The Paris School of Economics (PSE; French: ''École d'économie de Paris'') is a French

research institute A research institute, research centre, research center or research organization, is an establishment founded for doing research. Research institutes may specialize in basic research or may be oriented to applied research. Although the term often i ...

in the field of

economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

. It offers MPhil, MSc, and PhD level programmes in various fields of theoretical and applied economics, including

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

econometrics Econometrics is the application of Statistics, statistical methods to economic data in order to give Empirical evidence, empirical content to economic relationships.M. Hashem Pesaran (1987). "Econometrics," ''The New Palgrave: A Dictionary of ...

political economy Political economy is the study of how Macroeconomics, economic systems (e.g. Marketplace, markets and Economy, national economies) and Politics, political systems (e.g. law, Institution, institutions, government) are linked. Widely studied ph ...

and

international economics International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and ...

. PSE is a brainchild of the

École des Hautes Études en Sciences Sociales The School for Advanced Studies in the Social Sciences (french: École des hautes études en sciences sociales; EHESS) is a graduate ''grande école'' and '' grand établissement'' in Paris focused on academic research in the social sciences. The ...

(EHESS, where the students are enrolled primarily), the

École Normale Supérieure École may refer to: * an elementary school in the French educational stages normally followed by secondary education establishments (collège and lycée) * École (river), a tributary of the Seine flowing in région Île-de-France * École, Savoi ...

, the École des Ponts and

University of Paris 1 Pantheon-Sorbonne A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, th ...

, and it is physically located on the ENS campus of ''Jourdan'' in the 14th ''arrondissement'' of

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

. It was founded in 2006 as a coalition of universities and ''

grandes écoles Grandes may refer to: * Agustín Muñoz Grandes, Spanish general and politician *Banksia ser. Grandes, a series of plant species native to Australia * Grandes y San Martín, a municipality located in the province of Ávila, Castile and León, Spain ...

'' to unify high-level research in economics across French academia, and was first presided by economist

Thomas Piketty Thomas Piketty (; born 7 May 1971) is a French economist who is Professor of Economics at the School for Advanced Studies in the Social Sciences, Associate Chair at the Paris School of Economics and Centennial Professor of Economics in the I ...

. Since its foundation it has gained a certain amount of academic weight, and according to a ranking released by project RePEc in May 2020, it was ranked as the fifth-best university-level economics department in the world and first in Europe. Paris School of Economics' ranking has consistently risen since it was listed on the rankings on RePEc.

Status

Created in December 2006, the Paris School of Economics has the status of ''fondation reconnue d’utilité publique'' (a Public interest foundation). This status allows PSE to draw on both public and private funding. PSE is one of the "Fondation de Coopération Scientifique" (Scientific Research Foundations), a new type of foundation created by the

Government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

to develop centres of excellence in France. Scientific Research Foundations operate according to the same rules as Public interest foundations. * The Paris School of Economics is administered by a

Board of Directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

consisting of representatives of the public and private partners, researchers, and outside personalities. * The Scientific Council consists of international researchers, external to PSE, of whom at least 50% work abroad. The Scientific Council evaluates the quality of both current and proposed teaching and research programmes. 3 Nobel Prizes laureates are members of the PSE Scientific Council.

Degree programs

The foundation offers teaching through four Master programmes (APE, PPD, EDCBA, and Economics & Psychology) and a PhD programme (within EDE-EPS).

Master's programs

*Master APE: Analysis and Policy in Economics *Master PPD: Public Policy and Development *Master EDCBA: Economic Decision and Cost-Benefit Analysis *Master Economics and Psychology

PSE in international rankings

Its contributory economics faculties, including the Ecole Normale Superieure,

, the Ecole Polytechnique and ENSAE, are ranked between the top 13 among 53 departments worldwide by publication output of the top five scholars. According to the global economics departments ranking released in May 2020 by RePEc, Paris School of Economics was ranked at 5th worldwide, 1st in Europe.

International partnerships

The Paris School of Economics has exchange students programs with some universities such as

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the ...

or the

University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant u ...

. It is also member of many exchange networks : * Economic Behavior and Interaction Models (EBIM):

Bielefeld University Bielefeld University (german: Universität Bielefeld) is a university in Bielefeld, Germany. Founded in 1969, it is one of the country's newer universities, and considers itself a "reform" university, following a different style of organization ...

* European Doctorate in Economics Erasmus Mundus (EDEEM):

Amsterdam University The University of Amsterdam (abbreviated as UvA, nl, Universiteit van Amsterdam) is a public research university located in Amsterdam, Netherlands. The UvA is one of two large, publicly funded research universities in the city, the other being ...

Lisbon University The University of Lisbon (ULisboa; pt, Universidade de Lisboa, ) is a public research university in Lisbon, and the largest university in Portugal. It was founded in 2013, from the merger of two previous public universities located in Lisbon, t ...

