{"id":666,"date":"2021-01-12T10:06:32","date_gmt":"2021-01-12T10:06:32","guid":{"rendered":"https:\/\/iseg.gomo.dev\/?post_type=course&#038;p=666"},"modified":"2026-04-29T15:47:44","modified_gmt":"2026-04-29T15:47:44","slug":"monetary-and-financial-economics","status":"publish","type":"course","link":"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/","title":{"rendered":"Monetary and Financial Economics"},"content":{"rendered":"<div class=\"wp-block-uagb-tabs uagb-block-d1d15930 uagb-tabs__wrap uagb-tabs__hstyle1-desktop uagb-tabs__vstyle6-tablet uagb-tabs__vstyle6-mobile\" data-tab-active=\"0\"><ul class=\"uagb-tabs__panel uagb-tabs__align-left\" role=\"tablist\"><li class=\"uagb-tab uagb-tabs__active\" role=\"none\"><a href=\"#uagb-tabs__tab0\" class=\"uagb-tabs-list uagb-tabs__icon-position-left\" data-tab=\"0\" role=\"tab\"><div>Overview<\/div><\/a><\/li><li class=\"uagb-tab\" role=\"none\"><a href=\"#uagb-tabs__tab1\" class=\"uagb-tabs-list uagb-tabs__icon-position-left\" data-tab=\"1\" role=\"tab\"><div>Details of the degree<\/div><\/a><\/li><li class=\"uagb-tab\" role=\"none\"><a href=\"#uagb-tabs__tab2\" class=\"uagb-tabs-list uagb-tabs__icon-position-left\" data-tab=\"2\" role=\"tab\"><div>Admissions &amp; Fees<\/div><\/a><\/li><\/ul><div class=\"uagb-tabs__body-wrap\">\n<div class=\"wp-block-uagb-tabs-child uagb-tabs__body-container uagb-inner-tab-0\" aria-labelledby=\"uagb-tabs__tab0\">\n<p class=\"has-huge-font-size\">If you&#039;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.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The Masters in Monetary and Financial Economics is intended to complement and deepen a bachelor&#039;s degree in Economics or Finance. Students will learn how to analyze 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.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Merit Award<br><\/strong>Prize of \u20ac1,000 awarded to the best student in the 1st year of the Master's in Monetary and Financial Economics.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n<div class=\"block-reasons\">\n    <div class=\"block-reasons__content has-iseg-yellow-background\">\n        <h3>Top 7 reasons to do the Master&#039;s in Monetary and Financial Economics<\/h3>\n        \n        <div class=\"block-reasons__list\" data-columns>\n\n                        <div class=\"block-reasons__item\">\n                <h4 class=\"block-reasons__heading\">01<\/h4>\n                <p class=\"block-reasons__text\">Prepare senior staff in monetary and financial institutions linked to the economy&#039;s financing and monetary policy issues.<\/p>\n            <\/div>\n                        <div class=\"block-reasons__item\">\n                <h4 class=\"block-reasons__heading\">02<\/h4>\n                <p class=\"block-reasons__text\">A successful history of more than 25 years.<\/p>\n            <\/div>\n                        <div class=\"block-reasons__item\">\n                <h4 class=\"block-reasons__heading\">03<\/h4>\n                <p class=\"block-reasons__text\">Employers specifically recognize 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.<\/p>\n            <\/div>\n                        <div class=\"block-reasons__item\">\n                <h4 class=\"block-reasons__heading\">04<\/h4>\n                <p class=\"block-reasons__text\">Classes with around 1\/3 international students.<\/p>\n            <\/div>\n                        <div class=\"block-reasons__item\">\n                <h4 class=\"block-reasons__heading\">05<\/h4>\n                <p class=\"block-reasons__text\">Intermediate step to obtain a PhD in the areas of Economics and Finance.<\/p>\n            <\/div>\n                        <div class=\"block-reasons__item\">\n                <h4 class=\"block-reasons__heading\">06<\/h4>\n                <p class=\"block-reasons__text\">An acceptance rate of around 25% of the applications.<\/p>\n            <\/div>\n                        <div class=\"block-reasons__item\">\n                <h4 class=\"block-reasons__heading\">07<\/h4>\n                <p class=\"block-reasons__text\">Several peer-reviewed journal publications arising from the Master dissertations.