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Joint Master in Economics and Management of Network Industries (EMIN)

APPLICATION 2016-2018

The deadlines for prospective students to send their applications depend on the pathway to be chosen:

Comillas-Comillas-Paris - June, 30th 2016.

Paris-Paris-Comillas - June, 30th 2016.

Delft-Delft-Comillas - May, 1st 2016.

The liberalization and regulation of network industries and infrastructures across the world creates a need for industries and public institutions to hire skilled professionals capable of understanding these processes and participating actively in their management and regulation.

The EMIN Joint Master Programme offers the opportunity to acquire expertise in the management of network industries from a global perspective that covers both economic/regulatory and technological/management issues. In these industries, teaching, training and research are typically carried out solely by focused specialists, which usually results in a skewed perspective. The purpose of this Master is to continue integrating specialists from different backgrounds and nationalities, and to make them interact in an interdisciplinary program so as to address the main problems faced by network industries in the current context of economic crisis and environmental concern. Our master students will learn the relevant engineering, economics, policy and management principles that should guide the functioning of network and infrastructure industries with a special focus on the energy and electrical power sector. Throughout the master, students will apply these skills and knowledge to solve real-life problems, since this course is dedicated to training qualified professionals.

This Master Programme is awarded jointly by some of the most prestigious European universities. First line American and Asian universities and research institutes are also part of the programme consortium.

Added Value

The EMIN Joint Master Programme has an advantage over existing programmes in the added value stemming from its partners' joint expertise, the relevance of the subjects addressed, the participation of supporting industries and institutions, and the target of offering a joint degree once legal obstacles and national legislation so allow. All these advantages ensure an impact on European competitiveness in this area, and the development of cutting-edge education and collaboration between the academic and the industrial worlds. This added value of the EMIN Joint Master Programme can be summarized in the following points: international component, renowned partners, interdisciplinary approach, industry connection, experience gained in the management of this programme, and research career opportunities.

 EMIN cola 21.05.15

  1. Information
  2. Methods & Objectives
  3. Curriculum
  4. Admission information
  5. Scholarships
  6. Career & academic prospects

Degree offered

Degree

Current Master degrees awarded by the universities in the EMIN consortium are the following ones:
Comillas Pontifical University: Master in Electric Power Industry - Official recognition and accreditation in Spain.
Paris SUD 11 University - Master in Numerical Economics and Network Industries - Official recognition and accreditation in France
Delft University of Technology - Master in Engineering and Policy Analysis - Official recognition and accreditation in the Netherlands

The EMIN is designed as a multiple degree programme. Depending on the pathway followed during the training period, the EMIN student can obtain the degrees included in one of the next two options:
1. Master in Electric Power Industry + Master in Numerical Economics and Network Industries
2. Master in Electric Power Industry + Master in Engineering and Policy Analysis

Fees

The 2016/2018 EMIN Joint Master Programme participation costs has been set at:
• 22000€ for European students.
• 28000€ for non-European students.
These costs cover tuition fees, examination and administrative services provided by each academic institution.

Duration

The EMIN is a two-year joint programme

The course starts in August or September 2016 depending on the hosting University.

Partners

The European partners are:

  • Comillas Pontifical University, Madrid (Spain): noted for its excellence in the electric power industry, as Coordinator.
  • Delft University of Technology (The Netherlands): well-known for its research and teaching on policy analysis and infrastructure economics.
  • Paris-Sud 11 University (France): renowned for its expertise in economics and management of network industries.
  • Florence School of Regulation of the European University Institute (Italy): reference forum in Europe for the regulation of network industries.

The third country partners are:

  • The Johns Hopkins University Whiting School of Engineering (Baltimore, USA): prominent on environmental and sustainability engineering and economics.
  • The University of Texas at Austin (USA): The Department of Electrical & Computer Engineering is ranked among the top in the USA, notorious for his work in Energy Systems.
  • Federal University of Rio de Janeiro (Brazil).

As associated partners:

  • The Lawence Berkeley Lab. Environmental Energy Technologies Division (California, USA). One of the most renowned Research institutions in the world. Eleven scientists associated with Berkeley Lab have won the Nobel Prize. They perform top R&D on energy technologies and reduction of adverse energy-related environmental impacts.
  • Harbin Institute of Technology (China). Established pioneer in China in the fields of Technology, Policy and Management.

