Programs

Master's in Economics

The Program

Master’s in Economics

If you asked us to define our Master’s in Economics in three words, we would use: unique, hands-on and applicable. 

We make sure that we provide state-of-the-art theoretical and empirical techniques, but we also focus on the development and acquisition of the tools required for applied policy analysis. This means econometric and numerical software or modern econometric techniques for the evaluation of policy interventions, to name a few. 

Below you can find more information regarding the basic structure of the program, but remember — you can tailor-make the curriculum according to your interests. Please have a look at the electives (specialize in a specific field), areas of expertise (focus a part of your studies on a particular area of interest) and professional development modules (let’s talk about responsible leadership and creative thinking) sections as well, to make sure that you make this Master's your own. 

Week 1

  • Discovery Week


1st Semester (30 ECTS)

  • STATA Module + Mandatory Courses
  • Electives (one full or two half courses)
  • Professional Development Modules
  • Study Trips
  • Career Development Program
  • Mastering Your Career
  • Nova Economics Club, Regular and Brownbag Seminars, Networking Events, Business Forum, Conferences


2nd Semester (30 ECTS)

  • STATA Module + Mandatory Courses
  • Electives (one full or two half courses)
  • Professional Development Modules
  • Study Trips
  • Career Development Program
  • Mentoring Program
  • Nova Economics Club, Regular and Brownbag Seminars, Networking Events, Business Forum, Conferences


3rd Semester (30 ECTS)

  • Work Project
  • Career Development Program
  • Nova Economics Club, Regular and Brownbag Seminars, Networking Events, Business Forum, Conferences
  • Microeconomic Analysis
  • Macroeconomic Analysis
  • Econometrics
  • Microeconometrics or Macroeconometrics
  • STATA Module
Data and business analytics

The Data and Business Analytics area of expertise is designed for students who understand business problems and want to use technology to solve them. A strong background in mathematics and applied statistics is required, so that students will be able to analyze large data sets and translate them to support data-grounded strategic decisions.

  • Data Curation 
  • Data Visualization
  • Introduction to Programming
  • Machine Learning   
  • Computational thinking and Data Science (includes Applied Statistics) 
  • Continuous, Adaptive, Data-driven systems 
  • Models and Decision-Making
     
Development and trade

Recommended for students hoping to take up a role as a policy analyst in national or supranational government institutions, and NGOs working in the development arena.

  • Development Economics
  • Policy Evaluation
  • Microfinance
  • Public Finance
  • International Trade
  • Behavioral Economics and Finance
  • Environmental Policy
  • History of Economic Analysis
  • European Economy
  • Poverty: Concepts and Challenges
     
Macroeconomics and financial markets

Recommended for students with the ambition of taking up a role as a policy analyst in the research departments of private financial institutions and large and multinational companies, central banks, and other national or supranational government institutions.

  • Investments
  • Macroeconomic Theory
  • Macroeconomics of Financial Markets
  • Numerical Methods and MatLab
  • Asset Management
  • Behavioral Economics and Finance
  • Derivatives
  • Fixed Income
  • History of Economic Analysis
  • Risk Management
  • Empirical Macroeconomics
  • European Economy
  • Financial Crises in History
  • Fiscal Policy and Stabilization
  • Hedge Funds
     
Public policy

Recommended for students interested in a career as a policy analyst in national or supranational government institutions, consulting firms with departments dedicated to the public sector and public policies, medium and large companies working in sectors where government action is pervasive, and national and supranational lobbying groups.

  • Public Finance
  • European Economy
  • Policy Evaluation
  • Economics of Health and Health Care
  • Economics of Education
  • The Economics of Agriculture and the Environment
  • Behavioral Economics and Finance
  • Environmental Policy
  • History of Economic Analysis
  • Labor Economics
  • Political Economy
  • Fiscal Policy and Stabilization
  • Poverty: Concepts and Challenges
     
Banking, financial regulation, and supervision

Please note this is an area of Expertise offered in collaboration with the Master’s in Finance.
Recommended for students looking to pursue a career in Central Banks and Regulatory Bodies, or in Retail Banking or the consulting and auditing of financial institutions.

