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Related
Courses
| Mathematics Course for Economics Majors Economics is the most quantitative Social Science: a good knowledge of math is essential for understanding economic theory. The Economics major at Wellesley requires that students take the equivalent of Math 115 (Calculus I) before enrolling in the intermediate economic theory courses (Econ 200, 201 and 202). While Math 115 remains the only formal mathematics pre-requisite that economics majors have to fulfill, material from Math 116 (Calculus II), Math 205 (Intermediate Calculus), Math 206 (Linear Algebra), Math 210 (Differential Equations) and Math 220 (Probability and Elementary Statistics) are widely used in upper level Economics courses. Therefore, taking one or more of these courses will be beneficial for your success in the major. Economics majors in general do not need to take these courses, hence their not being listed as pre-requisites for the major. However, majors who are interested in a deep understanding of economic theory, and in particular students who are intending to do further study of economics in graduate school need to take most if not all of these courses (and perhaps even more). The following are recommended levels of preparation in Mathematics for Economics majors depending on what they foresee themselves doing in the future. 1. Required for All Majors Math 115 (Calculus I) 2. Recommended for all Majors Math 115 (Calculus I) Math 116, 116z or 120 (Calculus II) Math 205 (Intermediate Calculus) 3. Recommended for all Majors who are Interested in Developing their Understanding of Theory Math 115 (Calculus I) Math 116, 116z or 120 (Calculus II) Math 205 (Intermediate Calculus) Math 206 (Linear Algebra) Econ 303 (Mathematics for Economics) 4. Recommended for Majors Interested in Keeping Their Options for Graduate School Open Math 115 (Calculus I) Math 116, 116z or 120 (Calculus II) Math 205 (Intermediate Calculus) Math 206 (Linear Algebra) Math 302 (Elements of Analysis I) Econ 303 (Mathematics for Economics) 5. Recommended for Majors Interested in Graduate School in an Econ Related Area (Public Policy, M.P.H, International Finance, Finance) Math 115 (Calculus I) Math 116, 116z or 120 (Calculus II) Math 205 (Intermediate Calculus) Math 206 (Linear Algebra) Math 210 (Differential Equations) Math 203 (Mathematical Tools for Finance) [For those interested in Finance] Math 251 (Operations Research) [For those interested in Engineering Economic Systems, Industrial Engineering, Operations Research, Urban Planning etc.] 6. Recommended for Majors Interested in Graduate School in Economics Math 115 (Calculus I) Math 116, 116z or 120 (Calculus II) Math 205 (Intermediate Calculus) Math 206 (Linear Algebra) Math 210 (Differential Equations) Math 302 (Elements of Analysis I) Econ 303 (Mathematics for Economics) Econ 317 (Advanced Econometrics) 7. Typical Math Background of Recent Applicants Admitted to the Top 5 Ph.D Programs in Economics Math 115 (Calculus I) Math 116, 116z or 120 (Calculus II) Math 205 (Intermediate Calculus) Math 206 (Linear Algebra) Math 210 (Differential Equations) Math 302 (Elements of Analysis I) Math 303 (Elements of Analysis II) Math 305 (Modern Abstract Algebra) Econ 303 (Mathematics for Economics) Econ 317 (Advanced Econometrics) |
Created
by: Nicole DuRand '06 and Tomoyo Nakamaru '07
Maintained by: Ann Velenchik
Created: July 11, 2005
Last Updated: August 9, 2005
Expires: August 31, 2006
Maintained by: Ann Velenchik
Created: July 11, 2005
Last Updated: August 9, 2005
Expires: August 31, 2006