As well as ten large companies from these sectors: Iberdrola, Endesa, Gas Natural, Red Eléctrica, OMEL (Iberian Energy-Market Operator), Wind to Market, InterMoney, Enexis, Microeconomics, and Delta Netwerkbedrijf B.V., KPMG.

Contact

EMIN COORDINATOR 
Prof. Luis Olmos Camacho
Instituto de Investigación Tecnológica
Universidad Pontificia Comillas
EMIN COORDINATION MANAGER
Sara Tamarit Guerola
ICAI School of Engineering 
C/ Alberto Aguilera, 25 28015 Madrid
Tel: +34 91 540 62 68
This email address is being protected from spambots. You need JavaScript enabled to view it.

  

 

Objectives

The liberalization and re-regulation of network industries and infrastructures across the world creates a need for industries and public institutions to hire skilled professionals capable of understanding these processes and participating actively in their management and regulation. In this regard, the EMIN master aims primarily to convey: 

  • Knowledge: to train highly-qualified professionals able to understand the technological and economic principles of network industries, by delivering an interdisciplinary curriculum that combines engineering and economics courses, adapted to the students' varying backgrounds.
  • Skills: to provide students with the necessary competences to efficiently apply this knowledge, and to manage and re-regulate network industries in a dynamic, international and evolving framework, whether as in-house staff, on consulting teams, in public bodies such as ministries or development or regulatory agencies, or in research institutions.
  • Attitudes: to encourage students to work in a multicultural framework, bearing in mind the economic, environmental and social dimensions of network industries management to meet the needs of the present without compromising the ability of future generations to meet theirs.

The attainment of all these objectives calls for an interdisciplinary approach, academic excellence and experience on the part of the partners involved, and fluent industry connections.

 

The EMIN is a two-year joint programme (120 ECTS) with two separate phases:

Training period (90 ECTS): 3 semesters worth 30 ECTS each of lectures at the partner universities.

Master Thesis and internships (30 ECTS): to be carried by students at any of the EMIN partner universities, with the collaboration of the industry partners that will support the development of professional internship of EMIN students during the last stage of their studies.

Training period

During the training period, the EMIN program must be bed from various disciplines. The training of EMIN students must combine, in a coordinated manner, the economics of network industries, the management and policy of infrastructures, the regulation of key sectors for the development of the European single market, and the technological aspects that characterize network industries making them different from other sectors. This interdisciplinary nature is one of the most unique features of the EMIN joint programme, and it requires careful design in order to guarantee that students with different backgrounds (economics and engineering) are able to supplement their previous training with new concepts and areas of knowledge while keeping the cohesiveness of the whole programme. The structure of the training period can be represented as shown in the figure below, in which each box represents the main area of expertise of the degree-awarding partners.

 TrainingPeriod

Contents of the coursework period are detailed below in this same section, (see Tables 2-6).


Master thesis

Once students have passed the required 90 ECTS of training coursework, they will start a research period for their Master Thesis (30 ECTS)¹ . The university hosting students for their dissertations may offer them additional coursework required for the development of the master dissertation.

Students may write their theses either at a university department, laboratory or institute, or in a company placement, depending on the pathway and interest of the candidate. The EMIN Master has fostered the establishment of regular links and internship agreements with companies so that students willing to have a professional experience linked to their Master Thesis can be granted this opportunity.

Industries involved in the EMIN advisory committee as associated partners, will participate especially in this placement agreements, but a growing number of other companies with a looser relationship to the Master will also be involved.

In any case, students will submit Master Theses at the University where the thesis has been registered, and in front of an international committee, taking advantage of the yearly joint dedicated research seminar to be held at the Florence School of Regulation - Robert Schuman Centre for Advanced Studies at the European University Institute in Florence (Italy).

The EMIN master theses must be related to the electricity sector or to the interactions of the power sector with other network industries such as gas or telecommunications.


Mobility

The previous experience of the four groups of EMIN students already in progress show two different student profiles:
engineering graduates searching for a more global systemic approach that includes economic, management and policy perspectives, and
economics and management graduates requiring to learn how to use advanced tools in the technological layer to better understand the fundamentals of network industries.

