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 Electives20
Major Requirements
MATH Core Requirements 2
Select 1 course unit of Calculus II1
Select 1 course unit of Calculus III1
Select 1 course unit of Algebra1
MATH 360
MATH 361
Advanced Calculus
and Advanced Calculus
2
or MATH 508
MATH 509
Advanced Analysis
and Advanced Analysis
STAT Core Requirements
Select 1 or 2 course units of the following: 31-2
Probability
and Statistical Inference
Engineering Probability
and Engineering Applications of Statistics
Statistics for Economists 4
MATH Electives
Select 2 course units of MATH Electives2
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 course units of ECON Electives3
Total Course Units36-37
1

You may count no more than one course toward both a Major and a Sector requirement. For Exceptions, check the Policy Statement.

2

Students intending to major in Mathematical Economics are encouraged to take MATH 116 Honors Calculus and to consider MATH 260 Honors Calculus, Part II.

3

NOTE: These MATH and ECON courses count toward the MATH and ECON electives.

4

If ECON 103 Statistics for Economists is taken, one additional ECON or MATH course from the following: MATH 546 Probability Theory, MATH 547 Stochastic Processes, ECON 104 Econometrics, ECON 221 Econometric Forecasting, or ECON 222 Advanced Econometric Techniques and Applications.

5

LPS academic year courses require approval of Undergraduate Chair EXCEPT for ECON 001 Introduction to Micro Economics & ECON 002 Introductory Economics: Macro.

6

ECON 001 Introduction to Micro Economics and ECON 002 Introductory Economics: Macro are prerequisites for all economics courses. ECON 001 Introduction to Micro Economics is the prerequisite for ECON 002 Introductory Economics: Macro.

7

ECON Course Required if ECON 010 Introduction to Economics for Business is taken.

Honors

Applicants must have a minimum GPA of 3.5 and an A- or better in 3 graduate level courses:

Modern Convex Optimization
One 600 level Econ course
One 500 level Math course

The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2017 and later. Students should consult with their academic program regarding final certifications and requirements for graduation.