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Quantitative Economics

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Quantitative Economics

Available Options

Economics department web site

Math and Computer Science department (within the College of Arts and Sciences) web site

Program Overview

Quantitative economics is a joint program of the College of Business and Public Administration (CBPA) and the Mathematics Department of the College of Arts and Sciences. The program offers integrated study in mathematics, statistics, and economics. The program is designed 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.

Students who choose the B.A. degree may enroll in either the CBPA or the College of Arts and Sciences. Students who choose the B.S. degree should enroll in the College of Arts and Sciences. Students who choose the B.S.B.A. degree should enroll in the CBPA.

Requirements for Major

The quantitative economics major requires 21 credits of mathematics, 6 credits of statistics, and 21 credits of economics. All students must complete the following, in addition to fulfilling the requirements of the Drake Curriculum.

Course Credit Hours
MATH 050 - Calculus I 4
MATH 070 - Calculus II 4
MATH 080 - Linear Algebra 3
MATH 100 - Calculus III 4
Electives - select two courses at the 100-level from the following:  
MATH 110 - Multivariate Calculus 3
MATH 120 - Applied Differential Equations I 3
MATH 125 - Mathematical Modeling 3
MATH 127 - Introduction to Game Theory 3
MATH 176 - Advanced Linear Algebra 3
MATH 184 - Introduction to Real Analysis 3
Courses in differential equations are especially recommended for students interested in an advanced degree in mathematical financial economics.  
ACTS 131 - Introduction to Probability I 3

STAT 072 - Statistics II, or

ACTS 141 - Statistical Modeling and Data Analysis I

ECON 002 - Principles of Microeconomics 3
ECON 010 - Principles of Macroeconomics 3

ECON 107 - Introduction to Econometrics, or

ACTS 170 - Statistical Modeling and Data Analysis II

ECON 173 - Intermediate Microeconomics 3
ECON 174 - Intermediate Macroeconomics 3
Electives - Select two courses in economics at the 100-level  
Capstone - Choose one of the following, depending on the college  
MATH 195 - Topics in Math - For students in College of Arts and Sciences 0-3
ECON 190 - Seminar in Economics - For students in the College of Business and Public Administration 1-4

Students earning the B.S.B.A. degree also must complete the required business core curriculum set by the College of Business and Public Administration. Students earning the B.S. degree in Quantitative Economics must complete special requirements set by the College of Arts and Sciences.

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