Academic Master´s in Economics


The Master’s Degree in Economics of FGV EPGE Brazilian School of Economics and Finance aims to provide a broad and solid conceptual basis in Economics. It prepares students for further study in the PhD program of FGV EPGE itself, or another institution, as well as for immediate entry into various professional activities in the public and private sectors and in the academic field.
FGV EPGE’s Master’s program follows the models of major international economics departments. Students pursuing the Master’s degree have an ideal deadline of twenty-four (24) months and a maximum of twenty-seven (27) months to obtain the degree.

•    Economic Development
•    Econometrics
•    Finance
•    Applied Microeconomics
•    International Economy
•    Monetary Economy
•    Economic Theory


The usual and basic reference for entry into the Master’s program is the exam of National Association of Postgraduate Centers in Economics (ANPEC), held on an annual basis. The classification used by the School in the ANPEC examination considers the grades in Microeconomics, Macroeconomics, Mathematics, and Statistics, with equal weights.  Applicants selected according to this criteria are not required to submit additional material.

•    Registration: until July 31, 2019
•    Examinations: September 25 and 26, 2019
•    Result: Monday, November 4, 2019

Students in the Program are typically able to obtain a full scholarship according to their course. The values and rules for obtaining and maintaining scholarships are subject to the rules established by public funding agencies, namely, CNPq (National Council for Scientific and Technological Development), CAPES/PROEX (Coordination for Improvement of Higher-Education Personnel / Academic Excellence Program), and FAPERJ (Research Support Foundation of the State of Rio de Janeiro). Partnerships with a number of private institutions have also made it possible over the past few years to provide additional scholarships.

Click here  to access the list of documents required for enrollment (only portuguese).
Click here to acces the public notice




FGV EPGE’s Academic Master’s Program is exempt from tuition fees for its students.


•    Math Leveling

•    Macroeconomic Theory I
•    Macroeconomic Theory II
•    Macroeconomic Theory III
•    Microeconomic Theory I
•    Microeconomic Theory II
•    Microeconomic Theory III
•    Game Theory
•    Economic Theory and Advanced Macroeconomics I
•    Economic Theory and Advanced Macroeconomics II
•    Statistics I
•    Statistics II
•    Mathematical Analysis I
•    Mathematical Analysis II
•    Econometrics I
•    Brazilian Economy Seminars


•    Economic Development
•    Econometrics
•    Finance
•    Applied Microeconomics
•    International Economy
•    Monetary Economy
•    Economic Theory

The elective subjects will be subject to the availability of the program’s professors, and their offering will be released quarterly.


•    André Garcia de Oliveira Trindade
•    Andres Carvajal
•    Afonso Arinos Mello Franco Neto
•    Alexandre Loureiro Madureira
•    Aloisio Pessoa de Araujo
•    Caio Ibsen Rodrigues de Almeida
•    Carlos Eugênio Ellery Lustosa da Costa
•    Cecília Machado Berriel
•    Cezar Santos
•    Felipe Saraiva Iachan
•    Fernando de Holanda Barbosa
•    Francisco Junqueira Moreira da Costa
•    Giovanni Maggi
•    Humberto Luiz Ataíde Moreira
•    João Victor Issler
•    Kazuhiro Hara
•    Leandro Gorno
•    Lucas Jóver Maestri
•    Luis Henrique Bertolino Braido
•    Marcelo Cortes Neri
•    Marcelo Jovita Moreira
•    Marcelo Sant’Anna
•    Paulo Klinger Monteiro
•    Pedro Cavalcanti Gomes Ferreira
•    Renato Fragelli Cardoso
•    Renato Galvão Flôres Junior
•    Ricardo de Oliveira Cavalcanti
•    Rubens Penha Cysne
•    Sérgio R. da Costa Werlang

Dean of FGV EPGE
Rubens Penha Cysne

Deputy Dean of FGV EPGE
Aloisio Araujo

Coordinators of the Academic Graduate Program of FGV EPGE
Lucas Jóver Maestri
Humberto Luiz Ataíde Moreira


Telephone: +55 21 3799-5479 and +55 21 3799-5860
Address: Praia de Botafogo, 190, room 1123
CEP: 22250-900 | Rio de Janeiro | RJ | Brazil

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