INTERNATIONAL

MSc IN

Economics

Application round:
Round 2
(Starting from)
11900
Language
English
Location
On Campus
Intake
Late August
Type of Study
Face-to-face
Format
Full time
Language
English
Location
On Campus
Intake
Late August
Type of Study
Face-to-face
Format
Full time

2nd best Master’s in Economics in Europe!

With this Master’s you will develop your technical and analytical skills to understand the dynamics of world economies. After that, you will be ready to follow a path of success be it as a researcher or leading major roles in national or international institutions.

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Henrique Gomes, Bank Resolution Expert at Banco de Portugal

My economics education at Nova SBE, encompassing both my bachelor's and master's degrees, has been crucial in my role in banking resolution.
It has equipped me with essential skills in economic analysis, critical thinking, and effective communication, all of which are integral to my work. The research experience gained during my master's program, along with my thesis, has further enhanced my adaptability to changing financial landscapes. Nova SBE was the stepping stone in my career.
Bachelors in Economics (2015-2018) & Masters in Economics (2018-2020)
Nova SBE CEMS MIM is part of the alliance of 33 Business Schools among the best worldwide

(10 CEMS schools in the Financial Times TOP 20 Master's in Management).

About the program

#unique
#handsOn
#applicable
  • State-of-the-art theoretical and empirical techniques.
  • Focus on the development and acquisition of the tools required for applied policy analysis
    (econometric and numerical software or modern econometric techniques for the evaluation of policy interventions, to name a few...).
100
%
working within
6 months
50
%
have an
International career

Explore your path,
customize your future.

Graph legend:
Mandatory Modules
Mandatory Courses
Electives to choose

Structure & Schedule

Year 1
(60 ECTS)
Fall
Microeconomic Analysis
(7 ECTS)
Macroeconomic Analysis
(7 ECTS)
Econometrics
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering
Your Career
(2 ECTS)
Modules
(2 ECTS)
Spring
Macroeconomics or Mircroeconometrics
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Year 1
(60 ECTS)
Fall
Mandatories & Electives
(28 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Mandatories & Electives
(28 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Business in Practice
Hands-on simulation where teams manage a global company, with each student taking on a director role to apply business concepts in practice.

Year 1
(60 ECTS)
Fall
Investments
(7 ECTS)
Empirical Methods for Finance*
(3.5 ECTS)
Financial Modeling
(3.5 ECTS)
Corporate Finance
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Spring
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
IMF Career Program
(2 ECTS)
Exclusive Language Courses
Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Mandatories & Electives
(28 ECTS)
Spring
Mandatories & Electives
(28 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.
Internship Project (individual)
Work Projects with an international scope conducted during an internship or a job.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Exclusive Language Courses
Exclusive Career Support
Compulsory Internationalization Requirement
Year 1
(60 ECTS)
Fall
Investments
(7 ECTS)
Financial Modeling
(3.5 ECTS)
Empirical Methods for Finance
(3.5 ECTS)
Corporate Finance
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Year 1
(60 ECTS)
Fall
Entrepreneurship with impact
(7 ECTS)
Financial Management for Entrepreneurs
(3.5 ECTS)
Becoming a Change Maker
(3.5 ECTS)
Opportunity Identification
(3.5 ECTS)
Innovation for Impact
(3.5 ECTS)
Firms and Markets
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering
Your Career
(2 ECTS)
Modules
(2 ECTS)
Spring
Entrepreneurial Project OR Innovation Project
(7 ECTS)
Entrepreneurial Mindset
(3.5 ECTS)
Data Science for Impact
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

‍Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Year 1
(60 ECTS)
Fall
International Relations and Organizations
(3.5 ECTS)
Development Economics I
(3.5 ECTS)
Markets, Incentives and Behavior
(3.5 ECTS)
Policy Appraisal
(3.5 ECTS)
Statistics for Policy Action
(3.5 ECTS)
Politics for Policy
(3.5 ECTS)
Management
(3.5 ECTS)
Politics Policy I
(3.5 ECTS)
Mastering
Your Career
(2 ECTS)
Modules
(2 ECTS)
Spring
Development Economics II
(3.5 ECTS)
Policy Analysis
Exercise
(3.5 ECTS)
Policy Evalation for Public Policy
(3.5 ECTS)
Elective
(3.5 ECTS)
Public Policy II
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Policy Analysis exercise
(3.5 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Project-Based Learning
Collaborate on real-world data challenges and showcase your results in the thesis.
Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.

