### 3 answers

## Daniela’s Answer

Hello Aukai,

Although economics graduate programs have varying admissions requirements, graduate training in economics is highly mathematical. A 1991 report by the American Economic Association presented economics Ph.D students with the following list of mathematical topics:

high school mathematics only

basic calculus and linear algebra

applied mathematics, differential equations, linear programming, and basic probability theory

advanced calculus, advanced algebra and stochastic processes

real and complex analysis, advanced probability theory, and topology

Since that time, there has been an upward trend in the level of mathematics used in graduate courses. For example, the website econphd.net website suggests that: "Two or three terms of calculus, and often linear algebra, are deemed minimum preparation; similarly a semester of mathematical statistics. First-year graduate courses draw heavily on real analysis. Background in real analysis is highly valued and indeed almost expected of a strong applicant. Real analysis is usually the first 'rigorous' mathematics course, where you have to work through all proofs and write some yourself. The course is supremely effective preparation for initial graduate courses."

Further reading on mathematical preparation

The Cal-State-East Bay Economics Department recommends the following page for those considering a Ph.D. in Economics: http://whichmaster.com/phd.html

Harvard Professor Greg Mankiw has a blog on Why Aspiring Economists Need Math

The University of Wisconsin has description about its Department's expectations for math preparation

Here is a typical list of Recommended Mathematical Training to Prepare for Graduate School in Economics

In: https://www.aeaweb.org/resources/students/grad-prep/recommended-math

Good Studies!!

## Zach’s Answer

Overall, it’s not too tough of a major, it’s very intuitive if you’re good with figuring out how people/business will react to certain actions (e.g. people will spend less if the government raises taxes, reducing economic output), and I’d certainly recommend going for it as a major, it opens the door to so many opportunities in the business field.

## Richard’s Answer

Try QuantEcon for a great resource!