Master in Economics



Tuition fees*

1.500€ / year


Mainly daytime programme


2 years

* Tuition fees for the academic year 2021/22 (Portuguese and EU students)

Contact Us

Master in Economics

The Master in Economics at FEP (English track and Portuguese track) is a pre-experience Master that offers complementary education in economic sciences at the University of Porto. The programme is targeted at newly first-cycle degree graduates in Economics, Finance, and Management. This is a two-year programme that builds upon the knowledge acquired in 1st cycle studies. The main purpose is to improve the core knowledge of Economics and the command of economic analysis tools, complemented with intermediate level specialization in applied economics. Master in Economics graduate students will be ready for a demanding professional career in private and public institutions and those with research-oriented interests can also access third-cycle (doctoral) studies. FEP has the necessary means to help students achieve their goals through:

  • rigorous teaching and procedures coupled with a flexible plan of studies, ensuring improved knowledge of core economics while allowing for diversified specializations in applied courses. The design of each student’s study plan follows these guidelines;
  • possibility of choice between English track and Portuguese track, and possibility of enrolling in the prestigious QTEM – Quantitative Techniques in Economics and Management – international programme;
  • quality and experience of faculty, research centres and supportive professional staff;
  • availability of information resources – bibliographic and data bases – required to conduct research;
  • individual tutoring in the definition of the plan of studies and in the dissertation or internship report work;
  • professional orientation and career planning counselling services;
  • a series of seminars with topics and speakers (outside FEP) that enable the bridge between academia and private and public organizations in the market place;
  • structured programme of curricular internships, with institutions dedicated to economic analysis and other private and public organizations that provide challenging opportunities to engage in a first work experience.

Anabela Carneiro
Director of the Master in Economics

Masters > Master in Economics

The Master of Economics course list can be consulted here.

Masters > Master in Economics

Student profile

The Master in Economics is a pre-experience Master that offers high-quality education in economics as well as on quantitative methods and techniques for economic evaluation. The programme is designed to recent graduates in Economics, Management, Finance or related fields.

Student profile Master in Economics

Masters > Master in Economics

Career Opportunities

Master in Economics students are trained to pursue demanding professional or academic careers in public or private, national or international institutions, such as:

  • Financial institutions
  • Regulatory entities
  • Auditing and consulting entities
  • Non-financial companies
  • Government institutions
  • Economic and financial international organizations
  • Non-governmental organizations
  • Teaching and research institutions, etc.

Masters > Master in Economics


Exclusively online

The application will be exclusively online.
It is compulsory to read the notice in advance.



1st Call: 1st March 2021


If you are (or were) a student or employee of U.PORTO, you must use your credentials. You can login using the authentication form.

If you do not have a username, please complete the user request form. A username and password will be sent to your e-mail address.

If you have a temporary username, you can retrieve the password here.

Documents to submit

They are described in the Notice, which must be read before submitting the application.

Make your application online


After the application

Provisional results posting: 05 April 2021

Display of final results: 27 April 2021

Performing registrations:

28 April 2021

27 May 2021 (graduates)

2 August 2021 (finalists)

The applications for the Master in Economics for the academic year 2021/2022 are closed.

If you wish to apply, you will have to do it for the 2022/2023 academic year. Applications usually start in January.

We recommend you to pay attention to our website. You can fill the contact form if you wish to receive information from FEP.

Masters > Master in Economics


Catarina Martins
Catarina Martins

“The Master in Economics at FEP was the obvious choice for me not only because of the recognized excellence of the Faculty, but also because the Master allows each student to personalize his/her pathway according to the areas of personal interest. Additionally, as a student of the ME, I applied to the QTEM programme, which was definitely a plus due to its international exposure. Overall, my academic journey as a Master student at FEP integrated in the QTEM gave me a broader understanding of Economics while also preparing me to face future professional challenges, since throughout these two years I could explore different subjects under various perspectives while also acquiring important quantitative tools, which are key in today’s world.”

José Verónico
José Verónico

“The Master in Economics (ME) is a program that has two points that for me were very important: the flexibility in choosing the plan of studies and the recognized quality of the contents taught. The first point is important because it allows the choice of a path that is adjusted to an entry in a more specialized environment, in business or academia, according to the given personal objectives. The second point guarantees the quality of training regardless of choice. In my case, contact with specialized curricular units in the area of economics motivated me to pursue my studies and enroll in the PhD in Economics. In addition, the demanding environment I experienced and the quality of knowledge acquired in the ME facilitated the adaptation to an academic degree of greater difficulty.”

Masters > Master in Economics

Other information

More information here.

More information here.

More information here.


New Developments in the Electricity Sector and their Impact on the Labour Market: Evidence from Portuguese Firms 2002-2017
Ana Costa Alvarelhão
Supervisors: Joana Resende (FEP) and Anabela Carneiro (FEP)

Earnings Managment and Loan Outcomes
Catarina Silva Martins
Supervisor: José Peres Jorge (FEP)

Impacto do Federalismo Orçamental nos Influxos de Investimento Direto Estrangeiro – Uma Aplicação ao Caso Europeu
Marina do Céu Barros Teixeira
Supervisors: Ana Paula Ribeiro (FEP) and Vítor Carvalho (FEP)

The Impact of European Structural Funds on Economic Growth: The Importance of Institutions
Pedro Daniel Gomes Nogueira
Supervisor: Sandra Silva (FEP)

Where are the Poor in Mainstream Economics? An Exploratory Bibliometric Analysis at the Blue Ribbon
Sara Mota Cardoso
Supervisor: Aurora Teixeira (FEP)


Gil, Pedro M., and Iglésias, Gustavo (forthcoming), “Endogenous Growth and Real Effects of Monetary Policy: R&D and Physical Capital Complementarities”, Journal of Money, Credit and Banking.