Common to both these profiles is the focus on advanced tools for decision-making, regulation and policy analysis.

The co-existence of these two different disciplinary profiles requires a more specific framework for student pathways to follow through the universities of the Consortium. The flexibility of the course in terms of the mobility component is very attractive, but academic path followed must be structured carefully in order to define clearly what the expected outcome is once a student finishes the course.

This 'structured flexibility' has been made explicit in this proposed update by the definition of various pathways. Each pathway requires a different background, and some of the skills and abilities earned by the student can be pathway-dependent. From the point of view of career development and employability, this structure can help future employers to easily identify the expected abilities of EMIN graduates, and to differentiate the variety of profiles according to the pathway followed in such an interdisciplinary programme.

Using acronyms for each partner (C=Comillas, D=TU Delft, P=Paris Sud 11, F=Florence School of Regulation, J=Johns Hopkins U, T=U. Texas at Austin, R = F. U. Rio de Janeiro, and for the associate member B=Lawrence Berkeley National Lab., and H=Harbin Institute of Technology), the table below summarises the main pathways:

Table 1 Main student pathways in the EMIN

PathwayBackgroundSem 1Sem 2Sem 3Sem 4
1 Engineering D D C, [J] [C, D, L, P, F, J, T, R, B, H]
2 Engineering P P C, [J] [C, D, L, P, F, J, T, R, B, H]
3 Economics C C P [C, D, L, P, F, J, T, R, B, H]

The training period is established jointly by the EMIN partners, according to their respective areas of expertise. The different pathways offered are the result of the previous 4 years of EMIN experience, and have been designed according to the student profiles, learning objectives and industrial needs. These pathways take advantage of the complementarities of the partners expertise and experience, but are designed in an integrated way to target different professional profiles. In particular, each student on our course is offered the chance to choose between 3 options to take on our Masters degree²:

A student with an engineering background may opt to acquire specialist training in policy analysis, and in the regulation of the electric power industry. This student will select then Pathway 1.
An engineer graduate wishing to become an expert on economics and regulation, with an in-depth knowledge of the power sector, will study in Paris-Sud and Comillas via Pathway 2.
An economics graduate with this same economics and regulatory approach would follow Pathway 3.

The semester at Johns Hopkins U. is recognized at Comillas U. and it requires the student to spend another semester in Comillas (valid combinations will be C, J or J, C in the third and fourth semesters, respectively, where the Master Thesis could be split trough the whole second year and combined with coursework in both Universities).

The structure of the pathways reflects the mandatory mobility of the students, who must visit at least two partners during the training period, and an optional third one while writing their Master Theses. The two partners where students spend semesters 1, 2, and 3 will provide the two master degrees awarded under the multiple-degree scheme until the joint-degree scheme is available.

Another improvement with respect to the previous design is that students' mobility has been limited to avoid changes during the academic year. The experience of the last four years shows that allowing students to change their place of residence in the middle of the academic year (typically at the end of January) creates many practical difficulties that should be avoided if possible.

 

2015/2016 EMIN Master contents

The 2015-2016 courses offered by the universities in the Consortium within this Masters course are outlined in Table 2, Table 3, Table 4, Table 5, and Table6. Courses offered in semester 4 can serve as additional training while developing the Master Thesis. 
The EMIN master theses must be related to the electricity sector or to the interactions of the power sector with other network industries such as gas or telecommunications.

Table 2 Courses in TU Delft - The Netherlands (Delft)

 

CourseProfessorECTS
First semester
Principles of Policy Analysis A. de Haan 5
Actor and Policy Models L. Hermans 5
Cross-cultural Management H. Warmelink 5
Economics and Regulation S. Strorm 5
Statistical Modeling P. Heijnen 5
Continuous Systems Modeling E. Pruijt 5
 
Second semester
Policy Analysis of Multi-actor Systems B. Enserink 5
Technology Development & Impact Assessment W. Ravesteijn 5
Economy of Infrastructures R. Kunneke 5
Decision Making in Networks B. Broekhans 5
Project Management J. Vrancken  
Discrete Systems Modeling A. Verbraeck  
 
Semester 4
Master Thesis 30

* Please, find more updated information of Delft courses.

