Overview The Master's in Monetary and Financial Economics (MEMF) is an international-level programme that follows the best European practices in the area. As such, the selection criteria of applicants are demanding and this exigency level is kept along the course. Thus, the MEMF is not compatible with a weak background and with a low-effort profile, as we expect students to be prepared to spend a minimum of 3200 effort hours in 2 years. The effort required from MEMF students is strongly valued in the labour market. Employers especially recognise to MEMF graduates a strong background in econometrics and quantitative methods, competence in macroeconomics and monetary economics, and a large capacity to face new challenges. Exigency, competence, and rigour. These have been the leading principles of the MEMF for more than two decades and so they will be.
Objectives The aims of the MEMF are: (i) providing advanced knowledge in the monetary and financial fields, based upon the most relevant results achieved by the scientific community; (ii) initiating its students in scientific research, by practicing the appropriate techniques and methodologies; and (iii) preparing the senior staff in monetary and financial institutions linked to financing the economy and to monetary policy issues.
History The MEMF started in 1992/93, after being a specialisation area of the Master's in Economics, which had been created in 1981. From its beginning until 2010, it was directed by Vitor Constancio, who had also been the coordinator of the above-mentioned specialisation area in Monetary and Financial Economics. Luis Costa joined the directing team in 2003/04 and Miguel St. Aubyn officially joined it in 2010/11 after Vitor Constancio left it to become the Vice-President of the European Central Bank. Nevertheless, Vitor Constancio kept his relation to the MEMF as the non-executive Scientific Adviser. In 1996/97 the programme was reformulated and in 2000/01 it was reformulated once again, jointly with other M.Sc. programmes in the scientific field of Economics. A new and profound upgrade would take place in 2007/08 in order to adapt the course to the Bologna Process. The MEMF has worked continuously since its first edition in 1992/93. In this period amost four hundred students were enrolled and more than one hundred graduated. MEMF graduates work in several firms, both in the financial sector (banking, insurance, and other financial institutions) and in the non-financial sector, in public institutions (central banks, ministries, and international organisations), and in the academy, both in Portugal and abroad. Some opinions of former students are available online.
Designed for The MEMF is intended to complement and to deepen first-cycle education provided by a Bachelor's in Economics or Finance. The main objective is that students learn how to analyse problems in a rigorous and constructive way, developing their ability to assess the contribution of research in Monetary and Financial Economics to solve the problems in the area, and to use advanced empirical and theoretical tools in Economics and Finance.
Employment A master in Monetary and Financial Economics is prepared to work as an economist, financial analyst, researcher and teacher, senior staff member in financial institutions, central banks, international organisations, and public departments. The programme is also an intermediate step to obtain a Ph.D. in the areas of Economics and Finance.
Operational Regime Full time. Compulsory courses and elective-option courses with origin in MEMF are taught after 18:00 h.
Tick this if you’d like to know more about fees for this course or university– including information for part-time, distance-learning or international students. Why not use the message box below to tell the university which specific fees you’d like to know more about or to ask about funding opportunities?
Tick this if you have questions about getting admitted to courses at this university, including queries about eligible undergraduate degree subjects or academic entry tests.
Why not use the message box below to tell the university about your existing qualifications and experience?
Tick this is you have questions about studying in a foreign language at this university.
Why not use the message box below to tell the university about your language proficiency or ask if it accepts specific test scores?
Tick this if you’d like to know more about the application process at this university, including the material you will need to provide and the deadline for submissions.
Why not use the message box below to ask more specific questions, such as requirements for international students?
Tick this if you have a more specific enquiry, or if you would just like more general information (such as a prospectus). Use the message box below to let the university know how it can help you.
Including a specific message makes it easier for universities to help you with your enquiry and application. You can ask about information for international applicants, scholarships, student accommodation or anything else you’d like to know about the course.
* required field
Please correct the errors indicated below to send your enquiry