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Bachelor of Science in Mathematical Economics

Bachelor of Science in Mathematical Economics - General Track

Economics is a social science that is heavily dependent on mathematical tools. In this program, students will become proficient in both mathematics and economics to gain a better understanding of the economic applications of mathematics. Numerous economics graduates from WKU have expressed the fact that, in hindsight, they should have taken more mathematics courses in order to better prepare themselves for graduate studies in economics and for applied economics positions. An B.S. in Mathematical Economics with the General Mathematical Economics Track provides this educational experience. While not required, this major is ideally combined with second major or minor to complement these skills. A mathematical economics major would also be ideal for mathematics students seeking ways in which to further apply their mathematical skills.

The major in Mathematical Economics with the General Mathematical Economics Track requires 49 hours in mathematics and economics courses and leads to a Bachelor of Science degree.  Admission into the program requires (1) the completion of MATH 136, ECON 202 and 203, and ECON 206 or STAT 301 with a minimum GPA of 2.0 in the courses listed; and (2) completion of a minimum of 60 hours with a minimum GPA of 2.0 overall; and (3) completion of a minimum of 12 hours at Western Kentucky University with a minimum WKU GPA of 2.0. All mathematical economics majors will be required to participate in an assessment process through their senior seminar class prior to graduation (ECON 497 or MATH 497, I hour). Mathematical Economics is a joint program from the Department of Economics in the Gordon Ford College of Business and the Mathematics Division of the Department of Mathematics and Computer Science in the Ogden College of Science and Engineering.  The program of study does not require the completion of a second major or a minor, but it is recommended. The second major may not be economics, business economics, or mathematics. The minor may not be economics or mathematics.  The additional courses needed to complete the degree include:

  • ECON 302 - Microeconomic Theory
  • ECON 303 - Macroeconomic Theory
  • ECON 306 - Statistical Analysis or ECON 307 Financial Data Modeling
  • ECON 464 - Mathematical Economics
  • ECON 465 - Regression Econometric or ECON 480 - Economic Forecasting
  • ECON 497 - or MATH 497 Senior Seminar Math - Econ
  • MATH 137 - Calculus II
  • MATH 237 - Multivariate Calculus
  • MATH 307 - Introduction to Linear Algebra
  • MATH 310 Introduction to Discrete Mathematics or MATH 331 Differential Equations
  • Three additional hours from the following:
    • MATH 305
    • MATH 310 Introduction to Discrete Mathematics or MATH 331 Differential Equations 
    • MATH 382 - Probability and Statistics
    • MATH 405 - Numerical Analysis
    • MATH 435 - Partial Differential Equations

*Economics electives may be chosen from 300 and 400 level economics courses not already required for the major.

Note: MATH 136 is a prerequisite for MATH 307. ECON 202 and MATH 136 may be applied toward general education requirements.

Additional Information

Catherine Carey
Chair and Professor
Department of Economics
Western Kentucky University

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 Last Modified 4/2/15