»2-Year Master of Science in Economic Systems Design

The 2-year Master of Science in Economic Systems Design program is a unique opportunity open to anyone with a completed Bachelor’s degree and strong mathematical or computational background. 

Economic Systems Design is the scientific study of the design, development, testing, and implementation of economic institutions and an understanding of how they operate. An MS in Economic Systems Design (MSESD) prepares students to undertake the scientific process of understanding and developing systems of exchange and their incentives. Please learn more below.

+-Program Information

Graduation Requirements MSESD

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For more information on the MSESD degree requirements, please contact Cyndi Dumas at dumas@chapman.edu or 714/516-4513.

+-Admission Process

Admission to the program may be achieved by the completion of the following requirements:

  • Completed a bachelor's degree and the appropriate prerequisites at a regionally accredited institution with a cumulative GPA of 3.0 or higher AND prerequisite coursework or equivalent preparation with cumulative GPA of 3.6 or higher. 
  • Submit application by February 2nd  for priority consideration and March 31st for regular consideration. Subsequently, applications will be accepted until class is full.
  • Remit the non-refundable application fee of $60, payable to Chapman University.
  • Submit official transcript from the baccalaureate degree granting institution only to: Office of Graduate Admission, Chapman University, Argyros Forum, Room 304, One University Drive, Orange, California 92866.
  • Submit two letters of recommendation from individuals familiar with the applicant's academic abilities.
  • Achieve an acceptable score on the Graduate Record Examination (GRE).
  • Complete a personal interview.
  • Foreign applicants who have completed their undergraduate degree outside of the United States may be required to achieve an acceptable score on the Test of English as a Foreign Language (TOEFL) or a minimum score of 59 on the Pearson Test of English (PTE Academic).

Prerequisites 2015-2016 Academic Year

Prerequisites (17 credits):

MATH 210 Multivariable Calculus* 3
CPSC 236  CPSC 236 Visual Programming* 3
MGSC 406 Advanced Experimental Design and Statistics* 3
ECON 464 Game Theory I 3
ECON 481 Economic Systems Design I* 3
ECON 489 Seminar in Economic Science 2

*Equivalent preparation may be used to fulfill these requirements.

Deadlines

Priority Consideration - February 2nd

Regular Consideration - March 31st

Subsequently, applications will be accepted until class is full.

Apply online now

 

+-Learning Outcomes

  • Students will be able to describe and provide examples of the effective use of economic models and experimental procedures and demonstrate the ability to implement economic models in an experimental setting and effectively use analytic tools. (e.g. experiment software, Mathematica, statistical packages, etc.)
  • Students must be able to formulate appropriate models and hypotheses, analyze data effectively, and create useful depictions of data and theory.
  • Student will demonstrate effective written and verbal communication; understand the social impact of an economic problem in relation to existing literature, and articulate in homework, presentations and thesis the validity of the research methodology undertaken and the its position in the context of current research.
  • Students will be able to recognize interactive decision making environments in which participants have an incentive to strategically respond to one and other in order to achieve either competitive or cooperative goals. Students will be able to mathematically model those environments then use either analytical or computational methods to predict the behavior that might be observed when participants act in their own interests.
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