EPGE completes 60 years with recognition of excellence in teaching and research.
EPGE Brazilian School of Finance and Economics (FGV EPGE) celebrates its 60th anniversary on January 15th, a history of working to further improve excellence in teaching and research in the economic sciences. Throughout 2021, several activities are planned to honor the institution's successful development.
The School’s current indicators are impressive. In twelve national evaluations by MEC (Education Ministry), EPGE came first in the IGC (General Course Index) eight times, competing with more than 2050 other Higher Education Institutions (universities, technical colleges and educational centers of all types) across all subject areas. EPGE also ranks first in the RePEc index (international index of economics departments). The undergraduate course was first in three of the five national ENADE (national student performance) evaluations carried out by MEC which considered all economics degrees in Brazil. In Latin America, EPGE is in first place in the Tilburg University ranking, which measures relative positions of economics departments. In 2018, the same ranking placed the school 76th among all economics departments in the entire world.
EPGE regularly receives Nobel Prize-winning economists to give lectures. Since 2010, there have been seven, some with more than one visit to the school: John Forbes Nash Jr., Eric Maskin, Robert Lucas Jr., Edward Presscott, Christopher Sims, Robert Engle and James Heckman.
Rubens Penha Cysne, director of EPGE since 2010, says:
“EPGE's contribution to society and to the international scientific community is in two main areas: education and fostering the advancement of economic science. Through the provision of education in economics that compares to that of the best economics departments in the world, the school generates, through the professional performance of its students, a strong incentive for national development and, consequently, for general well-being. On the other hand, through teacher and student research, published in the best international journals, it contributes to the advancement of the economic sciences. The great challenge for the next sixty years will be to maintain and further expand the provision of such benefits to society and country, in an increasingly competitive, globalized and dynamic environment”.
According the current director of the FGV Arbitration Chamber, Julian Chacel, (see the EPGE website) the school arose from a request by the Rockfeller Foundation for FGV to send two newly graduated economists for a three-year internship in the United States.
Chacel, then the president of IBRE, suggested using the experience of the preparation of the two chosen specialists as the basis for a new school that aimed to expand the training of economists in Brazil to similar levels to those of the best international centers. He also suggested, as director of the project, Mário Henrique Simonsen.
During this period, renowned professionals passed through the school, among them Mario Henrique Simonsen himself, Octavio Gouvêa de Bulhões, Carlos Langoni, Sérgio Ribeiro da Costa Werlang, Carlos Ivan Simonsen Leal, Clóvis de Faro and Renato Fragelli Cardoso.