Course Content

Compulsory Core Courses provide the fundamental building blocks in economic analysis and empirical methods essential for understanding how to go about formulating, analyzing, solving and testing an economic problem. They also provide a thorough understanding of global macroeconomic issues.

Students follow the 5 mandatory core courses:

• Behavioral economics
• Econometrics
• Globalization and financial markets
• Industrial organization
• Seminars in macroeconomics

Electives allow students to design their own personal curriculum to suit their career objectives.

Business Economics

• Applied Contemporary Economics  
• Business cases in behavioral economics  
• Decision analysis for smart choices in business and beyond  
• Game theory  
• Strategic consulting

International Macroeconomics

• Country and sovereign risk analysis
• Macroeconomics of large public debts
• Macroeconomic analysis applied to financial markets
• Money, interest rate and monetary

Economics of Sustainable Development

• Economics of climate change
• Sustainable and responsible investing

Finance

• Climate change and bank risk management
• Economics and management of banks (taught in French)
• Financial cycles and crisis (taught in French)
• Financing decisions of firms
• Financial statement analysis
• Mergers and acquisitions
• Non-bank financial institutions . business practice, financial innovation, systemic risks
• Quantitative revolution in asset management
• Structured financing

Data Analytics

• Business analytics using Python
• Econometric tools for data analysis
• Introduction to data analytics using Python

The following courses are offered to students who have no background in economics:

• Microeconomics
• Macroeconomics
• Financial Economics.

Professional economists, top bank managers and consultancy firms are invited to give lectures on important current economic issues throughout the academic year.

Examples of conferences:

• Philippe Aghion : ‘The Theory of Growth’/‘Rethinking capitalism: The power of creative destruction’
• Patrick Artus (Global Chief economist at Natixis): ‘Deflation in the Euro Zone and Application to Monetary Policy’ / All that should be forgotten from traditional Macroeconomics’
• Corso Bavagnoli (Lazars) : ‘Investment banking: market and opportunities’
• Thierry Déau (CEO Meridiam) : ‘Infrastructure Financing and Current Trends’
• Jean-Christophe Mieszala (Director at McKinsey & Company) : ‘The economic and social cost of the energy transition‘ / The rapid growth of global balance sheet’
• M. Sami Rahal : 'Global Consulting Market Landscape'

Students have the opportunity to go on a study trip during the program, which includes company visits and networking events organized with HEC Alumni’s support.

Students are required to write a research paper during the program. 

The professional experience requirement is satisfied when the student completes a professional experience of at least 4 months in fields related to their coursework at HEC Paris. It is, however, important to stress that this professional experience may not be an internship per se.

Our policy at HEC Paris is that the best type of internship is a full-time job! We strongly encourage our students to look for permanent hiring as soon as the academic year starts.

As an international business school, HEC Paris welcomes students from all over the world. Almost one hundred nationalities live on the campus. It's a fantastic opportunity to discover other cultures and to share exceptional moments, and it's important that students can communicate as much as they wish.

HEC Paris Learning Center of Languages aims at helping students to learn or strengthen any language they would like, providing a wide range of I.T. and print resources.

Students do not need to speak French to enroll in the program as all core courses and most electives are offered in English. However, some knowledge of French can be useful to enjoy the full HEC experience, become professionally bicultural and optimize networking with French students and alumni. This is why HEC Paris offers optional French language classes.