Year 1
(60 ECTS)
Fall
Introduction to Python for Data Analysis
(3.5 ECTS)
Data Curation for Business Analytics
(3.5 ECTS)
Research Methods for Business Analytics
(3.5 ECTS)
Data Visualization for Business Analytics
(3.5 ECTS)
Digital Strategy and Markets
(3.5 ECTS)
Optimization
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Data Ecosystems and Governance in Organizations
(3.5 ECTS)
Elective
(3.5 ECTS)
Machine Learning
(3.5 ECTS)
Elective
(3.5 ECTS)
Digital Experimentation & Causal Analysis
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Project-Based Learning (PBL)
Collaborate on real-world data challenges and showcase your results in the thesis.
Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.
Directed Research Internship
Carry out a problem-based issue to help address an identifiable problem in a company setting.
Directed Research
Showcase knowledge and expertise by investigating a research problem of scientific nature.
+ 3rd Language: level A1/A2 (only required at the end of the 2 years)
(Example: 60h Course in A1/A2 from selected institute such as Cervantes, Goethe, etc.)
The area of expertise in Hospitality & Customer Experience also includes a complementary innovation program that will guide students on an entrepreneurial journey where they can develop creativity and their entrepreneurial skills, develop their own projects, and even potentially start their own businesses.
Workstreams

Workstreams allow students to specialize in specific areas while taking core subjects. They follow a set study plan, often linked to a final Work Project. The first two semesters cover essential management disciplines and workstream-specific subjects, while the third semester focuses on the Work Project under expert supervision. Applications for workstreams must be made during the application process, and spots are limited.

Hospitality & Customer Experience, managed by Nova SBE Westmont Institute Tourism & Hospitality
Integrated Marketing Communications
Luxury Management

Choose your Electives

The 28 ECTS that need to be fulfilled with Electives can be completed through an Area of Expertise.

Popular Electives

Discover some of the most popular electives:

  • Introduction to Programming
  • Policy Evaluation
  • Impact Investments
  • Financial Statement Analysis
  • Behavioral Economics and Finance
  • Fintech Ventures
  • Labor Economics
  • European Union: Governance and Crises
Explore the program brochure to learn more about all available options.
Areas of Expertise
Sustainability

