Master in Economics


Read more about this programme on the school's website

Programme Description

The MSc in Economics is a full-time, two-year Programme, fully taught in English. It is designed for students who wish to obtain a rigorous, in-depth education in economic theory and policy at the graduate level, to prepare a successful career in research or as professional economists working for central banks, the banking industry, government institutions, and international organizations or as economic advisors and financial consultants. It also provides a rigorous preparation for students who wish to advance to a PhD program.

7 Reasons for Choosing the Master in Economics at Iscte Business School

1. Don’t miss the opportunity of being part of one of the most reputed Economics programs in Europe

  • Ranked 35th in its category, among the Top 200 Best Masters Programmes, in Western Europe in 2018/2019 (Eduniversal Ranking)

2. Learn from the best methodologies and software

  • Interact regularly with reputed practitioners who will offer their vision and experience in a series of workshops aimed at discussing and analyzing economics topics;
  • You will be challenged to understand complex current and future economic issues that affect everyone’s livelihood;
  • You will build the skills needed to contribute to economic debates and policy choices;
  • You will learn to handle advanced modelling techniques and use computational software which is integrated into regular classes (for example MATLAB, R, STATA);
  • You will have access to a comprehensive databases that will support you on your thesis and research. 

3. Benefit from a reputed faculty, with a rigorous learning style

  • The faculty of Iscte Business School has authored more than 100 books in different management disciplines, many of which are now required reading at other Portuguese universities;
  • There is a close working relationship between students and faculty and students benefit from weekly contact hours, continual email contact and a sustained relationship with the faculty throughout their professional lives;
  • Both semesters in the first year provide solid foundations in the core subjects (microeconomics, macroeconomics and econometrics) and equip you with the tools of economic analysis while allowing the choice of 3 electives, either in the field, or in one of the following thematic areas: Computing and Modelling for Economics and Business; Banking, and Financial and Monetary Markets; and Regulation and Markets.

4. Thrive in a welcoming culture where personal development and creativity are encouraged

  • Participate on the personal development programme (PdP) that enables students to discover their leadership qualities and creativity;
  • The welcome week allows you to engage in networking, team-building and idea-sharing from day one of the course. This spirit is reinforced year-round with a host of other activities;
  • Mentoring program - with their mentors, students have the opportunity to discuss their academic progress and career prospects, and benefit from their recognized professional experience;

5. See your merit recognized and rewarded throughout the program

  • Award for the best MSc in Economics Student (sponsored by Ernst & Young)
  • Award for the best candidates 

6. A truly international outlook 

  • Study trip to Frankfurt, which encompasses an academic institution and the European Central Bank;
  • Possibility of doing a Double Degree - it allows students to graduate with two diplomas from two Universities (Iscte and a partner university). For the Msc in Economics, the partner universities are:
    • Southwestern University of Finance and Economics - China (EQUIS accredited) 
    • Warsaw University in Poland (AMBA accredited).
  • Possibility of doing an exchange / Erasmus program with our partner universities. 

7. Get excited with the program’s career prospects 

  • Our career services will support you with counselling, access to opportunities, the IBS Career Forum and presentations in class by companies;
  • Professional placements for MSc in Economics graduates are excellent, as this degree gives you access to most job opportunities that arise in economics, finance and management - employment rate of 100% up to 12 months after completion of Programme;
  • The sectors most represented in the recruit of master's graduates are Audit & Consulting, Banking, Large Distribution & Retail and Telecommunications;
  • Close contact with a large pool of successful alumni now working for high-profile national and international companies.


A wide range of courses is available to complement the core course modules. However, with a proper combination of electives, students may add a supplement to their Master's diploma, in the following thematic area: 

Computing and Modelling for Economics and Business

  • Applied Economic Modelling
  • Computing for Economics and Business

The student still has one other elective to choose from, besides one of these thematic areas. There is one extra elective from the Economics/Political Economy scientific area – Economics of Banking and Financial Markets.

List of courses available:

  • Macroeconomics          
  • History of Economic Thought
  • Microeconomics           
  • Econometric Methods II
  • Economic Growth         
  • Games and Contract Theory       
  • Econometric Methods I
  • Research Seminar in Economics I          
  • Research Seminar in Economics II         
  • Contemporary Labour Market
  • Topics in Industrial Economics
  • Monetary Theory and Policy
  • Competition Policy and Regulation
  • Pricing Strategies
  • Environment, Energy and Sustainability
  • International Finance
  • Financial Derivatives
  • Portfolio Management 
  • Management Consulting
  • Business Analytics
  • Strategic Entrepreneurship
  • Informatics for Economics and Management
  • Economics of Banking and Financial Markets

Application Process 2020/2021

The Master in Economics is designed for high-caliber graduate students and taught exclusively in English, in an international and multicultural atmosphere, therefore candidates must show evidence of a completed Bachelors degree as well as proficiency in the English language.

Applications are exclusively submitted online, on Iscte’s website. Several information will be required for applicants to type in, namely Personal Information, information about Education and also Working Experience. Candidates will have to upload some Documents as well: 

  • Diploma/Transcript of Records from the bachelor's degree awarded by a university or institution of higher education;
  • ID card/Passport
  • Photo
  • Proficiency in the English language (optional);
  • The results of GMAT or GRE exam (optional)

 Candidates still concluding their undergraduate degree must also add:

  • Declaration of Commitment (download available on application form)
  • Transcript of Records with current grading

Would you like to know more?

  • Get in touch with your Programme Manager!

Catarina Delgado
Tel.:(+351) 210 464 211

  • Check the detailed information about the master's study plan, faculty, alumni testimonies and application process at our website!
Last updated May 2020

About the School

Iscte Business School is a pioneer School in the teaching of management and business sciences, and the first where this was an autonomous area as opposed to a subject taught within the field of econom ... Read More

Iscte Business School is a pioneer School in the teaching of management and business sciences, and the first where this was an autonomous area as opposed to a subject taught within the field of economics. The links to the corporate world are a distinctive feature of our School. Since the outset, IBS has relied on the support of invited faculty from the business world whose collaboration has provided valuable input for our curricula. Read Less