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Bachelor's

Bachelor of Science in Mathematical Economics

University of Kentucky College of Arts and Sciences 41 courses 120 total credits

About This Program

The mathematical economics major offers students a degree program that combines mathematics, statistics, and economics. In today’s increasingly complicated international business world, a strong preparation in the fundamentals of both economics and mathematics is crucial to success. This degree program is designed to prepare a student to go directly into the business world with skills that are in high demand, or to go on to graduate study in economics or finance. A degree in mathematical economics would, for example, prepare a student for the beginning of a career in operations research or actuarial science. In many ways, the mathematical economics program parallels the engineering philosophy. It combines the quantitative methods of mathematics with an applied science in order to solve real problems. As an example, operations research is used to optimize costs for extremely complicated 15 systems such as airline scheduling. A major problem in business and economics is decision making under uncertainty. Efficient inventory control for large national retail chains can mean the difference between success and failure. A business will improve its bottom line if it can effectively control cost of inventory under the uncertainty of consumer demand. The solution of control problems of this type requires knowledge of relatively sophisticated mathematics and statistics as well as knowledge of basic economic principles. There is currently a serious shortage of individuals who have sufficient training in mathematics and statistics as well as an understanding of business and economics.

Degree Requirements

Premajor Requirements

Choose one of the following two sequences:

Code Course Title Credits
MA 113 Calculus I 4
MA 114 Calculus II 8
MA 137 Calculus I with Life Science Applications 4
MA 138 Calculus II with Life Science Applications 8

Premajor Requirements

Code Course Title Credits
MA 113 Calculus I 4
MA 114 Calculus II 4
CS 115 Introduction to Computer Programming 3

Major Requirements

Code Course Title Credits
CS 215 Introduction to Program Design, Abstraction and Problem Solving 4
MA 213 Calculus III 4
MA 214 Calculus IV 3
MA 320 or STA 320 Introductory Probability or Introductory Probability 3
MA 321 or CS 321 Introduction to Numerical Methods or Introduction to Numerical Methods 3
MA 322 Matrix Algebra and its Applications 3
STA 321 Basic Statistical Theory I 3
MA 340 or CS 340 Applicable Algebra or Applicable Algebra 3
MA 415G or CS 415G Combinatorics and Graph Theory or Combinatorics and Graph Theory 3
MA 432G Methods of Applied Mathematics I 3
MA 433G Introduction to Complex Variables 3
MA 481G Differential Equations 3
MA 483G Introduction to Partial Differential Equations 3
MA 416G or CS 416G Introduction to Optimization or Introduction to Optimization 3
MA 417G or STA 417G Decision Making Under Uncertainty or Decision Making Under Uncertainty 6

Click a course code or title to read the full course description.

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Program and course information is reproduced from each university's published academic catalog for informational purposes and may change. Always confirm current requirements with your university. We are an independent academic support service and are not affiliated with or endorsed by the universities listed.

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