EPOG - Economic Policies in the Age of Globalisation – Erasmus Mundus Master Scholarship

The world economy is still hampered by the legacy of the financial crisis and the ensuing slow growth of developed economies. Notwithstanding some recent improvements among many advanced capitalist economies, persistent financial fragilities combined with growing income and wealth inequalities put Western societies under heavy political pressure. In the meantime, the catching-up processes initiated by a number of major southern countries have been hampered while the attractiveness of the Chinese model of state-directed capitalism is gaining traction among southern elites. Not incidentally, it is this post-crisis context of uneven recovery which has slowed down trade and international investment, suggesting that the spectacular internationalization of the last decades has possibly peaked.

These challenges were the core issues that the EPOG Erasmus Mundus joint master degree (2012-17) aimed to address while providing competencies in macroeconomics, innovation and economic development. These priorities of EPOG 1.0 are still relevant in the new version of the program, the EPOG 2.0 revision. However, our objective with EPOG 2.0 is to rethink targeted competencies in macroeconomics, innovation and economic development through the lens of the imperative ecological transition to a low-carbon economy. Ecological degradations, resource depletion and climatic disorders already represent an immediate threat for a huge part of the world population, with more trouble ahead if the current generation is not able to engage to limit and reverse these entropic processes. In order to move in this direction as quickly as possible and to favour the emergence of adequate policies, we need a new sort of intellectual engagement which consistently integrates ecological considerations and hence sustainability with economic expertise. This is the purpose of EPOG 2.0, an innovative master program that articulates systematically how sustainability issues penetrate macroeconomic policy-making, innovation trends, corporate responsibility and development activity.

The core design of the EPOG 2.0 Master relies on the development of an expertise in a specific field and a general understanding of interdependencies among economic policies with a precise, consistent and continuous course progression: semester 1 and 2 for the basics of the specialization, semester 3 for advanced courses and for providing a common culture to all the students, semester 4 for enhancing and applying learning outcomes in the context of a research lab or of a “professional environment”. In order to provide students with knowledge and skills in specific fields of expertise, students will have to choose one of two options and then opt for a major within either. Mobility derives from this dual choice.

Pedagogical organisation

The Director of the EPOG+ programme is David Flacher (University of Technology of Compiègne). He is in charge of the overall coordination of the programme. He is assisted by an administrative coordinator and a pedagogical secretary.

Each Major has an overall coordinator located in France:

• Major A — Knowledge, innovation and the digital transition: Philippe Steiner and Nathalie Coutinet
• Major B — Macroeconomics, finance and the socioeconomic transition: Antoine Rebérioux and Dany Lang
• Major C - Development, sustainable development and the ecological transition: Nathalie Blanc and David Flacher

They work together with local coordinators of each Major and Minor:

• At the University of Turin (Major A, Minor C1): Aldo Geuna, assisted by Alessandra Calosso
• At the Berlin School of Economics and Law (Minors B1 and C2): Eckhard Hein, assisted by Dagmar Hofmann
• At University of Roma 3 (Minor B2): Antonella Stirati, assisted by Daniele Morgia
• At the University of the Witwatersrand (Minors C1 and C2): Nicolas Pons-Vignon, assisted by Sajida Durwan
• At the Vienna University of Economics and Business (Minor C3): Manuel Scholz-Wäckerle, assisted by Roman Hausmann

Structure and content overview

The chosen specialisation (Major and Minor) determines most of the student’s mobility: one or two different universities during Year 1 and a (long) semester in Paris (September-February) during Year 2. For the last semester, students have the opportunity to their Master’s thesis in the most relevant context for their project, which can be a “research lab environment” or a “professional internship”.