Environmental, Energy and Transport Economics

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Présentation
Learning outcome targets

Global challenges, whether they relate to energy, food or the environment, require the use of knowledge from many different sources and integrated approaches. Graduates are required: to have a command of economic theory and its application to decision making; to be able to hit the ground running as soon as the degree is awarded by knowing how to set up data processing, statistical and econometric methods and the necessary IT resources; to understand political, economic and scientific challenges and be familiar with recent research developments; to have managerial knowledge (cost-benefit analysis, decision making under uncertainty, management of disputes) as well as ‘soft skills’ (knowledge of sectors, ability to debate on political issues, negotiation).

The primary aim of the degree is to provide, through the M1 followed by the four possible M2 courses, training which deals with the whole range of issues concerning energy, the environment and food in terms of economic factors and in an analytical and future-orientated manner. Graduates must have the skills to design strategies to address energy, environmental and agri-food challenges, particularly in relation to climate change, overexploitation of natural resources, water and air pollution, land use (food/bioenergy) and the transition to a low-carbon world. They must be able to incorporate these strategies into the fields of production, services and consulting. They must also have the scientific knowledge to enable the most motivated to participate in both private and public research.

Some core courses with a research focus provide the conceptual and theoretical elements to achieve these objectives. Thematic courses focusing on practical issues and their management in various sectors (new energies, water, forestry, waste, agriculture, bio-industries, etc.) enable students to become involved in different professional environments with the necessary objectivity to act in a managerial role.

Three of the M2 courses are open to apprenticeships in order to promote access to students whose funding does not allow them to successfully complete higher education in particular, as well as to improve the CVs of university students with few work placements and little involvement in professional networks. Nevertheless, only about ten students out of the 110 on the M2 are authorised to follow a work-study programme, as the research element remains a dominant part of the course.

Post-graduate profile

The skills acquired enable graduates to start a doctoral thesis in economics in preparation for research professions. However, for the majority of graduates, the skills acquired lead to entry into production, service and consulting professions, particularly in the following sectors: (i) technical and economic studies and research; (ii) Strategic and/or financial advice within companies; (iii) Engineering in a company that offers integrated services; (iv) design, development, set-up and execution of projects; (v) research on all the economic aspects linked to the energy, environmental and agri-food transition.

The skills acquired at the end of the programme include the ability to:
- analyse the markets (supply and demand) as well as the technological and financial aspects of the sectors concerned;
- understand and apply the concepts of needs analysis and project management;
- carry out and interpret prospective studies, using the necessary methods and software;
- deploy a multi-criteria analysis method in the development of strategic intervention choices;
- Be able to put project management and risk management tools into practise;
- develop business plans to research profitability and project financing;
- coordinate actors in order to bring proposed solutions into operation;
- model and quantify an economic phenomenon (econometrics, operational research, simulation methods);
- understand the mechanisms and institutions at work in public policies and negotiation strategies;
- understand the environmental, climate, food and energy issues;
- develop original research projects by mobilising empirical knowledge of the sector and cutting-edge analysis tools in the academic discipline.

Transfer paths

The transfer path from M1 to M2 depends on successful completion of the M1 (ECTS credits, validated internship) and an interview with the M2 admission panel for the chosen course. The M1 does not have courses; instead, it has optional teaching units. M1 students can opt to take a foundation course on "research" and "entrepreneur" topics. While an internship in a research laboratory is normally compulsory in M1, some students may choose to take classes specifically oriented towards entrepreneurship and then replace this internship with a business creation project (or a study for a business within the framework of contract). The M1 foundation module is an important element for admission to the M2 of the student's choice. A special tutorial is given at the end of the M1 to advise the student on the choice of courses in M2 and the optional teaching units in these courses, according to the student's career plan.

At the end of M1, students must apply for an M2 course. While they are guaranteed granted access to one of these courses (assuming they have successfully completed the M1), they may not be admitted to their first choice of M2 course. Direct entry into M2 for applicants who do not come from the M1 is subject to admission by the panel, upon examination of the application file and following an interview in which they will be invited to elaborate their specific career plan.

Academic partnerships

Université Paris -Nanterre
Ecole des Ponts ParisTech
IFP-School
Ecole Nationale Supérieure des Techniques Avancées
MINES ParisTech

Prerequisites

The aim of the "Environmental, energy and transport economics" discipline is to provide training that covers all environmental, energy and agri-food issues from an economic point of view (Note: in spite of the discipline's (generic) title, transport economics is not really discussed and there are no programmes specifically dealing with it). Students can start studying this discipline in M1 or M2.

For an entry in M1, applicants must hold an undergraduate degree in economics (with advanced skills in microeconomics, mathematics, statistics); an undergraduate degree in mathematics, or mathematics and informatics applied to social sciences or management; or an undergraduate-level (Bac+3) qualification in science (physics, engineering, biology etc.) with a solid foundation in mathematics and statistics. A keen interest in environmental, energy or bio-economy issues is an important asset, as applicants who pass the first selection phase (based on their record) are interviewed about their motivation and skills.

For a direct entry in M2, applicants must hold an M1 in economics with a quantitative dimension, or a Master's-level (Bac+4) qualification acquired in an Ecole Normale Supérieur, an engineering school, a business school, a university (M1 in mathematics, finance, management, etc.), an Institute of Political Studies or any French or international training deemed sufficient by the panel. A keen interest in environmental, energy or bio-economic issues is also an importantattribute for those wishing to join the EEET discipline in M2.

Compétences
Skills required within the Field of Study :
  • Understand the fundamental concepts of economics and know how to apply them to analyse issues concerning the environment, energy, climate and food.

  • Contribute, through the implementation of modelling and data processing methods, to the resolution of environmental and sustainable development problems and the responsible management of resources.

  • Understand the complex processes involved at the various levels of energy and ecological transition in order to design new sustainable solutions.

  • Design new business models which integrate social and environmental criteria at all stages of production and consumption.

  • Carry out an evaluation and critical analysis of the policies and strategies put in place for the management of natural resources.