Mathematics/Economics

This interdisciplinary major combines coursework in both the mathematics and economics programs. It is suitable for economics students who are interested in the technical/mathematical aspects of economics, and mathematics students who are interested in applied problems in economics. The major requirements provide a solid foundation for graduate studies or careers in applied mathematics, finance or various fields of economics.

Requirements for the Mathematics/Economics Major (12 Credits)

Economic theory (3)

• ECON 122 Principles of Microeconomics
• ECON 123 Principles of Macroeconomics, and
• ECON 357 or 358 Intermediate Micro/Macroeconomics

Mathematical theory (2)

• MATH 251 Foundations of Advanced Mathematics, and
• MATH 253 Linear Algebra

Data Analysis* (1)

One of the following courses

• MATH 266 Probability and Statistics
• ECON 230 Economic Statistics
• ECON 452 Introduction to Econometrics and Forecasting
  *Only one of MATH 266 and ECON 230 can be applied to the major.

Electives** (5)

Any 2 additional courses in Economics numbered 300 or higher. Highly recommended are:

• ECON 458 Mathematical Economics
• ECON 452 Introduction to Econometrics
• ECON 357 or 358 Intermediate Micro/Macroeconomics

Any 3 additional courses in Mathematics numbered 200 or higher. Highly recommended are:

• MATH 249 Multivariate Calculus
• MATH 256 Differential Equations
• MATH 349 Numerical Analysis
• MATH 446 Real Analysis
  **At least one 400-level course must be taken in each department.

Senior Experience (1)

MAEC 499 (W) Senior Experience
An independent study advised by a faculty member(s) in either mathematics or economics (or both). Each student completes a research paper that demonstrates mastery of mathematical techniques; e.g., modeling or data analysis, as they apply to a topic in economics. Other activities include written and oral analysis of related work and oral presentation(s) of their paper.

Indicators of Achievement

Student Learning Outcomes for the Mathematics/Economics Major

1. The student is proficient in mathematical thinking, including correct use of mathematical notation, formulating conjectures, reading and writing proofs, and problem-solving.
2. A successful student will be able to understand and formulate arguments that predict and evaluate market and public policy outcomes.
3. The student can understand and apply mathematical tools and methods to formulate economic arguments.
4. The student can communicate these arguments both orally and in writing to a nontechnical audience.

Faculty

• Peter Otto, Assistant Professor of Mathematics
• Kathryn Nyman, Assistant Professor of Mathematics
• Nathan Sivers Boyce, Assistant Professor of Economics