Curriculum

Click on curriculum to view the updated undergraduate flowchart.

Mandatories:

 
Discipline Hours Semester Professor Title At FGV Since
Linear Algebra 90h Danielle Gonçalves Teixeira PhD 2025
Classical Foundations of Social Sciences 60h Barbara Goulart PhD 2024
Calculus I 90h Cláudia Ferreira Reis Concordido PhD 2021
Introduction to Economics 60h Renato Fragelli Cardoso PhP 1990
National Accounts 60h Maria Teresa Duclos PhD 2002
Fundamentals of Microeconomics I 60h Luis Henrique B. Braido PhD 2002
Probability Theory 90h Larissa de Carvalho Alves PhD 2024
Calculus II 90h Yunelsy Napoles Alvarez PhD 2023
Fundamentals of Microeconomics II 60h Janaina Rodrigues Feijó PhD 2022
Fundamentals of Macroeconomics 60h Fernando Holanda Barbosa Filho PhD 2006
History of Philosophy and Ethics 60h Décio Vieira da Rocha PhD 2024
Computer Science (Class 1) 60h Walter Wagner Carvalho Sande PhD 2005
Computer Science (Class 2) 60h Bruno Cuconato PhD 2024
Applied Computing Lab 90h Bruno Cuconato PhD 2024
Calculus III 90h Cláudia Concordido PhD 2021
Probability Theory 90h Eduardo Lima Campos PhD 2001
General Economic History I 60h André Arruda Villela PhD 2000
 Microeconomics I 60h Leandro Gorno PhD 2013
Consumer Theory: Hypotheses about consumer preferences; Representation of preferences through utility functions; Budget constraint and consumer choice; Demand, price effect, and income effect; The Slutsky equation and the revisited Slutsky equation; Market demand; Elasticities and consumer surplus; Revealed preference; Intertemporal choice; Theory of choice under risk and applications; Partial equilibrium analysis.Firm Theory: Production; Costs; Profit maximization and cost minimization; The firm's choice in a competitive environment.General Equilibrium: Equilibrium in an exchange economy; Equilibrium and efficiency: the first and second welfare theorems.
Syllabus
Macroeconomics I 60h Fernando de Holanda Barbosa Filho PhD 2005
Brazilian Political Institutions 60h Félix Garcia Lopez Junior PhD 2023
Statistics 90h Bruno Barsanetti PhD 2020
Financial Mathematics and Accounting 60h Layla dos Santos Mendes PhD 2020
General Economic History II 60h André Arruda Villela PhD 2000
Microeconomics II 60h Marcelo Sant´Anna PhD 2016
Macroeconomics II 60h Renato Fragelli Cardoso PhD 1990
Methodology of Science and History of Economic Thought 60h Salvador Teixeira Werneck Vianna PhD 2016
Econometrics I 60h Valdemar Rodrigues de Pinho Neto  PhD 2020
Investments 60h Claudio Henrique da Silveira Barbedo PhD 2023
Microeconomics III 60h Lucas Jóver Maestri PhD 2014
Macroeconomics III 60h Marco Antônio Freitas de Hollanda PhD 2021
Economic Formation of Brazil 60h André Arruda Villela PhD 2000
Econometrics II 60h João Victor Issler PhD 1993
Finance 60h Felipe Saraiva Iachan PhD 2012
Public Finance 60h Carlos E. da Costa PhD 2003
Monetary and Financial Economics 60h Ricardo de Oliveira Cavalcanti PhD 1999
Contemporary Brazilian Economy 60h André Arruda Villela PhD 2000
Thesis I 60h Luis Henrique B. Braido PhD 2002
Law and Economics 60h Thiago Cardoso Araújo PhD 2018
International Trade 60h Afonso Arinos de Mello Franco Neto PhD 1993
Thesis II 120 h Luis Henrique B. Braido PhD 2002
Interpretations of Brazil 60h Christian Lynch PhD 2017
Development Economics 60h Fernando Augusto Adeodato Veloso PhD 2011

Electives:

Discipline Hours Semester Professor Title At FGV Since
Introduction to R applied to data science 60h - Diogo Tavares Robaina PhD 2000
Topics in Fiscal Policy - Theory, Evidence and the Case of Brazil (In English) 30h - Marco Antônio Freitas de Hollanda Cavalcanti PhD 2021
Machine Learning 30h - Rafael Martins de Souza PhD 2016
 Green Finance (In English) 30h - Edson Daniel Lopes Gonçalves PhD 2007
This course focuses on Sustainable Finance & Climate Risk Management through a quantitative approach. During the classes students will be equipped with the insights, frameworks, and skills to evaluate environmental, social, and governance (ESG) factors and measure and manage impact resulting from investments. We will explore the evolving sustainable investing landscape, understand how to incorporate ESG factors into investment decisions, gain insights into climate risk and how to incorporate those implications into financial models, and develop a new perspective on the interaction of investing and impact. Bellow we have the key concepts that will be covered and the main learning goals:
 
