Increasingly, modern training in economics requires strong preparation in mathematics. At the undergraduate level, we require one year of calculus to complete the major. Additional mathematics is highly recommended, particularly for students interested in taking honors courses or any of the more mathematically oriented electives in the undergraduate program.
For those students interested in pursuing graduate training in economics, a much more extensive mathematics background is required to gain entrance and succeed in the top graduate programs. Although not all students necessarily will use all of the mathematical techniques contained in the courses listed below, it is the consensus of the faculty that training in these courses will greatly improve your chances of succeeding in a top-notch graduate program. This list should not be viewed as the only mathematics you will ever need for graduate school, or your professional life beyond. These additional components can, however, be learned "on-the-job."
It is recommended that students seeking advanced training in Economics (PhD level work) cover the following subject areas in undergraduate mathematics:
- Basic Calculus of one and several variables and differential equations
- Linear Algebra
- Real Analysis
There are a variety ways of achieving this at the University of Rochester. A number of courses cover parts of the suggested curriculum so it is wise to consider a package of courses to achieve your goals. Any of the following 3 packages would cover the key material identified above, with somewhat different emphasis.
- Package 1: Math 161, 162, 164, 165, 265
- Package 2: Math 171, 172, 173, 174, 265
- Package 3: Math 161, 162, 163, 164, 235, 265
Students should also consider taking a more rigorous statistics sequence, such as Math 201 and Math 203, rather than Stat 213 or Eco 230.
Students should check with the Math Department as to appropriate placements, prerequisites, transfer credit and substitutions.