Mathematics and Economics Major
Program Requirements
- Total units required: 57
Required Courses
| Code | Title | Units |
|---|---|---|
| CSE 131 | Introduction to Computer Science | 3 |
| Econ 1011 | Introduction to Microeconomics | 3 |
| Econ 1021 | Introduction to Macroeconomics | 3 |
| Econ 4011 | Intermediate Microeconomic Theory | 3 |
| Econ 4021 | Intermediate Macroeconomic Theory | 3 |
| Econ 413 | Introduction to Econometrics | 3 |
| or Econ 413W | Introduction to Econometrics with Writing | |
| Math 131 | Calculus I | 3 |
| Math 132 | Calculus II | 3 |
| Math 233 | Calculus III | 3 |
| Math 309 | Matrix Algebra | 3 |
| Math 310 | Foundations for Higher Mathematics | 3 |
| or Math 310W | Foundations For Higher Mathematics With Writing | |
| SDS 3200 | Elementary to Intermediate Statistics and Data Analysis | 3 |
| or SDS 3211 | Statistics for Data Science I | |
| or Math 493C | Probability | |
| Total Units | 36 | |
Elective Courses
Majors must complete seven electives drawn from the lists below. Three electives must be drawn from the Economics list and three electives must be drawn from the Mathematics list. The remaining elective may come from either department or from the preapproved elective list below.
Economics
One of the three Economics electives can be any Economics course with Econ 4011 or Econ 4021 as a prerequisite, including from an approved study abroad program. The other two economics electives must come from the following list:
| Code | Title | Units |
|---|---|---|
| Econ 404 | Behavioral Economics and Experimental Economics | 3 |
| Econ 407 | Market Design | 3 |
| Econ 410 | Macroeconomics of Inequality | 3 |
| Econ 4111 | Optimization and Economic Theory | 3 |
| Econ 4151 | Applied Econometrics | 3 |
| Econ 4160 | Topics in Econometrics: Microeconometrics | 3 |
| Econ 4210 | Topics in Financial Economics: Asset Pricing | 3 |
| Econ 4211 | Topics in Financial Economics: Investments | 3 |
| Econ 435 | Open Economy Macroeconomics | 3 |
| Econ 437 | The Economics of Financial Intermediation | 3 |
| Econ 445 | Public Finance | 3 |
| Econ 452 | Industrial Organization | 3 |
| Econ 4567 | Auction Theory and Practice | 3 |
| Econ 460 | Urban Economics | 3 |
| Econ 467 | Game Theory | 3 |
| Econ 471 | Development Economics | 3 |
| Econ 480 | Labor Economics | 3 |
| Econ 484 | Computational Macroeconomics | 3 |
Mathematics
The three Mathematics electives must come from the following list:
| Code | Title | Units |
|---|---|---|
| Math 312 | Differential Equations and Dynamical Systems * | 3 |
| Math 318 | Introduction to Calculus of Several Variables * | 3 |
| Math 371 | Graph Theory | 3 |
| Math 410 | Introduction to Fourier Series and Integrals | 3 |
| Math 4111 | Introduction to Analysis | 3 |
| Math 4121 | Introduction to Lebesgue Integration | 3 |
| Math 415 | Partial Differential Equations | 3 |
| Math 416 | Complex Variables | 3 |
| Math 429 | Linear Algebra | 3 |
| Math 449 | Numerical Applied Mathematics | 3 |
| Math 450 | Topics in Applied Mathematics | 3 |
| Math 456 | Topics in Financial Mathematics | 3 |
| Math 493C | Probability * | 3 |
| Math 495C | Stochastic Processes | 3 |
- *
Students choosing both Math 312 and Math 318 must complete four L24 Mathematics electives from the list above. Math 493C can be taken for elective credit in the major if SDS 3200 (or SDS 3211) is completed to satisfy the core requirements.
Preapproved Electives
One elective in the major can come from the following list:
| Code | Title | Units |
|---|---|---|
| SDS 420 | Experimental Design | 3 |
| SDS 439 | Linear Statistical Models | 3 |
| SDS 4392 | Advanced Linear Statistical Models | 3 |
| SDS 459 | Bayesian Statistics | 3 |
| SDS 460 | Multivariate Statistical Analysis | 3 |
| SDS 461 | Time Series Analysis | 3 |
| SDS 462 | Mathematical Foundations of Big Data | 3 |
| SDS 475 | Statistical Computation | 3 |
| SDS 494 | Mathematical Statistics | 3 |
Additional Information
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Students may declare a prime or a second major in Mathematics and Economics via L24 (Math) or L11 (Econ), and that will determine their major advisor.
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Students cannot declare more than one major or minor in the Department of Economics. This restriction includes dual majors, such as Mathematics and Economics (and Economics and Computer Science). Dual majors are considered "in the department" even if they are declared in another department.
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All courses in the major must be completed with the letter grade option, and a grade of at least C- must be earned in each.
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It is possible to earn the Financial Economics Specialization in conjunction with this major (prime or second).
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It is recommended that students completing Math 203 and Math 204 should bypass Math 309 and Math 310. However, they must complete one upper-level Mathematics elective from the list above (with the exception of Math 318) in lieu of Math 309 and Math 310.
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With instructor permission, students may use any of the following for Economics elective credit: Econ 501, Econ 502, Econ 503, Econ 504, Econ 511, or Econ 513.
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Transfer credit, including study abroad approval, for mathematics courses, for probability/statistics courses, or for CSE 131 is approved by the respective departments and is accepted by the Department of Economics for major credit.
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Majors may receive a maximum of 6 units of transfer credit from other colleges/universities to replace Econ 1011 and Econ 1021 (3 units of transfer credit per course). A minimum grade of C- must be earned. Preapproval by the Academic Coordinator in the Department of Economics is required.
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Majors selecting an approved study abroad program (for one semester) may receive transfer credit for Econ 413. Note: Many study abroad programs in Europe do not offer the equivalent of Econ 413 in the spring semester. A grade of C (or higher) is required in study abroad course work. Preapproval from the Department of Economics’ study abroad advisor is required.
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Majors selecting an approved study abroad program (for one semester) may also receive transfer credit for up to two economics electives. (Majors completing two economics electives abroad are required to complete four economics electives in the major.) A grade of C (or higher) is required in study abroad course work. Preapproval from the department's study abroad advisor is required.
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Majors selecting an approved study abroad program for a full year of study will be handled on a case-by-case basis in terms of meeting degree requirements.
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AP credit for Econ 1011, Econ 1021, Math 131, and/or Math 132 is accepted in the major. Consult with the Department of Mathematics and the Department of Economics for International Baccalaureate and British A-level policies.
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For further details on policies and procedures, please refer to the Undergraduate Guide and the Department of Economics' website, or schedule a meeting with the department's Academic Coordinator.
Contact Info
| Contact: | Dorothy Petersen, Academic Coordinator |
| Phone: | 314-935-5644 |
| Email: | dottie@wustl.edu |
| Website: | http://economics.wustl.edu |