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Economics, Data Analytics and Corporate Finance Master

 

 

PROGRAM DESCRIPTION

The Economics, Data Analytics and Corporate Finance track of Ecole Polytechnique’s Master of Science and Technology is a two-year course taught entirely in English. It provides students with essential skills for strategic decision-making in the corporate world.

The program combines three complementary disciplines that are usually taught separately at this level of study:

| Microeconomic analysis: The microeconomics component gives students the tools for learning about markets and strategic interactions within an ever-changing environment. Students focus on areas such as industrial organization, decision theory, market design, and digital economics, using the theoretical tools of game theory and microeconomic modelling.

| Corporate finance: This field deals with the analysis of corporate strategic decisions. Our students take classes in financial accounting, corporate finance, financial analysis, hedging techniques etc. They get to grips with various analytical techniques according to each subject, and tackle quantitative case studies.

| Data analytics: Gaining crucial knowledge in econometrics, statistics and big data, the program equips students with the skills to analyze and interpret data.

The three topics of the program will give you a skillset that you will be able to use in a changing industry, whether it is in finance, or industry where digital transformation is happening. A lot is going on in the field, and the program can give you valuable knowledge that you will be able to apply in the industry wherever you decide to work afterwards. Lucas, 2nd year student

Podcast about the Master in Economics, Data Analytics and Corporate Finance
with
Marie-Laure Allain, Program director, and Lucas, 2nd year student


ACADEMIC REQUIREMENTS

Following the École Polytechnique’s tradition of excellence in the applied sciences, the Economics, Data Analytics and Corporate Finance Master builds on your scientific training to provide an economics-based understanding of strategy and competition.

The program is primarily intended for students with a quantitative economics background, or with comprehensive mathematical training and an interest in economics. However, it is also open to students with a background in finance or in engineering. Above all, a good command of mathematics is crucial to follow the highly quantitative-based approach of this Master's program. We especially welcome students who are open to international opportunities, regardless of their chosen area of study.

See this page for further information about prerequisites.
 


Operating in a world of constant flux

With technology permeating every sector of the economy, the increasingly frantic pace of innovation can result in disruption at any level of industry. Corporate giants can suddenly find themselves on the decline, displaced by the meteoric rise of disruptive newcomers – see Uber and Airbnb’s similar impacts in their shake-up of the transport and hospitality sectors.

Disruption can come from many sources: a new market organization, new technologies, regulatory changes, to name a few. Whatever the context, however, technological innovation is never the single, straightforward cause. As markets transform, they also become more difficult to analyze using traditional methods – not to mention to navigate.

New market organizations, or markets that become more complex, tend to shake up established patterns. In two-sided markets, the age-old identification of user and customer no longer holds: this is the case, for instance, with Google relative to its users and advertisers. “Platform markets”, on the other hand, derive value from introducing a new intermediary between provider and customer, as seen with hotel booking sites or music streaming companies.

As for new technologies, they can revitalize an aging sector just as they may help spur an entirely new economy. The exploration and production industry provides an example of this with the recent shale gas revolution. Closer to home, 3D printing is full of untapped potential and may very well revolutionize our relationship with manufacturing by making “homemade” the new normal.

Economic, political and societal trends are another factor, especially when expressed through regulatory changes. European energy policy integration has broken up national monopolies and paved the way for the creation of new electricity spot and futures markets, for example. Similarly, supranational agreements on limiting emissions have had the same effect on carbon trading.

A multidisciplinary approach

Every one of these examples includes significant economic, business, strategic and operational components. The capacity to foresee such developments is essential for any corporate strategy aimed at meeting the challenges of the 21st century economy.

A sound basis for these strategies can be found in quantitative methods, such as statistics and econometrics, which can make sense of the high speed at which these new markets evolve and operate. They provide an approach better suited to analyze competitive environments under conditions of uncertainty, especially in the age of big data.

This is the foundation upon which the Economics, Data Analytics and Coporate Finance Graduate Degree is based, offering students the opportunity to embrace these new challenges head on.