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Foundations of Quantitative Economics

Principles of Economics (Economics 5) or Principles of Economics with Environmental Applications (Economics 8) equivalent.

Basic Mathematics Courses
Mathematics 32 (formerly Mathematics 11) and Mathematics 34 (formerly Math 12). 
Students can waive all or part of this requirement by showing adequate prior preparation as determined by the Departments of Economics or Mathematics. Students should be aware that Mathematics 39 and 44 can be offered as substitutes for Mathematics 32, 34, and 42.

Core Courses
Five core courses are required: Intermediate Microeconomics (Economics 11); Statistics (Economics 13), Foundations of Quantitative Economics (Economics 16) or Microeconomic Theory I (Economics 203), Quantitative Intermediate Macroeconomics (Economics 18) or Macroeconomic Theory I (Economics 205), and Econometrics (either Economics 107 or 202).

Students must complete Economics 11 before taking Economics 16 or 203. In turn, students must complete Economics 16 or 203 before taking Economics 18 or 205.

One core mathematics course is also required: Mathematics 70 or 72. No course offered as a core course can also be used as an elective course.

In place of Economics 13, students can take Mathematics 162, Engineering Science 56, Electrical Engineering 104 or Economics 201.

Elective Courses
Quantitative economics majors must complete four additional upper-level economics courses numbered Economics 20 or above. There are three restrictions on choice. First, at least three of these four courses must be suitable courses at the 100 level or higher. Second, at least one elective course must be open only to students who have completed the relevant quantitative prerequisite course (Economics 16, 18, or 107) or its equivalent.

The third restriction varies depending on the student’s graduation year. Beginning with the class of 2019, all majors are required to take at least one upper level seminar class. Upper level seminars are courses that focus on a specialized topic in the field of economics. Because of this specialized focus, all seminars have at least one of the core courses (Economics 11, Economics 16, Economics 12/18, Economics 13, Economics 15/107) as a prerequisite. In addition, seminars are small classes that place an emphasis on class interactions, the writing of papers, and the reading of journal articles. Seminar courses provide alternative ways to have “hands-on” research experience that satisfy the seminar requirement. This experience could be offered by a required research paper. However, courses that ask students to complete a series of short policy briefs, a critical literature review, or a group project that requires substantive research and writing all count as seminars. Courses that satisfy the seminar requirement are listed with an ampersand (&) in the Department’s Course Offerings.

Quantitative Economics majors graduating before 2019 must include in their four electives either at least one of the upper level seminar classes described above; or at least one of the 100-level economics courses that are explicitly designated as a “research-paper course,” or a senior thesis credit. Seminar courses are indicated by an ampersand (&) and research-paper courses are denoted with an asterisk (*) in the Course Offerings on the department’s Web page.