Table 3 Courses in U. Paris Sud 11 - France (Paris)

CourseECTS
Semester 1
Mandatory Courses
Economie du Market Design 6
Market Design Economics
Economie de la société d'information 6
Information Society Economics
Economie Politique des Institutions et de la Règlementation 4
Political Economy of Institutions and regulation
Stratégie d'entreprise dans les industries de réseaux 4
Firm Strategy in Network Industries
Student have to select a minimum of 10 ECTS equivalent courses in the list
Economie et Management de l'innovation (FRENCH) 4
Economics and Management of innovation
Politique de la concurrence et de la règlementation (FRENCH) 4
Political economics of institutions and regulation
Systèmes d'information et d'Organisation 4
Information systems and organisation
Econométrie I 4
Econometrics I
Econométrie II (FRENCH) 4
Econometrics II
Cours d'Anglais appliqués à l'économie 3
English lessons applied to economics
Economie Industrielle (FRENCH) 4
Industrial Economics
Economie de réseaux (FRENCH) 4
Network economy
Economie de la Propriété Intellectuelle 4
Economics of Intellectual Property
 
Semester 2
Mandatory Courses
Séminaire d'organisation industrielle 4
Industrial organization seminars
Market Design Approfondi 4
Advanced Market Design
Séminaire approfondi Economie Numérique 4
Advanced seminar on Digital Economy
Student have to select a minimum of 10 ECTS equivalent courses in the list
Open Source et production communautaire 2
Open Source and Community production
Economie des biens culturels 2
Economy of cultural products
Economie des données personnelles et de la vie privée 2
Economy of personal data and privacy
Commerce et coordination électroniques 2
Eclectronic commerce and coordination
Séminaire approfondi Economie et Gestion de l'innovation 4
Depth seminar on Economie et Management de l'innovation
Stratégies d'innovation : Ecosystèmes, innovation radicale et alliances 2
Innovation strategies : ecosystems, radical innovation and partnerships
Entrepreneuriat et création d'entreprises innovantes 2
Entrepreneurship and creation of innovative company
Marketing de l'innovation 2
Marketing innovation
Management de l'innovation en situation d'économie numérique 2
Management of innovation in the digital economy status
Séminaire approfondi Economie de la Régulation (FRENCH) 4
Depth seminar on political economics of institutions and regulation
L'économie et gestion du spectre 2
The economie and spectrum management
La régulation de l'ADSL et de la fibre optique dans un environnement convergent et en mutation 2
The regulation of ADSL and optical fiber in a environment changing and converging
La régulation du secteur électrique 2
Regulation of electricity sector
La régulation postale 2
Postal regulation
Concurrence et organisation des marchés électriques 2
Competition and regulation on electricity market
Concurrence et organisation des marchés télécoms 2
Competition and regulation on telecom market
Les nouveaux mécanismes concurrentiels : enchères et contrats 2
New competitive mechanisms : auction and contracts
Partenariats Publics Privés et la délégation de service 4
Public Private Partnership - Contract theories
Séminaire approfondi Économie et Gestion de l'innovation 4
Depth seminar on Economy and Innovation management
Séminaire approfondi Économie de la régulation 4
Depth seminar on Economics of regulation
Cours d'anglais appliqués à l'économie 3
English lessons applied to economics
 
Semester 3
Mandatory Courses
Economie du Market Design 6
Market Design Economics
Economie de la société d'information 6
Information Society Economics
Economie Politique des Institutions et de la Règlementation 4
Political Economy of Institutions and regulation
Stratégie d'entreprise dans les industries de réseaux 4
Firm Strategy in Network Industries
Student have to select a minimum of 10 ECTS equivalent courses in the list
Economie et Management de l'innovation (FRENCH) 4
Economics and Management of innovation
Politique de la concurrence et de la règlementation (FRENCH) 4
Political economics of institutions and regulation
Systèmes d'information et d'Organisation 4
Information systems and organisation
Econométrie I 4
Econometrics I
Econométrie II (FRENCH) 4
Econometrics II
Cours d'Anglais appliqués à l'économie 3
English lessons applied to economics
Economie Industrielle (FRENCH) 4
Industrial Economics
Economie de réseaux (FRENCH) 4
Network economy
Economie de la Propriété Intellectuelle 4
Economics of Intellectual Property
 
