The Master in Economics is a two-year research master, entirely taught in English, that offers advanced training in economics through coursework and supervision by faculty. It bears a strong emphasis on quantitative economics, and consists of the first two-years of a five-year PhD program. Completion of the Master in Economics prepares students to the research part of the Ph.D. program. It is thus intended for students with a strong desire for research in quantitative economics.
The program heavily relies on advanced quantitative methods for both theoretical and empirical analysis. During the first year, students take an introductory course in mathematics and statistics and advanced core courses in microeconomics, macroeconomics and econometrics. They also engage in research projects individually or in small groups 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 (finance, games and decision theory, industrial economics, macroeconomics, international economics, public economics, labor economics, and econometric theory). 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 (master thesis of about 5,000 to 10,000 words) under the supervision of a faculty member.
The goal of this two-year 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 such as financial economics, markets and industrial organization, labor economics and public policies, political economy and public finance, data science and econometrics, macroeconomics, international trade and globalization, economic theory, game theory and decision sciences.
Advanced core courses in micro, macro and econometrics as well as a wide range of field specialization courses designed to allow students to acquire specialized knowledge in different domains of current economics research are offered., Throughout the second year, students conduct a research project and write a master’s dissertation under the direction of a faculty member.
First Year (M1)
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, 6 ECTS, 4 hours of lecture + 1.5 hours of exercises each week.
- Macroeconomics 1: Economic Growth, 6 ECTS, 4 hours of lecture + 1.5 hours of exercises each week.
- Econometrics 1: Linear models, Instrumental Variables, Time Series 6 ECTS, 2 hours of lecture + 2 hours of exercises each week.
– Project in Economics, 8 ECTS
– Second semester (S2): Mandatory courses
- Microeconomics 2: Strategic Interactions and Information, 6 ECTS, 4 hours of lecture + 1.5 hours of exercises each week.
- Macroeconomics 2: Business cycles, 6 ECTS, 4 hours of lecture + 1.5 hours of exercises each week.
- Econometrics 2: Nonlinear models, qualitative data, and panel methods 4 ECTS, 2 hours of lecture + 2 hours of exercises each week.
- Optional courses: Topics in economics, 2 ECTS
- Research internship 12 ECTS, 12 weeks.
Second Year (M2)
– Advanced Methodological Courses for PhD – 2 courses among:
- Advanced Microeconomics, 36h, 6 ECTS
- Advanced Macroeconomics, 36h, 6 ECTS
- Advanced Econometrics, 48h, 6 ECTS
– Core field and specialized courses (18 hours, S3 or S4, 3 or 4 ECTS)
Under faculty supervision, students establish an academic project and select core field courses according to their research plan. PhD-Track students hand in supplementary work based on study of academic literature and on personal research. Fields of excellence at our CREST research center, and potential areas of specialization, include:
- Econometric theory
- Environmental and development economics
- Game and decision theory
- Industrial economics
- International economics
- Labor economics
- Public economics
– 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.
- PhD in Economics at IP Paris or in other international universities
- Government agencies
- International organizations
INVOLVED IP PARIS LABORATORIES
- HEC Paris
The internship program at the end of the first-year gives students an opportunity to apply their quantitative skills and knowledge to real-life problems at well-known national and international institutions, companies, and organizations. Examples of such institutions having hired interns in the past include BNP-Paribas, EDF, Lafarge, the IMF, the World Bank, the OECD, DG Trésor, etc. Our department also has long-term research partnerships with EDF, AXA, Deloitte, Société Générale, etc.
- Admission to the first year (M1) of the master’s program: applicants are required to have completed a BA in economics, mathematics or social sciences (or the equivalent) at the start of the M1.
- Students who have completed the first year of an equivalent program may exceptionally be directly admitted to the second year.
- A certificate of competence in English (TOEFL, IELTS, TOEIC, Cambridge ESOL) Level B2
(Students who studied in English speaking Colleges are exempted).
List of documents
- A CV
- A photocopy of your ID
- A photocopy of your transcripts (Translated into English or into French for foreign candidates)
- A GRE certificate is strongly recommended. This allows students to demonstrate the strength of their quantitative skills
- A certificate of competence in English (TOEFL, IELTS, TOEIC, Cambridge ESOL)* (Students who studied in English speaking Colleges are exempted)
- A cover letter.
- Two reference letters.
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