  • Explore the evolving sustainable investing landscape
  • Understand how to incorporate ESG factors into investment decisions
  • Apply frameworks to measure and monitor sustainable investment opportunities
  • Analyze cutting-edge implementation strategies
  • Gain insights into the climate risk inherent in investment opportunities
  • Discover how to integrate risks into financial models
  • Think critically about how and where to add value while avoiding “impact washing”

Prerequisites (recommended): basic level of knowledge in Financial Mathematics, Investment Analysis and Microeconomics

  • FGV Undergrad in Economics: Investments course
  • FGV Undergrad in Business Administration: Financial Management I course
 Political Economy (In English) 60h - Marcos Salgado PhD 2022
This course is an introduction to the main topics in modern Political Economy. In this class, Political Economy is the study of politics with the tools of Economics. For example, we will study colonialism and its effects, how authoritarian governments rule, and the relationship between politics and organized crime.The lectures will be in English, but students can participate and present in Portuguese if they prefer.
Derivatives 60h - Claudio Henrique da Silveira Barbedo PhD 2023
 Environmental Economics (In English) 30h - Sophie Mathes PhD 2020
Environmental economics: Welfare under externalities. Coase theorem. Theory of environmental policy. Climate change and DICE models. Value of a statistical life. Externalities under perfectcompetition, imperfect competition, imperfect information, and leakage. Impacts of air pollution and water pollution. Impacts of heat. Cost-benefit analysis. Hedonic valuation and revealed preference.
Regional and Urban Economics 30h - Pedro Henrique Chaves Maia PhD 2024
 Quantitative Finance (In English) 30h - Marcelo Verdini Maia PhD 2015
Introduction. Asset Allocation. Options Strategies. Swaps, Forwards, and Futures Strategies. Fixed Income Portfolio Management. Equity Portfolio Management. Risk Management.
 Principles of Corporate Finance for Utilities (In English) 60h - Edson Daniel Lopes Gonçalves PhD 2007
This course focuses on corporate finance as it pertains to regulated utilities – energy, water, transportation, telecommunication, and other infrastructure firms. Corporate finance comprises the decisions and operations made by firms; perhaps the most important of these are the investment decisions firms make and the financing of such investments. Capital-intensive, regulated utilities are different from unregulated firms in that they cannot make such decisions with abandon. Rather, many of their decisions must be vetted and approved by utility regulators, considering that they do not operate in competitive markets. Thus, the main goal of this course is to provide an understanding of the economic, financial, and accounting concepts that are most relevant to regulated utilities. The classes will cover four big themes:
Part I – Key concepts of corporate finance, especially those related to regulated utilities.
Part II – Issues of risk, which regulated firms and regulators alike must address, including business, financial and regulatory risks.
Part III – Some fundamental issues that affect regulated utility investment decisions – in particular, wediscuss options and derivatives and capital budgeting decisions.
Part IV – Issues related to the financial operations of regulated utilities, including accounting standards that regulated utilities must use and the accounting rules needed to separate regulated from unregulated activities when a firm performs both.
Prerequisites (recommended): basic level of knowledge in Financial Mathematics, Investment Analysis and Microeconomics
  • FGV Undergrad in Economics: Investments course
  • FGV Undergrad in Business Administration: Financial Management I course

Ementa
Introduction to Python for data science 60h - Bruno Cuconato PhD 2024
 Macroeconomic Models for Short Run fluctuations and Crises (In English) 30h - Rafael Chaves Santos PhD 2014
Real business cycle models, price rigidity, fluctuations around steady state, discussions on equilibrium existence and unicity. multiple equilibria model and possible interpretations for crises. coding numerical solutions to appraise macroeconomic fluctuations.
Ementa
 Labor Economics (In English) 60h - Andrea Flores PhD 2022
Labor supply and demand theory, labor market equilibrium, wage structure, dual labor markets, discrimination, labor market policies;
Syllabus
 Quantitative Methods in Marketing (In English) 60h - José Gustavo Féres PhD 2013
Introduction: marketing strategy and consumer behavior. Microeconomics approach to marketing strategy: the Dorfman-Steiner theorem. Impact evaluation of marketing expenditures on firms´ sales, econometric issues: simultaneity, market share models, dynamic effects, causality. Determinants of consumer behavior in markets with differentiated products. Discrete choice models: probit/logit, multinomial logitm ordered probit. Censored data: tobit estimation model. Panel data analysis applied to consumer behavior.
Syllabus
Competition Policy Economics 60h - Afonso Arinos de Mello Franco PhD 1993
Applied Microeconomics 60h - Francisco J. M. Costa PhD 2013
Regulatory Economics 30h - Humberto Luiz Ataíde Moreira PhD 2002

Extension activities:

Disciplines Hours Semester Professor Title At FGV Since
Business Valuation 60h - Edson Daniel Lopes Gonçalves PhD 2007
Applied Data Science Lab for Finance 60h - Diogo Tavares Robaina PhD 2000
Contemporary Topics I 30h - José Gustavo Feres PhD 2013
Contemporary Topics II 30h - José Gustavo Feres PhD 2013
Entrepreneurship Lab 30h - Layla dos Santos Mendes PhD 2020
Public Policy Lab 30h - Katia Aiko Nishiyama Alves PhD 2020
Environmental Lab 30h - Pedro Henrique Chaves Maia PhD 2024