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Department of Economics

Bachelor of Arts in Economics and Mathematics

Students on Summer 2021, Fall 2021, or Spring 2022 requirements ECONMATHBA

The interdepartmental major in economics and mathematics is designed to enable students to model economic questions mathematically and to analyze and solve those models.

Requirements

The major requires at least 40 credit hours, including the requirements listed below.
  1. Economics courses.
    1. Fundamentals of Economics I. One (1) course:
      • ECON-B 251 Fundamentals of Economics for Business I
      • ECON-E 251 Fundamentals of Economics I
      • ECON-S 251 Fundamentals of Economics for Business I: Honors
    2. Fundamentals of Economics II. One (1) course:
      • ECON-B 252 Fundamentals of Economics for Business II
      • ECON-E 252 Fundamentals of Economics II
    3. Intermediate Microeconomic Theory. One (1) course:
      • ECON-E 321 Intermediate Microeconomic Theory
      • ECON-S 321 Intermediate Microeconomic Theory: Honors
    4. Intermediate Macroeconomic Theory. One (1) course:
      • ECON-E 322 Intermediate Macroeconomic Theory
      • ECON-S 322 Intermediate Macroeconomic Theory: Honors
    5. Electives.
      1. Advanced Electives. Two (2) courses:
        • ECON-E 327 Game Theory
        • ECON-E 331 International Trade
        • ECON-E 332 International Monetary Economics
        • ECON-E 337 Economic Development
        • ECON-E 341 Economics of Labor Market
        • ECON-E 344 Health Economics
        • ECON-E 351 Law and Economics
        • ECON-E 361 Public Finance: Government Spending
        • ECON-E 362 Public Finance: Taxation
        • ECON-E 364 Environment and Resource Economics
        • ECON-E 371 Introduction to Applied Econometrics
        • ECON-E 385 Economics of Industry
        • ECON-E 386 Soviet-Type Economies in Transition
        • ECON-E 390 Undergraduate Seminar in Economics
        • ECON-E 392 Seminar in Computational Methods and Econometrics
        • ECON-E 401 Machine Learning for Economic Data
        • ECON-E 402 Computational Methods In Macroeconomics
        • ECON-E 425 Financial Economics
        • ECON-E 427 Seminar in Experimental Economics
        • ECON-E 471 Econometric Theory and Practice I
        • ECON-E 472 Econometric Theory and Practice II
        • ECON-E 490 Advanced Undergraduate Seminar in Economics
        • ECON-S 371 Introduction to Applied Econometrics: Honors
        • ECON-X 398 Independent Research in Economics
      2. 400–499 Level. One (1) additional course:
        • ECON-E 401 Machine Learning for Economic Data
        • ECON-E 402 Computational Methods In Macroeconomics
        • ECON-E 425 Financial Economics
        • ECON-E 427 Seminar in Experimental Economics
        • ECON-E 471 Econometric Theory and Practice I
        • ECON-E 472 Econometric Theory and Practice II
        • ECON-E 490 Advanced Undergraduate Seminar in Economics
        • ECON-E 499 Honors Thesis
  2. Mathematics courses.
    1. Calculus I. One (1) course:
      • MATH-M 211 Calculus I
      • MATH-S 211 Honors Calculus I
    2. Calculus II. One (1) course:
      • MATH-M 212 Calculus II
      • MATH-S 212 Honors Calculus II
    3. Linear Algebra. One (1) course:
      • MATH-M 301 Linear Algebra and Applications
      • MATH-M 303 Linear Algebra for Undergraduates
      • MATH-S 303 Honors Course in Linear Algebra
    4. Calculus III. One (1) course:
      • MATH-M 311 Calculus III
      • MATH-S 311 Honors Course in Calculus III
    5. Mathematics Area. One (1) course:
      • Analysis
        • MATH-M 312 Calculus IV
        • MATH-M 413 Introduction to Analysis I
        • MATH-M 414 Introduction to Analysis II
        • MATH-M 415 Elementary Complex Variables with Applications
        • MATH-S 312 Honors Course in Calculus IV
        • MATH-S 413 Honors Course in Analysis I
        • MATH-S 414 Honors Course in Analysis II
        • MATH-S 415 Honors Elementary Complex Variables
        • MATH-M 420 Metric Space Topology
      • Differential Equations
        • MATH-M 343 Introduction to Differential Equations with Applications I
        • MATH-M 344 Introduction to Differential Equations with Applications II
        • MATH-M 441 Introduction to Partial Differential Equations with Applications I
        • MATH-M 442 Introduction to Partial Differential Equations with Applications II
        • MATH-S 343 Honors Course in Differential Equations
        • MATH-S 344 Honors Course in Differential Equations II
      • Applied Mathematics
        • MATH-M 371 Elementary Computational Methods
        • MATH-M 447 Mathematical Models and Applications I
        • MATH-M 451 The Mathematics of Finance
        • MATH-M 471 Numerical Analysis I
        • MATH-M 472 Numerical Analysis II
      • Probability and Statistics
        • MATH-M 463 Introduction to Probability Theory I
        • MATH-M 464 Introduction to Probability Theory II
        • MATH-S 463 Honors Course in Probability Theory I
    6. Mathematics Area 400–499 Level Requirement. One (1) additional course:
      • Probability and Statistics 400-499
        • MATH-M 463 Introduction to Probability Theory I
        • MATH-M 464 Introduction to Probability Theory II
        • MATH-S 463 Honors Course in Probability Theory I
      • Analysis 400-499
        • MATH-M 413 Introduction to Analysis I
        • MATH-M 414 Introduction to Analysis II
        • MATH-S 413 Honors Course in Analysis I
        • MATH-S 414 Honors Course in Analysis II
        • MATH-S 415 Honors Elementary Complex Variables
      • Differential Equations 400-499
        • MATH-M 441 Introduction to Partial Differential Equations with Applications I
        • MATH-M 442 Introduction to Partial Differential Equations with Applications II
      • Applied Mathematics 400-499
        • MATH-M 447 Mathematical Models and Applications I
        • MATH-M 451 The Mathematics of Finance
        • MATH-M 471 Numerical Analysis I
        • MATH-M 472 Numerical Analysis II
      • Other
        • MATH-S 499 Reading for Honors (Departmental consent required)
  3. Statistics. One (1) course:
    • ECON-E 370 Statistical Analysis for Business and Economics
    • ECON-S 370 Statistical Analysis for Business and Economics: Honors
    • MATH-M 365 Introduction to Probability and Statistics
  4. GPA and Hours Requirements.
    1. Major Residency. At least 18 credit hours in the major must be completed in courses taken through the Indiana University Bloomington campus or an IU-administered or IU co-sponsored Overseas Study program.
    2. Major Upper Division Courses. At least 18 credit hours in the major must be completed at the 300–499 level.
    3. Minimum Grade. Except for the GPA requirement, a grade of C- or higher is required for a course to count toward a requirement in the major.
    4. Major GPA. A GPA of at least 2.000 for all courses taken in the major—including those where a grade lower than C- is earned—is required.
    5. College Breadth. At least 38 credit hours must be completed in courses from College of Arts and Sciences disciplines outside of the major area.