Business and Data Analytics

  • Advanced Behavioral Economics 
  • Algorithmic governance 
  • Asset Management 
  • Auditing 
  • Banking 
  • Behavioral Economics and Finance 
  • Behavioral Finance 
  • Blockchain fundamentals 
  • Competition Policy 
  • Computational Thinking and Data Science (includes Applied Statistics) 
  • Credit Risk 
  • Data Visualization 
  • Derivatives 
  • Development Economics 
  • Economics of Education 
  • Economics of Health and Health Care 
  • Economics of Health Systems 
  • Empirical Macroeconomics 
  • Energy and Climate change 
  • Environmental Policy 
  • European Union: Governance and Crises 
  • Finance and the transition to net zero 
  • Financial Crises in History 
  • Financial Intermediation 
  • Financial Management 
  • Financial Reporting 
  • Financial Statement Analysis 
  • Fintech Ventures 
  • Fixed Income 
  • Fundamentals on Environment and Sustainability 
  • Futures and Options 
  • Game Theory 
  • Global Energy Markets 
  • Hedge Funds 
  • History of Economic Analysis 
  • Impact Investments 
  • Introduction to Programming 
  • Investments 
  • Labor Economics 
  • Macroeconomic Theory 
  • Macroeconomics of Financial Markets 
  • Marketing Analytics 
  • Network Analytics 
  • Policy evaluation 
  • Political Economy 
  • Politics for Policy 
  • Private Equity 
  • Public Finance 
  • Public Policy 
  • Real Estate Finance 
  • Risk Management 
  • Sovereign Advisory 
  • Sustainability Evaluation of Policies, Plans and Projects 
  • Sustainable Finance 
  • Climate Finance
  • Introduction to Machine Learning
  • Numerical Methods for Economics and Finance
Areas of Expertise
Available to choose
  • Advanced Behavioral Economics 
  • Algorithmic governance 
  • Asset Management 
  • Auditing 
  • Banking 
  • Behavioral Economics and Finance 
  • Behavioral Finance 
  • Blockchain fundamentals 
  • Competition Policy 
  • Computational Thinking and Data Science (includes Applied Statistics) 
  • Credit Risk 
  • Data Visualization 
  • Derivatives 
  • Development Economics 
  • Economics of Education 
  • Economics of Health and Health Care 
  • Economics of Health Systems 
  • Empirical Macroeconomics 
  • Energy and Climate change 
  • Environmental Policy 
  • European Union: Governance and Crises 
  • Finance and the transition to net zero 
  • Financial Crises in History 
  • Financial Intermediation 
  • Financial Management 
  • Financial Reporting 
  • Financial Statement Analysis 
  • Fintech Ventures 
  • Fixed Income 
  • Fundamentals on Environment and Sustainability 
  • Futures and Options 
  • Game Theory 
  • Global Energy Markets 
  • Hedge Funds 
  • History of Economic Analysis 
  • Impact Investments 
  • Introduction to Programming 
  • Investments 
  • Labor Economics 
  • Macroeconomic Theory 
  • Macroeconomics of Financial Markets 
  • Marketing Analytics 
  • Network Analytics 
  • Policy evaluation 
  • Political Economy 
  • Politics for Policy 
  • Private Equity 
  • Public Finance 
  • Public Policy 
  • Real Estate Finance 
  • Risk Management 
  • Sovereign Advisory 
  • Sustainability Evaluation of Policies, Plans and Projects 
  • Sustainable Finance 
  • Climate Finance
  • Introduction to Machine Learning
  • Numerical Methods for Economics and Finance
Sustainability
Mandatory Courses
Selectable Electives
  • Climate Finance
  • Sustainability Evaluation of Policies, Plans and Projects
  • Public Finance
  • Policy Evaluation
  • Impact Investments
  • Global Energy Markets
  • Fundamentals on Environment and Sustainability
  • Finance and the Transition to Net Zero
  • Environmental Policy
  • Energy and Climate Change
Business and Data Analytics
Mandatory Courses
Selectable Electives
  • Algorithmic Governance 
  • Numerical Methods for Economics and Finance
  • Network Analytics 
  • Marketing Analytics 
  • Introduction to Programming 
  • Introduction to Machine Learning
  • Data Visualization 
  • Computational Thinking and Data Science (includes Applied Statistics)  
  • Blockchain Fundamentals
International Development
Mandatory Courses
Selectable Electives
  • Advanced Behavioral Economics    
  • Behavioral Economics and Finance  
  • Development Economics  
  • Economics of Education  
  • Environmental Policy  
  • Global Energy Markets  
  • History of Economic Analysis  
  • Labor Economics  
  • Policy evaluation  
  • Political Economy  
  • Politics for Policy  
  • Public Finance  
  • Public Policy
Macroeconomics and Financial Markets
Mandatory Courses
Selectable Electives
  • Asset Management 
  • Auditing 
  • Banking 
  • Behavioral Economics and Finance 
  • Behavioral Finance 
  • Corporate Finance 
  • Credit Risk 
  • Derivatives 
  • Empirical Macroeconomics 
  • Empirical Methods for Finance 
  • European Union: Governance and Crises 
  • Finance and the transition to net zero 
  • Financial Crises in History 
  • Financial Intermediation 
  • Financial Management 
  • Financial Reporting 
  • Financial Statement Analysis 
  • Fintech Ventures 
  • Fixed Income 
  • Futures and Options 
  • Hedge Funds 
  • History of Economic Analysis 
  • Impact Investments 
  • Investments 
  • Macroeconomic Theory 
  • Macroeconomics of Financial Markets 
  • Numerical Methods for Economics and Finance
  • Political Economy 
  • Private Equity 
  • Real Estate Finance 
  • Risk Management 
  • Sovereign Advisory 
  • Sustainable Finance 
Public Policy
Mandatory Courses
Selectable Electives
  • Advanced Behavioral Economics
  • Behavioral Economics and Finance
  • Competition Policy
  • Development Economics  
  • Economics of Education
  • Economics of Health and Health Care
  • Economics of Health Systems
  • Environmental Policy
  • European Union: Governance and Crises
  • Global Energy Markets
  • History of Economic Analysis
  • International Migration
  • Labor Economics
  • Policy evaluation
  • Political Economy
  • Politics for Policy
  • Private Sector Development
  • Public Finance
  • Public Policy
Banking, Financial Regulation and Supervision
Mandatory Courses
Selectable Electives
  • Auditing
  • Banking
  • Corporate Finance
  • Credit Risk
  • Empirical Methods for Finance
  • Financial Crises in History
  • Financial Distress, Bankruptcy and Restructuring  
  • Financial Intermediation
  • Financial Management
  • Financial Modeling
  • Financial Reporting
  • Financial Statement Analysis
  • Fixed Income
  • Futures and Options
  • Investments
  • Macroeconomics of Financial Markets
  • Mergers, Acquisitions, Restructuring
  • Private Equity
  • Real Estate Finance
  • Risk Managemen
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
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Mandatory Courses

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* Program may be subject to changes.

Awards

Nova SBE, in partnership with different national and international entities, annually rewards the students' academic achievements.

Income Share Agreement

Aims to support Portuguese students accessing learning programs by paying the tuition fee, which students will only reimburse when they start working.
Professional practice as a plus in your Curriculum Vitae
Nova SBE is a member of the CFA® Institute University Affiliation Program, which is a relevant addition to a student’s Curriculum Vitae when applying for top-tier finance firms. This status is granted to higher education institutions whose degree programs incorporate at least 70 % of the Level I CFA® Program Candidate Body of Knowledge (CBOK), thus providing students with a solid grounding in the CBOK and helping them obtain their Chartered Financial Analyst designation.

