Economicsmodels the production and consumption of goods and services, and one of the natural languages of economics is mathematics. Businesses, industries, and government agencies actively seek graduates with analytical training in mathematics, technical training, and knowledge of core economic and financial principles.
The Interdepartmental Major in Economics and Mathematics can also prepare you for graduate work in a variety of fields, giving you the quantitative tools needed to measure economic indicators, make sense of big data, and analyze strategic interactions arising in economics, business, and international relations. The degree also prepares you for a possible career in the actuarial sciences.
Check out the Interdepartmental Major in Economics and Mathematics B.A. Major Guide for a detailed consideration of the degree, internships, scholarships, awards, special areas of study, research opportunities, and career options.
Throughout history, mathematics has helped to improve the human condition. Economics, meanwhile, has explored how resources are conserved, spent, allocated. Using numbers and data as problem-solving tools to impact people and policies provides ample opportunity for the two disciplines to come together in a single academic program.
The major is intended for those students who wish to combine these two areas of study but do not want to limit their course work in other liberal arts areas by having to take all of the classes necessary for completion of the two majors.
Gain real-world experience and explore potential careers through off-campus internships. In recent years, our students have interned for Goldman Sachs; NorthPointe Capital; Ernst & Young; Baird Investment Bank; PricewaterhouseCoopers; Quicken Loans; Pfizer; and Heitman Real Estate Investment.
Students completing the major in mathematics/economics will be well prepared to enter a career in business consulting or to enroll in graduate programs in economics, operations research or applied mathematics. Many attend MBA programs. Demand is high in both industry and government for employees with training in mathematics and economics.
Albion College is an undergraduate, liberal arts institution committed to academic excellence. We are learning-centered and recognize that valuable learning takes place in and outside the classroom, on and off campus. We prepare students to translate critical thought into action.
The Bachelor of Science in Business Administration Program prepares students through a broad undergraduate education based on management science, quantitative analytics and reasoning, leadership development, and communications skills. The curriculum is rigorous and flexible to accommodate student interests, academic, and career goals.
The curriculum includes a central core of courses in the functional areas of business, economics, mathematics, communications, and university courses in liberal arts and sciences. Students complete an in-depth study in one functional business concentration and additional business electives.Further, students also complete a minor from outside the Tepper School of Business to enhance their business education and take advantage of the excellence across Carnegie Mellon. The minor promotes students' intellectual knowledge and compliments the business education. The curriculum structure assists Tepper graduates to become leaders in complex global business, technical, and political environments.
The Bachelor of Science in Economics is our deep dive into economics. Compared to the Bachelor of Arts in Economics, students pursuing this major take an additional math course, an additional and more advanced economics data analysis course, and six economics electives courses. This major provides the most extensive and deepest study of economics. The major enables students to analyze complex economics and business problems by combining economic reasoning with advanced data analytic techniques. Many students pursuing this major organize the electives that they take into two economics concentrations.
Our Bachelor of Arts in Economics provides a strong foundation in economic analysis and quantitative methods. In addition to the economics core* and economics elective courses, the curriculum has been designed for students to take "special elective" courses from a rich menu offered by other CMU humanities or social science departments. These courses explore economic and social problems from the perspective of history, politics, philosophy, and psychology.
Students graduating from this degree are well equipped for a wide variety of roles in management and business. Additionally, they are well prepared for further graduate degrees and/or graduate work in economics, decision sciences, government, and public policy.
The Bachelor of Science in Computational Finance is an inter-college program, offered by both the department of Mathematical Sciences in the Mellon College of Science (MCS) and the Tepper School of Business. Students who are accepted into this program may choose to have either MCS or the Tepper School as their home college. Those students in MCS will focus more on mathematics, while those in the Tepper School will take more business-related courses.
The Bachelor of Science in Economics and Statistics is designed for students with a strong interest in the application of statistics and empirical methods to economics and business. It is offered jointly by Carnegie Mellon's Undergraduate Economics Program and its Department of Statistics and Data Science.
The major's curriculum provides students with a solid foundation and advanced training in the theories and methods of economics and statistics. Viewing data through the lens of economics, students are trained to isolate and infer causes of economic and business outcomes, make forecasts, and make data-informed decisions.
Students graduating from this degree are well equipped for a wide variety of data science roles in management and business. Additionally, they are well prepared for further graduate degrees and/or graduate work in economics, decision sciences, and public policy.
The Bachelor of Science in Economics and Politics is our newest major and is offered jointly by the Undergraduate Economics Program and the Institute for Politics and Strategy. It combines CMU's economics and political science cores, unique classes that relate the fields and advanced electives in both economics and political science. The major delivers an analytic and data-informed approach to the intersection of economics and political science. It also provides a practical perspective on policymaking through courses taught by faculty with influential government and policy experience and through the option of the CMU Washington Semester Program. The major is appealing to students interested in the design, evaluation, and political implementation of policy and, especially, to those considering careers in politics and public service.
Students graduating from this degree are well equipped for a wide variety of analyst roles in government and business. Additionally, they are well prepared for further graduate degrees and/or graduate work in economics, data analytics, government, and public policy.
The Bachelor of Science in Economics and Mathematical Sciences is designed for students who want to explore the application of mathematics to economics at an advanced and deep level. It is offered jointly by Carnegie Mellon's undergraduate economics program and its Department of Mathematical Sciences.
The Bachelor of Science in Economics and Mathematical Sciences offers an integrated curriculum that builds upon the synergies between economics and mathematics. It equips students with the mathematical tools and skills necessary for advanced economic model building, data science, and mathematical finance. Students graduating from this program are well placed for success in Ph.D. programs in economics, applied mathematics, statistics, and key functional areas of business including finance, accounting, marketing, and information systems.
The Tepper School offers an additional major in business or economics to students in any of the other schools and colleges at Carnegie Mellon. Combining either of these programs with another major can provide very strong career preparation for students.
The Tepper School offers minors to students in any of the other schools and colleges at Carnegie Mellon. Many CMU students find it quite valuable to gain business knowledge and skills through one of the minors offered by the Tepper School. Below is a list of minors currently being offered.
Students may apply for a minor when they have sophomore-year status and have successfully passed two courses for the minor with a 2.0 or higher grade point average. The business minor requirements should be reviewed in the Carnegie Mellon Undergraduate Course Catalog for your CMU year of entry as requirements can vary from class year to class year. The CMU policy is that the requirements identified in the Course Catalog in the year you started at CMU are the requirements you complete. There are no double-counting restrictions between the minor and the student's home college general education requirements.
Please note: BS in Mathematical Sciences with Operations Research and Statistics (MSORSTA) majors must complete 27 units of business electives for the Minor in Business Administration since their major also requires 70-122 and 73-102. Business electives cannot double-count with any other major or minor requirements.
For all students who wish to understand current economic and business literature, knowledge of mathematical methods has become a prerequisite. Clear and concise, with precise definitions and theorems, Werner and Sotskov cover all the major topics required to gain a firm grounding in this subject including sequences, series, applications in finance, functions, differentiations, differentials and difference equations, optimizations with and without constraints, integrations and much more.
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