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Mestrado inMonetary and Financial Economics

If you’re looking for a way to broaden your analytical mind, look no further. ISEG has a Masters in Monetary and Financial Economics that will boost your chances of becoming an expert in economic and financial matters.

The Masters in Monetary and Financial Economics is intended to complement and deepen a bachelor’s degree in Economics or Finance. Students will learn how to analyse problems rigorously and constructively and use advanced empirical and theoretical tools in Economics and Finance. It also sets up an excellent pathway to a PhD.

AE Economics Merit Award
Prize of €1,000 awarded by AE Economics to the best student in the 1st year of the Master’s in Monetary and Financial Economics.
Acreditação
Duration
4 semesters
Schedule
Evening Classes
Taught in
English
Numerus Clausus
25
Need some help?
Please send us an email to

Top 7 reasons to do the Master’s in Monetary and Financial Economics

01

Prepares senior staff in monetary and financial institutions linked to the economy’s financing and monetary policy issues.

02

A successful history of more than 25 years.

03

Employers specifically recognise in MMFE graduates a strong background in econometrics and quantitative methods, competence in macroeconomics and monetary economics, and a large capacity to face new challenges.

04

Classes with around 1/3 international students.

05

Intermediate step to obtain a PhD in the areas of Economics and Finance.

06

An acceptance rate of around 25% of the applications.

07

Several peer-reviewed journal publications arising from the Master dissertations.

It’s probably the right time for you to take it.

An outstanding faculty and benchmark research centres are responsible for placing ISEG at the forefront of Economics, Management and Finance.
Top 10 Reasons

The Next Step in Your Career

Your partner in achieving your career goals. Our consultants guarantee you all the necessary support, helping you prepare for your job search or find an internship.
Career Office

Broaden your horizons.

Our mobility programs allow students to explore any part of the world while studying abroad for a semester.
International Mobility Office

If you want to know more about ISEG’s MMFE, let us help you:

The Masters in Monetary and Financial Economics was a valuable experience in my academic path.  The programme is organised in such a way as to provide a broad knowledge of Economics and Finance. Being mainly a theoretical degree, it is challenging and requires a lot of dedication. For international students, one of the key features of the degree, in my opinion, was the outstanding support provided by the professors, coordinators, and colleagues throughout my studies.
Mina Kazemi

Programme Details

Syllabus

Year 1 – Semester 1Credits
Econometrics6
Mathematical Economics6
History of Economic Thought6
Macroeconomics6
Microeconomics6
Year 1 – Semester 2Credits
Foundations of Financial Economics6
Monetary Policy6
Elective Option I
— Financial Econometrics  
— Experimental Economics: Methods & Topics
— Finanças Empresariais (taught in Portuguese)
— Monetary and Financial History
— Macroeconomics and Monetary Theory
6
Elective Option II
— Financial Econometrics  
— Experimental Economics: Methods & Topics
— Finanças Empresariais (taught in Portuguese)
— Monetary and Financial History
— Macroeconomics and Monetary Theory
6
Free Option I *6
Year 2 – Semester 1Credits
Elective Option III
— Banking and Insurance 
— Corporate Governance 
— Derivatives 
— Public Finance in the Economic and Monetary Union
— Financial Mathematics 
— International Financial Markets
6
Elective Option IV
— Banking and Insurance 
— Corporate Governance 
— Derivatives 
— Public Finance in the Economic and Monetary Union
— Financial Mathematics 
— International Financial Markets
6
Free Option II *6
Dissertation (Seminar)12
Year 2 – Semester 2Credits
MSc Final Work (Thesis) 30

Free Options – Course units chosen from any MSc in ISEG as long as the number of standard topics in the syllabi with other course units in the Masters in MFE or current compulsory undergraduate course units in Economics at ISEG is not significant.

See the description of each Curricular Units here.

Duration
4 semesters
Schedule
Evening Classes
Taught in
English
Numerus Clausus
25
Need some help?
Please send us an email to

Admissions & Fees

Applications for all masters at ISEG are online.


Admissions Requirements

Candidates for the Master in Monetary and Financial Economics are:

  • Undergraduates in national or foreign institutions in 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 24th of March, altered and republished as Decree-Law No. 65/2018 of the 16th 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 1st 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

Calculation for the Grading of the Candidates:

  1. The ranking is based on a score awarded to each candidate and calculated according to the process described below. This only applies to students who have satisfied the prerequisites. 
  2. The considered criteria are: academic background and grade, professional experience and motivation for the course.

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 2024/25, subject to confirmation by the Universidade de Lisboa statutory bodies.

Students from    First Year Second Year Total
Within the European Union€ 3,750€ 2,000 € 5,750
Outside the European Union     € 4,500 € 2,500   € 7,000

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 programme and paid the 1st 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.

Duration
4 semesters
Schedule
Evening Classes
Taught in
English
Numerus Clausus
25
Need some help?
Please send us an email to
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