Official Master's Degree · 60 ECTS

Grounded in theory.
Tested with data.

A one-year master's program at UPV/EHU training the next generation of applied economists and policy evaluators. Rigorous methods. Real-world data. Taught entirely in English.

Program at a glance
60
ECTS Credits
1
Academic Year
22
Places Available
~€2k
Public Annual Tuition
Bilbao, Spain Faculty of Economics & Business (Sarriko)
Full-time, on-campus in English.
Four pillars. One integrated toolkit.

We train economists who can identify causal effects, handle large datasets, and translate findings into actionable policy recommendations.

Causal Inference & Policy Evaluation

The backbone of the program. Understand when and why standard regression fails, and master the identification strategies that produce credible answers to policy questions.

Quantitative Methods

Econometrics, time-series analysis, and microeconometrics. Build the statistical foundations required for advanced applied research.

Data Science & Programming

Hands-on work with R, STATA, and Matlab. From data wrangling and visualization to machine learning for prediction and heterogeneous treatment effects.

Applied Economics

Labor markets, environmental policy, health economics, energy, gender inequality. Apply your methods to domains where the stakes are real.

Built for quantitative thinkers.
From any discipline.

The common thread among our strongest students is not a degree in economics — it is comfort with quantitative reasoning. The economics you don't yet know, we will teach you.

Mathematics, Physics & Engineering

You have strong formal training but little exposure to economics. The methods here will feel familiar; the applications are new. Many of our alumni come from exactly this background.

Economics

You know the theory. This program gives you the empirical toolkit to put it to work — causal identification, microeconometrics, and the programming skills increasingly expected in research and policy roles.

Quantitative Social Sciences

Sociology, political science, psychology — if your undergraduate work involved statistics, research design, or data analysis, the transition is shorter than you might think. What matters is the quantitative orientation, not the label on your degree.

Five phases. September to July.

A progressive curriculum that takes you from foundations to independent research in one intensive year.

View full syllabus
Phase 1
Foundations
September
up to 12 ECTS
Initial training courses. Leveling in mathematics, statistics, and economics for students from diverse backgrounds.
Phase 2
Core
Oct – Dec
20 ECTS
Compulsory training in economic analysis, advanced econometrics, and programming. The quantitative backbone of the degree.
Phase 3
Applied I
Jan – Feb
up to 16 ECTS
Elective modules in specialized applied fields: environment, experimental economics, monetary markets, advanced topics.
Phase 4
Applied II
Mar – Apr
up to 16 ECTS
Other elective modules in specialized applied fields: labor, energy, development, social choice.
Phase 5
Master Thesis
May – July
12 ECTS
Original research under faculty supervision. Internship placements available. The gateway to a PhD or professional career.
A public university.
An international program.

UPV/EHU is the leading research university in the Basque Country, with a faculty whose work appears in top-tier journals. Bilbao offers a high quality of life at a fraction of the cost of other European cities.

Public university tuition of approximately €2,000/year, a fraction of comparable European programs. Additional financial aid is also available for a small set of students.
Small cohort of 22 students with direct access to faculty, seminar-style teaching, and close mentorship.
Unibasq Internationalization Seal, recognized for the international composition of its student body.
Pathway to PhD: direct access to the inter-university PhD in Quantitative Finance & Economics (UPV/EHU, UCM, UV, UCLM) upon completion of the program with excellent performance.
Where our graduates work.

Our alumni work as data analysts, policy evaluators, and economic consultants in both the private and public sectors. Many continue to PhD programs in economics and finance.

BBVA Research European Commission World Bank Eustat Basque Government Consulting Firms Central Banks PhD Programs KU Leuven (2nd year)

Research track

Strong performance in the master grants access to the inter-university PhD in Quantitative Finance and Economics, or to a second year at KU Leuven's Master of Economics. Several alumni hold faculty positions or are completing doctoral dissertations.

"The rigorous focus on causal inference set me apart during interviews. Recruiters were impressed that I didn't just know how to run a regression in R, but understood the identification strategy behind it."
Maria G.
Data Analyst, European Central Bank
"A rigorous program that prepared me perfectly for my PhD. The transition from theory to empirical application was seamless."
Alumni
PhD Candidate, Economics

Have questions about the program, student life, or career prospects? These graduates have volunteered to share their experience.

Ready to start?

22 places. One academic year.

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