This information is part of the .
The major is designed to encourage a student with strong interests in the two areas to develop a deeper understanding of economics by viewing it, in part, as an area of applied mathematics. This major should be considered seriously by all those intending to pursue graduate studies in economics, business, or quantitative social science, and also by those desiring a more flexible commitment to the major programs in these two departments.╠řAs its name suggests, the Mathematical Economics major is mathematically intense. Students declaring this major should possess a high level of aptitude in both mathematics and economics, and they should be prepared to apply advanced mathematical skills toward problems in economics. Similar to the economics major, the╠řmathematical economics major meets the classification as a STEM discipline according to the United States Citizenship and Immigration Services (USCIS) so that international students are eligible for a 24-month Optional Practical Training (OPT) extension.
Students who are considering graduate school in economics are strongly encouraged to take additional mathematics courses, including MATH 377╠ř-╠řReal Analysis I .
Prospective majors should aim to complete ECON 151, ECON 251, ECON 252, statistics, and╠řMATH 163╠ř-╠řCalculus III ╠řby the end of sophomore year, especially if they plan to study abroad during their junior year.
At least one of the ten economics courses must be a senior-level seminar (at the 410 level or above). ECON 490╠řcannot be used to satisfy the seminar requirement except in unusual circumstances and with the permission of the department chair.
The major consists of three mathematics courses and ten economics courses unless pre-matriculation credit (e.g., AP or transfer student credit) for╠řECON 151╠ř╠řhas been received. Students who have received pre-matriculation credit for ECON 151╠řmust complete a minimum of nine (9) economics courses.
The major requirements consist of the following:
All of the Following
- ECON 151╠ř-╠řIntroduction to Economics (prerequisite to all advanced ECON courses at the 200-400 level)
- ECON 251╠ř-╠řIntermediate Microeconomics (must earn a grade of C or better)
- ECON 252╠ř-╠řIntermediate Macroeconomics (must earn a grade of C or better)
- ECON 375╠ř-╠řApplied Econometrics (must earn a grade of C or better) ECON 375 has two mathematics prerequisites, each of which can be satisfied in multiple ways:MATH 161╠ř-╠řCalculus I , MATH 162╠ř-╠řCalculus II , or MATH 163╠ř-╠řCalculus III ; or the equivalent international exam transfer credit╠ř(e.g., A-Levels, International Baccalaureate) or other transfer credit may be eligible for an exemption for MATH 161, per approval by the department chair.╠řStudents who have taken an equivalent course may petition the department chair for an exemption.MATH 105╠ř-╠řIntroduction to Statistics ╠řor╠řCORE S143╠ř-╠řIntroduction to Statistics . Students who have taken an equivalent course (such as BIOL 320╠ř-╠řBiostatistics ╠řor PSYC 309╠ř-╠řQuantitative Methods in Behavioral Research ) may petition the department chair for an exemption. Students with an equivalent international exam transfer credit (e.g., A-Levels, International Baccalaureate) or other transfer credit may be eligible for an exemption for MATH 105, per approval by the department chair.
- A senior-level seminar (at the 410 level or above). ECON 490╠řcannot be used to satisfy the seminar requirement except in unusual circumstances and with the permission of the department chair.╠řIf students take ECON 474 or 475 for their seminar, they need to take an additional 300-level elective to satisfy the requirement of ten economics classes.
- MATH 163╠ř-╠řCalculus III
- Two additional MATH courses (MATH 214╠řor higher) chosen in consultation with the student's adviser
- Two additional economics electives (excluding ECON 105), beyond the courses listed below. At least one of these electives must be numbered above 300.
Three of the Following
At least three of the following mathematically-oriented economics courses, in addition to those listed above:
- ECON 345╠ř-╠řGames and Strategies
- ECON 355╠ř-╠řAdvanced Macroeconomics
- ECON 357╠ř-╠řAdvanced Microeconomic Theory
- ECON 374╠ř-╠řMathematical Economics
- ECON 385╠ř-╠řAdvanced Econometrics
- ECON 474╠ř-╠řSeminar in Mathematical Economics
- ECON 475╠ř-╠řSeminar in Econometrics
Satisfactory completion of the major requires a minimum GPA of 2.00 in the 13 courses in the major.
Honors and High Honors
Students interested in pursuing honors can find the additional requirements on the Economics╠řdepartment╠řpage.
In order to declare the major, students must have first earned a grade of C or better in either╠řECON 251╠řor ECON 252. Students who declare a major while enrolled in one of these courses may file "provisional" major declarations. Students with a grade lower than C in ECON 251, ECON 252, or ECON 375╠řmay not declare a major until a grade of C or higher is earned.
For more information about the department, including Faculty,╠řtransfer credit, awards, etc.,╠řplease visit the╠řEconomics department╠řcatalog╠řpage.