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Mathematical Economics
The Mathematical Economics Major
Course Descriptions
The Mathematical Economics Major (B.A.)
(48 semester hours)
Required:
CSCI 188 (4) Java Programming I
ECON 101 (3) Principles of Microeconomics
ECON 102 (3) Principles of Macroeconomics
ECON 201 (3) Intermediate Microeconomics
ECON 202 (3) Intermediate Macroeconomics
ECON 227 (3) Methods of Economic Analysis
MATH 123 (4) Calculus I
MATH 124 (4) Calculus II
MATH 205 (3) Applied Statistics
MATH 232 (3) Linear Algebra
MATH 342 (3) Mathematical Modeling
Senior Exercise:
ECON 452 (3) Senior Seminar
Choose 1 of the following courses:
MATH 303 (3) Probability
MATH 328 (3) Ordinary Differential Equations
Choose 1 of the following courses:
ECON 332 (3) Econometrics
MATH 306 (3) Applied Linear Regression
Choose 1 of the following courses:
ECON 313 (3) International Economics
ECON 342 (3) Ecological Economics
CSCI 188
Java Programming I
CR:
4.0 ECON 101
Principles of Microeconomics
CR:
3.0 An introduction to the role markets play in determining the prices for products and services, wages workers earn, profits companies realize as participants in competitive markets, and how government policies impact markets. III.Q, V.7
ECON 102
Principles of Macroeconomics
CR:
3.0 Prerequisite: ECON 101. An introduction to the overall national economy of the United States. This course explores why the economy grows or suffers recessions, why interest rates and price levels fluctuate, and why there is so much debate about issues such as poverty, health care, and education. In response to these issues, the course identifies tools available to government to deal with economic problems and examines their limitations. III.Q, V.7
ECON 201
Intermediate Microeconomics
CR:
3.0 Prerequisites: ECON 101 and MATH 123. Critical study of the theory of the behavior of consumers and business firms, the determination of prices under various market structures, and the welfare implications of the allocation of resources by markets. This course cannot be taken on a P/CR/NC grading option. III.Q
ECON 202
Intermediate Macroeconomics
CR:
3.0 Prerequisite: ECON 102. A critical study of the nature, construction, and econometric applications of static and dynamic models for the determination of the level of income, output, employment, and prices in closed and open economies. V.7
ECON 227
Methods of Economic Analysis
CR:
3.0 Prerequisites: ECON 101 and MATH 123. An introduction to the techniques of quantitative economic analysis, including the use of linear algebra, calculus and constrained optimization. The course is designed to introduce mathematics as a practical tool for economic analysis and to help students understand the foundations of economic thought. The focus of the course is on the application of mathematics to economics, not on mathematical theory. Offered alternate years. III.Q
ECON 313
International Economics
CR:
3.0 Prerequisite: ECON 101. This course surveys the field of international money and finance. Open economy macroeconomic theory will be developed and applied in the analysis of the balance of payments and foreign exchange rate problems and the formation of policies to solve or prevent such problems. Offered alternate years.
ECON 332
Econometrics
CR:
3.0 Prerequisites: ECON 101, MATH 123, and MATH 205. An introduction to statistical quantitative analysis of economic behavior. The ordinary least squares technique and the assumptions underlying it are developed. Methods designed to detect and correct for the violations of these assumptions are examined. Special emphasis is given to the practical application of the procedures discussed through the use of computer exercises.
ECON 342
Ecological Economics
CR:
3.0 Prerequisite: ECON 101. An application of economic theory to problems of environmental degradation, natural resource use and ecological disruption. Economic concepts, such as market failure, property rights and public goods, are combined with natural and physical science principles to explore the integration of economic and ecological systems. Emphasis is placed on the use of analytical economic tools such as benefit-cost analysis, economic policy instruments and non-market valuation. V.7
ECON 452
Senior Seminar
CR:
3.0 Prerequisite: Senior standing or concurrently completing all major requirements. A comprehensive review of basic economic reasoning and exercises in its application to the understanding and solution of contemporary problems. III.O, III.W
MATH 123
Calculus I
CR:
4.0 Limits, differentiation and integration of polynomials and trigonometric functions. Applications of calculus including graphing, related rates and max-min problems. This course includes a three-hour laboratory session. III.Q
MATH 124
Calculus II
CR:
4.0 Prerequisite: MATH 123. Applications of calculus to area and volume problems, the exponential and logarithm functions, techniques of integration, sequences and series of real numbers. III.Q
MATH 205
Applied Statistics
CR:
3.0 Prerequisite or co-requisite: MATH 113, MATH 123, or BUSN 127; not open to students who have received credit for MATH 106. An introduction to data analysis and statistics. Descriptive statistics, random variables and their distributions, independence, sampling distributions, confidence intervals, hypothesis testing and linear regression. Applications in science, social sciences and economics. III.Q
MATH 232
Linear Algebra
CR:
3.0 Prerequisite: MATH 124. A study of linear systems, matrices and matrix algebra, determinants, vector spaces, and linear transformations; includes applications to Euclidean n-dimensional spaces as well as theory of abstract vector spaces.
MATH 306
Applied Linear Regression
CR:
3.0 Prerequisite: MATH 205, MATH 304, or PSYC 219. A study of linear statistical models. Multiple regression, selection of variables, residual analysis, and model building.
MATH 342
Mathematical Modeling
CR:
3.0 Prerequisites: CSCI 188 and MATH 232. Mathematical models with application to the social, life, and managerial sciences. linear programming and one or more topics chosen from game theory, Markov chains, queuing models, networks, and graph theory. Offered alternate years.
