Quantitative Economics

Degree Options

Bachelor of Arts, Bachelor of Science, 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 (MA or PhD programs) or business (PhD programs or quantitatively oriented MBA 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 College of Business and Public Administration 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 College of Business and Public Administration (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.

Mathematics:

• Math 50 (Calculus I)
• Math 70 (Calculus II)
• Math 80 (Linear Algebra)
• Math 100 (Calculus III)
• Two elective courses 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 (Introduction to 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:

• Acts 131 (Introduction to Probability I)
• Stat 72 (Statistics II), OR Acts 141 (Statistical Modeling and Data Analysis I)

Economics:

• Econ 1 (Principles of Macroeconomics)
• Econ 2 (Principles of Microeconomics)
• Econ 173 (Intermediate Microeconomics)
• Econ 174 (Intermediate Macroeconomics)
• Econ 107 (Introduction to Econometrics), OR Acts 170 (Statistical Modeling and Data Analysis II)
• Two elective courses in economics at the 100 level

Capstone: Students choose one of the following, depending on the college and degree to be earned:

• Students in College of Arts and Sciences: Math 195
• Students in CBPA earning B.A. degree: Econ 199
• Students in CBPA earning B.S.B.A. degree: BUS 195

Students earning the B.S.B.A. degree must also 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.