<\/p>\n            <\/div>\n            \n        <\/div>\n        \n    <\/div>\n    <div class=\"block-reasons__image\"><img decoding=\"async\" src=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/ronan-furuta-gddzfv8_7sE-unsplash-1.jpg\" loading=\"lazy\" sizes=\"(max-width: 479px) 87vw, (max-width: 767px) 92vw, (max-width: 991px) 28vw, 30vw\" srcset=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/ronan-furuta-gddzfv8_7sE-unsplash-1.jpg 500w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/ronan-furuta-gddzfv8_7sE-unsplash-1.jpg 800w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/ronan-furuta-gddzfv8_7sE-unsplash-1.jpg 1080w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/ronan-furuta-gddzfv8_7sE-unsplash-1.jpg 1340w\" alt=\"\" class=\"image-cover\"><\/div>\n<\/div>\n\n<div class=\"block-course-features\">\n    <div class=\"container\">\n                    <div class=\"course-features__grid\">\n        \n            <div class=\"course-features__item\">\n                                    <div class=\"course-features__image\">\n                        <img decoding=\"async\" src=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/why-iseg.jpg\" loading=\"lazy\" sizes=\"(max-width: 479px) 86vw, (max-width: 767px) 82vw, (max-width: 991px) 41vw, 32vw\" srcset=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/why-iseg.jpg 500w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/why-iseg.jpg 800w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/why-iseg.jpg 1080w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/why-iseg.jpg 1340w\" alt=\"\" class=\"image-cover\">\n                    <\/div>\n                                <div class=\"course-features__content\">\n                    <div class=\"course-features__topcut\"><\/div>\n                    <h4 class=\"course-features__heading\">\n                                                    <a href=\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/why-iseg-2\/\">It&#039;s probably the right time for you to take it.<\/a>\n                                            <\/h4>\n                    <div class=\"course-features__text\">An outstanding faculty and benchmark research centers are responsible for placing ISEG at the forefront of Economics, Management and Finance.<\/div>\n                                            <a href=\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/why-iseg-2\/\"  class=\"link-learnmore\">Top 10 Reasons<\/a>\n                                    <\/div>\n            <\/div>\n\n        \n            <div class=\"course-features__item\">\n                                    <div class=\"course-features__image\">\n                        <img decoding=\"async\" src=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/careers-office.jpg\" loading=\"lazy\" sizes=\"(max-width: 479px) 86vw, (max-width: 767px) 82vw, (max-width: 991px) 41vw, 32vw\" srcset=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/careers-office.jpg 500w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/careers-office.jpg 800w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/careers-office.jpg 1080w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/careers-office.jpg 1340w\" alt=\"\" class=\"image-cover\">\n                    <\/div>\n                                <div class=\"course-features__content\">\n                    <div class=\"course-features__topcut\"><\/div>\n                    <h4 class=\"course-features__heading\">\n                                                    <a href=\"https:\/\/aquila.iseg.ulisboa.pt\/aquila\/investigacao\/CMX?locale=en\">The Next Step in Your Career<\/a>\n                                            <\/h4>\n                    <div class=\"course-features__text\">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.<\/div>\n                                            <a href=\"https:\/\/aquila.iseg.ulisboa.pt\/aquila\/investigacao\/CMX?locale=en\"  class=\"link-learnmore\">Career Office<\/a>\n                                    <\/div>\n            <\/div>\n\n        \n            <div class=\"course-features__item\">\n                                    <div class=\"course-features__image\">\n                        <img decoding=\"async\" src=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/study-abroad.jpg\" loading=\"lazy\" sizes=\"(max-width: 479px) 86vw, (max-width: 767px) 82vw, (max-width: 991px) 41vw, 32vw\" srcset=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/study-abroad.jpg 500w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/study-abroad.jpg 800w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/study-abroad.jpg 1080w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/study-abroad.jpg 1340w\" alt=\"\" class=\"image-cover\">\n                    <\/div>\n                                <div class=\"course-features__content\">\n                    <div class=\"course-features__topcut\"><\/div>\n                    <h4 class=\"course-features__heading\">\n                                                    <a href=\"https:\/\/aquila.iseg.ulisboa.pt\/aquila\/unidade\/erasmus?locale=en\">Broaden your horizons.