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Mestrado emEconomics

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 programme 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.

4 semesters
Evening classes
Taught in
Numerus Clausus
Precisa de ajuda?
Envie-nos um email

Top 5 reasons to do the Master’s in Economics


You will gain advanced knowledge in economic theory and learn innovative empirical instructional methods.


Develop skills that will help you pursue a career as a professional economist in different areas, such as international institutions, government or industry, and build the foundations for research-based roles.


Get instructions and guidance from top-quality faculty members and excellent mentors.


Enrich yourself in a diverse learning and research environment, where you can collaborate with top students from around the world.


Take full advantage of our high-quality research centres and facilities, namely the recently launched XLAB – Behavioural Research Lab.

10 things you’ll gain by joining ISEG

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 Masters in Economics, let us help you:

From the day I received my acceptance letter to the Masters in Economics at ISEG, all I have experienced is positive. Combined with the beautiful city of Lisbon, ISEG would definitely be my first choice for a master’s every time.
Ulas Yardimci

Programme Details


Year 1 – Semester 1Credits
Mathematical Economics6
History of Economic Thought6
Microeconomics 6
Year 1 – Semester 2Credits
Growth Economics6
Labour Economics6
Elective I6
Elective II6
Elective III6
Year 2 – Semester 1Credits
Elective IV6
Elective V6
Elective VI6
Masters Final Work (Seminar)12
Year 2 – Semester 2Credits
Masters Final Work – MFW

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

See the description of each Curricular Units here.

4 semesters
Evening classes
Taught in
Numerus Clausus
Precisa de ajuda?
Envie-nos um email

Admissions & Fees

Applications for all masters at ISEG are online.

Admissions 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 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


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. 


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

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

Group iaibi

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.


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

Students fromFirst YearSecond YearTotal
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.

4 semesters
Evening classes
Taught in
Numerus Clausus
Precisa de ajuda?
Envie-nos um email
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