Master's inEconomics

ISEG is the place to go if you want to go places. We have a long tradition of Economics studies and an extensive experience in research development. Our Masters in Economics builds up the perfect pathway for your career to move forward. Who knows, maybe it could help you land your dream job.

At ISEG, you'll get a two-year master's program that complements and builds on the knowledge acquired from a Bachelor's degree in Economics. Its main objectives are to provide every student with an advanced background in economic theory along with the skills and empirical techniques they'll need to thrive in the current economic reality.

Details of the degree

Syllabus

elective – Course unit chosen from a list of approved masters courses.

See the description of each Curricular Units here.

Admissions & Fees

Applications for all masters at ISEG are online.

Admission Requirements

Candidates for the Master in Economics are:

Undergraduate in national or foreign institutions in areas of Management, Economics, Finance, Accounting, Mathematics Applied to Economics and Management, or other relevant to the study cycle. Applicants with other degrees are considered on a case-by-case basis.

In accordance with Article 17 d) of Decree-Law No. 74/2006 of the 24^' of March, altered and republished as Decree-Law No. 65/2018 of the 16^' August, other applications considered to be appropriate by the selection panel will be evaluated on the basis of a curricular analysis.

Those students who have not yet completed the 1^st Study Cycle (Bachelors) are eligible to apply conditionally, provided that they satisfy the conditions for obtaining the degree by the end of September (of the same academic year as their application).

Ranking and Selection Criteria

1. THE FINAL APPLICATION MARK

The final application mark (f) is obtained as follows:

where t is the transformed final average mark (GPA) in the undergraduate course and c, 0 ≤ c ≤ 20, is the qualitative mark for the candidate's CV. 

Minimum absolute merit requires that f ≥ 9.5. 

2. THE TRANSFORMED FINAL AVERAGE MARK

The transformed final average mark t is the one considered equivalent to a final average mark m in the undergraduate Economics course at ISEG. The transformation is a linear function for different course-school-GPA groups and it is given by:

t = ai + bim

where:
– m is the Portuguese-equivalent GPA;
- and parameters ai and bi are given by the following table for an applicant in group i;

The applicant-GPA groups are obtained as follows: 

-Group A - m ≥ 14 in undergraduate degrees in Economics, Finance, and Applied Mathematics to Economics and Management in international-level schools. 
-Group B - m ≥ 14 in undergraduate degrees in Economics, Finance, and Applied Mathematics to Economics and Management in national-level schools. Business and Management courses obtained in international-level schools. Other degrees, except Management, Arts, Social Sciences (except Psychology), and Humanities obtained in international- or national-level schools. 
-Group C - m ≥ 14 in undergraduate in Economics, Finance, and Applied Mathematics to Economics and Management in regional-level schools. All the other degrees not included in A and B. 
-Group D - the same as group A, but with m in {12, 13}. 
-Group E - the same as group B, but with m in {12, 13}. 
-Group F - the same as group C, but with m in {12, 13}. 
-Group G - the same as groups A and D, but with m in {10, 11}. 
-Group H - the same as groups B and E, but with m in {10, 11}. 
-Group I - the same as groups C and F, but with m in {10, 11}. 

Therefore, candidates in groups F, G, H, and I are not eligible for the M.Sc. in Economics, in general. Three exceptions:

i) When the applicant has already passed a significant number of credits in detached M.Sc. in Economics' courses.
ii) A student in group F who completed a significant part of another M.Sc. course at ISEG can be classified in group E.
iii) Students who obtained his/her (last relevant) undergraduate degree more than 10 years ago, can be classified in the group below.

3.THE QUALITATIVE MARK FOR THE CANDIDATE'S CV

We take into account the following items:

a) Motivation and reference letters. 
b) Marks obtained in compulsory undergraduate courses in Mathematics, Economic Theory (Macro and Micro), Statistics, and Econometrics. 
c) Professional and personal experience, including its relevance for the M.Sc. in Economics.

Application Documents

Certificate of the undergraduate degree
Academic Transcript
Curriculum vitae
Motivation Letter
English Diploma (optional)
Reference Letter (optional)

All candidates should have an excellent command of the English language, written and spoken.

Tuition Fee

These are provisional tuition fees for 2025/26, subject to confirmation by the University of Lisbon statutory bodies.

Financial restrictions should never come in the way of your access to higher education, and that is why we believe in providing equal opportunities for everyone.

A specific tuition fee payment schedule may be agreed upon request by the student.

Student Visa

If you are not an EU, EEA, or Swiss citizen, you need a Student VISA.
Once you have decided to join the master's program and paid the 1^st tuition fee to secure your place, you can issue the acceptance letter on the FENIX Portal. This document will be needed later to apply for a Student Visa. The student visa must be requested at the nearest Portuguese Embassy or Consular Office in the country of origin.