Carvalho, João B., and Costa, José (2020), “O Impacto do Metro do Porto nos Preços Imobiliários: Uma Reavaliação”, Revista Portuguesa de Estudos Regionais, 53: 89-108.

Gil, Pedro M., Almeida, André, and Castro, Sofia (2017), “Rich Transitional Dynamics, Physical Capital and Technology Intensity”, Oxford Economic Papers, 69(3): 678-706.

Barbosa, Diogo, Carvalho, Vítor, and Pereira, Paulo J. (2016), “Public Stimulus for Private Investment: An Extended Real Options Model”, Economic Modelling, 52: 742-748.

Ribeiro, Ana P., Silva, Sandra T., and Guimarães, Duarte (2016), “Macroeconomic Fundamentals of Poverty and Deprivation: An Empirical Study for Developed Countries”, European Journal of Development Research, 27: 37–66.

Almeida, Álvaro, and Cima, Joana (2015), “Demand uncertainty and hospital costs: an application to Portuguese public hospitals”, The European Journal of Health Economics, 16(1): 35-45.

Garrido-da-Silva, Liliana, Castro, Sofia, and Vasconcelos, Paulo B. (2015), “Discrete dynamics for the core-periphery model”, Spatial Economic Analysis, 10(1): 36-51.

Work Project and Internship Reports

Estimação do custo direto unitário do internamento de indivíduos que sofrem de doenças do foro mental em Portugal
Miguel Maria de Sousa Santos Andrade Leite
Project: One.Cost, Laboratório de Investimento Social e Fundação Calouste Gulbenkian
Supervisor: Nuno Sousa Pereira (FEP)

The value relevance of individual and consolidated statements: a comparison for the Portuguese listed firms
Luís Eduardo Fernandes Honrado
Internship: Banco de Portugal, Central de Balanços
Supervisor: Margarida Mello (FEP)

Preços de Transferência: a questão do Country-by-Country Reporting
Marta Isabel Faria Pinto
Internship: KPMG, Departamento de Preços de Transferência
Supervisor: José Mendes Almeida (FEP)

IDI e transferência de tecnologia na União Europeia após 2014: uma reflexão a partir dos contributos da Agência Nacional de Inovação
João Luís Lima Campos
Internship: Agência Nacional de Inovação
Supervisor: Sandra Silva (FEP)

Competitiveness: the role of FDI and structural change
Rita Torres Pinto
Internship: aicep Portugal Global
Supervisors: Isabel Mota (FEP) and Sandra Silva (FEP)

Exporter Firms Behaviour, Evidence from Portuguese Firms using Microdata
(distinguished in 2018 as one of the 15 best theses on the Portuguese economy, awarded by Fundação Francisco Manuel dos Santos and Banco de Portugal)
Luís Pedro Manso Machado
Supervisor: Paulo Guimarães (FEP) 

A Ideologia Política e o Desempenho Económico à Escala Local – Uma Avaliação no Contexto dos Municípios Portugueses
(distinguished in 2018 as one of the 15 best theses on the Portuguese economy, awarded by Fundação Francisco Manuel dos Santos and Banco de Portugal)
Nathalie Figueiredo Lameiras
Supervisor: Maria Manuel Pinho (FEP)

Behavioural Economics and Tax Compliance – The role of identifiability, geographical distance and social norms on tax compliance: an experimental study
(distinguished in 2016 as one of the 15 best theses on the Portuguese economy, awarded by Fundação Francisco Manuel dos Santos and Banco de Portugal)
Joana Manuela Sá Paiva Loureiro
Supervisors: Teresa Proença (FEP), Carlos Mauro and Eva Oliveira

O Prémio Salarial dos Recém-Licenciados em Ciências Económicas e Empresariais: pós-Crise e pós-Bolonha
(distinguished in 2016 as one of the 15 best theses on the Portuguese economy, awarded by Fundação Francisco Manuel dos Santos and Banco de Portugal)
Rita Cunha Neves
Supervisor: Anabela Carneiro (FEP) 

Impacto das Políticas Macroeconómicas na Pobreza em Países em Desenvolvimento
Luciana Isabel Ribeiro da Silva
Supervisor: Aurora Teixeira (FEP)
(distinguished in 2018 with prize Leonor Vasconcelos Ferreira, awarded by FEP, Associação Portuguesa de Economia Política and Associação Portuguesa de Economia da Energia, 1st prize) 

A Incidência da Pobreza de Baixos Salários em Portugal
Ana Margarida de Oliveira Fernandes
Supervisors: Isabel Mota (FEP) and Anabela Carneiro (FEP)
(distinguished in 2018 with prize Leonor Vasconcelos Ferreira, awarded by FEP, Associação Portuguesa de Economia Política and Associação Portuguesa de Economia da Energia, honorable mention)

The Master in Economics was awarded the 26th position in the Eduniversal Best Masters Ranking 2021 of the best Western European programs in Economics.