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Quantitative Economics

The information on this page pertains to students who were admitted to Drake during the 2018-2019 academic year or were admitted to Drake prior to the 2018-2019 academic year and declared a change to the 2018-2019 catalog requirements.

Students can view the catalog year to which they belong by viewing MyDUSIS > Student Services & Financial Aid tab > Student Records link > View Student Information link. Students who do not belong to the 2018-2019 academic catalog should use the navigation menu on the left of this page to consult the requirements of their particular catalog.

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Economics department web site

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


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.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 Credits
Mathematics
MATH 050 - Calculus I 4
MATH 070 - Calculus II 4
MATH 080 - Linear Algebra 3
MATH 100 - Calculus III 4
Electives* - select two courses from the following:
MATH 101 – Mathematical Reasoning 3
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
Statistics
ACTS 131 and ACTS 131L - Introduction to Probability I 3.5
STAT 072 - Statistics II, or
ACTS 135 - Statistical Modeling and Data Analysis I
3
3
Economics
ECON 002 - Principles of Microeconomics 3
ECON 010 - Principles of Macroeconomics 3
ECON 170 - Introduction to Econometrics 3
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 191 - Mathematics Capstone - For students in College of Arts and Sciences 1
ECON 190 - Seminar in Economics - For students in the College of Business and Public Administration 3

*Courses in differential equations are especially recommended for students interested in an advanced degree in mathematical financial economics.

All candidates must also satisfy the requirements of the Drake Curriculum.  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.A. degree in Quantitative Economics must complete special requirements set by the College of Arts and Sciences.

 

 


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