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    MIT launches master’s in data, economics, and development policy, led by Nobel laureates

    This week, the first cohort of 22 students begin classes in MIT’s new master’s program in Data, Economics, and Development Policy (DEDP). The graduate program was created jointly by MIT’s Department of Economics and the Abdul Latif Jameel Poverty Action Lab (J-PAL), a research center at MIT led by professors Abhijit Banerjee, Esther Duflo, and Benjamin Olken. Banerjee and Duflo are co-recipients of the 2019 Nobel Memorial Prize in Economics. 
    The 22 students beginning the master’s program this week hail from 14 countries around the world, including Brazil, India, Jordan, Lithuania, Mexico, Nigeria, the United States, and Zimbabwe. 
    The students are pioneers of a new approach to higher education: College degrees and standardized test scores are not required for admission. Instead, applicants prove their readiness through their performance in online MITx MicroMasters courses, completing weekly assignments and taking proctored final exams. 
    The program’s unique admissions process reflects Banerjee, Duflo, and Olken’s ambition to democratize higher education, leveling the playing field to enable students from all backgrounds to succeed.
    The makeup of the cohort reflects this nontraditional approach to admissions. Students joining the Data, Economics, and Development Policy program possess a range of professional backgrounds, with experience in finance, management consulting, and government; and with organizations like UNICEF, Google, and The New York Times — one incoming student is even joining directly from high school. 
    Applying data for better public policy
    The master’s program combines five challenging MicroMasters courses, one semester of on-campus learning, and a summer capstone experience to provide students with an accessible yet rigorous academic experience. The curriculum is designed to equip students with the tools to apply data for more effective decision-making in public policy, with a focus on social policies that target poverty alleviation. 
    This includes coursework in microeconomics, econometrics, political economy, psychology, data science, and more — all designed to provide a practical, well-rounded graduate education. Many students hope to apply the knowledge they gain in the DEDP program to improve the lives of people in their home countries.
    Helena Lima, an incoming student from Brazil, plans to return to Brazil after graduation. “My goal [after completing this program] is to move the needle in Brazilian public education, contributing to increase access to high-quality schools for the most vulnerable people and communities,” says Helena. 
    Lovemore Mawere, an incoming student from Zimbabwe, shares this sentiment. “I intend to return home to Africa after the master’s program. I believe the experience and the skills gained will embolden me to take action and lead the fight against poverty.”
    Expanding access for all students
    The blended online and in-person structure of the program means that students spend just one semester on campus at MIT, but program administrators recognize that costs of tuition and living expenses can still be prohibitive. Administrators say that they are working on bringing these costs down and providing scholarship funding. 
    “We’ve partnered with the Hewlett Foundation to provide scholarships for students from sub-Saharan Africa, and are actively seeking other funding partners who share our vision,” says Maya Duru, associate director of education at J-PAL. “The individuals who apply to this program are incredibly smart, motivated, and resourceful. We want to work with donors to establish a sustainable scholarship fund to ensure that finances are never a barrier to participation.” 
    Esther Duflo, the MIT professor and Nobel laureate who helped create the program, emphasized the critical importance of the program’s mission. 
    “It is more important now than ever to ensure that the next generation of leaders understand how best to use data to inform decisions, especially when it comes to public policy,” says Duflo. “We are preparing our students to succeed in future leadership positions in government, NGOs, and the private sector — and, hopefully, to help shift their institutional cultures toward a more data-driven approach to policy.” More

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    Testing the waters

    In 2010, the U.S. Army Corps of Engineers began restoring the Broad Meadows salt marsh in Quincy, Massachusetts. The marsh, which had grown over with invasive reeds and needed to be dredged, abutted the Broad Meadows Middle School, and its three-year transformation fascinated one inquisitive student. “I was always super curious about what sorts of […] More

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    The new front against antibiotic resistance

    After Alexander Fleming discovered the antibiotic penicillin in 1928, spurring a “golden age” of drug development, many scientists thought infectious disease would become a horror of the past. But as antibiotics have been overprescribed and used without adhering to strict regimens, bacterial strains have evolved new defenses that render previously effective drugs useless. Tuberculosis, once held […] More

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    Study: State-level adoption of renewable energy standards saves money and lives

    In the absence of federal adoption of climate change policy, states and municipalities in the United States have been taking action on their own. In particular, 29 states and the District of Columbia have enacted renewable portfolio standards (RPSs) requiring that a certain fraction of their electricity mix come from renewable power tech­nologies, such as […] More

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    Sending clearer signals

    In the secluded Russian city where Yury Polyanskiy grew up, all information about computer science came from the outside world. Visitors from distant Moscow would occasionally bring back the latest computer science magazines and software CDs to Polyanskiy’s high school for everyone to share. One day while reading a borrowed PC World magazine in the […] More

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    Model beats Wall Street analysts in forecasting business financials

    Knowing a company’s true sales can help determine its value. Investors, for instance, often employ financial analysts to predict a company’s upcoming earnings using various public data, computational tools, and their own intuition. Now MIT researchers have developed an automated model that significantly outperforms humans in predicting business sales using very limited, “noisy” data. In […] More

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    A new way to regulate gene expression

    Sometimes, unexpected research results are simply due to experimental error. Other times, it’s the opposite — the scientists have uncovered a new phenomenon that reveals an even more accurate portrayal of our bodies and our universe, overturning well-established assumptions. Indeed, many great biological discoveries are made when results defy expectation. A few years ago, researchers […] More