Quantitative Economics

Description of Program

This major offers integrated study in mathematics, statistics, and economics. The program is to prepare students for graduate study in economics (M.A. or Ph.D. programs) or business (Ph.D. programs or quantitatively oriented M.B.A. programs). The program also prepares students for research-oriented jobs in government, business, or consulting. The major is offered either in the Department of Mathematics and Computer Science within the College of Arts and Sciences (earning a B.A. degree) or in the College of Business and Public Administration (earning either a B.A. or B.S.B.A. degree), depending on the college in which the student is enrolled.

Requirements for Major

All students must complete the following, in addition to fulfilling the requirements of the Drake Curriculum.

  • Mathematics (21 hours)
    • Math 50 — Calculus I
    • Math 70 — Calculus II
    • Math 80 — Linear Algebra
    • Math 100 — Calculus III
    • Math 110 — Multivariate Calculus
    • At least one elective course in Mathematics at the 100 level chosen from the following list:
      • Math 120 — Applied Differential Equations I
      • Math 125 — Mathematical Modeling
      • Math 176 — Advanced Linear Algebra
      • Math 184 — Introduction to Real Analysis
      • Game Theory (in preparation)

        Courses in differential equations are especially recommended for those students who are interested in an advanced degree in mathematical financial economics.
  • Statistics (6 hours)
    • Stat 131— Introduction to Probability I
    • Stat 72 — Statistics II OR Stat 141 Statistical Modeling and Data Analysis I
  • Economics (21 hours)
    • Econ 1 — Principles of Macroeconomics
    • Econ 2 — Principles of Microeconomics
    • Econ 173 — Intermediate Microeconomics
    • Econ 174 — Intermediate Macroeconomics
    • Econ 107 — Introduction to Econometrics OR Stat 142 - Statistical Modeling and Data Analysis II
    • Two elective courses in Economics at the 100 level
  • Capstone (1 or 3 hours)
    • Students choose one of the following, depending on the college and degree to be earned:
      • Math 195 for A&S Majors (3 hours)
      • Econ 199 for the B.A. degree in CBPA. majors (1 hour)
      • BUS 195 for the B.S.B.A. in CBPA. (3 hours)

Students earning the B.S.B.A. degree must also complete the required business core curriculum.

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