Doctoral program

A doctoral program modeled on the top American universities.

First year

The "Doctoral track" (Master 2 ETE) allows students to acquire a thorough and advanced general training in economic theory (micro, macro and econometrics) before choosing a specific area of research. During this first year, students are also given training in research techniques and work one-on-one with a faculty advisor to complete a master’s thesis that will be assessed by a board of professors.

Second year

At the end of the first year, students are admitted in the second year DEEQA on the basis of their results (courses and research work) and embark on a final year of advanced, specialized courses. Students should select 7 course topics among a list of advanced specialized courses and attend an annual research workshop (members meet on a regular basis during the year).
This intensive training should provide PhD students with a strong foundation for the writing of their thesis and for their future research career. An advisor and another faculty member assist students in the design of their plan of studies. During the second year, students choose their field(s) of specialization : 

At the end of this second year, students must present some original research work (a preliminary paper) to a jury of faculty members.

Thesis years

The two or three following years are devoted to full-time research and to writing the dissertation. Students are given the opportunity to mature and develop their economist’s intuition and techniques. PhD students participate in the life of academic groups, including seminars. They also present their research work in junior seminars and international conferences and are encouraged to participate in specialized summer schools.

Job Market

Our PhD program is designed to prepare our candidates for the International Job Market. 
In 2017 our students went, among other, to the University of North Carolina at Chapel Hill, HEC Montreal, Bocconi University, the International Monetary Fund, the World Bank, the European Central Bank...
Find out more about our placement year by year

- November (from 6th to 26th) for Eiffel Scholarships candidates (foreign applicants only)

- January (from 8th to 31st) for applicants with a foreign degree for Master 2 in Economic Theory and Econometrics

- February (from 1st to 28th) for master candidates (foreign applicants)

- May for bachelor and master candidates (applicants with a French degree)

TSE PhD placements


  • ABIDI Nordine - Economist, European Central Bank
  • ALIK LAGRANGE Arthur - Economist, World Bank, Office of Chief Economist in the Africa Region
  • BABII Andrii - Assistant professor, University of North Carolina at Chapel Hill
  • DE SOYRES Constance - Economist, International Monetary Fund
  • DE SOYRES Francois - Economist, World Bank
  • DONG MiaoMiao- Assistant professor, Bocconi University (Decision Science Department)
  • HAN Xintong-  Assistant professor, Concordia University
  • LIEGEY Maxime -  Assistant professor, Pontificia Universidad Javeriana (Bogota)
  • NGUENANG Christian -  Consultant, Bewell Consulting-Harwell Management
  • ROSE Christiern Daniel -  Lecturer, University of Queensland
  • SELMANE Nassima - Assistant Professor, University of Groningen
  • SHEKHAR Tomar - Research Officer, Reserve bank of India
  • TUNCEL Tuba- Assistant Professor, HEC Montreal
  • VEIGA André- Assistant professor, Imperial College Business School in London
  • WANG Chunan- Assistant Professor of Economics, Beihang University (Beijing)
  • YU Suxiu- Assistant Professor , Renmin University of China, Hanqing Advanced Institute of Economics and Finance


  • Ananya Sen -  Postdoctoral Fellow, MIT (Sloan)
  • Alban Moura -  Economist, Banque centrale du Luxembourg, Research Department
  • César Mantilla -  Assistant Professor, Universidad del Rosario
  • Dong-Hee Joe -  Associate Research Fellow, Korea Energy Economics Institute
  • Fanny Camara -  Assistant Professor, University of Southern California
  • Gang Wang -  Assistant Professor, Shanghai University of Finance and Economics
  • Guillem Roig - Assistant Professor, Universidad del Rosario
  • Kun Li - Lecturer, Australia National University, Research School of Finance, Acturial Studies & Statistics
  • Maddalena Ferrana -  Postdoctoral research associate in Values and Public Policy, Woodrow Wilson School and University Center for Human Values, Princeton University
  • Markus Gebauer -  Assistant Professor, Higher School of Economics/ICEF
  • Rodrigo Montes -  Senior Economist, Compass Lexecon
  • Johanna Schauer -  Economist, IMF
  • Yves Le Yaouanq -  Assistant Professor, Ludwig-Maximilians-Universität
  • Timothy Yeung -  Postdoctoral position of PSL Research University, hosted by University of Paris-Dauphine


  • Luc Bridet - Lecturer, University of St Andrews
  • Ho Cheung Cheng - Assistant Professor, National Central University, Taiwan
  • Jorge Florez - Assistant Professor, Universidad del Rosario
  • Mattia Girotti - Banque de France
  • Sinem Hidir - Assistant Professor, University of Warwick
  • Laura Lasio - Assistant Professor, McGill University
  • Margaret Leighton - Lecturer, University of St Andrews
  • Julien Sauvagnat - Assistant Professor, Università Boconi
  • Yonglei Wang - Assistant Professor, Huazhong University of Science & Technology
  • Qizhou (Leo) Xiong - Postdoctoral researcher, University of Magdeburg and Halle Institute for Economic Research (IWH) 

Other years (pdf document)

Every year, some of our PhD students attend the international Job Market in order to obtain careers in prestigious universities or in public or private sectors.


