Mathematical Economics, BA

Economics is a social science and, as such, an important component of the liberal arts curriculum. At the core of economics are theories of how individuals, firms, and other organizations make choices and interact, taking into account constraints on their behaviors. Among the topics studied in economics are the following:

  • The determination of prices and quantities in various types of markets, from perfectly competitive commodity markets to highly regulated utility markets and internet auctions.
  • The effects of taxes, subsidies, and regulations.
  • The determination of aggregate economic activity (e.g., GDP, unemployment).
  • Inflation, monetary policy, and financial intermediation.
  • Economic growth and income distribution.
  • International trade and international finance (e.g., exchange rates).

The Mathematical Economics Major is intended for students with a strong intellectual interest in both mathematics and economics and, in particular, for students who may pursue a graduate degree in economics. Advanced economics makes extensive use of formal mathematical models. The major introduces undergraduate students to rigorous theoretical-quantitative and empirical-quantitative approaches to the analysis of economic problems. In comparison to the Economics Major, the Mathematical Economics Major emphasizes a more formal mathematical analysis, preparing students for academic-style research in economics.

The minimum total course units for graduation in this major is 36. Double majors may entail more course units.

For information about the General Education requirements, please visit the College of Arts & Sciences Curriculum page.

College General Education Requirements and Free Electives
Foundational Approaches + Sectors1 + Free Electives19
Major Requirements
MATH Core Requirements 2
Select 1 Calculus II course1
Select 1 Calculus III course1
Select 1 Algebra course1
Select one of the following:2
Option 1:
Advanced Calculus
and Advanced Calculus
Option 2:
Advanced Analysis
and Advanced Analysis
STAT Core Requirements
Select 2 course units of the following: 32
and Statistical Inference
Engineering Probability
and Statistics for Data Science
Econometric Data Science 4
MATH Electives
Select 2 of the following:2
Applied Machine Learning
Applied Machine Learning
Machine Learning
Big Data Analytics
Stochastic Systems Analysis and Simulation
Intro to Linear, Nonlinear and Integer Optimization
Modern Convex Optimization
Calculus, Part IV
Computer Methods in Mathematical Science I
Discrete Mathematics I
Ordinary Differential Equations
Partial Differential Equations
Game Theory.
Mathematics of Finance
Advanced Applied Probability
Algorithmic Game Theory
Mathematical Statistics
Stochastic Processes
Forecasting Methods for Management
Introduction to Bayesian Data Analysis
Sample Survey Design
Applied Probability Models in Marketing
Mathematical Statistics
Advanced Statistical Inference I
Advanced Statistical Inference II
Applied Econometrics I
ECON Core Requirement 5
Introduction to Micro and Macro Economics: 6
ECON 001Introduction to Micro Economics1
ECON 002Introductory Economics: Macro1
Waiver Conversion Complete
Intro Micro/Macro - For WHARTON Students Only:
Introduction to Economics for Business
Select an additional ECON course 7
Intermediate Level Micro and Macro Economics
ECON 101Intermediate Microeconomics1
ECON 102Intermediate Macroeconomics1
ECON 681Microeconomic Theory1
ECON Electives
Select 3 courses from the following disciplines:3
Econometric Methods and Models
Macro-Econometric Techniques and Applications
Micro-econometric Techniques and Applications
Econometric Machine Learning Methods and Models
Empirical Economics of Climate Change
Econometrics I: Fundamentals 8
Economic Growth
Topics in Macroeconomics
Monetary and Fiscal Policies
Money and Banking
Microeconomics/Game Theory
Social Choice Theory
Game Theory
Industrial Organization
The Digital Economy
Mathematical Economics
Decision Making Under Uncertainty
Market Design
Game Theory and Applications. 8
Independent Studies
Independent Study
At most one independent study (ECON 199) can substitute for a 200-level course in the major. Students wishing to enroll in an Independent Study must have their outline approved and be enrolled prior to the end of the Add Period. No Independent Studies will be accepted afterwards.
Total Course Units36


Applicants must have a minimum GPA of 3.5 and an A- or better in 3 graduate level courses that count toward the major. Approved courses may be chosen from the list of Mathematical Economics electives:

Economics courses 600-level and above
Mathematics and Statistics courses 500-level and above
Intro to Linear, Nonlinear and Integer Optimization
Modern Convex Optimization

The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2021 and later. Students should consult with their academic program regarding final certifications and requirements for graduation.