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Progressive Degree Program (PDP) - Master of Science in Innovation Economics, Law and Regulation

The Master of Science in Innovation Economics, Law and Regulation degree provides graduates with the essential skills required to address the complexities of big data, artificial intelligence and machine learning innovations through the lens of antitrust, privacy, data security and intellectual property laws.

Master of Science in Innovation Economics, Law and Regulation students are required to complete 24* or 32 units of study. Students are required to enroll in 12 core units from Dornsife College of Letters, Arts and Sciences and 12 core units from Gould School of Law, with an additional 8 units of electives chosen from a list of approved course offerings.

*Progressive Degree Program candidates with a GPA of 3.3 and above may qualify to have the 8 units of electives waived.

Degree Outcomes and Career Paths

  • Understand the overlap between law and microeconomics, particularly in the fields of antitrust and intellectual property law
  • Develop interdisciplinary skills in economics and the regulation of markets that include analytical and written skills
  • Economists and consultants gain training enabling them to better interface with lawyers
  • Gain a comprehensive knowledge of the economic and regulatory complexities of digital service industries and innovation-driven workplaces

Career Paths

  • Policy Analyst
  • Market and Competition Policy
  • Economic Consultant
  • Economic Development Manager
  • Policy Advocate
  • Contract Specialist
  • International Relations Officer
  • Foreign Affairs Specialist
  • Investment Analyst
  • Regulatory Analyst
  • Market Oversight Manager

Potential Employers

  • Hardware/Tech Firms
  • Biotech
  • Big data/machine learning/artificial intelligence
  • Intellectual property and antitrust law
  • Regulation, manufacturing
  • Cyber law
  • Economics
  • STEM
  • Think tanks
  • Policy
  • Global health
  • Startup companies

Educational Plan Requirements

Master of Science in Innovation Economics, Law and Regulation (PDP/MIELR): 24 Units* or 32 Units

  • 12 core units of required courses from Dornsife
  • 12 core units of required courses from Gould
  • 8 units of electives from a list of Gould and Dornsife courses (*Students with a GPA of 3.3 and above may qualify to have the 8 units of electives waived, thus reducing the total units required for their degree to 24 units)
 

12 core units of required courses from Dornsife:

ECON 500: Microeconomic Analysis and Policy - 4 units toggle arrow icon

Theories of the household and the firm; product and factor markets; perfect and imperfect competition; welfare criteria.

ECON 513: Practice of Econometrics - 4 units toggle arrow icon

Application of econometric tools using standard econometric software packages for microcomputers; empirical applications to selected economic problems of estimation and inference.

ECON 580: Antitrust Economics and Competition Policy - 4 units toggle arrow icon

Efficiency, market failure, government regulation, some basics for antitrust economics, competition policy analysis and collusion and agreements among competitors. Prerequisite: ECON 500 or ECON 513.

12 core units of required courses from Gould:

LAW 510: Legal Research - 1 unit toggle arrow icon

Examination of the basic sources of law for federal and California jurisdictions, utilizing a vast array of sources from books to computer-assisted research and analyzing research methodology and techniques.

LAW 520: Introduction to the U.S. Legal System - 2 units toggle arrow icon

The basic structure of government in the U.S., including the constitutionally mandated division of power in the federal government and the federal system of power sharing between state and federal systems. A comparative perspective on selected substantive and procedural matters, such as common law reasoning, jury trials, adversary process, and various aspects of civil procedure.

LAW 753: Antitrust Law I - 3 units toggle arrow icon

Laws designed to preserve and promote business competition, with heavy emphasis on the federal antitrust laws.

LAW 772: Intellectual Property - 3 units toggle arrow icon

The protection of intellectual property and encouragement of creativity. Explores copyright, trademarks, patents, and selected state law theories.

LAW 801: Venture Capital and Emerging Companies - 2 units toggle arrow icon

Introduces students to the unique legal and financial aspects of the venture capital industry and the skills needed to represent entrepreneurs and venture capital investors.

LAW 890: Directed Research - 1 unit toggle arrow icon

One CR/D/F unit for a research proposal approved by a full- or part-time faculty supervisor; up to four graded units with academic dean’s approval of proposal by LLM or third-year JD student to produce a publishable paper under full-time professor.

8 units of electives from this list of LAW or ECON courses:

The elective units may be waived for students with a GPA of 3.3 and above.

Dornsife ECON courses:

ECON 501: Macroeconomic Analysis and Policy - 4 units toggle arrow icon

Theories of aggregate economic activity; design and use of macroeconometric models; stabilization and control of inflation, unemployment, and growth.

ECON 504: Game Theory with Economic and Financial Applications - 4 units toggle arrow icon

Students will cover large ground in applying game theory to economic and financial markets and interactions in a diverse set of examples like reputation, herding, bubbles and crashes, auctions, strategic information revelation and information accumulation in markets. We will witness the wide range of applications that is amenable to game theoretical analysis.
Prerequisite: ECON 303 and ECON 404 and MATH 544L and MATH 547.