<\/a>\n                                            <\/h4>\n                    <div class=\"course-features__text\">Our mobility programs allow students to explore any part of the world while studying abroad for a semester.<\/div>\n                                            <a href=\"https:\/\/aquila.iseg.ulisboa.pt\/aquila\/unidade\/erasmus?locale=en\"  class=\"link-learnmore\">International Mobility Office<\/a>\n                                    <\/div>\n            <\/div>\n\n                <\/div>\n        <\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">If you want to know more about ISEG's MMFE, let us help you:<\/h2>\n\n\n\n<div id=\"formconnector_target\"><\/div>\n            \n<script type=\"text\/javascript\">\n    window.FormConnector_settings = {\n        uuid: '25d40c90322b11efbb6705a94fcb0057',\n    };\n<\/script>\n\n<script type=\"text\/javascript\"\n        src=\"https:\/\/formconnector.com\/form\/formconnector.js\">\n<\/script>\n\n\n<div class=\"block-course-testimonials\">\n    <div class=\"container\">\n        <div data-delay=\"4000\" data-animation=\"slide\" class=\"course-testimonials__slider w-slider\" data-autoplay=\"false\" data-easing=\"ease\" data-hide-arrows=\"false\" data-disable-swipe=\"false\" data-autoplay-limit=\"0\" data-nav-spacing=\"3\" data-duration=\"500\" data-infinite=\"true\">\n            <div class=\"course-testimonials__mask w-slider-mask\">\n                                <div class=\"course-testimonials__slide w-slide\">\n                    <div class=\"course-testimonials__slide-content\"><img decoding=\"async\" src=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/themes\/iseg\/assets\/images\/icon-quote.svg\" loading=\"lazy\" alt=\"\" class=\"course-testimonials__quote-icon\">\n                        <div><strong>The Masters in Monetary and Financial Economics was a valuable experience in my academic path.<\/strong> The program is organized 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.<\/div>\n                        <div class=\"course-testimonials__author\">\n                            <div>mine Kazemi<\/div><img decoding=\"async\" src=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/Mina-Kazami-MFE.jpg\" class=\"course-testimonials__author-photo\" alt=\"\" srcset=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/Mina-Kazami-MFE.jpg 512w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/Mina-Kazami-MFE-300x300.jpg 300w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/Mina-Kazami-MFE-150x150.jpg 150w, https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/Mina-Kazami-MFE-12x12.jpg 12w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/>                        <\/div>\n                    <\/div>\n                <\/div>\n                            <\/div>\n                    <\/div>\n    <\/div>\n<\/div>\n\n\n<div class=\"block-additional-info\">\n    <div class=\"container\">\n        <h4>Additional Info<\/h4>\n        \n        <div class=\"additional-info__grid\">\n                            <div class=\"additional-info__item\">\n                    <a href=\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/student-services\/\">Student Services<\/a>\n                <\/div>\n                            <div class=\"additional-info__item\">\n                    <a href=\"https:\/\/www.iseg.ulisboa.pt\/en\/secretaria\/candidaturas\/candidaturas-a-mestrados\/\">Masters &amp; PhD Office<\/a>\n                <\/div>\n                            <div class=\"additional-info__item\">\n                    <a href=\"https:\/\/www.iseg.ulisboa.pt\/en\/live-iseg\/living-in-lisbon\/\">Living in Lisbon<\/a>\n                <\/div>\n                            <div class=\"additional-info__item\">\n                    <a href=\"https:\/\/www.iseg.ulisboa.pt\/en\/international\/\">International Mobility Office<\/a>\n                <\/div>\n                            <div class=\"additional-info__item\">\n                    <a href=\"https:\/\/www.iseg.ulisboa.pt\/en\/international\/mobilidade-incoming\/\">International<\/a>\n                <\/div>\n                            <div class=\"additional-info__item\">\n                    <a href=\"https:\/\/www.iseg.ulisboa.pt\/en\/careers\/\">Careers Services<\/a>\n                <\/div>\n                    <\/div>\n\n            <\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-tabs-child uagb-tabs__body-container uagb-inner-tab-1\" aria-labelledby=\"uagb-tabs__tab1\">\n<h3 class=\"wp-block-heading\">Details of the degree<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Career Opportunities<\/h4>\n\n\n\n<p>Our Master's in Monetary and Financial prepares graduates for senior roles in monetary and financial institutions, particularly in areas related to economic financing and monetary policy.