Mathematical Economics (B.A.)
The purpose of the program is to provide rigorous training in mathematics and economics for students whose career goals require a high level of technical proficiency in these subjects. The program will be valuable for students who intend to pursue graduate work in economics, finance or applied mathematics, or pursue a career in economic analysis, finance, underwriting, actuarial sciences, banking, international trade, applied statistics, or operations research.
Admission requirements for this program are satisfied by the general requirements for undergraduate admission to the University.
Candidates must complete 120 credits in course work including satisfaction of the University General Education Requirements and the College of Liberal Arts and Sciences Group Requirements, as well as the departmental major requirements cited below. All course work must be completed in accordance with the regulations of the University and the College governing undergraduate scholarship and degrees. Students must receive a grade of ‘C-’ or better in all Mathematics and Economics courses. An overall grade point average of 2.0 (‘C’) is required for graduation.
To satisfy the General Education Major Competency Requirement, Mathematical Economics majors must have a cumulative grade point average of 2.0 in their major courses.
A major consists of at least forty-six credits total - at least twenty-two credits in mathematics courses and twenty-four credits in economics courses. At least fifteen credits (eight credits of economics and seven credits of math) must be earned at Wayne State University.
|ECO 2010||Principles of Microeconomics||4|
|ECO 2020||Principles of Macroeconomics||4|
|ECO 5000||Intermediate Microeconomics||4|
|ECO 5050||Intermediate Macroeconomics||4|
|ECO 6000||Price and Allocation Theory||4|
|Select one of the following in conjunction with ECO 5993:||4|
|Fundamentals of Economic Analysis I|
|Introductory Statistics and Econometrics|
|Economic Analysis of Law|
|Money and Banking|
|Introduction to Econometrics|
|ECO 5993||Writing Intensive Course in Economics (Can be taken with either the ECO or Math elective)||0|
|MAT 2010||Calculus I||4|
|MAT 2020||Calculus II||4|
|MAT 2030||Calculus III||4|
|MAT 2250||Elementary Linear Algebra||3|
|MAT 5700||Introduction to Probability Theory||4|
|One MAT or STA course at or above 5030. Recommended courses are: 2||3|
|Statistical Computing and Data Analysis|
|Numerical Methods I|
|Partial Differential Equations|
|Complex Variables and Applications|
|Methods of Differential Equations|
|Introduction to Stochastic Processes|
|Mathematical Models in Operations Research|
|Methods of Optimization|
|Introduction to Mathematical Statistics|
|MAT 5993||Writing Intensive Course in Mathematics 3||0|
This is a paper completed in conjunction with a 5000-level economics or math course elective. You must register for this during the same semester that the 5000-level economics or math elective course is taken.
This is a paper completed in conjunction with a 5000-level mathematics course elective. You must register for this during the same semester that the 5000-level mathematics elective course is taken. This requirement may also be satisfied by completion of ECO 5993.
Minimal Grade Requirements
Students must receive a grade of ‘C- ’ or better in all Mathematics and Economics courses. An overall grade point average of 2.0 (‘C’) is required for graduation.
Writing Proficiency/Writing Intensive Requirement
To enable the Department to evaluate their writing proficiency, mathematical economics majors must register for ECO 5993, the zero-credit WI course. This is a paper completed in conjunction with a 5000-level economics or math course elective. They must register for this during the same semester that the 5000-level economics or math elective course is taken. All mathematical economics majors must satisfy this requirement, even if they are not subject to the University General Education Requirements.
It is each student’s responsibility to learn the requirements, policies, and procedures governing the program they are following and to act accordingly. Students should consult both Mathematical Economics program advisors regularly in order to verify that Mathematical Economics requirements are being met in a timely fashion. Although the advisor will provide assistance, the responsibility for fulfilling degree requirements remains with the student.