Master 1 & 2

Economics


Overview


Institut Polytechnique de Paris offers a two-year research-oriented program in economics entirely taught in English, that offers advanced training in economics through coursework and supervision by faculty. It is aimed at students who want to become professional economists working in government, central banking, international organizations, consulting, finance or in academic research.

The program heavily relies on advanced quantitative methods for both theoretical and empirical analysis. During the first year, students take advanced core courses in microeconomics, macroeconomics and econometrics. They also engage in research projects under the supervision of faculty and acquire a first hands-on contact with research. During the second year, students can specialize within subfields of economics. By the end of that year, they should be familiar with the research frontier within their main area of specialization and have gained successful research project experiences. They also start writing a research paper.

Language of instruction: English
ECTS: 120
Oriented: Research
Duration: 2 years
Courses Location: IP Paris – Ecole polytechnique and ENSAE Paris


Educational objectives


The goal of this program is to provide an advanced training in economics at the highest international level with a strong emphasis on advanced quantitative methods for both theoretical and empirical analyses.

In the first year, students get acquainted with the most important analytical techniques used in economics. The training is mostly devoted to acquiring the most important tools in microeconomics, macroeconomics and econometrics through a complete core course training, as well as completing a research internship.

During the second year, students can specialize within a sub-area of economics. Fields of excellence at our CREST research center, and potential areas of specialization, include:
• Econometric theory
• Environmental and development economics
• Finance
• Game and decision theory,
• Industrial organization and digital economics,
• International economics,
• Labor economics,
• Macroeconomics,
• Public economics

Throughout the second year, students conduct a research project and write a master’s dissertation under the direction of a faculty member.


Program structure


• Preparatory course in Mathematics, Probability, and Statistics. 48 hours, late August and early September.

First semester (S1): Mandatory courses
• Microeconomics 1: Individual decision-making and market equilibrium, 8 ECTS, 4 hours of lecture + 1.5 hours of exercises each week.
• Macroeconomics 1: Economic Growth, 8 ECTS, 4 hours of lecture + 1.5 hours of exercises each week.
• Econometrics 1: The linear regression model and extensions, 6 ECTS, 2 hours of lecture + 2 hours of exercises each week.
• Introduction to Time series: 2 ECTS, 1,5 hours of lecture each week.

Second semester (S2): Mandatory courses
• Microeconomics 2: Strategic Interactions and Information, 8 ECTS, 4 hours of lecture + 1.5 hours of exercises each week.
• Macroeconomics 2: Business cycles, 8 ECTS, 4 hours of lecture + 1.5 hours of exercises each week.
• Econometrics 2: Nonlinear models, qualitative data, and panel methods, 8 ECTS, 2 hours of lecture + 2 hours of exercises each week.
• Project in economics, 4 ECTS
• Research internship 8 ECTS, 12 weeks minimum.

During the second year, students can specialize within a sub-area of economics.
Students have to choose courses totaling 40 ECTS:

Field courses (3 or 4 ECTS)
• Experiments in Economics and Social Sciences
• Theory of Industrial Organization
• Empirical Industrial Organization
• International Trade
• Macro-Finance
• Monetary Economics
• Environmental Economics
• Public Finance
• Political Economy
• Public Economics
• Labor Economics
• Microeconometric Evaluation of Public Policies
• Structural Econometrics of Education
• Macroeconometrics
• Corporate Finance Theory
• Asset pricing
• Decising-making under uncertainty

Specialized research courses (2 to 8 ECTS)
• Social Choice and Voting
• Consumer Economics and Pricing Strategies
• Competition Policy in Practice: Cases
• Applied Macroeconometrics
• Structural Macroeconomics
• Economics of Energy Markets
• Randomized Methods and Policy Evaluation
• Development Economics
• Urban Labor and Housing Markets
• Econometrics of Panel and Duration Data
• Machine Learning for Econometrics
• Banking and Financial Intermediation
• Digital Currencies and Blockchain
• Market Microstructure
• Empirical corporate finance
• Topics in Asset pricing
• Decision theory
• Dynamics of Information and Communication
• Advanced Decision Sciences
• Advanced microeconomics
• Advanced macroeconomics
• Advanced econometrics

Dissertation (20 ECTS)
Students start writing a research paper (master thesis of about 5,000 to 10,000 words) under the supervision of a faculty member. Fields of excellence at our CREST research center, and potential areas of specialization, include:
• Econometric theory
• Environmental and development economics
• Finance
• Game and decision theory,
• Industrial organization and digital economics,
• International economics,
• Labor economics,
• Macroeconomics,
• Public economics


Laboratories involved



Career prospects


The wide variety of courses, seminars, projects and internships proposed during the master offers the possibility, for every student, to build his/her own curriculum in economics. There are many job opportunities available immediately after the master, for instance in government agencies, international organizations, consulting, finance. Students may join PhD programs in international universities.


Institutional Partners


  • HEC Paris

Admissions


Application guidelines for a master’s program at IP Paris

Academic prerequisites

  • Bachelor in economics, mathematics or social sciences (or the equivalent). A GRE certificate is strongly recommended. This allows students to demonstrate the strength of their quantitative skills.
  • Students who have completed the first year of an equivalent program may exceptionally be directly admitted to the second year.

Language prerequisites

  • English Level B2 (Students who studied in English speaking Colleges are exempted).

Application timeline

Deadlines for the Master application sessions are as follows:
– First session: February 28, 2020
– Second session: April 30, 2020
– Third Session (optional): June 30, 2020 (only if there are availabilities remaining after the 2 first sessions)
Applications not finalized for a session will automatically be carried over to the next session.

You shall receive an answer 2 months after the application deadline of the session.
You can check your application status by logging in your candidate space.


Tuition fees


International master : EU students : 4250 euros / Non-EU students : 6250 euros


Contact


Email