Stages of the selection process



Venue: to be informed.

a) Specific knowledge: this element will comprise twelve (12) objective questions covering the basics of economics in the areas of mathematics (differential and integral calculus, linear algebra and financial mathematics), statistics (descriptive analysis, statistical inference and linear regression), microeconomics (consumer theory, theory of the firm and market structures), and  macroeconomics (fiscal policy, monetary policy and foreign exchange policy). Each subject will be addressed by three (3) objective questions. This element is intended as a ranking device and aims to evaluate the applicant’s mastery of the basic concepts and tools for economic analysis.

b) Open-ended questions: this part of the test will be made up of two questions related with the research tracks (International Markets and Market Operations and Behavior). Applicants will choose to answer one of the questions, according to their first choice of track (which must be indicated on the test). This element aims to evaluate applicants’ analytical and communication and expression skills.

Notice: No reference materials (books, doctrine, legislation) will be allowed during the written test. Test reviews are not allowed. The selection commission’s decision is sovereign and not subject to appeal.

Scientific or financial calculators will be allowed. Mobile phones/smartphones will not be allowed at the test.



Shared reading list for all tracks

ANTON, Howard; RORRES, Chris. Álgebra linear com aplicações. 10. ed. Porto Alegre: Bookman, 2012.

LARSON, Ron; FARBER, Betsy. Estatística aplicada. 4. ed. São Paulo: Pearson/Prentice Hall, 2011.

MANKIW, N. Gregory; HASTINGS, Allan Vidigal (Trad.). Introdução à economia. São Paulo: Cengage Learning, 2014.

MORETTIN, Pedro Alberto; HAZZAN, Samuel; BUSSAB, Wilton de Oliveira. Cálculo: funções de uma e várias variáveis. 2. ed. São Paulo: Saraiva, 2014.

“Market Operations and Behavior” track

BESANKO, David; DRANOVE, David; SHANLEY, Mark; SCHAEFER, Scott; BASSO, Leonardo Fernando Cruz (Trad.). A economia da estratégia. 3. ed. Porto Alegre: Bookman, 2007.

 “International Markets” track

PENG, Mike W. Estratégia Global. São Paulo: Thomson Learning, 2008




Proficiency choices (Professional Master’s): English.

Venue: to be informed.

The test will comprise translating a text on economics and current events into Portuguese. The same test will be used for all candidates, regardless of the research track selected at the time of the specific knowledge test.

Notice: A single copy of a conventional, non-electronic, one-language dictionary without a glossary for Portuguese terms will be allowed. No test review will be allowed.

Alternatively, the following English proficiency certificates will be accepted, as long as earned no more than five (5) years, when issued by one of the following recognized outside institutions:

  • TOEFL (minimum: 80 points for the Web mode, 550 points for the traditional mode and 213 points for the computer-based mode);
  • IELTS (minimum 6.5 average for the overall range score);
  • ECCE or ECPE/Michigan (passed or minimum of 650 points);
  • PET/Cambridge (minimum passing grade: Intermediate II).



Interviews will be scheduled after the candidate list has been posted on our website. The purpose of the interviews is to evaluate each applicant’s effective interest in the program, the program’s worth to his or her career, their professional experience and future prospects.



The Program will hold a meeting to answer applicants’ questions in reference to the Professional Master’s and its Tracks. Those interested may enroll by email (


Graduate Economics and Markets Program

Professional Master of Economics and Markets

Rua Itambé, 135 – Building 12 – Ground Level

01239-001 – Higienópolis, São Paulo/SP