Curriculum

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.

O curso enfoca a Macroeconomia de curto prazo tradicional. Fundamentos da Macroeconomia de curto prazo; mercados de bens, de trabalho, de títulos e de moeda; taxas de juros e regimes cambiais; políticas monetária e fiscal; dinâmica da inflação e desemprego; incertezas e expectativas.

An Overview of the Post-War Period: external constraints, economic policy, and structural change. The second Vargas administration and the Café Filho interregnum. The JK years: Target Plan and macroeconomic legacy. Instability and crisis: the Jânio Quadros and João Goulart administrations. The 1964 coup and the PAEG. “Forward, Brazil!”: the economic miracle, 1967–73. The first oil crisis and debt-led growth. The 1980s: debt crisis and runaway inflation. Stabilization attempts: the heterodox plans and the Real Plan. The FHC period and Lula’s first administration: international crises, low growth, and defense of stability. Lula’s second term: ‘new developmentalism,’ the global crisis, and recovery. Digging the hole: the economy and economic policy during Dilma’s first term.

Este curso tem como objetivo familiarizar os alunos com as principais teorias, métodos empíricos e questões em aberto no campo do Desenvolvimento Econômico. O curso adota uma abordagem integrada, combinando perspectivas macroeconômicas e microeconômicas sobre crescimento e desenvolvimento.

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

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.

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.

A disciplina "Economia Regional e Urbana" proporciona uma visão abrangente sobre distribuição espacial da atividade econômica, abordando tanto teorias clássicas quanto modelos modernos. Os alunos serão introduzidos a conceitos fundamentais como o modelo de cidade monocêntrica e suas extensões, bem como a noções de equilíbrio espacial e economias de aglomeração.
O curso tem como objetivo preparar os estudantes para uma compreensão crítica das interações entre atividade econômica e espaço urbano, capacitando-os a aplicar esses conhecimentos em futuros estudos e práticas profissionais. O curso também promove o desenvolvimento de habilidades analíticas, incentivando os estudantes a refletirem sobre os desafios e oportunidades da vida urbana a partir de uma perspectiva científica.
Ao longo do semestre, os alunos participarão de aulas expositivas e discussões sobre temas como migração, gentrificação, crescimento econômico, e transporte urbano. A metodologia de ensino inclui a resolução de exercícios práticos e a leitura de artigos científicos.
A avaliação do curso será composta por projetos de pesquisa, apresentações, participação em aula e listas de exercícios, todos realizados individualmente.

Introduction. Asset Allocation. Options Strategies. Swaps, Forwards, and Futures Strategies. Fixed Income Portfolio Management. Equity Portfolio Management. Risk Management.

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

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

Labor supply and demand theory, labor market equilibrium, wage structure, dual labor markets, discrimination, labor market policies;

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.