  • Banking
  • Investments
  • Numerical Methods and MatLab
  • Bank Regulation
  • Fixed Income
  • Risk Management
  • Applied Derivatives
  • Credit Risk
  • Financial Crises in History
  • Financial Intermediation

     

*Please take note of the following:
— Students can qualify for only one area of expertise, however it isn’t mandatory for students to choose one. 
— Areas of Expertise and respective courses might be subject to change from one academic year to the next. 
— Some courses might not be offered every academic year. 
— Students may attend elective courses from other masters’ programs, which are subject to availability.

  • Advanced Industrial Organization
  • Applied Derivatives
  • Asset Management
  • Bank Regulation
  • Banking
  • Behavioral Economics and Finance
  • Competition Policy
  • Computational thinking and Data Science (includes Applied Statistics) 
  • Continuous, Adaptive, Data-driven systems 
  • Credit Risk
  • Data Curation 
  • Data Visualization
  • Derivatives
  • Development Economics
  • Economic Regulation
  • Economics of Education
  • Economics of Health and Health Care
  • Empirical Macroeconomics
  • Environmental Policy
  • European Economy
  • Financial Crises in History
  • Financial Intermediation
  • Financial Statement Analysis
  • Fiscal Policy and Stabilization
  • Fixed Income
  • Game Theory
  • Global Business Challenges
  • Global Energy Markets
  • Hedge Funds
  • History of Economic Analysis
  • International Taxation
  • International Trade
  • Introduction to Programming
  • Investments
  • Labor Economics
  • Machine Learning   
  • Macroeconometrics
  • Macroeconomic Theory
  • Macroeconomics of Financial Markets
  • Microeconometrics
  • Microfinance
  • Models and Decision-Making 
  • Negotiation
  • Nova Economics Special Project
  • Numerical Methods and MatLab
  • Policy Evaluation
  • Political Economy
  • Poverty: Concepts and Challenges
  • Public Finance
  • Risk Management
  • Seminar on Current Economic and Financial Issues
  • Sustainable International Business
  • The Economics of Agriculture and the Environment
  • Tools for Applied Policy Analyis: Cost Benefit Analysis
  • Quantitative skills

Learning to analyze data.
 

  • Ethics

Thinking about ethical challenges.
 

  • Corporate links/internationalization

Building knowledge about the business environment and international careers.
 

  • Communication and creativity

Thinking outside the box and improving communications skills.

What’s at the finish line?

The Work Project

Students must complete a Master’s Work Project, which is equivalent to a Master’s Thesis. You can choose one of the following to finish your studies with flying colors.

Directed Research
An original piece of work on a topic proposed and supervised by a professor. This may also take the form of a case study.

Field Lab
A group project developed in collaboration with a public or private institution and under supervision by a professor.

Internship
An internship where students develop a project in a problem-solving format for a company, in response to a predefined question/problem raised by the host organization and under the supervision of a Nova SBE Professor. Students may apply for internships offered by Nova SBE or obtain one directly from a company through their own contacts.

ECTS this, ECTS that

How does the grading system work?

Grading is based upon the European Credit Transfer System (ECTS), a grading scale developed to facilitate the understanding and comparison of grades, according to different national systems. 

We did the math for you, and the awarding of ECTS grades per curriculum component breaks down as follows:

30 ECTS
in Mandatory Courses including the Mastering Your Career Activities
(Bridging courses not included)

28 ECTS
in Elective Courses (minimum)

2 ECTS
in Professional Development Modules

0 ECTS
MS Excel Certification

30 ECTS
in the Work Project

You need a minimum of 90 ECTS to complete your Master’s, but if you need 120 ECTS to proceed with your studies, you can extend your Master’s by one semester with courses (28 ECTS) and modules (2 ECTS).