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Coursework Stage

Years 1 and 2 constitute the coursework stage. This is structured around coursework, participation in workshops, and the writing of a short thesis.

  • Structure

    Courses. The academic year is organized in trimester terms. The first term begins with two introductory courses in quantitative methods that are followed, in the fall and winter terms, by core courses in microeconomics, macroeconomics, and econometrics. In the spring term, and during the fall and winter terms of the second year, student take elective courses, acquiring frontier knowledge in their chosen fields of specialization. For details on 2018-2019 course offerings, you may visit here.

    Workshops. The coursework is complemented with a series of workshops that are designed to aid students learn how to read and discuss research-oriented and policy-oriented papers in applied economics while aquiring presentation skills.

    Master Thesis. During the spring term of the second year, students write a research paper (officially, the Master thesis) on their field of interest under the supervision of a faculty member. This paper constitutes the first step towards the PhD dissertation.

  • Research internships

    In the summer of the first year, students may enroll in CEMFI’s research internship program. This program covers a wide range of interests and fields in Economics.

  • Academic calendar 2020-2021

    Our official calendar for the academic year 2020-2021 is:

    Introductory Courses   Winter Term
    Lectures begin   7 September 2020   Lectures begin   11 January 2021
    Lectures end   24 September 2020   Lectures end   19 March 2021
    Exams   24 September 2020   Exams   5–9 April 2021
    Fall Term       Spring Term
    Lectures begin   29 September 2020   Lectures begin   12 April 2021
    Lectures end   4 December 2020   Lectures end   18 June 2021
    Exams   11–22 December 2020   Exams   24–30 June 2021

Research Stage

Subject to adequate performance in the first two years, students proceed to the research stage. Under the supervision of CEMFI faculty members, PhD students work on their dissertation, making innovative contributions to the field of economics. The research stage is designed to support the student in the transition to becoming an independent researcher. Students constitute an integral part of CEMFI’s research community and participate in all seminars, workshops, summer school courses, and conferences. The program also has activities that are specifically designed to develop research skills and create an environment conducive to finding research topics. These include a PhD workshop, reading groups and short courses.

  • PhD workshop, reading groups and short courses

    PhD workshop. Students present their work before faculty and fellow students. Students develop effective presentation skills while receiving feedback from the entire faculty. To see the schedule of last year’s PhD workshops, please visit here.

    Reading groups. Students present frontier papers in their field of interest as well as their own early work before faculty and fellows students. There are a total of five reading groups, in the areas of applied economics, banking and finance, econometrics, macroeconomics, and microeconomics.

    Short courses. These are short (tipically, one week) courses that are specifically designed for students in the research stage. These specialized courses are taught by leading international scholars in the field.

  • Financial support for conference participation

    CEMFI encourages PhD students to present their work at major international conferences as well as at specialized workshops with significant relevance to the student’s field of study. With this aim, CEMFI has a financial support program the covers the student’s registration, travel, and accommodation expenses.

  • Financial support for academic visits

    CEMFI encourages PhD students to be part of the international network of economists and interact with leading experts in their field. With this aim, CEMFI has a financial support program that covers the student’s expenses while visiting other institutions during the research stage of their PhD. Our PhD students have visited many renowned institutions, including Carnegie Mellon University, University of Chicago, Harvard University, London Business School, London School of Economics, University of Minnesota, MIT, Northwestern University, University of Pennsylvania, Stanford University, University College London, and University of Wisconsin-Madison.

  • Research funds

    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.

General Graduate Program information


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