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Economic theory and models play a crucial role in the
development and evaluation of public policy. However,
many policymakers, analysts, and key decision makers
lack formal training in economics, leaving them with a
limited understanding of the economic frameworks that
inform policy decisions and compelling them to rely on
professional economists for insights.
The eight-week Economics for Public Policy online
certificate course is designed to equip you with a solid
foundation in the economic models and theories relevant
to public policy, empowering you to become literate
consumers of economic data and apply economic
reasoning to real-world policy challenges with confidence.
The course covers fundamental micro- and macroeconomic
concepts, explores how and why governments intervene in
the market, and investigates how policies can influence
long-term economic development. You’ll gain insights from
professional policymakers and economists, as well as
investigate case studies that demonstrate the influence of
economic theory on policy outcomes. Throughout the course,
you’ll contribute to a collaborative learning environment by
exchanging ideas with peers and tutors in discussion forums.
By the end of the course, you’ll have established the
foundational knowledge required to navigate the
economics of public policy with confidence, as well
as the practical skills to analyze and design effective
public policies.
In addition, they learn how to develop the necessary tools
to conduct quantitative analysis of public policy, both in
theory and in practice. At the theoretical level first, by
discovering the array of modern econometric evaluation
methods, and by understanding the fundamental importance
of causality. At the practical level as well, in particular
through the training in statistical and coding softwares.
Students will be challenged to harness and hone these and
other professional skills through coursework that combines
a series of projects and analytical tasks, and complete their
core training with elective modules that further deepen
acquired skills or encourage them to discover new areas/
topics, as well as professional experiences through internship
or
apprenticeship.
The aim of the EPP stream is to prepare students for
national, European or international level careers in which
they will be able to demonstrate both their analytical rigour
and their understanding of transversal and interdisciplinary
issues.
Programme of the Economics
and Public Policy
The Economics and Public Policy stream is a four-semester
programme with three semesters of taught courses and a
fourth semester dedicated to external personal and/or
professional development.
The first semester focuses primarily on the acquisition of
and harmonisation of knowledge in foundational concepts
and skills in microeconomics, macroeconomics, mathematics,
quantitative/analytical methods and coding, as well as the
development of a cross-disciplinary understanding of how
economic policy is situated in the larger web of modern
policy-making.
Over these four semesters, the programme of the Economics
and Public Policy stream allows students to acquire, develop
and hone mastery in a number of theoretical and applied
subfields of
economics. A non-exhaustive list of these subfields:
- Microeconomics and competition economics
- Macroeconomics
- Applied policy evaluation and econometrics
- Behavioural policy
- Political economics
- International finance and economics
- History of economic policy
Students can also expect to garner expertise in a number
of specialised sectors, through access to electives from
other policy stream as well as a selection of in-stream
electives with intersectoral focus. A non-exhaustive list of
these sectoral collaborations:
- European competition policy
- European economic challenges
- Growth and innovation policy
- Monetary policy at the central bank levels and risk analysis
- Health and economics of the public sector
- Education policy
- Labour and employment policy
- Social policy and policies against discrimination and inequality
- Development economics
- Economics of sustainability
While we have no explicit entry prerequisites for the policy
stream, students are advised that a strong quantitative and
economics background, independent of knowledge of
analytical tools and coding, best places students to do
well in this policy stream. While by no means prohibitively
or exclusionary, please note that if you are interested
in the Economics and Public Policy stream, the
following mathematical and economic concepts
will be assumed to be acquired by the start of the
first semester during M1:
Calculus (definition of a function; limit and continuity;
derivatives and differentials; static optimization; integrating a
function; sums and series)
Matrices (matrix calculation; matrix transpose and inversion)
Statistics (sets; probabilistic models; conditional probabilities;
discrete, continuous and normal random variables; covariance)
Econometrics (ordinary least squares estimator)
Microeconomics (consumer and producer theory; market
failures; basic notions of game theory)
Macroeconomics (basic understanding of growth models;
business cycles; fiscal and monetary policies)
A compulsory math and coding camp in the week preceding
the first semester of M1 is designed to allow students to
refresh their knowledge of these notions but is by no
means a replacement to prior work on these
notions.
Students also have the option to take certain classes
offered by the School of Research from their second
semester onwards, if approved by the academic advisors
and according to space available. Nevertheless, it is
important to note that a doctoral dissertation cannot be
pursued at the School of Public Affairs; candidats who
wish to follow this path are invited to apply to the School
of Research directly.
Career opportunities after the economics
and public policy stream
Graduates from this policy stream pursue careers in a
variety of fields related to economic policy making in
governmental organizations, international organizations,
public agencies, development agencies, European institutions.
It also meets the needs of highly trained economists working
in the private sector, for instance in banking, audits/
consultancy, corporate sector, public-private partnerships,
or non-governmental organizations.
Public Policy and Economics
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