PhD Track in Economics
The PhD Track in Economics consists of the first two years (coursework period) of a five-year PhD program in Economics. Courses are entirely taught in English. It is aimed at 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 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 will follow advanced methodological courses, and specialize in subfields of economics. By the end of that year, they should be at the research frontier within their main area of specialization and have gained successful research experience. They also write a first research paper for their PhD thesis.
At the end of the second year, students who has achieved sufficiently good grades, have written a research proposal and found a potential PhD supervisor within CREST may progress to the dissertation period (three years) of the PhD program. Progress is conditional on securing funding and IP Paris and CREST will do their best to help candidate to obtain such funding (e.g., IP Paris provides a limited number of three-year doctoral fellowships). During the second year of the program, students who specialize in financial economics or economic theory and decision sciences may also apply to the PhD program at HEC Paris.
Language of instruction: English
Duration: 2 years (coursework period, followed by the three-year dissertation phase)
Courses Location: IP Paris – Ecole polytechnique, ENSAE, and HEC Paris
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, the PhD track offers dedicated advanced courses in microeconomics, macroeconomics and econometrics. Students also specialize by selecting field and specialization courses in a variety of sub-areas of economics. In some of these courses, they hand in supplementary work based on study of academic literature and on personal research. Fields of excellence at our CREST research center (and HEC Paris research group), and potential areas of specialization, include:
- Econometric theory,
- Environmental and development economics,
- Game and decision theory,
- Industrial organization and digital economics,
- International economics,
- Labor economics,
- Public economics.
Throughout the second year, students will regularly spend time within the research centers and will be allocated an individual advisor among the program faculty. They regularly attend CREST research seminars, conduct a research project and write a master’s dissertation under the supervision of a faculty member.
Involved IP Paris Labs: CREST
The program prepares students to start their doctoral dissertation at the end of the second year. Although the program is mainly designed as the coursework period of the PhD program, some students may decide, at the end of the two years, to look for job opportunities. Given the wide variety of courses, seminars, projects and internships proposed during the master; there are many job opportunities available, for instance in government agencies, international organizations, consulting, finance. Students may also prefer to join PhD programs in other international universities.
Institutional partners: HEC Paris
Tuition fees: students are exempted of the 6 000 euros annual fees and may apply for supplementary funding. More details on https://www.ip-paris.fr/phd-track-in-economics/.