We use our own and third-party cookies to improve our services, process statistical information and analyze browsing habits. If you continue browsing, you ACCEPT THEIR USE. You can also CONFIGURE or REJECT the cookies being installed by clicking on the button "CONFIGURE".


PhD in Economics

Our program prepares students for successful careers in universities and academic centers as well as in central banks and public and private sector institutions. Many years of successful placements, as well as the career paths of our graduates, speak to the value added of our PhD program. This high value has been recognized with the recent award of the María de Maeztu Excellence Distinction. This highly selective distinction is awarded by Spain’s National Research Agency to “fund and accredit public research centers and units in any scientific area that demonstrate international scientific impact and leadership and actively collaborate with their social and business environment.”

Our 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. 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.

See all


Selected Publications by PhD Graduates

José Asturias, Manuel García Santana and Roberto Ramos, Competition and the Welfare Gains from Transportation Infrastructure: Evidence from the Golden Quadrilateral in India, Journal of European Economic Association, jvy039 (2018), .

Felipe Carozzi, Credit Constraints and the Composition of Housing Sales. Farewell to First-time Buyers?, Journal of the European Economic Association, forthcoming.

Victor Aguirregabiria and Pedro Mira, Identification of Games of Incomplete Information with Multiple Equilibria and Unobserved Heterogeneity, Quantitative Economics, forthcoming.

See all

© CEMFI. All rights reserved.