Paris School of Economics

Paris School of Economics

École d'économie de Paris
PSE Logo
Motto	La science économique au service de la société
Motto in English	Economics serving society
Type	Public
Established	2006 as an independent institution1988 under a different name/institution
Chancellor	Jean-Pierre Danthine
Dean	Pierre-Yves Geoffard
Academic staff	145
Students	220
Postgraduates	180
Location	Paris, France
Campus	Urban
Website	parisschoolofeconomics.eu

The Paris School of Economics (PSE; French: École d'économie de Paris) is a French research institute in the field of economics. It proposes M.Phil., M.Sc., and Ph.D level programmes in various fields of theoretical and applied economics, including macroeconomics, econometrics, and international economics. The school is intended to participate in both the elaboration of sophisticated tools of economic analysis, and their application to policy at both the public and private level.^[1]

PSE is a brainchild of the École des Hautes Études en Sciences Sociales (where the students are enrolled primarily), the École Normale Supérieure and the École des Ponts, and it is physically located on the ENS campus of Jourdan in the 14th arrondissement of Paris. It was founded in 2006 as a coalition of universities and grandes écoles to unify high-level research in economics across French academia, and was first presided by economist Thomas Piketty. Since its foundation it has gained a certain amount of academic weight, and according to a ranking released by project RePEc in January 2016, it was ranked as the seventh-best university-level economics department in the world. Paris School of Economics' ranking has consistently risen since it was listed on the rankings on RePEc. ^[2]

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^[3]" (Scientific Research Foundations) a new type of foundation created by the Government 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^[4] 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.^[5]

History

The creation of the Paris School of Economics is the final chapter of the long gradual process of bringing together and finally merging a number of different research units in Economics. This process started at the end of the 1980s.^[6]

France's Prime Minister Dominique de Villepin (L), Finance Minister Thierry Breton (2nd L), Education Minister Gilles de Robien (2nd R) and Thomas Piketty, director of the Paris School of Economics (PSE), attend the inauguration of the school in Paris, February 22, 2007.

• 1988: Creation of DELTA, from the fusion of the Centre d’Économie Quantitative et Comparative of the École des Hautes Études en Sciences Sociales (EHESS) and the Laboratoire d’Économie Politique of the École Normale Supérieure (ENS). A number of different research centres joined DELTA at the Jourdan campus: the Laboratoire d’Économie Appliquée (LEA) of INRA (1998), the Laboratoire des Sciences Sociales of the ENS (1998), CEPREMAP(2001 - created in 1967) and finally CERAS (2002).
• 2005: Four of the Economics research centres of the Jourdan campus (DELTA, CERAS, and the two separate halves of Cepremap) merge to produce one single research centre, Paris-Jourdan Sciences Economiques (PSE).
• 2006: The research centres of the University of Paris 1 merge into one sole research centre, the Centre d’économie de la Sorbonne (CES). The Centre Maurice Halbwachs, which includes a number of different research centres in Sociology and Anthropology, moves onto the Jourdan campus.
• 2006: On December 21, a decree creates the Foundation of the Paris School of Economics. The school is inaugurated by the French Prime Minister : Dominique de Villepin. The director is Thomas Piketty and the President is Roger Guesnerie.
• 2007: After three years devoted to the creation of PSE, Thomas Piketty chooses to return to research and resigns as Director in April. The new Director is François Bourguignon, former Chief Economist at the World Bank.
• 2013: Pierre-Yves Geoffard is the named new PSE Director, right after François Bourguignon, Frabruary 1. PSE President is Roger Guesnerie.
• 2015: September 3, Roger Guesnerie, professor at the Collège de France and president of PSE since its creation in December 2006, has left office. Jean-Pierre Danthine, former vice-president of the Swiss National Bank, replaces him at the head of the institution.
• 20 December 2016: PSE celebrates its 10-year Anniversary^[7]

Degree programs

The foundation offers teaching through three Master programmes (APE, ETE and PPD) and a PhD programme (within EDE-EPS).

Master's program

Master APE: Analysis and Policy in Economics

Paris School of Economics' APE program in particular drew wide attention nationally when 7 of the 25 Top Young Economists listed by IMF were revealed to hold APE degree. ^[8] The graduate program Analysis and Policy in Economics (APE)^[9] offers high-level, research-oriented courses in theoretical and applied economics. The APE programme is jointly organized by French academic institutions like the École des Hautes Études en Sciences Sociales (EHESS), the École Normale Supérieure (ENS), the École Nationale de la Statistique et de l'Admiministration Économique (ENSAE), and the École des Ponts ParisTech (ENPC).

