Formed as an alternative to a more traditional theory-based degree, the Master of Science in Economic Systems Design (MSESD) pushes students to use laboratory experiments, computer simulations and mathematical analysis to study economic institutions and how they operate. This degree prepares students to design, develop, test and implement efficient exchange systems in fields such as stock trading, online auctions, scheduling, insurance and public utilities.
The program curriculum takes a unique hands-on approach. Students spend some time with traditional study of economic systems, but the majority of their work is on personal projects and experiments. Students are encouraged to use their insights to create exchange systems they find personally interesting, and the ESI professors support and work alongside the students throughout the program.
Chapman introduced the MSESD degree in 2009. This program is for students with a strong mathematical or computational background. Specifically, it complements the educational background of students possessing or pursuing undergraduate degrees in business, economics, computer science, mathematics and psychology.
The unique MSESD program offers two options. Students who have completed an undergraduate degree undertake a two-year master’s program. Students still working on an undergraduate degree can take a five-year program that integrates undergraduate and master’s degrees.
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.
5 Year Integrated Undergraduate/MSESD Degree Program
The 5 year integrated MSESD program is a unique opportunity open to all Chapman University undergraduates or admitted transfer students with a strong mathematical or computational background.
Undergraduates will have the opportunity to obtain a Bachelor’s degree of their choice and an MSESD with just one additional year of study. Admitted students are required to take eight credit hours of graduate MSESD coursework in addition to prerequisites by their senior year.
What is the difference between the 2-year MSESD only program and the MSESD 5-year integrated program?
The MSESD 2-year program is for students that have already completed a bachelor’s degree and are now interested in completing a master’s degree. The 5-year integrated program is for undergraduate students looking to integrate one year of their masters program with their undergraduate degree to finish a bachelor’s degree and master’s degree in 5 years.
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).
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Last updated April 11, 2016