Economics is a social science that is heavily dependent on mathematical tools. A Bachelor of Science in Mathematical Economics (General Concentration) gives students an opportunity to learn economics while gaining a solid foundation in mathematics. This major is ideal for students who are considering advanced graduate studies in economics as well as anyone who's interested in pursuing more technical, data-analytical jobs in economics. B.S. in Mathematical Economics qualifies for STEM OPT extension.
While not required, this major is ideally combined with second major or minor to complement this degree. The second major may not be economics, business economics, or mathematics. The minor may not be economics or mathematics.
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The major requires 49 hours. To be admitted into the Mathematical Economics major, students must have earned a minimum of 60 hours (with at least 12 hours completed at WKU) with the overall GPA of at least 2.0. Additionally, students must complete the following courses with a minimum GPA of 2.0:
Throughout history, mathematics has helped to improve the human condition. Economics, meanwhile, has explored how resources are conserved, spent, allocated. Using numbers and data as problem-solving tools to impact people and policies provides ample opportunity for the two disciplines to come together in a single academic program.
The major is intended for those students who wish to combine these two areas of study but do not want to limit their course work in other liberal arts areas by having to take all of the classes necessary for completion of the two majors.
Gain real-world experience and explore potential careers through off-campus internships. In recent years, our students have interned for Goldman Sachs; NorthPointe Capital; Ernst & Young; Baird Investment Bank; PricewaterhouseCoopers; Quicken Loans; Pfizer; and Heitman Real Estate Investment.
Students completing the major in mathematics/economics will be well prepared to enter a career in business consulting or to enroll in graduate programs in economics, operations research or applied mathematics. Many attend MBA programs. Demand is high in both industry and government for employees with training in mathematics and economics.
Albion College is an undergraduate, liberal arts institution committed to academic excellence. We are learning-centered and recognize that valuable learning takes place in and outside the classroom, on and off campus. We prepare students to translate critical thought into action.
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. As 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 mathematical 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.
Prospective majors should aim to complete ECON 151, ECON 251, ECON 252, statistics, and MATH 163 - Calculus III by 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 cannot 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 ECON 151 has been received. Students who have received pre-matriculation credit for ECON 151 must complete a minimum of nine (9) economics courses.
In order to declare the major, students must have first earned a grade of C or better in either ECON 251 or 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 may not declare a major until a grade of C or higher is earned.
This major was designed for students who may be interested in the quantitative aspects of economic analysis and mathematics. Graduates will be well prepared to pursue a career in business or industry (such as forecasting, analysis, or research). However, many students completing this degree will choose to enter graduate school in economics, business, applied mathematics, or a related field. The curriculum for the joint major consists of nine economics courses, including the core theory courses and some quantitative field courses, seven mathematics courses, and two courses in statistics.
The joint major provides not only a set of requirements but also suggested course sequences of mathematics and economics courses that are compatible with each other and that prepare students for various specialties. The courses follow.
Students in the joint major in mathematics and economics (MA33 in the mathematics department and EN28 in the economics department) cannot double major with any other major in the mathematics department or with any other major in the economics department.
This joint major provides a program of study for students who seek the option of taking a quantitatively oriented job in industry or who intend to enter graduate school in applied mathematics, statistics, economics, business, or a related area such as operations research or management science. The program is advantageous to students who otherwise would take a double major or a single major in mathematics and/or economics. The joint major provides not only a set of requirements but also suggested course sequences of mathematics and economics courses that are compatible with each other and prepare students for various specialties.
There are three areas in economics that are very closely related to mathematics: economic theory, stat-econometrics, and mathematical economics. A mathematics-economics joint major includes courses in each of the three areas. In order to acquire the appropriate mathematical background to take courses in these areas, as well as to develop a good foundation in mathematics relative to the careers mentioned earlier, joint majors take appropriate basic mathematics courses. For students in the joint major, the basic mathematics courses replace the economics "mathematics for economists" prerequisites.
The departments of mathematics and economics offer a program leading to graduation with departmental honors in the joint major. For a degree with departmental honors, a student must take the required economics courses with the added stipulations that ECON 1180 and a proseminar (ECON 1700-1730) must be taken as the two upper-level field courses. The student must also take the following 27 credits of mathematics courses in place of the mathematics courses previously listed for the joint major in mathematics-economics.
Given the mathematical and graphical models used extensively in economics, economics and mathematics are natural partners. Our combined major with mathematics is designed for students who want to further develop their mathematics skills to enhance their understanding and interest in economics. This combined major is strongly recommended for students with an interest in pursuing graduate studies in economics.
Complete all courses listed below unless otherwise indicated. Also complete any corequisite labs, recitations, clinicals, or tools courses where specified and complete any additional courses needed beyond specific college and major requirements to satisfy graduation credit requirements.
All Purdue students may choose to minor in Economics (except Econ majors). Complete 15 credit hours from the Economics minor plan of study, which features the Economics of Sports, Antitrust and Regulation, Labor Economics, and more. Students may earn only one of four econ minors: the Business Economics Minor, the Behavioral Economics Minor, the Economics Minor, or the Mathematical Economics Minor.
If you are a non-business school student, or an Economics major, you may choose to minor in Management. This requires you to successfully complete 18 credit hours from the minor's plan of study. Learn business accounting, microeconomics, financial management and more!
All Purdue students may choose to minor in Mathematical Economics (except Econ majors). The minor's 15 credit hours teach students to apply mathematical methods to analyze economic problems and evaluate public policies. Students may earn only one of three econ minors: the Business Economics Minor, the Economics Minor, or the Mathematical Economics Minor.
The Real Estate Minor helps students in non-business majors acquire basic knowledge in business and economics, and develop in-depth knowledge in real estate issues and practices. It allows students to broaden or enhance their knowledge of their major field and create a unique skill set for specialized real estate-related careers. The minor requires 18 credit hours.
The Real Estate Finance Minor allows students in business-related majors to develop in-depth knowledge of theory and practices in real estate and strengthen their leadership skills to pursue careers in real estate planning and development, investment banking, real estate valuations, asset management, and related areas. This minor requires 18 credit hours. 152ee80cbc
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