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Mathematical Economics

Graduates with strong analytical skills are highly valued in today’s increasingly data-driven and interconnected business world. The Mathematical Economics major provides a course of study that allows students to not only acquire some of these highly valued analytical skills, but also integrates that knowledge with a deeper understanding of the business world. This combination of mathematics and economics knowledge makes Mathematical Economics graduates both highly competitive on the job market and excellent candidates for graduate school.

The Mathematical Economics major satisfies the requirements for the B.S. degree in the School of Arts & Sciences. It requires students to take 12 core units followed by 4 elective courses. The core courses serve to build a strong basic foundation in both economics and mathematics. The elective courses then allow the student to tailor their major to their post-graduation goals. To provide further breadth to their education Math-Econ majors may also declare additional majors (including in the Business School) as long as these additional majors are not Economics or Mathematics.

Recent Math-Econ graduates have chosen electives sequences towards post-graduation paths that include jobs in finance, economics, actuarial sciences, consulting, and management, and graduate school in economics, statistics, strategy, and business. Advisors and coordinators in the major work closely with students to choose electives consistent with the students’ short and long-term goals. The program coordinators additionally work with other departments to help Math-Econ majors take non-major courses that complement their studies towards post-graduation goals in fields such as finance, consulting, and actuarial sciences.

The Mathematical Economics Major

Note: A grade point average of C (2.00) is required in the major, with no course grade below a C- (1.70) in courses counting towards the major.

16 units, including

Required Core

CMSC 150 Introduction to Computing or CMSC 155 Introduction to Scientific Computing
ECON 101 Principles of Microeconomics
ECON 102 Principles of Macroeconomics
ECON 270 Introductory Econometrics
ECON 271 Microeconomic Theory
ECON 272 Macroeconomic Theory
ECON 341 Mathematical Economics
MATH 211 Calculus I
MATH 212 Calculus II
MATH 235 Multivariable Calculus
MATH 245 Linear Algebra
MATH 329 Probability

Two units of mathematics electives at the 300 level
Two units of economics electives at the 300 level

Students are expected to fulfill all prerequisites necessary for courses within the major. Prerequisites do not count toward the major unless otherwise noted.

Mathematical economics majors may not select mathematics or economics as an additional major or minor.