Goals and impact

The goal of this master’s degree program is to provide students with the tools and methods distinctive of the Austrian School of Economics and to give them the necessary knowledge to apply these to the analysis of economic problems.

Over the course of several months of training, students will acquire 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 the processes of technological innovation.

The program comprises a central body of knowledge which lays the foundation for the master’s thesis.

The program is designed not only to give students the necessary knowledge to do specialized research within the field of economics as a scientific discipline, but also to give them the necessary experience to develop their skills as economists.

The chief aims of the university master’s program and the doctoral program in Austrian Economics for which it provides the basis are as follows:

1

To provide students with the methods distinctive of the Austrian School and the necessary knowledge to apply them to the analysis of economic problems.

2

The master’s program is designed not only to give students the necessary knowledge to do specialized research within the field of economics as a scientific discipline, but also to give them the necessary experience to develop their skills as experts in this field, in both the public and the private sector.

3

To offer a quality course of study and research taught by professionals of international prestige in the field of Austrian Economics.

4

To introduce students to graduate research with the methodological rigor characteristic of the Austrian School of Economics.

5

To further the necessary processes of theoretical and technical training for the subsequent completion of a doctorate, for both Spanish and international students who, primarily, hold bachelor’s degrees with study in the social sciences and the humanities.

6

To encourage the preparation of high-quality doctoral dissertations from a multidisciplinary (economic, political, legal, and sociological) perspective within the broad methodological sphere encompassed by the Austrian School of Economics.

7

To train Spanish and foreign specialists with international competence in their respective areas of research, specialists capable of studying and developing new research projects in the field of economic science from the perspective of economic theory and the methodology of the Austrian School of Economics.

8

To establish a work program which, in the future, involves professionals from other Spanish and foreign institutions.

9

To bring together in a systematized study program the large number of Spanish and international graduate students who, in recent years, have shown a growing interest in matters related to the Austrian School of Economics.

In addition, the program will correspond to other general and specific competencies of the URJC.

Competencies

  • CG01: Ability to identify, formulate, and optimally solve problems in the field of economic science from the perspective of economic theory and Austrian methodology.
  • CG02: Ability to analyze, understand, and solve economic problems through the application of sound fundamental principles rooted in social, ethical, and sustainability considerations.
  • CG03: Ability to apply in the field of economic science the knowledge gained in the program and readiness to prepare, present, and discuss academic documents in a clear, concise manner.
  • CG04: Ability to reason critically in order to analyze and assess different economic policy alternatives.
  • CG05: Lifelong learning ability: the capacity to continue studying, independently, the contributions of Austrian authors.
  • CG06: Creative and innovative ability to develop new approaches conducive to 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 competencies:

  • CE01: Systematic understanding of Austrian Economics, its research methodology, its concept of the functioning of an economic system, and the solutions proposed to resolve the problems that affect the international economic system.
  • CE02: Ability to conceive, design, and develop a research project with sufficient academic rigor.
  • CE03: Ability to carry out an initial, original, academic research project in the form of a master’s thesis, under the direction of the professors who teach in the program. The master’s thesis is the first, essential step toward the conducting of subsequent academic research.
  • CE04: Ability to critically analyze, evaluate, and summarize new and complex ideas in the field of economic science and, in doing so, to foster the advancement of the discipline studied.
  • CE05: Rationality, consistency, and effectiveness regarding the description and analysis of economic processes.
  • CE06: Ability to give advice about specific conditions which exist in the (international, national, or regional) economy or in certain economic sectors.
  • CE07: Ability to communicate with the academic community as a whole – to exchange and debate ideas at professional conferences – and with society in general about the areas of knowledge and specialization that pertain to this graduate program.
  • CE08: Ability to critically analyze, evaluate, and summarize new and complex ideas and, in doing so, to foster the advancement of the particular disciplines studied.