Applied Mathematical Economics is an interdisciplinary BS offered by the Department of Economics and Finance and the Department of Mathematics. It is designed to give students both the economic theory and the quantitative skills necessary to work in research positions in business or government and to prepare students for graduate study in economics. While the level of mathematics required in this major is not necessary for economics majors who wish to pursue a more general business or public policy career or who plan to attend law school, there are many more technical positions in such fields as operations research and economic forecasting for which quantitative skills are essential. Graduate study in economics is increasingly mathematical and the math courses in this major are necessary to be considered for admission to high quality graduate programs.

This degree is offered by the College of Arts and Sciences.

Course Requirements for the BS in Applied Mathematical Economics:

The degree consists of 18 semester hours in Economics, 27 semester hours in Math, and 7 semester hours in Computer Science, as follows:

• ECO 203: Principles of Microeconomics
• ECO 204: Principles of Macroeconomics
• ECO 346: Intermediate Microeconomic Analysis
• ECO 347: Intermediate Macroeconomic Analysis
• ECO 441: Econometrics
• 3 semester hours of Economics electives
• MTH 168: Analytic Geometry and Calculus I
• MTH 169: Analytic Geometry and Calculus II
• MTH 218: Analytic Geometry and Calculus III
• MTH 308: Foundations and Discrete Mathematics
• MTH 310: Linear Algebra and Matrices
• MTH 330: Intermediate Analysis
• MTH 411: Probability and Statistics I
• MTH 412: Probability and Statistics II
• CPS 150: Algorithms and Programming I
• 3 semester hours of upper level CPS electives (CPS 353 or CPS 424 recommended)

and the following courses to meet the College BS requirements:

• Natural sciences 8 sem. hrs.
• Social and behavioral sciences 6 sem. hrs.
• Humanities 9 sem. hrs.
• Philosophy and religious studies 12 sem. hrs.
• Communication skills 0-9 sem. hrs.
• First-year experience: ASI 150 1 semester hr.
• General Education courses and electives to bring total to at least 120 sem. hrs.

Applied Mathematical Economics prepares students for:

• graduate study in economics, statistics, applied mathematics, policy studies, management science, law, and other related fields;
• careers in applied economics or statistics with government agencies such as the Federal Reserve Board, the Office of the Comptroller of the Currency, the Department of Labor, the Bureau of the Census, the Office of Management and Budget, the Environmental Protection Agency, and the Congressional Budget Office;
• careers as economic analysts, quality control analysts, systems analysts, and investment analysts, and actuaries.

Students who have an interest in this degree should contact:

Dr. Elizabeth Gustafson, Chair,
Department of Economics and Finance
(937) 229-2406,
510 Miriam Hall,
gustafso@udayton.edu

or

Paul Eloe, Chair,
Department of Mathematics
(937) 229-2511,
108B Sherman Hall,
Paul.Eloe@notes.udayton.edu
Department of Mathematics web site