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    Mathematical Economics

    Applicable for the 2020-2021 academic year.

    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 all-college 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


    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


    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 major-satisfying 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.