Master in Mathematics and Economic Decision

The two-years Master's program in Mathematics and Economic Decision is the Toulouse School of Economics Master in Applied Mathematics and Statistics. It benefits from the strength of both the TSE’s Mathematics and Economics departments. Interdisciplinarity is very important in recent developments in research, for example at the interface between optimization and statistics. These developments have wide and natural applications in economics and in the industry: artificial intelligence, big data, game theory, high-dimensional analysis, machine learning, network analysis, stochastic analysis, etc.

The first year is dedicated to acquiring a broad and rigorous knowledge in mathematics and statistics and its applications to economics.

The second year of this program is particularly targeted to students interested in research-based training in applied mathematics and statistics. It could be viewed as the first year of a Ph.D. program in the north American system. Successful students who are interested in a Ph.D. in applied mathematics and statistics can apply to grants with the help of the TSE faculty to fund the remaining years of the Ph.D. in Toulouse or outside Toulouse. The Ph.D. can be either academic or professionally oriented. The second year of the Master can also be a good fit for a student interested in research-based learning but who prefers a professional integration directly after the Master, for example as a mathematical engineer with a strong background in Economics.

Alternatively, after the first year, the students may apply to other second year Master’s programs at TSE. The second year of the Master Data Science for Social Science is particularly suited for a professional integration after the Master. Students who become more interested in the Ph.D. in Economics may apply to the second year of the Master Economic Theory and Econometrics.

Master MED opened in 2021 and most of our alumni chose to engage in a PhD in Applied Mathematics or Statistics up to now.

Students in 2023-2024 chose an internship in the private sector and in international organization rather than a master thesis and may chose direct professional integration after the master.

Program 2024-2025

M1 "Applied Mathematics, Statistics" - Mathematics and Economic Decision - International track

SEMESTER 1

SEMESTER 2

Compulsory courses:

Compulsory courses:

Compulsory only if you choose the track Towards the second year of master MED below:

Optional:

2 among 5:

 

End of August refresher courses - Math Camp:

Optional: 

Towards the second year of master MED track:* (3 electives from 7)

Econometrics and Economics Track:* (5 electives from 13)

 
  • Internship or Master Thesis++

*The student chooses to follow either the MED 2 track or the Econometrics and Economics track

++ A minimum grade of 10 out of 20 is required.

** Masters 2 Directors recommend to attend some options:

  • High dimensional data analysis and machine learning or Stochastic Methods for optimization and sampling or Time Series: M2 D3S
  • Industrial Organization: M2 EMO
  • Corporate Finance et Market Finance: M2 Finance
  • Time Series et Program Evaluation: M2 EEE
  • Program Evaluation: M2 EEE, M2 ETE
  • Advanced Macroeconomics: M2 ETE
  • Advanced Microeconomics: M2 ETE

*** Refresher courses, for TSE M1 and M2 students (read the news published on the website to know the precise dates, usually courses at the End of August)

To practice a sport or a musical activity within the University orchestra, or the participation in the module "professional life"  during the year can give you bonus points. Only points above 10/20 are recorded.

Program 2024-2025

M2 Applied Mathematics, Statistics - Mathematics and Economic Decision International track
(Syllabi are regulary updated)

Non-contractual, May change

SEMESTER 3 - 4 

Core courses:

Reading course 

Each student is supervised by one of our faculty on working on a research level book and preparing a seminar and report on a particular aspect.

