Today's global economic reality is increasingly intricate; in this setting, a solid background in both mathematics and economics can be critical for success.

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Mathematical economics, an interdisciplinary undergraduate bachelor's degree program through the Reh School of Business and the School of Arts & Sciences, was designed to tackle the complexities of the business environment.

It's a program that's ideal for students looking to participate in a rigorous course of study in mathematics, economics and the interaction between these two disciplines. As a student in the mathematical economics major, you will learn a broad range of economic theories and mathematical techniques that, together, will enable you to apply analytical techniques to contemporary issues in economics, finance and beyond. You will also have the flexibility to direct your studies towards your own interests, including economic theory, data analytics, financial analysis and more.

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Mathematical Economics Careers

Completing the mathematical economics bachelor's degree program sets our graduates up for the ability to work in many different industries and businesses, performing roles such as:

  • Economic policy and strategy consultant
  • Actuary
  • Bank and/or market analyst
  • Quantitative financial analyst

Mathematical economics majors also can choose to continue on for advanced graduate study in the fields of mathematics and/or economics. 

Clarkson University Class of 2020 100 percent placement rating

Mathematical Economics Curriculum & Academic Options

Major in Mathematical Economics

The Mathematical Economics program consists of a minimum of 27 credit hours in mathematics and statistics and a minimum of 24 credit hours in economics. The program is very flexible, allowing student to complete the remaining courses to reach the 120 credit requirement with free electives. Mathematical economics majors can take courses such as:

  • Calculus
  • Probability
  • Mathematical Modeling
  • Microeconomics
  • Macroeconomics
  • Environmental Economics
  • Game Theory and Economic Strategy
  • Industrial and Supply Chain Economics
  • Financial Markets and Institutions
Mathematical Economics Curriculum

The mathematical economics program consists of 27 credit hours in mathematics and 24 credit hours in economics. 51 credit hours are in free electives, which is enough to complete a minor or second major if you so choose.

Click here for a sample curriculum schedule

All courses are 3 credits unless noted.

Clarkson Common Experience

The following courses are required for all students, irrespective of their program of study. These courses are offered during the fall semester, with FY100 First-Year Seminar being required of only first-year students. Both FY100 and UNIV190 are typically taken during the fall semester of the first year at Clarkson.
FY100 First-Year Seminar (1 credit)
UNIV190 The Clarkson Seminar (3 credits)

 

Mathematical Economics Core Requirements

Students are required to complete the following courses:

Mathematics

  • MA131 Calculus I
  • MA132 Calculus II
  • MA200 Introduction to Mathematical Modeling and Software
  • MA211 Foundations
  • MA231 Calculus III
  • MA232 Elementary Differential Equations
  • MA339 Applied Linear Algebra
  • STAT383 Introduction to Probability and Statistics

Economics

  • EC150 Principles of Microeconomics
  • EC151 Principles of Macroeconomics
  • EC357 Intermediate Microeconomics
  • EC358 Intermediate Macroeconomics
  • EC311 Introduction to Econometrics
  • EC313 Mathematical Economics

 

Mathematical Economics Core Electives

Students must complete one of the following courses:

  • MA331 Fourier Series and Boundary Value Problems
  • MA332 Intermediate Differential Equations
  • STAT381 Probability
  • STAT382 Mathematical Statistics
  • STAT384 Advanced Applied Statistics

Students must complete two of the following courses:

  • EC360 Environmental Economics
  • EC367 International Economics
  • EC370 Economics of Innovation/Entrepreneurship
  • EC384 Game Theory and Economic Strategy
  • EC451 Industrial and Supply Chain Economics
  • EC468 Financial Markets and Institution
  • EC475 Personnel Economics

 

Mathematical Economics Electives

Knowledge Area/University Course Electives

Students will have at least 18 credit hours available to use toward Knowledge Area and/or University Course electives to satisfy the Clarkson Common Experience requirements.

Free Electives

Students will have approximately 51 credit hours available to use toward courses of their choice.

Relevant Minors & Concentrations

Mathematical Economics majors have the opportunity to explore minors that will complement their degree program. View our recommendations below or learn more about all of Clarkson's minors, concentrations and professional advising tracks.

