Quantitative Economics

Degree Options

Bachelor of Arts or Bachelor of Science in Business and Administration degrees with a major in quantitative economics.

Description of Program

Quantitative Economics is a joint program of the College of Business and Public Administration 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.

Two degree options are offered: a Bachelor of Science in Business Administration (B.S.B.A.) with a major in Quantitative Economics, and a Bachelor of Arts (B.A.) with a major in Quantitative Economics. Students who choose the B.S.B.A. degree should enroll in the College of Business and Public Administration. Students who choose the B.A. degree may enroll in either the College of Business and Public Administration or the College of Arts and Sciences.

Requirements for Major

The quantitative economics major requires 15 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.

  • Mathematics (21 credits)
    • MATH 050 (Calculus I)
    • MATH 070 (Calculus II)
    • MATH 080 (Linear Algebra)
    • MATH 100 (Calculus III)
    • At least two elective course in Mathematics at the 100 level chosen from the following list:
      • MATH 110 (Multivariate Calculus)
      • MATH 120 (Applied Differential Equations I)
      • MATH 125 (Mathematical Modeling)
      • MATH 127 Game Theory
      • MATH 176 (Advanced Linear Algebra)
      • MATH 184 (Introduction to Real Analysis) Courses in differential equations are especially recommended for students interested in an advanced degree in mathematical financial economics.
  • Statistics (6 credits)
    • STAT 131 (Introduction to Probability I)
    • STAT 072 (Statistics II), OR STAT 141 (Statistical Modeling and Data Analysis I)
  • Economics (21 credits)
    • ECON 001 (Principles of Macroeconomics)
    • ECON 002 (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 credits)
    • Students choose one of the following, depending on the college and degree to be earned:
      • MATH 195 for A&S Majors (3 credits)
      • ECON 199 for the B.A. degree in CBPA majors (1 credits)
      • BUS 195 for the B.S.B.A. in CBPA (3 credits)

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

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