Undergraduate Program

14-2 Major

Major 14-2: Mathematical Economics

The Course 14-2 program leads to the degree of Bachelor of Science in Mathematical Economics. In addition to fulfilling the 17 General Institute Requirements¹, a mathematical economics major must take the following subjects²:

- 14.01 Principles of Microeconomics (Students with a score of 5 on the Economics AP exam may substitute 14.03 Micro Theory and Public Policy.)
- 14.02 Principles of Macroeconomics
- 14.30 Introduction to Statistical Methods in Economics (or 18.650)
- 14.32 Econometric Data Science
- 18.100 Real Analysis (18.100P or 18.100Q also satisfy math CI-M requirement.)

- One of the following CI-M's in Economics:
-14.33 Economic Research & Communication
-14.05 Intermediate Macroeconomics (Students who take 14.05 must take a CI-M in Mathematics that offers instruction in both oral and written communication (18.104, 18.204, 18.384, 18.424, 18.434, 18.504, 18.704, 18.784, 18.821, 18.904, or 18.994)).
-14.18 Mathematical Economic Modeling

- One of the following CI-M's in Mathematics (or an approved alternative):
-18.100P/Q Real Analysis
-18.104 Seminar in Analysis
-18.504 Seminar in Logic
-18.784 Seminar in Number Theory

-One of:
-14.04 Intermediate Microeconomic Theory
-14.12 Economic Applications of Game Theory
-14.15J Networks
-14.19 Market Design

-One of:
-18.06 (or 18.061) Linear Algebra
-18.03 Differential Equations

- 36 units of electives (or three full subjects - at least one in Mathematics and one in Economics)

Sample roadmaps are available at https://shass.mit.edu/files/shass/cimg/undergraduate/Advisors/14-2_Mathematical_Econ_Roadmap.xlsx.pdf.

¹Note that up to three Economics elective subjects may be used in partial satisfaction of the HASS requirement, that 14.30 (Statistics) may be counted toward the REST requirement, and that 14.32 (Econometric Data Science) may be used to satisfy the Institute laboratory requirement.
²Students must earn grades of C or better in required subjects in order to fulfill departmental requirements.

14-2 majors may not have a dual major in either Economics or Mathematics (including 18-C). They also may not use Economics for their HASS concentration unless 14-2 is a secondary major.

For more information about this major, please contact Gary King (gking@mit.edu, 617-253-0951, E52-304)