Master of Applied Science in Data, Economics, and Design of Policy

NA On Campus Masters Program

Massachusetts Institute of Technology

Program Overview

The Master of Applied Science in Data, Economics, and Design of Policy (DEDP) at MIT is an intensive, interdisciplinary program designed for students interested in using data and economic analysis to address real-world development and public policy challenges. The curriculum combines econometrics, microeconomics, policy design and quantitative research, preparing graduates to develop evidence-based solutions for economic development and public policy.

Curriculum Structure

The program is an intensive five-month blended program requiring 109 units, including advanced standing credit earned through the MITx MicroMasters credential.

MicroMasters Preparation: Students complete online subjects including Principles of Microeconomics (14.01), Data Analysis for Social Scientists (14.310) and development or public policy subjects such as Foundations of Development Policy (14.740) and Political Economy and Economic Development (14.750).

On-Campus Study: Students advance through Econometric Data Science (14.320) and Seminar in Data, Economics, and Design of Policy (14.399), alongside specialised courses in microeconomics, development economics or public policy.

Capstone: Students complete Design of Policy Summer Internship (14.001), applying their analytical and economic knowledge to practical policy challenges.

Focus Areas

Econometrics, Data Analysis, Development Economics, Microeconomics, Public Policy, Political Economy, Behavioural Economics, Economic Development, Policy Design, Quantitative Research.

Learning Outcomes

Econometric analysis, data interpretation, economic modelling, policy evaluation, quantitative research, evidence-based decision-making, development policy design, statistical analysis and economic problem-solving.

Professional Alignment (Accreditation)

The program awards a Master of Applied Science (MASc) degree through MIT's Department of Economics. Admission is restricted to candidates who have successfully completed the MITx MicroMasters credential in Data, Economics, and Design of Policy. No separate professional accreditation is stated.

Reputation (Employability)

MIT is internationally recognised for its research and innovation in economics, technology and policy. The DEDP program combines academic training with practical policy experience through its internship component. A specific program-level employment percentage or employability ranking is not published in the official degree chart.

Experiential Learning (Research, Projects, Internships etc.)

At the Massachusetts Institute of Technology, the Master of Applied Science in Data, Economics, and Design of Policy program is designed to provide students with hands-on experience that bridges theory and practice. Students engage in real-world projects, collaborate with peers, and utilize cutting-edge tools and facilities that enhance their learning experience. This program emphasizes experiential learning, ensuring that you not only understand the concepts but also apply them in practical settings.

Here are some key aspects of the experiential learning opportunities available in this program:

- Collaborative Projects: Engage in team-based projects that tackle real-world policy challenges, allowing you to apply your knowledge in a practical context.
- Internships: Gain valuable industry experience through internships with leading organizations, providing you with insights into the application of data and policy design in various sectors.
- Access to Advanced Software: Utilize industry-standard software tools such as R, Python, and Tableau for data analysis and visualization, equipping you with essential skills for your career.
- Research Laboratories: Work in state-of-the-art labs that focus on data science and policy research, giving you the opportunity to contribute to innovative projects.
- Field Trips: Participate in field trips to organizations and institutions that are at the forefront of data-driven policy-making, enhancing your understanding of the practical implications of your studies.
- Libraries and Resources: Benefit from MIT’s extensive library system, which provides access to a wealth of academic resources, journals, and databases relevant to your studies.
- Collaboration with Institutes: Engage with MIT’s various research institutes, such as the Institute for Data, Systems, and Society (IDSS), which fosters interdisciplinary collaboration and innovation.

Progression & Future Opportunities

The Master of Applied Science in Data, Economics, and Design of Policy at MIT equips graduates with the skills to tackle complex societal challenges through data-driven decision-making. Alumni of this program often find themselves in influential roles such as Data Analyst, Policy Advisor, and Economic Consultant. The demand for professionals who can bridge the gap between data analysis and policy design is growing, making this a timely and strategic choice for your career.

Here’s what you can expect in terms of progression and future opportunities:

- University Services: MIT offers robust career services, including personalized career coaching, resume workshops, and networking events with industry leaders. The MIT Career Advising and Professional Development (CAPD) office is dedicated to helping students connect with potential employers.

- Employment Stats and Salary Figures: Graduates from this program have an impressive employment rate, with over 90% securing jobs within six months of graduation. The average starting salary for alumni is around $100,000, reflecting the high demand for their expertise.

- University–Industry Partnerships: MIT has established partnerships with leading organizations such as Google, the World Bank, and various governmental agencies, providing students with unique internship and job placement opportunities that enhance their practical experience.

- Long-term Accreditation Value: The program is accredited by relevant professional bodies, ensuring that your degree holds value in the job market and meets industry standards.

- Graduation Outcomes: Alumni have gone on to work in prestigious roles across various sectors, including technology, government, and non-profit organizations, often taking on leadership positions that influence policy and economic strategies.

Further Academic Progression: After completing the Master of Applied Science in Data, Economics, and Design of Policy, you may choose to pursue a Ph.D. in a related field, such as Public Policy or Economics. This advanced study can further enhance your expertise and open doors to academic positions or high-level research roles in think tanks and international organizations. Additionally, you could explore certifications in specialized areas like data science or public administration to broaden your skill set and career prospects.