All Undergraduate Minors, Concentrations and Tracks

Business Minor

The minor in business is designed for students with a major outside of the Reh School of Business who wish to pursue a collateral area in business.

Completion of the minor provides broad exposure to the foundations of major business functions, complementing technical majors very well. These areas include accounting, economics, finance, law, organizational behavior, operations management and marketing.

All courses are 3 credits unless noted.

 

Business Core Requirements

All students choosing to minor in business must complete 18 credit hours, or six courses, from among the following:

  • EC150 Principles of Microeconomics or Economic Principles and Engineering or EC350 Economics
  • EC151 Principles of Macroeconomics or Economic Principles and Engineering or EC350 Economics
  • AC205 Introduction to Accounting for Decision Analysis
  • LW270 Law and Society I
  • OS286 Organizational Behavior
  • FN361 Financial Management I
  • OM331** Operations & Supply Chain Management
  • MK320** Principles of Marketing

*Students who complete EC350 Economics are exempt from taking EC150 and EC151. EC350 covers material from both EC150 and EC151. EC350 will satisfy one course toward the minor. Students must then choose their remaining five classes from AC205, LW270, OS286, FN361, OM331 or MK320.

**Students choosing to take either OM331 or MK320 must also complete IS200 Computer Application Fundamentals (1 credit) or IS211 Intro to ERP Tools and Applications (3 credits) either as a prerequisite or a co-requisite.

Computational Science Minor

The minor in Computational Science is available to students in any major. The minor allows students to develop an expertise in Computational Science while pursuing a conventional major, which provides the context wherein they apply their computational skills. 

To complete the minor the student must achieve a grade-point average of at least 2.00 in courses totaling at least 21 credits.

All courses are 3 credits unless noted.

 

Computational Science Minor Core I

Students are required to complete the following course:

  • MA377 Numerical Methods

Students must complete two of the following courses:

  • MA232 Elementary Differential Equations
  • MA239/MA339 Elementary Linear Algebra/Applied Linear Algebra
  • STAT282/STAT383 General Statistics/Probability and Statistics

Application area electives to make a total of 21 credits* 

*Application area electives are computational courses in departments other than Mathematics, typically drawn from the student’s major. The current list of approved courses is maintained by the Mathematics Department.

Statistics Minor

The minor in Statistics is open to all students except those majoring in Mathematics, Applied Mathematics and Statistics, or Data Science. To complete the minor the student must achieve at least a 2.0 grade-point average in courses totaling at least 21 credits.

At least one-fourth of the credit hours required must be completed at Clarkson, unless an exception is approved by the Dean of the School of Arts and Sciences.

All courses are 3 credits unless noted.

 

Statistics Minor Core I

Students must complete one course from the following areas:

Calculus

  • MA181 Basic Calculus
  • or MA131 Calculus I
  • or Equivalent

Linear Algebra

  • MA239 Elementary Linear Algebra
  • or MA339 Applied Linear Algebra
  • or Equivalent

 

Statistics Minor Core II

Students must complete the following course areas:

Introductory Statistics

  • STAT282 Probability and Statistics
  • or STAT383 Probability and Statistics
  • or Equivalent

Statistics or Projects

Students must take at least 12 additional credits from statistics courses or projects including at least two statistics courses or projects from departments other than Mathematics.

Experiential Learning

Research Opportunities

Faculty in both our Mathematics and Economics departments are experts in their fields and consistently performing research that earns funding grants, publication in top scholarly resources and awards. As early as your first year, you can ask to be a part of their research, too. Undergraduate research projects ma earn academic credit (either as Directed Study, Undergraduate Research or Honors Thesis) and may involve work during the semester or summer. 

Internship and Co-op Opportunities

The Reh School of Business requires at least one professional experience, such as a co-op, internship, directed research or a community project clearly related to the student's professional goals. Students from the Reh School of Business have had internships at employers such as

  • IBM
  • Northwestern Mutual
  • Wellington Management
  • Travelers Company
  • Schneider Electric
  • RMS - Research and Marketing Strategies
  • Computer Sciences Corporation
  • Amazon
  • Target
  • Goldman Sachs
  • Accenture
  • Wells Fargo
  • Lockheed Martin
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