, University of Louvain, Venice University * Programme doctoral européen en économie quantitative (EDP): Florence University, London School of Economics (LSE), Bonn University, Leuven University,

Tel-Aviv University Tel Aviv University (TAU) ( he, אוּנִיבֶרְסִיטַת תֵּל אָבִיב, ''Universitat Tel Aviv'') is a public research university in Tel Aviv, Israel. With over 30,000 students, it is the largest university in the country. Loc ...

Pompeu Fabra University Pompeu Fabra University ( ca, Universitat Pompeu Fabra, UPF, ; es, link=no, Universidad Pompeu Fabra) is a public university located in the city of Barcelona, Catalonia in Spain. The university was created by the Autonomous Government of Catalo ...

* Policy Design and Evaluation Research in Developing Countries (PODER):

Bocconi University Bocconi University ( it, Università Commerciale Luigi Bocconi, ) is a private university in Milan, Italy. Bocconi provides education in the fields of economics, finance, law, management, political science, public administration and computer sci ...

, London School of Economics (LSE),

Stockholm University Stockholm University ( sv, Stockholms universitet) is a public research university in Stockholm, Sweden, founded as a college in 1878, with university status since 1960. With over 33,000 students at four different faculties: law, humanities, so ...

, Namur University,

, Cape Town University * Quantitative Economics Doctorate (QED):

Alicante University The University of Alicante ( ca-valencia, Universitat d'Alacant, italic=no, ; es, Universidad de Alicante, italic=no, ; also known by the acronym ''UA'') was established in 1979 on the basis of the Center for University Studies (CEU), which was fo ...

Copenhagen University The University of Copenhagen ( da, Københavns Universitet, KU) is a prestigious public research university in Copenhagen, Denmark. Founded in 1479, the University of Copenhagen is the second-oldest university in Scandinavia after Uppsala Unive ...

, Venice University,

Vienna University The University of Vienna (german: Universität Wien) is a public university, public research university located in Vienna, Austria. It was founded by Rudolf IV, Duke of Austria, Duke Rudolph IV in 1365 and is the oldest university in the Geogra ...

The World Inequality Report 2018 compiled by Facundo Alvaredo, Lucas Chanel,

Emmanuel Saez Emmanuel Saez (born November 26, 1972) is a French, naturalized American economist who is Professor of Economics at the University of California, Berkeley. His work, done with Thomas Piketty and Gabriel Zucman, includes tracking the incomes of t ...

, and

Gabriel Zucman Gabriel Zucman (born 30 October 1986) is a French economist who is currently an associate professor of public policy and economics at the University of California, Berkeley‘s Goldman School of Public Policy. The author of '' The Hidden Wealth o ...

"This report emphasizes recent research articles written by: Facundo Alvaredo Lydia Assouad Anthony B. Atkinson Charlotte Bartels Thomas Blanchet Lucas Chancel Luis Estévez-Bauluz Juliette Fournier Bertrand Garbinti Jonathan Goupille-Lebret Clara Martinez-Toledano Salvatore Morelli Marc Morgan Delphine Nougayrède Filip Novokmet Thomas Piketty Emmanuel Saez Li Yang Gabriel Zucman" was released on 14 December 2017 at the Paris School of Economics during the first WID.world Conference held on 14 December and 15 December, which was sponsored by the Paris School of Economics, the

Institute for New Economic Thinking The Institute for New Economic Thinking (INET) is a New York City–based nonprofit think tank. It was founded in October 2009 as a result of the 2007–2012 global financial crisis, and runs a variety of affiliated programs at major universitie ...

(INET), the Washington Center for Equitable Growth (CEG), the

Ford Foundation The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. Created in 1936 by Edsel Ford and his father Henry Ford, it was originally funded by a US$25,000 gift from Edsel Ford. By 1947, after the death ...

, and the

European Research Council The European Research Council (ERC) is a public body for funding of scientific and technological research conducted within the European Union (EU). Established by the European Commission in 2007, the ERC is composed of an independent Scientific ...

. World Wealth and Income Database (WID), an open source database, which is part of an international collaborative effort of over a hundred researchers in five continents. The WID is an extension of the earlier World Top Incomes Database (WTID).

Alumni

Esther Duflo Esther Duflo, FBA (; born 25 October 1972) is a French–American economist who is a professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abd ...

(

MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...

), 2019

Nobel Memorial Prize in Economic Sciences The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...

Laureate, 2010

John Bates Clark Medal The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge." The award is named after the ...

Laureate * Gilles Duranton (

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

) *

Emmanuel Farhi Emmanuel Farhi (8 September 1978 – 23 July 2020) was a French economist and professor of economics at Harvard University. His research focused on macroeconomics, taxation and finance. He was a member of the French Economic Analysis Council to t ...

(

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...

