMFI, London Business School, Columbia, IESE Business School…)
National and international organizations (European Central Bank, European Commission, World Bank, International Monetary Found, Governments, OECD, OPEC, American Development Bank, Think Tanks…)
Private sector Consulting Firms (McKinsey, Boston
Consulting Group, Accenture, KPMG, JP Morgan, Compass Lexecon, Oliver Wyman, Indra, Repsol, Deloitte…)
Financial Institutions (BBVA, Morgan Stanley, Zurich, Toronto Dominion Bank …)
Other Companies (Repsol, Arcelor Mittal, Thomson Reuters…)
THE CAREERS
100% of our graduates
find a job within the year
following the completion of
the program.
THE CAREERS
Practical informationMEF
SELECTION PROCESSRolling admissions until July, 15th
Price: 13,308 eurosTOEFL: 90 points
GRE FUNDING
Excellence Scolarships 35% - 65% off. GPA scores higher than 7 out of 10,Santander Scolarships 35% off. GPA scores higher than 7 out of 10,Teaching Assistant Scolarships 800 €/monthIncentive program for doing the doctoral thesis (Deferral of 80% of tuition convertible on discount)
WEBSITE: www.unav.es/master/economicsandfinan
ce
MANAGING DIRECTOR: Ignacio Bernaola ([email protected])
+ INFO: [email protected]
THANK YOU!
