Sciences Economiques

Master (2ème année) mention Économie parcours type Economics of Global Risks (EGR)

  • Niveau d'étude visé

    BAC +5

  • Diplôme

    Master (LMD)

  • Domaine(s) d'étude


  • Accessible en

    Formation initiale, Formation continue, VAE

  • Établissements

    Université Toulouse Capitole



In the 1st year, students attend a rigorous academic program in the different economic disciplines and quantitative techniques for social sciences. The common core courses allow them to deepen their knowledge and the elective courses allow students to build up their career plans, taking into account the specializations in the second year of the master’s programs.

In the 2nd year, the Master in Economics of Global Risks aims at offering courses that equip students with the fundamental approaches in economics, the methodological tool box, and insights about the nature of global risks that they need to know as future risk professionals that prepare companies, organizations and communities for new sources of threats. These global risks include climate change, human impact on biodiversity and other threats to the natural environment, pandemics, financial and macroeconomic crises, cyber risks, terrorism, as well as other threats. among other.

The course program is built on the three pillars:

  • Fundamental approaches in economics courses: these include covering macroeconomics, finance, asset pricing, risk management, insurance, economics of decisions, and enterprise risk management, for a minimum of one third of the total course hours.took box: Students will acquire tools in econometrics and empirical analysis combined with strong skills in using large data sets needed to perform quantitative analyses and projections of risk scenarios. They will also learn economic techniques in cost-benefit analysis, actuarial science and risk management that they need as risk professionals and economists forecasting, analyzing, evaluating risks and uncertain scenarios. These courses cover a minimum of one third of the total course hours.
  • Understanding Global Risks: a core element of the Master will be a multi-disciplinary sequence of topical introductions to major risks, including climate change, biodiversity and other threats to the natural environment, pandemics, financial and macroeconomic crises, cyber risks, terrorism, and political stability risks. Some of the topics (climate change and biodiversity) will be organized as a joint course with the Master Economics and Ecology. These topical introductions cover a minimum of one quarter and up to one third of the course hours, depending on the choice of electives.
  • Global risks can jeopardize the functioning, stability, and prosperity of communities, companies, and organizations, and pose existential threats. The aim of this Master is to provide students with the methods and tools that put them in a position to work on a broad scope of risks, to be operational when confronting new threats outside known and conventional risks, and to be of value for a large array of companies and organizations (see skills and career opportunities).

Courses are taught in English by TSE faculty members with outstanding international reputation in finance, risk management, macroeconomics, econometrics, data science, microeconomics of decisions, environmental economics, and other fields. Due to the broad nature of knowledge and the multiple skills required of successful risk professionals and economists, the Master is highly transversal across fields in economics, and also exposes students to other disciplines including environmental science and epidemiology. The course training is completed with an empirical project related to global risks.

Savoir-faire et compétences

The Master in Economics of Global Risks aims to train economists and risk professionals who can work in risk analysis, evaluation and in strategic functions, for example in the office of the Chief Risk Officer in companies and financial institutions. Their role is to anticipate risks, evaluate risk exposures, mitigate and prevent threats, enhance resilience, and guide the management response when shocks occur.

Economists and risk professionals with the transversal skills acquired in the Master in Economics of Global Risks will work for companies, consultancies, intermediaries, organizations, and government institutions that strive to prepare for anticipated and unexpected shocks and frictions, large and small. The anticipation and management of risks are the prerogative of forward-looking firms and institutions that understand the threat potential of seemingly faraway or low-probability contingencies, but also the powerful competitive and strategic advantage of enhanced resilience and risk preparation. Employers interested in the profile of graduates of the Master in Economics of Global Risks include insurers, insurance brokers and re-insurance companies, banks and asset managers, companies in energy, infrastructure and logistics, manufacturers and suppliers of essential goods such as food, mobility services, and networks, consultantsing firms in strategy and in economic analysis, public bodies like central banks, regulators, public health authorities, multinational organizations in finance and economic development, companies in security, information technology and public health, and non-profit organizations.


Conditions d'admission

De droit :
- L’étudiant titulaire d’un Master 1 mention Économie de Toulouse School of Economics - TSE.

Après examen du dossier (en fonction des places disponibles) :
l’étudiant titulaire d'une licence dans un domaine économique ou mathématique,
- l’étudiant titulaire de diplômes ou crédits, français ou étrangers, jugés équivalents et pouvant attester d'un niveau de langue anglaise C1 ainsi que d'un niveau de Mathématiques (GRE pour les étudiants titulaires d'un diplôme étranger).

Les certificats de langue anglaise admis sont : TOEFL 90/120 aux "Best Scores", IELTS 7/9 minimum et le Cambridge English Assessment (C1 niveau Advanced).

L'ensemble des pièces justificatives pour constituer le dossier de demande d'admission est détaillé sur le site Toulouse School of Economics - TSE.

Admission :
Les demandes d'admission se font à partir du site internet de Toulouse School of Economics - TSE.
Les étudiants titulaires d'un diplôme étranger, ainsi que les titulaires d'un diplôme français peuvent postuler via la plateforme eCandidatures.
Le calendrier des campagnes 2024/2024 sera disponible prochainement ici.

Taux de réussite :
Les taux de réussite sont consultables ici.

Frais de scolarité :
Pour tous les étudiants : 243 € de droits d'inscription + 5 500 € de frais de formation applicables aux Masters parcours internationaux + CVEC. Des exemptions de frais de formation aux étudiants répondant au critère d'excellence peuvent être offertes chaque année. Pour plus d'information, veuillez consulter le site de TSE


Admission Second year

  • Admission is based on academic excellence criteria.
  • Applicants from the French system must have passed the TSE International track Master 1 (1st year Master’s) in Economics or another French University master in Applied Mathematics or an equivalent degree (e.g., engineering school,…).
  • For foreign degree holders, the required degrees are either a BSc, M.A., or MSc, within a recognized curriculum regarded as consistent with the program and approved by the TSE Selection Committee. Some brushing-up in Economics or Maths might be advisable in some cases. Working knowledge of English is obviously required.


To apply to this master, select on eCandidatures platform:

First year: M1 Economics International track

Second year: M2 Economics - Economics of Global Risks International track

For more details about requirement documents and application process, please see the Admission section.


Program 2023-2024

M2 Economics of Global Risks International track

Courses syllabi are continuously completed and updated

Et après...

Insertion professionnelle

Economist in a company or in sectorial regulation institutions, consultants in industrial organization.

En savoir plus :
L'OFIP (Observatoire des Formations et de l'Insertion Professionnelle) étudie la situation des anciens étudiants 30 mois après la diplomation, poursuite d'études, processus d'entrée sur le marché du travail, caractéristiques des emplois (secteurs, statuts, fonctions, professions, revenus, mobilité géographique....).
Retrouvez toutes les études de l'OFIP sur les parcours d'études et l'insertion professionnelle des étudiants ICI.
Pour plus d’informations, consultez la fiche RNCP (Répertoire National des Certifications Professionnelles) de la licence sur le site des certifications professionnelles :



Renseignements sur les formations et l'orientation :

Contact scolarité

Toulouse School of Economics
1 Esplanade de l'Université
31080 Toulouse Cedex 6 France
Téléphone : +33 (0)5 61 12 85 04
E-mail :

Contact Admissions :
Téléphone : +33 (0)5 67 73 27 87
E-mail : ( @ )
Site :

Contact scolarité formation continue

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