Major Area Courses

Unless otherwise noted below, the following courses are considered in the academic program and will count toward academic program requirements as appropriate:

  • Any course at the 100-499 level with the ECON or MATH subject area prefix--as well as any other subject areas that are deemed functionally equivalent
  • Any course contained on the course lists for the academic program requirements at the time the course is taken--as well as any other courses that are deemed functionally equivalent--except for those listed only under Addenda Requirements
  • Any course directed to a non-Addenda requirement through an approved exception

The above courses cannot be applied toward the College Breadth requirement in the major.

Exclusions

The following courses cannot be applied toward major requirements or the College Breadth requirement:

  • ECON-E 115 Everyday Economics
  • ECON-E 203 Introduction to International Economics
  • ECON-X 373 Internship in Economics
  • MATH-E 201 Linear Algebra for Data Science
  • MATH-E 265 Introduction to Probability and Statistics for Data Science
  • MATH-E 449 Advanced Undergraduate Engineering Mathematical Methods
  • MATH-M 333
  • MATH-S 118 Honors Finite Mathematics
  • MATH-T 101 Mathematics for Elementary Teachers I
  • MATH-T 103 Mathematics for Elementary Teachers III
Restrictions

The following restrictions apply to the minimum credit hours required in the major:

  • May be repeated for a maximum of 6 credit hours:
    • MATH-X 170 Service Learning in Mathematics: Community Outreach
    • MATH-Y 201
  • May be repeated once with approval of Department of Mathematics for a maximum of 6 credit hours:
    • MATH-X 373 Internship in Professional Practice
    • MATH-Y 398
  • May be repeated for a maximum of 12 credit hours:
    • MATH-M 295
    • MATH-X 390 Readings and Research
  • Only 6 credit hours may be counted toward a major in economics:
    • ECON-E 303 Survey of International Economics
    • ECON-E 331 International Trade
    • ECON-E 332 International Monetary Economics
  • Only 6 credit hours may be counted toward a major in economics:
    • ECON-E 308 Survey of Public Finance
    • ECON-E 361 Public Finance: Government Spending
    • ECON-E 362 Public Finance: Taxation
  • Only 9 credit hours may be counted toward a major in economics:
    • ECON-E 371 Introduction to Applied Econometrics
    • ECON-S 371 Introduction to Applied Econometrics: Honors
    • ECON-E 471 Econometric Theory and Practice I
    • ECON-E 472 Econometric Theory and Practice II

This program of study cannot be combined with the following:

  • Bachelor of Arts in Economics (ECONBA)
  • Bachelor of Arts in Economics and Political Science (ECONPOLSBA)
  • Bachelor of Arts in Mathematics (MATHBA)
  • Bachelor of Arts in Mathematics and Economics (MATHECONBA)
  • Bachelor of Arts in Political Science and Economics (POLSECONBA)
  • Bachelor of Science in Mathematics (MATHBS)
  • Bachelor of Science in Mathematics Program I (MATHBS1)
  • Bachelor of Science in Mathematics Program II (MATHBS2)
  • Interdepartmental Minor in Economics and Political Science (ECONPOLMIN)
  • Interdepartmental Minor in Political Science and Economics (POLSECNMIN)
  • Minor in Economics (ECONMIN)
  • Minor in International Economics (INTECONMIN)
  • Minor in Mathematics (MATHMIN)

Exceptions to and substitutions for major requirements may be made with the approval of the unit's Director of Undergraduate Studies, subject to final approval by the College of Arts and Sciences.