The Department of Economics and Quantitative Methods is home to approximately two dozen permanent faculty, including economists, statisticians, and mathematicians. As implied by its title, our department consists of two units focusing on economics and quantitative methods. We are also in charge of the business economics major, offered in the master’s cycle of the Grande Ecole Program.
At the Bachelor level, students are taught the fundamentals of economics, such as macroeconomics and microeconomics in the first year and imperfectly competitive markets in the second year. A wide array of electives such as Global Business Environment, Industrial Organization and Business Strategy, Geopolitics of Business, Applied Labor Economics and Migrations Studies are offered in the third year. Many courses are structured around flipped classes and use innovative teaching methods. The main goal of the program is to prepare students for more challenging courses offered at the Master level in connection with their professional project.
At the Master level, the “Business Economics” (BE) major offers insights into areas such as, among others, international business ethics, firms location strategies, productivity analysis, environmental economics and climate change, health economics, the role of diversity and institutions in the labor market, managerial economics, geopolitics and the digital economy, uncertainty and decision-making, and risk theory. The main objective of the program is to help prepare future managers who are adept at analyzing economic conditions and are also open-minded, capable of adapting to their environment and giving priority to responsible and ethical solutions.
The “Quantitative Methods” track feeds the Grande Ecole Program transversally and prepares undergraduate students for their future careers as managers by equipping them with essential quantitative tools and methods. This track offers applied quantitative courses such as statistics, mathematics, optimization, data analysis and econometrics, enabling our students to begin to understand the world of “Big Data”. These courses are not only taught separately, but are also used to feed interdisciplinary projects, the aim of which is to show students that the skills acquired in different courses are complementary and applicable in real cases. Our instructors rely on innovative teaching methods such as flipped classes, various student-centered approaches, and project-based learning.
The track also prepares students to master statistical and optimization software commonly used in companies, such as Python, SPSS, SAS, and Lingo. These tools prepare our undergraduate students for more technical and challenging courses offered at the Master level.
Research, Expertise and corporate world
Our department’s faculty are actively involved in research that has led to a large number of publications in highly reputable journals, such as American Economic Review, Econometrica, Management Science, Economic Theory, European Economic Review, Journal of Econometrics, Experimental Economics, Journal of Comparative Economics, Games and Economic Behavior, Operations Research, European Journal of Operational Research, as well as other scholarly outlets. We strongly believe that expertise based on scholarly research is an important prerequisite for creating appropriate responses to the challenges companies face in the current economic conditions and that research plays a key role in helping us teach our students important problem solving skills.
Our faculty work in the areas such as the measurement of the performance in production, migration and labor economics, operations management, health economics, risk theory, game theory, and family economics, among the others.
Our department has two Research Centers bringing together faculty with common research interests. The Research Center iRisk is a hub for scholars specializing in the field of risk and uncertainty. The research developed at iRisk ranges from theoretical contributions on risk and ambiguity to applications focusing on specific issues, such as savings, insurance, portfolio choice, climate, and health policy. iRisk aims to bring together a variety of competences and make Lille and Paris globally visible as important risk and uncertainty research and teaching locations, as well as provide infrastructure for an active exchange between theory and practice.
The mission of the Research Center IFLAME is to study the closely related family, labor supply, and mobility decisions by focusing and promoting research on family, labor, and migration economics. The members of IFLAME rely on interdisciplinary approaches to study the microeconomic determinants of labor supply as well as demographic developments of our societies.