Master in Monetary and Financial Economics

ISEG - Lisbon School of Economics & Management

Program Description

Master in Monetary and Financial Economics

ISEG - Lisbon School of Economics & Management

The aims of theMaster (MSc) in Monetary and Financial Economics are:

(i) providing advanced knowledge in the monetary and financial fields, based upon the most relevant results achieved by the scientific community;

(ii) initiating its students in scientific research, by practicing the appropriate techniques and methodologies; and

(iii) preparing the senior staff in monetary and financial institutions linked to financing the economy and the monetary policy issues. This MSc gives direct access to the doctoral programme in Economics at ISEG.

Target Audience

The MSc in Monetary and Financial Economics is intended to complement and to deepen first cycle education provided by a degree in Economics or Finance. The main objective is that students learn how to analyze problems in a rigorous and constructive way, developing their ability to assess the contribution of research in Monetary and Financial Economics to solve the problems in the area, and to use advanced empirical and theoretical tools in Economics and Finance.

Programme Organization

The masters’ study programme is spread across 4 semesters with a total of 120 ECTS, 42 of them (12 in the third semester and 30 in the fourth semester) correspond to a dissertation. All the compulsory and elective option course units with origin in this MSc use English as their work language. Course units originated in other MSc will use the work language chosen for that particular programme.

The “Training Positions MEMF – Bank of Portugal” programme provides the opportunity to work as a trainee in the Economic Research Department of the Bank of Portugal to the best students in the MSc. Its main goal is to produce a dissertation supervised by doctor in the department.

The masters programme has as Scientific Advisor Prof. Vítor Constâncio, Vice-President of the European Central Bank and previous programme director.

Admission Requirements and Selection Criteria

We consider applications from people holding the equivalent to a first cycle degree in Economics, Finance, Management, Mathematics Applied to Economics and Management obtained in either a Portuguese or an international higher-education institution. We also consider applications from people holding a first degree in other areas with a strong quantitative background, such as Engineering, Physics, or Mathematics. The candidates are selected according to their marks, CV details, and a possible interview.


1st year – 1st semester - Econometrics - History of Economic Thought - Macroeconomics - Mathematical Economics - Microeconomics 1st year – 2nd semester - Foundations of Financial Economics - Monetary Policy - 2 Elective option units - Free option unit 2nd year – 1st semester - 2 Elective option units - Free option unit - Dissertation (Seminar) 2nd year – 2nd semester - Dissertation Elective Options - Banking and Insurance - Behavioural Finance - Corporate Finance - Financial Econometrics - Financial Mathematics - Financial Options - International Financial Markets - Macroeconomics and Monetary Theory - Monetary and Financial History - Numerical Methods in Finance - Public Finance in the Economic and Monetary Union

This school offers programs in:
  • English

Last updated January 20, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2017
2 years
Part time
5,000 EUR
Request Info
Applications are now open.
Start date Sept. 2017
Portugal Lisbon
Application deadline Request Info
Applications are now open.
End date Request Info
Duration 2 years
Price 5,000 EUR