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Mathematics & Economics

Double major in Mathematics & Economics

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Economics studies the behavior of individual decision makers and their interactions. The heart of the discipline focuses on the allocation of scare resources in market economies; its main applications are the study of firms and households, as well as of the impact of policy interventions on economic growth and on social welfare. Over the years, the scope of economics has become much wider and now includes topics such as discrimination, education, marriage, voting, politics, negotiations, conflicts, or criminality.

The Maths & Economics track of the Bachelor program offers a scientific approach to economics. It relies on the construction, analysis, and interpretation of abstract models as well as on the confrontation of theoretical conclusions with empirical data coming from the field or from controlled experiments. Following the program requires strong quantitative skills and a taste for abstract thinking.

The first year offers an introduction to economics to all students. For those who choose the Maths & Economics track, the second year offers courses in Microeconomics, Macroeconomics, Econometrics, and Finance. Microeconomics is dedicated to the analysis of the individual behavior of households and firms, of the resulting strategic interactions, and of market equilibrium. Macroeconomics consists in studying the economy as a whole such as to understand long-run growth and the business cycle, as well as the functioning of monetary and fiscal policy. Econometrics combines statistical methods and theoretical models to quantify real world phenomena. Finance analyzes investment over time in risky environments. The third year offers more advanced courses on specific topics such as game theory, international trade, industrial organization, public policy, labor economics, poverty and development.

 

Optional courses

As part of their curriculum, students following this double major will have the opportunity, if they wish, to study a minor in Further Mathematics. This option gives the opportunity to students to deepen their knowledge in a crucial part of the program.