Syllabus overview (public)

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Programme Master in Management
Academic Year Academic Year 2021/2022
Module/course Code OP97
Delivery location Paris
Language English
Course type Specialisation
Contact hours 120
ECTS M1 before 2020 16
ECTS M1 from 2020 20
Semester Spring
Module name Economics and Public Policy
Field (Discipline) Economics
Academic Department Law Economics and Humanities


Module/course Summary

The Economics and Public Policy specialization prepares ESCP students for careers as economists in public (e.g. Treasuries, central banks), private (e.g. banks) and international (e.g.IMF) institutions, consultants and/or further studies in the economic field. Any students interested in understanding the economics of the world they live in could also be tempted by this specialization.

Students will acquire a deep understanding on several important topics of economics. The specialization indeed covers (i) international economics with a focus on macroeconomic concepts, including exchange rate regimes, trade policy as well as financial and sustainability issues, (ii) monetary policy which presents central banks’ instruments and strategies and the channels of transmission of monetary policies to the banking system, the financial market and the real economy. This course encompasses the conventional and so-called unconventional instruments of monetary policy and their expected effects on the economy.

The specialization also includes a course on sustainable public policy which addresses, among other topics, taxation, government debt, market failures, social security and the role of institutions. In Firms’ Strategy: the Industrial Organization approach, students investigate several economic aspects of the firm’s strategic decisions including network effect, auctions, innovation and R&D spillovers. Last but not least, students will study machine learning and econometrics and will have the opportunity to apply economic theory to the data. Under the guidance of professors, they will work on a project, in their economic field of interest, and will pursue data mining and assessment of impacts.


Students must have had training in Microeconomics and Macroeconomics, either
through their PMY year at ESCP, with the ESCP catch-up courses or if they had done the
fundamentals of economics in another program before joining ESCP.
Requisite: Topics in Economics