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/Ficha-Empregabilidade_MFE_2026.pdf\">Graduate Employment Survey 2026 - <strong>Master's in Monetary and Financial Economics<\/strong><\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\">Syllabus <\/h4>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table block-table-studyplan has-iseg-pink-thead\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Year 1 \u2013 Semester 1<\/th><th class=\"has-text-align-center\" data-align=\"center\">Credits<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Econometrics<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Mathematical Economics<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">History of Economic Thought<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Macroeconomics<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Microeconomics<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table block-table-studyplan has-iseg-red-thead\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Year 1 \u2013 Semester 2<\/th><th class=\"has-text-align-center\" data-align=\"center\">Credits<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Foundations of Financial Economics<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Monetary Policy<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Elective Option I<br>\u2014Financial Econometrics &nbsp;<br>\u2014 Experimental Economics: Methods &amp; Topics<br>\u2014 Business Finance (taught in Portuguese)<br>\u2014 Monetary and Financial History<br>\u2014 Macroeconomics and Monetary Theory<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Elective Option II<br>\u2014Financial Econometrics &nbsp;<br>\u2014 Experimental Economics: Methods &amp; Topics<br>\u2014 Business Finance (taught in Portuguese)<br>\u2014 Monetary and Financial History<br>\u2014 Macroeconomics and Monetary Theory<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Free Option I*<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table block-table-studyplan has-iseg-yellow-thead\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Year 2 \u2013 Semester 1<\/th><th class=\"has-text-align-center\" data-align=\"center\">Credits<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Elective Option III<br>\u2014 Banking and Insurance&nbsp;<br>\u2014 Corporate Governance&nbsp;<br>\u2014 Derivatives&nbsp;<br>\u2014 Public Finance in the Economic and Monetary Union<br>\u2014Financial Mathematics&nbsp;<br>\u2014 International Financial Markets<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Elective Option IV<br>\u2014 Banking and Insurance&nbsp;<br>\u2014 Corporate Governance&nbsp;<br>\u2014 Derivatives&nbsp;<br>\u2014 Public Finance in the Economic and Monetary Union<br>\u2014Financial Mathematics&nbsp;<br>\u2014 International Financial Markets<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Free Option II*<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Dissertation (seminar)<\/td><td class=\"has-text-align-center\" data-align=\"center\">12<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table block-table-studyplan has-iseg-blue-thead\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\"> Year 2 \u2013 Semester 2<\/th><th class=\"has-text-align-center\" data-align=\"center\">Credits<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"> MSc Final Work (Thesis)   <\/td><td class=\"has-text-align-center\" data-align=\"center\">30<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Free Options \u2013<\/strong> 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.<\/p>\n\n\n\n<p><strong>NOTE<\/strong>: The electives listed on the website represent the usual portfolio of options available in the Master's programs. Their offering each year depends on demand and available capacity, so we cannot guarantee that all electives will open or have places for all interested students. We encourage you to plan your choices early and explore alternative options if needed.