Economics serving society

Economic Decision and Cost Benefit Analysis - EDCBA master of science

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EDCBA is a Masters of Science (MSc) in economic calculation for investment decisions, applied to sectors of the economy currently in full expansion: planning, energy, environment, health, digital transformation.

It is a postgraduate Master’s degree awarded by the École des Ponts ParisTech and jointly run with the Paris School of Economics.

This programme is open to Students and young Professionals who hold a Bachelor, Masters 1 or 2 degree in economics, statistics or mathematics, from a University, a Grande école, an Engineering school or a Business school.

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Programme - Capstone projects & internships - Requirements and Applications - Career Prospects - 2018/2020 Students - 2019/2021 Students - Download the MSc EDCBA brochure (pdf) - Watch our videos about the master - Prepare your arrival at PSE


Prepare yourself for the future!

The MSc EDCBA is an 18 months programme, fully taught in English, which will provide you the different practical tools and methods for projects appraisal notably socio-economic evaluations (or cost-benefit analysis CBA) of investment projects and policies. The purpose of CBA is to give a simple, quantitative approach for deciding whether to go ahead with a project or a policy, based on the collective value that might be generated compared to alternatives.

What is the Cost Benefit Analysis (CBA)?

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CBA is an analytical tool to be used to appraise an investment decision and judge its socio-economic advantages or disadvantages in order to assess the welfare change attributable to it. CBA compares a scenario with-the-project with a counterfactual baseline scenario without-the-project, which is what would happen in the absence of the project or in a business-as-usual situation.

CBA expresses all the cost and benefits of a project or an intervention in monetary value and aims at answering two questions:
1 - Are the benefits of the project for the society higher than the costs and if so, by how much?
2 - Among the solutions considered, which one is the most desirable?

Skills that you will acquire

  • Data analysis
  • Project management
  • Projects appraisal
  • Structured finance
  • Addressing today and tomorrow’s issues in numerous sectors in transition: Healthcare, Energy & ecological transition, digital transformation, smart cities

An innovative Master of Science

Professional orientated

  • 6-month internship. Example of previous student’s internships: Société Générale, Citizing, OECD, Engie, Deloitte Montréal
  • Capstone project: work as a consultant, along with an EDCBA professor, on a socio-economic evaluation investment project, for a company or an organization.

A resourceful partnership
EDCBA puts together the academic excellence of degrees offered by the École des Ponts ParisTech with the innovative approach taken in courses accredited by the PSE:

  • École des Ponts ParisTech – Ranked 3rd among the French engineering schools
  • Paris School of Economics – Ranked 1st among the European economic research institutions
  • EDCBA is referenced within the Conférence des grandes écoles

Corporate & institutional partners

  • KPMG
  • Secrétariat général pour l’investissement (SGPI)

Applications are open for September 2020

Browse the dedicated page “Requirements and applications
Apply here before July 15th, 2020: www.pse-application.eu
Any questions? Contact us: master-edcba psemail.eu


The MSc EDCBA brochure

The EDCBA program is entirely taught in English: to read all the available information about the courses, the admission process, the job prospects... download the pdf brochure.

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This programme is funded by a French government subsidy managed by the Agence Nationale de la Recherche under the framework of the Investissements d’avenir programme reference ANR-17-EURE-0001.