The CFA® recognition signals potential students, prospective employers, and the marketplace that Nova SBE Master’s in Finance curriculum is closely tied to professional practice.

Nova SBE offers a unique opportunity to prepare for the internationally recognized CFA® exams during the degree. ​The scholarships reduce fees to 350$ (saving at least 800$ per exam).

Class Profile

2025/2026
87
Students
48
%
International Students
15
Nationalities
21
Average Age
59
%
Female
41
%
Male

Academic Background

44
%
Business & Management
53
%
Social Studies
1
%
Applied & Pure Sciences
1
%
Engineering
1
%
Computer Science & IT
%
Humanities
%
Law
%
Media
%
Health & Medicine

Fees & Scholarships

Master's

Regular track

1.5 years
11900
Non-EU/EEA students:
13000
Enrolment in the Master’s program becomes effective after the payment of a 1250€ (EU/EEA)/2350€ (non-EU/EEA) non-refundable fee which will be deducted from the total tuition fee
Additional fees:
- Administrative costs €36.5 (includes school insurance)
- Master's Certificate €50
- Master's Diploma ("Carta de Curso") €120
Addon
+ 0.5 years

Exchange Semester

+
The application for the exchange semester will occur in the students' academic period at Nova SBE.
Addon
+ 0.5 years

Double Degree

+
3000
The application for the exchange semester will occur in the students' academic period at Nova SBE.
Addon
+ 0.5 years

CEMS MIM

+
8750
Enrolment in the CEMS MIM program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.
Addon

Double Degree w/ Maastricht SBE

+
Enrolment in the Double Degree program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.
Addon
+ 0.5 years

Dual Degree w/ NYU Tandon

Fees available here

Scholarships

These are some of the scholarships available:

  • Nova SBE Continuity Scholarship
  • Nova SBE Social Continuity Scholarship
  • Nova SBE Merit Scholarship
  • Accenture Scholarship
  • António Serrenho Scholarship
  • Banco Primus Scholarship
  • NOVAFRICA Scholarship
  • Santander Apoio Universitário Scholarship
For more information, check out our website.

Life @ Nova SBE

We have a dedicated team to help you navigate our Nova Way of Life and help you with:

Getting started

Visas
Accommodation​
Transportation​​
Living Costs​​
What to do​​
Life at Nova SBE Guide​​

Well-being

World Mental Health Day​
Well-being week​​
Well-being workshops​
Well-being resources Thrive
Mindfulness​
Peer Tutoring Program​
Special educational needs​
Counselling / Coaching​
Psychotherapy CUF or SASNOVA​
Redefining campus life

Clubs & Students' Union

We have 30+ clubs that go beyond their traditional role to boost student engagement on campus, which is often the catalyst for a positive student experience.

Nova SBE Students’ Union was born with a mission: to represent all Nova SBE students. It offers the best events, initiatives, student clubs, and some of the best sports teams in university championships.

Campus

Nova SBE

Our campus in Carcavelos is built to provide you with the best academic experience! Here, you can find everything, from restaurants and a grocery store to a gym, bank, and even a health clinic.

Student residencies
Tunnel
(from the campus to the beach)
FNAC store
Fitness Hut Gym
Private medical Clinic
(CUF)
Mon Café Coffee Shop
Café Joyeux
3 restaurants
Rooftop bar
(with a beach view)
Pingo Doce Supermarket
(the first in Portugal without cashiers)
3 studios available
(for recording videos, podcasts, voice-overs)

Your future career

Nova SBE Master’s students have a dedicated Careers Services team to help with placement and aspirations.

As a Master’s student you will have access to:

Dedicated careers team

Exclusive career program aiming at international placement, with a dedicated career counselor

Mastering your Career Program

a series of workshops and career events that will help you acquire market knowledge and set your personal and professional goals

Individual counselling sessions

you’ll be accompanied by a dedicated Career Counsellor who will support you in defining your career goals and preparing for recruitment processes

Career Fairs

each year, there are two Career Fairs on campus to meet and network with recruiters from leading national and international companies

Career Events

activities both on-campus (company presentations, business challenges, networking opportunities) and off-campus (company visits, online presentations).

Meet the Market

this module connects students with companies who operate inspecific industries of their interest

Careers@

visits to companies of a specific geography, so that students connectwith these companies and understand how it is to work in this specific location

Career Center by JobTeaser

the Careers @ Nova SBE portal by JobTeaser connects students to the marketplace, by providing access to Job Offers, Events, Counselling, and Career-related resources

Special Mentoring program

our Mentoring program connects experienced Nova SBE Alumni with students with the goal of guiding them on the transition from academic life to the job market

Top recruiters

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Fast FOrward To Your Future

Application round:
Round 2
First and Last Name
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