Requisites and admission criteria

• Applicants for Summer-School courses must have a university degree (BA or equivalent) that provides an appropriate background for further study. In addition, a good knowledge of English is a necessity.

• Each course description indicates the background in econometrics, finance, economic theory or other subjects needed to take full advantage of that course.

• Admission decisions will be based on the educational background and professional experience of applicants, and on the order of arrival of their applications.

Application and tuition fees

• Applications for admission should be submitted electronically. The deadline is Friday 17 June 2011. Applications received after this deadline will be processed subject to availability.

  Access to the on-line form
  

• There are two classes of tuition fees:

  - General fee, EUR 1,900 per course.
  - Academic fee, EUR 800 per course.

  Academic fees are only applicable to full-time university faculty or full-time graduate students. PhD students and young faculty (up to 5 years after PhD) may request, after submitting their electronic application, a discount of EUR 300 by sending an application letter to the Director of the CSS, CEMFI, Casado del Alisal, 5, 28014 Madrid, Spain, together with a CV documenting the merits and circumstances which might justify this discount. We will consider only those discount requests received by 17 June 2011.

• Applicants will be informed no later than 24 June 2011 of decisions on applications received by 17 June 2011. Each applicant will receive an admission number for each of the courses to which he is admitted.

Payments

• Each applicant must advance a nonrefundable deposit of EUR 150 per course before 1 July 2011 to in order to reserve his place. The remainder of the tuition fee should be paid before 22 July 2011.

• Applicants will be offered a personalized URL for online credit/debit-card payments (Visa, Mastercard or 4B will be accepted).
  
  Alternatively, payments can be made by transfer to the bank account below (with bank fees at the participant's expense). A copy of each transfer receipt should be faxed to +34 914 291 056, with the admission number noted on the fax.
  
  Account Name:    CEMFI
  Account number: 0128-0010-97-0100532092
  Bank Name:         Bankinter
  Bank Address:     Paseo de la Castellana, 29, 28046 Madrid
  
  For transfers from outside Spain:
  SWIFT code:        BKBKESMM
  IBAN code:           ES05-0128-0010-97-0100532092

Cancellation terms

• Accepted participants who provide written cancellation requests (letter or fax) no later than 10 working days before the beginning of a course shall be eligible to receive a 75% refund of tuition fees.  A person with a similar educational and professional background may be permitted to substitute during the entire duration of a course for an admitted general-fee participant without additional payment.  Advance notice of any such substitution is required.

• CEMFI reserves the right to change or cancel any part of its published program due to unforeseen circumstances. If a course is canceled, participants will receive a full refund of reservation and tuition fees, but CEMFI will not compensate for other expenses such as those related to travel and accommodation that participants might have already incurred.