Mathematical and Statistical Sciences

Mathematics and Economics

Economists rely heavily on mathematical and statistical methods when they study how a society produces, consumes, and distributes goods and services.  Therefore, mathematical and statistical techniques for economic analysis are integrated in every economics program.  By choosing one of our programs in Mathematics and Economics, you will not only learn the essentials of economics and the related mathematical and statistical tools, but also better understand the mathematics and statistics behind these tools.

The programs in Mathematics and Economics are based on a set of core courses in economics, mathematics, and statistics.  In the core courses in economics, you will learn about microeconomic theory (the study of individual markets) and macroeconomic theory (the study of the aggregate economy).  In the core courses in mathematics, you will learn methods from calculus and linear algebra, and in the core courses in statistics, you will learn probability theory as well as statistical estimation and testing.  To complete your program, you can choose from a wide variety of courses in economics, mathematics, statistics, and computing science, providing you with opportunities to tailor the program to your interests.

The programs in Mathematics and Economics prepare students for employment in business or government, or further study.  While a Bachelor’s degree is sufficient for apprentice economists and assistant jobs in economics, a career as professional economist usually requires a Master’s degree in economics or econometrics.  Our Honors Mathematics and Economics program is particularly well suited to prepare for a Master's degree because of its emphasis on analytic and abstract skills, which are indispensable for an economist.  Economists with a quantitative background are often employed as consultants to advise business, industry, or government. They work in many sectors of the economy, for example, for governmental organizations or large companies in finance, insurance, or real estate.

Degree options in Mathematics and Economics are as follows:

Honors in Mathematics and Economics (Calendar section 194.10.9)

Specialization in Mathematics and Economics (Calendar section 194.10.10)