Semester 4
Mémoire de recherche 30
Master Dissertation
Stage pratique 30
Training course and Master Dissertation



Table 4 Courses in Comillas - Spain (Madrid)

CourseECTS
Semester 1 / 3
Electric power systems 6
Regulation of the electric power industry 6
Economy of the electric power industry 6
Decision support models in the electric power industry 6
Fundamentals on electrical engineering and optimization techniques (elective course*) 3
Decision Methods (elective course*) 3
 
Semester 2
Wholesale and retail electricity markets 6
Network Business: Transmission, Distribution and Smart Grids 6
Environmental and renewable energy policy 3
Management skills 2
Business ethics 1
The natural gas industry and fuel markets 3
Law and legislation of the electric power industry 3
Strategies in energy markets under a Game Theory approach (elective course*) 3
Models for risk analysis and management in energy markets (elective course*) 3
 
Semester 4
Master's Thesis  6
EMIN Master's Thesis Extension 24

*This subject is compulsory for EMIN students without an engineering background as it was designed explicitly for them given the experience gain during the first edition.

 

Table 5 Courses at JHU - US (Baltimore)

EU Academic recognition by Comillas as degree awarding partner

CourseProfessorECTS
Semester 4
Master Thesis   30
  Total 30 ECTS
This Master Thesis could be could be split in semesters 3 & 4, 15 ECTS each in co-direction with Comillas.
Optional coursework at JHU: B. Hobbs & J. Garcia-Glez. (coord.)  
Environmental management & economics    
Environmental process engineering    
Water resources engineering    
Contaminant fate & transport    
For a detailed list of available optional coursework for EMIN students at JHU, please check http://ep.jhu.edu/course-homepages/#575
  up to 30 ECTS  
USA summer term Intensive course (part I): B. Hobbs (coord.) 2
Risk and Environmental Analysis of Network Infrastructures    
Environmental and Resource Economics -Regulatory Discourse    
Risk Analysis Frameworks and Methods for Network Infrastructure    
Environmental Engineering Systems Analysis    
Communicating and evaluating tradeoffs among social, environmental, economic and other objectives of network infrastructure management    
    2 ECTS

¹ These courses may only be chosen in the second year of the Masters Course. Please check with the Coordinator.

² Additional pathways through the partners, including a JHU semester could be authorized by the EMIN Academic Committee, considering the profile of the candidates.

Common admission criteria

The selection of EMIN students will be based on the excellence of their studies.

Mandatory requirements

Previous studies

The criteria for previous studies include:

  • Candidates must have obtained a BSc diploma (or equivalent) of substantial quality and level corresponding to at least 3 years studies at a University, equivalent to 180 ECTS.
  • Candidates must hold a degree in Engineering, Economics or Management (to study at TUDelft these studies must be in a technological field or the natural sciences)

English proficiency

Students must take courses in English (TUDelft, Comillas and Paris SUD 11), and possible courses are also offered in French (Paris SUD 11), Spanish (Comillas) and Dutch (TUDelft). A high level of English is therefore required.

Students whose mother tongue is not English and who did not take all their secondary or tertiary education in English, must provide proof of their command of English, for instance the English Proficiency Certificate, International TOEFL score 80 (Internet-based test), IELTS (academic version) overall band score of at least 6.5, or a DIALANG European Test level B2.

Knowledge of French, Spanish and/or Dutch is not mandatory, but will be taken into account. If they are not the mother language of the student, understanding may be acknowledged in two ways: submitting official proof of language skill: Diplôme d'Etudes en Langue Française, Diploma de Español como Lengua Extranjera; or by passing the DIALANG European test.