) *

Xavier Gabaix Xavier Gabaix (born August 1971) is a French economist, currently the Pershing Square Professor of Economics and Finance at Harvard University. He has been listed among the top 8 young economists in the world by ''The Economist''. He holds a B.A. ...

(

) *

Pierre-Olivier Gourinchas Pierre-Olivier Gourinchas is a French economist who currently works as S.K. and Angela Chan Professor of Management at the University of California, Berkeley, where he also directs the Clausen Center for International Business and Policy and is af ...

(

) * Thierry Magnac (

Toulouse School of Economics Toulouse School of Economics (TSE; french: École d'économie de Toulouse) is a school of economics, affiliated with Toulouse 1 Capitole University, a constituent college of the Federal University of Toulouse Midi-Pyrénées. It is located in t ...

) *

Thomas Philippon Thomas Philippon (born May 1974) is a French economist and professor of finance at the New York University Stern School of Business. Career Philippon earned a Master of Arts, MA in Physics in 1997 from École Polytechnique, a Master in Economics i ...

(

) *

(Paris School of Economics), author of ''

Capital in the Twenty-First Century ''Capital in the Twenty-First Century'' (french: Le Capital au XXIe siècle) is a book written by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the United States since the 18th century. It was initially ...

'' * Helene Rey (

London Business School London Business School (LBS) is a business school and a constituent college of the federal University of London. LBS was founded in 1964 and awards post-graduate degrees (Master's degrees in management and finance, MBA and PhD). Its motto is " ...

) * Patrick Rey (

) *

(

), 2009

Laureate *

Benoît Cœuré Benoît Georges Cœuré (; born 17 March 1969) is a French economist who has been serving as President of the ''Autorité de la concurence'' since 2022. He previously served as a member of the Executive Board of the European Central Bank from 20 ...

(

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...

) *

(

)

Scientific council

Francesco Billari Francesco C. Billari (born 13 October 1970) is an italian sociologist and demographer, and the Rector of Bocconi University in Milan, as well as Professor of Demography in the Department of Social and Political Sciences Biography He graduate ...

( Nuffield College Oxford University) * Jess Benhabib (

) *

Pierre-André Chiappori Pierre-André Chiappori is a French-Monégasque economist currently E. Rowan and Barbara Steinschneider Professor of Economics at Columbia University. His research focuses on household behavior, general equilibrium and mathematical economics. ...

(

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

) * Rodolphe Dos Santos (

University of Strasbourg The University of Strasbourg (french: Université de Strasbourg, Unistra) is a public research university located in Strasbourg, Alsace, France, with over 52,000 students and 3,300 researchers. The French university traces its history to the ea ...

) *Marion Fourcade (

) * Jordi Gali (CREI Barcelona, University of Pompeu Fabra) *Duncan Gallie ( Nuffield College Oxford University) * Oliver Hart (

) *

Naomi Lamoreaux Naomi Raboy Lamoreaux (born 1950) is an American economic historian, specializing in US business and technological history. She is the Stanley B. Resor Professor of Economics and History of Economics and History at Yale University and an emeritu ...

(

Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...

) *

Costas Meghir Konstantinos "Costas" Meghir ( el, Κωνσταντίνος (Κώστας) Εκτώρ Δημήτριος Μεγήρ, transcr. ''Konstantinos Ektor Dimitrios Meghir'', born February 13, 1959) is a Greek-British economist. He studied at the Universi ...

(

) *

Daniel McFadden Daniel Little McFadden (born July 29, 1937) is an American econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman. McFadden's share of the prize was "for his development of theory and methods for analyzi ...

(

) *Sir

James Mirrlees Sir James Alexander Mirrlees (5 July 1936 – 29 August 2018) was a British economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in the 1997 Birthday Honours. Early life and education Born in Minnigaf ...

(

Chinese University of Hong Kong The Chinese University of Hong Kong (CUHK) is a public research university in Ma Liu Shui, Hong Kong, formally established in 1963 by a charter granted by the Legislative Council of Hong Kong. It is the territory's second-oldest university and ...

) * Patrick Rey ( Université de Toulouse) *

Dani Rodrik Dani Rodrik (born August 14, 1957) is a Turkish economist and Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University. He was formerly the Albert O. Hirschman Professor of th ...

(

Kennedy School of Government The Harvard Kennedy School (HKS), officially the John F. Kennedy School of Government, is the school of public policy and government of Harvard University in Cambridge, Massachusetts. The school offers master's degrees in public policy, public ...

Harvard Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...

) *Roy Wong Bin (

UCLA The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California. UCLA's academic roots were established in 1881 as a teachers college then known as the southern branch of the California St ...

)

References

External links

Paris School of Economics official website

"APE: Analyse et Politique Economiques" Graduate Program of PSE

"PPD: Public policy and development" Graduate Program of PSE
{{Authority control Economics schools Universities and colleges in Paris Educational institutions established in 2006 2006 establishments in France