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Master in Economics of Global Risks

Toulouse School of Economics
2 years
Master's degree
Scholarships available
On campus
Toulouse
English
Fall

Program description

Master in Economics of Global Risks

In the 1st year, students attend a rigorous academic program in the different economic disciplines and quantitative techniques for social sciences. The common core courses allow them to deepen their knowledge and the elective courses allow students to build up their career plans, taking into account the specializations in the second year of the master’s programs.

In the 2nd year, the Master in Economics of Global Risks aims at offering courses that equip students with the fundamental approaches in economics, the methodological tool box, and insights about the nature of global risks that they need to know as future risk professionals that prepare companies, organizations and communities for new sources of threats. These global risks include climate change, human impact on biodiversity and other threats to the natural environment, pandemics, financial and macroeconomic crises, cyber risks, terrorism, among others.

The course program is built on the three pillars:

  • Fundamental approaches in economics courses: these include covering macroeconomics, finance, asset pricing, risk management, insurance, economics of decisions, and enterprise risk management.
  • Methodology courses: Students will acquire tools in econometrics and empirical analysis combined with strong skills in using large data sets needed to perform quantitative analyses and projections of risk scenarios. They will also learn economic techniques in cost-benefit analysis, actuarial science and risk management that they need as risk professionals and economists forecasting, analyzing, evaluating risks and uncertain scenarios. These courses cover a minimum of one third of the total course hours.
  • Understanding Global Risks: a core element of the Master will be a multi-disciplinary sequence of topical introductions to major risks, including climate change, biodiversity and other threats to the natural environment, pandemics, financial and macroeconomic crises, cyber risks, terrorism, and political stability risks. Some of the topics (climate change and biodiversity) will be organized as a joint course with the Master Economics and Ecology. These topical introductions cover a minimum of one quarter and up to one third of the course hours, depending on the choice of electives.
  • A practical implementation of these lessons during an internship in a company or an administration facing or managing a type of global risk.

Admission requirements

Admission First year

  • Aimed at English speakers
  • Students should hold a BSc in Economics within a recognized curriculum considered as consistent with the program and approved by the TSE selection committee.

Admission Second year

  • Admission is based on academic excellence criteria.
  • Applicants from the French system must have passed the TSE International track Master 1 (1st year Master’s) in Economics or another French University master in Applied Mathematics or an equivalent degree (e.g., engineering school,…).
  • For foreign degree holders, the required degrees are either a BSc, M.A., or MSc, within a recognized curriculum regarded as consistent with the program and approved by the TSE Selection Committee. Some brushing-up in Economics or Maths might be advisable in some cases. Working knowledge of English is obviously required.

For more information about admission requirements, please visit the institute website.


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Program content

First Year

SEMESTER 1

  • Game Theory
  • Theory of Incentives
  • Macroeconomics
  • Intermediate Econometrics
  • Applied Econometrics
  • R programming
  • Professional Development
  • French as a Foreign Language

SEMESTER 2

  • Public economics
  • Applied Econometrics
  • Program Evaluation

Second Year

SEMESTER 3

  • Understanding Global Risks
  • Macroeconomics of Risks
  • Finance and Quantitative Risk Analysis
  • Economics of Decisions and Enterprise Risk Management
  • Econometric Methods for Empirical Economics
  • Time Series and Economic Forecasting

SEMESTER 4

  • Understanding Global Risks
  • Long-Term Asset Pricing
  • Cost-Benefit-Analysis
  • Financial Econometrics
  • Scoring
  • Extreme Value Analysis

Scholarships & funding

Several scholarship options are available. Please check the institute website for more information.

Tuition fees

Tuition Fees: 5500 euros/year

Career opportunities

The Master in Economics of Global Risks aims to train economists and risk professionals who can work in risk analysis, evaluation and in strategic functions, for example in the office of the Chief Risk Officer in companies and financial institutions. Their role is to anticipate risks, evaluate risk exposures, mitigate and prevent threats, enhance resilience, and guide the management response when shocks occur.

Economists and risk professionals with the transversal skills acquired in the Master in Economics of Global Risks will work for companies, consultancies, intermediaries, organizations, and government institutions that strive to prepare for anticipated and unexpected shocks and frictions, large and small. The anticipation and management of risks are the prerogative of forward-looking firms and institutions that understand the threat potential of seemingly faraway or low-probability contingencies, but also the powerful competitive and strategic advantage of enhanced resilience and risk preparation. Employers interested in the profile of graduates of the Master in Economics of Global Risks include insurers, insurance brokers and re-insurance companies, banks and asset managers, companies in energy, infrastructure and logistics, manufacturers and suppliers of essential goods such as food, mobility services, and networks, consulting firms in strategy and in economic analysis, public bodies like central banks, regulators, public health authorities, multinational organizations in finance and economic development, companies in security, information technology and public health, and non-profit organizations.

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About this institute

Toulouse School of Economics

Toulouse School of Economics is a world-leading centre for research and higher education, chaired by Nobel Prize Laureate Jean Tirole and the economics department of Toulouse Capitole University. TSE offers world-class undergraduate and graduate programs delivered by renowned researchers. TSE's...


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Why study at Toulouse School of Economics

Toulouse School of Economics offers high-quality teaching in economics with high employability rates in a very international atmosphere.

Contact info

Toulouse School of Economics

1 Esplanade de l'Université
31080 Toulouse Cedex 06
France

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www.tse-fr.eu

Contact school

Want to know more about Master in Economics of Global Risks? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.

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