ECON 515: Time Series Analysis - 4 units toggle arrow icon

Understanding and implementing models commonly used in time series econometrics. Emphasis is placed on intuition and application. Assists students understanding how to use time series data to test hypotheses and serve as an introduction to the ideas and techniques of forecasting.

ECON 570: Big Data Econometrics - 4 units toggle arrow icon

Introduction to the theory and practice of causal econometrics in modern settings of large-scale data. Major algorithms from machine learning focused on methodology and applications. Corequisite: ECON 513.

ECON 584: Economic Consulting and Applied Econometrics - 4 units toggle arrow icon

Economic methods to analyze issues of intellectual property, environmental damage, trademark infringement, brand value and consumer demand, using an applied econometric approach.
Corequisite: ECON 513.

Gould LAW courses:

LAW 689: Digital Media Transactions - 2 units toggle arrow icon

Focuses on the business, legal, and financial issues that relate to the creation, financing, and exploitation of digital media.

LAW 694: Cyberlaw: Legal Issues Impacting Providers & Users of Internet Services - 2 units toggle arrow icon

An overview of common legal issues impacting both providers and users of Internet services.

LAW 730: Computer Science for Lawyers - 2 units toggle arrow icon

Focuses on applied principles of litigation involving software, including mobile and web applications, databases and machine learning.

LAW 754: Antitrust and Intellectual Property - 2 units toggle arrow icon

Covers the interface between antitrust law and intellectual property law.

LAW 770: Technology Transactions - 2 units toggle arrow icon

Provides students with the foundation for advising clients on transactions involving patents, trade secrets and other technology-related rights.

LAW 773: Internet Law - 3 units toggle arrow icon

Integration of cyberspace and the Internet into existing legal structures. Topics include: First Amendment issues; intellectual property, privacy and child protection; criminal activity and governance and jurisdictional activities.

LAW 804: Information Privacy Law - 2 units toggle arrow icon

Surveys the legal framework concerning information privacy in the U.S., including developments in constitutional, tort, contract, property and statutory law to address emerging privacy threats.

LAW 810: Patent Law - 3 units toggle arrow icon

Patent laws, litigation, and the process of prosecuting the patent application. The concept of invention and ownership of rights under patents.

LAW 827: Counseling the Start-Up Company - 2 units toggle arrow icon

Role of the attorney in startup firms: business plan, employment agreements, lease, stock option plan, financing documents and distribution and strategic partnership arrangements.

Do I qualify?

To apply to the Progressive Degree Program (PDP), you must meet the following qualifications:

  • A cumulative GPA of a 3.3 or above (during application and throughout program).
  • Completed at least 64 total units of undergraduate course work (excluding AP, IB, or transfer units earned prior to graduation from high school)
  • A strong mathematical background - at least statistics with minimum grade of B+
  • A grade of B+ or higher in ECON 303 and ECON 305 or ECON 351 and ECON 352
  • A GPA of 3.3 and above qualify to have units reduced from 32 to 24 units. 8 units of electives will be waived (4 LAW units and 4 ECON units)
  • Submit a two-to-three-page (double spaced) personal statement that answers the following questions: [1] Why do you want to pursue the MIELR degree at USC Gould, [2] How do you plan to use this degree to advance your career, and [3] What strategies will you implement to be a successful graduate student?
  • Students may apply in their junior year (recommended) or senior year but no later than the semester prior to beginning graduate course work.

How to Apply

  1. Download the application form
  2. Make an appointment with the USC Gould advisor to draft a proposed course plan.
  3. Review the proposed course plan with your Major's undergraduate Advisor.
  4. Obtain signatures from your current undergraduate advisor.
  5. Email all signed documents including an updated STARS report to the USC Gould advisor at [email protected].
  6. The USC Gould advisor will be responsible for submitting your approved application and proposed course plan to the degree progress department.

Read more on the application process here: About the PDP Application

Application Deadline

We offer one start in the fall. Below is the upcoming start date:

Program StartApplication DeadlineFirst Day of Classes
Fall 2025June 18, 2025August 25, 2025

Scholarships

All USC undergraduate students admitted to our MIELR Progressive Degree Program will be considered automatically for merit scholarships. Those who are awarded a scholarship will be notified after their course plan has been reviewed by the MIELR Program staff and approved by USC's Degree Progress Office. Scholarship awards are merit-based and range from $2,500 to $10,000.

Scholarships are only applied to a MIELR/PDP student's account in the semester or semesters when he or she is enrolled in graduate classes only. Scholarship awards are not applied in semesters in which the student is enrolled in a mix of undergraduate and graduate classes.

Application Appointment

To get started on your application, set up your required appointment by contacting the Graduate & International Programs MIELR Program Team: https://www.calendly.com/uscgouldpdp

 

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