Overview

On the Economics PhD program from CEMFI , students enjoy a stimulating academic environment with accessible and supportive faculty. The program comprises two stages: stage one, coursework; and stage two, research. The coursework stage provides students with state of the art tools to successfully conduct research in an ample range of areas in Economics. The research stage fosters an international and interactive academic environment in which students grow to develop an independent and productive career.

Key facts:

The typical duration of studies is five to six years. Students who successfully complete the two stages are awarded the degrees Master in Economics and Finance and PhD in Economics and Government. The Universidad Internacional Menéndez Pelayo awards the official degrees of the CEMFI Graduate Program.

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Programme Structure

Courses include:

Microeconomics

Macroeconomics

Statistical Methods in Econometrics

Uncertainty and Information

Econometrics

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Key information

Duration

Full-time
- 36 months

Start dates & application deadlines

Starting 2026-09-22 00:00:00
- Apply before 2026-05-31 00:00:00

More details

Applications open 11th November until 31st May or until all places filled
Funding Application Deadline: 31 January

Language

English

TOEFL^® IBT

100

Schedule TOEFL®

IELTS

7

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Delivered

On Campus

Campus Location

Madrid, Spain

Disciplines

Economics Econometrics Statistics

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Academic requirements

GRE^®

Required

English requirements

TOEFL^® IBT

100

Schedule TOEFL®

IELTS

7

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

Undergraduate degree

Degree in a related discipline such as economics, business, mathematics, physics, engineering, etc. If you have not yet completed your undergraduate studies, you can postpone submitting your diploma until you effectively join the program in September. Please note that having successfully completed your undergraduate studies is compulsory to enroll.

Graduate degree

Degree in a related discipline (if applicable).

Graduate record examination (GRE). You can submit the complete pdf of the test taker score report, sending a physical copy is optional. If you are still awaiting the test scores, you may submit your application indicating the date you took the test for it to be considered complete.

Proof of English knowledge

Nationals of an English-speaking country or students who earned their undergraduate degree from an institution located in an English-speaking country are exempted from this requirement.

Student Insurance via Studyportals Partner

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.

Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at CEMFI and/or in Spain, please visit Student Insurance Portal.

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Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

6600 EUR / year

≈ 6600 EUR / year
EU/EEA Applies to you

Applies to you

EU/EEA Nationals

3300 EUR / year

≈ 3300 EUR / year

Additional Details

Administrative fees: EUR 230.78/yr

Living costs

Madrid

Spain

745 - 1260 EUR / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

PhD students can obtain additional funding that will help launch their research projects through both internal and external sources.

The typical activities covered by such grants are obtaining data sets, running lab or field experiments, and improving computational capabilities.

Given the growing importance of applied research in economics, at CEMFI we regard providing students with sufficient resources to obtain and process data as a critical input for their success.

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Scholarships Information

Below you will find PhD's scholarship opportunities for Economics.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

About

Overview

Key facts:

Get more details

Programme Structure

Check out the full curriculum

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Delivered

Campus Location

Disciplines

Explore more key information

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Student Insurance via Studyportals Partner

Make sure you meet all requirements

Tuition Fees

International Applies to you

EU/EEA Applies to you

Additional Details

Living costs

Madrid

Funding

Check for any work restrictions

Scholarships Information

Available Scholarships

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