<\/p>\n\n\n\n<p>See the description of each Curricular Units&nbsp;<a href=\"https:\/\/fenix.iseg.ulisboa.pt\/degrees\/emf\/course-web-pages\">here<\/a>.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-tabs-child uagb-tabs__body-container uagb-inner-tab-2\" aria-labelledby=\"uagb-tabs__tab2\">\n<h3 class=\"wp-block-heading\">Admissions &amp; Fees<\/h3>\n\n\n\n<p class=\"has-large-font-size\">Applications for all masters at ISEG are online.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Admission Requirements<\/strong><\/h4>\n\n\n\n<p>Candidates for the Master in Monetary and Financial Economics are:<\/p>\n\n\n\n<ul>\n<li>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.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>In accordance with Article 17 d) of Decree-Law No. 74\/2006 of the 24<sup>'<\/sup> of March, altered and republished as Decree-Law No. 65\/2018 of the 16<sup>'<\/sup> August, other applications considered to be appropriate by the selection panel will be evaluated on the basis of a curricular analysis.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Those students who have not yet completed the 1<sup>st<\/sup> 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).<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><strong>Ranking and Selection Criteria<\/strong><\/strong><\/h4>\n\n\n\n<p>Calculation for the Grading of the Candidates:<\/p>\n\n\n\n<ol>\n<li>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.&nbsp;<\/li>\n\n\n\n<li>The considered criteria are: academic background and grade, professional experience and motivation for the course.<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Application Documents<\/strong><\/h4>\n\n\n\n<ul>\n<li>Certificate of the undergraduate degree<\/li>\n\n\n\n<li>Academic Transcript<\/li>\n\n\n\n<li>Curriculum vitae<\/li>\n\n\n\n<li>Motivation Letter<\/li>\n\n\n\n<li>English Diploma (optional)<\/li>\n\n\n\n<li>Reference Letter (optional)<\/li>\n<\/ul>\n\n\n\n<p>All candidates should have an excellent command of the English language, written and spoken.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Tuition Fee<\/strong><\/h4>\n\n\n\n<p>These are provisional tuition fees for 2026\/27, subject to confirmation by the University of Lisbon statutory bodies.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Students from &nbsp; &nbsp;<\/strong><\/td><td class=\"has-text-align-right\" data-align=\"right\"><strong>First Year <\/strong><\/td><td class=\"has-text-align-right\" data-align=\"right\"><strong>second year&nbsp;<\/strong><\/td><td class=\"has-text-align-right\" data-align=\"right\"><strong>Total<\/strong><\/td><\/tr><tr><td>Within the European Union<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u20ac 3,750<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u20ac 2,000<\/td><td class=\"has-text-align-right\" data-align=\"right\"><strong>\u20ac 5,750<\/strong><\/td><\/tr><tr><td>Outside the European Union&nbsp; &nbsp;<\/td><td class=\"has-text-align-right\" data-align=\"right\">&nbsp; \u20ac 5,000<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u20ac 3,250&nbsp;<\/td><td class=\"has-text-align-right\" data-align=\"right\">&nbsp; <strong>\u20ac 8,250<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>A specific tuition fee payment schedule may be agreed upon request by the student.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Student Visa<\/strong><\/h4>\n\n\n\n<p>If you are not an EU, EEA, or Swiss citizen, you need a Student VISA.<br>Once you have decided to join the master&#039;s program and paid the 1<sup>st<\/sup> 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.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n<\/div>\n<\/div><\/div>","protected":false},"featured_media":27355,"menu_order":54,"template":"","course_department":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Monetary and Financial Economics - ISEG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/\",\"name\":\"Monetary and Financial Economics - ISEG\",\"isPartOf\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg\",\"datePublished\":\"2021-01-12T10:06:32+00:00\",\"dateModified\":\"2026-04-29T15:47:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#primaryimage\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg\",\"contentUrl\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg\",\"width\":1600,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.iseg.ulisboa.pt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Monetary and Financial