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Mathematical Economics

Applicable for the 2014-2015 academic year.

Mathematical Economics Website

Advisers: Professor TINSLEY (Math); Associate Professor DE ARAUJO (Economics), FENN (Economics), TAYLOR (Math)

The mathematical economics 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 finance. Students majoring in mathematical economics must successfully complete no fewer than 15 units of listed courses in mathematics (MA) and economics and business (EC), including a senior thesis.

Major Requirements

To solidify basic problem-solving skills, all majors must initially take a common set of required courses in economic theory, calculus, linear algebra, and differential equations. Depending on individual course prerequisites, majors may then directly fulfill the elective requirement, which undertakes a more advanced treatment of mathematical economics, and complete a sequence of courses that provide exposure to the statistical modeling of data.

Students desiring to major in mathematical economics are required to pass the following prerequisites prior to admission into the major: EC150 (or 151 and 152), MA126, and MA129. In addition to those courses, all majors must complete MA220, MA315, EC207, EC209, MA217, EC408, EC392, and EC496, plus one approved MA elective course and one approved EC elective course. A list of approved electives may be obtained from either department or from the economics and business department website. Distinction in Mathematical Economics is awarded by action of the departments to up to the top 20 percent 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 15 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
  Total units    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)

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

 B.         Statistical Modeling Courses (Total 2 Units)

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

Students should complete MA217 prior to enrolling in EC408

C.         Electives (Total 3 Units)

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

D.         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