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Mathematical Economics Major

Objectives 

Students majoring in Mathematical-Economics must successfully complete no fewer than 15 units of listed courses in Mathematics (MA) and Economics (EC), including a senior thesis. To solidify basic problem solving skills, all majors must initially take a common set of required courses in economic theory, calculus, linear algebra, and/or differential equations. Contingent on individual course prerequisites, majors may then directly fulfill the elective requirement which undertakes a more advanced treatment of mathematical economics, or complete a sequence of courses that provide exposure to the statistical modeling of data. The major provides strong training for students pursuing private sector careers in investment banking, forecasting, applied mathematics, or finance, as well as graduate work in economics, operations research, and financial engineering.

Prerequisites

Students desiring to major in mathematical economics are required to pass the following prerequisites prior to admission into the major. If a student has not taken all three of these courses, that student may be admitted only if currently scheduled for a later section or by consent of the chair if mitigating circumstances exist.

Economics 150 (or 151 and 152) - Principles of Economics                  2 units

Mathematics 126 – Calculus 1                                                        1 unit

Mathematics 129 – Calculus 2                                                        1 unit

DISTINCTION IN MATHEMATICAL ECONOMICS is awarded by action of the Department to up to the top 20% of graduating majors based on their GPA within the major with the provision that they have also received an A in Senior Thesis.

Course of Study for the Mathematical Economics Major

To graduate as a Mathematical Economics major, students must pass a total of 15 units. The fifteen units include eight units of required courses, two units of statistical modeling courses, three units of electives, and two units of senior thesis.

A.         Required Courses (Total 8 Units) 

            Math (4 Units)

1. MA126 Calculus 1  1 unit
2. MA129 Calculus 2  1 unit
3. MA220 Linear Algebra  1 unit
4. MA315 Differential Equations  1 unit
                   
       4 units

Please note, Calculus 2 (MA129) is a prerequisite for Linear Algebra (MA220), and Linear Algebra is a prerequisite for Differential Equations (MA315)

            Economics (4 Units)

EC150 (or 151 152) Principles of Economics  2 units
EC207 Intermediate Microeconomic Theory  1 unit
EC209 Intermediate Macroeconomic Theory  1 unit
     4 units 

B.         Statistical Modeling Courses (Total 2 Units)

1. MA217 Probability and Statistical Modeling  1 unit
2. EC408 Econometrics  1 unit
       2 units

Students should complete MA217 prior to enrolling in EC408 

B.         Electives (Total 3 Units)

1. EC 392 Advanced Topics in Mathematical Economics  1 unit
2.
3.
MA elective
EC elective
 } See list of approved courses on Page 3  1 unit
 1 unit
       3 units

C.         EC 496 - Senior Thesis (Total 2 Units)                         2 units

TOTAL MINIMUM REQUIRED CREDIT.....................................15 units

Students majoring in Mathematical Economics are required to meet all College requirements.

Courses that satisfy the EC elective requirement:

Econ 306: Industrial Organization

Econ 317: Investments

Econ 330: Public Finance

Econ 335: Environmental Economics

Econ 336: Economics of Labor

Econ 337: Development Economics

Econ 342: Economics of International Trade

Econ 344: Economics of International Finance

Courses that satisfy the MA elective requirement: 

Math 313: Probability (1 Unit)

Math 316: Partial Differential Equations (1 Unit)

Math 318: Numerical Analysis (1 Unit)

Math 325: Graph Theory

Math 340: Topics in Mathematics: Mathematical Modeling

Math 375: Mathematical Analysis

Math 410: Complex Analysis

Math 417: Mathematical Statistics

Math: Stochastic Processes (1 Unit)*

Courses that satisfy the (ME) requirement at the elective stage will be

taught as EC 392, Advanced Topics in Mathematical Economics. 

Below are some of the planned topics.

  • Micro/ Macro

  • Business and Finance

  • Economic Growth

  • Time Series Analysis

  • Mathematical Finance

  • Investment Science

  • Topics in Econometrics: Financial Modeling

  • Game Theory

  • Decision Theory

*being considered as a future course