The following cleans up the grammar for you:
As one of the leading departments in MIT, the Department of Economics offers a wealth of research opportunities for undergraduates. The department is unique in that it works closely with many other departments in MIT, bringing the techniques of modern economics into other research programs, an approach I find particularly appealing. I am confident that I would be able to contribute to the research program as I am keen to become involved in research. Moreover, there are many award winners and even Nobel Prize winners in the department and it would be my pleasure if I had the opportunity to work with them.
It does not, however, fix the main problem of the answer, namely that it is too lacking in specificity. What sort of interdisciplinary work does the department do, exactly? How would you get involved in the research? Which prize winners are you particularly interested in working with? etc.
Sean, EssayForum.com