Placement Officer: Stéphane STRAUB
Coordinator: Renato GOMES
Placement secretary: Caroline TEJEDOR

TSE PhD Candidates 2018 (Please click on the names of our candidates to go to their website and see their job market papers)



Fields of interest

Yaohui DONG

Helmuth Cremer,
Catarina Goulao,
Jean-Marie Lozachmeur
Health Economics,
Public Economics,
Industrial Organization,

Medical Decision Making


Thomas Chaney,
Treb Allen
Christian Hellwig
International Economics,
Economic Geography


Stéphane Straub,
Christian Bontemps,
Matteo Bobba,
Giancarlo Spagnolo 
Development Economics,
Labor Economics,

Applied Econometrics


Thomas Chaney,
Christian Hellwig,
Nicolas Coeurdacier 
Household Saving,
Network Economics


Jacques Crémer,
Lorenz Götte,
Renato Gomes
Bounded Rationality,
Microeconomics Theory,
Behavioral Economics,
Industrial Organization


Augustin Landier,
Sebastien Pouget
Milo Bianchi

Alexander Guembel

Corporate Finance,
Monetary Policy


Christian Hellwig,
Franck Portier,
Nicolas Werquin,
Renato Gomes 
Information economics,
Mechanism Design


Haresh Sapra,
Guillaume Plantin,
Jeremy Bertomeu,
Alain Donadio

Financial Accounting,  
Accounting Standards, 
Banking Theory, 


Nour Meddahi,
Tim Bollerslev,
Jihyun Kim
Financial Economics


Bruno Jullien,
Maarten C.W. Janssen,
Andrew Rhodes
Industrial Organization,
Economics of Information,
Competition policy


Jean-Paul Azam,
Yinghua He,
Matteo Bobba
Development Economics,
Game Theory,
Labour Economics,


David Abrams,
Daniel Chen,
Roberto Galbiati,
Emeric Henry
Economics of crime,
Economics of media,
Economics of gender,
Labor economics,
Public policy evaluation


Zohra Bouamra-Mechemache,
Patrick Rey,
Yassine Lefouili,
Helmuth Cremer
Industrial Organization,
Competition Policy,
Public Economics,



Françoise Forges,
Thomas Mariotti,
Frédéric Koessler
Mechanism design,
Information design,
Cooperative game theory


Christian Gollier,
Nour Meddahi,
Marianne Andries,
Patrick Fève
Asset pricing,
Macro finance,

Ying Lei Toh

Bruno Jullien
Jacques Crémer 
Alessandro Acquisti 
Industrial organization,
The digital economy

Shuguang ZHU

Takuro Yamashita,
Jacques Crémer,
Johannes Hörner,
Tilman Börgers 
Mechanism Design Theory,
Industrial Organization


Our ambition is to keep attracting the best students in the world. Therefore, we offer financial help for our future PhD students.

Some scholarships and grants are available at the Master 2 level:

Once the students graduate from the Master 2 ETE and continue in the PhD program, the doctoral school makes sure that they receive funding for four years. Some positions of teaching assistant and research assistant are also available.

It usually takes 5 years for students to complete their thesis.


Students testimonies

Some videos are available on the platform Youtube

 Student spotlight: Philipp Wangner from Germany, PhD student

"TSE is a very good environment for research. Besides the faculty helping students, much administrative hassle is kept away from students to be able to better focus. In any given week there are more research seminars than one can even attend, so one is exposed to many different ideas. Throughout my time at TSE I enjoyed substantial financial support, both for my living expenses as well as for accessing data"

Markus Gebauer, Assistant Professor of Economics (International College of Economics and Finance, National Research University - Higher School of Economics Moscow, Russia)

"TSE is an amazing place for students who want to devote themselves into research. The professors here are very productive and nice. Their love to economics is so contagious. There are so many conferences, seminars, and workshops in diversified areas that could feed your interests and tastes. The quality and quantity of those meetings are fabulous. Overall, our PhD program in terms of its research environment is comparable to the top-ten programs in the US. The life at Toulouse is also very rewarding. You would meet many interesting persons here. International students' background are diversified and they come from five continents. I love here so much and miss the people I met here. You would never regret if you choose to come to TSE."

