
Madrid, Spain
DURATION
1 Years
LANGUAGES
Spanish
PACE
Full time
APPLICATION DEADLINE
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EARLIEST START DATE
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TUITION FEES
EUR 84 / per credit *
STUDY FORMAT
On-Campus
* The price for non-resident non-EU students is only approximate since each academic rate is different.
Key Summary
Introduction
What knowledge will I acquire with this Master?
The Master in Economics of the Austrian School aims to provide students with the tools and methods of the Austrian School of Economics, as well as the knowledge to apply them to the analysis of economic problems. Over several months of training, the student will achieve a high degree of knowledge in the field of market processes, monetary economics, economic cycles, the evolutionary study of institutions, the analysis of interventionism and innovation processes. technological.
The program is made up of a core body of basic knowledge that will be the basis of an organized research period leading to the writing of a quality original work in one of the main areas covered by the Master.
The program is not only designed to provide students, national and foreign, with the necessary knowledge to carry out specialized research within Economics as a scientific discipline, but also aims to provide them with the necessary experience to develop their skills as economists. both in the public and private sectors (as entrepreneurial agents).
goals
The Master's Degree and the Doctoral Program in Economics of the Austrian School that it supports aim to delve deeper into some of the basic pillars of the Strategic Plan of the Universidad Rey Juan Carlos , specifically:
- Design a quality study and research program, taught by professionals with international recognition in the field of Economics of the Austrian School.
- Initiate postgraduate research, using the methodological rigor that characterizes the Austrian School of Economics, the significant number of postgraduate students who have visited the Department of Applied Economics I of the URJC in recent years, and which has given rise to a important number of doctoral theses defended with the highest qualification. Some of these theses have received national research awards, and the majority of those who are now doctors occupy teaching positions at the URJC itself or in other university institutions.
- Promote the theoretical and technical training processes necessary for the subsequent completion of a doctorate, both for national and foreign students who come mainly from higher education careers with training in Social Sciences and Humanities. For this reason, the three universities that promote this program have joined in.
- Promote quality doctoral theses, from a multidisciplinary perspective - economic, political, sociological, etc. - in the broad methodological field of the Austrian School of Economics.
- Train national and foreign specialists with international competence in their research areas, trained to study and develop new research projects in the field of Economic Sciences from the perspective of Economic Theory and the Methodology of the Austrian School of Economics.
- Establish a work program, internationally contrasted given the success of the Mises Institute in the United States, that in the future involves professionals from other national and foreign institutions.
- Incorporate into a systematized study program the significant number of postgraduate students, national and foreign, who in recent years have shown a growing interest in the topics of Economics of the Austrian School, joining the doctorate in Economics at the Universidad Rey Juan Carlos and, in particular, to the seminars given by Professor Jesús Huerta de Soto.
- The Austrian School's Master's program in Economics aims to provide students with the methods of this School, as well as the knowledge to apply them to the analysis of economic problems.
- The Master is designed not only to provide students with the necessary knowledge to carry out specialized research within Economics as a scientific discipline, but also to provide them with the necessary experience to develop their skills as experts in this field. in both the public and private sectors.
Curriculum
The completion of a classic program typically entails earning 60 ECTS credits.
Master's Degree Duration: One academic year.
- 609901 Basic Principles of Austrian Economics (I): Price Theory and Microeconomics
- 609902 Market Processes and Dynamic Efficiency of Institutions
- 609903 The Liberal Approach in the Field of Economic Sciences. Methodological Foundations of the Austrian School of Economics
- 609904 Innovation and Technology in Market Processes
- 609905 The Austrian School in the Context of Economic Doctrines
- 609906 Economy and Environment
- 609907 Basic Principles of Austrian Economics (II): Monetary Theory and Macroeconomics
- 609908 Money and Banking. The Austrian Theory of the Endogenous Monetary Cycle and Financial Crises
- 609909 Economic Analysis of Planning and Interventionism. The Theory of the Impossibility of Socialism
- 609910 Austrian School and Public Policy
- 609911 The Defense and Private Security Sector as an Efficient Alternative to the Public Sector
- 609912 Economy and Evolution. Evolutionary Analysis of Institutions
- 609922 Final Master's Project
Program Outcome
General skills
- CG01: Ability to identify, formulate and optimally solve problems in the field of Economic Science from the perspective of Economic Theory and the methodological approach of the Austrian School.
- CG02: Ability to analyze, understand and solve economic problems based on solid foundations rooted in social, ethical, and sustainability aspects
- CG03: Ability to apply the knowledge acquired in the program in the field of Economic Science, being able to prepare, transmit and discuss academic documentation in a clear and concise manner
- CG04: Critical reasoning capacity to analyze and assess different economic policy alternatives
- CG05: Ability to learn throughout life: the ability to continue studying autonomously the contributions of the authors of the Austrian School.
- CG06: Creative and innovative capacity to develop new approaches that allow a better understanding of the functioning of modern economies based on the contributions of the Austrian School.
- CG07: Ability to carry out research projects.
Specific skills
- CE01: Systematic understanding of the Austrian School's Economics, its study methodology, its conception of the functioning of an economic system, as well as the proposed solutions to solve problems that affect the international economic system
- CE02: Ability to conceive, design and develop a research project with sufficient academic rigor
- CE03: Ability to develop a first original academic research, in the form of a master's thesis, under the direction of the faculty that teaches in it, as an essential first step for the development of future subsequent academic research
- CE04: Ability to carry out a critical analysis, an evaluation, and a synthesis of new and complex ideas in the field of Economic Science, which allow the advancement of the discipline studied
- CE05: Rationality, coherence, and effectiveness regarding the description and analysis of economic processes
- CE06: Ability to advise on specific situations of the economy (international, national, or regional) or sectors thereof
- CE07: Ability to communicate with the academic community as a whole -to exchange and debate ideas in professional congresses- and with society in general about the areas of knowledge and fields of specialization of this postgraduate program
- CE08: Ability to carry out a critical analysis, an evaluation, and a synthesis of new and complex ideas, which allow the advancement of the particular disciplines studied