Economics\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#website\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/en\/\",\"name\":\"ISEG\",\"description\":\"Lisbon School of Economics &amp; Management\",\"publisher\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.iseg.ulisboa.pt\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#organization\",\"name\":\"ISEG\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/02\/iseg-logo-ul.svg\",\"contentUrl\":\"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/02\/iseg-logo-ul.svg\",\"width\":250,\"height\":120,\"caption\":\"ISEG\"},\"image\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/iseg.pt\",\"https:\/\/x.com\/iseglisbon\",\"https:\/\/www.instagram.com\/iseglisbon\/\",\"https:\/\/www.linkedin.com\/school\/iseglisbon\/\",\"https:\/\/www.youtube.com\/user\/DMREISEG\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Monetary and Financial Economics - ISEG","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/","url":"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/","name":"Monetary and Financial Economics - ISEG","isPartOf":{"@id":"https:\/\/www.iseg.ulisboa.pt\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#primaryimage"},"image":{"@id":"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#primaryimage"},"thumbnailUrl":"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg","datePublished":"2021-01-12T10:06:32+00:00","dateModified":"2026-04-29T15:47:44+00:00","breadcrumb":{"@id":"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#primaryimage","url":"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg","contentUrl":"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg","width":1600,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/www.iseg.ulisboa.pt\/en\/study\/masters\/monetary-and-financial-economics\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.iseg.ulisboa.pt\/"},{"@type":"ListItem","position":2,"name":"Monetary and Financial Economics"}]},{"@type":"WebSite","@id":"https:\/\/www.iseg.ulisboa.pt\/en\/#website","url":"https:\/\/www.iseg.ulisboa.pt\/en\/","name":"ISEG","description":"Lisbon School of Economics &amp; Management","publisher":{"@id":"https:\/\/www.iseg.ulisboa.pt\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.iseg.ulisboa.pt\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.iseg.ulisboa.pt\/en\/#organization","name":"ISEG","url":"https:\/\/www.iseg.ulisboa.pt\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.iseg.ulisboa.pt\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/02\/iseg-logo-ul.svg","contentUrl":"https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/02\/iseg-logo-ul.svg","width":250,"height":120,"caption":"ISEG"},"image":{"@id":"https:\/\/www.iseg.ulisboa.pt\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/iseg.pt","https:\/\/x.com\/iseglisbon","https:\/\/www.instagram.com\/iseglisbon\/","https:\/\/www.linkedin.com\/school\/iseglisbon\/","https:\/\/www.youtube.com\/user\/DMREISEG"]}]}},"uagb_featured_image_src":{"full":["https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg",1600,800,false],"thumbnail":["https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash-150x150.jpg",150,150,true],"medium":["https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash-300x150.jpg",300,150,true],"medium_large":["https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg",768,384,false],"large":["https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg",1024,512,false],"1536x1536":["https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash-1536x768.jpg",1536,768,true],"2048x2048":["https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg",1600,800,false],"trp-custom-language-flag":["https:\/\/www.iseg.ulisboa.pt\/wp-content\/uploads\/2021\/01\/barney-yau-BbGuVc9YTaw-unsplash.jpg",18,9,false]},"uagb_author_info":{"display_name":"irafael","author_link":"https:\/\/www.iseg.ulisboa.pt\/en\/author\/"},"uagb_comment_info":0,"uagb_excerpt":null,"_links":{"self":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/course\/666"}],"collection":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/course"}],"about":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/types\/course"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/media\/27355"}],"wp:attachment":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/media?parent=666"}],"wp:term":[{"taxonomy":"course_department","embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/course_department?post=666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}