Department of Economics

Quantitative Preparation and Graduate Study

Quantitatively-oriented students are strongly urged to take the Econometrics Sequence (ECON422 and 423), ECON301 (Quantitative Microeconomics), and ECON426 (Mathematical Economics), as well as mathematics and related courses in computer science and statistics. Students planning graduate study in economics should consider the major concentration in Economic Theory and Econometrics or the Mathematics and Economics Major

Since most economics graduate schools (M.A. and Ph.D.) and many MBA programs stress quantitative skills and approach economic theory and operations management from a mathematical perspective, this advice also applies to those interested in graduate work in these fields.

The following suggestions may be helpful in planning your quantitative courses, especially if you considering a Ph.D. in Economics:

  • The more MATH you take as an undergraduate, the easier you will find your graduate classes.  We recommend at least the following courses:
    • MATH241-243 – Analytic Geometry and Calculus A, B and C
    • MATH302 – Ordinary Differential Equations (co-req. MATH243)
    • MATH349 Linear Algebra (pre-req. MATH242)
  • Also, take as many of these courses as possible:
    • MATH210 Discrete Math I (co-req.. MATH241) 
    • MATH245 Introduction to Proof (pre-req. MATH210 and MATH242)
    • MATH350 Probability Theory and Simulation Methods (pre-req. MATH210)
    • MATH401 Introductory Real Analysis (pre-req. MATH245)
    • MATH450 Mathematical Statistics (pre-req. MATH350)
    • MATH529 Fundamentals of Optimization (pre-req. MATH349 and MATH243)
  • In addition, make sure that you’ve taken:
    • ECON422 Econometric Methods and Models I (pre-req. MATH221 and ECON103)
    • ECON423 Econometric Methods and Models II (pre-req. ECON422)
    • ECON426 Mathematical Economics (pre-req ECON301, MATH221)

The Lerner College is home to a state-of-the-art financial trading facility, the $1.5 million student-led Blue Hen Investment Club, a student-managed restaurant and hotel, a high-technology development center of a global bank and a start-up experience for students with new business ideas.

Lerner College faculty - like Meryl Gardner, whose research on foods and moods was recently published in the Journal of Consumer Psychology - are thought leaders who command attention from influential business audiences, economists and policy makers.

All Lerner College departments offer discovery learning experiences and emphasize data-based analytics to enrich the student experience. Here, students at Vita Nova, our award-winning restaurant run through HRIM, joined professional chefs and winemakers in hosting a 2014 Mid-Atlantic Wine and Food Festival event.

The Institute for Financial Services Analytics is a collaboration between the Lerner College, UD's College of Engineering and JPMorgan Chase, and hosts events for academics and the business community designed to address consumer analytics and industry applications.

Undergraduate scholarships, made possible through the generosity of alumni and friends, enable us to support promising scholars. Here, Delaware Gov. Jack Markell and his mother, Leni Markell, join recipients of the William Markell Scholarship (center), which benefits students in Accounting and MIS.

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