Master ETE: Empirical and Theoretical Economics

The ETE graduate program "Theory and Empirical Methods in Economics" of University Paris 1 Panthéon Sorbonne in the Paris School of Economics selects around 60 students to offer them research-based teaching through activities in microeconomics, macroeconomics, econometrics and international economics.^[10] Beginning in fall 2016, the ETE program is merged with the APE program.

Master PPD: Public Policy and Development

This program aims to prepare students to become experts in designing, analysing and evaluating public policies in both developed and developing countries. It combines training in analytical and quantitative economic methods with an emphasis on both policy and practice. It is jointly organized by French academic institutions like the École des Hautes Études en Sciences Sociales (EHESS), the École Normale Supérieure (ENS), and the École des Ponts ParisTech (ENPC).

PhD program

The doctoral programme lasts in average 3 years during which students write their thesis within one of PSE laboratories. This programme is organized within the École Doctorale d’Économie (ED465) that gathers research teams in Economics and related fields (applied mathematics, statistics, sociology) of the University Paris 1, EHESS, ENS and ENPC. During their PhD, students have access to the exchange programs of the Paris School of Economics to expand their work.^[11]

PSE in international rankings

Its contributory economics faculties, including the Ecole Normale Superieure, École des Hautes Études en Sciences Sociales, the Ecole Polytechnique and ENSAE, are ranked between the top 13 among 53 departments worldwide by publication output of the top five scholars.^[12] According to the global economics departments ranking released in December 2016 by RePEc, Paris School of Economics was ranked at 7 worldwide, 2nd in Europe, 1st in France.^[13]

International partnerships

NYU Provost David McLaughlin (middle); Ron Robin, NYUAD Senior Vice Provost, Francois Bourguignon, Paris School of Economics director

The Paris School of Economics has exchange students programs with some universities such as New York University^[14] or Berkeley University.^[15] It is also member of many exchange networks :

• Economic Behavior and Interaction Models (EBIM): Bielefeld University
• European Doctorate in Economics Erasmus Mundus (EDEEM): Amsterdam University, Bielefeld University, Lisbon University, Leuven University, Venice University
• Programme doctoral européen en économie quantitative (EDP): Florence University, London School of Economics (LSE), Bonn University, Leuven University, Tel-Aviv University, Pompeu Fabra University
• Policy Design and Evaluation Research in Developing Countries (PODER): Bocconi University, London School of Economics (LSE), Stockholm University, Namur University, Pompeu Fabra University, Cape Town University
• Quantitative Economics Doctorate (QED): Alicante University, Amsterdam University, Bielefeld University, Copenhagen University, Lisbon University, Venice University, Vienna University

Alumni

• Esther Duflo (MIT)
• Gilles Duranton (University of Pennsylvania)
• Emmanuel Farhi (Harvard University)
• Xavier Gabaix (New York University)
• Pierre-Olivier Gourinchas (University of California, Berkeley)
• Thierry Magnac (Toulouse School of Economics)
• Thomas Philippon (New York University)
• Thomas Piketty (Paris School of Economics)
• Helene Rey (London Business School)
• Patrick Rey (Toulouse School of Economics)
• Emmanuel Saez (University of California, Berkeley)
• Benoît Cœuré (European Central Bank)

Scientific council

• Francesco Billari (Nuffield College Oxford University)
• Jess Benhabib (New York University)
• Pierre-André Chiappori (Columbia University)
• Rodolphe Dos Santos (University of Strasbourg)
• Marion Fourcade (University of California, Berkeley)
• Jordi Gali (CREI Barcelona, University of Pompeu Fabra)
• Duncan Gallie (Nuffield College Oxford University)
• Oliver Hart (Harvard University)
• Naomi Lamoreaux (Yale University)
• Costas Meghir (Yale University)
• Daniel McFadden (University of California, Berkeley)
• Sir James Mirrlees (Chinese University of Hong Kong)
• Patrick Rey (Université de Toulouse)
• Dani Rodrik (Kennedy School of Government of Harvard)
• Roy Wong Bin (UCLA)

See also

• Abdul Latif Jameel Poverty Action Lab
• Labex Refi

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

Coordinates: 48°49′20.8″N 2°19′52.4″E / 48.822444°N 2.331222°E / 48.822444; 2.331222