Mathematical Economics combines the study of mathematics, statistics, and economics. A strong preparation in the fundamentals of both economics and mathematics is crucial to success in the increasingly complicated international business world. At its core Mathematical Economics is the study of economic phenomena through mathematical methods and modeling.
There are excellent job opportunities in all areas of risk management. Many of the Mathematical Economics majors go into the actuarial profession after graduation. The major is also provides a strong foundation for graduate work in mathematics, economics, finance, and operations research.
Career opportunities in Mathematical Economics
The mathematical economics major combines mathematics, statistics, and economics. The major offers a strong preparation in the fundamentals of both economics and mathematics. The program prepares students 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 use.
Any student earning a Bachelor of Arts (BA) degree must complete a minimum of 39 hours at the 300+ level. These hours are generally completed by the major requirements. However, keep this hour requirement in mind as you choose your course work for the requirements in the major. Students interested in earning a Bachelor of Science (BS) degree must complete a minimum of 60 hours in biological, physical, mathematical and/or computer sciences. See the complete description of College requirements for a Bachelor of Arts and Bachelor of Sciences degrees in the Arts and Sciences section of the 2019-2020 Undergraduate Bulletin.
Total Credit Hours - 30
Total Hours - 8
Mathematics Core Requirements
Economics Core Requirements
Mathematics Component
OR
Economics Component
Statistics Component
Total Hours - 49
Economists conduct research, prepare reports, and evaluate issues related to monetary and fiscal policy. They also may collect and analyze statistical data.
Source: Bureau of Labor Statistics | Click the link for more info.
Median Salary
$115,730
per year in 2023
Number of Jobs
17,600
in 2023
10 Year Job Outlook
1,100
new jobs (average)
Economists typically work in an office setting, either independently or collaborating with a variety of other workers. Most economists work full time, and some work more than 40 hours per week.
Source: Bureau of Labor Statistics
Read MoreUnderstanding that over 70 percent of university students will change their declared major at least once during their college careers, the College of Arts and Sciences has developed an Exploratory Studies program for students who have yet to decide the specific field of study that most closely aligns both their personal interests and their professional career goals and objectives. The Exploratory Studies Program provides students with an extraordinarily diverse educational environment that includes coursework spanning Math and Natural Sciences, Humanities, and Social Sciences and provides students with the unique opportunity to explore multiple areas of interest during their first several semesters on campus. For more information please contact a recruiting representative at asrecruting@uky.edu.
While there are endless ways to create an unforgettable journey as a Wildcat, we can only think of one that gives you the chance to step outside the classroom and into exploring new parts of the world around you: participating in an Education Abroad opportunity! Whether it’s in a study, research, service, or internship program, taking your UK experience international with EA is the most hands-on way for you to expand your global perspective while making yourself a more well-rounded, marketable candidate to future employers no matter your field. As you take these first steps towards investing in your future, EA encourages you to take advantage of all the opportunities UK has to offer. Take a look at some of the many suggested opportunities UK Education Abroad & Exchanges has to complement your major! #ukyabroad
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