Today’s global economic reality is increasingly intricate; in this setting, a solid background in both mathematics and economics can be critical for success. Clarkson University’s new Bachelor of Science degree in Mathematical economics is an interdisciplinary program that is designed to tackle the complexities of that business environment.
“The Mathematical Economics program at Clarkson has been designed to provide students with a multifocal view, with enough flexibility to allow students to find the path that works best for them,” said Associate Dean of the Reh School of Business Luciana Echazu. “Students have the freedom to direct their study toward areas of their own interest, like fulfilling the complete set of core Business classes, or focusing on Data Analytics, Financial Analysis, or other areas, such as Political Science.”
“The added value in this interdisciplinary program is coupling strong quantitative skillsets with a clear understanding of the mechanics of the world of business. The domain expertise is a critical differentiator,” said Mathematics Chair Joseph Skufca.
The new program provides balanced preparation in mathematics and economics while allowing students to further their knowledge in specific areas of interest.
Students will learn a broad range of economic theories and mathematical techniques that, together, will enable them to apply rigorous analytical (empirical and/or theoretical) techniques to contemporary issues in economics, finance and beyond.
“What I love about Math is that it prepares us for general problem solving, and my favorite thing about Economics is learning to predict how people will act or react,” said Nick McDonald, a student who declared the major as soon as it was approved. “Math Economics is a field where I get to combine those great qualities from the two fields and solve problems for the future by taking into account the way people think and act.”
The Mathematical Economics program consists of a minimum of 27 credit hours in mathematics and statistics and a minimum of 24 credit hours in economics. The program is quite flexible and students can complete the remaining courses to reach the 120 credits with free electives.
The Mathematical Economics program was officially approved by the New York State Department of Education (NYSED) in July, and the program will be ramping up over the next academic year. The first full cohort for this new major will be admitted in the fall of 2019 as a member of Clarkson’s Class of 2023.