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, as well as other threats. among other.

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, for a minimum of one third of the total course hours.took box: 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.
• Global risks can jeopardize the functioning, stability, and prosperity of communities, companies, and organizations, and pose existential threats. The aim of this Master is to provide students with the methods and tools that put them in a position to work on a broad scope of risks, to be operational when confronting new threats outside known and conventional risks, and to be of value for a large array of companies and organizations (see skills and career opportunities).

Courses are taught in English by TSE faculty members with outstanding international reputation in finance, risk management, macroeconomics, econometrics, data science, microeconomics of decisions, environmental economics, and other fields. Due to the broad nature of knowledge and the multiple skills required of successful risk professionals and economists, the Master is highly transversal across fields in economics, and also exposes students to other disciplines including environmental science and epidemiology. The course training is completed with an empirical project related to global risks.