Master & PhD in Economics
Institut Polytechnique de Paris

Master in Economics

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


Educational objectives of the track/M1/M2

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

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, 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.

Second Year (M2)

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 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

Involved IP Paris Labs: CREST

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

Industrial partners: 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.

Tuition fees: International Master: EU students: 4250 euros / Non-EU students: 6250 euros.

Admissions

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