Mathematical Economics
Mathematical Economics Website
Advisers: Professor BROWN (Mathematics), ERICKSON (Mathematics), FENN (Economics); Associate Professor DE ARAUJO (Economics)
Students majoring in mathematical economics must successfully complete no fewer than 16 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 and mathematics. Majors then select electives in more advanced topics of mathematics and economics, before writing a senior thesis. 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.
Major Requirements
The Major
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.
MA 125 or 126 – Calculus 1 
1 unit 
MA 129 – Calculus 2 
1 unit 
EC 201 – Economic Theory 
1 unit 
Notice that while International Baccalaureate (IB) Higher Level and Advanced Placement (AP) courses may count toward college credit as the equivalents of Economics 100, 101 and/or 102, they will not substitute for Economics 201, a course which uses calculus as a fundamental tool of the discipline.
To graduate as a mathematical economics major, students must pass the allcollege requirements, while completing major components consisting of 10 units of required courses, four units of electives, and two units of senior thesis for a total of 16 units in the major.
A. Required Courses (10 units total)
Math (6 Units)
MA 125 or 126 
Calculus 1 or equivalent as approved by Math Department 
1 unit 
MA 129 
Calculus 2 or equivalent as approved by Math Department 
1 unit 
MA 204 
Calculus 3 or equivalent 
1 unit 
MA 217 
Probability and Statistical Modeling 
1 unit 
MA 220 
Linear Algebra 
1 unit 
MA 315 
Ordinary Differential Equations 
1 unit 

6 units 
Please note that Calculus 2 (MA 129) is a prerequisite for Linear Algebra (MA 220); and Calculus 3 (MA 204) and Linear Algebra (MA 220) are prerequisites for Differential Equations (MA 315).
Economics (4 Units)
EC 201 
Economic Theory 1 
1 unit 
EC 301 
Microeconomic Theory II 
1 unit 
EC 302 
Macroeconomic Theory II 
1 unit 
EC 403 
Econometric Theory 
1 unit 

4 units 
B. Electives (4 units total)
1. Economics elective
At least one elective from the following list, or other as approved in advance by the chair of the Department of Economics and Business.
EC 317 
Investments 
1 unit 
EC 343 
Environmental Economics II 

EC 344 
Industrial Organization 

EC 346 
Economics of Labor 

EC 347 
Economics of International Trade 

EC 371 
Money, Banking, and Financial Markets 

EC 372 
Economic Development 

EC 377 
Economics of International Finance 
2. Mathematics elective
At least one elective from the following list, or other as approved in advance by the chair of the Department of Mathematics.
MA 313 
Probability 
1 unit

MA 325 
Graph Theory (2 units*) 

MA 340 
Topics in Mathematics: Mathematical Modeling 

MA 375 
Real Analysis I (2 units*) 

MA 416 
Partial Differential Equations 

MA 417 
Mathematical Statistics 

MA 418 
Numerical Analysis 
3. Mathematical Economics elective
At least one elective from the following list, or other as approved in advance by the chair of the Department of Economics.
EC 404 
Advanced Topics in Mathematical Economics 
1 unit 
EC 405 
Mathematical Economics of Addiction 

EC 406 
Mathematical Economics of Game Theory 

EC 407 
Mathematical Economics of Growth 
4. Additional Mathematical Economics or Mathematics elective
At least one additional elective from either: the mathematics electives (part B #2) or mathematical economics electives (part B #3) category. 
1 unit 
*Both Real Analysis I (MA 375) and Graph Theory (MA 325) count as 2 units towards the majorsatisfying requirements #2 and #4 under part B.
C. EC 496  Senior Thesis in Mathematical Economics (2 units total)
DISTINCTION IN MATHEMATICAL ECONOMICS is awarded by action of both departments (math and economics/business) 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.