Selection Procedure

Application

The consortium will require each applicant to submit electronically his application, using an application tool that you can find here. On top of the application form filled online, the candidate will need to provide the following information:

  • A motivation statement (to be filled in online)
  • Two recommendation forms from referees from his/her university (to be filled in online also).
  • Scanned copies of passport or identity cards.
  • Scanned copies of University Diplomas (in English, Spanish or French).
  • Scanned copies of Transcripts (in English, Spanish or French).
  • Scanned copies of English Certificate (in English, Spanish or French).
  • Scanned copies of other language certificates (Spanish, French or others).
  • If available, scan of GRE Result (in English, Spanish or French).
  • A Curriculum Vitae (in Europass format).

The aforementioned documents will be submitted by This email address is being protected from spambots. You need JavaScript enabled to view it. (This email address is being protected from spambots. You need JavaScript enabled to view it.) before the deadline, according to the instructions that will be provided by the online application tool itself. The application deadlines for the reception of e-mail applications for 2016-18 cohort are:
June 30th 2016 for Delft-Delft-Comillas pathway.  
May 15th 2017 for Paris-Paris-Comillas and Comillas-Comillas-Paris pathways.

Selection criteria

The EMIN Joint Admissions Committee will classify candidates according to the following criteria:

  • Academic record (50 %)
  • Curriculum vitae (40 %)
  • Letters of motivation and recommendation forms (10 %)

For the academic record, the candidates should have a minimum Grade Point Average (GPA) for the BSc study of at least 75% of the scale maximum.

For students whose previous instruction language is not English, if available, a Graduate Record Examination Revised General Test score (Revised GRE) of at least 150 in verbal reasoning (450 in the previous GRE scale), 4.1 in analytical writing skills, and 163 in Revised GRE quantitative reasoning (650 in the previous GRE scale).

In individual cases, a selection committee will decide whether there are exceptional circumstances that justify deviation from one or more of the selection criteria. Exceptional circumstances may result in conditional admission in which case final admission and enrolment will take place only after the condition(s) have been fulfilled.

Selection procedure

COMILLAS, as consortium coordinator, receives and classifies the applications, and then submits them to the consideration of the EMIN Joint Admissions Committee. An online intranet has been developed to facilitate the sharing and analysis of the candidates' applications by the members of the Committee.

All degree awarding partners will be represented on this committee. Candidate evaluation in accordance with the selection criteria are governed by the General Principles of the Code of Conduct for the Recruitment of Researchers, i.e., transparency, merits, non-discrimination, recognition of mobility experience, recognition of qualifications, and the pattern of lifelong professional development.

In the initial screening, a video-conference conversation with candidates may exceptionally be requiered to verify their motivations and the consistency of their project. The Joint Admissions Committee will draw up a final list of students admitted after this interview.

Gender balance

Since its foundation the EMIN Consortium has established the principle of non discrimination, whether for gender, for cultural, religious or political beliefs. The criteria applied for selection search for students´ excellence and their appropriateness for the EMIN studies. Thus, applicants are evaluated on the basis of only their personal merits as mentioned above.

Special needs

When selecting students our Master Programme will have a pro-active attidude towards potential grantees with special needs.

 

No Erasmus Mundus Scholarships are offered for 2016-2018. 

A "student agreement", in which the EMIN consortium details all essential rules applicable to the Master course, shall be signed by both the coordinating institution and the 2015/17 enrolled EMMC students.

Professional profiles & competencies

The main objective of our Masters Course is to produce qualified professionals, able to manage and regulate network industries and infrastructures within a liberalized framework. These professionals could belong to network companies, to regulation departments of public or private utilities, consulting teams, public entities like ministries, development or regulatory agencies, etc. Enrolling their staff in our program is, for these institutions, one of the best ways to improve their competitiveness and efficiency, not only in Europe and developed countries but also in developing ones. The students following this programme will come out with the following capabilities:

  • Global understanding of the characteristics of European and global network industries
  • Deep knowledge of the basics of economic regulation and policy of network industries
  • Management capabilities applied to network industries
  • Enough capacity for the technical and economic modeling of network industries

This knowledge, added to the experience gained through the dissertation stage, will make them competent professionals able to actively participate in the efficient management and regulation of network industries, either from the perspective of a private firm or from the regulatory, institutional side. As a proof of this connection with industry and institutions, some students will be required to present their research results in a dedicated research seminar to be held at the Florence School of Regulation - Robert Schuman Centre for Advanced Studies at the European University Institute in Florence (Italy).