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In the 1890s, economists including Francis Amasa Walker and Davis Rich Dewey taught courses in economics to the undergraduate students. [1] It was known as the Department of Economics and Social Sciences (1932). In 1937, the department established a graduate program, while in 1941, it established a Ph.D. program. [2]
MIT Sloan completed its new central building, known as E62, in 2010. The MIT Sloan School of Management began in 1914 as the engineering administration curriculum ("Course 15") in the MIT Department of Economics and Statistics. The scope and depth of this educational focus grew steadily in response to advances in the theory and practice of ...
MITES, or MIT Introduction to Engineering and Science, is a highly selective six-week summer program for rising high school seniors held at the Massachusetts Institute of Technology. Its purpose is to expose students from underserved and underrepresented backgrounds to the fields of science and engineering.
The MIT Educational Studies Program was established in 1957; in that same year, it started running the Summer Studies Program (SSP), known as the High School Studies Program (HSSP) since 1967. [1] [2] SSP originally provided college freshman level classes in more traditionally academic subjects like math and science. By 1969, HSSP grew to ...
MIT's endowment, real estate, and other financial assets are managed through by the MIT Investment Management Company (MITIMCo), a subsidiary of the MIT Corporation created in 2004. [173] A minor revenue source for much of the Institute's history, the endowment's role in MIT operations has grown due to strong investment returns since the 1990s ...
Economics classes make extensive use of supply and demand graphs like this one to teach about markets. In this graph, S and D refer to supply and demand and P and Q refer to the price and quantity. The following outline is provided as an overview of and topical guide to economics:
MIT has relatively few formal traditions, compared to many other universities, but has a rich culture of informal traditions and jargon. There are a few "big events" such as Commencement (graduation), but many smaller, decentralized activities sponsored by departments, labs, living groups, student activities, and ad hoc groups of MIT community members united by common interests.
A two-sided market, also called a two-sided network, is an intermediary economic platform having two distinct user groups that provide each other with network benefits. The organization that creates value primarily by enabling direct interactions between two (or more) distinct types of affiliated customers is called a multi-sided platform. [1]