PhD programme in Economics is an excellent option. Support and attention granted to graduate students much better than that experienced at most North European and UK institutions and without comparison in Spain. It has excellent research partnerships with top notch institutions (i.a., the LSE) and has managed to position itself as a leading force within economic research (micro, macro, growth, rational expectations theory), only surpassed by the LSE in terms of publications in Europe. However, it still lags in terms of academic quality outside the Economics department.
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