Here is a list of example of themes covered in previous years:  

  • Optimal transport and its applications (J. Bolte)
  • American Options (S. Villeneuve)
  • Functional data analysis and the test of detection of changes in the mean function (D. Paindaveine)
  • Reproducing Hilbert kernel space and applications (C. Thomas)
  • Solutions of stochastic differential equations (S. Villeneuve)
  • Agent based modelling (A. Blanchet)

New advanced courses

 

Electives:

Applied Mathematics and Statistics,
Courses by invited professors, renewed every year

In 2024-2025:

More offer for 2024-2025 will appear soon

In 2023-2024:

Course from Master Research and Innovation at University Paul Sabatier: https://departement-math.univ-tlse3.fr/m2ri-syllabus-2024-2025

Economics and Mathematics

Data Science

Economics

Finance

Computer Science

 

Courses from other master 2 in Toulouse, the MRes, and research school

Courses of your choice (subject to validation by the program directors)

Mandatory:

  • Master thesis or Internship

Non-Mandatory:

  • Algebra Refresher-*
  • Probability Refresher-*
  • Dynamic Optimization Refresher-*
  • Economics refresher-*
  • Statistical Software : R
  • Statistical Software : Python

-*For refresher courses, read the news published on the website to know the exact dates, usually courses at the End of August.

To practice a sport or a musical activity within the University orchestra, or the participation in the module "professional life"  during the year can give you bonus points. Only points above 10/20 are recorded.

At TSE, learning is enhanced by guest speakers, most of whom are professionals from various industries. These experts bring practical experience and real-world insights, complementing the teachings of our academic professors. This synergy provides students with a well-rounded education rooted in both theory and professional practice.
 

Semester 1 Master 2

  • Sylvia Gil Casals, Mathematics of Machine and Deep Learning Algorithms  + Data mining
  • Adil Zouitine, Mathematics of Machine and Deep Learning Algorithms

Semester 2 Master 2

  • Raphaël Danjou, Datanomics
  • RémI Périchon, Big Data
  • Claire Vaufrey, Project management

95% of graduates with a 5-year degree in mathematics find a job within six months, compared with only 80% of those who studied another discipline at university. 

  • High-tech industries (energy, petroleum research, chemistry, etc.) have needs, also have major needs in the field of mathematics. 
  • Consulting sector (survey institutes, consultancy firms, digital services companies, etc.) offers major employment opportunities for applied mathematics engineers, who are responsible for designing and operating databases.
  • Banking, insurance and finance sector is always on the lookout  good mathematicians to calculate risks and minimise losses. 


* Employment:
- Teacher-researcher in a university
- Preparation for 2nd level teaching exams: CAPES, agrégation.
- research engineers
- research engineers in mathematical modelling
 - Applied mathematics engineer
- Statistical research manager in a banking or insurance company 
insurance company.
- Administrative entrance exam for the public sector and local authorities.
- Financial analysis and engineering
- Management and engineering studies, research and industrial development

Ressource in French to see job opportunities:

Ressource in English:

First year - Acceptance criteria

  • Students with an undergraduate degree who majored in Economics or Economics and Mathematics at the Toulouse School of Economics TSE and able to justify a good English level are eligible to enroll in the M1 program “Mathematics of Economic Decision", international track entirely taught in English.

Or by application review:

  • Students with an undergraduate degree in an "economics and mathematics" or mathematics , and who are able to justify a good English level
  • French or foreign students with a degree and credits considered equivalent, and who are able to justify a good English level

Second year - Acceptance criteria

  • Students who have majored in the M1 program “Mathematics of Economic Decision" are eligible to enroll in the M2 program.

Or by application review:

  • Holders of a master's degree in mathematics who can justify some knowledge of Economics or are willing to prepare for it before the beginning of the program and who are able to justify a good English level, international track entirely taught in English.

Application:

To apply to this master, select on eCandidatures platform:

  • First year: M1 Applied Mathematics, Statistics - Mathematics and Economic Decision International track
  • Second year: M2 Applied Mathematics, Statistics - Mathematics and Economic Decision International track

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

Chat with our students!

Don't hesitate to contact our student ambassadors if you have any questions for them! They will be happy to share their experience with you. Explore the different student ambassador profiles displayed below and create your account to start the discussion...

Not all fields of study are represented, but feel free to submit your question to one of the ambassadors by level of study.