Nina Yin, Assistant Professor (China Center for Human Capital and Labor Market Research, Central University of Finance and Economics, Beijing, China)

"Learning how to become a researcher is not an easy task and TSE's structure in thematic groups played an important part in helping me develop research skills. Every week, we had a macro seminar with external speakers, a macro workshop for PhD students to present their work and a macro reading group where we discussed recently published papers !
When you present your work, comments from professors and fellow students can be tough to hear, but that's how make progress and learn how not to cut corners.
Overall, the environment at TSE showed me a passion for intellectual challenges that was contagious. I felt encouraged to play my part and contribute, as an economic researcher, to a better understanding of the forces driving our economic system."

François de Soyres, Economist (World Bank)

"TSE gave me an outstanding training in econometrics which was crucial for the beginning of my career. I believe that the scientific environment at TSE is comparable to the best economics departments in the world. Just look at the amount and quality of seminars, workshops, and conferences hosted at TSE each year and compare it to any other top economics department. There are more events than you can digest!"

Andrii Babii, Assistant professor, University of North Carolina at Chapel Hill

"I enjoyed the diversity and academic environment here. Students and researchers are coming from all over the world and doing research in various fields, each contributing in a unique way to the diverse culture here. The research environment is of first grand; each year, top researchers around the world visit and give talks at Toulouse, giving us plenty of opportunities to be exposed to the research frontier. The researchers/advisors are really great economists and patient teachers; discussions on our work are usually deep and focusing on the big picture and economic applications, which I find are the most important part of economics research. Of course, the city is truly beautiful!

Some deals are too good to be true but TSE defies this adage. One gets to live in a great city and have access to one of the best economics departments. TSE has a big PHD program with roughly 20 incoming students each year, which makes you feel like a part of the community. I was part of the Macro group and learned a lot through interactions with the faculty members and other students. And this interaction was not just limited to internal members as the PhD students interact a lot with the visiting seminar speakers (and there are a lot of them at TSE!!).

In terms of the timeline, one spends the first two years on coursework. The core courses are interesting and give a good foundation for research, both in terms of material covered as well as to develop research agenda. I got good support from my advisor as well as other faculty members to keep my work on track throughout the PhD. For the job market, TSE has a professional team of people, comprising of staff members and faculty, who help you throughout the job market season. The hard work that TSE puts in to prepare its students is amply reflected in the placements!!"

Shekhar Tomar, Research Officer, Reserve bank of India

"I did my Ph.D. at TSE from 2011 until 2016 (plus a strong M1 a year prior). Coming from Peru to Europe for the first time, a lot was new, exciting, and different. Language-wise, for instance, classes were in English, while daily life was in French. To make this harder, coursework at TSE is tough and exams are intense. However, I can say with the benefit of hindsight, that such level of rigor makes TSE alumni well equipped to face the challenges of a dynamic world. At TSE, I learned to always stay curious, and to study seriously and committed to the subject at hand. After the Ph.D. I came to the U.S. to work in consulting. My adviser and other faculty members were always supportive of my choice and were instrumental for me finding a job in Washington, D.C. There, I have confirmed that TSE enjoys an outstanding reputation in economics, especially in IO. All in all, my years in Toulouse were some of the best in my life, I am deeply thankful to the school, the administrative staff, the faculty, and my friends!"

Rodrigo Montes, Senior Economist, Compass Lexecon

The TSE Doctoral School is a member of a European network of doctoral schools, ENTER (European Network for Training in Economic Research), which includes the following universities:  
- Universitat Autonoma Barcelona
- Free University of Brussels
- University of Mannheim
- University of Stockholm
- Tilburg University
- Toulouse School of Economics
- University College London
- Universidad Carlos III de Madrid


Doctoral students who enrol in the ENTER programme spend between three months to a year in one or two of the network institutions where they benefit from exactly the same status as the other doctoral students. Depending on their situation, they may either attend classes or seminars, or work on their thesis under the supervision of one of the university’s professors. They are thus in contact with a wider teaching body and a more diverse range of research themes. They can also develop productive professional relationships with other students and thus become truly European economists.
The network schedules a conference which rotates every year to a different member university and encourages doctoral students to visit and stay at one (or several) of the universities in the network

For more information, go to